Anyone scalping the FTSE Futures??

[SuddenDeath]

wish i had shorted the sell pivot at 638

 

[barjon]

Barjon, or anyone for that matter,

I can't see the rationale for a 10am reversal, I can understand why it happens at about 08.30 after opening etc... and again around 2/2.30pm US opening etc.. buy why 10am?

dunno solo, the reversal times came from some rough and ready analysis I did some years ago - 8:30am, 9:00am, 10:00am and 15:00pm (dow equivalent to ftse 8:30am) came out as statistically significant and I've stuck with them.

You usually find some attempt, at least, around these times and if those attempts fail (or there isn't an attempt) you very often get a significant continuation move.

 

[Soloquan]

I'm short from 5627 now

first target 5617

50% off @ 5617

s/l moved to b/e

next target S2 @ 5602

 

[barjon]

it 10:02 now so let's see

 

[barjon]

...done little more than hold the fall so far, but trying

 

[Soloquan]

it 10:02 now so let's see

I'm hoping today is one of those days it doesn't. Hate my break even stop to be taken out now, not had a decent run all week yet.

 

[SuddenDeath]

past 4 dys ftse has bounced from below 5623

 

[Soloquan]

past 4 dys ftse has bounced from below 5623

but only on one of those days did it break daily support levels

 

[barjon]

keep your eye on the dow - ftse reluctant follow so if dow turns ftse'll likely nip south sharpish

 

[Dick Lexic]

according to yahoo the volume on 28/29 june was well above average....and the 29th high was 5620 cash ....we've traded below 5620 but haven't closed below since

 

[Soloquan]

Anybody else still holding short or just me?

 

[barjon]

Anybody else still holding short or just me?

well, I am - but I'm long dow as well

 

[Soloquan]

What you think Barjon, got my second target @ 5602, been short since 5627 where my s/l now is... close out now or you think there's some more to the downside coming?

 

[Soloquan]

What you think Barjon, got my second target @ 5602, been short since 5627 where my s/l now is... close out now or you think there's some more to the downside coming?

moot point

 

[hereward the wake]

well, I am - but I'm long dow as well

Having your cake and eating it!

 

[SuddenDeath]

5616 bottom just before 10am

9.56am

 

[barjon]

moot point

anyway you know better than that, solo. Worst thing you can do is start listening to other people

 

[Dick Lexic]

according to yahoo the volume on 28/29 june was well above average....and the 29th high was 5620 cash ....we've traded below 5620 but haven't closed below since

on the daily charts that is

 

[Soloquan]

anyway you know better than that, solo. Worst thing you can do is start listening to other people

 

[barjon]

well I suppose the best that can be said about the 10:00am today is that it held the fall and gave a little pop opportunity eventually as it stop hunted poor old Solo