Anyone scalping the FTSE Futures??

[SuddenDeath]

Inv head shoulders on ftse neckline at 5708 over 30 days

 

[barjon]

mornin' all

ftse hugely strong yesterday vs dow +90 which has gone to +110 this morning.

I'm short big time from 5721 and will dow hedge if it goes to 5725. Not convinced ftse will go down but I reckon it must re-balance a bit against dow today.

 

[SuddenDeath]

morning Barjon

FTSE think it goes to 5755 today

 

[barjon]

long dow 12996

 

[SuddenDeath]

FTSE is 58pts above the buy trigger

5668 so it is technically very strong

 

[SuddenDeath]

long dow 12996

FTSE is above its 61.8% retracemt of the past 5 months

5695 is point of control, bullish above bearish below

 

[SuddenDeath]

Market going up witout RIO/BLT who are up/down can they join the action?

 

[barjon]

FTSE is above its 61.8% retracemt of the past 5 months

5695 is point of control, bullish above bearish below

yeah, ftse sure is strong but it's moved miles away from dow from Tuesday ftse close when they stood at ftse 5635 dow 13066. Since then ftse up nearly 100 as we speak but dow is down 40.

 

[SuddenDeath]

yeah, ftse sure is strong but it's moved miles away from dow from Tuesday ftse close when they stood at ftse 5635 dow 13066. Since then ftse up nearly 100 as we speak but dow is down 40.

Barjon recent UK data has been abysmal, today we get BoE rate decision, wonder if market front runs possible action, they must act now,

 

[SuddenDeath]

FTSE almost 3 month high

 

[SuddenDeath]

yeah, ftse sure is strong but it's moved miles away from dow from Tuesday ftse close when they stood at ftse 5635 dow 13066. Since then ftse up nearly 100 as we speak but dow is down 40.

FTSE/Dow movement partially explained by big drop in BP 4.4% and HSBC bad news from US.

I have a ratio of Dow/ftse in excel I can post the chart if u want

 

[SuddenDeath]

price action of FTSE100 around its 100day ma is very interesting

 

[Soloquan]

yeah, ftse sure is strong but it's moved miles away from dow from Tuesday ftse close when they stood at ftse 5635 dow 13066. Since then ftse up nearly 100 as we speak but dow is down 40.

I'm pretty sure with the ECB rate decision and UK rate decision come 2pm we will be looking at a very different picture.

Morning!

 

[SuddenDeath]

I'm pretty sure with the ECB rate decision and UK rate decision come 2pm we will be looking at a very different picture.

Morning!

mornig Soloquan, abysmal UK data will the BoE do something?

 

[barjon]

well the 8:30am no more than paused it for the moment

 

[Soloquan]

mornin' all

ftse hugely strong yesterday vs dow +90 which has gone to +110 this morning.

I'm short big time from 5721 and will dow hedge if it goes to 5725. Not convinced ftse will go down but I reckon it must re-balance a bit against dow today.

I'm totally confused here Barjon. According to the charts I should be, like you say, short ftse long dow. But looking individually at the charts and with all the economic data out this morning I want to be long ftse and short dow.

Think this is a signal to stay out today!

 

[barjon]

looks like the 8:30am no more than paused it atm

 

[barjon]

oops, already said that

 

[Soloquan]

No?

Perhaps dow a little more flat than down.

 

[barjon]

I'm totally confused here Barjon. According to the charts I should be, like you say, short ftse long dow. But looking individually at the charts and with all the economic data out this morning I want to be long ftse and short dow.

Think this is a signal to stay out today!

well, we've got to a huge extreme which suggests ftse is going to trade weak against the dow today (it hasn't yet and still getting stronger) so the correct pair play is short ftse/long dow. Doesn't mean ftse will go down, of course, since it'll trade weak if it rises more slowly than dow.

If your charts are telling you long then maybe enter a dow long first and cover it with ftse short if it goes belly up.