Anyone scalping the FTSE Futures??

[Dick Lexic]

notice how the ftse bounced off 5839 the buy pivot

we all seem to get to the same place via different routes

 

[SuddenDeath]

we all seem to get to the same place via different routes

yes

 

[et.]

Have to hold up my hands and say it became a very funny looking IHS (1min chart). It's like my error yesterday when I predicted a 5min W which then got hammered into an M and it plunged into the head of a large IHS. Perhaps this has failed into a cup and handle. If we survive the beat down at 5843 ... bouncy bouncy time again! :clap:

Edit: We got beat down... looks more droppy droppy than bouncy bouncy at this stage...

 

[SuddenDeath]

Have to hold up my hands and say it became a very funny looking IHS (1min chart). It's like my error yesterday when I predicted a 5min W which then got hammered into an M and it plunged into the head of a large IHS. Perhaps this has failed into a cup and handle. If we survive the beat down at 5843 ... bouncy bouncy time again! :clap:

et is it a coincidence that since u started posting predictions on this thread the number of people viewing has gone from 15/23ish to 75 !!

 

[et.]

On 1 min chart there is a 0.5 point gap between the 11:57-11:58 and 11:58-11:59 candles. It had yet to be tested so they normally mean the price when it hits the gap goes in the direction the gap was originally laid. That is how I knew the price would drop there...plus it was a cup, and they often have handles. However, I didn't know how far it would go. My 4hr method said up so this is annoying me. If it goes up now I'd conclude it was wanting to retest the 5834 line but all my imaginary bets are off at this stage. :cheesy:

 

[SuddenDeath]

Is Nasdaq At a Double Top? also Corn and 30yr t bond

#905 08/21/12 Is Nasdaq At a Double Top? - YouTube

 

[et.]

et is it a coincidence that since u started posting predictions on this thread the number of people viewing has gone from 15/23ish to 75 !!

Thanks. It's back at 19 now... maybe it's lunchtime.

One reason I'm posting is to put pressure on myself to be consistent and to iron out a few psychological tendencies I have -

* I still catch myself thinking that price will move in a straight line, especially intra-day signals at 30 min - 4hr level, they must reach their targets right away
* I still examine lower charts after my prediction based on a higher chart has been made and then get confused because they seem to show the opposite. (lower charts can fake signals against upper, if upper was first)

and also to train myself to order my thoughts in terms of a narrative from higher to lower, so that I make one or two major predictions per day instead of dozens and dozens or small ones in succession, which is tiring, and means you lose the 'big picture'.

Most of my time training myself has been spent on 1 min chart, where I don't have a big picture view.

This is great because I've only got to make a couple of important decisions about the big picture, then I can leave the chart or return to interpret it in terms of the prediction.


BTW how do you calculate your buy and sell pivots?

I've calculated annual pivot points for the FTSE. Don't use them any more but they are pretty cool, and you can drill into them (50%) for extra lines. One is at 5827.9. I don't know how to create buy and sell lines though.

 

[SuddenDeath]

Thanks. It's back at 19 now... maybe it's lunchtime.

One reason I'm posting is to put pressure on myself to be consistent and to iron out a few psychological tendencies I have -

* I still catch myself thinking that price will move in a straight line, especially intra-day signals at 30 min - 4hr level, they must reach their targets right away
* I still examine lower charts after my prediction based on a higher chart has been made and then get confused because they seem to show the opposite. (lower charts can fake signals against upper, if upper was first)

and also to train myself to order my thoughts in terms of a narrative from higher to lower, so that I make one or two major predictions per day instead of dozens and dozens or small ones in succession, which is tiring, and means you lose the 'big picture'.

Most of my time training myself has been spent on 1 min chart, where I don't have a big picture view.

This is great because I've only got to make a couple of important decisions about the big picture, then I can leave the chart or return to interpret it in terms of the prediction.


BTW how do you calculate your buy and sell pivots?

I've calculated annual pivot points for the FTSE. Don't use them any more but they are pretty cool, and you can drill into them (50%) for extra lines. One is at 5827.9. I don't know how to create buy and sell lines though.

the pivots are just a psychological crutch, a line in the sand to trade around. u can use yesterdays 4day ma or yesterdays 7day ma on daily, they work fine. there are about 10 various pivots around,

 

[SuddenDeath]

Dow +12 should be +70

current time 14.38

 

[SuddenDeath]

Thanks. It's back at 19 now... maybe it's lunchtime.

One reason I'm posting is to put pressure on myself to be consistent and to iron out a few psychological tendencies I have -

* I still catch myself thinking that price will move in a straight line, especially intra-day signals at 30 min - 4hr level, they must reach their targets right away
* I still examine lower charts after my prediction based on a higher chart has been made and then get confused because they seem to show the opposite. (lower charts can fake signals against upper, if upper was first)

and also to train myself to order my thoughts in terms of a narrative from higher to lower, so that I make one or two major predictions per day instead of dozens and dozens or small ones in succession, which is tiring, and means you lose the 'big picture'.

Most of my time training myself has been spent on 1 min chart, where I don't have a big picture view.

This is great because I've only got to make a couple of important decisions about the big picture, then I can leave the chart or return to interpret it in terms of the prediction.


BTW how do you calculate your buy and sell pivots?

I've calculated annual pivot points for the FTSE. Don't use them any more but they are pretty cool, and you can drill into them (50%) for extra lines. One is at 5827.9. I don't know how to create buy and sell lines though.

Pivot Point Calculator, Free Pivot Point Calculator

 

[SuddenDeath]

Dow +12 should be +70

current time 14.38

Dow now +10

cancel that +70 call

loss of 6pts

at 14:52

 

[SuddenDeath]

FTSE bull flag on daily ?

 

[et.]

Pivot Point Calculator, Free Pivot Point Calculator

Cheers.

For daily I used to calculate from 7am to 8pm previous day. That's because the old Labrokes/Spreadex chart often had unusual volatility before this time that wasn't present on other charts, which I never knew whether to include or not.

De Mark's

5846.9
5789.4

Floor pivot point: 5831.5 (this is close to annual pp of 5827.9 which is why when I was trying out pps I decided to stick with annual... meant I didn't have to recalculate every day).


Another fun thing you can try with annual pivot points - something I'm not doing, but it's another cool observation - you can place secondary lines equidistant either side e.g. 10 pips. You will find that whole zone either side of the annual pivot point is either a buy or sell region. With 5827.9 and 5871.1 it looks pretty awesome on the chart at the moment. Don't know whether it is a useful basis of a trading strategy and I'm not using it.

 

[SuddenDeath]

Cheers.

For daily I used to calculate from 7am to 8pm previous day. That's because the old Labrokes/Spreadex chart often had unusual volatility before this time that wasn't present on other charts, which I never knew whether to include or not.

De Mark's

5846.9
5789.4

Floor pivot point: 5831.5 (this is close to annual pp of 5827.9 which is why when I was trying out pps I decided to stick with annual... meant I didn't have to recalculate every day).


Another fun thing you can try with annual pivot points - something I'm not doing, but it's another cool observation - you can place secondary lines equidistant either side e.g. 10 pips. You will find that whole zone either side of the annual pivot point is either a buy or sell region. With 5827.9 and 5871.1 it looks pretty awesome on the chart at the moment. Don't know whether it is a useful basis of a trading strategy and I'm not using it.

You understand Demarks trading methods?
Tom DeMark is highly rated, but the method is difficult to understand

 

[SuddenDeath]

Cheers.

For daily I used to calculate from 7am to 8pm previous day. That's because the old Labrokes/Spreadex chart often had unusual volatility before this time that wasn't present on other charts, which I never knew whether to include or not.

De Mark's

5846.9
5789.4

Floor pivot point: 5831.5 (this is close to annual pp of 5827.9 which is why when I was trying out pps I decided to stick with annual... meant I didn't have to recalculate every day).


Another fun thing you can try with annual pivot points - something I'm not doing, but it's another cool observation - you can place secondary lines equidistant either side e.g. 10 pips. You will find that whole zone either side of the annual pivot point is either a buy or sell region. With 5827.9 and 5871.1 it looks pretty awesome on the chart at the moment. Don't know whether it is a useful basis of a trading strategy and I'm not using it.

et keep an eye on JPM and GS, GS above 100day ma and JPM approaching it, will change tone of market

 

[et.]

You understand Demarks trading methods?
Tom DeMark is highly rated, but the method is difficult to understand

No, I'll look into it.

et keep an eye on JPM and GS, GS above 100day ma and JPM approaching it, will change tone of market

Okay. I've ignored stocks so far but I may have a look at those now.


BTW I don't know whether the day chart is a bullish or bearish flag. I think I need a good chart higher than monthly (two monthly/quarterly?) to make a decision.

 

[SuddenDeath]

FTSE pivots for Tuesday

Buy 5839
Sell 5833

FTSE close = 13,262

posted 17:15 20 aug

the buy pivot did a splendid job today

 

[SuddenDeath]

No, I'll look into it.



Okay. I've ignored stocks so far but I may have a look at those now.


BTW I don't know whether the day chart is a bullish or bearish flag. I think I need a good chart higher than monthly (two monthly/quarterly?) to make a decision.

looks bullish over last 5/6 days

 

[SuddenDeath]

this is a weak dollar rally

 

[Splitlink]

I caught this reversal, beautifully. I put an order to sell at 1630 for 5861.5 and it was filled before I had finished noting it in my log.

I used a horizontal line-5868- on the 2 hour chart and it is what Oscar would call a mirror reversal. I've had them before but not on such a large TF.