Anyone scalping the FTSE Futures??

Morning all. My 5789 was unhelpful. It's like my 5785 call last week which faked and left me scratching my head. Later, the price reversed then blew through resistance levels to hit 5789 - twice, suggesting it had technical significance.

Crazily I now notice the 4 hour candle that fake this time was laid at the EXACT SAME TIME 21:00 - 1:00 and is the EXACT SAME SIZE and SHAPE (sorry for these all caps, getting excited here) at the exact same level.

23/08/12
O 5764.8
C 5772.9
H 5774.6
L 5764.8

28/08/12

O 5763.9
C 5771.8
H 5773.6
L 5763.8

Both candles were followed by a bearish indecision candle. Weird or what. Does this suggest 5789 still has technical significance? I don't know!

Edit: I decided the last one faked because it was not in a region of S/R at that timeframe. I suppose you could say the same about this one. I had thought the preceding volatility meant there was support but obviously not significant enough.
 
Last edited:
et. said:
Morning all. My 5789 was unhelpful. It's like my 5785 call last week which faked and left me scratching my head. Later, the price reversed then blew through resistance levels to hit 5789 - twice, suggesting it had technical significance.

Crazily I now notice the 4 hour candle that fake this time was laid at the EXACT SAME TIME 21:00 - 1:00 and is the EXACT SAME SIZE and SHAPE (sorry for these all caps, getting excited here) at the exact same level.

23/08/12
O 5764.8
C 5772.9
H 5774.6
L 5764.8

28/08/12

O 5763.9
C 5771.8
H 5773.6
L 5763.8

Both candles were followed by a bearish indecision candle. Weird or what. Does this suggest 5789 still has technical significance? I don't know!
Click to expand...
Well I certainly don't........:(
 
the equity markets seem to be slowly falling as money piles into risk free gov bonds, and also into protection for portfolios, by buying VIX, 8 days of higher lows
 
FTSE cash = future +6

so a big number on futures would be 5700 so 5706 (fut +6) would be big level imho. just as 5757 was ig cash level earlier days

the cash ftse bounced from the 5757 level 3 separate days, before breaking
 
innoz said:
morning all, Bus may you please talk more about your observation in Yen and the stock market?
Click to expand...

The "Aussie-Yen" (AUDJPY) is a very useful leading
indicator of the stock market and shows what hedge
funds are up to.

Hedge funds will move money into the YEN when reckon the market is not going higher or overpriced. Can also look at SGD/YEN and used to be able look at the EUR/YEN before the Euro problems.
Dont forget also that hedge funds are short term players 4 to 12 weeks.
 
SuddenDeath said:
assuming asx200 is closed these are levels for Friday

Buy 4341.4
Sell 4337.4
Click to expand...

Morning SD

Rather look for levels to buy on Friday.
Get to those levels and I would look to be selling.
Need to be carefull not to hold shorts at the close, the div payment forecast 12.5

Thanks for the pivots, great help and confirm the work I do each day.(y)
 
JJC Copper ETF testing neckline
 

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