Anyone scalping the FTSE Futures??

[dc2000]

currently 1.5% below the low target upper still in play

Tomorrow is key

FTSE needs to print 5096

DOW needs to print 10898

 

[DaddyJohn]

I have closed all longs... I am going see what levels hold today...I still feel this is engineered...nobody on the airwaves was able to explain the sell off on the US banks yesterday . But I worry they know something we don't.

 

[samirs]

I have closed all longs... I am going see what levels hold today...I still feel this is engineered...nobody on the airwaves was able to explain the sell off on the US banks yesterday . But I worry they know something we don't.

Smart move....wait and watch....what are the early indications today.....

 

[motion100]

US banks is on back of MS CDS (closed 100bps wider in us session yesterday) this is taking the others down with it.

all came from an article stating the GROSS exposure to EU banks.

 

[MartinC-J]

The fact that no one is totally sure what caused the sell off makes me believe it was engineered. We had pretty good ISM data yesterday that failed to spark a rally. 2 months ago, a bad ISM number was credited for a massive drop. So who do you believe?

The ES did not bounce over night, which should mean more down early, but possibly a quick reversal too. Can't assume anything, just trade what you see.

 

[wallstreet1928]

I am still trading and these are the trades that were sent to my loyal people today

date Tue, Oct 4, 2011 at 4:39 AM
subject I am long nasdaq from 2070 and FTSE from 4966
mailed-by googlemail.com
hide details 4:39 AM (3 hours ago)
long nasdaq upto 2050

avg = 2060

stop loss = 2000

tgt = 2120 , 2150


long ftse upto 4926

avg = 4946

stop loss = 4846

tgt = 5046 , 5100, 5150


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i am sending email to take profits of + 100 and call it a day

thats + 200 for the week so far

day 9 and i still have 100 % accuracy

:smart:

 

[Dick Lexic]

well it might be that the US is over reacting to greece and/or using this opportunity to drive the markets down for a bit of buying. but no bull for me unless we go back over 89/150. 4960 area looking likely again so maybe a double bottom here.

is it nfp time again on friday?

nothing like a nice double bottom in the morning

hope she holds

 

[wallstreet1928]

nothing like a nice double bottom in the morning

hope she holds

she will certainly hold

bottom is in for short term ..then armageddo part 2 as stated in my analysis !!

this whole move higher = short covering bounce = temporary

last chance saloon

then we fall hard

the bounce should take us up maybe a week or 2 weeks !!

 

[wallstreet1928]

I would also like to add

the scary thing about this next sell off = Gold rally ......unlike the recent convergence of Gold with equity market!!

It will be a sell off on FEAR , pure FEAR and PANIC = flash crash after flash crash

 

[dc2000]

anyone fancying 4996 to 5096 as an easy play?

 

[Dick Lexic]

i am sending email to take profits of + 100 and call it a day

thats + 200 for the week so far

day 9 and i still have 100 % accuracy

:smart:

ws are you out of the market at the moment or in?

 

[dc2000]

dont ya just hate pollution

time to go green

 

[dc2000]

130 points init remember I'll just take the 100 out of the middle

maybe not as I type taken the 4958 aswell looking for 5096 and off out for the day

 

[wallstreet1928]

ws are you out of the market at the moment or in?

I am out after covering for + 100 on nasdaq and FTSE

My bias remains bullish and I will look to get in soon


one argument to support bottom(there are numerous more)

1. bottoming tail on copper weekly chart @ key support

We will rally for now .......until friday !!

 

[wallstreet1928]

ws are you out of the market at the moment or in?

re-entering long ftse from here

4958 upto 4930 if need be

avg = 4945 region

stop loss = 4850

tgt = 5050 , 5100

 

[DaddyJohn]

FTSE Futures... some noce profit this morning on short positions out at 4914... will not turn bullish until we are back over 4943/ 51 --- possible lowside today in my view of 4889 - which we just nearly touched.. if we get through this then possible low of 4851

 

[DaddyJohn]

FTSE Futures... some noce profit this morning on short positions out at 4914... will not turn bullish until we are back over 4943/ 51 --- possible lowside today in my view of 4889 - which we just nearly touched.. if we get through this then possible low of 4851

Post above meant for scalpers

 

[Dick Lexic]

re-entering long ftse from here

4958 upto 4930 if need be

avg = 4945 region

stop loss = 4850

tgt = 5050 , 5100

is you stop loss always around 100 points?

 

[wallstreet1928]

I teach every new student to become a Sophist like Aristotle and Plato, in order to achieve consistency and success as a day trader

day trading is all about how many arguments you have in order to take the trade

argument no 2 for short term bottom

UUP has a pending Golden cross and this will cause Armageddon part 2

but for now it needs to consolidate hence US dollar pull back and equity market short term bounce ......before the next hard sell off !!

 

[wallstreet1928]

BSky B getting shafted today ...-4% due to

bbc5live BBC Radio 5 Live
by philmcnulty
BREAKING: Portsmouth landlady Karen Murphy wins her case against the Premier League in the EU court -huge decision re: football TV rights