Anyone scalping the FTSE Futures??

*************************************** Alert Announcement ******************************************

From today all price action will be bought to you from the committee to re-elect Obama
 
SuddenDeath said:
*************************************** Alert Announcement ******************************************

From today all price action will be bought to you from the committee to re-elect Obama
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Unfortunately Obama has engaged Tuk and Nancy on his Campaign Committee who are currently educating Barack on the true meaning of a Rumble in the Jungle............:innocent:
 
zorbas said:
My opinion is that we are close to the peak, but the downtrend will start two weeks later, after the market has absorbed the corporate Q3 earnings reports.
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Having a look at history.
October is a strong month with a correction in November, before a strong rally in December(santa rally).
In fact October to April is the strongest up period in the market.
Surely we can't get keep going up until April. Then comes the saying sell in May and go away. Fund Manangers summer holidays.
Mind you we had a stock market crash in October 2008.
jungern will love the numbers attached.
Now i'm confused long or short:confused:
History lesson over.:)
 

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bustech said:
Dick's back.
Been so quiet without you.
And we all love you to.
You been missing the FTSE bulls taking control.
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hi bus, just messin around as usual...you bullish?

hong kong seems to have a green light....but it's a new index to my analysis :)
 
Dick Lexic said:
hi bus, just messin around as usual...you bullish?

hong kong seems to have a green light....but it's a new index to my analysis :)
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Had a go at shorting the ASX last week but got rolled.
So if you can beat them, join them.
Next week looking to buy the dips, only thing is that its becoming a very lazy trade.
Hong Kong is a leading market and could decide if we all go higher.
At the top of the range at the moment.
Also China been closed for a week and back on line on Monday.
 
The view from Chris Vermeulen:

Over the past year we have had some really interesting things unfold in the market. Investing or even swing trading has been much more difficult because of all the wild economic data and daily headline news from all over the globe causing strong surges or sell offs almost every week.

For a while there you could not hold a position for more than a week without some type of news event moving the market enough to either push you deep in the money or get stopped out for a loss. This has unfortunately caused a lot of individuals to give up on trading which is not a good sign for the financial market as a whole.

The key to navigating stocks which everyone thinks are overbought is to trade small position sizes and focus on the shorter time frames like the 4 hour charts. This chart is my secret weapon and giving you both large price swings which daily chart traders focus on while also showing clear intraday patterns to spot reversals or continuation patterns with precise entry/exit points.

While I could ramble on about why the stock market is primed for major long term growth from this point forward I will keep things short and simple with some 4 hour and daily charts for you to see what I see and what I am thinking should unfold moving forward.

Keep in mind, the most accurate trading opportunities that happen week after week are the quick shifts in sentiment which only last 2-5 days at most which is what most of my charts below are focusing on…

Dollar Index – 4 Hour Chart

This chart shows a mini Head & Shoulders reversal pattern and likely target over the next five sessions. The dollar index has been driving the market for the past couple years so a lower dollar means higher stock and commodity prices.

Bond Futures – 4 Hour Chart

Money has been flowing into bonds for the past couple weeks with most traders and investors expecting a strong correction in stocks. As you can see the price of bonds hit resistance this week and as of Thursday has now started selling off. Money flowing out of this “Risk Off” asset means money will move to the “Risk On” investments like stocks and commodities.

Gold Futures – Daily Chart

Gold is stuck in both categories in my opinion. It is a “Risk Off” safe haven when people are scared of falling stock prices, and it is also a “Risk On” speculative investment when people are feeling good about the market. Gold has been trading at key resistance for a couple weeks and looks as though it’s starting its next rally.
 

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Morning All and SD

BHP -0.21%
RIO -0.24%
Sydney is closed, clock changes(1 hour forward) at the weekend.
Asian markets down, Japan closed for Health-Sports Day.
See if the FTSE follows Asia and keeps selling.
 
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