Anyone scalping the FTSE Futures??

bustech said:
Agree with that call, US will sell into strength.
From the floor at the CME, there is no volume in the selling.
So looks like a correction and not a new trend.
Lot of traders sitting on there hands at the moment.
Click to expand...

if the market goes against the shorts we will see a sharp rebound.

sp500 dec +0.5% made almost 20 day low yesterday
 
Here's my thinking on DAX (which might be completely wrong, by the way):

DAX broke my dogdy lower tramline on 9th of October, so I moved it a bit down to match July break and, voila, DAX bounced off the new one and hit the original tramline mid month. Then it broke the new tramline, too.

Also, March high was broken 2nd time, but August high held.

Does this mean anything ? Not sure. I'm looking for a bounce above 7300 at least, unless today is a big dissapointment.

My plan for today is to do one / two scalps aroud GDP number perhaps, job permitting. I am not very good at scalping, by the way, but it's all good fun.

Tomorrow, but only if DAX closes above 7193 today:

- if there is a gap down on open, I will go long to see whether gap will close
- I will have a buy order just above today's high in case we get there.

Of course, it can all change depending on today's action.

Good luck in your trading !
 

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ordinaryguy76 said:
Here's my thinking on DAX (which might be completely wrong, by the way):

DAX broke my dogdy lower tramline on 9th of October, so I moved it a bit down to match July break and, voila, DAX bounced off the new one and hit the original tramline mid month. Then it broke the new tramline, too.

Also, March high was broken 2nd time, but August high held.

Does this mean anything ? Not sure. I'm looking for a bounce above 7300 at least, unless today is a big dissapointment.

My plan for today is to do one / two scalps aroud GDP number perhaps, job permitting. I am not very good at scalping, by the way, but it's all good fun.

Tomorrow, but only if DAX closes above 7193 today:

- if there is a gap down on open, I will go long to see whether gap will close
- I will have a buy order just above today's high in case we get there.

Of course, it can all change depending on today's action.

Good luck in your trading !
Click to expand...

we have a wonky tramline on the ftse as well:LOL:

think we need hinge & bracket (s&p) to join in the fun:)
 
It’s up 1 per cent in the three months to September. No wonder he was smiling…

The market was expecting a 0.6 per cent quarter on quarter bounce following nine months of contraction.

Now we just have to await the revisions… keeping in mind this figure comes with added Olympic complexities…

paul murphy FT

Those UK GDP figs… | FT Alphaville
 
TrendLines said:
Hi everyone, new here. I'm using Finspreads to trade ftse cash market, ususally shorting it.
I can't seem to find the dollar index on this platform, as I want to hedge my position with the ftse
trades I do. Ftse goes down the dollar index goes up and vice verse.
Click to expand...

Hi trendlines

Don't use finspreads, but may need to contact them for the data feed.
Been told some SB companies don't show it without approval first, no idea why.

Catch everyone Friday, got a book to read.
 
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