Anyone scalping the FTSE Futures??

[Dentalfloss]

Dow futures
5 min data
the latest uptrend from monday morning....green trendlines
p/b now...but the green trendline cluster is where the real support for that trend is
around 13220 area

 

[Dentalfloss]

here is the chart
the two trendlines/cluster to watch

 

[bustech]

Morning All
BHP + 0.68%
RIO -0.62%
Japan falls, BOJ aggressive easing priced.
ASX up strong on a couple of reasons on the day.
AUD/USD divergence breaks below FTSE, first time since first week in October.

 

[SuddenDeath]

good morning bustech, and everyone

FTSE at mid price 5949 , SP500dec implies 5923

 

[Dick Lexic]

another good day for the bulls and nassdaq just showing off now green lights on all today but of course we may go back for a tinsel test dow 13330 looks like a key area I think......

dow did the tinsel test and spoiled the party yesterday but the nasdaq didn't seem to follow the selling for a change... staying above 2660

ftse ...will it ever do 6000? ...pesky bears the monthly chart still looks good for now tho

still time for santa rally?

 

[SuddenDeath]

FTSE at 5960 = Dow +60pts

 

[barjon]

sbs

yes, when the markets are bullish they all rise, but some more reluctantly or more enthusiastically than others. You get more bang for your buck if you are in the exuberantly enthusiastic. eg: for the rise this week you'd have been far better off long in the enthusiastic DOW than in the reluctant FTSE which is about 65 lower than it would have been had it matched the DOW's pace of rise.

That difference will likely even out at some stage and that's what I try to exploit.

zonk!! almost recovered the whole lot in one go overnight. FTSE opened +56 strong vs DOW

 

[Dick Lexic]

i seem to have a gap on my charts at 5950 anyone else?

 

[bustech]

ftse 100 futures
1 minute data
shows the trend that started on monday at 10.30am
all finished now
so....
a p/b or a break upwards tomorrow
a very orderly trend
4 points box size
lookin like a consolidation is now due

Hi dentist007

Thanks for posting always good to see a different approach.

Just out of interest do you scalp with these p/f chart's, i.e say trades under 15 mins.

 

[SuddenDeath]

U.K. retail sales unexpectedly failed to increase in November as demand at department stores slumped the most in almost two years.
Sales including fuel were unchanged from October, when they fell 0.7 percent, the Office for National Statistics said today in London. The median forecast of 22 economists in a Bloomberg News survey was for a 0.4 percent increase. Sales at non- specialized stores, mainly department stores, fell 1.5 percent, the most since February 2011. The strongest growth was in electrical goods, boosted by tablet computers such as Apple Inc. (AAPL)’s iPad.

U.K. Retail Sales Unexpectedly Stagnated in November - Bloomberg

 

[SlowlyButSurely]

Hi guys,

@ Jon, makes sense that you go for the strongest out of the bunch, but do you ever consider dabbling in all of them? That way always catching the strongest of the bunch?

@SD I think gold could certainly drop in 2013, but perhaps not to 1200. If the markets pick up steadily then sure we will see gold decline but with all that is going on with budget cuts consumer spending will likely remain quite docile for now

 

[dc2000]

to quote Curly "Day aint over yet"

 

[SuddenDeath]

FTSE 20pt range with 1 hour to go

 

[Dentalfloss]

13220 area support as we said last night
short down to 13220 area in the morning
then long
then short down to the same area at us open
then long again
out now
off to the pub

 

[ads57]

13220 area support as we said last night
short down to 13220 area in the morning
then long
then short down to the same area at us open
then long again
out now
off to the pub

Looks like this area is going to be tested again. do you think the support will hold ?

 

[Dentalfloss]

2 pints of stell makes you think very clearly.....
will 13220 area hold ???
ugh....dunno
but...there is a mjor trend area sitiing in 13160 area
see the green and light blue trendline in a cluster
4 hour data 23 points by 3 reversal
so if 13220 breaks...then i think we go down to 13160 area
we need to test that trend...just in case it is full of hot air...imho

 

[Dentalfloss]

ftse 100 futures
15 min data showing the trend from 16 november
we are looking at a possible trend break.it is being tested...so we see if the bulls can maintain it
box size =25 points by 1 reversal
probably a consolidation before we get a big move...either way on news

 

[ads57]

2 pints of stell makes you think very clearly.....
will 13220 area hold ???
ugh....dunno
but...there is a mjor trend area sitiing in 13160 area
see the green and light blue trendline in a cluster
4 hour data 23 points by 3 reversal
so if 13220 breaks...then i think we go down to 13160 area
we need to test that trend...just in case it is full of hot air...imho

Thanks. Very interesting analysis.

 

[Dentalfloss]

ahhh...but u got the dow testing a trend on hourly data
it could be a christmas dump not an xmas rally
it is not analysis...all u do is place trendlines on the chart..they then tell you the information

no grey matter needed

 

[Dentalfloss]

Hi Samir
well dax and ftse are more bullish than dow and s & p
dax is the most bullish...dunno why..its all that saurkraut and schnaps
u gotta keep lookin at the dow/spx as a guide at this point...11220 breakdown,then a big test at 11160 area.if that happens dax and ftse will dump aswell...imho
but we could go the other way...up to 11317 area res and maybe 11370 retest..right now the dow is flatlining
so,we as p/f traders take positions on both sides of the consolidation and wait for the break..if it happens.
if we only take one side, and get it wrong,then we usually double up on the other side
so here is the dax
15 min data
uptrend from 16 nov the latest break is the red line at 7640..then we can track the price on the latest uptrend/light blue line..this gives us a minor supp in the 7667 area
the real meat is in the 7640 area...trendlines and prev b/o point