Anyone scalping the FTSE Futures??

metrader said:
Me too - looking at s&p and dow (at this time dax follows them closely)
Click to expand...

I have to close it here - it's 3% of my account

Also s&p doesn't look that healthy (daily chart looks horrible) - doesn't justify leaving it open and risking more🙄
 
DAX gains for the year gone.

DOW left with 4.82% gain

Any upset in Japan elections would cause a major market fall on Monday.

Shinzo Abe should get back in, should be good for markets, or give you something to sell into.
 
12WBT said:
DAX gains for the year gone.

DOW left with 4.82% gain

Any upset in Japan elections would cause a major market fall on Monday.

Shinzo Abe should get back in, should be good for markets, or give you something to sell into.
Click to expand...

Those Fund Managers that squared positions early in Dec are the clear winners here and if that's the case, must have contributed to the declines, lack of buying. Also we are only part way through the month....this could get ugly yet !

Pesky Hindenburgers...ya just can't trust em !!
 
Trading was marked by the reaction of European investors to economic data in China whose industrial production was below expectation. Investors are giving attention to the evolution of oil prices and the political situation in Greece.

Oil price remains under pressure hitting new lows.

The main point of Thursday's session was the loss of much of the recovery achieved during the first hours of trading. Apparently, the mentality of buying the dips would prevail and investors were taking advantage of the fall of the previous day to buy shares in the expectation of a final rally of the year, however, the last hours of trading showed a lack of conviction from buyers. The news that Democrats and Republicans could not reach an agreement in respect of public expenditure plan led many investors to sell. The deadline for agreement was ending at midnight but was finally reached. Still, the future of US indices traded low before the European opening.
 
price action on Friday
1 min data
downtrend into consolidation
green is where there was a possible area for a bounce
it bounced a bit
note the yellow pivot line..bias changed when that failed
down into the close
1j84tl.gif
 
a look at 15 min data
spx had 2 down moves..purple and red/thick line
it rallied on friday at green line
rally got taken out at yellow which was prev supp
no real sign of a base as yet
Fed next week..so a rally might be possible

10rl24w.gif
 
Spx index 60 min data

2cgf24p.gif


do we bounce from that horizontal support ??? Yellow
2022 prev supp..could be res..aqua
2040 trend res/red
thinking that market wants to reassess the move down..but bias can change as per friday afternoon.I always keep to p/f signals rather than call levels.much safer in this volatility..
 
Last edited:
tar said:
Japanese election exit polls have Abe’s ruling coalition party to win 327 seats in the Lower House

Abe’s coalition to win/maintain a two-thirds majority but fails to win a “super majority” for his own Liberal Democratic party


http://www.forexlive.com/blog/2014/...on-party-to-win-327-seats-in-the-lower-house/
Click to expand...

Does it even matter who wins what in Japan. The whole country is economically bolloxed anyway and lets not even get started about the funny money printing.
 
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