FTSE 100 intraday trading - JULY 2003

[cguesty]

Bonsai,
I think this whole gap has been an underestimate.... with the Dow at 4:30 GMT at about 9260 and then closed at 9113 = 1.6% drop (approx) . With the FTSE close at 4149, that should have roughly translated to 66 point drop to around 4085 ish

 

[bonsai]

cguesty
If you believe that and you are right and expect it to return
to your calcs I thinkyou can trade the difference.

I think Fins offer a trade on the diff.

 

[reactor]

volume on the futures has been really thin throughout the morning. if there is confirmation of support at 4087, it will be a good entry to go long. at the moment the market is nowhere near. it looks like the morning gap is being slowly filled.

 

[oatman]

I'v got 16620 vol at the mo but there was something big on the10.01 1 min. bar with a vol of 8498.

 

[bonsai]

if we are going up, we may not see 4087 for quite a while.
the pick up above 4120 left a higher low in place and that's
good enough for me.

 

[bonsai]

that fib is creating more problems than I thought it would.
this all looks very important ?

 

[bonsai]

tighten your seat belts ?

 

[bonsai]

nice volatility setting in now for the scalpers ?

we may even have another go at the high ?

 

[bonsai]

thought I would put up the d4f chart again.
It almost looks as though you could trade just using this ?

edit
on reflection, you might need to adjust macd so it is slightly faster.
but you can pick your own speeds.

 

[bonsai]

I had thought we might have seen a greater range today
but a refusal to drop seems to be quite bullish ?
But a weekend and a dow close can change everything.

 

[Lambchops]

Bonsai - I like your MACD posting from D4F - I`ve thought for a while that it may be tradeable but I have never trusted the charts from them. To speed it up would you change just the first setting EMA1 or all of them?

 

[bonsai]

Lambchops
without doing the detailed maths on the subject, the MACD
is a plot of the DIFFERENCE between 2 ma's.
so to speed it up, you need to reduce the difference.
but that may not be enough on its own.
and the peaks and troughs vary from day to day
depending on the market.

so you may have to experiment in a quiet moment
when the market is open but towards the end of the day.

the chart I put up is 5min bars so 13ma is 65minutes
or approx 1 hr which is what I usually apply.
but 26ma is equivalent to about 2 hrs which as far as I can tell
is not especially appropriate to ftse on most days.

have a go and see what you can do with it.
I would be interested in hearing the results if you do trade it.

 

[Sledgehammer]

fyi

28 July 2003 07:33:31
Exchange [Liffe] : Exchange message. , Ftse pre-opening call is set as 4145.0

 

[bonsai]

nice push up through the fib
that is why ftse refused to go down on friday.
who says ftse is not a leading indicator ?

 

[reactor]

-3 for me so far today. it's looking very sideways at the moment on the futures market.

 

[reactor]

-7 now. i'm going to observe for the rest of the day.

good luck everyone!

 

[bonsai]

may just want to fill the gap (or most of it) before moving on.
4150 looks like support.

waiting for momentum to come back to zero.

 

[bonsai]

hasnt filled the gap but is flirting with trend line from 4045

If you think there is support at 4150 then its a fairly low risk ?

even if that eventually breaks, there may be profit in it first ?

 

[reactor]

gap has been filled and now the futures is going up.

 

[reactor]

where have all the people that usually post here gone?