WHAT 'YOU' THINK FTSE WILL DO TOMORROW + WILL BE AT 12PM?? !(Update every evening)!

[spanish89]

IF YOU JUST WANT TO QUICKLY FINDOUT THE LATEST PREDICTION FOR THE NEXT DAY OF THE FTSE 100 THEN PLEASE JUST SKIP STRAIGHT TO THE LAST POST BY CLICKING THE LAST PAGE TAB!!


(And if you and helful and generous enough could please bookmark this page into your favourites, and so then come back here and post in this topic between 5 - 8pm every evening whether you think that on the next day of trading the FTSE 100 will be lower or higher at 12pm than its opening value??
And by roughly how may points??


Aloha people.
Ok im not an expert on the stock market or anything like that, i have only been trading consistently for 2months now, and due to a few foolish bets im down about -£150total, having lost about £400 total, but then earnt back £250.



I only use the BetOnMarkets and BinaryBets trading platforms, and i usually now only focus on the Ftse 100, although sometimes the Dow if its clear its going to crash.


1.On BetOnMarkets i normally use the 'Double touch' for 10days, Super double in the early/mid morning if i feel that the market will fall till atleast 11, and sometimes 1touch+combined with a no touch) moderately higher or lower than the touch value i set), but not so far that i wouldn't make juicy enough profit if the market didnt touch my 1touch, so i would still atleast win the no touch.


2.On the Binaries platform i now only really trade on the Ftse (Next day 12pm value).

The main stratergy i use is that 'The last 2 1/2 hours of the Dow the previous day, will be almost identical to the 1st 2 1/2 of the Ftse the next day.
(Go to the Ftse 5days chart on yahoo stocks, compare it to the Dow, and you can see clearly see this pattern).

However this leaves me with a big problem as how to know if the Ftse will remain below or above that barrier after about 11am until 12, and so i dont know whether i should just sell it for as much profit as possible between 10.30 and 11, or if i should wait it out...
(Especially when i cant be at home infront of laptop screen to monitor and sell in emergency!!)



So in this topic please can everyone who's happy to share their tips like i have say the main websites that they use for ''pre-market news'' on the Ftse the evening before??

OR

More importantly can you simply reply to this topic with just 1 sentence saying:
Whether you think that on the next day of trading the FTSE 100 will be lower or higher at 12pm than its opening value??
And by roughly how may points??



(And if you and helful and generous enough could please bookmark this page into your favourites, and so then come back here and post in this topic between 5 - 8pm every evening whether you think that on the next day of trading the FTSE 100 will be lower or higher at 12pm than its opening value??
And by roughly how may points??


Thanks

 

[tomorton]

I find this a difficult timescale to work as different mechanics are at work at different times on the FTSE.

I find it quite simple to predict the early action of the FTSE based on the divergence that develops after the FTSE close at 1630. It usually tries to perform a straightforward re-adjustment to return to its relative value to the Dow. But sometimes it achieves this within minutes of the open at 8. If I miss this for a manual close I set a stop-loss to catch a reasonable move and find this usually gets me out by 10. I find I cannot accurately predict FTSE price action for the next trading day for the hours after the catch-up action has completed. I do sometimes trade later into the day on the FTSE using pre-set buy or sell orders but normally only by placing both buy and sell orders and hoping for one or other to be hit, but this is crude.

Longer-term, I use swing charting and this is accurate enough over 3-10 days but not reliable for intra-day trades.

 

[Splitlink]

This cannot be done the previous day. I have been following "Swinging Footsie" since the beginning and, like all forecasts, there are lots of ifs and buts. These, as tomorton says, sort themselves into a trend over a few days, but to tell how the index is going to trade the next day is based on opinionated, not factual, evidence.

Many times the index will do one thing in the morning and reverse in the afternoon. Only by trading at the time is it possible to make a profit intra day.

Split

 

[arabianights]

I can tell you exactly where it will be tomorrow.

On Monday my guess is about 70 points down at noon and 100 up at close. However my track record with these predictions is no better than chance and you would be a fool to wager money based on my opinion.

 

[shadowninja]

Is it at all possible to place bets on the general (up/down) direction at the end of the day and generally get it right if you swing trade?

 

[grantx]

Low around 5650, close around 5750.

How do I know - I "know" people.

Grant.

 

[Splitlink]

Is it at all possible to place bets on the general (up/down) direction at the end of the day and generally get it right if you swing trade?

It could gap up 100 points, go down 80 and, still be up on the previous day's close so, if you entered first thing, you would lose money.

 

[Crap Buddist]

Good job the thread starter wasnt born in 1969, that could of got the tongues wagging even faster good lord....

ohhh going down for lunch on monday.

 

[Crap Buddist]

then might be getting up by lunch on tuesday.

 

[Crap Buddist]

then quite frankly, the gentlemans weekend begins on wednesday.... :clap:

 

[spanish89]

I was also thinking that it would open lower and then fall lower on Monday due to the Dow 300point crash on friday, and the value of usd against other currencies currently.

But i wasnt sure how long it would last for thoigh and how low it would go, before someone decided the was now optimism anddecied to start a buying frenzy that would up the price, and what the data being released on monday would be and the effect it would have on market.

I cant be at home infront of my laptop on minday due to college, and so i dont want to risk on binaries as i cant sell it if the market starts to go against me.

But so im going to make a 1-touch bet combined with a no touch on BetOnmarkets that the market will touch 5817, but wont touch 5700.

 

[stevespray]

If I can just throw in my two pennies worth....

My opinion is that it is pretty much a waste of time trying to win on the binaries with outright predictions of market directions unless you have a methodology which has a huge edge. Having said that, if you have such a system them you could well be better suited to using its methodology trading ‘traditional’ instruments rather than Binary Bets. I say that because Binary Bets have highly restrictive bet conditions such as a ) the strike , b ) the expiry time. These two factors alone will water down any edge in many cases.

In my opinion the key to trading Binary Bets (BBs) is more about managing open trades than predicting future market movements. By doing this potential ‘mis-pricing’ by the firms can be advantaged by clients already in positions. It is in effect turning the tables on the firms which price the bets. When they price the bets THEY are speculating on the levels of future volatility (more than the price itself). The volatility is the important factor in terms of how the firms make their money.

My guess is that you will be better off spinning a coin + managing positions rather than guessing market direction.

Just my thoughts on the matter.
Steve.

 

[spanish89]

Aloha yeah taht is what i usually try to do..

E.x
In the evening i try to workout which way the market is set and predicted to go (Both by the market analysists news and by the last 2hours of the Dow).

Then i buy contract at about 30-35points per £1 that the Ftse will be down/up more than 30points or less than 30points if i think it will be a flat open.

And so the next day if the market does as predicted and opens lower and keeps going lower as 12 approaches i will usually sell it when it reaches 80-90points per £1, (unless its a huge margin in favour of my bet when then i can just sit back and watch it out till 99/100points per £1).


And if the market does go against the predictions though and and at 10/11am its quite a margin off my bet (i would be watching market and would sell of sooner if it was steep incline or downfall against me), so atleast this way i could cut my losses.


And also if at about 8.30 i can see the market is heading for a down trend for atleast the next 1hour i will make a super double bet on BetOnMarkets that the market will fall 2x in a row at 20minute intervals over the next 1 t 2hours.
And the is is a set 300% profit, so when i bet £25, i will make £75 profit!

 

[spanish89]

Ive taken the advice from a few people in here on the various forums on here...

And ive now signed-up and am going to start trading semi-professionally using daily spread-betting instead of binaries,
as when using spread betting platforms (TradIndex is the 1 i like), i can set a stop-loss at about £20-£30, but can earn basically unlimited profit!!


And i dont have to be restricted by any pre-bet odds or time frames, with still only limited profits if i ''win''.
Instead now i can trade exactly when i want at what ever level i want, and then sell at what ever profit level im happy with at any time of the day, instead of having to wait till preset times and try ''winning'', and risking £35 -£40 just to win £60 profits!!

 

[spanish89]

(ive moved this topic to the Ftse 100 forum in)

 

[gooseman]

do use guaranteed stops or look at what data is due out in the day? You could be setting yourself up for an almighty loss if you are only trading in single legs....

 

[Flash-Flash]

To Profit or not to Profit

Aloha yeah taht is what i usually try to do..

E.x
In the evening i try to workout which way the market is set and predicted to go (Both by the market analysists news and by the last 2hours of the Dow).

Then i buy contract at about 30-35points per £1 that the Ftse will be down/up more than 30points or less than 30points if i think it will be a flat open.

And so the next day if the market does as predicted and opens lower and keeps going lower as 12 approaches i will usually sell it when it reaches 80-90points per £1, (unless its a huge margin in favour of my bet when then i can just sit back and watch it out till 99/100points per £1).


And if the market does go against the predictions though and and at 10/11am its quite a margin off my bet (i would be watching market and would sell of sooner if it was steep incline or downfall against me), so atleast this way i could cut my losses.


And also if at about 8.30 i can see the market is heading for a down trend for atleast the next 1hour i will make a super double bet on BetOnMarkets that the market will fall 2x in a row at 20minute intervals over the next 1 t 2hours.
And the is is a set 300% profit, so when i bet £25, i will make £75 profit!

Would you be willing to share your results ?