Anyone scalping the FTSE Futures??

This is a discussion on Anyone scalping the FTSE Futures?? within the Indices forums, part of the Markets category; DAX daily did break the tredline its 13 200 that can give some resistance but if over then ATH i ...

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Old Dec 8, 2017, 12:57am   #84097
Joined Jul 2004
DAX daily

did break the tredline

its 13 200 that can give some resistance but if over then ATH

i dont think this is a head and shoulder reversal
in strong uptrends you get this formations and its often a continuation pattern
If/when over the right shoulder (13 200) then its a failed HS reversal

the first sign of a failure is the broken trendline

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Old Dec 8, 2017, 8:54pm   #84098
 
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what's second sign of failure
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Old Dec 8, 2017, 9:01pm   #84099
 
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the last 40mins of a friday can be the most interesting. or the most boring of the week
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Old Dec 8, 2017, 10:48pm   #84100
 
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Quote:
Originally Posted by kalott View Post
DAX daily

did break the tredline

its 13 200 that can give some resistance but if over then ATH

i dont think this is a head and shoulder reversal
in strong uptrends you get this formations and its often a continuation pattern
If/when over the right shoulder (13 200) then its a failed HS reversal

the first sign of a failure is the broken trendline

I'm not a fan of oblique trend lines because they can be quite subjective and are also an extrapolation. I much prefer using horizontal levels - less subjective and fixed...more people are looking at them!
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Old Dec 8, 2017, 10:59pm   #84101
 
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obliques can be gamed, the horizontal, well pretty much...horizontal. it is what it is
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Old Dec 11, 2017, 12:28am   #84102
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Last week the NZDUSD went back and forward without any clear direction but closed in the green, in the middle of the weekly range, in addition managed to close within the previous week range, which suggests being clearly neutral, neither side is showing control.
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Old Dec 11, 2017, 12:33am   #84103
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After years of crossing a long and winding desert the EU economy is finally displaying strenght beyond QE. The EU stock markets are not yet reflecting this new reality but they will.
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Old Dec 14, 2017, 2:03am   #84104
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European markets closed today’s session with losses, albeit contained. Today’s sentiment was fundamentally marked by the expectation of the FED meeting that ends today (but the outcome will only be known after the closing of European exchanges), as well as the ECB meeting scheduled for tomorrow.
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