Anyone scalping the FTSE Futures??

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Old Sep 9, 2012, 8:37am   #13681
Joined Mar 2012
Re: Anyone scalping the FTSE Futures??

Hi Boys and Girls

China CPI always hard to read a market reacation.
AUD may gap lower, EUR may gap higher.
Japan data the market mover for Monday.
Song I heard this weekend, RIP Laura.
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Last edited by bustech; Sep 9, 2012 at 8:48am.
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Old Sep 9, 2012, 12:13pm   #13682
 
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Re: Anyone scalping the FTSE Futures??

[QUOTE=bustech;1962744]Hi Boys and Girls

China CPI always hard to read a market reacation.
AUD may gap lower, EUR may gap higher.
Japan data the market mover for Monday.
Song I heard this weekend, RIP Laura.


thats a great song Bustech
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Old Sep 9, 2012, 8:28pm   #13683
Joined Aug 2011
Re: Anyone scalping the FTSE Futures??

Quote:
Originally Posted by et. View Post
Yay, it dropped slightly.



After 11 it was pretty much impossible on any timeframe other than 1 min. Sometimes 1 min has advantages because gaps are more frequent - and gaps show S/R levels and breakouts.

Using stop of 6 point:

+ 40 in the morning
-/+ ? after 12. I got a bit confused and stayed 'out'.
+ 30 since 3:30
+ this bear move

-/+ £0 because I'm not trading.

Here was my basic strategy.

When price hits new high/low it retraces to an S/R level in the trend and rebounds. If there is no obvious S/R level in the pullback then it will reach new high/low until it finds one - presumably because if traders don't observe any roadblocks to the trend they will keep entering with the trend. Eventually the price reverses through an S/R level and continues until it reaches the next S/R level and then rebounds. How far it rebounds depends on whether there are obvious S/R levels in the pullback. Sometimes it can rebound over 100% AFTER it has broken an S/R level for a reverse. Also zig-zag does not tell you what the trend is.

There's even more to it than that.

If this was easy or always 100% to textbook I'd be doing it right now for money. I'm getting better at it though.

Don't know how far this current bear move will go, though it did break range lower. switching off now though.
am i reading this right et is that +70 for the day? how many trades would that be?
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Old Sep 9, 2012, 11:06pm   #13684
Joined Aug 2011
Re: Anyone scalping the FTSE Futures??

selling pressure on fri ?
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Old Sep 10, 2012, 6:46am   #13685
 
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Re: Anyone scalping the FTSE Futures??

Morning all...........
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Old Sep 10, 2012, 6:54am   #13686
Joined Mar 2012
Re: Anyone scalping the FTSE Futures??

Morning All
Morning jungerns
BHP -0.25%
RIO + 4%
Asian markets mixed.
Very flat, hard to get a lead for the FTSE from this part of the world
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Old Sep 10, 2012, 7:14am   #13687
 
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Re: Anyone scalping the FTSE Futures??

Morning
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Old Sep 10, 2012, 7:24am   #13688
 
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Re: Anyone scalping the FTSE Futures??

morning jungerns , bustech, htw
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