Anyone scalping the FTSE Futures??

This is a discussion on Anyone scalping the FTSE Futures?? within the Indices forums, part of the Markets category; Originally Posted by et. It's broken lower! I will never make another trend prediction ever. Nothing wrong with predictions -it's ...

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Old Sep 19, 2012, 2:41pm   #14465
 
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Re: Anyone scalping the FTSE Futures??

Quote:
Originally Posted by et. View Post
It's broken lower! I will never make another trend prediction ever.
Nothing wrong with predictions -it's how many you get right that matters
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....Indicators show the past. Price Action "Indicates" the future.
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Thanks! The following members like this post: jungerns
Old Sep 19, 2012, 2:42pm   #14466
et.
Joined Mar 2012
Re: Anyone scalping the FTSE Futures??

Price now on the 4hr bullish trendline. I have next support at 5856, if it gets there. It's not a prediction it will.

Edit: there was some support at 61 which went 7 points so I'd guess the support c5856 will be greater.
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The trend shines ahead a light which shows the wall, where it has to turn back. But the torch can be turned by a higher power before it gets to the wall and the light will shine on a different wall.

LT outlook: FTSE to preliminary 7500 with possibility of flash crash to 4500 first (last updated: 14/09/2012).

Last edited by et.; Sep 19, 2012 at 2:53pm.
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Old Sep 19, 2012, 3:11pm   #14467
et.
Joined Mar 2012
Re: Anyone scalping the FTSE Futures??

5860. It was a higher chart S/R level. On 1 min I could see it was over-bought and about to turn. Need to respond to timing signal.

This most recent method is providing decent signals but it needs tweaking at the timing chart level as you get close to the price.

I'm going to be off chart for few hours now. Haven't had lunch yet. Doesn't take that long to have lunch, also need to go out.

Have a resistance c5918 were it to go that far.
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The trend shines ahead a light which shows the wall, where it has to turn back. But the torch can be turned by a higher power before it gets to the wall and the light will shine on a different wall.

LT outlook: FTSE to preliminary 7500 with possibility of flash crash to 4500 first (last updated: 14/09/2012).
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Old Sep 19, 2012, 4:38pm   #14468
 
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Re: Anyone scalping the FTSE Futures??

FTSE close Dick Lexic's 5888
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Old Sep 19, 2012, 4:56pm   #14469
 
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Re: Anyone scalping the FTSE Futures??

Where are we et...........??

Long or Short....5893 ?? What I'm looking at is screaming Short ??
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Old Sep 19, 2012, 5:04pm   #14470
Joined Mar 2012
Re: Anyone scalping the FTSE Futures??

Volume has dried up on the US markets. Looks like more sideways action
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Old Sep 19, 2012, 5:15pm   #14471
 
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Re: Anyone scalping the FTSE Futures??

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Originally Posted by begeegs View Post
Volume has dried up on the US markets. Looks like more sideways action
Been the same for some weeks late afternoon/evening apart from some occasional flurries......
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Old Sep 19, 2012, 5:36pm   #14472
et.
Joined Mar 2012
Re: Anyone scalping the FTSE Futures??

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Originally Posted by jungerns View Post
Where are we et...........??

Long or Short....5893 ?? What I'm looking at is screaming Short ??
I also had a possible pullback S/R level at 5894.

The main resistance level c5918. IF IF IF IF we get there.

Doesn't seem to be any specific candle S/R level in the previous price action associated with that number (there was for the ridiculously accurate 5933) so I'm guessing that is approximate, it could be 10 pips either side.

What interests me is what is going to happen next.

I'm uneasy that the pullback did not retrace to a S/R level and only went to 50% rather than 61%. Working hypothesis at some stage we will have to spike down to 61% or the real S/R level, if lower.

Click the image to open in full size.
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The trend shines ahead a light which shows the wall, where it has to turn back. But the torch can be turned by a higher power before it gets to the wall and the light will shine on a different wall.

LT outlook: FTSE to preliminary 7500 with possibility of flash crash to 4500 first (last updated: 14/09/2012).
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