Anyone scalping the FTSE Futures??

This is a discussion on Anyone scalping the FTSE Futures?? within the Indices forums, part of the Trading Choices category; Originally Posted by Pete501 Is DAX better to scalp than than the FTSE? Each to their own. Personally, I found ...

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Old Nov 3, 2012, 10:12am   #17169
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Is DAX better to scalp than than the FTSE?
Each to their own. Personally, I found FTSE scalping really hard. My tighter stops (say up to 5 points) were taken out quickly. Wider stops meant higher target profits as well and FTSE did not seem to hit my TPs, but reversed very often just 1-2 points short.

DAX is more volatile. Most of my scalps are with SL and TP of 10 points (less would be rather useless with my small stakes) and it seems to be easier to hit 10 points on DAX. It also seems to trend better. E.g. if I see a red candle on a specific timescale, there is higher chance for a repeat than on FTSE. Also, RSI can get to extremes on DAX which makes it easier to go the opposite way. I am no sage, though, this is just my opinion and I trade with a small account.
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Old Nov 3, 2012, 10:58am   #17170
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Each to their own. Personally, I found FTSE scalping really hard. My tighter stops (say up to 5 points) were taken out quickly. Wider stops meant higher target profits as well and FTSE did not seem to hit my TPs, but reversed very often just 1-2 points short.

DAX is more volatile. Most of my scalps are with SL and TP of 10 points (less would be rather useless with my small stakes) and it seems to be easier to hit 10 points on DAX. It also seems to trend better. E.g. if I see a red candle on a specific timescale, there is higher chance for a repeat than on FTSE. Also, RSI can get to extremes on DAX which makes it easier to go the opposite way. I am no sage, though, this is just my opinion and I trade with a small account.
S&p not so volatile also less margin
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Old Nov 3, 2012, 5:10pm   #17171
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I used to Scalp the FTSE a few years ago with capital spreads (after a few weeks they made it near impossible). It was so easy to make 20 points, was usually finished by 8.15. Now sometimes it doesn't even move 20 points all day. I still use a spread betting firm but it still mirrors the futures quite close
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Old Nov 3, 2012, 5:13pm   #17172
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Re: Jungerns: I cant reply to your message until my posts get to 15.
I'm using Dealbook 360 but if I'm out in the morning I use IG Index on Ipad, you can use 2 charts on it and it doesn't lag like Dealbbok for Ipad
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Old Nov 4, 2012, 5:50am   #17173
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S&p not so volatile also less margin
Eh?

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Old Nov 4, 2012, 7:13am   #17174
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Don Coxe has more than 40 years of institutional investment experience in Canada and the US. He is Strategy Advisor to BMO Financial Group. His investment journal, Basic Points, published since 1992, and his conference calls are distributed exclusively for their clients in North America, Europe and Asia.

Mr. Coxe has consistently been named as a top portfolio strategist by Brendan Wood International; in 2011, he was awarded a lifetime achievement award and he was ranked number one in the 2007, 2008 and 2009 surveys. Mr. Coxe maintains a highly visible presence in the business community as an advisor to Boards, and speaker for business conferences and industry events.

audio interview(mainly gold, gold miners and bond markets)

Donald Coxe

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Old Nov 4, 2012, 5:49pm   #17175
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US NFP
Headline figure was good, but the devil was in the detail.
Reports from the US that this caused the sell off in the US markets on Friday.

Wage growth in D.C. below national average for first time in a decade - Washington Business Journal
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Old Nov 5, 2012, 12:46am   #17176
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Morning All
BHP +1.42%
RIO +2.61%
Asian markets slightly down.
ASX and AUD up on better economic data.
DOW underperfomed the FTSE after the FTSE close.
Have FTSE value of 5813 to DOW, current 5846
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