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 MartinC-J This is what I don't get about Taylor. Tuesday was a buy day. Yesterday was a ...

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Old Dec 22, 2011, 11:06am   #4381
 
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Re: Anyone scalping the FTSE Futures??

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This is what I don't get about Taylor. Tuesday was a buy day. Yesterday was a Z day. So today should either be another Z day if we are on a 5 day cycle, or it should be a sell short day if we are on a 4.

If it's a Z, then it should be a low first. If it's an SS, then we should get a high first to sell into. But from my observations this looks like a one way day up to me. Which means we get a slow slog upwards with small candles and a slightly higher high every 20 to 30 minutes or so, with pullbacks usually not much greater than to the 10 EMA on the 5 min chart.

I may be early with my assumptions and the high has been made for the sell short to begin, but I really don't understand how to apply Taylor. I try to be simplistic about it and expect it to happen on demand. Let's see what the next hour gives us.
an SS day can take the form of a slow rise into lunch then fall in the afternoon
the ftse needs to print a price 5491 to complete the three day pattern the DOW on the otherhand 12190 ish, I will also take these prices
The FTSE is on a standard three the DOW isnt quite the opposite the dow needs to print 11952 by tomorrow morning
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Old Dec 22, 2011, 11:08am   #4382
 
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Re: Anyone scalping the FTSE Futures??

with the reversal pattern from day before yesterday now apparently confirmed
I would hope this uptrend would continue through the holiday period
with or without setbacks on the way
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Old Dec 22, 2011, 11:15am   #4383
 
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Re: Anyone scalping the FTSE Futures??

I also like capitulation martin so if FTSE fails to make new high then 5340 and lower comes in to play if it makes a high then only 5370s area
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Old Dec 22, 2011, 11:19am   #4384
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Re: Anyone scalping the FTSE Futures??

MartinC-J started this thread
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an SS day can take the form of a slow rise into lunch then fall in the afternoon
the ftse needs to print a price 5491 to complete the three day pattern the DOW on the otherhand 12190 ish, I will also take these prices
The FTSE is on a standard three the DOW isnt quite the opposite the dow needs to print 11952 by tomorrow morning
Thanks DC. Sometimes it hard to adapt my short term scalper time scales to the long term view of swing trading. That last spike down at 10:05 could be euronews related. If it wasn't then that should negate my one way day scenario, and we should see a 50% retrace to 5496 for a first target.
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Old Dec 22, 2011, 11:26am   #4385
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Re: Anyone scalping the FTSE Futures??

MartinC-J started this thread Looks like it was yet another rumour of a french downgrade, which the market should ignore. If thats the case the slow uptrend should resume. It's really difficult some times to tell eurobabble from genuine moves. That 5 min candle at 10:05 was the second longest of the day. You don't usually get such a big candle at the tail end of a "one way day" morning session.
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Old Dec 22, 2011, 9:58pm   #4386
 
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Re: Anyone scalping the FTSE Futures??

sold again dow and ftse 470 and 175 now just need a drop and a half tomorrow
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Old Dec 22, 2011, 10:00pm   #4387
 
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Re: Anyone scalping the FTSE Futures??

thought we would have seen the 90s onboth into the close
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Old Dec 22, 2011, 10:23pm   #4388
 
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Re: Anyone scalping the FTSE Futures??

close at high
and ES also on the same tack

half day tomorrow
but looks like more to come
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Old Dec 22, 2011, 11:09pm   #4389
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Re: Anyone scalping the FTSE Futures??

I think we are going to have another rally on the Ftse 100 tomorrow due to low volume and some technical barriers being broken however there will be some EU economic data coming out which could dampen things and reverse the markets! Any other views?
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Old Dec 23, 2011, 10:59am   #4390
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Re: Anyone scalping the FTSE Futures??

MartinC-J started this thread I think the boys and girls in the City are starting the Christmas party early. I can't see much happening today. So this seems like a good moment to say a big thank you to all of you who have posted on this thread through the year. I hope we have all learned something, and at the same time have had a bit of company for this somewhat solitary pursuit of trading. I hope you all have a great Christmas, and that we have a rewarding and enjoyable 2012.
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Old Dec 23, 2011, 11:39am   #4391
 
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Re: Anyone scalping the FTSE Futures??

and you too Martin

back in March you said you were trying to cut down the numbar of trades every day

have you had any success ?

or is it your new years resolution ?
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Old Dec 23, 2011, 11:42am   #4392
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Re: Anyone scalping the FTSE Futures??

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I think the boys and girls in the City are starting the Christmas party early. I can't see much happening today. So this seems like a good moment to say a big thank you to all of you who have posted on this thread through the year. I hope we have all learned something, and at the same time have had a bit of company for this somewhat solitary pursuit of trading. I hope you all have a great Christmas, and that we have a rewarding and enjoyable 2012.
Well said Martin
Hard to trade today. I will keep an eye on the markets between Christmas and New Year but i don't think i will trade much.

Hope everyone has a good one.
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Old Dec 23, 2011, 11:45am   #4393
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Re: Anyone scalping the FTSE Futures??

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Originally Posted by MartinC-J View Post
I think the boys and girls in the City are starting the Christmas party early. I can't see much happening today. So this seems like a good moment to say a big thank you to all of you who have posted on this thread through the year. I hope we have all learned something, and at the same time have had a bit of company for this somewhat solitary pursuit of trading. I hope you all have a great Christmas, and that we have a rewarding and enjoyable 2012.
Thank you MartinC and thanks again for starting/maintaining this excellent thread.
Seasonal Greetings to Everyone.
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Old Dec 23, 2011, 12:25pm   #4394
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Re: Anyone scalping the FTSE Futures??

MartinC-J started this thread
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and you too Martin

back in March you said you were trying to cut down the numbar of trades every day

have you had any success ?

or is it your new years resolution ?
I'm afraid its a new years resolution. Some days I am ok, other days I tend to test and scratch, which means lots of small trades. I still overtrade, and need to hold positions longer, but I am a much better trader than the start of the year and that's progress. I am still very much a scalper, but holding winning trades for longer would be a benefit. It also helps to have the likes of yourself and DJ and DC posting here. You have more discipline and longer time horizons, and can maybe bestow a little more patience into our trading habits.
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Old Dec 23, 2011, 12:58pm   #4395
 
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Re: Anyone scalping the FTSE Futures??

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I still overtrade, and need to hold positions longer, but I am a much better trader than the start of the year and that's progress.
As long as you are a better trader, maybe that's more than enough

If you have ever had a golf pro try to improve your swing, you may know what I mean
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