Anyone scalping the FTSE Futures??

This is a discussion on Anyone scalping the FTSE Futures?? within the Indices forums, part of the Markets category; in @097 limit sell set at 330 and 335 time for a brew...

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Old Aug 8, 2011, 3:46pm   #61
 
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Re: Anyone scalping the FTSE Futures??

in @097 limit sell set at 330 and 335 time for a brew
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Old Aug 8, 2011, 7:26pm   #62
 
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Re: Anyone scalping the FTSE Futures??

this is fun! slightly lower than expected still 10k in a hole after a brew aint bad

and yes i know a running stop would have been the way to go
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Old Aug 8, 2011, 7:42pm   #63
 
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Re: Anyone scalping the FTSE Futures??

and some more @10897 anyone want to give a lecture here
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Old Aug 8, 2011, 8:22pm   #64
 
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Re: Anyone scalping the FTSE Futures??

first limit now @230 2nd @335
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Old Aug 8, 2011, 8:25pm   #65
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Re: Anyone scalping the FTSE Futures??

MartinC-J started this thread dc - other than the first 50 minutes this morning, this has been nothing but panic all day. The US are still selling everything except for the 5 minute bounce at 2:30pm ( so I won't eat all of my hat). Programmed selling all day. Until I see the US rally from 2:30pm to 5:00pm, then the selling will continue.
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Old Aug 8, 2011, 8:30pm   #66
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Re: Anyone scalping the FTSE Futures??

MartinC-J started this thread
Quote:
Originally Posted by pb8856 View Post
Smart move. I generally sim for 3 months before putting real money behind any strategy but have had strategy's not work for me after switching to live trades for no apparent reason other than my own perception.

IMHO It would be nice to have entry criteria locked down or close to a mechanical process but that's much easier said than done, most strategies I have seen success with have some discretionary element, particularly using price action.
pb8856 - you need a strategy for strong trends, weak trends, capitulation days (like today), narrow range days (like wednesdays where the FTSE stays in a 20 pt range), wicks and tails days, wide trend channels, news events, economic data releases. And you have to be ready to change strategies when required and be able to recognise that the market has changed ( and that last one only comes from experience of watching the price action).
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Old Aug 8, 2011, 9:10pm   #67
 
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Re: Anyone scalping the FTSE Futures??

currently holding a long @10951 $80 per no worries should sleep tonight
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Old Aug 9, 2011, 9:02am   #68
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Re: Anyone scalping the FTSE Futures??

MartinC-J started this thread If anyone ever wanted to see what a futuristic war between robots looked like, then this mornings price action is a perfect example. The battle would be brutal and almost too quick for the human eye to watch. Trading has almost mirrored yesterday morning. One way up open. Reversal. Then one way down. But with loads of whiplash. It's tradeable if you are willing to move your stops out by a factor of 5. But I am not doing this live, it could really hurt me if I mistime it by a few seconds. On the sim I am up £4,000.00 and that is 1 to 2 contracts only.

These really are stupid markets. No logic to them at all. Just follow the lemmings over the cliff. This has all the potential of a flash crash. Just like what happened in May 2009. These bot trading programmes haven't been regulated since then and a flash crash could trigger again at any time. Best thing to do is stand aside and watch.
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Old Aug 9, 2011, 9:15am   #69
 
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Re: Anyone scalping the FTSE Futures??

my FTSE target of 4851 key for me is what happens around that figure
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Old Aug 9, 2011, 9:32am   #70
 
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Re: Anyone scalping the FTSE Futures??

starting to build FTSE long position here for longer term hold
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Old Aug 9, 2011, 9:37am   #71
 
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Re: Anyone scalping the FTSE Futures??

not a great deal of support after 4800, could be a quick ride down
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Old Aug 9, 2011, 9:50am   #72
 
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Re: Anyone scalping the FTSE Futures??

ouch in and out so fast stop at 4800 hit
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Old Aug 9, 2011, 9:55am   #73
 
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Re: Anyone scalping the FTSE Futures??

scalped a few on the way back up and now have a long 4810 with stop at 4710
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Old Aug 9, 2011, 11:26am   #74
 
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Re: Anyone scalping the FTSE Futures??

1st target will be 5407 then wait for another entry
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Old Aug 9, 2011, 8:27pm   #75
 
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Re: Anyone scalping the FTSE Futures??

Toooooo easy drill sergeant this is great stuff 400 points a day and still in for the longer term sshheesh I could retire oh forgot I already have
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