Anyone scalping the FTSE Futures??

This is a discussion on Anyone scalping the FTSE Futures?? within the Indices forums, part of the Markets category; only question to my mind now is...how many more legs down before i cover...

Reply
 
LinkBack Thread Tools Search this Thread
Old Sep 10, 2016, 9:42pm   #76066
 
piphoe's Avatar
Joined Oct 2015
only question to my mind now is...how many more legs down before i cover
__________________
they play so bad why do they punish me
phil hellmuth
piphoe is offline   Reply With Quote
Old Sep 10, 2016, 9:50pm   #76067
Joined Aug 2016
I get the impression that now more than ever the market is running on sentiment rather than hard facts? That being the case the speech by a member of the fed committee on Monday is likely to cause a signifivpcant swing depending on whether the content is dovish or hawkish. Could be a fun day again!!
Suftum is offline   Reply With Quote
Old Sep 10, 2016, 10:21pm   #76068
 
piphoe's Avatar
Joined Oct 2015
can't ignore a 400 pt drop in the DOW...

don't care if he comes on tomorrow and says jesus himself has risen.

a 400pt drop has repercussions..

and, of course they come on try to talk this up.

that only will fuel the skepticism

traders don't care, that LEG was nasty!! thats all they care(and all they should care about) IMO
__________________
they play so bad why do they punish me
phil hellmuth

Last edited by piphoe; Sep 10, 2016 at 10:27pm.
piphoe is offline   Reply With Quote
Old Sep 12, 2016, 12:09am   #76069
 
Oscar Reed's Avatar
Joined May 2015
Well, hello volatility

The VIX (US volatility index) had the biggest move since the UK referendum, gaining 39.9%. This has huge bearing on trader’s risk management and future position sizing.

There are certainly a number of people scratching their heads as to why there was such a big move in implied volatility on Friday.

This seems fair as there is not one catalyst to cause such a big move in market, but rather a collection that has finally seen the S&P 500 break its 2190 to 2150 trading range and traders rushing to hedge portfolios. The phrase ‘hedge because you can (and it's cheap), not because you have to’ was certainly something that investors should have thought about last week, however its worth remembering the 40% move in the VIX was grossly exaggerated by perhaps the biggest net short position ever seen in the VIX futures.

As soon as the S&P 500 broke below the lower limits of its recent range of 2150, the algo’s went crazy and the computers widely took over markets. Any stock which had benefitted through most of 2016 from having a higher yield was quickly sold, as bond yields rose and the discount factor used in working out the net present value for future cash flows of equity holdings increased. This is an issue that will no doubt flow into Asian markets.

The moves in equity and risk sentiment more broadly seem to be a culmination of less supportive central banks, steepening yield curves pushing up longer dated bonds and the impact this has on expensive equity valuations. There is even a view, which I share, that if the US Federal Reserve (Fed) are really hell-bent on raising this calendar year when the data doesn’t support it, it is because they are doing so more out of concern about overheating valuations in corporate bond markets and therefore lower dislocations in various markets. So should we be concerned too?

The ASX 200 has actually become somewhat of a leading indicator behind the moves of late in markets. The index, with its highest aggregate dividend yield in developed markets, has been sold since 23 August and if our call for 5249 comes to fruition we would have lost 325 points or 5.8% in the process. Participation has not just centred on the high yielders, but in this time we have seen the percentage of companies trading above their 20-day average falling from 95% to currently stand at 26%. It must be said though that the market is grossly oversold due a technical bounce, although I would be fading rallies into 5330 to 5350. Perhaps Lael Brainard can cool tensions of a near-term hike from the Fed, however given her pessimistic view of late, expect any clear hints of a hike this year (which currently sits at 60%) to be magnified, in turn causing the global sell-off in fixed income to ramp up.

Putting the trading hat on, it’s good to see a bit of life back in these markets. Where there is volatility, there is dislocation, which breeds opportunity!
Oscar Reed is online now   Reply With Quote
Thanks! The following members like this post: f2calv
Old Sep 12, 2016, 12:14am   #76070
 
Oscar Reed's Avatar
Joined May 2015
Where are you @piphoe.

Put the Jack Daniels down, it's work time and there is money to be made.

Oscar Reed is online now   Reply With Quote
Old Sep 12, 2016, 4:17am   #76071
 
Oscar Reed's Avatar
Joined May 2015
Back from lunch and no one is buying this.

Can the Americans or Brits save the day later.
Attached Thumbnails
capture.jpg  
Oscar Reed is online now   Reply With Quote
Old Sep 12, 2016, 8:37am   #76072
 
swissy's Avatar
Joined Jul 2008
FTSE - 6700 the battleground bulls vs bears. Who has the upper hand?
if 6700 fails - looking to go short or breakthrough 6700 - go long. lets see!
swissy is offline   Reply With Quote
Old Sep 12, 2016, 8:39am   #76073
 
swissy's Avatar
Joined Jul 2008
Bulls got burnt fri - will be cautious this morning imo. Opportunity for scalp S 6700 ish - for a while.
swissy is offline   Reply With Quote
Old Sep 12, 2016, 8:56am   #76074
 
swissy's Avatar
Joined Jul 2008
Quote:
Originally Posted by swissy View Post
Bulls got burnt fri - will be cautious this morning imo. Opportunity for scalp S 6700 ish - for a while.
Support 6665ish
swissy is offline   Reply With Quote
Old Sep 12, 2016, 9:07am   #76075
 
swissy's Avatar
Joined Jul 2008
Quote:
Originally Posted by swissy View Post
Support 6665ish
Holding atm. L FTSE 6664 tight stop.
swissy is offline   Reply With Quote
Old Sep 12, 2016, 9:10am   #76076
 
swissy's Avatar
Joined Jul 2008
Quote:
Originally Posted by swissy View Post
Holding atm. L FTSE 6664 tight stop.
Out -3.
swissy is offline   Reply With Quote
Old Sep 12, 2016, 9:12am   #76077
 
swissy's Avatar
Joined Jul 2008
L FTSE 6659 slightly larger stop!
swissy is offline   Reply With Quote
Old Sep 12, 2016, 9:17am   #76078
 
swissy's Avatar
Joined Jul 2008
Quote:
Originally Posted by swissy View Post
L FTSE 6659 slightly larger stop!
Take 1/2 6670
swissy is offline   Reply With Quote
Old Sep 12, 2016, 9:18am   #76079
 
swissy's Avatar
Joined Jul 2008
Quote:
Originally Posted by swissy View Post
Take 1/2 6670
Closed 6667 for a few.
swissy is offline   Reply With Quote
Old Sep 12, 2016, 9:29am   #76080
 
swissy's Avatar
Joined Jul 2008
6670 rez. Just scalped short to sp 6660 - narrow range, prob break down (or up!) soon. Think a break down to 6650? Question is where will it bounce?
swissy is offline   Reply With Quote
Reply

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Similar Threads
Thread Thread Starter Forum Replies Last Post
Ftse Professional Scalping 2George Indices 223 Aug 23, 2017 8:57am
Scalping the FTSE nick_uk First Steps 14 Mar 23, 2017 6:40pm
FTSE future for day trading and scalping bennie83 Indices 18 Nov 28, 2016 2:14pm
Scalping Futures nutella First Steps 5 May 9, 2014 5:45pm
What DMA for FTSE scalping is cheapest? Need to learn first maxima Indices 1 Apr 9, 2008 12:17pm

Currently Active Users Viewing This Thread: 10 (0 members and 10 guests)