Anyone scalping the FTSE Futures??

This is a discussion on Anyone scalping the FTSE Futures?? within the Indices forums, part of the Markets category; going for weekly high 59?...

Reply
 
LinkBack Thread Tools Search this Thread
Old Aug 31, 2011, 9:32am   #401
Joined Aug 2011
Re: Anyone scalping the FTSE Futures??

going for weekly high 59?
Dick Lexic is offline   Reply With Quote
Old Aug 31, 2011, 9:39am   #402
 
dc2000's Avatar
Joined Jan 2004
Re: Anyone scalping the FTSE Futures??

I will e looking for the short very soon 5334 area
__________________
"I have the trading edge"
dc2000 is offline   Reply With Quote
Old Aug 31, 2011, 9:41am   #403
 
dc2000's Avatar
Joined Jan 2004
Re: Anyone scalping the FTSE Futures??

in with a smalll short 5324
__________________
"I have the trading edge"
dc2000 is offline   Reply With Quote
Old Aug 31, 2011, 9:41am   #404
Joined Jul 2004
Re: Anyone scalping the FTSE Futures??

MartinC-J started this thread
Quote:
Originally Posted by dc2000 View Post
sounds like an idilic job apart from the 15k bit
Shows how important timing is. I built the house when prices were depressed and I expected the market to turn around. I ended up selling it for $257,000 after it sat on the market for 11 months. The people who bought it off me sold it for $650,000 12 months later. There's no point in getting in early if you're the only one there. You need a crowd!
MartinC-J is offline   Reply With Quote
Old Aug 31, 2011, 9:44am   #405
Joined Jul 2004
Re: Anyone scalping the FTSE Futures??

MartinC-J started this thread Looks like a classic one way day to me. No retracements more than the middle boly band on the 5 min chart. Consistently makes newer highs throughout the morning, with each high getting more exhausted each time. If it retraces more than 23%, then the one way day is over.
MartinC-J is offline   Reply With Quote
Old Aug 31, 2011, 10:15am   #406
Joined Jul 2004
Re: Anyone scalping the FTSE Futures??

MartinC-J started this thread We did get a retracement that went below the MBB 5mc, but it bounced off the LBB. The 23% retracement still held. Looks to me as if it might just make it to the 5334 level, by then we will be getting closer to lunchtime and the ADP non-farms. The FESX did break below the 23% retracement level, which adds a note of caution, but I think the FTSE is going to ignore that.
MartinC-J is offline   Reply With Quote
Old Aug 31, 2011, 10:16am   #407
Joined Jan 2011
Re: Anyone scalping the FTSE Futures??

Quote:
Originally Posted by MartinC-J View Post
Looks like a classic one way day to me. No retracements more than the middle boly band on the 5 min chart. Consistently makes newer highs throughout the morning, with each high getting more exhausted each time. If it retraces more than 23%, then the one way day is over.
What period do you have your Bollinger Band set too on the 5min?
The only retracements im seeing are on a 1min with a 18 period bollinger.
I find it hard to find a good entry point when its climbing up like this.
I suspect the ADP jobs change might bring the markets down, but who knows, bad news is now good news.
reksa is offline   Reply With Quote
Old Aug 31, 2011, 10:18am   #408
 
dc2000's Avatar
Joined Jan 2004
Re: Anyone scalping the FTSE Futures??

for me I have it short there is no double hit for the long and a long would be out of pattern. a short into the close with the DOW taking it further overnight and FTSE bringing it up tomorrow for more shorting

5334 is ideal entry for me and a price of 365 would not concern me any higher though may cause a recalc to the down side I have 2 targets now of 5054 and 4968
__________________
"I have the trading edge"
dc2000 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 7:40pm
FTSE future for day trading and scalping bennie83 Indices 18 Nov 28, 2016 3:14pm
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: 12 (0 members and 12 guests)