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 postman @ wallstreetwarrior87 This is what a real market looks like, we know how to trade it. ...

Reply
 
LinkBack Thread Tools Search this Thread
Old Feb 14, 2018, 6:02pm   #84241
Joined Oct 2009
Quote:
Originally Posted by postman View Post
@wallstreetwarrior87 This is what a real market looks like, we know how to trade it. I dont hold out much hope for these newbies who have had 10 years of FED wet-nursing.
Yes, actually I was speaking to a colleague on Friday, who made the bulk of his net worth in the build upto 2008, and he sees the same scenarios.

These periods seem to last a month or 2 then settle down, they come along not nearly as often as the likes of you and I would like, but one can make a very very very good return if waiting for your levels. This is an environment of overshooting, which I can see is your element

Personally I hate the calm directional moves, in fact over my career, these have been the times that actually cost me some moolah. But fear not, these current conditions allow one to make it back ten fold at least.

Long may it continue, the problem is finding another market to trade that has the same characteristics, when these babies calm down.

In a weird way (some will get this) - these are actually the characteristics of a rational market - go figure that out lol
wallstreetwarrior87 is offline   Reply With Quote
Old Feb 14, 2018, 7:06pm   #84242
Joined Sep 2010
Quote:
Originally Posted by wallstreetwarrior87 View Post
Personally I hate the calm directional moves, in fact over my career, these have been the times that actually cost me some moolah. But fear not, these current conditions allow one to make it back ten fold at least.
I was going to post how the last couple weeks would have absolutely killed me on Indices - I've saved a fortune by not being able to trade the last couple months. Just goes to show how everyone is different, I much prefer the "calm directional moves", maybe it's just inherent in different approaches.
__________________
Quote:
Originally Posted by Lee Shepherd View Post
Thats just b0llox trading. Its all b0llox Spencer.
brewski1984 is offline   Reply With Quote
Old Feb 14, 2018, 7:13pm   #84243
 
piphoe's Avatar
Joined Oct 2015
Quote:
Originally Posted by brewski1984 View Post
I was going to post how the last couple weeks would have absolutely killed me on Indices - I've saved a fortune by not being able to trade the last couple months. Just goes to show how everyone is different, I much prefer the "calm directional moves", maybe it's just inherent in different approaches.
when playing the swings your talking about fading, right?

you better be better than good to make that work
__________________
become part of the machine
-pin ball wizard
-the WHO
piphoe is offline   Reply With Quote
Old Feb 14, 2018, 7:14pm   #84244
 
postman's Avatar
Joined May 2005
Quote:
Originally Posted by postman View Post
Going to close at 2677 and get back in at 2658
Trying to be smart
Expecting 2700 today and closed too early.
postman is online now   Reply With Quote
Old Feb 14, 2018, 7:50pm   #84245
 
postman's Avatar
Joined May 2005
S&P 2695
Now I'm thinking whats going to happen when it hits all those 'safe' stops at 2700. Its going to catapult higher. Doh!
postman is online now   Reply With Quote
Old Feb 14, 2018, 7:51pm   #84246
 
postman's Avatar
Joined May 2005
Its like watching the SpaceX launch all over again!
postman is online now   Reply With Quote
Old Feb 14, 2018, 9:09pm   #84247
 
postman's Avatar
Joined May 2005
Quote:
Originally Posted by postman View Post
S&P 2700 today.
2699 thats me done for the day.
postman is online now   Reply With Quote
Thanks! The following members like this post: wallstreetwarrior87
Old Feb 14, 2018, 9:59pm   #84248
 
swissy's Avatar
Joined Jul 2008
Quote:
Originally Posted by swissy View Post
Evening/morning folks,

No tea leaves for guidance, only get this with my morning brew of cha.

However, it is raining rather hard here with storms blowing through so that could indicate a volatile day.

Going to put some deep orders in and review later. Up? down? Who knows?
Morning/evening all....first mug of Yorkshire to start the day and a good start to see I have made some pips while sparked out...placed a long limit @7160 before retiring to sleep and limit order closed 7120. Whatever caused the ftse to drop like that? Who cares!
swissy is offline   Reply With Quote
Old Feb 14, 2018, 10:02pm   #84249
Joined Apr 2014
With the positive performance of the banking sector, the US market recovered from the initial losses. This negative performance at the opening was spurred by the publication of data on inflation relative to the first month of the year. The consumer price index rose 0.50% in January (the highest increase in the last 5 months), up from the 0.30% expected by economists. In relation to the same month of the previous year, inflation remained at 2.10%, but exceeded the expected 1.90%. On the other hand, the so-called core inflation (which excludes the most volatile goods and is the most considered) also surpassed the estimates, when it stood at 1.80% in relation to the same period of 2017. As far as wages are concerned, quite relevant in recent times, there was an increase (adjusted to inflation) of only 0.80%. Retail sales for the same month were also known, which fell by 0.30%, the biggest drop in almost a year and compared to an estimated increase of 0.20%. If we exclude car sales, retail sales have remained unchanged.
psaTrading is offline   Reply With Quote
Old Feb 14, 2018, 10:10pm   #84250
 
postman's Avatar
Joined May 2005
Quote:
Originally Posted by swissy View Post
Morning/evening all....first mug of Yorkshire to start the day and a good start to see I have made some pips while sparked out...placed a long limit @7160 before retiring to sleep and limit order closed 7120. Whatever caused the ftse to drop like that? Who cares!
Nice to make money in your sleep, especially when your not expecting it.
postman is online now   Reply With Quote
Old Feb 14, 2018, 10:20pm   #84251
 
swissy's Avatar
Joined Jul 2008
Quote:
Originally Posted by postman View Post
Nice to make money in your sleep, especially when your not expecting it.
"Levels,dear boy, levels" (ack to Harold Macmillan)

Last edited by swissy; Feb 15, 2018 at 9:30am. Reason: My bad..Macmillan not Eden...attention to detail swissy
swissy is offline   Reply With Quote
Old Feb 15, 2018, 12:11am   #84252
Joined Oct 2009
Quote:
Originally Posted by brewski1984 View Post
I was going to post how the last couple weeks would have absolutely killed me on Indices - I've saved a fortune by not being able to trade the last couple months. Just goes to show how everyone is different, I much prefer the "calm directional moves", maybe it's just inherent in different approaches.
Too true matey, we did all watch your exploits, wanting it to keep going without any gyrations, as far as possible, but had to snap eventually. Will always give kudos for what you did!!!

My comments about a calm market - well it is and was my problem to trade in that condition, wanting to participate with others etc, but not the most clever move I have made.

The Mrs knew right away - "Why are we eating tinned food darling? Have you been trading in those 1 way markets again". Nothing gets by her I tell you
wallstreetwarrior87 is offline   Reply With Quote
Thanks! The following members like this post: cantagril , brewski1984
Old Feb 15, 2018, 11:29am   #84253
 
swissy's Avatar
Joined Jul 2008
Quote:
Originally Posted by brewski1984 View Post
I was going to post how the last couple weeks would have absolutely killed me on Indices - I've saved a fortune by not being able to trade the last couple months. Just goes to show how everyone is different, I much prefer the "calm directional moves", maybe it's just inherent in different approaches.
I agree...the volatility takes out wide stops both ways....a killing ground for most retail traders imho...I prefer the calmer seas with smaller consistent gains.
swissy is offline   Reply With Quote
Thanks! The following members like this post: brewski1984
Old Feb 15, 2018, 12:57pm   #84254
Joined Oct 2009
Quote:
Originally Posted by wallstreetwarrior87 View Post
Yes, actually I was speaking to a colleague on Friday, who made the bulk of his net worth in the build upto 2008, and he sees the same scenarios.

These periods seem to last a month or 2 then settle down, they come along not nearly as often as the likes of you and I would like, but one can make a very very very good return if waiting for your levels. This is an environment of overshooting, which I can see is your element

Personally I hate the calm directional moves, in fact over my career, these have been the times that actually cost me some moolah. But fear not, these current conditions allow one to make it back ten fold at least.

Long may it continue, the problem is finding another market to trade that has the same characteristics, when these babies calm down.

In a weird way (some will get this) - these are actually the characteristics of a rational market - go figure that out lol
With regards to 2008 - this is what he was getting at. Nice build up over the previous 5 years, everyone and their mothers making a mint, no stopping this bad boy - then shake, rattle and roll.

Nice to have a template to at least be aware of, so not rattle and rolling yet, but if we are at least aware, bargain prices to be had when initial shock factor presents its self. As Postman suggested yesterday!

Suddenly shorts don't seem as crazy as they did 6 months ago
Attached Thumbnails
2008.gif  
wallstreetwarrior87 is offline   Reply With Quote
Old Feb 15, 2018, 3:32pm   #84255
 
postman's Avatar
Joined May 2005
Got to be short US markets here for most of the day
postman is online now   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: 10 (0 members and 10 guests)