Anyone scalping the FTSE Futures??

This is a discussion on Anyone scalping the FTSE Futures?? within the Indices forums, part of the Markets category; 5402 is still my entry I realy would like it on a spike but I dont mind a first half ...

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Old Aug 15, 2011, 9:46pm   #106
 
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Re: Anyone scalping the FTSE Futures??

5402 is still my entry I realy would like it on a spike but I dont mind a first half hour pump n dump
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Old Aug 16, 2011, 9:44am   #107
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Re: Anyone scalping the FTSE Futures??

MartinC-J started this thread Well that GDP number was a big surprise. I didn't think the German economy had slowed down so much. But even though it gapped down 87 points, it didn't capitulate and sell off big time. In fact it inly sold off an additional 30 pts before reversing back up to where it opened at. Then at 8:30 it went into what I call wicks and tails, which is usually a sign to stay out, unless you know how to trade them. By 8:40am, it was clear this is wicks and tails on the 5 min chart. You can trade them with 1 tick entries on the 1 min chart on reversals, but with quick targets.

DC - you may still get your pump and dump. It depends where it goes after 10am. My guess is down, but I better to wait and see and trade accordingly. I did go short the ES at 1198.0 at 9:30pm last night, it did look like it had been walked up, and would most likely drop in globex hours.
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Old Aug 16, 2011, 9:51am   #108
 
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Re: Anyone scalping the FTSE Futures??

entry not given but still remains in play I could have had 374 in the overnight but didnt take it currently have a small short @5307 looking for 5207 will place a stop order 5305 as Im not watching it, I will look for a long entry at some point as the 5402 is still in play
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Old Aug 16, 2011, 4:39pm   #109
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Re: Anyone scalping the FTSE Futures??

MartinC-J started this thread I am yet to understand what is going on behind the scenes as the FTSE approaches the cash close at 4:30pm. Yes, I understand that the Futures price has to match up with the underlying cash price, within reason. But a rise of 24 points at 4:29pm, when the price action has been relatively sluggish for the last 30 minutes does not make sense. It seems to be a common recent occurrence this forcing new highs into the cash close. At 4:30pm, it touched 5352 which was the price at 7am when the German GDP data came out.

I was still long the move from 5312.5 at 16:22:13, as it looked like it was going to try and force it again. I would just like to know why it is doing it? And why does it always seem to happen around 4:30pm? It's like the US is waiting for europe to close.
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Old Aug 16, 2011, 6:56pm   #110
 
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Re: Anyone scalping the FTSE Futures??

Quote:
Originally Posted by MartinC-J View Post
It's like the US is waiting for europe to close.
thats what is happening. the FTSE has produced a buy signal the DOW hasnt yet so the FTSE needs to tread water whilst traders over the pond position themselves.

the DOW intraday can do whatever it wants so long as the FTSE futures come back by the end of the session. Large players who are long FTSE dont want their counterparts greatly affecting their positions
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Old Aug 16, 2011, 7:02pm   #111
 
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Re: Anyone scalping the FTSE Futures??

also end of day can be a sell if you dont want to hold over or a buy hold over this was what we had today I know the price has dropped after market buyer have gone home whats the betting we gap higher in the morning and thats where the money will be
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Old Aug 16, 2011, 8:25pm   #112
 
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Re: Anyone scalping the FTSE Futures??

Now thats interesting the DOW signaling a three day buy target 11565
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Old Aug 16, 2011, 8:32pm   #113
 
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Re: Anyone scalping the FTSE Futures??

currently long on the DOW 389 and will be short the FTSE @402 tomorrow there should be another entry for the DOW @400
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Old Aug 17, 2011, 12:02am   #114
 
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Re: Anyone scalping the FTSE Futures??

Hi everyone!
New to these depths of the blue sea.
Been trading from this year. Had investments in aim stocks, some loss, some very good short term profit. Thought will try day trading or few day trading aim stocks on good results. Tricky, but managed to catch two of them on the up. Others got spiked, funds where melting every day, still melting though. Traded cfds as well, few big oilies- ups and downs.
Last week transfered funds into sb account. Main plays ftse, dow, gold.
Yesterday did like 27 trades on ftse, thought will give scalping a go, after 6hours my £100 became £678. Not a bad one. I guess I was in control of myself, no greed, no overtrade, few points and I did it. Very easy- played candles, mainly long fat ones with doji for reversal, they proved to be my best shot. Looking at general trend as well, 20,50,100MA, chart with different time ticks, 1min when in open. Today woke up. Felt it's a no trade day straight away, as charts was funny, but picked up first 5 profit ones in a row on ftse. £2,5,10,20,50pp, size matters. Went short on reversal, lost.
Basicly, need to learn loads of things, consider everyday trading as income.
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Old Aug 17, 2011, 12:15am   #115
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Re: Anyone scalping the FTSE Futures??

FTSE is going good right now and for U.S. traders it's better to trade in terms of volatility than compared to EUREX because of the whole imbroglio there with the bailouts... luckily the UK is one step behind mainland Europe in this sovereign debt crisis quagmire.
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Old Aug 17, 2011, 1:10am   #116
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Re: Anyone scalping the FTSE Futures??

Quote:
Originally Posted by Alexios View Post
Hi everyone!
New to these depths of the blue sea.
Been trading from this year. Had investments in aim stocks, some loss, some very good short term profit. Thought will try day trading or few day trading aim stocks on good results. Tricky, but managed to catch two of them on the up. Others got spiked, funds where melting every day, still melting though. Traded cfds as well, few big oilies- ups and downs.
Last week transfered funds into sb account. Main plays ftse, dow, gold.
Yesterday did like 27 trades on ftse, thought will give scalping a go, after 6hours my £100 became £678. Not a bad one. I guess I was in control of myself, no greed, no overtrade, few points and I did it. Very easy- played candles, mainly long fat ones with doji for reversal, they proved to be my best shot. Looking at general trend as well, 20,50,100MA, chart with different time ticks, 1min when in open. Today woke up. Felt it's a no trade day straight away, as charts was funny, but picked up first 5 profit ones in a row on ftse. £2,5,10,20,50pp, size matters. Went short on reversal, lost.
Basicly, need to learn loads of things, consider everyday trading as income.
Fuc* sake ....go take a valium!
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Old Aug 17, 2011, 9:04am   #117
 
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Re: Anyone scalping the FTSE Futures??

no gap play so long on the FTSE also 302 target 402
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Old Aug 17, 2011, 9:12am   #118
 
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Re: Anyone scalping the FTSE Futures??

Alexios you have melting funds and you are trading @£50per?
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Old Aug 17, 2011, 12:06pm   #119
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Re: Anyone scalping the FTSE Futures??

MartinC-J started this thread Well done Dick. Stick to the £2 per point until you've worked out your strategy for each market structure. Don't double up on losing trades, you can get wiped out doing that. Be disciplined and if in doubt don't take a trade that looks marginal. There's always another bus along soon.
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Old Aug 17, 2011, 12:12pm   #120
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Re: Anyone scalping the FTSE Futures??

MartinC-J started this thread I've just typed up my trading observations for the first hour of todays trading, and maybe it gives an idea of the thought process involved in my trades. It was worth 30pts profit to me. If anything I tend to close winners too early, and that is on my practise list to improve upon. Hopefully the text is not too small to read, and that it makes some sense. Most of my entries are on stop orders, and usually on 1 tick breaks of prior candle highs or lows. I used to wait for it to break by 2 pts (4 ticks) but early in the session, that seems to be overly cautious.
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