Anyone scalping the FTSE Futures??

[hereward the wake]

Am I a thousand posts old yet?

 

[barjon]

with your finger in the dyke

not really, can't think ftse going to have another big weak day relative to dow, but it seems reluctant to push up so I guess it's going to be down to dow when US wakes up.

 

[SuddenDeath]

I was looking at hedge strategy for when the market sells off. if u find the 7 strongest dow stocks and 7 weakest then do a long short it would work pretty well. and would be market neutral.

the hedging outlined by anton kreil is a sound strategy

 

[SuddenDeath]

10k to 1mill in 7.75 years. making 2%/month

 

[Jessi_trader]

I am feeling like shorting ftse, waiting to see some good indication....

 

[hereward the wake]

got to go at 1pm might miss the fun

 

[Jessi_trader]

Short @ 82

 

[hereward the wake]

ftse 8day crossing the 150

short 73

 

[SuddenDeath]

ftse 8day crossing the 150

short 73

how can the 150 be so high?

 

[hereward the wake]

What you thinking JT 30, maybe 16?

 

[hereward the wake]

how can the 150 be so high?

6 day chart

 

[Jessi_trader]

What you thinking JT 30, maybe 16?

Its going to consolidate at 60 (between 60-70) for a long time, you may get frustrated... I think until US open.

 

[Jessi_trader]

if you are lucky it may break 60 before US open and that will make sure 20-25

JT

 

[hereward the wake]

Its going to consolidate at 60 (between 60-70) for a long time, you may get frustrated... I think until US open.

What's you're thinking on the consolidation?

 

[neil]

if you are lucky it may break 60 before US open and that will make sure 20-25

JT

What is your reasoning behind the above statement of yours (ie. support/resistance levels etc)?

 

[SuddenDeath]

6 day chart

u got a 150ma on a 6 day chart?

150 ma is not that high

you program is probably defaulting to the displayed range and giving wrong reading on 150ma

 

[Jessi_trader]

Well its forming rising wedge chart patternso it has to move between 6700 and 6660. Now its coming down from upper boundry to lower boundry, normally there are no force now to break that, also its lunch time nearly. so its gonna wait for force from US. now it may not break as well

to hold your guts you need to see a bit bigger picture. so you may better close in profit rather then wait for a long time.

 

[hereward the wake]

u got a 150ma on a 6 day chart?

150 ma is not that high

you program is probably defaulting to the displayed range and giving wrong reading on 150ma

chart

 

[hereward the wake]

Well its forming rising wedge chart patternso it has to move between 6700 and 6660. Now its coming down from upper boundry to lower boundry, normally there are no force now to break that, also its lunch time nearly. so its gonna wait for force from US. now it may not break as well

to hold your guts you need to see a bit bigger picture. so you may better close in profit rather then wait for a long time.

post a chart JT

 

[barjon]

...traded second hour flat, too - I batting at b/e now

third hour flat, too. Eight minutes to the end of the fourth hour and it doesn't look good - the little man is pumping hard to get air into my diving suit as I explore the deep.