Anyone scalping the FTSE Futures??

[hereward the wake]

what time frame candles u use on dax, 1 hour?

3 min to trade, using 1/3 50% and 2/3 retracements

 

[SuddenDeath]

3 min to trade, using 1/3 50% and 2/3 retracements

1/3 is good level to trade from

 

[hereward the wake]

2/3 retrace at 9431.5 coming up

 

[hereward the wake]

2/3 retrace at 9431.5 coming up

Went right through that then! I only trade if the next candle is in the direction so no damage!

 

[SuddenDeath]

excellent,

FTSE should go higher currently +17

ftse down 14

what happened?

 

[hereward the wake]

ftse down 14

what happened?

same on dax

 

[hereward the wake]

Jan jitters dax down on today's low

 

[SuddenDeath]

Jan jitters dax down on today's low

could it be gap close?

todays opening gap?


dollar is strong today,

 

[hereward the wake]

I think so gap closed and some over! I think we will bounce around today ... Dax has to break recent 50% retrace to trend again

 

[SuddenDeath]

I think so gap closed and some over! I think we will bounce around today ... Dax has to break recent 50% retrace to trend again

SP500mar back above 1824.6

 

[hereward the wake]

Dom today



From The Trader

Daily market outlook
06 January 2014


EUROPEAN OVERVIEW

There is scepticism among spread-bettors about the immediate outlook for equities. Around two-thirds of punters are short the S&P 500 and Dow, and around half are speculating on falls in the DAX and FTSE. Despite the weakness at the end of last week, I can’t really see good reason to join these pessimistic folks right now. To me, such selling as we’ve seen is most likely going to turn out to have been a precursor to more upside. I will not try and get in and ahead of this happening, though. I await a decent burst of selling and then I will enter.

As a footnote, the retail crowd remain fairly heavily weighted on the long side in gold. I do not like the spikiness of the upside we have seen here in recent days. More pain is in store.

 

[hereward the wake]

Dom today



From The Trader

Daily market outlook
06 January 2014


EUROPEAN OVERVIEW

There is scepticism among spread-bettors about the immediate outlook for equities. Around two-thirds of punters are short the S&P 500 and Dow, and around half are speculating on falls in the DAX and FTSE. Despite the weakness at the end of last week, I can’t really see good reason to join these pessimistic folks right now. To me, such selling as we’ve seen is most likely going to turn out to have been a precursor to more upside. I will not try and get in and ahead of this happening, though. I await a decent burst of selling and then I will enter.

As a footnote, the retail crowd remain fairly heavily weighted on the long side in gold. I do not like the spikiness of the upside we have seen here in recent days. More pain is in store.

Note from me... 73% long on Gold I'm looking for a short

 

[Jessi_trader]

Good morning SD, HTW and everyone....

I think support should be around 6680-6700

 

[postman]

Morning all.
Its gone quiet after a big flurry of activity this morning.
Dax is in a narrowing range which it will have to break out of by 11.15.
I think we go up from here.... Dax and Dow.
Heaven knows what ftse will do!

 

[hereward the wake]

Morning all.
Its gone quiet after a big flurry of activity this morning.
Dax is in a narrowing range which it will have to break out of by 11.15.
I think we go up from here.... Dax and Dow.
Heaven knows what ftse will do!

Yes bollinger bands getting tighter

 

[SuddenDeath]

morning jessi and postman

 

[Jessi_trader]

Morning all.
Its gone quiet after a big flurry of activity this morning.
Dax is in a narrowing range which it will have to break out of by 11.15.
I think we go up from here.... Dax and Dow.
Heaven knows what ftse will do!

What timeframe you are looking? what I can see is chart looking bearish, with rising wedges.

 

[postman]

What timeframe you are looking? what I can see is chart looking bearish, with rising wedges.

Just looking at the 1 minute chart and the general Uber up movement that has been going on for the last few years.
Balance of probability says its going up dont fight it.

 

[JustSpreadBetting]

Morning all.
Its gone quiet after a big flurry of activity this morning.
Dax is in a narrowing range which it will have to break out of by 11.15.
I think we go up from here.... Dax and Dow.
Heaven knows what ftse will do!

I agree, I think DAX will test the 9477/82 resistance zone. I have just taken a long trade based on the bounce off the old resistance zone 9445/52 which looks like its holding as support.

 

[postman]

I agree, I think DAX will test the 9477/82 resistance zone. I have just taken a long trade based on the bounce off the old resistance zone 9445/52 which looks like its holding as support.

Hi.

Are you in for 10 to 20 points or are you in on a longer timeframe?

If your betting £5pp with your intertrader account you must have pushed up that £100 quite a bit by now.