Anyone scalping the FTSE Futures??

[DaddyJohn]

would like to see DOW do 13350 before the end of week.. would give me a lot more confidence to hold some shorts over the weekend..

 

[Dick Lexic]

good old 940 cash does it again.....what a thorn!!

 

[DaddyJohn]

good old 940 cash does it again.....what a thorn!!

must admit.. I thought ftse would retest 6000.. but I am struggling to see how it will do it now before end of week.. would require some big news... commodity based news to help the miners..

 

[Dick Lexic]

it's only 86 points

 

[DaddyJohn]

currently short DAX at 7163 !!! ES hit targets overnight .. not sure there is much more room for it upsode right now.. but daresay it might try... I am taking short positions this week on strength.. am sure there will be a lot of profit taking into the qtr end

out of short now

 

[DaddyJohn]

it's only 86 points

very true.. I was looking at futures..

 

[DaddyJohn]

it's only 86 points

Dick do you ever trade forex?

 

[Dick Lexic]

once and that was enough ...i got mauled

my strtegey only works on certain markets best ones are ftse and s&p ...no surprise eh?

 

[Dick Lexic]

just to let you know i've change my trading style a bit.. i only have a nibble now. i usually look for a move and try to get a bite out the middle....it's been working fine and gives me more time away from the screen ...once i have my pips i stop live trading... still like to give my long term view tho. still using price/volume mainly

 

[DaddyJohn]

just to let you know i've change my trading style a bit.. i only have a nibble now. i usually look for a move and try to get a bite out the middle....it's been working fine and gives me more time away from the screen ...once i have my pips i stop live trading... still like to give my long term view tho. still using price/volume mainly

interesting .. I am a bit of both really... I use my SB account for taking longer term swings and my futures platform for taking 10-20 prices.. I tend to play at the end of the ranges.. I find the middle of the range too choppy...

but like you I have a daily target ,, if I hit it ,, I stop for the day.. but I also have a rule that says if I am within £50 of my target my mid-day.. I can stop then as well..

nothing worse than giving it all back to the Americans

 

[DaddyJohn]

daily swing levels on DAX looking bearish now .. needs a push up soon or game over

 

[Dick Lexic]

Dick do you ever trade forex?

you?

 

[DaddyJohn]

you?

yes... recently had some good results ... just that if you did I wondered what you thought about short £/$ at 1.6058 ??

 

[barjon]

" catch a falling knife and put it in your pocket, save it for a rainy day" tra la

long ftse with finger poised to dow hedge - ftse been viciously weak vs dow last couple of days, so due a bit of strength

 

[Dick Lexic]

hi bj, i was thinking this was a test of 880 again ...could still be i suppose ....think 860 might let the bears in

 

[barjon]

i'm hedged now so it's become a pair trade.

was that DJ I saw lurking behind the curtain - nice to see ya DJ.

 

[reksa]

I have the next step down at 5855.

Buy the dips

 

[reksa]

" catch a falling knife and put it in your pocket, save it for a rainy day" tra la

long ftse with finger poised to dow hedge - ftse been viciously weak vs dow last couple of days, so due a bit of strength

The FTSE just cant get anything back.

 

[barjon]

might be a dangerous game, reksa - I've got a lot of my shares rolling over and more shorts coming into play than longs atm - still only half position for shorts though.

does your mean you're long DJ (or were)

 

[DaddyJohn]

probably will buy when ES gets to 1409