Anyone scalping the FTSE Futures??

[Dentalfloss]

see how we got the failed buy signal this morning..red horizontal/a break above..we were ready for that..cos we know the market had to correct the overbought scenario
pips banked..job done

 

[Jessi_trader]

see how we got the failed buy signal this morning..red horizontal/a break above..we were ready for that..cos we know the market had to correct the overbought scenario
pips banked..job done

there are no way you can tell what number or level was overbought... market can be in overbought condition and still rally 1000 pips...

 

[Jessi_trader]

breach of 11380 gives short setup to 11220

I am not trading today... lets see how chart ends up today

60ish... only 40 away...

 

[jeffre4]

ftse 6838 here we come

 

[Jessi_trader]

60ish... only 40 away...

sorry... 20 away :innocent:

 

[Jessi_trader]

ftse 6838 here we come

I guess up for 6666 or 6767

 

[SuddenDeath]

some time making too much money also cause worry... you think is everything ok

that's why in worry and hurry you start selling ...

I had dow pivot sell, 18,260

dow now 140, can it hold 115 ?

 

[Jessi_trader]

I had dow pivot sell, 18,260

dow now 140, can it hold 115 ?

guess you are talking about March contract nor cash ???????

 

[Jessi_trader]

DOW seems to be holding.... 18140.....

 

[2be]

done for the day, I would prefer if today's H was closer to the 11500 zone
That zone might be retested tomorrow, one way or another a small correction is on cards for dax.

came to see the charts and the move south was more that I was counting for today,
so covered short positions just in case there is a re-test tomorrow

 

[jeffre4]

6565.8 on ftse i repeat

 

[Jessi_trader]

This was necessary IMHO in order for DOW to touch 18400...

 

[Jessi_trader]

6565.8 on ftse i repeat

I remember that Jeff

 

[2be]

this is only a small retracement on indices before they resume the journey back to the north IMHO, in several days we shall see good buying opportunities again.

 

[jeffre4]

afternoon everybody.

re ftse think hes talking B******* in my opinion and the the bloke asking the questions sounds like the commentator from the greyhounds on channel 202

 

[Jessi_trader]

re ftse think hes talking B******* in my opinion and the the bloke asking the questions sounds like the commentator from the greyhounds on channel 202

 

[Dentalfloss]

there are no way you can tell what number or level was overbought... market can be in overbought condition and still rally 1000 pips...

erm...yes you can
different in p/f
the boxes are arithmetic
so
if it does not reverse after a long column and find support..then it is o/b
easy to spot on the dax..it is different in candle charts

 

[Jessi_trader]

erm...yes you can
different in p/f
the boxes are arithmetic
so
if it does not reverse after a long column and find support..then it is o/b
easy to spot on the dax..it is different in candle charts

all I am trying to say is overbought does not necessarily mean selloff and price can still shoot high....

 

[Jessi_trader]

Long DOW 46..........

 

[Jessi_trader]

that's 18146 long