Anyone scalping the FTSE Futures??

[darktone]

This is what makes the game interesting Swissy, we ALL have a different agenda, different trade windows, different targets, different ways of seeing the market.

I personally cannot see the point of sitting with massive draw-down as a small retail trader, It's just not my bag, I'm not interested in baby sitting a drowning trade for days on end, but that is down to my total disinterest in what the market is doing outside my time window.

Others will have no problem sitting with it, after all, the big money sit with large positions often for months on end.

ps I like the mdcoa acronym

I did have the odd winning tarde in that trip Joe, although I had a big decision to make that tuesday morning.. Eggs on toast or bananas n yogurt!? I went with the eggs on toast

 

[darktone]

Days ?! They let it run for weeks and months waiting for it to come back . Each to their own , but thats not a feasible way to make a decent living constantly.

Depends if youre all in the one place. If your spreading the risk around those 3, 10, 20 positions youre waiting on fade into the background as the 10s - 100s of + round turns come in the mean time.

 

[piphoe]

i s NQ here 4787

bang!

 

[piphoe]

if i wanted to trade the ftse, would own it strait up.

but have my hands full here in US trading US contracts. so really busy right now

i can't take another contract on, i wish i could help ya'll

 

[itspossible]

 

[darktone]

if any here are banking off the ftse, i would be surprised

i'd love see some evidence of it because that contract is untradeable

if i wanted to trade the ftse, would own it strait up.

but have my hands full here in US trading US contracts. so really busy right now

i can't take another contract on, i wish i could help ya'll

 

[piphoe]

what you hanging on my every word?

ya, the ftse is a hard beast to trade..

if i focused my atten on it...i'd own it. full stop

 

[itspossible]

what you hanging on my every word?

ya, the ftse is a hard beast to trade..

if i focused my atten on it...i'd own it. full stop

OWN IT ON YOUR OWN THREAD:innocent:

 

[darktone]

what you hanging on my every word?
Of course, its where the lulz are at

ya, the ftse is a hard beast to trade..
its just another price that goes up and down

if i focused my atten on it...i'd own it. full stop
I know you would mate, u da bomb strait up!

Nobody can touch your moves bro

 

[piphoe]

OWN IT ON YOUR OWN THREAD:innocent:

you know is just might!

it would be a complete worthless waste of my time, but i just might.

give me 3 weeks and i 'll own any instument on this planet..

because i look at the big picture, i trade the big picture

 

[joseph1986]

Just another market , it is just less volatile thats why some find it hard to trade it and btw this applies to forex as well . Big difference between eurusd and NFLX .

Yes the snp 500 dow and nasdaq are more volatile than ftse and they are easier to trade

how are you still trading?

 

[timsk]

Yes the snp 500 dow and nasdaq are more volatile than ftse and they are easier to trade . . .

Hi joseph1986,
Are you saying the U.S. indices are easier to trade than the FTSE 100? If so, I disagree in that no one market is 'easier' to trade than another in an empirical sense. Sure enough, virtually all traders have their favourite market which they choose in part at least because they view it as being less hard to trade than other markets. But that's purely subjective. Those who trade the FTSE100 find it easier to trade than the S&P 500. If it were otherwise then, all other things being equal, they'd trade the latter instead.
Tim.

 

[barjon]

FTSE is so heavily influenced by the US you almost finish up trading the US second-hand - but more sedately

 

[joseph1986]

Ftse eager to move higher.

 

[joseph1986]

FTSE is so heavily influenced by the US you almost finish up trading the US second-hand - but more sedately

To pips credit ftse was fairly straight forward and easy to trade pre brexit but started to just move randomly since august

 

[Atilla]

I think FTSE is very difficult to trade.

Big moves in any of the sectors like chemical & pharmaceutical, oil or finance & banks can shift the FTSE against the trend. There is also the usual Asian session, bond yields, inflation and interest rate news to consider. So many factors adds to unpredictable moves .

Then the US session kicks in the afternoon and another big influence weighs in.

Because FTSE is predominantly a global company index, one really needs 360 vision to follow and track it.


Trading on just TA is folly imo. :whistling

 

[barjon]

Worth watching ar 8:30, 9:00, 10:00 and 15:00 for attempted reversal or significant continuation on reversal failure. 10:00 and 15:00 best.

 

[psaTrading]

Fed Chairman James Bullard said yesterday that it is quite likely that there will be a rise in interest rates in December, unless there is some surprise. At the present stage, the money markets give a 90% probability to an increase in key rates at that date.

 

[joseph1986]

My two cents since Janet yellen is on T.V. Here
Negative rates reflect the particular appetite of economic actors for safe assets such as sovereign bonds. As the demand for these bonds increases, the fixed yield of these bonds diminishes to the point of entering the negative zones. This does not discourage investors who continue to prefer these assets to other riskier ones. Banks are obliged to buy them in order to have collateral available. Speculators in the money markets buy them because they hope to gain by selling them at more expensive prices once the rates continue to fall. Insurance companies have an obligation to hold them.

This is however not the purpose of central banks which throughout the world are struggling to find ways of becoming more resourceful to push banks to lend and businesses to invest by borrowing. Through what is now commonly called quantitative easing, their advertisements of working effectively are increasingly hailed as 'successful' yet we only see promises of shortening its duration.

How do we explain this situation? By virtue of the lack of appetite for risk-taking on the markets and, consequently, the low demand for corporate debt. Why are companies so unprofitable? :

- The profit prospects in our economies are very low due to too many institutional rigidities.
- Secondly and most importantly, it must be remembered that the 2008 crisis greatly devalued the assets of companies that have huge debts to repay. Therefore, conscious of the weight of it, they want to reduce their risk-taking and reduce their debt. Broadly speaking, companies prefer to reduce their debt indefinitely rather than take new risks by using credit. They prefer to clean up their balance sheets and invest again only when they have sufficient equity or when the valuation of their assets is sufficiently robust to guarantee additional indebtedness. Since 2008, many companies have discovered that they do not meet either of these conditions. The weakness of credit signals a weak demand, resulting from companies' reluctance to invest in the current environment.
- Thus, the eurozone is globally in a phase of deleveraging under the weight of countries like Germany, Portugal, Spain, Hungary. The United Kingdom may be said to be in a hoarding phase, the United States is very close to net deleveraging and Japan is now deleveraging For 25 years.

In a classic crisis, debt falls rapidly under bankruptcy and there is rapid restructuring of assets as businesses and individuals boost the economy. In the japanese situation, companies reduce their debts only very slowly and restructure their assets only as they are able to meet their obligations. In this type of crisis, companies are making surpluses (unlike what they do in a normal context), personal surpluses are diminishing and states take over businesses and generate more and more deficits. The goal: keep the economy afloat. Meanwhile, the economy is stagnating. This is EXACTLY what happened in Japan after the crisis in the late 1980s.

Conclusion

One must understand the situation in which one is in if not to change it to adapt to it. We need to take stock of the risks that these unconventional monetary policies pose to us:

- It will be very difficult to get out of a policy of extremely low or even negative rates;
- The flattening / deformation of the yield curve makes the investment risk for companies unreadable;
- Addiction to public debt puts the problem into the future with companies that increasingly rely on public support and move away from serving consumers in a sound economic calculation;
- The low rates make it very fragile industries specialized in protection against the vagaries of life, especially insurers.
- It is the Japaneseization of our economies.

 

[piphoe]

piphoe is short NQ 4820.25