Anyone scalping the FTSE Futures??

In terms of economic indicators, the number of weekly applications for unemployment benefits stood at 211,000, compared to 225 000 and then 209 000 in the previous week. The ISM index for the services sector stood at 56.80 compared to the projected 58.00 and the trade deficit reached 49 000 M.USD, below the expected 50 000 M.USD. Factory orders increased 1.60% in March (vs. 1.40% estimated), while orders for durable goods grew 2.60% in the same month.
 
Wall Street was trading higher as investors reacted to the employment report, highlighting Apple's shares favoring stock indexes. The government reported that during April, the US economy created 164,000 jobs, down from 192,000 expected by economists. On the other hand, the increase in average hourly wages also fell short of expectations (0.15% vs. 0.20%). We must remember the importance of this last indicator, since in many economic cycles are the precursors of inflation. The US unemployment rate fell from 4.10% to 3.90% in April, down from 4%. In the business field, Apple rose 3.42%, after investor Warren Buffett revealed that during the first quarter acquired 75 million shares.
 
Well the pound has bottomed out so maybe we will see that downside on the ftse now.

Short 7622 - the spread Arrrggghhh !!!!!
 
Looking at pound as a short term bottom via covering, then more downside in the coming weeks. Think we need lower to flush out hangers on, before we can resume a sustainable upside move again.

Still see massive buying business being done on ES 2600 zone 3 times now over the last few months. I do worry when it "appears" too obvious, but the action thus far isnt lying. We are now away from the safety net again (currently).

In years gone by - the old mantra used to be "sell in May and go away". Markets seem to have changed - so im going for "Buy in May and go away" instead.

The US is only 1 push away from a massive squeeze IMHO.

But also so so so so so many intraday plays available, so something for everyone to get stuck into!
 
European markets closed mostly, rising, favored by the weakness of the Euro. The weakness of the European currency has led it to trade at 1.19 against the Dollar, a level not recorded since December 2017. To justify the weakness of the common currency, there is the significant difference between US and German yields and the recent slowdown in the European Economy. In March, orders to industry decreased by 0.90% (on a monthly basis), compared to forecasts of 0.50%. In the first quarter, the German economy was negatively conditioned by factors such as bad weather and a series of strikes that marked that period. During the day, the mining and oil sectors stood out. Crude oil prices gained more than 1% as a result of retracement of the Dollar and the indications that President Trump would be inclined to impose sanctions again not only on Iran but on Venezuela.
 
Very irritating getting stopped out at the open to the pip on the ftse on a limit order on a spike at the open ( not the first time!),That's one of the problems of order based trading.
7600 should be a good rez area, if it breaks then good sp as well.
Need to develop a better strategy for the open. Maybe a mental stop followed by physical....
 
swissy said:
Very irritating getting stopped out at the open to the pip on the ftse on a limit order on a spike at the open ( not the first time!),That's one of the problems of order based trading.
7600 should be a good rez area, if it breaks then good sp as well.
Need to develop a better strategy for the open. Maybe a mental stop followed by physical....
Click to expand...

Ooooh that was my 2,000 post (most of it is drivel and banter btw)
 
swissy said:
Very irritating getting stopped out at the open to the pip on the ftse on a limit order on a spike at the open ( not the first time!),That's one of the problems of order based trading.
7600 should be a good rez area, if it breaks then good sp as well.
Need to develop a better strategy for the open. Maybe a mental stop followed by physical....
Click to expand...

She's very lively ATM.
I holding a gain of between 50 and 70 points depending on the time of day, just waiting for that trend line to crack I posted last week.
 
Technical traders operate on different time scales, producing detectable signals in price time series, subsequently memory effects are introduced in the price dynamics through a specific figure called supports and resistances. In fact prices more likely re-bounce than cross these values.
 
psaTrading said:
Technical traders operate on different time scales, producing detectable signals in price time series, subsequently memory effects are introduced in the price dynamics through a specific figure called supports and resistances. In fact prices more likely re-bounce than cross these values.
Click to expand...

"More likely" doesn't mean "it will" ! ;)

I've added tomorrows candle in just for good measure. :)
 

Attachments

  • AndYet.png
    AndYet.png
    42.3 KB · Views: 73
I dont know what she's thinking but GBP is going up and the Dow is going down so what ftse's is up to is anyone's guess.
Just a matter of time!
 
You must log in or register to reply here.

Similar threads

O
Scalping
Replies
7
Views
4K
roberk
R
O
Futures scalping
Replies
10
Views
4K
neil
neil
D
Pivot Point Scalping on the ES
Replies
7
Views
7K
dancorcal
D
S
Scalping the Dow
2 3 4
Replies
67
Views
19K
Dave1971
D
O
Futures micro trading (scalping)
Replies
1
Views
3K
SuperDriveGuy
S
Top