Anyone scalping the FTSE Futures??

[wallstreetwarrior87]

I think this could go all the way to 27550

Could do based on the 30 min time frame.

These were off 1 min TF so was able to have max 25 pt stops, so that fits in with my style, dont like them much bigger than that

 

[wallstreetwarrior87]

If we can fall down to 400 again and hold then that would be a better opportunity for me personally, if it doesnt fall back than ill leave it.

 

[Dowser]

Could do based on the 30 min time frame.

These were off 1 min TF so was able to have max 25 pt stops, so that fits in with my style, dont like them much bigger than that

Yes, was looking at the 15 min T/F...

I thought my 100pt stops looked puny in this market - you're a brave man!

 

[counter_violent]

Yeah it's a Sombrero bottom. (glorified inverted H+S) on the Nas at any rate.
2 trades running, profits on both locked in trailing stop, targeting 9078 for all out.

Dow bottom not as clear cut.

 

[wallstreetwarrior87]

Now on the next leg you would want to see more dumping to confirm their panic, if not, then they are happy and safe short, so will will roll back over.

 

[Dowser]

I think there will be a few trapped in the 27550-650 area

 

[wallstreetwarrior87]

Yeah it's a Sombrero bottom. (glorified inverted H+S) on the Nas at any rate.
2 trades running, profits on both locked in trailing stop, targeting 9078 for all out.

Dow bottom not as clear cut.

Ah I remember that one!!!

 

[wallstreetwarrior87]

NQ is at that zone I was concerned about - lets see

Volume should give a clue here -

 

[Dentalfloss]

 

[Dentalfloss]

r ya feelin blue ?

 

[Dentalfloss]

grey is first supp area

 

[wallstreetwarrior87]

Now on the next leg you would want to see more dumping to confirm their panic, if not, then they are happy and safe short, so will will roll back over.

Dumping didnt happen then we fell 120 pts - got none of this though, had to nip away for a bit . Now we have to bring in some more short term shorts to squeeze out, to then force the 30mins to dump, if not we are rolling over again.

 

[wallstreetwarrior87]

The selling at 4.30 and 4.35 should be enough to have another go -

 

[counter_violent]

ok trail stops hit @ 8987
1 of the trades + 230 points wow speculative long entry, then used pattern to manage the profit.

 

[wallstreetwarrior87]

The selling at 4.30 and 4.35 should be enough to have another go -

Not enough to pop NQ above 920 - more work to do

 

[counter_violent]

Levels of interest to get long. H+S RHS formation.

Dow 26,995 Must be above this level otherwise pattern invalid.
Nas 8805 Must be above this level otherwise pattern invalid.

 

[Dentalfloss]

r ya still R ya still feelin blue.?

 

[Dentalfloss]

sellers willwant blue as rez

 

[Dentalfloss]

worked a treat...overshot our blue before it recovered

 

[Dentalfloss]

lookin a tad nasty now