Anyone scalping the FTSE Futures??

[SuddenDeath]

Dow on hourly chart looks to have massive inverse head shoulders neckline 12,890

currently 12,904

finally a pattern i spot does actually exist

 

[Dick Lexic]

i think mr bull was targeting sp1400 ....he'll want a close above...maybe they'll oblige with a higher high

 

[SuddenDeath]

i think mr bull was targeting sp1400 ....he'll want a close above...maybe they'll oblige with a higher high

US indeices weak relative to UK,

uk retraced 65% or more, and US not even done 38%

 

[Dick Lexic]

i think mr bull was targeting sp1400 ....he'll want a close above...maybe they'll oblige with a higher high

new high for s&p but not for ftse.....they like to keep us guessing


ftse ..new high after hours

 

[kul]

latest on karen the super trade 100m plus
https://www.youtube.com/watch?feature=player_embedded&v=QZ6B0lJR5Xw#!

 

[bustech]

Morning All
BHP - +0.77%
RIO - Flat
Asian markets up, HK down, had a big up close on Friday.
Markets have opened on there highs and drifted lower.
Markets look a little stretched in this part of the world.
New Zealand share market hits 5 year high.
Santa may have got November mixed up with December.

 

[jungerns]

Morning Bustech and Morning all...........

 

[SuddenDeath]

morning bustech and jungerns

 

[Dick Lexic]

Morning All
BHP - +0.77%
RIO - Flat
Asian markets up, HK down, had a big up close on Friday.
Markets have opened on there highs and drifted lower.
Markets look a little stretched in this part of the world.
New Zealand share market hits 5 year high.
Santa may have got November mixed up with December.

well poor santa has a lot on his mind....

The Spoof : Christmas Crisis - Eurozone Contagion Hits Lapland funny satire story

 

[SuddenDeath]

well poor santa has a lot on his mind....

The Spoof : Christmas Crisis - Eurozone Contagion Hits Lapland funny satire story

 

[barjon]

mornin' all

 

[SuddenDeath]

former mpc member david blanchflower

The CBI found that manufacturers expect to reduce output over the next three months, while overall orders are relatively flat. Of the 409 manufacturers responding, only 19 per cent expect to increase their volume of output over the next three months and 28 per cent expect it to fall. The resulting balance of minus-9 per cent marks the lowest prediction this year. This suggests GDP growth in the fourth quarter will turn negative again.

David Blanchflower: David Cameron's economic gibberish - David Blanchflower - Business Comment - The Independent

morning barjon

 

[SuddenDeath]

eurusd weak and money running into 10yr treasury, dollar strong.

FTSE 5800 implies dow minus 100

 

[bustech]

Held a short FTSE over the weekend in the pound currency.
Had to pay interest on my short position.
Before always held longer term FTSE trades in the AUD and got paid interest for a short. May have something to do with the rates from the RBA and BOE.
Not a big deal, but got me thinking.

For example -

365 day divisor is used for UK, Singapore and South Africa markets, and a 360 day divisor is used for all other markets.

Market : FTSE 100 (£2 Mini Contract)
Direction : Short
Number of Lots : 2
Value of One Pip : £2
Applicable Annual Interest Rate : LIBOR = 0.4963 indicatively Underlying Index Price at 10 pm (UK Time) : 5680

Daily interest adjustment = 2 x £2 x 5680 x [(0.4963 - 2.5%) / 365 days] = - £1.25

 

[bustech]

Held a short FTSE over the weekend in the pound currency.
Had to pay interest on my short position.
Before always held longer term FTSE trades in the AUD and got paid interest for a short. May have something to do with the rates from the RBA and BOE.
Not a big deal, but got me thinking.

For example -

365 day divisor is used for UK, Singapore and South Africa markets, and a 360 day divisor is used for all other markets.

Market : FTSE 100 (£2 Mini Contract)
Direction : Short
Number of Lots : 2
Value of One Pip : £2
Applicable Annual Interest Rate : LIBOR = 0.4963 indicatively Underlying Index Price at 10 pm (UK Time) : 5680

Daily interest adjustment = 2 x £2 x 5680 x [(0.4963 - 2.5%) / 365 days] = - £1.25

Got it.

Same reason for shorting AUD.
Mission impossible to short AUD, FTSE and DOW on the longer term.

 

[SuddenDeath]

very quiet today, looks like dow wants to consolidate fridays low volume surge

 

[SuddenDeath]

Got it.

Same reason for shorting AUD.
Mission impossible to short AUD, FTSE and DOW on the longer term.

because of interest rate differential ? the currency carry trade is working against you?

 

[bustech]

because of interest rate differential ? the currency carry trade is working against you?

That's it SD.
Very quiet today.
Waiting for Greece decision and after the big US move(black friday maybe?).
Hope the markets will hold and will look to short in Asia on Tuesday on any sharp move up on the Greek call.

 

[SuddenDeath]

u did a nice short on FTSE,

 

[jungerns]

Not sure how many of thread readers get updates from FTSE Day Trader and I know a lot of people respect him so have put link up.............

I can add on Daily Basis for any who don't subscribe so let us know here......??

Will the bears pop in this week? | FTSE Day Trader - Day Trading the FTSE 100