Anyone scalping the FTSE Futures??

[Jessi_trader]

Morning All

Looks like a busy day. Lots of economic data out today including euro GDP.

JT

 

[Jessi_trader]

I have set stop loss just above 16000 and kept £200 aside for this testing. it will be fun

I have also hedged my short position with JAN option such that I will never lose more than £25 no matter how up DOW goes.

JT

 

[ianhey]

Good morning all

Short DAX 9120. Stop 50.

DAX has struggled to close above this level.

Ian

 

[hereward the wake]

Morning troops

 

[SuddenDeath]

good morning everyone

dow adding to its strong close yesterday

 

[superstunner]

morning guys. europe markets looking gd

 

[SuddenDeath]

larry elliott yesterday questioned the boe forecasting record

Our economics editor Larry Elliott calls the Bank of England's forecasting record to account.

Larry asks:

You failed to spot the recession in 2008, you failed to spot the flat-lining economy in 2010, and now you've failed to spot the stronger recovery. How can we have any faith in the forecasts that underpin forward guidance?

Carney defends the Bank's record, says that it's confident that it's predictions are on the right path. He adds, though, that he's trying to make the forecasts more transparent to that doubters can better understand the bank's thinking.

He then bats the question over to chief economist Spencer Dale -- who says that weaker global demand was one reason the Bank's UK growth forecasts were too optimistic in the past.

Dale also argues that the real power of forward guidance is that people understand the Bank's approach to monetary policy, rather than its forecasts.

 

[barjon]

mornin' all

ftse opened -28 weak vs dow after a net -55 weak day yesterday. My bacon was saved yesterday by a burst of strength between 3pm/4pm, but I'm long/short again today already albeit nervously

 

[SuddenDeath]

morning barjon

ftse has severely underperformed dow. dow making new highs ftse about 130 below

 

[barjon]

morning barjon

ftse has severely underperformed dow. dow making new highs ftse about 130 below

aye, generally it's still oscillating between relative weakness and strength, but the weaknesses are far outstripping the strengths. Yesterday it was weak throughout (on my hour by hour record) except for that one hour which pushed me into the green although not by much - took it gratefully given the way the day had gone.

Today's doing better so far but I can't help feeling that ftse is nervous about being up here at the moment.

 

[SuddenDeath]

aye, generally it's still oscillating between relative weakness and strength, but the weaknesses are far outstripping the strengths. Yesterday it was weak throughout (on my hour by hour record) except for that one hour which pushed me into the green although not by much - took it gratefully given the way the day had gone.

Today's doing better so far but I can't help feeling that ftse is nervous about being up here at the moment.

ftse seems to be limited by the implied volatility, iv implied ftse could not get passed 6760, and this acted as resistance pretty well on closing basis

think may have to do iv for dow.

 

[hereward the wake]

aye, generally it's still oscillating between relative weakness and strength, but the weaknesses are far outstripping the strengths. Yesterday it was weak throughout (on my hour by hour record) except for that one hour which pushed me into the green although not by much - took it gratefully given the way the day had gone.

Today's doing better so far but I can't help feeling that ftse is nervous about being up here at the moment.

It's bang on the 50% level

 

[barjon]

mmm, it's given up that early relative strength now and traded the first hour flat. I'm beginning to get my toes a bit wet

 

[barjon]

mmm, it's given up that early relative strength now and traded the first hour flat. I'm beginning to get my toes a bit wet

glug, glug

 

[SuddenDeath]

dow overnight hourly chart has the weirdest pattern.

 

[hereward the wake]

dow overnight hourly chart has the weirdest pattern.

show us a chart then i'm here

 

[SuddenDeath]

show us a chart then i'm here

Dow entered tight range overnight. as though a level has been agreed upon.

.

 

[barjon]

mmm, it's given up that early relative strength now and traded the first hour flat. I'm beginning to get my toes a bit wet

...traded second hour flat, too - I batting at b/e now

 

[hereward the wake]

...traded second hour flat, too - I batting at b/e now

with your finger in the dyke

 

[hereward the wake]

Dow entered tight range overnight. as though a level has been agreed upon.

.

Yes... funny that :innocent: