Anyone scalping the FTSE Futures??

[postman]

So everyone who trades the S&P is expecting good news and everyone who trades the Dow is expecting bad news.... No manipulation here at all !

 

[postman]

S&P within 10 handles of target. Easy.
My Dow position - now in profit +1

 

[postman]

Come on S&P you can do it...

Get ready for the sell off when it gets there. :clap:

 

[postman]

Oh yes - the Grind is on - those Algos will be working overtime....

 

[postman]

Bulls always win these wars of attrition.
Falls are quick.

 

[postman]

Oh well I did my best to talk it up.
Looks like the S&P has given up on 1848.
Surprised that Dax closed near unchanged today.

 

[Jessi_trader]

Oh well I did my best to talk it up.
Looks like the S&P has given up on 1848.
Surprised that Dax closed near unchanged today.

Whats next tomorrow and Friday :innocent:

 

[postman]

Whats next tomorrow and Friday :innocent:

I wish I knew.
Dow down 68, S&P down 0.39.
My Dow long is up 1.74 points but I caught a little side action.
You cant say it wasn't fun today.

 

[DB0404]

what are peoples thoughts on what will happen on various BOE decisions and levels etc

 

[SuddenDeath]

morning everyone

everything re: boe ecb is priced in, they have "guided" the market

 

[SuddenDeath]

52 week high for BP 496.7

 

[hereward the wake]

Morning all

 

[SuddenDeath]

hi htw

 

[SuddenDeath]

markets to get bullish need sp500mar =>1830.5

 

[SuddenDeath]

anyone keep an eye on boe gilt buying?

 

[SuddenDeath]

europe leads US in bounce

 

[SuddenDeath]

wonder if someone has leaked the minutes from either boe or ecb meetings?

 

[SuddenDeath]

markets to get bullish need sp500mar =>1830.5

it broke 1830.5 and is at 1837 at climbing (approx 24 ftse pts)

 

[jonny834]

Scalping indices

I have been paper trading the FTSE Futures for over a year now, with occasional trades live. I would like to find other FTSE Futures Traders and compare notes.

Hi Martin
I trade Dax - I know not FTSE futures, I know - but there are real similarities between our respective trading although you describe your trading style much more eloquently than I do mine. I describe my trading pattern as watching for any change in direction of short term price - 3-5 mins - whilst taking note of the developing trend across 3min to 1 day timescales. Now, no-one can knock you for the profits you make - but you work soooo hard for your money. You are asking for feedback on different ways of reducing trades volume. I would repeat here advice from professional traders - cut your losses and run your profits. You say your average gain is £35. I dont think you are running profits. My guess is that you are so glad to see blue you rush to take the money and well done you.
I agree with Mornington - you must be drained at the end of each day. My advice, If I dare offer any to someone who has so much going for them, would be to gradually move away from one minute charts towards three and keep a second screen with 10/15 minutes chart. Secondly, backtest all your trades and see what proportion of them went on to much bigger gains - money you could have had - and my guess is that 25% would have earned you over £100 each. Only needs a mathematical calc to develop this strategy. For example, moving your sl in price direction instead of closing all these winning trades could lock in maybe 65% of your current earnings and the rest will increase your earnings eventually with fewer trades. Any help?

 

[hereward the wake]

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