Recent content by MartinC-J

  1. M

    Anyone scalping the FTSE Futures??

    Hi Dick All is well. Thanks for saying hi. Have been listening in on some trading rooms these last few months, so haven't had time to post here. Hope you are doing well and seeing the market clear. Have found the ftse much harder to trade than the Dax or ES of late. It always seems as if...
  2. M

    Anyone Scalping FTSE/DAX/DOW !

    Haven't checked in for a while, and discover that the thread I started has been pulled, and possibly that barjon has been banned. God knows what happened, but I am sorry to see it. Barjon was always very helpful and I find it hard to believe he has done anything to cause problems with the T2W...
  3. M

    Anyone scalping the FTSE Futures??

    Well I wouldn't call that a grind higher. More like a gold rush. I am short at the close, because I just don't believe it. Small potatoes only.
  4. M

    Anyone scalping the FTSE Futures??

    Right, we got the retest of the low at 11:10. Now we've got the push back up to test the highs, and it really depends on what happens next if we grind higher for one more day, or if we have a more meaningful pullback prior to non farms on friday. A break above yesterday's high probably means...
  5. M

    Anyone scalping the FTSE Futures??

    What finally did it for me this morning was the break on the hourly chart below the low of the 9am candle. When it broke below 6262, that was a sign that whoever was supporting the price finally gave up and let the FTSE follow the DAX and ES. It also broke down out of a channel that had held...
  6. M

    Anyone scalping the FTSE Futures??

    The thank yous go to SD and barjon and many others for keeping this going. It's not a scalping thread which is fine with me. What's so good is that we have all types of traders here and they are prepared to share their knowledge with all.
  7. M

    Anyone scalping the FTSE Futures??

    At 10 am, FTSE was up 7pts, Dax down 10 pts, and ES down 1.5 pts from the open at 8am. FTSE was being supported, and whoever the big player that was doing it, was trying his best to support the price. Now that the price has finally broken, I expect the FTSE to catch up with the others.
  8. M

    Anyone scalping the FTSE Futures??

    Many thanks SD. That's a really comprehensive answer. I do remember going through this before and I think I arrived at the conclusion that its hard to tell which way it will end up. I am probably better just sticking with my charts and watching the price action unfold at 10:10 am on the...
  9. M

    Anyone scalping the FTSE Futures??

    SD I need a bit of options 101 here. Firstly, thanks for the screenshot of the call and put numbers for January. Where did you get that table from ? I take it that the strike price is the FTSE cash at 10:15am, and not the Futures price. Secondly, if that is the case the FTSE cash was 6167 at...
  10. M

    Anyone scalping the FTSE Futures??

    Talbs - I would be cautious about believing there is a link between cable and the FTSE. The FTSE doesn't have a lot to do with the UK any more. Just because cable is selling off doesn't mean FTSE will. The FTSE is taking its lead from the Dow which is making 5 year highs. As with cable, it's...
  11. M

    Anyone scalping the FTSE Futures??

    Don't you just love options expiry. This was nicely forced higher into 10:15am. On most occasions it should drift back now. There was one exception recently, but I favour a drift back to 6100 futures.
  12. M

    Anyone scalping the FTSE Futures??

    Many thanks dc. The 6072 level on the FTSE futures is quite a strong one, so I am waiting to see if it gets above here, which at the moment looks unlikely, but we may get a push at 4:30pm. I think the ES may already be done as well. Lets see how strong a second attempt it makes on 1462.50...
  13. M

    Anyone scalping the FTSE Futures??

    afternoon SD. I find it hard to decide what importance to give to out of hours levels. 7 am to 8 am FTSE levels are ok, but 2 am or 3 am, I just don't know. Bit of a wild afternoon today. Looks like we got the 127% fib extension on the FTSE, and the ES held the 161.8%, and put in a nice...
  14. M

    Anyone scalping the FTSE Futures??

    Lots of volume on the FTSE futures in the last hour. Usually volume is dead over lunchtime, today there has been some big action. Highest volume hour of the day. FTSE currently at 127% at 6044.2. The ES has already put in its 161.8% extension. Maybe a bit of a pullback before more selling.
  15. M

    Anyone scalping the FTSE Futures??

    dc - do you pay attention to any futures prices outside the hours of 8am to 9pm GMT? And for your Taylor technique do you just use the FTSE cash open, hi, low and close numbers? I am just focusing on swings with the FTSE futures and ES. I just keep looking for fib extensions and retracements...
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