Anyone scalping the FTSE Futures??

[barjon]

late mornin' all

10:00am struck but didn't want to be short so waiting for a long since ftse is net weak vs dow today so far.

 

[SuddenDeath]

morning barjon

 

[Talbs!]

T/P on my Dax shorts will look again after US numbers

 

[barjon]

..............I'm also on the understanding that at some point I will blow another account,...................

Lee

I'm glad you said that because everyone I know who has tried this approach has sooner or later hit the buffers with that one trade (you only need the one) that goes wrong. Usually they've run out of money well before the final "addition" that would (might) have turned the trick.

At worst, that's bankrupted them in terms of "trading" money. At best, it's wiped out years worth of carefully garnered profit.

Cheers

jon

 

[SuddenDeath]

Lee

I'm glad you said that because everyone I know who has tried this approach has sooner or later hit the buffers with that one trade (you only need the one) that goes wrong. Usually they've run out of money well before the final "addition" that would (might) have turned the trick.

At worst, that's bankrupted them in terms of "trading" money. At best, it's wiped out years worth of carefully garnered profit.

Cheers

jon

it may be possible to use options to hedge yourself. cost "free"

 

[barjon]

it may be possible to use options to hedge yourself. cost "free"

yes, there are several insurance type tactics you can employ. On a lesser scale that was what got me into pair trading - firstly, to hedge my equity stuff which then developed from there into the ftse/dow thing.

 

[SuddenDeath]

yes, there are several insurance type tactics you can employ. On a lesser scale that was what got me into pair trading - firstly, to hedge my equity stuff which then developed from there into the ftse/dow thing.

your dow/ftse is a great low risk method of trading, are u able to get low margin because u are hedged ?

 

[barjon]

your dow/ftse is a great low risk method of trading, are u able to get low margin because u are hedged ?

not really looked, sd. I'm always miles within account limits. If you were wanting to trade small - say £1 ftse, 50p dow - margin'd be around £135 overall I think.

 

[SuddenDeath]

not really looked, sd. I'm always miles within account limits. If you were wanting to trade small - say £1 ftse, 50p dow - margin'd be around £135 overall I think.

ok. its a good system,

 

[jeffre4]

so whose going to call the top are is it just going to keep going?

 

[samspade79]

so whose going to call the top are is it just going to keep going?

You have to be an old timer to even remember what a top / red day is.

 

[SuddenDeath]

SP500 march pivots

Buy 1500.1
Sell 1498.9

 

[SuddenDeath]

bad US GDP, ftse strangely was falling BEFORE the data release

 

[samspade79]

bad US GDP, ftse strangely was falling BEFORE the data release

That deserves a drop of 2 points for a few minutes I'd say.

 

[SuddenDeath]

That deserves a drop of 2 points for a few minutes I'd say.

 

[Splitlink]

That's incredible! I just put an order on Dax to buy and close at 7820, in case anything happened while I was away for an hour. Had a chat to my wife, for a minute, and it's gone, 22 points to the good!

 

[samspade79]

Joking aside, you know the market is full on bull when atrocious GDP barely makes a dent. US will be back in recession and SP will be 1600.

 

[barjon]

bad US GDP, ftse strangely was falling BEFORE the data release

that's several times in the last couple of weeks that ftse has anticipated happenings in US - someone must have an inside track

 

[barjon]

That's incredible! I just put an order on Dax to buy and close at 7820, in case anything happened while I was away for an hour. Had a chat to my wife, for a minute, and it's gone, 22 points to the good!

you should chat to your wife more often then

 

[SuddenDeath]

anyone looked at the chart of JPM or GS recently