Anyone scalping the FTSE Futures??

SuddenDeath said:
CNBC were discussing this in the morning

"Bond 'Death Cross'? Why Yields May Fall Below 1 Percent"

Bond 'Death Cross'? Why Yields May Fall Below 1 Percent
Click to expand...

What a ridiculous and incorrect story, Bonds have been selling off not going bid, yields rising, normally you talk about a death cross in price terms which would mean yields rise, but even so market would be moving away from his death cross as yields up nearly 40 bps of late
 
SuddenDeath said:
you have IG as back up ?
Click to expand...

Yes - I hold 2 accounts - you never know when one will "not offer prices".
As well as being a good trader and placing stops and limits on my trades if one platform is down I can 'hedge' by buying selling the opposite trade on the other platform.
The only problem this time was i didnt know if my trades had hit their stops because the whole platform froze.:rolleyes:
 
postman said:
Yes - I hold 2 accounts - you never know when one will "not offer prices".
As well as being a good trader and placing stops and limits on my trades if one platform is down I can 'hedge' by buying selling the opposite trade on the other platform.
The only problem this time was i didnt know if my trades had hit their stops because the whole platform froze.:rolleyes:
Click to expand...

Who needs stops just go long and you will never see the price you bought again :)
 
postman said:
Yes - I hold 2 accounts - you never know when one will "not offer prices".
As well as being a good trader and placing stops and limits on my trades if one platform is down I can 'hedge' by buying selling the opposite trade on the other platform.
The only problem this time was i didnt know if my trades had hit their stops because the whole platform froze.:rolleyes:
Click to expand...

that is excellent postman
 
taking some profit on half my dax short here ! we all know what happens on the open 1
 
On important scheduled news/numbers releases like the US ones at 13:30 and 15:00 today, have you guys ever placed a trade with a tight stop in advance of the release - with the purpose being to catch a gap or sharp move?

I took a small DAX short at 8396 (now closed) before the 13:30 drop but I was thinking, what about taking a large short position with a tight stop? That way if the numbers go your way then you catch a swift and large fall, but if numbers go against you then you just get stopped out.

So for example I could have gone 50 short on DAX at 8396 with a stop at say 8310. Possible loss £600 but potential profit far greater (40 points today = £2000).

Not sure if this is a valid or good trading move. Probably more Casino style.

What do you think?
 
chimpmagnet said:
On important scheduled news/numbers releases like the US ones at 13:30 and 15:00 today, have you guys ever placed a trade with a tight stop in advance of the release - with the purpose being to catch a gap or sharp move?

I took a small DAX short at 8396 (now closed) before the 13:30 drop but I was thinking, what about taking a large short position with a tight stop? That way if the numbers go your way then you catch a swift and large fall, but if numbers go against you then you just get stopped out.

So for example I could have gone 50 short on DAX at 8396 with a stop at say 8310. Possible loss £600 but potential profit far greater (40 points today = £2000).

Not sure if this is a valid or good trading move. Probably more Casino style.

What do you think?
Click to expand...

is that direct access or spreadbetting

i am guessing direct access
 
chimpmagnet said:
Spread betting.
Click to expand...

I would say u will not get filled at your limit and your stop will not be honoured also.

nice idea reality is it may work on direct access, I tried to place orders above and below the spot about 10 seconds before some big data release but the insiders know how to exploit that type of order, they may spike it both up and down. algo's also know how to exploit those orders you end up providing liquidity to the big players

a slightly better method is to be long and short prior and have your stop on either triggered to make u net long short.
 
chimpmagnet said:
On important scheduled news/numbers releases like the US ones at 13:30 and 15:00 today, have you guys ever placed a trade with a tight stop in advance of the release - with the purpose being to catch a gap or sharp move?

I took a small DAX short at 8396 (now closed) before the 13:30 drop but I was thinking, what about taking a large short position with a tight stop? That way if the numbers go your way then you catch a swift and large fall, but if numbers go against you then you just get stopped out.

So for example I could have gone 50 short on DAX at 8396 with a stop at say 8310. Possible loss £600 but potential profit far greater (40 points today = £2000).

Not sure if this is a valid or good trading move. Probably more Casino style.

What do you think?
Click to expand...

If you think the move is going to be big either way then you place 2 trades with tight stops in opposite directions.
So long with a stop of 20 and a limit of 50 and short same stop and limit. It's called a strangle. your loss is 20 and your profit 50 if the market moves enough.
Spread betters are wise to this and spike the price the opposite way to the real move to take out the 'correct' trade first. Then the market does the rest!
 
chimpmagnet said:
On important scheduled news/numbers releases like the US ones at 13:30 and 15:00 today, have you guys ever placed a trade with a tight stop in advance of the release - with the purpose being to catch a gap or sharp move?

I took a small DAX short at 8396 (now closed) before the 13:30 drop but I was thinking, what about taking a large short position with a tight stop? That way if the numbers go your way then you catch a swift and large fall, but if numbers go against you then you just get stopped out.

So for example I could have gone 50 short on DAX at 8396 with a stop at say 8310. Possible loss £600 but potential profit far greater (40 points today = £2000).

Not sure if this is a valid or good trading move. Probably more Casino style.

What do you think?
Click to expand...

you will need a guaranteed stop ....
 
You must log in or register to reply here.

Similar threads

O
Scalping
Replies
7
Views
4K
roberk
R
O
Futures scalping
Replies
10
Views
4K
neil
neil
D
Pivot Point Scalping on the ES
Replies
7
Views
7K
dancorcal
D
S
Scalping the Dow
2 3 4
Replies
67
Views
19K
Dave1971
D
O
Futures micro trading (scalping)
Replies
1
Views
3K
SuperDriveGuy
S
Top