Anyone scalping the FTSE Futures??

[DaddyJohn]

I got out and went short at 5195 - ES was top of yesterdays value area

but daresay ES will make a push for yesterdays high .. so will take FTSE up again

 

[dc2000]

bloody hell, I feel like Obi Wan Kenobi talking to Yoda...

"2 exits you say they are.. if sell day they do fall on " but what you mean by exits? do you mean exit is average rally from buy day low?

may the force be with you

on a Z day after a buy day Im lookin for 1st high early then pullback and 2nd exit later in trading or early on SS day
in very general terms if we get 2 hits low on buy day within 20 points of each other then I would expect the same after a continuation of the rally on the sell day with one in the morning and another in the afternoon
a dip at end of buy day is also an indicator of where that high is likely to come

 

[DaddyJohn]

Good day today

Rainbow playing "Long Live Rock 'n' Roll"

 

[dc2000]

Good day today

Rainbow playing "Long Live Rock 'n' Roll"

sweet and retro

 

[DaddyJohn]

on a Z day after a buy day Im lookin for 1st high early then pullback and 2nd exit later in trading or early on SS day
in very general terms if we get 2 hits low on buy day within 20 points of each other then I would expect the same after a continuation of the rally on the sell day with one in the morning and another in the afternoon
a dip at end of buy day is also an indicator of where that high is likely to come

I like that !! it is very like MP theory where the market fails to auction enough volume at a range of prices and leaves gaps in the distribution which it has to try and fill later

 

[DaddyJohn]

am signing off now.. man flu still got hold.. going for early beer then home

have a good weekend everyone and thanks for help and insights , hope my two penneth was useful at times.

have a good weekend

 

[DaddyJohn]

sweet and retro

I was in a rock band many years ago and we used to play that song. it was always one of my favourites...but not as favourite as Freebird.. that is the daddy!!!

 

[MartinC-J]

I was expecting the high to have been a little bit higher than 5200, but in retrospect, the 261.8% extension from this mornings low and high comes in at 5199.8, which is where it reversed exactly. Don't usually get too many 261.8% extensions.

 

[Sidekicker]

I was expecting the high to have been a little bit higher than 5200, but in retrospect, the 261.8% extension from this mornings low and high comes in at 5199.8, which is where it reversed exactly. Don't usually get too many 261.8% extensions.

That's interesting because I would take the simple option and just say it reversed at the round number 5200
It happens fairly often I reckon.

 

[DaddyJohn]

Hi all,

before I set out my logic I wanted to ask if anyone else is seeing 4525 as the target for a next leg down??:whistling

 

[Sidekicker]

Hi all,

before I set out my logic I wanted to ask if anyone else is seeing 4525 as the target for a next leg down??:whistling

5300-5350 for me is next short zone.

 

[DaddyJohn]

I couldn't help but notice the following


1) July high = 6084 and August Low = 4791

6084 - 4791 = 1293

1293 / 6084 *100 = 21.25%

2) Oct high = 5747

5747 * 21.25% = 1221

5747 - 1221 = 4526

4526 is a very significant resistance level

(all prices are FTSE cash)

 

[DaddyJohn]

I couldn't help but notice the following


1) July high = 6084 and August Low = 4791

6084 - 4791 = 1293

1293 / 6084 *100 = 21.25%

2) Oct high = 5747

5747 * 21.25% = 1221

5747 - 1221 = 4526

4526 is a very significant support level

(all prices are FTSE cash)

 

[DaddyJohn]

I couldn't help but notice the following


1) July high = 6084 and August Low = 4791

6084 - 4791 = 1293

1293 / 6084 *100 = 21.25%

2) Oct high = 5747

5747 * 21.25% = 1221

5747 - 1221 = 4526

4526 is a very significant resistance level

(all prices are FTSE cash)

ignore this.. see other post

 

[wallstreet1928]

FTSE 100 - Only QE 3 can save this market, Will Santa bring QE 3?

Will the Italian bailout be the fuel for the short covering rally until santa(uncle ben) takes over ???

 

[Dick Lexic]

ignore this.. see other post

well i tend not to look to far either way lately so i'm watching 150 for some direction. i see dow as the dark horse.

 

[Dick Lexic]

good evening ws i see you are active on this thread i hope you have a pleasant evening.

 

[wallstreet1928]

good evening ws i see you are active on this thread i hope you have a pleasant evening.

Good evening my friend, i hope you are well and have had a good weekend.

I try to share my analysis on here as there are some very good traders posting there views on here, and may they continue to enjoy success.

Success is our goal , if we can achieve it together then united we rise , united we fall.

I keep posting my view backed up with fundamental and technical arguments, as my teacher taught me ..........a view is pointless without TA/FA arguments !!

very important to substantiate provide evidence for your point of view as this helps new traders learn and encourages a healthy debate. Thereby allowing yourself to question your own analysis if somebody else has a stronger argument


Become a Sophist like Aritotle and Plato

 

[dc2000]

bish bash bosh 226

 

[Dick Lexic]

it is good that you share and wish success to others but are you aware of the possible misunderstandings here on these boards wallstreet ?