Anyone scalping the FTSE Futures??

[postman]

Daxy is playing games today.

 

[inzimam]

long ftse and dax - strategy says go long..

 

[postman]

long ftse and dax - strategy says go long..

Would that be the Sam Spade strategy:
1. Look outside the window.
2. Is the sun still in the sky.
3. Buy the Dax / Dow.

 

[ffsear]

long dax 9814

 

[ZEN archer]

long ftse and dax - strategy says go long..

if you say so

long dax at 9815 (stop would be that short order I posted earlier)

 

[postman]

Its a slightly bigger range but its the same old pattern on the Dax, a narrowing wedge.

Worst case scenario for most traders is close in middle of range 9818.

 

[inzimam]

Would that be the Sam Spade strategy:
1. Look outside the window.
2. Is the sun still in the sky.
3. Buy the Dax / Dow.

Ok since you've asked nicely I'll tell you, you were almost right

1. Look outside the window.
2. Is the sun still in the sky.
3. If yes Close right eye, if no close left eye
4. Cover other eye with hand
5. spin around
6. Buy the Dax / FTSE
7. if you have no windows, just buy the dax and ftse

 

[ZEN archer]

 

[postman]

Not being funny, but all these "targets" and "buy pivots", aren't they kind of pointless in this market - any target you pick at all will be hit. I'm charting based on weather patterns - if its sunny I go long, and if its not sunny I stay in cash. Not lost a penny so far.

I was proper bear until around 1590 then I just gave up and went long.

Ah Sam come back we miss you.
He's probably on a beach somewhere sipping champagne. Given these posts were from May last year nothing has changed.

 

[ZEN archer]

if you say so

long dax at 9815 (stop would be that short order I posted earlier)

out at 9817 - too slow

 

[inzimam]

closed my longs, limits met

 

[inzimam]

closed my longs, limits met

I got a solid 13 points on that dax long and 6 points on the ftse

 

[ZEN archer]

DAX looks as if it's forming some kind of narrowing pattern - most likely waiting for US open to shoot whichever way

 

[postman]

Its a slightly bigger range but its the same old pattern on the Dax, a narrowing wedge.

Worst case scenario for most traders is close in middle of range 9818.

Range narrowing.
Still clinging to 9820 area.

 

[postman]

I'm not trading much, trying not to give back yesterdays gains.

 

[ZEN archer]

Yes agree - same as yesterday... I think Postie predicted this earlier this morning 🙂

Around 9813 is a mid point between yesterday's extremes (the last big move) and the apex of the pattern is around 9821

 

[postman]

Markets turning weaker.

 

[postman]

Gone for a cheeky short on Dax at 819

 

[Dinos]

Non system trade DAX short @ 9816

 

[postman]

Possible 785 target on Dow.