Anyone scalping the FTSE Futures??

[postman]

I see the dax wasn't invited to this party.

 

[piphoe]

Bit choppy out there today.
+35 on the dow +1 on the ftse.
I'm going to watch and wait a while.

 

[piphoe]

Long YM@24604

 

[piphoe]

-8

 

[piphoe]

Sold YM@24597

 

[piphoe]

I want to see DOW under 100 before I think about covering.

 

[postman]

Long YM@24604

Sold YM@24597

10 minutes between those posts.
You haven't planned the day in advance have you!

Pick a direction and stick to it or your going to drown (again) in the chop!

 

[postman]

Pip
I dont know if you have a trading method but heres a good starting point.

1. Draw a line!

2. Dont trade in the other direction to the line until the price crosses it.

Simples!

 

[piphoe]

postie, I don't plan the day in advance because I don't know where price will take me. Do I try to plan ahead by looking behind, Ya. But only so much historical price can show you, need to go with the flow, that hard right edge.

In that chart could draw a horizontal line @2763 created @14:00. and suggested price would rise to there. why do slanted lines trump horizontal?

 

[postman]

Short dow 24635

 

[postman]

...

In that chart could draw a horizontal line @2763 created @14:00. and suggested price would rise to there. why do slanted lines trump horizontal?

Because horizontal lines are support and resistance.
Slanted lines to use terms you understand are Trend lines!

The price is constantly moving ie its trending up or trending down it is never constantly staying in the same place.

 

[piphoe]

This is one of those days shorts can get hurt.

 

[piphoe]

Because horizontal lines are support and resistance.
Slanted lines to use terms you understand are Trend lines!

The price is constantly moving ie its trending up or trending down it is never constantly staying in the same place.

Ok. My thought is trend lines/slanted lines are S & R too. That's why you said not to buy into the upper TL where price was TRENDING UP??

 

[postman]

Short dow 24635

Out -15.

Its going to be a f*ck all shorts in the ass day today by the look of it. The Friday rip came early.

Oh well theres always Monday.

 

[piphoe]

Out -15.

Its going to be a f*ck all shorts in the ass day today by the look of it. The Friday rip came early.

Oh well theres always Monday.

3 1/2 more hrs to go today with US market. They burned shorts which is what they wanted to do. I saw it coming but I still got caught in their web. Doesn't mean they can sustain it. wait & see

 

[piphoe]

DOW approaching 200+, this is surreal

 

[piphoe]

i can trade. with the best of them.

 

[tar]

Hi

 

[itspossible]

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[Oscar Reed]

i can trade. with the best of them.