Anyone scalping the FTSE Futures??

[luckyvictor]

Close at the very low today, does it mean the short is not in hurry to close there position, so expect more drop tomorrow?

 

[barjon]

Its the ultimate test of trading psychology. Scared of giving back, when having in the hand etc. Very hard, then ego gets affected, then we switch to fear and greed, all based on a perception.

Days like this highlight the issue, but they are rare, maybe 5 days per year?

All fractals get expanded, so even if you dont get short, you need to wait to get long, as even though we have fallen so far, it doesnt mean sellers are in all the way. Far from it - most of the move was caused from buyers, re-buying each low and getting dumped, thats how markets work their way down in this structure.
,
+50 is +50 though 🍾🥂

phew! I’m knackered. Don’t handle fast moving volatility too well and been scared to death most of the day. Caved in a few times, but mostly stuck with it

 

[wallstreetwarrior87]

Close at the very low today, does it mean the short is not in hurry to close there position, so expect more drop tomorrow?

Well you would think that there will be some sellers to come, but in all fairness, its probably a tad too late. Big hurdle to overcome if we want a sustainable downside - not far from a zone that has shown lots of interest and desire in the past.

 

[luckyvictor]

Well you would think that there will be some sellers to come, but in all fairness, its probably a tad too late. Big hurdle to overcome if we want a sustainable downside - not far from a zone that has shown lots of interest and desire in the past.

Dow has already punched through this zone today, the next zone is the low at 4th of Dec.

Don't know how it will react now

 

[medallion way]

Dow has already punched through this zone today, the next zone is the low at 4th of Dec.

That level coincides with the 200-day average... I got my sights on 27,300 to flip some shorts into longs.

 

[swissy]

ASX 200 Bit of a rebound.... to be expected but not that convincing. Suspect lots of people on the sidelines ready to go either way depending on news.
Took a short at 6900 with a fairly tight stop, let’s see if it develops into anything. If it goes through my stop it will probably keep going! Some of those that missed the short side yesterday might want to position on the rebound... let’s see

 

[Dentalfloss]

Updated

 

[postman]

Here we go again.

 

[postman]

short FTSE on open. 7181

 

[postman]

Going down

 

[postman]

And coming back up.
Its been in a 20 point range for half an hour and still holding. Dont see the buyers coming in.

 

[postman]

Couldnt take 7200 now its tanking.

 

[postman]

And back up again, its just bouncing around.
Still, early days.

 

[postman]

The 5 minute candles for the dow and the ftse are identical. Who's following whom?

 

[postman]

short FTSE on open. 7181

40 minutes later ftse 7181 ....

 

[medallion way]

40 minutes later ftse 7181 ....

55 minutes and you're 20pts ahead

And, indeed FTSE & DOW are joined at the hip... saves you time, look at one and play both

 

[postman]

55 minutes and you're 20pts ahead

And, indeed FTSE & DOW are joined at the hip... saves you time, look at one and play both

Happy to take 40 from this if it goes that far!
What am I saying its the ftse its going down.

 

[postman]

Done and out +40 on ftse.

 

[Dentalfloss]

 

[cantagril]

..... its the ftse its going down.

It's déjà vu all over again...or maybe: if it ain't broke, don't try to fix it

.