Anyone scalping the FTSE Futures??

[Atilla]

It’ll smash straight through it, every mug punter who went short has got their stop just above there and they will all get pinged

Yes good call. In the evenings we've seen retreats and I suspect a roll back to 26524 PP-R2 before next on-slaught upwards and forwards.

Some peeps talking about 30,000 by end of year. Dear Santa,

 

[psaTrading]

Stock Markets – Closing Note – 20 Sep
Ger30, UK100 and SP500 are CFD’s, written over the Dax30, Footsie100 and S&P500 Index futures:

European markets closed higher, boosted by the behavior of the US market that was influenced by tension decrease regarding the trade war between the US and China. The highlight was for oil, as Donald Trump once again used the social network tweeter to demand the immediate reduction of prices of this raw material. The US President said that the Middle East countries continue to raise oil prices and left a warning about their safety: "We shall remember". This warning of Donald Trump arrives just days before the meeting of the delegates of OPEC, scheduled for this Sunday. Following this meeting, the formal meeting of ministers from the countries of that organization will follow. In international markets, the price of oil fell, with Brent down about 0.90%.

Wall Street traded higher, for the reasons already mentioned and with the banking sector to favor the indices. Banks were favored by the 10-year yield increase of OTs (which exceeded 3.09%). Goldman Sachs, JP Morgan and Bank of America led the gains. On the macroeconomic front, the number of weekly applications for unemployment benefits reached 201,000, compared to 210,000 expected and 204,000 previously. On the other hand, the Philadelphia Fed's activity index stood at 22.9 in September, quite a bit higher than 11.9 in August and 18.0 forecasted by economists. In August, the economy's advanced indicators increased by 0.40%, higher than the estimated 0.50%. On the real estate market, sales of used homes last month remained unchanged relative to July, reaching 5.34 million homes. Economists pointed to an increase of 0.50% for the 5.37 million houses.

 

[brewski1984]

Some peeps talking about 30,000 by end of year.

Yeah that would be me I posted that prediction on here months ago

I'm too stupid to work out how to use the search feature properly to find when I posted it though

 

[Atilla]

Yeah that would be me I posted that prediction on here months ago

I'm too stupid to work out how to use the search feature properly to find when I posted it though

Actually it's just couple of posts below this one. I was being sort of cheeky but some other friends have said the same so you are not alone.

It could well be yes.

 

[psaTrading]

Stock Markets – Closing Note – 21 Sep
Ger30, UK100 and SP500 are CFD’s, written over the Dax30, Footsie100 and S&P500 Index futures:

The last session of the week presented solid gains for the European markets, with the London stock market standing out with an overperformance. The theme of Brexit remains in the sights of investors. Yesterday, at the end of the informal summit hosted by European leaders in Salzburg, no concrete news emerged regarding the negotiation of the EU's relationship with the United Kingdom. With about six months to go before Brexit, which is still undergoing a transitional period until December 2020, European leaders were largely united in the warnings made to the UK. Already today, Theresa May said that discussions on Brexit between the UK and the EU are at an “impasse". The British prime minister added that she will not revoke the outcome of the referendum held in 2016. The British Pound reached the session minimum after this speech. In sectoral terms, and once again, producers of raw materials (including mining companies) made gains on a day marked by rising copper and nickel prices. In terms of economic indicators, the PMI economic activity index for the Euro Zone stood at 54.20 in September, compared to the estimated 54.5. The same indicator, but for the manufacturing sector, it stood at 53.3 (vs. 54.5 forecasted), while for the services sector it reached 54.7 (vs. 54.4 expected).

Wall Street traded higher, with the Dow Jones and S&P500 indexes renewing record highs. McDonald's rose more than 2 percent after the company raised its quarterly dividend by 14.90 percent to 1.16 USD per share. Micron shares fell about 3.50 % after the company cut its revenue estimates, reviving fears about declining demand for chips. Investors were also focused on the operations related to the maturity of futures and options, called the quadruple witching.

 

[psaTrading]

Hi,

How do you correlate between different indices?

I don't!
I just pay attention to their behaviour, and when they are aligned, I look to get in when they are bullish or bearish, avoiding to enter when in consolidation.

Easier said than done!

 

[rawrschach]

Anyone here trading 10+ lots on the futures? What are your fills like?

 

[psaTrading]

I've made a good short entry today on FTSE:
Stop Loss: 7485
Entry: 7468
Take Profit: 7411
P/L=2

Hope target to be reached today and praying Trump doesn't tweet

 

[postman]

I've made a good short entry today on FTSE:
Stop Loss: 7485
Entry: 7468
Take Profit: 7411
P/L=2

Hope target to be reached today and praying Trump doesn't tweet

psaTrading is a real person not a news bot - who knew.

 

[psaTrading]

I've made a good short entry today on FTSE:
Stop Loss: 7485
Entry: 7468
Take Profit: 7411
P/L=2

Hope target to be reached today and praying Trump doesn't tweet

Expected a gap down at the opening but in fact the market rapidly shown I was against it.
Fortunately I decided to move the stop loss to breakeven

 

[psaTrading]

psaTrading is a real person not a news bot - who knew.

Hoping to add some value to the thread

 

[Oscar Reed]

 

[postman]

We've gotta be close to the end of year rally!

 

[postman]

I'm buying S&P some time today and holding till January.

 

[postman]

I'm buying S&P some time today and holding till January.

Long 2659.