Anyone scalping the FTSE Futures??

[samirs]

if Ive got me times right 20:09 should be fun

in what way...will the lift go to top floor....

 

[Splitlink]

and so it came to pass

:clap:

I'll have to keep an eye on you!

 

[wajjjih]

if Ive got me times right 20:09 should be fun

yeah please share....what we looking at here around 8

 

[Dick Lexic]

if we get back up to 89 (cash) for a hold above i'll be like a pig in smelly stuff

oink oink :clap:

 

[dc2000]

hardly the rocket ship expected

lets see if the FTSE can rock tomorrow first target 5204 would like to gap to 166 rally pullback and late day rally

if we pullback first then its long into Friday for FTSE

DOW needs to positive gap with FTSE for me

 

[samirs]

morning everyone...how will today shape up....

 

[Dick Lexic]

well it'll start in the morning then we get a bit in the middle called the afternoon then we get the evening

 

[DaddyJohn]

Hi, I wont be trading this morning, but here are my thoughts and prices for ftse futures...

Odds favour a pullback today... possible highs today 5167 /5191.. If there is a pullback price would look to move to 5004 or previous days low of 4969. Drop below this market looks for 4940 or 4918. But this would be a serious amount of profit taking. Odds favour high first then pullback, but is quite evenly balanced we could get the high later in the day. Also, we are approaching downward channel line of resistance arounf 5200.. big boys know many people will be going short here and will look to exploit this to maximum effect if indeed they do intend a breakout to 5300.. ouch ... all those stops going off .. have agood day

 

[DaddyJohn]

well it'll start in the morning then we get a bit in the middle called the afternoon then we get the evening

WOW .. you are amazing... where did you read that trading gem?? we should start our own trading site and charge people for that

 

[samirs]

well it'll start in the morning then we get a bit in the middle called the afternoon then we get the evening

 

[DaddyJohn]

Worth looking at the amount of short interest in the market at the moment... gives us an idea of the potential short squeeze ahead of us.. but also note we have not had these levels of short interest for a long time.. so at sometime in the not so distant future we have a strong move down again. Notice the levels pre the financial crash -- someone knew something didn't they?

 

[wajjjih]

and so it begins

 

[Dick Lexic]

WOW .. you are amazing... where did you read that trading gem?? we should start our own trading site and charge people for that

that ones on the house

 

[reksa]

Worth looking at the amount of short interest in the market at the moment... gives us an idea of the potential short squeeze ahead of us.. but also note we have not had these levels of short interest for a long time.. so at sometime in the not so distant future we have a strong move down again. Notice the levels pre the financial crash -- someone knew something didn't they?

Is this the short interest ratio for the FTSE 100?
Just goes to show how important keeping an eye on this is, the rise in May 2008 clearly shows people knew what was ahead. I wonder how many times levels as high as this have signaled a major drop.

 

[DaddyJohn]

is this the short interest ratio for the ftse 100?
Just goes to show how important keeping an eye on this is, the rise in may 2008 clearly shows people knew what was ahead. I wonder how many times levels as high as this have signaled a major drop.

nyse

 

[reksa]

FTSE overbought RSI's on hourly and 30mc.

 

[MartinC-J]

nyse

It's a nice chart for short interest. Is there a link for this somewhere?

You are not trading but you are obviously not taking the day off!

Did anyone else get caught by the fake down from the triangle consolidation? Usually, but not always, an uptrend that ends in a triangle consolidation break out to the upside. This one had a fake break down at 9:07am, which ran into a strong spike back up at 9:10am. It doesn't take long to recognise that this spike up is not normal. It had to be news based, although I can't exactly confirm the news. Most likely EU's Barroso saying that memeber states should recapitalise banks.

 

[DaddyJohn]

It's a nice chart for short interest. Is there a link for this somewhere?

You are not trading but you are obviously not taking the day off!

Did anyone else get caught by the fake down from the triangle consolidation? Usually, but not always, an uptrend that ends in a triangle consolidation break out to the upside. This one had a fake break down at 9:07am, which ran into a strong spike back up at 9:10am. It doesn't take long to recognise that this spike up is not normal. It had to be news based, although I can't exactly confirm the news. Most likely EU's Barroso saying that memeber states should recapitalise banks.

go to Bloomberg.com and ask for quote on ticker NYSIPRTS:IND

 

[DaddyJohn]

looking for the DOW to be up at 11306 later aswell

a 4.6% day

Hi DC, I know you always quote FTSE cash - is it the same for the DOW? or are you using futures?

 

[lurkalot]

Drifting along and down now.

Is it going to bounce off 5160?