Anyone scalping the FTSE Futures??

[Dentalfloss]

15320 area still magnetic
all trades based on that area for the last 10 days...crazy stuff
could have sat on a beach and placed the orders from my phone
no need to be in front of a computer

 

[SuddenDeath]

15320 area still magnetic
all trades based on that area for the last 10 days...crazy stuff
could have sat on a beach and placed the orders from my phone
no need to be in front of a computer

thanks dentist

 

[SuddenDeath]

dow +21

pre open ftse implied dow being down 184pts

 

[SuddenDeath]

ftse gives up 55pts in the last half hour of trading.

 

[barjon]

ftse gives up 55pts in the last half hour of trading.

...and dow barely moved. ftse -42 weak in that half hour - i've gone long/short even if i have to hold over w/e.

 

[wernluck]

afternoon all
stopped out of long earlier,think i can see the map a bit better.
short from 6620
target the black median line
maybe in the circle below:
1 hour cash chart

 

[SuddenDeath]

...and dow barely moved. ftse -42 weak in that half hour - i've gone long/short even if i have to hold over w/e.

ftse closing auction looks like they were running for the exits.very poor weekly close, strong dollar causing ftse to underperform dow/sp500

 

[Dick Lexic]

that last move has to be something to do with end of month ?

or did they just switch the lights out early ?

i agree sd ....crap weekly close ....maybe may is sell and go away after all

 

[SuddenDeath]

that last move has to be something to do with end of month ?

or did they just switch the lights out early ?

i agree sd ....crap weekly close ....maybe may is sell and go away after all

remember dick lexic we were looking to accumulate weakness today to hopefully sell into monday strength. i sold all of my longs at 6633 and above, can buy again, will see how dow closes.

remember that start of the month is when the various moneys flow into brokers to be applied to pensions /401k and that stuff, the brokers want to sell to those "dumb money" at the highest prices. this is the theory lets see how it pans out.

also do u get mrtopsteps opening print email? he has been seeing closing sell imbalances on nyse he has good analysis. technically the indices are very very bearish but they can still exhibit short covering rallies. a market that rallies fast and hard is generally a bearish market

cant wait till monday, will leave a few speculative buy orders below ftse if I can buy dow implied -60 or below lit is a low risk buy

 

[Dentalfloss]

15320 pivot on the latest downleg
that has broken

 

[barjon]

...and dow barely moved. ftse -42 weak in that half hour - i've gone long/short even if i have to hold over w/e.

bingo - dow fallen a treat and ftse not moved much . over +40 strong now and that'll do me.

have a good w/e chaps

 

[Talbs!]

Dow finally got there taking profits and hving a few cervezas have a good one guys ! New month buying on Monday !

 

[wernluck]

well played Talbs!
good weekend all

 

[Dentalfloss]

Dow close 15120
This is where the real test of trend is
We have talked about this area for the last few days
Now...the bulls can get really tested

 

[counter_violent]

bingo - dow fallen a treat and ftse not moved much . over +40 strong now and that'll do me.

have a good w/e chaps

Go on then, i'll bang your drum for you.

Absolutely top drawer trading that Barjon.
There are a lot of members could learn a great deal from this approach and trade example, especially with regard to risk and profit potential.

Well done that man.

 

[bustech]

Hope barjon done a reversal trade at the close to carry over the weekend.
Long Dow and short FTSE, also DAX play looks good.

Just to add what CV said.
I copied the barjon system, have also added a couple of different markets.
Offer's great risk reward.
The big thing I have found that it helps identify when a market is bullish or bearish.
Also works well when used with gap closes and S/R levels.

Have tried with a currency to the DOW, but no joy.
So going to switch the FTSE/DAX variance going forward.

barjon

 

[bustech]

Point's update, tell's the full story.

 

[bustech]

2013 update.
Helped in picking up the early weakness in the ASX.

 

[bustech]

Last post promise.
Song for the first day of winter.
Have a great weekend all.

 

[ctlpast]

Hindenburg Omen US Markets.

It’s a stock market technical indicator when on the same day:

The 10-week moving average is rising
New Highs are greater than 2.2% of total issues traded
New Lows are greater than 2.2% of total issues traded
The McClellan Oscillator is negative
The omen is said to be confirmed if it occurs twice in a a 30 day span
and points to a serious drop in stocks. It occurred April 14 and today
(31 May); which is of course more than 30 days apart (46 days).
Still significant?
Falls in June? or Not?
or
A scare tactic to drive the markets lower to create a buying opportunity?
I wish I knew.