Anyone scalping the FTSE Futures??

DAX30DayTrader said:
Price action is the finger print of other peoples actions, the news is factored into the price way ahead of time, its no called the smart money becasue its late to the party!

The signal was based on a chart pattern (harmonics if you like), but thats your signal from the DJIA that is puppy is being bought and bought hard when it dipped down to 14726 yesterday...I did tell you yesterday before it happened that BIG money was going to come in at that price.

DJIA is targeting 14957, it will sell off hard around that level to shake out weak longs with trail stops or tight stops, look for a 61.8% retracement from there, then re-buy for 15222.
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nice - you're not mrmarcus in disguise are you, dax 😆. He was eerily accurate in this sort of movement forecast some time ago on here - hope yours follows suit.
 
barjon said:
nice - you're not mrmarcus in disguise are you, dax 😆. He was eerily accurate in this sort of movement forecast some time ago on here - hope yours follows suit.
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Hi Barjon

I'm no really a DJIA trader but I do obviously keep track of these markets and the movements as I use them as indicators for my DAX trading. I do however have a dibble dabble on the DJIA now and then, 2 trades yesterday on them for that matter.

Though I don't actually trade the long term charts or signals they produce that I point out, its only becasue I'm a short term trader and don't like longer term trading, the patterns are all valid which as I say, gives me good indications for the DAX.

For the current pattern that I have called, the 14775/800 zone is vital and must support price as back under 14775 invalidates the pattern.
 
Here is a good statement from an old trader...


"Have you noticed how some people wait for a car to get closer before crossing the road? Many people trade that way"​
 
DAX30DayTrader said:
Hi Barjon

I'm no really a DJIA trader but I do obviously keep track of these markets and the movements as I use them as indicators for my DAX trading. I do however have a dibble dabble on the DJIA now and then, 2 trades yesterday on them for that matter.

Though I don't actually trade the long term charts or signals they produce that I point out, its only becasue I'm a short term trader and don't like longer term trading, the patterns are all valid which as I say, gives me good indications for the DAX.

For the current pattern that I have called, the 14775/800 zone is vital and must support price as back under 14775 invalidates the pattern.
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yeah, the dow tugs them all along. Any particular reason why you chose to focus on dax?
 
barjon said:
yeah, the dow tugs them all along. Any particular reason why you chose to focus on dax?
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Large, predictable swings, Consistently greater volatility, Less “smart” money to compete with.

Also, Mutual funds, hedge funds, and pension funds in Germany don’t trade the DAX like they do in the U.S. This means the DAX tends to trend for 2-3 hours with small pullbacks.....NORMALLY!
 
DAX30DayTrader said:
Well from 14726 your looking at a 400-600pt rally on the DJIA.

Out of curiosity do you trade the CAC or use it as an indicator with the DAX?
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I want to short the CAC very badly, but didn't succeed till now. It seems to be the most stubborn of all indices.
 
DAX30DayTrader said:
Large, predictable swings, Consistently greater volatility, Less “smart” money to compete with.

Also, Mutual funds, hedge funds, and pension funds in Germany don’t trade the DAX like they do in the U.S. This means the DAX tends to trend for 2-3 hours with small pullbacks.....NORMALLY!
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I agree with a lot of what you say so it would get boring to say yes I agree, yes I agree when you post. So in general people will only pick up on the points they disagree with.
My point is the Dax traded a 220 point range between mid July and end of August, and a 250 point range from 13 Sep to today. Compare that with the Dow's down 900, up 1000, down 1000 and that's less than half the volatility in % terms. I posted about that this morning on this thread.
 
postman said:
I agree with a lot of what you say so it would get boring to say yes I agree, yes I agree when you post. So in general people will only pick up on the points they disagree with.
My point is the Dax traded a 220 point range between mid July and end of August, and a 250 point range from 13 Sep to today. Compare that with the Dow's down 900, up 1000, down 1000 and that's less than half the volatility in % terms. I posted about that this morning on this thread.
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Hi

When I mentioned "greater volatility" I was generally talking about the European Indices such as the FTSE, CAC EUROSTOXX etc and the S&P. I wasn't really putting DJIA into that list. Though as my other comment stated, with the DJIA you are up against more smarter money and lots of funds and corporates, while with the DAX, that is not the case.

The futures trader that taught/mentored me explained all this to me, this is why I focus on the DAX as my trading market, there is 'less' manipulation than the other markets, of course I'm not saying there is NO manipulation, but there is less of it as the German funds and pensions and corporates don't trade it like the U.S ones do.
 
SuddenDeath said:
i found some of his posts

http://www.trade2win.com/boards/search.php?searchid=13559734
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😆😆

When I did a series of "wot happened next" threads (mostly chart segments of shares on daily time frame taken anything up to five years ago) he was so unerringly accurate about what happened over the next 30 -100 days that people thought we must have been in cahoots. We weren't, but it's feasible he could have identified the share and time slot although that would have been a hell of a research job. Very impressive it was. Unfortunately, he took any disagreement or questioning as a personal insult which caused his departure. Still a member though, I think, and looks in occasionally although not to post.
 
Very hard to justify selling the DAX here at 8600/10 resistance band, the price action is dictating that this is a trending day with a gap fill at 8630 looking a possibility. (8630 is an old unfilled gap)
 
barjon said:
you won't find any of his posts though - he took them with him in a fit of peek when he left (you could do that in those days)
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Your lesson for today: pique, not peek
"A state of vexation caused by a perceived slight or indignity; a feeling of wounded pride"

"to affect with sharp irritation and resentment, especially by some wound to pride"

That isn't an honest characterisation of mr.marcus and the behavior of others leading up to his decision to withdraw his contributions, is it Jon?

Would you like to tell the audience about the abuse and disrespect mr.marcus suffered after teaching his unique and hard won trading knowledge here, for free? And would you like to tell them who was then a moderator, supposedly responsible for keeping a civil environment? And who did not have the backbone to take the appropriate action against those who were misbehaving? Or should I tell them?

Or shall we talk about how the owner at the time, Paul Gould, barely kept an eye on his business and delegated moderation to a "community manager" who was more interested in reinstating the posting privileges of a member who had admitted to obtaining and publishing child pornography on this very site than in making any effort to foster a respectful, civilised discussion forum?

And perhaps certain new members who have eyes to see might no longer wonder why the quality contributors left. I'd happily discuss all this because you're here to defend yourself, should you wish to.

Slagging Mark off when he isn't here to defend himself, after all he contributed to the members here, is cowardly, gutless, and bull****. You ought to be ashamed of yourself.

Never mind the substance of your comment which betrays a sense of entitlement...why should this site benefit from the generosity of a member it treated so disrespectfully?
 
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