Anyone scalping the FTSE Futures??

[Dinos]

bs

May well be, just saying

 

[tar]

oh, come on. You know fxmo is the greatest trader in the world with tro not far behind.

He's the best hindsight trader bar none !

 

[2be]

Don't have a scooby what's happening in those charts

the MT4 charts appear a bit loud, but have traded that set up for a long time and got used to it.
I have attached M5 chart how I use it, including intra day, but I look for similar things on all TF.
White background charts are in relation to Delta count ( Please read"Delta Phenomenon" book) ( try to goggle Matrix, by Copan for delta). I also work on that same charts displaying a possible EW count.
(For EW Robert Miner book "Dynamic trading" is a good one")
I use DT6 charting software for delta, and any charting package for EWs, fib retracement/s, extention/s, and alternative wave projection/s.

After yesterdays performance I though it likely for DAX to have a pose/or even a retest of the L, and M5 provided a fine execution scenario.

Such patterns appear all the time on M5, good for intra day, the longer TF provide a wider perspective.

Please read Bearish Hidden Divergence, My mistake, as I am typing and trading and trying to explain a bit too.

 

[lexcorp]

L 9642
stop at 9622

stopped -20

 

[lexcorp]

ss 9636
stop at 9650

 

[Sonicscooter]

ss 9636
stop at 9650

Slow down dude........

 

[2be]

I am putting a long market order on dax at 542 10pips above the yesterdays Low just in case it gets there.
SL 30 pips, no particular reason for that 30, PT yet to be worked out.
When and if triggered I shall monitor it on M5 and act accordingly.

 

[lexcorp]

ss 9636
stop at 9650

stopped -14

 

[inzimam]

No idea where any of these markets are going today. No clear signals., I took a weak long signal on the FTSE, I was down 10 points, managed to close out of b/e. Phew!

 

[omersiddique]

thinking of a short on DAX at 670...

 

[inzimam]

short dax 9652 target 9600

 

[inzimam]

short ftse 6813 target 6798

looking to short dow soon with target of 16484

 

[inzimam]

thinking of a short on DAX at 670...

where are you getting the 9670 figure?

btw, did you have that website that you use for news etc?

 

[omersiddique]

where are you getting the 9670 figure?

btw, did you have that website that you use for news etc?

Dax touched 665 3 times... So around that area.

I use http://www.forexfactory.com/

 

[omersiddique]

Dax touched 665 3 times... So around that area.

I use http://www.forexfactory.com/

Plus it was resistance area on 15 min chart on IG

 

[omersiddique]

short ftse 6813 target 6798

looking to short dow soon with target of 16484

Why are you shorting ftse at 6813 if you dont mind me asking...

 

[lexcorp]

ss dax 9640
20 pip stop

 

[inzimam]

Why are you shorting ftse at 6813 if you dont mind me asking...

bearish engulfing on 5 min chart.

 

[Dinos]

Signing out Captain :
Hope you have the dinghy :cheesy:all spick and span for summer

Hi BP, in the words of Winston the Churchill dog "oh yes" :cheesy:

All the best matey

 

[emoun]

long ftse limit 6855 morning