FTSE 100 Question

[Bakedbean]

Hi all,

Just a quick question.

Yesterday the FTSE decided to fall relatively rapidly at 15.15 and again at 16.00. If I learnt (and obviously got access to) Level II information or a real news feed rather than the one from IG, would this have helped determining whether this was going to happen?

Currently I just trading off of 1 min, 5 min and 1 hr candlestick charts with MA20, 50 and 100.

Any thoughts?

Cheers,

Dean

 

[StephenMcCreedy]

personally i never got the hang of level 2. my gripe with it, which is a personal preference is that is sucks you and makes you trade a lot (over trade). that said many full time traders trade just off order flow and nothing else (maybe not so much in the futures though).

 

[masnachu]

Consumer conf numbers where out at 1500 , kicked off the move down.

 

[Bakedbean]

Thanks guys,

Just out of interest, is there anywhere I can get a list of upcoming news that would concern the FTSE.

Just a point in the right direction would be very beneficial.

Many thanks,

Dean

 

[Kenmare]

Dean

One place would be sharecast ..See here

 

[pedrito]

You can use the market calender at www.paddypowertrader.com
you dont need to be a member to see it. just click on main website link and then click on "trading calender". Its really useful to see whats coming up for the week ahead.

 

[masnachu]

IG econ diary is ok , but there is a bug in it , where by it doesn't always list all the releases in the correct time order (caught me out a few weeks ago). To solve this I enter todays date in the "to" and "From" date filter, works ok then.

Others I use are :

Bloomberg : http://www.bloomberg.com/markets/ecalendar/index.html , US only though (remember to set the correct time zone)

Others are from the usual forex sites like Forex factory , DailyFX ( http://www.dailyfx.com/calendar/ ) and FXStreet ( http://www.fxstreet.com/fundamental/economic-calendar/?cdatesi=03/31/2010&cdatesf=03/31/2010 )

Theres a pretty comprehensive one at saxobank (maybe overly comprehensive sometimes ?)
http://uk.saxobank.com/en/market-news-and-analysis/Pages/free-economic-calendar.aspx