FTSE Futures Trading - Analysis and Discussion

[pavilion103]

With the popularity of the "Transition to Futures" thread attracting participants from many markets, I have decided to start a "break away" thread specific to analysis and discussion of the FTSE futures index for those who may wish to discuss this particular market more closely.

I will be contributing regularly in this thread with my ongoing trading of the FTSE futures index.

 

[pavilion103]

This is the 30 minute chart showing the change in market direction since last Thursday.

I am only looking for shorts now.
Looking for 2 contracts. 1 x intra day. 1 x overnight (if opportunity presents).

 

[CanOz]

I am only looking for shorts now.

You're such a perma bear

 

[pavilion103]

You're such a perma bear

Haha. I admit it seems that way!

Although at support levels in a bull trend I will hammer the longs in the same way.

In this instance, I see a potential top after an extended up move.
I'm looking for trades mainly at the open of the day to hold for the day.
I don't feel that the long trades are a good move for me in light of the above.

Wait until a bull run and everyone will be calling me a bull

 

[pavilion103]

Ok. I think a good setup at 6782.5

I've taken 2 contracts here with an initial stop at 6790.

Both stops moved to 6787.5 as it moves down a bit after entry.

 

[pavilion103]

Both stops breakeven as price consolidates around 6775ish area.

 

[pavilion103]

The stop on the position trade has been moved to 6855.
No point just leaving it above the high for no reason.
If it takes me out and sets up again I'll just get a re-entry.

 

[pavilion103]

FTSE looking strong on open.

I am long 6826 with my classic "spring" setup on open.

Stop to BE now. Will post a chart later.

 

[pavilion103]

Closed out.
Short again

 

[VSntchr]

PAV - your short call has proved to be pretty on the money IMO. Last night the US was pretty strong, and the ASX and SENG were pretty strong today too...yet the FTSE has really not joined the party....it is outside of the short term down trend (that I have scribbled on the chart) but it hasn't bolted and looks likely to be falling back inside...

Just my n00b observations as I have been enjoying watching as I have had some spare time the past month while the GF is away...

 

[pavilion103]

PAV - your short call has proved to be pretty on the money IMO. Last night the US was pretty strong, and the ASX and SENG were pretty strong today too...yet the FTSE has really not joined the party....it is outside of the short term down trend (that I have scribbled on the chart) but it hasn't bolted and looks likely to be falling back inside...

Just my n00b observations as I have been enjoying watching as I have had some spare time the past month while the GF is away...

Daily chart is interesting with the FTSE.

Yesterday was a low volume push up.
It can always be expected that there will be some sort of test of the high.
Today pushed up on open also before reversing.
I like the fact that price has pushed up a bit on the daily without much force thus far.

I'm short at 6830 for another contract.
Was considering taking another 2, but with some news out I was a little hesitant.

If this 6840 area holds, it looks good for a medium term down move.

The rest of today is critical though.
Not saying it will happen, but just want to put myself in the position that if it does move down, I am in (whilst minimising the risk at the same time).

 

[pavilion103]

Added a contract at 26 after the push up and rejection.

A lot of these wide bars the last few days but not follow through so I'm still skeptical, but no doubt some volatility at the least!

 

[pavilion103]

My trades for the night.
It's at a crucial level now.
6800-6810 is reasonable support.
Not out of the woods yet.

In the normal course of events I would look to maybe take one off on the next consolidation/low but I see this as a high opportunity time to take more risk with open profit.

If it was 40-50 points in my favor, I'd consider it closely.

 

[pavilion103]

Reversal on 10 and 15 minute chart and I've lifted one at 6814.5.
Reversal looking reasonably strong so decided one off would be wise.
Locks in a little profit

2 running.

 

[pavilion103]

Now reversed one.

Long 6814, stop 6805.5

Stop just moved to 6809.
Aggressive trailing.

 

[pavilion103]

Taken out of long for 2 point loss.

Back with 2 short.

Will leave overnight now.

 

[pavilion103]

Before I go to bed I'll post up the longer term position.

Contract 1 - stop 6855

Contract 2 - stop 6836.5


Wishing I'd left the 3rd on
Great spot for a position trade if every I was going to take a risk!

 

[pavilion103]

And finally, the intra-day trade and holding this one above the high at 6836.5.




I hope people are enjoying the updates.

This is becoming kind of like a journal for me anyway.
I can always re-read and refer back to it if I feel like it.

Most of these charts saved to file anyway.

 

[pavilion103]

Price falling on open.
Gives me some breathing room for now.

Didn't see an opportunity to add to my position.


Really regretting not holding the 3rd yesterday, for the sake of saving about 15 points

Not to worry. At least I've got 2.


Very weak open.
Expecting it to find support around 6790 and at least pause and push up a little, even if it does continue down after that.

 

[pavilion103]

Considered a long 89, 81
Didn't take it because I'm heading out soon.
High probability area to get it to BE asap.