FTSE Futures Trading - Analysis and Discussion

[pavilion103]

Quick update. Will hold over night.

 

[pavilion103]

Closed out yesterday's for small profit after open.

Entered 2 x contracts for very low risk with a nice little setup.

Stops to BE

 

[VSntchr]

I was watching tonight PAV and initially was thinking short at 6827ish, but was patient and it pushed right through...then the uptrend broke at 6830 and the short seemed on. Looks to have hit the bottom of the range...(for now)

 

[pavilion103]

50 points net.

Exited them around 6800 and 6810.

 

[pavilion103]

Frustrating last night.
Took a great long setup in the first 10 minutes of trading. As it shot up I planned to hold at BE.
I got taken out by 1 point

Could have been a 50 point trade.
So many near misses in this game.

 

[pavilion103]

Crucial level on daily now. Right at resistance but looking strong.

I'm in a long x 2 contracts. Stops to BE.

Just putting myself in a good position if it does push higher.

Very similar to my setup on Friday when I got taken out by 1 point.

Interesting to see if there is any resistance or strange behavior here or not.

 

[pavilion103]

An interesting view of my setup on open yesterday.
If there looks to be a reasonable setup I'll take it for 4-5 points on open because of the potential payoff.
This one moved about 25 points.

I use the 5 min, 3 min, 2 min, 1 min
This is only for the open.

 

[pavilion103]

Hugely successful night.
First 2 setups on open failed for -4.8 and -3.8 respectively.

Re-entered.
Just took off both contracts at 6828.5 and 6831 for total of 61 point profit.

It's at a support level, so no regrets even if this does keep going.

I've got what I came for

 

[pavilion103]

I might add that tonight the luck fell in my favour.

I held at break even during the UK news that was out and was kept in BY THE TICK!!

 

[pavilion103]

Another near identical setup on open.
This pattern has repeated itself 3 times this week on open.

Difficult one to play now because resistance is at 6825 area.
Could hold and then move up, or could keep moving lower.
We will see.

 

[pavilion103]

Last night's trades

 

[VSntchr]

Nice trade there PAV, good to see your set-ups paying off.

 

[pavilion103]

In progress.
Stop at BE.
Forming a triangle.
Could go either way.
If it was 20 points in profit I'd consider lifting one.
For 10 points per contract I'd rather allow for a push down and then lift one/both

 

[pavilion103]

2 short 6815.
This is what I've be looking for!!
Lifted one at 6780.

Leaving a runner now

 

[VSntchr]

Woohoo, straight down the hole tonight...exciting to see some action!

 

[pavilion103]

When everyone was criticizing me for seeing what I wanted to see on the short side I did not let it deter me.

A good lesson for all traders.

 

[pavilion103]

Closed one 6780 and the other 6770.

Will look for re-entry Monday.

Good week.

 

[pavilion103]

6770 short.
A couple of failed attempts before that losing a handful of points.

I stupidly only took one!

Will leave overnight.

 

[cynic]

Woohoo, straight down the hole tonight...exciting to see some action!

Well, that's Friday 13th for you!!

Could it be that the FTSE is superstitious?!!!

 

[pavilion103]

FTSE boring for me last week.
Nothing really to report.
Left the screen early most nights.

Had more luck on the SPI which I've started to trade.