International Index Trading

[Mr J]

I had no idea this thread existed. The indices are putting me to sleep.

 

[Edwood]

yeah interesting - ES took out yesterdays highs but Dow didn't - neither FTSE. I'm looking at UK CFD a/c fwiw. Assume it was ES leading it then

 

[Timmy]

yeah interesting - ES took out yesterdays highs but Dow didn't - neither FTSE. I'm looking at UK CFD a/c fwiw. Assume it was ES leading it then

It was certainly a strange move on the ES - normally very quiet around that time each day of course, but really high volume (for that time of day) from about 1.40 pm (AEST) and a steady march up in price, then the rapid move just after about 2.08pm, again on relatively big volume. I'm saying it was short covering, and since the spike the price has continued to move as if it was, but who knows for sure??? Maybe Obama farted and dropped the football?

 

[Timmy]

I had no idea this thread existed. The indices are putting me to sleep.

LOL - come over to the dark side Mr J (I say darkside 'cause its dark here when it all kicks off) ... have you looked at the US equity index futures, Dow NASDAQ and S&P?

 

[Mr J]

I've only focused on the SPI because of the hours. It hasn't been giving me enough opportunities so I've started trading the other Asian markets and the FTSE. I love the ES - it's perfect for my trading style - but the hours are pretty tough. The STW and HSI (MHI for me!) provide good aussie hours trading. Haven't yet tried the K200. All these indices have me wanting to automate my strategy and run it around the clock!

 

[Edwood]

sounds like a good plan Mr J. I concentrate on FTSE opening 90 mins & last hour of US which between the two give lots of options

appears ES spike was showing us the way then, nice impulsive move out of the lows

 

[Mr J]

I'm going the whole session at the moment. Friday afternoon, but the HSI is pushing out a nice little uptrend.

appears ES spike was showing us the way then

Except that it then made a lower low and lower high .

 

[Edwood]

yeah nice retrace to clear out stops, then orf.

FTSE not really buying the US rise o/night tho. possible breakaway gap setting up, .618 of gap filled - not that I'm bullish mind

 

[Edwood]

FTSE shaping up for a flat opening - gap above at 4350

 

[Edwood]

well we filled the gap at 4350 in a roundabout way!
sheesh last night was frustrating, stuck in a 10pt range for several hours - on the plus there must be a decent move coming then

 

[Mr J]

10 points was enough for me, although I only stuck around to make a 5 point trade.

Rising wedge on the STW for those who are into those things.

 

[Edwood]

some FTSE targets

 

[Edwood]

first of the lower FTSE targets hit o/night

lols to this bearish blurb from McHugh

 

[Edwood]

to put a number on it, he has 0 for Nikkei and Dax and around 500 for ASX if the h&s' play out - so looks like ASX will be the place to be

Updata has some pretty low p&f targets for ASX fwiw, will stick 'em up later

 

[Edwood]

McHugh must be smoking crack. but to be fair his Hindenburg Omen calls in 2007 were spot on, so perhaps he deserves some leeway

daily ASX

 

[Edwood]

guide for today for FTSE

 

[Edwood]

looks like some duff data on that latest spike, but upper count should still be valid. most of the downside targets hit so that could be it for the moment, but could test o/n lows

 

[RobinHood]

HSI fat finger?
how'd everyone do?

 

[Broadway]

HSI fat finger?
how'd everyone do?

I wasnt in a trade at the time, but I think exchanges owe traders an explanation with these events, rather than just forever wondering what happened.

Maybe someone just wanted alot of long contracts really fast, and couldnt be bothered picking them up slowly.
Maybe it was a random unplanned event.
Maybe it was planned and someone made a heap of money.
Who knows...

 

[Trembling Hand]

HSI fat finger?
how'd everyone do?

about 1/10 of what coulda been

I wasnt in a trade at the time, but I think exchanges owe traders an explanation with these events, rather than just forever wondering what happened.

Maybe someone just wanted alot of long contracts really fast, and couldn't be bothered picking them up slowly.

No it was the opposite.

Who knows...