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ariesr

Member since: 19 Mar 2004

Free

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All UK scalping times

07:00 Europe futures spike
08:00 UK Open
09.30 Date release
11:00 US Futures traders turn up
1.30 US data
2.30 US Open
3.00 Reversal spike
4.25 Wed div spike
4.35 Auction close on ftse
5:00 US reversal of european direction
8.30 US jig

The significance is you should be able to trade "momentum" within a 30 min timeframe.Use the 10 min & 5 min charts to ascertain the range ( ie the trading bands ) and use the 1 min chart to confirm direction within the 10 and 5 min candles.More often than not a cross of the ema 6 /13 will give you the direction of next ten mins.

Test the direction with a small trade and then size in.
You won't go far wrong

If you are going to trade the US markets then the ES/spx are the best to trade imo because they are the ones most US traders trade,the volume on the ES future is massively more than the Dow so you tend to get more of a reaction at key levels.

FTSE predictable movements.

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