I have been paper trading the FTSE Futures for over a year now, with occasional trades live. I would like to find other FTSE Futures Traders and compare notes.
I use support and resistance from the 60 minute and daily charts, and watch the 5 min, 1 min and 50 volume charts all the time.
As soon as a reversal is in, I look for retracements to the 38%, 50% and 61.8% levels.
I don't use pivots, but I make a rough note of where they are. They work better for swing trades, and are less accurate for scalping.
I use the 5 min chart to monitor trends and the 1 minute chart to time my entries.
As for strategy, I trade reversals, continuations, pullbacks and breakouts.
I am interested to see how many others scalp the FTSE futures like me, and if they are comfortable taking so many trades in a day. Also what set ups do they use that are successful.
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