Day Trading Futures

[tech/a]

Stopped

 

[skc]

Short Buy stop order at 4285
just triggered
Stop 4290

Sell stop 4274

What is a short buy stop order?!?! You long or short?

 

[tech/a]

Sell short at X
Sell order. Stop limit order.
Sorry

 

[Trader Girl]

I personally find that placing close stops on the Spi usually results in getting
hit.That's why I use 10 points as a hard stop to allow my trade to show me I'm wrong rather than being stopped then watch it go my way.

 

[tech/a]

I personally find that placing close stops on the Spi usually results in getting
hit.That's why I use 10 points as a hard stop to allow my trade to show me I'm wrong rather than being stopped then watch it go my way.

Fair enough.
I work a little differet increases my R/R.
Im happy to place a technical stop.
I like a trade to move immediately and if it doesnt then Ill move the stop tighter.
Sure ill get stopped as I have today.
But once set Ill let the trade run with stop at B/E.

If it comes to resistance/support then Ill look at closing on strength or weakness.
if however it is showing signs of going through either then Ill set a stop close behind.

Unfortunately I cant devote the screen time and miss many opportunities as my office is often full of people and phones.
The FTSE is easier for me as Im at home.

Missed a good move which is now challenging support
Not looking that strong.
But about to go out of the office and will have to let the market do what it does.

 

[skc]

We are lagging rest of Asia by 1-3%. Really expected a rally in the afternoon but looking increasingly unlikely having just printed a new low...

 

[wayneL]

Anyone able to read a daily spi chart would see the 4300 area that we opened at today
was clear resistance in the past therefore a good area to short.

Such confidence and savvy, from someone who purportedly had been trading less than six months.

 

[tech/a]

Such confidence and savvy, from someone who purportedly had been trading less than six months.

Today is the first day I'm trading live on the Spi 200.
I would like to share my trades with interested traders.
It will hopefully help me to become a better trader and
allow others to share and we may learn something along the way.

Common mate SPI's a piece of cake.

90+% hit rate 5 lot orders
10 tick stop.
Plenty of room for improvement---Ill bite HOW DO YOU DO IT?
Where do I pay!---seriously.
If I dont have to pay please explain here how you go about your trades.
Entry and exits.
You must have a format---you dont guess---do you?

 

[tech/a]

Short FTSE 5238
Stopped at B/E

Short 5245

 

[Kryzz]

You must have a format---you dont guess---do you?

Maybe she's a Van Tharp advocate..."very few entry techniques beat a simply random entry-a coin flip at a random time to determine whether to go long or short in the market"

 

[tech/a]

Stopped B/E

Short 5244
Stopped again at B/E

 

[tech/a]

Off to the sauna closed for the day.
Around $100 losses for the day.

Tomorrow awaits.

 

[Trader Girl]

Such confidence and savvy, from someone who purportedly had been trading less than six months.

If I don't have confidence in myself who
will?

To attempt trading seriously without confidence
would be a disaster for me personally.

 

[Wysiwyg]

Maybe she's a Van Tharp advocate..."very few entry techniques beat a simply random entry-a coin flip at a random time to determine whether to go long or short in the market"

How factual is that? One would have to know all the entry techniques people use to evaluate if "very few" do beat random. Enter in the direction of trend is popular.

 

[Trader Girl]

Common mate SPI's a piece of cake.

90+% hit rate 5 lot orders
10 tick stop.
Plenty of room for improvement---Ill bite HOW DO YOU DO IT?
Where do I pay!---seriously.
If I dont have to pay please explain here how you go about your trades.
Entry and exits.
You must have a format---you dont guess---do you?

Combination of tape reading, order flow,observing charts
but overall the most important factor would
clearly be to determine if I should be looking
to go long or short and the patience to
wait for entry's ie. let the market come to
me and NEVER chase it.

 

[tech/a]

And a month ago you had never traded the SPI.

S_U_R_E

 

[Trader Girl]

And a month ago you had never traded the SPI.

S_U_R_E

You asked I'm telling you like it is.
The results speak for themselves.

 

[tech/a]

Results aren't in question
You are.

 

[Boggo]

Looking at both a Futures and Forex experiment in MTPredictor.

Just running some European Futures through MTPredictor with live data from Metatrader (not sure how accurate the data is) but getting some interesting signals.

This is a chart of what it is telling me is the German30 Sept contract.
Two nice TS3 sell signals so far tonight.

(click to expand)

 

[Boggo]

Just running some European Futures through MTPredictor with live data from Metatrader (not sure how accurate the data is) but getting some interesting signals.

Added some $$ for it to do some calcs with, looks like it may be worth following up on to see if it is just a one (or two) off.

(click to expand)