Day Trading Futures

[Trader Girl]

short Spi again @ 4344

Basis resistance from previous high.(overnight)

 

[Trader Girl]

short Spi again @ 4344

Covered my short from 4344 @ 4339

 

[SevenFX]

Anyone else catch the nice SPI runnup 34pts at 11.14am-11.31am all within a few mins..???

 

[baby_swallow]

nice work T/G....
but that's a lot of broker fees in there...
hope ur not using an Aussie based one...

 

[Trader Girl]

nice work T/G....
but that's a lot of broker fees in there...
hope ur not using an Aussie based one...

$5 Round turn.

 

[SevenFX]

So did you catch the 34pts thrust up T/G..???

WoW wish that happened more often.

 

[Alpha_Bet]

OK

Cant see the point in posting Opened here covered there.
So will leave it to T/G.
As you well know its as easy as to show small gains trading R/T data and posting
as fast as you can to manipulate 4 or more so ticks.
Infact to place orders AND post in the timeframe I would suggest is close to impossible with a minute in between posts.
I know whats going on and will leave it at that.

A useless exercise.
'But hey if it amuses the masses.

It's a journal. This site could do with a journal area.... need something to liven this place up.
TG is not running some space age algo. You have entries and exits, reverse engineer it if you wish.

 

[SevenFX]

So did you catch the 34pts thrust up T/G..???

WoW wish that happened more often.

Hmmm...no reply T/G.??? still there.?

So if you didnt catch the trust up at 11.14am which was only 15mins.. did you catch the whole run down from 1pm to close. what a run...!!!

I'm always looking to learn... so what was your entry n exit & any other signals that may help me T/G.?

Thanks
SevenFX

 

[Trader Girl]

Hmmm...no reply T/G.??? still there.?

So if you didnt catch the trust up at 11.14am which was only 15mins.. did you catch the whole run down from 1pm to close. what a run...!!!

I'm always looking to learn... so what was your entry n exit & any other signals that may help me T/G.?

Thanks
SevenFX

Not my style of trading,those type of moves
are rare I can't predict when they occur.

 

[SevenFX]

Not my style of trading,those type of moves
are rare I can't predict when they occur.

So wouldnt it be safe to run a trailing stop once a trend is been established, well thats
my tatics atm but I'm green to all this...

What could you share about your system, that would benifit me/us.?

Thanks
SevenFX

 

[Trader Girl]

So wouldnt it be safe to run a trailing stop once a trend is been established, well thats
my tatics atm but I'm green to all this...

What could you share about your system, that would benifit me/us.?

Thanks
SevenFX

As stated earlier I do not trade trends and place stops waiting a large move.
Nothing wrong with that approach but my trading is based on short term scalps
of 4-10 points max. with a 10 point hard stop.I do not always wait for the 10 points to exit a losing trade.

I am firmly of the belief that each trader has to find "their own way".
But I'm happy to explain my approach to trading.

It is critical for me to form an opinion as to the the likely direct of the market intra- day
I do this a number of ways.

1.Look at the overnight action in the US and Europe.
2.Look at the action of the Spi especially into the close of the previous day.
3.Observe the price action in Asia during the day.
4.Aud should be looked at continually.
5.Study a Spi chart looking for supp/res areas.
6.I always look to find optimum areas on the chart to enter a position from intra-day to
a month out.
7.Eventually you get a feel for the likely direction of the market on a given day.
8.Plenty of screen time to observe and learn.


I don't have a system

 

[tech/a]

As stated earlier I do not trade trends and place stops waiting a large move.
Nothing wrong with that approach but my trading is based on short term scalps
of 4-10 points max. with a 10 point.I do not always wait for the 10 points to exit a losing trade.

This is a good strategy.
Particularly with the SPI.

I don't have a system

Actually you do.

Im a little different in looking for a little longer moves.
But I dont mind being stopped at B/E 10 times to pick up a 50 pt move in the FTSE.

Different strokes.

 

[Trader Girl]

Short Spi @ 4261

 

[Trader Girl]

Short Spi @ 4261

Covered short from 4261 @ 4257

 

[tech/a]

Just popped off all the stops short 4258
Stop at 4258 B/E

 

[tech/a]

Covered 4231

Out to lunch--my shout!

 

[SevenFX]

In on another run short @4249 with trailing tighter than init stop.

Huhhh going to lunch in the middle of a run.???

Trailing stop hit @4219

 

[SevenFX]

Thanks for that advice above T/G

Few valuable points in there that I could use as I so focussed on
the micro that I forget the macro.

 

[Bronte]

Interesting thread this one.
You just have to love "Trading the SPI"
We have 'Day Traded Futures' for 16 years now.
Posted on many forums for over 10 years.
Keep it up lads, very very interesting

 

[Trader Girl]

short Spi @ 4233