FiftyEight Fluffs Around In Futures

[fiftyeight]

turn the P+L column off i reckon

Yeah I will give that a go next time. That pic was more to show how much commish drag there is

Fifty-eight, why would the two histograms match? They are two different instruments....??

Yeh did not expect them to match but thought similar. As the day has progressed the overall shape is much more similar. This is no help though as the shape is developing earlier in the day and trying to trade off it. Still this afternoon there are differences.

Say for example I wanted to trade off of 24780 on the HSI on the right, do I take the trade on the MHI and not worry about the difference as the HSI will move the MHI or wait for it to unfold on the MHI?

TH mentioned to have the HSI up but trade the MHI as the HSI leads the MHI, I may have misunderstood.

 

[fiftyeight]

Watching the HSI today and kept seeing this 50 lot bid pop up. Always seemingly getting pulled before it was filled. This went on for 5 - 10 mins.

Only theory I can come up with is someone selling to punters trying to front run it. Seems like a good place for a short but are they that obvious??? Lets see how the day pans out?

Any other suggestion on what might be going on?

Apart from that I have recognised no faces, not sure I am even looking at people

 

[fiftyeight]

It was happening in this area

 

[ThingyMajiggy]

If it was just flashing up and disappearing again(ie. fake) then yeah it's probably someone/an algo actually getting short on the other side, selling into people/algos who are seeing that are thinking the market is "strong".

 

[CanOz]

That sounds to me like a classic spoof 'em up to sell higher. The market participant scares the market up, all the while selling more at a better price. Used to see this almost daily on the Dax if it was a rotational type day....Good work Fifty-eight!

 

[CanOz]

Yeah I will give that a go next time. That pic was more to show how much commish drag there is



Yeh did not expect them to match but thought similar. As the day has progressed the overall shape is much more similar. This is no help though as the shape is developing earlier in the day and trying to trade off it. Still this afternoon there are differences.

Say for example I wanted to trade off of 24780 on the HSI on the right, do I take the trade on the MHI and not worry about the difference as the HSI will move the MHI or wait for it to unfold on the MHI?

TH mentioned to have the HSI up but trade the MHI as the HSI leads the MHI, I may have misunderstood.

Yeah, the MHI is being led around by the HSI, so use the latter for information and the former for execution.

 

[fiftyeight]

Haha what a waste of a morning figuring out how to export out of NT. Got there eventually but damn I am an id!ot

 

[fiftyeight]

Bit of consolidation on the days lows and previous S/R

Which way will we go? Looking at the daily I'll guess bounce off the resistance and into the previous range

 

[fiftyeight]

I am awesome at this game

Enquire within for assistance in what not to do

 

[fiftyeight]

Watching both BookTrader and NT DOM today.

Booktrader and NT seem to show orders going through at market 1 or 2 lots most of the time and then on NT you will see something larger like 10 or 20 go through

Booktrader never (at best rarely) shows these larger orders going through, any ideas on what is actually happening will be greatly appreciated?

 

[fiftyeight]

Was not at my comp the entire day today, but here are a few charts looking back at the action.

I am still not confident looking back at charts that I have it correct, so still a LOT of screen time before I can do it in real time..... and accurately haha

 

[tech/a]

Don't say I don't give you something for nothing.

Now its up to you to best implement it!
Just got the big move on the DAX 1 hr 40 ticks.



This is the foundation of our trading methodology (Kris and I)
There is a lot more but that's all I'm giving out.
No Its not for sale.

But start here and keep refining Your IMPLEMENTATION--its well worth the effort!
All time frames and all Index futures we have looked at so far.
5 of them.---including HSI.

REALLY HIGH VOLUME!

 

[fiftyeight]

Haha you have given me plenty for nothing

You make it look so easy, but as you have said many times before it is all about the practical application.

I have mentioned this before but its something I am still pondering. When looking at volume I dont think it is just a case of oooooooo high volume its going to reverse.

Is it high relative to the past few bars, volume through out the day, volume at similar times of the day over the past few days, volume in similar sitiuations or as I suspect a combination of all.

All part of screen time and gaining an understanding/feel for when something looks out of place

 

[fiftyeight]

Thinking about this again this morning, who was buying if the longs were covering

 

[Sakk]

Don't say I don't give you something for nothing.

Now its up to you to best implement it!
Just got the big move on the DAX 1 hr 40 ticks.

View attachment 61879

This is the foundation of our trading methodology (Kris and I)
There is a lot more but that's all I'm giving out.
No Its not for sale.

But start here and keep refining Your IMPLEMENTATION--its well worth the effort!
All time frames and all Index futures we have looked at so far.
5 of them.---including HSI.

REALLY HIGH VOLUME!

tech

I also use high vol bars for both set up and closing positions or partial close.

I use the 1min chart for viewing high vol bars then a 2 Range chart for entries.

You dont automatically short or go long on high vol bars BUT you can use them as set ups/warnings to look for reversals or close out a potion or partials. As tech said create your method around this info.

See attached chart, the entries are at the lime green levels but off a tick chart. Todays action was clean and i'm done for the day. I made several other trades within that price action but based around other setups which have taken me years to refine but they are just as simple.

I'm still new to trading the HSI (trading the MHI atm though) and am testing my approach to see if its valid as i've come from FX trading.

Here's the chart, hope it helps.

 

[fiftyeight]

Mornings efforts.

Tried to focus on volume and and the levels I had marked up this morning. Also had the DOM open which kept me out of a few spots when I seen a large order not getting pulled out of the way as soon as it went bid or ask.

Still over trading with some absolutely terrible entries but not too fussed about that yet as I am still looking for my set/ups, patterns and faces. Once I have some idea ill try and get more selective.

Today I was taking 2 lots with a 10 point stop on both and then a 20 and 40 point profit target. As I have a bad habit of letting winners come all the way back on me my rule is to never push the 20 point out but I can bring it in if I feel the need.

The 40 point target is a bit more flexible but if I start pushing it out I tighten the stop to prevent giving back to much. This still needs a bit more pondering at experimentation.

The stop loss and profit targets are not based on any testing, I just needed to start somewhere

 

[tech/a]

One equity curve for short trades only on one method we are currently playing with.
The base is as I have pointed out.

 

[fiftyeight]

One equity curve for short trades only on one method we are currently playing with.
The base is as I have pointed out.


View attachment 61894

Your playing around looks a lot more impressive than mine haha

Base as in the red line of the max draw down or base as in it is a short method based on volume spikes as we were discussing before

 

[fiftyeight]

I'm still new to trading the HSI (trading the MHI atm though) and am testing my approach to see if its valid as i've come from FX trading.

Here's the chart, hope it helps.

Thanks for the chart Sakk, nice to have someone in the same market. You seem a bit further along than me, why the swap to the HSI.

I did spot those set ups as well, just executed poorly compared to yours

 

[Sakk]

Thanks for the chart Sakk, nice to have someone in the same market. You seem a bit further along than me, why the swap to the HSI.

I did spot those set ups as well, just executed poorly compared to yours

A lot more points on offer in a much shorter time