FiftyEight Fluffs Around In Futures

[fiftyeight]

Well i wasn't going to trade, but my momentum play showed and i stole 10 points, off to the pub, a good weeks in the books.

Good work, free night at the pub.

I wont be on much longer either but 2 positives from this arvo, I did not lose any $$$ (defiantly missed some though) and I spotted something to put on the investigate list

 

[fiftyeight]

Something I have been thinking about lately is how to better/earlier identify a breakout, failed breakout and a stop run

 

[History Repeats]

Something I have been thinking about lately is how to better/earlier identify a breakout, failed breakout and a stop run

I thought you were reading VSA and Wyckoff books, i reckon people should reread few time at least. Also search through and learn Tech/a's post.

As for your question this might be a bit of help.

https://www.aussiestockforums.com/forums/showthread.php?t=22010

https://www.aussiestockforums.com/forums/showthread.php?t=20906

 

[fiftyeight]

I thought you were reading VSA and Wyckoff books, i reckon people should reread few time at least. Also search through and learn Tech/a's post.

As for your question this might be a bit of help.

https://www.aussiestockforums.com/forums/showthread.php?t=22010

https://www.aussiestockforums.com/forums/showthread.php?t=20906

I have read them but you are correct, maybe worth a re read now I have stared at a screen for a few more hours

 

[fiftyeight]

So many more orders sitting in the DOM on the FDXM compared to the FDAX but volume is much greater on the DAX.

Are the orders sitting on the books on the FDXM to kind of lock the price to the FDAX and stop someone from sweeping the book of the FDXM?

 

[CanOz]

So many more orders sitting in the DOM on the FDXM compared to the FDAX but volume is much greater on the DAX.

Are the orders sitting on the books on the FDXM to kind of lock the price to the FDAX and stop someone from sweeping the book of the FDXM?

Market maker....

 

[fiftyeight]

Market Maker setting orders to stop a sweep and to essentially lock the price to the DAX?

Please tell me I got something correct on my first guess for a change ?

 

[fiftyeight]

Back on site, so what better way to spend a Sat night. Purchase Jigsaw and try and figure out how to fit everything onto a 22inch screen.

This may take a few attempts

 

[CanOz]

Yeah, that's my main beef with jigsaw, takes too much valuable screenestate. I'd rather have more doms than charts...if I had to choose, just sayin....not popular with the "price action" crowd...

 

[fiftyeight]

Does anyone have some resources on order flow on thin markets?

There is plenty of "stuff" out there on order flow but not much on thin markets like the DAX and HSI

 

[CanOz]

Does anyone have some resources on order flow on thin markets?

There is plenty of "stuff" out there on order flow but not much on thin markets like the DAX and HSI

The best way to learn is to do Petes excercises. Use only the Dom for a few weeks. You don't see as much stuff going on as there used to be, but still see some stuffing of the book, spoofing, icebergs etc....the main thing is to get familiar with execution. Try setting up some pre programmed stops etc...can be handy. Enjoy!

 

[fiftyeight]

Still working through his stuff. I am just finding some of it not applicable to thin markets, or maybe bad tradesman blames his tools..... that reminds me I need new golf clubs.

Lesson one for example, focusing on orders executed, the DAX moves so fast it often re-prints over old levels before I have time to read it let alone figure out what is going on.

I will complete the stuff on jiggy and hope something clicks soon.

Note, this is not a reflection on Jiggy, I am really enjoying it. It just would be nice to see more thin market specific educational material

 

[fiftyeight]

PS

Short 10558 at $5 a point

Just seems like an ideal place to be short :1zhelp:

 

[fiftyeight]

This is where I struggle (time of writing I am short at 10558 and market is 10522

Apparently newbs let loseres run and cut profits. I am the opposite, ill cut the **** out of something that moves against me but I LOVE to hold winners.......allllllll the way back to BE

My stop is now at BE, lets see what happens tonight ........

 

[CanOz]

This is where I struggle (time of writing I am short at 10558 and market is 10522

Apparently newbs let loseres run and cut profits. I am the opposite, ill cut the **** out of something that moves against me but I LOVE to hold winners.......allllllll the way back to BE

My stop is now at BE, lets see what happens tonight ........

Lol...that was me, I was the same!

 

[fiftyeight]

58

Told you 58 rules allll

 

[fiftyeight]

I don't love being taken out at BE but I had a plan. I wanted to get short at what I perceived a high and then let it play out. If something unexpected happened I was printing $$$. It was a very small portion of my funds.

Plus if I picked a top I would look a ASF master!!! :

 

[fiftyeight]

Lol...that was me, I was the same!

I am getting better with this. Instead of changing how I work I am trying to scale in and scale out.

 

[CanOz]

I am getting better with this. Instead of changing how I work I am trying to scale in and scale out.

Yeah exactly, trading with 1 contract is the big issue. I like to go all in scale out on my bread and butter plays, then working on scaling in scaling out on rotational fade days....

 

[ThingyMajiggy]

Yeah exactly, trading with 1 contract is the big issue. I like to go all in scale out on my bread and butter plays, then working on scaling in scaling out on rotational fade days....

Just curious Can, how many bread and butter setups do you have? And what makes them "Bread & butter"? Do they occur every day or just ones that you know the best or have the most success with?