Futures trading journal - GB

[Gringotts Bank]

+26

 

[Gringotts Bank]

There's a channel formed now, and this will be hard to break out of, especially after the big run up that preceded it. I trhink it will stay within the channel until the weekly imbalance at 4349.75, but there may be the occasional long trade somewhere in the mix.

30m

 

[Gringotts Bank]

L 4404

+40

And it's just broken out of that channel that I said wasn't going to happen.

 

[Gringotts Bank]

Trading US futures in Australia : Mr Taxman

www.mrtaxman.com.au

"Whilst the US taxman would obviously want a piece of the tax pie, there is an agreement between Australian and the US Governments which avoids any double taxation of income. US tax will be restricted to only dividends (15%) or interest (10%) that you might derive over there in your trading activities".

 

[Gringotts Bank]

A little bit of buying coming in since 4pm, but price is falling.
Looking for an entry around 4410.

 

[Gringotts Bank]

L 4430.5
T 4447

May double down at 4410.25 if it falls.

 

[Gringotts Bank]

BE

 

[Gringotts Bank]

L 4421.5

 

[Gringotts Bank]

+27

4410 was the level. Missed it as I was busy doing other things.

This current bullish leg is a bit unusual in my reckoning. Think it's going straight up to 4450 or thereabouts.

 

[Gringotts Bank]

+27

4410 was the level. Missed it as I was busy doing other things.

This current bullish leg is a bit unusual in my reckoning. Think it's going straight up to 4450 or thereabouts.

Unusual in that there was very strong buying, but it wasn't printing any value gaps. I thought the buying would be more important, but the lack of value gaps in that move proved to be more important. The price dropped to fill in that area, now it looks to be heading to 4449.

 

[Gringotts Bank]

L 4441

 

[Gringotts Bank]

+31

 

[Gringotts Bank]

Missed the second trade - damn it.

Thick FVG run up with low volatility was so bullish, then the inflation figures were positive on top of that.

4481 may be the top. Major trendline.

Made about 850 ticks in the last 6 weeks.

 

[Gringotts Bank]

Expecting a sudden drop some time soon. Will try to catch it for a short.

S 4485

 

[Gringotts Bank]

Taking it's time to roll over, but I timed that one to perfection!

+30

May go fruther but I'm tired. zzzz

 

[Gringotts Bank]

Between 4:30 and 5.45am, ES showed a classic and very obvious topping pattern.
Expecting a further correction down to 4456-4458 Mon am.
Longer term, onwards and upwards. There's a trendline target from way back in Oct 22, and it sits at 4560 approx. High time it was filed.

Gold may finally break free of the doldrums next week, since it has now rebalanced on the weekly TF.

 

[Gringotts Bank]

L 4489.25

 

[Gringotts Bank]

L 4489.25

-4

I can't tell if this sideways action since open is a ledge or what. FVG chart is saying that it might well be, so I'm out.

PMI data at 11:45

 

[Gringotts Bank]

L 4486

-17

 

[Gringotts Bank]

Gold may finally break free of the doldrums next week, since it has now rebalanced on the weekly TF.

So it did.

ES has an early close.