Australian (ASX) Stock Market Forum

Futures trading journal - GB

Long sideways move with Jul 4th holidays. It's formed a flag, but on very low volumes as shown in the candle volume chart. So it's not a normal flag.

30m

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Commissions with CFDs are about 6x that of futures. Makes trading near impossible unless holding longer term.

Should get some bounce off 4483.25
 
The candle volume is indicating ES should get a look on the other side of this trendline. No blow off top or strong selling yet.

T 4495.25

Now it's touched the line and there's selling pressure coming in, so I'm getting out.

+24

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Anyone interested in Wyckoff may want to check out the top from midnight to 1:45 our time on the 1m chart.

L 4475
 
+33

This up leg is very thin. Low volumes, no value gaps. Like a relief rally on the small TF. Expecting a return to the recent lows.
 
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