Futures trading journal - GB

[Gringotts Bank]

L 4515.5

BE again

 

[Gringotts Bank]

L 4517.5

+12

Tiny signs of a turnaround appearing.

 

[Gringotts Bank]

L 4524.75

 

[Gringotts Bank]

L 4524.75

+42

 

[Gringotts Bank]

L 4536.5

(4564 is an important level, unlikely to be breached. May come close, but I expect it to fall back when it gets close).

 

[Gringotts Bank]

L 4536.5

(4564 is an important level, unlikely to be breached. May come close, but I expect it to fall back when it gets close).

-40

Price turned up off the daily imbalance, but there was only 2 solid trades last night, and I missed one of them. Ended up close to flat.

4564 is the level, imo. If it busts through that, the bulls are back. But I think the bears will be looking to push it back down, so will look for a short position near that level.

 

[Gringotts Bank]

May get a move up now. Tic-tac pattern into volatility expansion.

L 4538

Tic-tac must have volume and volatility contraction. Can mark the end of a downtrend, or the beginning of a continuation upwards.

 

[Gringotts Bank]

May get a move up now. Tic-tac pattern into volatility expansion.

L 4538

Tic-tac must have volume and volatility contraction. Can mark the end of a downtrend, or the beginning of a continuation upwards.

View attachment 160548

Wow, she's bearish alright. Began a decent move up then got smahed. This trade would normally be a shoo-in.

Still in trade, but will try to get out near BE.

 

[Gringotts Bank]

Wow, she's bearish alright. Began a decent move up then got smahed. This trade would normally be a shoo-in.

Still in trade, but will try to get out near BE.

Out for a small loss.

 

[Gringotts Bank]

Back in, same price. Let's see. T = 4548.25

-14

Messy++ price action, not normal. Can't get a handle on it.

 

[Gringotts Bank]

S 4560

 

[Gringotts Bank]

S 4560

Picked the exact turning point for my biggest winner yet.

 

[Gringotts Bank]

ES fell down to a value gap printed on Jul 23 (boxed). Such large gaps signify very strong buying, which means it will probably be defended. In other words, we'll probably see some sort of rise next week, but it may not be immediate. Possibly a move to somewhere near 4526. Anything above 4543 would signify the bulls are back, but that's a long way off right now.

If it happens to head down early next week, the next daily imbalance is shown on the chart at 4470.

 

[Trendnomics]

Come on back and tell us @minwa!

He blew up - working at maccas now