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Roller's Intraday futures journey

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I've got a feeling that today might be tricky. We have closed in between these two high timeframe levels so I think I need to try and be patient, this has definitely been a downfall of mine.

With such a bullish move up over the last few months. I don't think that run will end with a single leg down. In the past I have found price likes to test these highs but nothing is certain


 
Another good day today, apart from some silly trades early on I read the market quite well. I was in and out a few times within the first 15 minutes trying to get set. So my average by the time we broke out was around the first green line.

I sold three quarters of the position once we pushed up with some high momentum above some previous highs. The rest of the position got stopped out on the way down to the retest

I mentioned yesterday that levels seems to be more accurate when the volatility is higher. But it is also harder pulling the trigger. Luckily I listen to my own advice and went long once again on the retest of the red line around 700. This was only half size of my normal position as I did not want to give up early gains if it went wrong. We nearly got up to my target which was the green line above current price so I tightened my stop and got stopped out on a pullback.

Overall a good day, I don't think I want to do any trades in the afternoon. My stats say that generally they don't work out well for me but we'll see what happens



It would be good to see the zone above current price get tested over the next hours/overnight. This could provide a point to go short or possibly some support if we can get through it for another long up towards the highs.


 
It would be good to get a pullback to the shaded area, but this may not happen. If price pushes up to those levels marked up above this may be a chance for a short. They are trades want to focus on long off support or shorts up around the higher levels. Alternatively if we push up aggressively through those high levels long trade may present itself looking for new highs.

If we do get a pullback to the area I'm looking at and we cannot break 050 or the current closing price on a bounce then this may be another opportunity for a short targeting 900 for a start

 
After a early long that got stopped out, I over traded trying to get short. If I was patient enough and waited for a pullback right up towards the closing price like I mentioned this morning then I would have come out ahead. But not too much damage done as I was trading smaller size today.

This area seems to be just hanging on by the skin of its teeth, possibly some distribution going on above this support area. There was some strange action today just big burst of volume with no follow-through, creating big wicks on some of those candles which made trading hard but could be some distribution going on. See what happens overnight

 
I was wrong about price looking like it was going to break down. My initial plan of looking for longs offer that the zone just below 31,000 would have been good but the major move came after hours in the US session. Sometimes this happens and there isn't much I can do about it.

Price broke through all those upper levels I have marked up, we are now in blue sky territory. I haven't traded in this type of environment before so it will be interesting.

Trend is most definitely up for the moment

 
A solid downtrend day today. Not what I was looking for. I was hoping for a push under and then a reclaim of the 450 area, although I did not enter long I should have had a plan to flip short if we did not reclaim it.

I waited patiently for a test of my levels, and I entered long just above the shaded area above 150. But once I was in I flip-flopped around, entering and exiting what I should have just held. Bit disappointed but I will need to learn from it


 
Tricky read atm with the overnight holiday in the US.

Ideal trades would be
A. attempt to break down through T1 (below price) with a failure giving me a chance to get long.
B. short after a attempt to rally through blue above current price - this level could also provide support targeting higher prices


 
Roller_1 said:
B. short after a attempt to rally through blue above current price - this level could also provide support targeting higher prices
Click to expand...

Agressive Rally into that level, i got short but didn't give it enough room, stop got hit on the high! and then did't get filled when i tried to re enter. Would have been a monster

 
More pain, was looking to enter long for a larger swing towards t2 over night. But stopped out 2 ticks off the low. once again i didn't hold out long enough.

instead if a really good day it becomes a bad loser. Thesis good - execution poor. So not all is lost

 
We couldn't get through that first area of resistance overnight. This has put in a lower high on the medium timeframes.

I am watching the blue line just below current price, if price sweeps for liquidity below there and then can reclaim it I will look to enter long.

Alternateivly for long is if we reclaim resistance above current price I will be focusing on Long's but watching 31 300.

If price goes below the blue line and then not reclaim it is to offer a chance for shorts targeting lower levels

 
A good day today, i got long off of support in the morning. i thought price may continue up but i was cautious and sold on the up when we reached resistance.

once we broke through support i entered short and got a small trade dwn to S1..


 
Looking for shorts down towards the long POI. But because we have recovered the high timeframe level (red line) this could hold up on a test again.

So I will be cautious with the shorts as the area between those two redlines has proved to be support the past few weeks. But I still think it might like to be tested again

 
There was no shorts yesterday. Although I did try 1/2 size position which did not last long. I then tried to get long on the pullback but got stopped out, I was not quite patient enough to let it push down to the demand level.

Where we are at now is an important zone in the scheme of different timeframe trends I think. This current level is where this short downtrend started until it was broken yesterday. If we can hold underneath the zone around 450 this could be a shorting opportunity but the higher timeframe trend is still up so I need to keep that in mind

 
I got seduced by the choppy action Friday morning and thought that it was doing some distribution just around the 400 level. Straight after lunch price just rocketed up and didn't look back. A good reminder to focus on the higher timeframes, they were never trending down. The trend is up until it is not, simple.

Now we are back into blue sky territory. No real levels above except below current price

 
We did not quite get a deep enough pullback for me to enter, I did have a level marked up there but was reluctant to go long as in the past I have not been patient enough. But when prices moving sometimes it only needs one chance to keep going, knowing when to step up is the tough part without getting chopped up


 
That overnight dump was the first real sharp sell-off we have had for a few weeks. May indicate people are starting to take some profits and get jittery in these higher levels. It was a US news based sell-off but that may have just been a catalyst. In saying that there is a fair bit of volume that stopped that sell-off possibly some more accumulation.
 
Another huge move today, nothing worse than saying these are not being on board with it. Once we reclaimed that overnight low I was really hoping for a pullback or a chance to enter but when these go they go.

 
Pre market tonight is neither here nor there..........wondering where it's going to lead to.
 
There has been some huge volatility lately. Have a look at the massive capitulation straight down towards yesterday's open.

I was actually short after the upthrust above yesterday's high level. But took profits once we swept below the blue line around 550. I thought if we break back down i'll get back in on a retest of that level once again, but this never came and it just melted down.

At about the orange arrow i was thinking surely it will not get down to that zone, but think it was down there within three minutes!

Wild!

 
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