Roller's Intraday futures journey

[tech/a]

Roller there is a lot I want to point out which will be helpful.

I'm just head deep in Civil stuff so can't devote the time to mark up charts for you with an explanation.
I'll see if I cant get time at night.

Enjoying your journey.

 

[Roller_1]

Roller there is a lot I want to point out which will be helpful.

I'm just head deep in Civil stuff so can't devote the time to mark up charts for you with an explanation.
I'll see if I cant get time at night.

Enjoying your journey.

No worries, thanks Tech

 

[Roller_1]

Very slow day today, I had that area in blue marked up where I was looking for longs and a push-up closer to the 28900 area before a possible bigger rejection. I was a bit too early on the first trade which got stopped out of the lows, but once we have that strong reversal I entered back in with a stop just below that bar. There was a little run up but it wasn't too convincing and i got out at breakeven on the way back down.

I then flipped and when short case we got the big move down I was looking for, still holding that into the close for a little test case haven't held over the close yet.

Target for the short is 28530ish

 

[Roller_1]

Target for the short is 28530ish

I ended up closing the short before I went to bed because I wasn't going to be at the charts on Friday. Which is a pity because it would have been a good trade in the end, if I had left my stop at breakeven I wouldn't have been stopped out overnight and the overnight lows were nearly exactly at my target just slightly lower.

It was good to see when I open the charts today that Friday session lows tagged a zone of interest that I had marked up a few days ago, a good thing about putting charts up on here is that I can look back to what I was thinking a few days ago to. So that's another bonus of documenting on here.

Very choppy so far this morning. Momentum has slowed on this push-up. I wouldn't mind a small push higher to that 900 area before a potential drop.

Longer term 60 min chart below

View attachment 133988

 

[Roller_1]

Some areas of interest for today marked up on the chart. Although I will only be at the screen for the morning so might not do too much trading unless we get around these zones

 

[Roller_1]

I had a couple of goes at this level, stopped out though. See what happens later today

 

[Roller_1]

I left the office after my last post so no more trading. If anyone is interested this is how the session ended up

 

[Roller_1]

An update from the trades from yesterday and today. I ended up opening a short just after the day session close and held overnight. I hadn't done this in ninja trader on the Sim account and wanted to see if it worked. got a nice drop from the level too, I had targets marked at the blue lines but apparently this doesn't work when you're not connected to live data. So instead of scaling out I got a full move which was nice, as the session just happened to close basically level with my second target.

I was annoyed this morning as I had a level marked on the chart below the high of the day around 28575, once price pushed up through that I was a bit concerned that we might keep going. So I did get a short on at all. But I can see where went wrong I think so that's okay.

A tsunami alert just after lunch got the price down to an area where I didn't think it would get to today! Hoping price gets back down there and we get some rotation around this level for possibly a larger move up? I had a go at running a short back down from a previous reversal point in the blue box. But once I saw it was a tsunami alert I cancel that.

 

[Roller_1]

Some areas I am eyeing off today. I think if the bottom one or 28100ish doesn't hold them prices could be going a fair bit lower

 

[Roller_1]

today so far, i got fomo'd into a trade early around that first blue box at the first sniff of weakness. Something I need to work on. Currently holding a short from a bit higher up. But I have tightened the stop right up, as I'm not too convinced with it.

I held a trade overnight last night and got my target, was only holding one lot so it couldn't let one got a bit longer.

I thought that price might need a bit more accumulation at the lower zone so that is why I was looking at this area but it was pretty impulsive from their last night and into this morning. See what happens over the rest of the week

 

[Sean K]

Are you doing this at your normal day job?

 

[Roller_1]

Are you doing this at your normal day job?

haha luckily that's not a issue, although when i am at work there is a lot of checking the charts on my phone

 

[Roller_1]

I did a fair bit of flip-flopping in that early mess this morning. There was a lot of volume going through a fairly small area right above/across old resistance. I was looking for long is up towards 29150 but then flipped a few times getting stopped out a few ticks before the drop. Not too many wins today day but I feel like I wasn't rushed too much.

Today I wanted to focus on not rushing into trades, so I thought I would give a bit more time when we approached a previous resistance area and then on first touch it took off!

 

[Roller_1]

I was looking for longs up towards 29150

We hit 29150 overnight, unfortunately I got stopped out just before the close of the day session so I wasn't involved at all.

I'm not sure if price needs to head higher than that level to test some areas or if we have done what we needed to. If price pushes up to that blue box or that band above it and looks i might try some shorts targeting lower prices..

 

[Roller_1]

We hit 29150 overnight, unfortunately I got stopped out just before the close of the day session so I wasn't involved at all.

I'm not sure if price needs to head higher than that level to test some areas or if we have done what we needed to. If price pushes up to that blue box or that band above it and looks i might try some shorts targeting lower prices..

View attachment 134422

I took an early long targeting the blue box that I had identified befor the session open. Unfortunately we didn't quite get there and it may not have been the best of levels. I then got stuck in the mindset of targeting longs for higher prices and went for a another go when I thought price was setting itself up for a spring back into the range. I think I need to be a bit more fluid in my thinking throughout the session and be mindful of if I need to switch bias. Once price rejected the level of where I tried the second long in a circle it was probably a good option to go short (obvious in hindsight) my last trade was another long but I had a tight stop and was targeting 28600. Unfortunately I was a bit early, even though I thought I was more patient than in the past and just hitting the bid as soon as Price gets to a area interest.

 

[Roller_1]

Some areas marked up for today. the zone above current price in the blue box I will be watching but I don't really want to take shorts there I don't think because there are some other areas above it were price might like to go to. If price breaks back down below the blue line at 28100 I will be more inclined to take shorts looking for a larger drop below yesterday's low.

I got onto a few nice trades yesterday and ended the day in the green. Although I was a bit sloppy overall and was lucky to come out ahead. Working on not getting stuck in a bias and trying to make trades fit what I think is going to happen

 

[Roller_1]

It got the better of me this morning when price rejected that area on the first attempt. I ended up entering sure on a small micro pattern on the one-minute charts but unfortunately was a bit early and got stopped out before a nice drop. I had a tight stop, because of what I said earlier about not being sure if this was going to be the high point.

I was a bit early on the second trade mainly because I had to leave the office and there was some consolidation around this area. I definitely didn't Miss much action not being at the screens later today, just chop sideways. My stop for this short is a few ticks above the high of the day, but price might push-up into the blue area above I think I will let it play out to see what happens.

 

[peter2]

Be aware that you'll see lots of chop and slop as the volume declines into the holidays.

 

[Roller_1]

Thanks Peter.

I won't be trading much until after the NY so i'll hopefully miss most of it

 

[Roller_1]

Merry Christmas all,

I finished up for the year on Tuesday, I haven't even placed any orders for my short term systems. Having a short break until the New Year. Overall a bit of a tough year for my live trades, although my weekly system wasn't too bad. Short-term mean reversion systems were very choppy.

Thanks anyone that has read and commented so far. See you all in 2022!