CanOz
Home runs feel good, but base hits pay bills!
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Oh, there is also the Monday gap twist to this play today too....Maybe GB can code and test a new year gap strategy as well!
The ASF Futures Playbook - A collection of plays to develop on your own
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Another nice early setup on the Bund.
Breakout higher at the open. I didn't catch it so I wait for a reversal signal. Reversal signal (short) on the 17:40 bar.
Manage the trade with a trailing stop until another signal to reverse (long). The 17:50 bar has stopping volume on the 2-minute but not obvious on the 1-minute. Next bar (17:52) has a strong reveral bar on the 1-minute and stopping volume on the 2-minute. Flipped at 163.36 for 15 ticks.
edit: flipped the 163.36 long at 163.39 (a bit of slippage, teach me for posting and trading at the same time
) Now short from 163.39 with a breakeven stop.
(I've previously posted "thumbnail" images but curious to see how the "full image" looks.)
Breakout higher at the open. I didn't catch it so I wait for a reversal signal. Reversal signal (short) on the 17:40 bar.
Manage the trade with a trailing stop until another signal to reverse (long). The 17:50 bar has stopping volume on the 2-minute but not obvious on the 1-minute. Next bar (17:52) has a strong reveral bar on the 1-minute and stopping volume on the 2-minute. Flipped at 163.36 for 15 ticks.
edit: flipped the 163.36 long at 163.39 (a bit of slippage, teach me for posting and trading at the same time
) Now short from 163.39 with a breakeven stop. (I've previously posted "thumbnail" images but curious to see how the "full image" looks.)
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Full image looks better to me than the thumbnail. Will use that from now on
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I'll post another chart if I get time. The short trade from 163.39 I've flipped a couple at 163.29 and another couple at 163.30 so currently long.
I'm still on learner's plates with the Bund so only trading 4 contracts at the moment while I get a feel for it.
Don't want to turn this into a follow my trade type of thread so will try and stick to the theme of the thread and post a chart of the setup when time allows.
I'm still on learner's plates with the Bund so only trading 4 contracts at the moment while I get a feel for it.
Don't want to turn this into a follow my trade type of thread so will try and stick to the theme of the thread and post a chart of the setup when time allows.
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Ok, it's moved my way, I can post a chart to make it easier to follow the setups. Should be self-explanatory but more than happy to answer any questions.
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Captain I have a bunch of questions but you should start ur own thread and I'll ask them there. Maybe tonight's posts can be moved to there as a kick start?
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Sounds like a good idea, I'm not quite ready but I've started one in the members area here:
https://www.aussiestockforums.com/threads/captain-blacks-day-trading-futures-thread.32793/
If Joe is reading this would you like to move today's posts here over to the new thread. Thanks.
Happy to take any questions over there
CanOz
Home runs feel good, but base hits pay bills!
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The bund is setting up for one of my favorite context plays, a short covering rally....will try and post some more on this in the arvo....
CanOz
Home runs feel good, but base hits pay bills!
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This is currently building value where we see the volume distributing. These profile builds trap participants. We keep an eye for the levels where the shorts will start to bail out....there are two ways to trade this, one would be the use of the play as a trend direction and enter on pull backs, or start to build a position as we move lower....
tech/a
No Ordinary Duck
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Here is a group of Charts showing (1) Short trade after a re test of a blow off top. Then charts with comments as I watch for an exit. (2) The final setup for the exit which shows a classic reversal.
About 60 ticks in the trade. I like to try and do these in real time (at the time) as they mean more than hind site notations. (Well I think any way.)
This is a short trade I note in my rush I used the word Buy 10035 Meaning short!
About 60 ticks in the trade. I like to try and do these in real time (at the time) as they mean more than hind site notations. (Well I think any way.)
This is a short trade I note in my rush I used the word Buy 10035 Meaning short!
tech/a
No Ordinary Duck
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This next suite of Charts shows graphically the importance of support and resistance zones.
I notice others are also a little fuzzy with their lineage of the zone as I am.
I have more examples if anyone finds there is an interest.(Various other plays)
I notice others are also a little fuzzy with their lineage of the zone as I am.
I have more examples if anyone finds there is an interest.(Various other plays)
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Always interested in anything you post tech
I have my setups coded into Amibroker and they don't include support and resistance zones at the moment. With your and Pav's futures threads from a few years ago and more recently Modest's S&R levels and CanOz's Market Profile it's something I've got on the top of my list to be coded this year and incorporated into my setups.
tech/a
No Ordinary Duck
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I hope this chart introduces something new to some of you.
I've found it very powerful in my index trading and something I search for on each chart
longer timeframes best 3 min to 9 min max.
I also refer to these bars as volume support or resistance bars.
Notice that although there was a full move of about 250 ticks that the 3 very high volume bars
at the open of trade encompassed the whole sessions trading! As it panned out the spike high of 10130 ish took a while to be broken.
I've found it very powerful in my index trading and something I search for on each chart
longer timeframes best 3 min to 9 min max.
I also refer to these bars as volume support or resistance bars.
Notice that although there was a full move of about 250 ticks that the 3 very high volume bars
at the open of trade encompassed the whole sessions trading! As it panned out the spike high of 10130 ish took a while to be broken.
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Yeah, like it. I also like the pattern before the 1st control zone. Strong selling up until 02:00 then a consolidation pattern between 02:00 and 04:00. The last few narrow range bars leading out of the consolidation before the edge of control zone 1 (I call it a "perch" in my code) gives a clue to the direction price will breakout and also gives an area where you can (a) place a tight stop and (b) know very quickly if the trade is not moving in your direction.
Those last few bars I call the "perch" leading out of consolidation are usually low volume bars too. Sellers are exhausted because with each test to push price lower they've failed. Buyers are waiting for sellers to push lower again but sellers have given up. Hence the low volume and narrow range. Next bar is the breakout from the consolidation and then we get the final test to push lower after the breakout which fails again and off it goes with a large range bar (the first high volume bar in the control zone).
Like blow-off tops and stopping volume these patterns are fairly easy to code and backtest.
Those last few bars I call the "perch" leading out of consolidation are usually low volume bars too. Sellers are exhausted because with each test to push price lower they've failed. Buyers are waiting for sellers to push lower again but sellers have given up. Hence the low volume and narrow range. Next bar is the breakout from the consolidation and then we get the final test to push lower after the breakout which fails again and off it goes with a large range bar (the first high volume bar in the control zone).
Like blow-off tops and stopping volume these patterns are fairly easy to code and backtest.
Trembling Hand
Can be found on the bid
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Tech a tick is the minimum move of a futs contract. So for the DAX its a 1/2 point. That was a 500 tick move OR 250 points.
tech/a
No Ordinary Duck
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Stand corrected.
25 Euro being min a contract I've never noticed.
25 Euro being min a contract I've never noticed.
CanOz
Home runs feel good, but base hits pay bills!
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Incomplete profile play on the Bund setting up.....
this is a CT play at the moment, look for longs at 163.64
this is a CT play at the moment, look for longs at 163.64
CanOz
Home runs feel good, but base hits pay bills!
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CanOz
Home runs feel good, but base hits pay bills!
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Canoz just wondering how you market/ volume profile guys deal with the huge volume on futures rollovers , trying to explore this tool and wondering if it useful at all around contract rollovers , Keen to hear views of the experts ... thank you
PS id love to share some futures plays and will add a couple in time , but at times the best plays i have are an edge and edges lose sharpness as they become
FWIW i think a thread like this is a prime candidate for a the ASF only private forum . Encourages membership to access the great content , good for Joe Blow
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