The transition to Futures trading

[CanOz]

SuperTrend caught both those moves, i mean the MEAT of the move so far...Too bad it sucs in the chop hey!

 

[pavilion103]

My friends hate it when I'm on the phone checking my trades. I had someone over last week and had the laptop open in the background. That was the night I made 150 ticks so I was making any excuse to check

 

[pavilion103]

Just got home.

Having a think about my time in futures since having started this thread.

With EOFY upon us, I will be starting my new excel sheet for stocks and futures will be added now.

I will be keeping very thorough stats of each night's trading (won't be trading every night).


I'm actually really glad that the market topped out as it did and got me thinking about futures. It wasn't really on my radar when I was trading the portfolio with Tech and making some good returns. This opens a whole new world of trading to me.

It is an incredible eye opener. For someone with a small account, making a couple of thousand in a night isn't something minor. I'm super excited about the opportunities ahead in futures. I can see realistic opportunities to make large amounts of money with a lowish risk strategy. I'm not sure if I should chronicle my results on here or not. But it will be interesting to see how it progresses when compared to my first post in here, having no idea about futures at all.

 

[CanOz]

I think you and Tech are doing a great job of showing the potential that trading futures has. I think also that you doing well because you are patient and waiting for the trades to come to you, you're not sitting in front of the screen all day.

There's some good potential there in part time trading, some nice income on the side whilst the EOD stuff is a bit tougher.

Well done Pav, I admire your patience.

CanOz

 

[tech/a]

I'm actually really glad that the market topped out as it did and got me thinking about futures. It wasn't really on my radar when I was trading the portfolio with Tech and making some good returns. This opens a whole new world of trading to me.

It is an incredible eye opener. For someone with a small account, making a couple of thousand in a night isn't something minor. I'm super excited about the opportunities ahead in futures. I can see realistic opportunities to make large amounts of money with a lowish risk strategy. I'm not sure if I should chronicle my results on here or not. But it will be interesting to see how it progresses when compared to my first post in here, having no idea about futures at all.

Futures aren't the holy grail of trading opportunities.
They are subject to periods of flatness and very low volatility.

But you can trade many ways with far more flexibility.
You can adapt to condition and be in touch with markets on a more intimate level.
Long/Short/position/short term/very short term/robotic/systematic

 

[kid hustlr]

Three hits into support with divergence.

Thats a futs Bread and butter trade. Size up and hang on.

I see the three hits into support, but you could explain the divergence?

- - - Updated - - -

Just running over the charts for possible set ups this morning. Interested to hear opinions on my thoughts in the posted chart. Once again aussie 10 years.

 

[pavilion103]

Futures aren't the holy grail of trading opportunities.
They are subject to periods of flatness and very low volatility.

But you can trade many ways with far more flexibility.
You can adapt to condition and be in touch with markets on a more intimate level.
Long/Short/position/short term/very short term/robotic/systematic

Agreed.

It won't be my main method of making money from the markets but I am confident that with more hard work and study there are big opportunities there.


I can see how someone with no understanding of high probability setups and risk management would be eaten alive in the futures. It can be brutal.

 

[Trembling Hand]

I see the three hits into support, but you could explain the divergence?

Have a look at the three falls each one is getting shorter from peak to trough and each bounce back is getting back at least 50 % of the fall with the last one coming after a lot of consolidation and not getting any follow through on the fall. That is divergence - sellers running out of steam and any new ones at risk of getting pushed offside very easily.

This is how you play fades AND breakouts IMO (breakouts happen from failure at the other extreme).



Or i could just put an indicator on it,

 

[CanOz]

There is also a volume divergence there....

 

[kid hustlr]

There is also a volume divergence there....

Yeah I saw the volume divergence but TH's point is excellent and I appreciate him taking the time to post a pic. This is an excellent thread guys.

 

[Joules MM1]

the ability to spot a trend day before you get caught trying to fade the whole thing....

a prime lesson to learn....

 

[pavilion103]

Yep. No trending tonight so didn't bother.

 

[tech/a]

Yep. No trending tonight so didn't bother.

A bit just then!
Testing tonight's low

 

[pavilion103]

A bit just then!
Testing tonight's low

Nice and obvious little setup.

I got bored and turned it off before dinner

 

[CanOz]

Actually i'm feeling ok about the markets at the moment, slightly bullish....we seem to be accepting value where we are at the moment...perhaps we'll push a little higher yet after all.

These boring times still have a story to tell. Trade is paced, not rushed. Whatever is for sale, the price seems agreeable by both parties.



CanOz

 

[pavilion103]

Saw this JUST as I was turning off my phone and going to bed. Got on the wide spread bar. Stop to BE. Wasn't sure whether to take 15 ticks or let it run over night. Only trade of the night.



- - - Updated - - -

Hadn't realised on the hourly chart it's near a top. Probably would have just taken the 15 or 17 ticks. Ah well. Nothing lost.

 

[pavilion103]

And I'm out.

Silly oversight by me.

$250 in 5 mins would have been nice!

 

[mr. jeff]

Everything is about on the point of hitting major resistance
I'm hanging to get a huge short on but just can't see the case quite yet.
XAO not there yet, probably at 4870 in the morning with a big green candle up saying blow me out!
When every market is pushing up with this action shorts just don't look likely.
But when you don't take a trade, that is the one that goes - allegedly.
I have been sitting and waiting patiently.NEarly there.
Up markets are boring imo.

 

[kid hustlr]

And I'm out.

Silly oversight by me.

$250 in 5 mins would have been nice!

jeepers Pav looks like you were a little unlucky? Did you get stopped at break even? Looks like your stop was the low on the retrace?

Also sent you a PM btw.

 

[kid hustlr]

Tech/Pav:

Is this another example of generally what you are looking for? This is a 15 min SPI chart.

My thoughts on the chart