The transition to Futures trading

[pavilion103]

Hmm not so sure.
I'll look and see if there is a gap fill. Well I won't be on, but we'll see how it goes.

I'd want a short if there was a good setup

 

[CanOz]

Holy crap the DAX is off 2% before the cash open...

 

[CanOz]

Well they've covered some shorts now....

Just heard the Russian Micex was down 10%....they also raised their key rate to 7% to stop the Ruble bleeding.

 

[pavilion103]

Took a trade while in class.
Hahaha yeh baby

 

[pavilion103]

had it on my phone. Only 5 min chart.

6.5 point risk.

Lucky I had the chance to take it.

 

[pavilion103]

This could well smash lower.
But I've taken 47 points profit. Out 6665
If I had a 2nd contract I'd leave it.

Would have taken 2 like I said I would in previous posts.
But being in class and only having the one chart to go by in a rushed manner, didn't wanna risk 13 points

 

[pavilion103]

2nd short
6666, stop 6669.5
Small risk.
Hoping for a break lower.

 

[pavilion103]

hmmm.... to leave overnight or not.

15 or so points up on this second trade.

I DO NOT want to break my rules by selling here.
I want to go to bed though haha.

I will not exit

 

[pavilion103]

No one online. As usual stuck talking to myself

Ah well!

 

[cynic]

pav,
Well done, given that you weren't even able to give this night the level of attention it truly needed!

P.S. Did you mean to say "closing" when you said "selling"?
(I thought the trade you were talking about was a short.)

 

[pavilion103]

pav,
Well done, given that you weren't even able to give this night the level of attention it truly needed!

P.S. Did you mean to say "closing" when you said "selling"?
(I thought the trade you were talking about was a short.)

Yeh sorry. Bought back the short.

 

[ftw129]

No one online. As usual stuck talking to myself

Ah well!

Pav you're not by yourself at all it's just a lot of us don't trade this way so have nothing to contribute.

If there's anything I can offer it's that I feel a lot better about the trades that were losers but were traded exactly to my trading plan compared to the winners that I fluked when I bent the rules. Remaining consistent and repeating what works time and time again is where the progress is made.

I enjoy following your thread.

 

[pavilion103]

I would have certainly preferred to have had a few charts up (3 min, 5 min, 10 min)

Clearest signal was on the 3 min. Very clear one.

It was still good enough on the 5 minute to take.

I know my setups reasonably well now so it's not like I need to spend so much time and effort identifying them.

I wouldn't have wanted to take much more than the 6.5 point risk though while on my iPhone like that, while not fully focused on the activity.

Only annoying thing is I would have taken 2 contracts if at home (part of my plan as of this week for those low risk setups).

 

[cynic]

Yeh sorry. Bought back the short.

No problems. I did think that was what you meant.

(See! You weren't just talking to yourself!)

 

[pavilion103]

Stuff it.

Closed out of the second.

I'm too tired.


No regrets now.


Would take a long if it wasn't so damn late (not that the long will definitely play out!).

What a nice down move tonight!



Thanks for talking Cynic haha.
I needed someone.

 

[pavilion103]

I'll try and post my chart tomorrow of why I think the long.

 

[pavilion103]

Would have been long 6652, stop 6643
9 point risk.

Worth taking when having made over 50 points I reckon. Next time.

 

[Newt]

If you've made 50, why push your luck Pav. Great trades.

 

[CanOz]

Would have been long 6652, stop 6643
9 point risk.

Worth taking when having made over 50 points I reckon. Next time.

Nice call...

As good as it got for me on the Z today though.

 

[pavilion103]

Nice call...

As good as it got for me on the Z today though.

Can't always cash in :

We had a different bias on open.


And yeh. That other trade would have been good.
I thought price looked like it was trying to trick some shorts near that low.
It's just the damn marekt hours which are annoying.
Would have loved to have stayed up for that one.
Probably would have had a target around 6690-6700, which is where it hit.
If not would have woken up 30 points to the good.

Seems crazy, the chance to make another $600-700 within a couple of hours, but I had to go to bed early to get up and go to a job the next day where I'll earn around $300 for 8 hours....
haha I won't go into that discussion guys........