The transition to Futures trading

[Trembling Hand]

Drink some coffee dude. You still had 6 hours sleep

Yeah man harden up . 6 hours sleep, 68ks on the bike (400Ks in the last 3 days), 50 contracts rolled over in the first 40 min and 4 coffes down. Just another morning. :silly::cup:

 

[pavilion103]

Haha boys!

I am self proclaimed soft haha.

 

[pavilion103]

What are people's thoughts on some of these markets.

The past few days I've thought that the FTSE is looking heavy.

Anyone expecting a big fall in the next few days?

I will continue to look for shorts when I am on.

 

[CanOz]

What are people's thoughts on some of these markets.

The past few days I've thought that the FTSE is looking heavy.

Anyone expecting a big fall in the next few days?

I will continue to look for shorts when I am on.

We've got a couple of access lows on the FTSE, with 6643-50 being a bit of a line in the sand.

The DAX is fared worse though and it looks like it might have further to go if the bottom of the bracket is the target, 9000.

The US Dollar has broken down from a consolidation and the Euro has broken out of a concolidation. The US markets haven't rolled over and last night closed off the lows. Every push lower in Europe is muted by the US strength, it seems.

So, either way could provide some action, but the key will be what happens when the markets sell off versus when they rally, how intense is the liquidation or covering? Trade what you see and not what you think...

 

[CanOz]

There is some news out of the UK today and some minor EU news....

 

[Trembling Hand]

What are people's thoughts on some of these markets.

The past few days I've thought that the FTSE is looking heavy.

Anyone expecting a big fall in the next few days?

I will continue to look for shorts when I am on.

You seem to be stuck in a cycle of wanting to swing for the fences..... and mostly short.

 

[pavilion103]

It looks bearish to me.
I've also looked at longs at the right times.

I think I'm doing well.
Unlearning and making a stack too.
Would love to ask some questions in PM. Have been meaning to.

I managed to take a short before I left tonight.
Wide stop.
Now to 6 point risk.
It's a break in my class.

I hope it keeps going.

 

[pavilion103]

1 trade
21 points

 

[CanOz]

Hmmm, i think i smell fear, and its likely coming from someones shorts!!

 

[pavilion103]

Home early.
Trade 2 - 1 point profit. Exited my short. Near support now.

Potential trade 3 - pending order on long 6645.5, stop 6640.5


Edit: taken.
Had this post here and forgot to post!

 

[pavilion103]

Hmmm, i think i smell fear, and its likely coming from someones shorts!!

I'm long.

 

[CanOz]

I'm long.

I'm long at 45 with two off already and looking to take no. three at the VWAP, 6660....if it continues. Then i'll leave a runner and see if we can get a decent short covering rally going or it fizzles out....

 

[pavilion103]

I'm long at 45 with two off already and looking to take no. three at the VWAP, 6660....if it continues. Then i'll leave a runner and see if we can get a decent short covering rally going or it fizzles out....

Good work.
I considered a second here.
Didn't take it.

 

[pavilion103]

Stop to BE @ 45.
Want to go to bed soon.

Up 11 points on this trade.
21 on trades 1+2

I wouldn't be surprised if you guys thought I was BSing you with my results lately.
It's been a ridiculous run.
Everything is just coming off for me.

 

[CanOz]

Third one off at 59.5...just the runner left now....stop at 50...

 

[pavilion103]

Crucify my forum members but my stop is BE, and I might let it run.

Support around 40-50 area has been touched 3 times.

Not much to lose and want to go to bed.

 

[CanOz]

Crucify my forum members but my stop is BE, and I might let it run.

Support around 40-50 area has been touched 3 times.

Not much to lose and want to go to bed.

I'm awaiting a pullback to 53 half to raise my trail.....if that fails we could test 45 again.

edit: I'm out and even for the night pretty much....

 

[pavilion103]

Going to bed now.

Decided to exit at 65 for another 20 points profit.

I think the upside potential isn't worth risking the 20 points for.

The daily chart still looks weak to me.
Last two down days on higher volume.

We'll see what I wake up to!

Feel satisfied with 41 points for tonight.

 

[pavilion103]

If it was in a bull trend I would have almost definitely held over nights.

Wish I'd taken 2 contracts again but I can't complain too much

 

[pavilion103]

As expected tested the 90 area.

I reckon a decent short tonight. Chart is looking a little sick IMO.

Hope it doesn't get smashed pre open