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The transition to Futures trading

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May be a change in the prevailing wind developing.

Market has stopped going down.

IG Clients have stopped buying on the way down.

As always, my comments are for entertainment whilst I wait for the actual price action to declare what is evolving.

ps my second short of the day stopped out on a trailing stop for a very pleasing profit. Can now afford gravy on my steak tonight. Awaiting further market developments. Will feel bullish if market rises and IG clients sell into that.
 

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MichaelD said:
May be a change in the prevailing wind developing.

Market has stopped going down.

IG Clients have stopped buying on the way down.
Click to expand...

Its lunchtime in Hong Kong
 
Couple of attempts to push up but new lows being hit now...from 5500 down to a 5400 test in 3 days...not much volume and volatility amongst anything that I follow at the moment however...
 
FTSE gaps down.

Let's see if it fills the gap and comes off or of it pushes up to 6840ish.

Interesting open.
 
6815 short. Initial stop 622.5

Mainly based on the 2 min chart which I don't usually have open every day, but feeling that this is a decisive point I like to zoom in a little more on the smaller time-frame so that I can see if price looks weak in a shorter time frame.
 
>Apocalypto< said:
bought in double inside bar... but want to see a new high this hour.. ent 1295.92 SL 1293.49 TP 37 cents above
Click to expand...

GLD TP just hit with a BANG move... +35.81

>Apocalypto< said:
Long WTI close of the 4pm bar. ent 102.08
Click to expand...

WTI moved to 2 points over BE after it stalled at the high... my ent on that trade was crap got in 8 pts higher then the last close. WTI now finding selling at a high going to watch for a new ent long. +2 points

+37.81 pts so far today.
 
MichaelD said:
Will feel bullish if market rises and IG clients sell into that.
Click to expand...

Posting remotely whilst out and about (it's usually quiet for me from Aussie market close to US open).

All of a sudden IG Client sentiment has switched, with 72% selling the Aussie 200 in the last hour. Sorry, can't post a screen cap from where I am.

Will allow myself to feel bullish. Will go long later if a solid uptrend established. Will go short if downtrend resumes.

Now is a time for sitting and waiting to see what develops.
 
kid hustlr said:
whadya reckon pav has this broken through the 6800?
Click to expand...

Crucial from here. If 6790 doesn't hold I'm very bearish. Crucial level around here. 30 min chart looks dreadfully weak.

No idea why I didn't add at 6808 stop 6814.
Too busy worrying about my position trades.
Standard play.
As it pushed down in real time I thought 6790 exit as price consolidated. Would have made 28 points on the intra day trade (3rd contract).

Asleep at the wheel. But happy so far.
Great first trade executed aggressively.
 
This did happen Friday a night but then pushed back up so the short is far from safe today. In the medium term though I am very confident.
 
pavilion103 said:
This did happen Friday a night but then pushed back up so the short is far from safe today. In the medium term though I am very confident.
Click to expand...

broke through 6800 and is kind of just hovering for now im tryna work out which way equities are gonna go tonight im short bonds and i think ftse/equities heavy so i mdoing it wrong i think
 
kid hustlr said:
broke through 6800 and is kind of just hovering for now im tryna work out which way equities are gonna go tonight im short bonds and i think ftse/equities heavy so i mdoing it wrong i think
Click to expand...

If not trading a major top I'd have good profit banked tonight.

It's really all or thing for me.

Original contract I'm very confident. Second one, I'm just hoping this smashes down!!!

Closing the second one at 6872 the other night has caused me additional work.

If this holds I'll leave 2 and trade 1 intraday from now on.


This consolidation is long. Critical break either way now!
 
Would lift long around 6810-15 area.

If it stalls here and comes off its interesting.

Only able to check in breaks at class.

Still holding original 2.
 
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