The transition to Futures trading

[pavilion103]

A couple of charts from this week. I hope they are useful. I don't have time to post any more analysis today.






I'll try to post up a couple each week.

My main aim each day is to get on a trade either
1) on open
2) at the day's high/low
and ride a decent move with 2 contracts.

 

[pavilion103]

2 long @ 75 on FTSE

 

[tech/a]

DAX

Broken out now of the triangle
Low volume indicated no demand.
Coming down to test the gap.



Had sell stop at 9681

Covered at 53



Looks like Gap tested.

NOW

Long 55
Stop 45

That low bar had a heap of volume supporting it
The one's previous lots of supply.
Expecting a test o the low.

Just worked out the triangle target and it was 51
So the pattern played out.
Didnt have time to work it out---took a guess when Covering.

 

[tech/a]

No conviction this move
Sitting at B/E

Took 63

 

[pavilion103]

FTSE 19.5 long
Stop 15

Not overly confident but worth the low risk IMO

 

[cynic]

I went short a little while ago at 6721.

That FTSEing FTSE! FTSEing with my grail again!

FTSE it, FTSE it FTSE IT!!!

 

[pavilion103]

I figured a move up from this base could be a good spot for a 2-3 day hold if it breaks through the highs if the base.

Annoying my 2 longs at 75 got take out yesterday. Contextually the analysis seems good.

 

[cynic]

No conviction this move
Sitting at B/E

Took 63

Yikes!!! I'm still net long on the DAX! Looks like the Duck's just plucked my goose again!

 

[fiftyeight]

TH mentioned a good way to gain experience is to record the markets and then replay at a later time.

Has anyone done this? And where did they get the data?

 

[havaiana]

TH mentioned a good way to gain experience is to record the markets and then replay at a later time.

Has anyone done this? And where did they get the data?

You can just record sessions with ninja trader and trade them later with the replay function. Also lets you play the market faster so if you put it at say 4x speed you can get 4 days of trading experience in one normal session time.

 

[payday]

TH mentioned a good way to gain experience is to record the markets and then replay at a later time.

Has anyone done this? And where did they get the data?

Yup - I do this all the time - part of my "getting trading fit" routine. I used to do this to try to nail down a strategy that I was comfortable with. I try to make it as realistic as possible recording all my "trades" in the excel spreadsheet that I use for my normal trading. Just about all the decent charting software does this. I started with esignal many years ago, then Ninjatrader and also with Amibroker. You can go back in time as far as your data provider goes. Fantastic way to test out any ideas.

 

[tech/a]

Yikes!!! I'm still net long on the DAX! Looks like the Duck's just plucked my goose again!

Great night for the Cynic.
Not un happy with my lot.

 

[pavilion103]

Sold last night's 2 this morning. Wish I hadn't!

Now long 6741 with stop at BE.

Only took one because of the big risk (8 points). Taken 3rd bar after open on 3 min chart.

 

[pavilion103]

Just added a second @55

 

[cynic]

Great night for the Cynic.

This time around with my goose on the DAX-yes!

However, my grail struggled with the FTSE.

 

[pavilion103]

Held too long last night

Tonight short 6748 in 3rd minute of open.
Only the 1 contract in that spot!

No idea on daily direction!

 

[pavilion103]

Out 6731 and reversed long x 1 contract.
Not confident enough of direction to take 2.

I don't think the plan will be sit and hold blindly tonight. Unless this trends up strongly.

 

[pavilion103]

Huge relative volume in first 30 mins.
2 big bars on the push down about 2K and 2.5K of volume.


Will enter a "hedge" trade (short) at these levels.

Edit: triggered

 

[pavilion103]

If I'd held 2 shorts originally I'd probably have one at break even and maybe move to 40 now if this pivot high got taken out.

 

[pavilion103]

Hedge trade taken out.
Probably could have moved the stop by a couple of points there, but I haven't fully developed this technique. Certainly don't want to lose full points all the time.

Trade 1 = 16 point win
Trade 2 = 7 point loss
Trade 3 = 18 point win* (open profit)

Total = 27 points up in real time.