The transition to Futures trading

[pavilion103]

Not to be. Out at BE

 

[>Apocalypto<]

stong move down on the DAX to start the day.

 

[>Apocalypto<]

very unforgiving start on the DAX... really nasty.

 

[>Apocalypto<]

DAX in a very thin spaced out mood so far today :grenade:

 

[pavilion103]

Down 20 tonight.

Finding it hard to read the last 2 nights.

Annoying that the SPI just took me out and is back up 20 points too. If the US moves up overnight it will hurt

 

[ThingyMajiggy]

Currently sitting on a long from 9074 on the Dax, wouldn't be surprised to see a push higher after yesterday's turn around, will wait and see, sitting on hands at the moment

 

[fiftyeight]

Thanks for the detailed reply Barney, I have learnt a lot since I started playing with real money but a long way to go. Long way. I am starting to have enough lets call them ideas, that I need to learn how to test them.

I guess one of the ideas I am still thinking a lot about, is trading with a trend, and as you have pointed out when there is a pattern of resistance. Maybe be best to sit on the side lines and wait to see what plays out.

 

[fiftyeight]

Annoying that the SPI just took me out and is back up 20 points too. If the US moves up overnight it will hurt

I thought that might of just taken you out....

I have been watching the SPI after close and I find it a bit easier to read than during the open, do people trade after close? Would you ever re-enter after close?

 

[ThingyMajiggy]

Currently sitting on a long from 9074 on the Dax, wouldn't be surprised to see a push higher after yesterday's turn around, will wait and see, sitting on hands at the moment

Nope, what would you know you idiot Back to square one. Next dart at the dartboard until I figure out what I'm supposed to be doing.

 

[>Apocalypto<]

Nope, what would you know you idiot Back to square one. Next dart at the dartboard until I figure out what I'm supposed to be doing.

Sam you got out at BE or a small profit on that one?

Swung very quickly.

I've only had two trades today.. peanut profits... didn't like the look of it on the first 40min so called it a day. will wait up for the DOW hour of power.

 

[fiftyeight]

This DAX thing you talk about sounds interesting, may require investigation

 

[pavilion103]

I feel sick.

The only bloody day that I have a long bias....

Any other day would have had 2 shorts near the high of the initial triangle and probably made 250 points with one lifted early.

 

[fiftyeight]

I was thinking last night PAV must be killing, looked like your kind of setup.

 

[John Swift]

I seem to recall something somebody said about big gap days and the high probability rebound over a 3-day horizon... Anybody know what I'm talking about?

I actually can't remember who said what exactly, but it seemed pretty interesting at the time.

 

[pavilion103]

FTSE out of hours action this morning = ridiculous

 

[fiftyeight]

What a roller coaster of a morning. Absolutely terrible. Was short on the SPI at 5249 last night and am now back BE.

Broke just about every rule I set for my self

No point working on entries and exits if I blow up like that.

 

[skyQuake]

FTSE out of hours action this morning = ridiculous

Looks like some people had stop market instead of stop limits

Surprising the amount of volume that actually traded down there!

 

[>Apocalypto<]

FTSE out of hours action this morning = ridiculous

do you think that sell down was a fat finger? 63 points in 5 min

 

[pavilion103]

Absolute textbook bread and butter tonight.

2 x short around 6370.

I was out tonight would have exited one at 6310 for 60. Had to settle for 6330 on the way back up.

Trade 1 = 40 points profit
Trade 2 = running (currently 40 points open profit).

Could not have been clearer tonight.

 

[pavilion103]

US will determine everything from here.

Another powerful smash down and I'm laughing. With current volatility could easily be a big push up and I'm out at BE.

Either way a good night