The transition to Futures trading

[Jasonm2310]

Is anyone on the 6J move. Momentum is flowing!!

 

[barney]

Is anyone on the 6J move. Momentum is flowing!!

Thanks for the heads up ..... I stole a few pips off the GBP/JPY after I read your post

 

[fiftyeight]

On holidays at the moment so have been mostly absent, but I have caught up on some reading. Obviously I have not been watching markets long but the few ideas I have been thinking about have been fully (and much better than ill ever be able to do) investigated and tested I did expect this but not to find it so quickly

This edge thing people talk about appears to be mirage. The more I learn the further it moves away

 

[pavilion103]

Isn't an edge just something raft gives you positive expectancy?

 

[tech/a]

When you see opportunity when others don't AND you take advantage of it
You HAVE AN EDGE.

Happens in all areas of life from trading to property to business to finding a partner-----endless

 

[minwa]

When you see opportunity when others don't AND you take advantage of it
You HAVE AN EDGE.

Happens in all areas of life from trading to property to business to finding a partner-----endless

How would you define "others" in trading ? Simply the other 51% or more of participants ?

 

[tech/a]

How would you define "others" in trading ? Simply the other 51% or more of participants ?

Those who don't see the opportunity you see.
It maybe a pattern
A volume and Pattern combination.
It maybe a news item you saw.
Others could be Every participant or a couple.
You may want as many "others" to see what you see.
Even if in a slightly different way. Taking advantage of momentum.
Bull markets do that.
So do GFC's

 

[Jens]

Futures, stocks or forex, I keep seeing this "pattern in all time frames. It's worth waiting for and the break is usually
clean !
Any of you use it ? The target is usual more than the equal but drop one contract at the equal and let the other run. Low risk at the retest with stop above cheers

Yes, it does happen a lot. But, there are also a lot of false breaks. By the time the breakout is clearly confirmed, I find it is too late to get in....according to my analysis.

 

[Jasonm2310]

JENS - Why not jump on as it's approaching a level to test or break?

 

[pavilion103]

Short 6522 from last night.
Hoping it comes off a bit here.

 

[tech/a]

Facial recognition.

 

[pavilion103]

Yes. I got out when it started to push-up.
It had to take off immediately for me to hold.

Nice chart.

 

[tech/a]

First time trading DAX in a week.
Got this one --- now waiting.
Missed the immediate lower high
For short.
Taking T/Hs advice and looking for better entries
before breakouts for less risk.
This pattern changing to a Bearish triangle.
Not tight and a bit messy.




These strong reversals are my favorite pattern at
Clear S or R.

 

[ThingyMajiggy]

Facial recognition.


View attachment 60132

what face do you see?

EDIT: Oops, you just beat me to it nevermind

 

[tech/a]

what face do you see?

EDIT: Oops, you just beat me to it nevermind

Still Waiting.
I like patterns to develop quickly and get going in a direction quickly.
Iv found waiting for something to happen and attempting to pre empt
is not profitable.
better to leave it. Thats where I am now with the DAX tonight so time
to leave.

Another face!

 

[pavilion103]

Short x 3 FTSE.

Holding one on SPI from yesterday still.

Fingers crossed.

 

[pavilion103]

Bloody missed out on DAX. Went to submit order at 9290. Not enough money left in my account. Dammit!!!!

I think this could be a big point on the daily so loading up a bit. Need to manage risk still and just put myself in the position to benefit if it does come off.

 

[CanOz]

Still Waiting.
I like patterns to develop quickly and get going in a direction quickly.
Iv found waiting for something to happen and attempting to pre empt
is not profitable.
better to leave it. Thats where I am now with the DAX tonight so time
to leave.

Another face!

If 9220 goes the gap might get filled...

 

[tech/a]

Missed it
Watching TV

Hope you guys do well.
Great move!

 

[pavilion103]

Missed it Watching TV Hope you guys do well. Great move!

That chart you posted gave me confidence to hit it hard. Nice post. Support and resistance so clearly outlined on that chart. Both DAX and FTSE looked like great opportunities.

If this goes below 6430-40 here it could be good.