The transition to Futures trading

[skyQuake]

Nice call gents. Here's to new lows!

 

[CanOz]

The Dax rejected 9212 in good fashion...thinking long.

 

[dlineinvestor]

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.

It's a trading setup no guarantee's "jasonnm2310 has the right idea
The main point is the target "
Nice trade "tech

 

[pavilion103]

Annoying it didn't keep moving!
I took 80 points and will look for reentries tonight if it looks weak.

 

[tech/a]

Just a follow up on last night looking forward a little







One of my favorite setups. Look for at support
or resistance test.

 

[tech/a]

Was true to form again last night

 

[CanOz]

The Dax rejected 9212 in good fashion...thinking long.

i guess it was the gap...

 

[CanOz]

booo yah....what a jobs report

 

[Wysiwyg]

booo yah....what a jobs report

Tell me CanOz do you think this market is mainly credit fueled and bound for a major sobering correction?

 

[CanOz]

Tell me CanOz do you think this market is mainly credit fueled and bound for a major sobering correction?

lol...Don't plan on speculating on that..just managing short term risk to reward...whenever i get the time to do that!

 

[pavilion103]

Charts look very interesting to me. Not sure if others see it the same.

SPI looks like a little false break possibly, which could be followed by a fall.

DAX looks weakish last few bars.

FTSE struggling up wit no real conviction. Looking to short this week.


DOW needs to pause/correct soon. This has been a sharp rise.


I'm not sure what will happen but this looks like the place for a high probability short.


What do others think?

 

[pavilion103]

Short SPI 5546 this morning.

 

[dlineinvestor]

Short SPI 5546 this morning.

I see it too (on charts)
SPI short on retest at 48
10:35
closed 21
13:55

 

[pavilion103]

I see it too (on charts) SPI short on retest at 48 10:35 closed 21 13:55

If I wasn't looking for a position trade then 21 would have been my exact exit too.

 

[pavilion103]

If I wasn't looking for a position trade then 21 would have been my exact exit too.

An interesting one. Still moving for now.

 

[pavilion103]

It doesn't seem like there is a whole lot of interest in here at the moment, but I'll post because I think this is a good place for a short on the daily.

2 contracts. 1 at each entry on the chart.

If this goes lower will be a tough one to manage.
Some support around 6560 (a little), then more significant at 6540.

Not sure if it's worth holding both overnight if it moves lower, or to take one off.

Will be interesting to see if this pushes down from here or not.

 

[pavilion103]

SPI trade shown from the daily chart.

At a crucial point here.

 

[pavilion103]

Out FTSE BE

 

[dlineinvestor]

Short SPI 5546 this morning.

Hi buddy, did you get stopped on this one ? b/e or partial profits ?
I see from your chart you re-entered SPI short "5525 ish ?"

+1 for re-entering short again, the markets have a tendancy to make you doubt what you initially thought was going to happen. "The ultimate mind game"

 

[pavilion103]

Hi buddy, did you get stopped on this one ? b/e or partial profits ? I see from your chart you re-entered SPI short "5525 ish ?" +1 for re-entering short again, the markets have a tendancy to make you doubt what you initially thought was going to happen. "The ultimate mind game"

BE on that one.

It is rounding under previous resistance.
Looks bearish to me.
Thought it is worth the risk of getting back on.

To me this looks good for a short. Have to hold my nerve now.

Usually takes a few attempts to get on a larger move.

Just trying to put myself in position if it does fall sharply. I think it's a high probability area.