Australian (ASX) Stock Market Forum

The transition to Futures trading

33 points on FTSE.

Got on at the high. Low volume. US closed.

No stuffing around 33 points is 33 points. Lock it in Eddie.
Tomorrow I can look for a bigger move.

Could you calls some trades in realtime instead?
Would be cool to watch someone who can actually make money consistently in action!
 
Could you calls some trades in realtime instead?
Would be cool to watch someone who can actually make money consistently in action!

You haven't seen me posting charts in real time right at the start of my trades?

You haven't seen me post my entries before within a few minutes of entering?

You haven't seen me comment at price is setting up?

You haven't seen me identify important levels day after day which are the exact ones I end up trading off of and making good profits?

If you want I can give you my home address and you can come and sit at my desk and watch me :p:?
 
But in all seriousness it is cool to see live trading.

I'm on Skype with kidhustler most nights so he sees pretty much all my calls in real time.

Online chat is much easier for quick real time posting.

I guess when price is setting up I'm so intently watching the screen and requires attention. A few minutes after I've taken it, I can relax a little, do up a chart and post it.

I've tried a bigger online chat, but if people are trading with different methodologies it is confusing. We are all looking for different things.

I'll see if we can improve the experience of this thread further.


Also realise that the amounts of profit that I post are a summary or net position.
The charts that I post are either the good trades or bad mistakes.
All profit figures posted at net.
So with a 33 point win last night, that might include losing 5 on open, taking a 15 point trade, losing another 5 on another attempt and then getting a 23 point win. Etc....
So I'm not posting every trade or nailing every trade. But the wins are very small and the profits often large.

The ones I post are there for practical help of the people in this thread.
It identifes the context, the setup, the levels, the trailing stop.
This is the most beneficial way to post I think.

We'll see how I go!
 
Terrible trading tonight.

Down 28 if I get taken on my current trade.

Wanted to get a position trade on a false break.

Took stupid risks with no setups.

Last nights profit gone!
 
In this trade now stop now at B/E

Took a while to mark up.

Click to expand
DAX 3 min




DAX 72.jpg
 
Done


26 ticks X 25Euro X $1.40 + $910 in 18 min.

Click to expand


DAX 73.jpg

Now looking for a long setup.

BAAAAHH Too slow too busy typing!!!
Looking Short again.
 
DAX 1 Min Chart Common setup and it has played out.
Quicker than I can mark up.
But the picks are taken as it happens and Finished

DAX 74.jpg

So Trade was completed.

DAX 75.jpg

Not quick enough for another return trade!
Would have it at B/E now its at 75
Looks weak Buy 69--But missed.
That one stopped 2 ticks shy.No Damage.

Enough From me a good night and short--excellent.

Could you calls some trades in real time instead?
Would be cool to watch someone who can actually make money consistently in action!

Hope this helped a bit.

The most important trade was in my view the last one.
Quick trade no damage---very hard off a 1 min chart.
This is what traders need to do take care of RISK!

In out---win--lose---minimal risk--decisive.
 
Hey Tech/A I got a question. Can you show a losing trade when you have one please?

For me losers occur when I'm wrong right off the get go.

If I can get it to B/E then my risk is negated.
Have lots of B/E trades like the one tonight.

They play out as they play out.
You'll see it when I post up a trade and it fails.

There are a few on this thread I'm sure.

Why do you want to see a loser?
 
For me losers occur when I'm wrong right off the get go.
That trade you showed when price broke below the triangle. Your entry was at 10296 on the high of the next bar. Then the next bar (the one after your entry) went to or near 10300 so you were wrong for a bit there but obviously your stop loss is greater. The bar that went to 10300 appears to have hit the triangle support line.

What was your reasoning to exit at 10270? At possible support?
 
Yes stop was shown at 308

The pattern is a setup for a short term trade.
I don't set a B/E until the pattern is cleared
or in some cases the bar that triggered the trade.

A 3 min setup isn't going to last long. Tonight is
a swing traders paradise. Its gone dead now.

Your correct about the target and I select round
numbers because they usually get taken out.

FTSE and DAX
Open Dow open and Close
I get to trade open and very rarely close.
 
Will be long 10200 if taken
Will post chart when I can

----Done

Stop 193
Back soon.

DAX
 
Firstly this shows the setup on support best.

Ill show the 3 min time frame in a minute when I write it up.

CLICK TO EXPAND


DAX 77.jpg
 
Things happening faster than I can type
Just exited and will post that when I mark up.

Played out as expected with the second exit plan happening at
the 245 area.

Click to Expand

DAX 78.jpg
 
And this is why I closed.


DAX 80.jpg

That's it for tonight.
24 min trade time tonight.

At the screen about 40 min.
 
Uneventful for me. The whole week is at BE.

These conditions don't suit me. I need to be clearer on the trend for the following days/weeks. A good time for me to relax as I have this week.

DAX is more profitable with this shorter term stuff. FTSE not worth the risk IMO.

Will reassess following QE stuff.

With a $50,000 target and $10,000+ in 2 weeks I will prefer to strike when the iron is hot and enjoy other tbings when it isn't!
 
Hey Tech/A I got a question. Can you show a losing trade when you have one please?

This could be one Wysy
But I'm confident enough to at least place it.
Not happy with the initial risk but provided the volume stays as low as it is in this pattern (Chart 2) I'm happy--ish


DAX 86.jpg

Here is the emerging pattern

DAX 87.jpg
 
Top