The transition to Futures trading

[Twiddle]

Anyone catch the breakout to the upside at the opening?

Textbook entry from my perspective, and would have taken 0 heat. Pity I wasn't home and trading.

 

[kid hustlr]

'Holds breath in hope'

 

[boofis]

'Holds breath in hope'

View attachment 53552

what platform are you using Kid? Only reason I ask is that's a ****in ugly looking chart haha

 

[kid hustlr]

what platform are you using Kid? Only reason I ask is that's a ****in ugly looking chart haha

lol CQG.

come on Skype some time

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'Holds breath in hope'

View attachment 53552

Stop to B/E now, think there is a good chance this low gets tested again and I get taken out at B/E (I remember tech tacking a similar trade a few weeks back and it got tested)

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Stopped

 

[Lone Wolf]

'Holds breath in hope'

Pav seems to be a big fan of waiting for the retest. You're still willing to give the first reversal a crack?

It looked better on a 1min chart, I'd have probably taken it if I didn't go out to get food. Coulda, shoulda....

 

[kid hustlr]

Pav seems to be a big fan of waiting for the retest. You're still willing to give the first reversal a crack?

It looked better on a 1min chart, I'd have probably taken it if I didn't go out to get food. Coulda, shoulda....

I think each trade is different, to me that was a pretty good set up and one I'd take again, but there are other times when I've taken a trade and definitely shouldn't have

 

[pavilion103]

Break of the low volume channel on the 3 min presented a good opportunity.

 

[kid hustlr]

FTSE was shaping up as a pretty big sell but I just couldn't find an entry. Jumped off a cliff now.

 

[Trembling Hand]

FTSE was shaping up as a pretty big sell but I just couldn't find an entry. Jumped off a cliff now.

Maybe blow off volume on the 1 or 3 min chart. Thats probably it.

 

[pavilion103]

Good trade tonight.

The last 2-3 weeks on 30 min chart looked bearish.
Low risk entry on break of channel which re-tested the day's highs on low volume.
Exited as I trailed my stop tighter. Big reversal bar on 5 min chart.

 

[pavilion103]

A good night to trade the FTSE I reckon. Price action looked quite obvious. After that initial fall, a bit of a bounce and then topping over presented a number of low risk entries.

I'm starting to like the really obvious reversals on huge volume too. They seem to be a high percentage play.

 

[kid hustlr]

Tech/Pav

would love your views on the chart below.

this is once again a similar pattern that I have posted before where I booms up, then retraces a little.

I'm just a little confused as to whether this provides a long entry opportunity or not.

chart below with my thoughts. Do you think this chart has upside break out potential?

 

[pavilion103]

I don't know much about this market and I don't have any of the background info.

Doesn't look like a long to me.

Retracement is rather deep. That circled bar looks like a no demand do me (not sure Tech's views). It's pushed up on no volume and then come back down.
Then it falls on heavy volume the following bar. Could possibly be some support here.

Not one I'd take. I'd prefer a narrower, shallower channel and I don't like the last two bars.

 

[pavilion103]

Another today

6542 short, stop 6547

Currently 6525 with stop 6532

 

[CanOz]

Another today

6542 short, stop 6547

Currently 6525 with stop 6532

The DAX reversed almost to the tick off the open from Friday.

 

[tech/a]

Long

 

[pavilion103]

Trade closed.

 

[pavilion103]

Nice one Tech.

Low risk setup. Can't ask much more.

I considered exiting on the lows, but just ended up trailing the stop tight. Maybe too much of a short bias.

 

[tech/a]

No I think you played it OK.

Ive set my B/E
Sell stop 6548 Up
to watch some of the box with the cheez.
Have a huge 2 on this one!

 

[CanOz]

Wow Tech, thats almost like a fade....