The transition to Futures trading

[tech/a]

Just got home
Wow you've both been
Having fun. Havent even
Opened up yet ---- myself.

 

[pavilion103]

Just got home
Wow you've both been
Having fun. Havent even
Opened up yet ---- myself.

Silly silly trailing stop. Both had 6515 at BE within a bar and moved the stop up needlessly.

Costly but learning these things. Had so little to gain by moving my stop 3 points up and it cost me 40!!!

 

[CanOz]

We can already see that we are going to make many many thousands of dollars on the FTSE.

oh nooo

 

[pavilion103]

oh nooo

Not happy with that?

 

[Caveroute]

oh nooo

what could possibly go wrong ?

 

[tech/a]

Silly silly trailing stop. Both had 6515 at BE within a bar and moved the stop up needlessly.

Costly but learning these things. Had so little to gain by moving my stop 3 points up and it cost me 40!!!

Your trying to hop on momentum
If there is momentum and you get prematurely stopped you should be able to spot plenty of opportunities to jump on again
I haven't finished tea but I'll bet when I open a 3 min chart they will stick out like kahunas

 

[CanOz]

i just cringe a bit when i see a statement like that...sort of makes me feel like shorting it

Quiet confidence Pav...don't let you confidence cloud your judgement. Think in ticks and points...

- - - Updated - - -

Your trying to hop on momentum
If there is momentum and you get prematurely stopped you should be able to spot plenty of opportunities to jump on again
I haven't finished tea but I'll bet when I open a 3 min chart they will stick out like kahunas

We could pose here for a while...

 

[pavilion103]

I really don't care if you guys give me crap for my comments.

If I was some young punk with $5,000 having looked at shares for the first time today I'd agree with you.

Anyone who traded a sim for TWO YEARS before committing one cent to the market cannot possibly be accused of getting ahead of himself!

 

[pavilion103]

I do agree with quiet confidence though.

But sometimes it feels a bit like a football press conference. You hear all the cliches but every now and then you just want to hear some passion and that the coach wants the team to play finals and win!

 

[tech/a]

I do agree with quiet confidence though.

But sometimes it feels a bit like a football press conference. You hear all the cliches but every now and then you just want to hear some passion and that the coach wants the team to play finals and win!

Think your too hard on yourself.
There are always opportunities!
Anyway here are my musings in
hindsite.

 

[pavilion103]

Would have likely re-entered there but went to the gym for an hour!

I entered originally right near the lows. With a tight stop. Would have been good. But yes plenty of opportunities. Wish I was home for the re-entry.

 

[tech/a]

Somethings going to pop I've got a few each side of this (3 ticks each side)

Long 6568
or
Short 6555

 

[tech/a]

Now at B/E
Up to 72

2 done at 80 on the test.
Off to TV
24 ticks
Ok by me.
$404 in 20 min.

Night all

 

[kid hustlr]

lolol dont know why but kahunas made me laugh.

Pav you have every right to be confident in my opinion! Hard to fail with a duck in your corner!

Duckman I think it was 22 ticks? great trade. Really great exit pretty much caught the high on the test.

Like shelling peas.

Quick mental note to myself that an exit is just a reverse entry. sounds stupid but theres no point exiting because we are in the money or out of it, effectively in this case Tech saw that the highs were tested on weaker volume and were therefore failing, on another day he could probably find a place to go short. As i said, a reverse entry!

 

[pavilion103]

Got out as it pushed back up to the upthrust on low volume. 9 point profit.

Bought 5668 also. Sold 5677


Now I'm short 5670 stop 5680 (original)

- - - Updated - - -

Big volume has come in here. Not sure what that means. Is it going to collapse?

Stop 6574

 

[pavilion103]

Out. 2 point loss on that last one

 

[kid hustlr]

Had another look at the recent highs overnight, then crunched it back on huge volume into the close, probably some month end stuff in there.

Watching this closely around the 6615 level if it gets up there again.

 

[Boggo]

Watching this closely around the 6615 level if it gets up there again.

I tend to use these patterns on Forex but just had a look at this on the 30 min chart.
Perhaps caution around the 6627 level if it does pass 6615.

Now back to my Forex

 

[pavilion103]

Short 6599 stop BE

Big bearish triangle near a solid resistance.

I hope it goes tonight!

 

[pavilion103]

Was about to go to bed but now in another one. After that huge shake-out bar price has consolidated. I'm in near the lows. Let's see if it goes anywhere. Has tested this low multiple times now on some very low volume.