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The technicals aren't going to mean too much when it hits 10.30pm though
The transition to Futures trading
- Thread starter pavilion103
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CanOz
Home runs feel good, but base hits pay bills!
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And I'm out for 15 points profit.
I was about to go to bed before. Checked the chart on my phone. Had to get in on that. Now time for bed.
I was about to go to bed before. Checked the chart on my phone. Had to get in on that. Now time for bed.
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hmmm.. big move over night.
My original thoughts on that last trade were hurry up and put it on before bed. Let it move a little and then stop to BE and let it run over night. Then either a possible decent move or BE. That shakeout in the background looked ominous.
That decision was worth 60 odd points. Not too worried about the potential lost profit but I'm starting to learn that trailing too tight and even taking profits too early can hurt. Kid and I missed out on 40 points earlier in the week too because of being a little hasty.
I thought it through, just didn't take the option this time. Not fussed. This is very exciting. I'm seeing what's there.
I won't be on tonight though. I need a break. I've spent a lot of time focusing on this the last week. Happy to take the winnings, re-charge over the weekend and come back on Monday!
My original thoughts on that last trade were hurry up and put it on before bed. Let it move a little and then stop to BE and let it run over night. Then either a possible decent move or BE. That shakeout in the background looked ominous.
That decision was worth 60 odd points. Not too worried about the potential lost profit but I'm starting to learn that trailing too tight and even taking profits too early can hurt. Kid and I missed out on 40 points earlier in the week too because of being a little hasty.
I thought it through, just didn't take the option this time. Not fussed. This is very exciting. I'm seeing what's there.
I won't be on tonight though. I need a break. I've spent a lot of time focusing on this the last week. Happy to take the winnings, re-charge over the weekend and come back on Monday!
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With the momentum up on this daily bar, is this the type of opportunity where someone would try and look for a bit of a dip near open tonight, consolidation near the low, and then potentially ride another big move up?
CanOz
Home runs feel good, but base hits pay bills!
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Nice trading Pav,
don't think you can be too harsh on yourself for not letting it ride overnight, there's a lot of big data points out over this week and whilst in this case it would have gone in your favour, who knows what could have happened in very thin trading out of hours.
Nice trade last night after I went to bed, I assume you found some form of entry on one of the reversal bars after the huge range/volume bar at 9 oclock?
Edit, interesting thoughts about looking for a possible retracement to get long. We should have just left a buy order in the system @ 6620 or so hehe
don't think you can be too harsh on yourself for not letting it ride overnight, there's a lot of big data points out over this week and whilst in this case it would have gone in your favour, who knows what could have happened in very thin trading out of hours.
Nice trade last night after I went to bed, I assume you found some form of entry on one of the reversal bars after the huge range/volume bar at 9 oclock?
Edit, interesting thoughts about looking for a possible retracement to get long. We should have just left a buy order in the system @ 6620 or so hehe
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Yeh I got an entry in that low area.
It was not long after I told you I was off to bed lol. Couldn't help myself.
It looked very low risk and offered good potential. Unfortunately I was just too tired to stick around.
It was not long after I told you I was off to bed lol. Couldn't help myself.
It looked very low risk and offered good potential. Unfortunately I was just too tired to stick around.
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But those big moves are the ones that really boost profitability. With patience and diligence we will get on a few. Maybe even add along the way.
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Couldn't help but check the open for a set and forget trade.
Is the above occurring?
tech/a
No Ordinary Duck
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Hang on I'll have a look just got home
CanOz
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tech/a
No Ordinary Duck
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I'm short 6638
Stop 6644
Expecting yesterdays low to be tested.
I'm out to tea in a while so if I'm still in play my buy exit is at 6574
Stop 6644
Expecting yesterdays low to be tested.
I'm out to tea in a while so if I'm still in play my buy exit is at 6574
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Hmmm
tech/a
No Ordinary Duck
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CanOz
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thinking a test of the POC at 6600
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I ended up getting on the short.
I was thinking long but got a low risk short. Was prepared to go either way with the break.
I was thinking long but got a low risk short. Was prepared to go either way with the break.
tech/a
No Ordinary Duck
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Still leaving my initial stop where it is.
6 ticks
Will move to B/E if still in play before I go out at 6.15
Got me.
Don't want to play going out to drown my misery!
6 ticks
Will move to B/E if still in play before I go out at 6.15
Got me.
Don't want to play going out to drown my misery!
CanOz
Home runs feel good, but base hits pay bills!
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Looks like it hit 44 to the tick...then reversed...
You gotta stop publishing your trades Tech, someone is running your stops
You gotta stop publishing your trades Tech, someone is running your stops
tech/a
No Ordinary Duck
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Looks like it hit 44 to the tick...then reversed...
You gotta stop publishing your trades Tech, someone is running your stops
Yup
Some one bought that just to peeve me.
Its a conspiracy!
Cant read the FTSE
But shorted the DAX--8425
And Im not saying where my stop is!
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