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The transition to Futures trading

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Well I'm not sure if it was posted in here or not (I'm confident it was) but I did identify the low volume up channel and reversal near resistance.

That is why I was so keen to trade last night that I brought my laptop to the office. I've never done that before.

When price fell severely on the open I began to panic a little. I lost 10 points in fear before making 30 from the break of that large triangle. Finishing 20 points up for the night.

Being 10 points down, I was too afraid to go 2 contracts on the break of the triangle which looks costly now.
As we do so many times, it was all played out in my head but not executed properly.

With a potentially great opportunity missed I'm looking for the next one to take a position trade. We'll see.
 

Apologies if this didn't come across well, totally unintentional.
 
Now if this thing is going to continue to fall, it could consolidate at this small resistance and then fall. We'll see.
 
You guys seem to have a short bias today?
 
I do. We'll see if its justified. I'm not 100% sure but it looks like short to me.

Channel up/test on decreasing volume here. A possible entry coming up!
 
Man that FTSE must be thin....
 
Long and going to let it go now its at B/E
just a couple.

 
Tech I've noticed you've posted some 1 min charts lately.

Are you working off them a little more now?

Do you find it provides you with a stronger entry?
 
kid hustlr said:
Tech I've noticed you've posted some 1 min charts lately.

Are you working off them a little more now?

Do you find it provides you with a stronger entry?
Click to expand...

In the above case I got to the screen after the spike low which was apparent
In all timeframes.
My bias was and still is towards a correction in a longer term push lower.
So these movers aren't normally 100s of ticks so I need a timeframe with more bars for technical entries.

It gave me lower risk on the test of the low entry which I expected.

I was originally thinking much shorter timeframe but let it run once at b/e.

I'll use 3 min generally
But one minute if shorter term expected.

The key really is finding strong setup where momentum is likely to be sustained
Over x timeframe.
As I keep saying once at b/e the risk almost disappears.
 
Yep ta mate.

Reason I ask is i too was keeping an eye on the long entry after those preceeding bars. The only real long set up I could see on the 3 min was say long around 6459 or so. It would have meant a 13 tick stop or so which was just a little out of my comfort zone. Especially when I had a similar bias to you in that the general longer term move from here was down.

The 1 min provided that nice entry with a decently tight stop and would have been perfect for last night.

It's also another example of getting long 'before the potential break' further improving expectancy.

Will keep a closer eye on the 1 min from here.
 
When referring to your longer term bias, what are people using? T/A with a longer time frame or F/A or other?
 
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