tech/a
No Ordinary Duck
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The transition to Futures trading
- Thread starter pavilion103
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This may sound a bit smart assy but its not intended to be.
I know you "keep saying" about moving to B/E and if its not going your way get out. Does your bias help determine your entries or what set-ups you are looking for?
I have read repeatedly we cannot predict what the market will do, so how does your longer term bias affect your trading?
Or am I confusing bias with predicting.
I know you "keep saying" about moving to B/E and if its not going your way get out. Does your bias help determine your entries or what set-ups you are looking for?
I have read repeatedly we cannot predict what the market will do, so how does your longer term bias affect your trading?
Or am I confusing bias with predicting.
tech/a
No Ordinary Duck
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Each trade is based upon the analysis for that trade.
The Risk Reward is also a leading consideration.
If I'm late then I wont trade that setup.
Why trade against my Bias?
There are setups which indicate momentum will go against my bias and others
that indicate that it will support that bias.
We can anticipate.
There is a fine line between anticipation and prediction.
If you have a look at Boggos Elliott Wave charts they anticipate the extent of moves
likely targets.
And provided market conditions don't change dramatically from the conditions at the time the
analysis was performed then the anticipated levels are reached with surprising accuracy!
CanOz
Home runs feel good, but base hits pay bills!
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One thing that has caught me from time to time was underestimating the short interest in an index or commodity and the rally that it can produce when they rush to cover...so i may have a short bias and be fighting that covering...
Nasty stuff when you're on the wrong side of it, absolutely wonderful of course when you're not...
Nasty stuff when you're on the wrong side of it, absolutely wonderful of course when you're not...
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Alright boys place your bets.
Continuing with my short bias going into today but as always will just trade it as it comes.
Continuing with my short bias going into today but as always will just trade it as it comes.
tech/a
No Ordinary Duck
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Sold long
Now short
Now short
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Plenty more opportunites!
Pav and I knicked a few ticks when it tested the low and jumped up to around 6475 or so. currently sitting back doing nothing.
Setting up for a big drop later this evening?
House rules, 2 consecutive losses in one session and your on yer bike.
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Break of this base short is on the cards?
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Here's hoping. Short 68, stop 72.
Saw a long earlier - low vol test of the major low, but I was too chicken to take it. Even in sim trading I'm still scared of losing.
tech/a
No Ordinary Duck
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Why!
If your getting out for a few ticks or better still B/E
It's only a matter of getting on the right side of the trade.
Because it means I'm not reading it well, tonight- simple as that.
There is always tomorrow, the day after or the day after that.
There is no rush.
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Similar one too!
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Sorry Pav, I jinxed it for you.
Any other day I'd have gone short again at 79 - Vol dried up after a big push up. But once bitten twice shy.
tech/a
No Ordinary Duck
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Yes I agree with that.
If you don't feel your in sinc
Best to walk away.
Sometimes a few hrs does the trick!
Just closed short.
tech/a
No Ordinary Duck
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Boom there's your long!
Unfortunately I didn't reverse my trade!
Long 6479
Out 6476
Unfortunately I didn't reverse my trade!
Long 6479
Out 6476
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Not sure if this is going south or not but if it does, the daily chart shows there nothing stopping this move having a very good run down.
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Any ES traders here ?
I trade the ES a couple of nights a week, sometimes from around 8.30 Aus time for a few hours. Am looking for trading buddies to swap ideas/stop from being bored etc.
I trade supply/demand effort/effect. Would prefer ppl trading different methodology, who has traded futures for a while. I've been ES futures since 2006 and seen quite a few come and go in that time, so not looking to have my hand held, more a person/people with a methodology they are comfortable in trading most market conditions.
PM. me if interested
Cheers, M
I trade the ES a couple of nights a week, sometimes from around 8.30 Aus time for a few hours. Am looking for trading buddies to swap ideas/stop from being bored etc.
I trade supply/demand effort/effect. Would prefer ppl trading different methodology, who has traded futures for a while. I've been ES futures since 2006 and seen quite a few come and go in that time, so not looking to have my hand held, more a person/people with a methodology they are comfortable in trading most market conditions.
PM. me if interested
Cheers, M
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