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The transition to Futures trading

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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.
 

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!
 
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...
 
Alright boys place your bets.

Continuing with my short bias going into today but as always will just trade it as it comes.
 
Caveroute said:
long 6467.5

Uhm, nice trading, not.

ok, that's me for the night - good luck.
Click to expand...

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?
 
kid hustlr said:
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?
Click to expand...

House rules, 2 consecutive losses in one session and your on yer bike.
 
Caveroute said:
House rules, 2 consecutive losses in one session and your on yer bike.
Click to expand...

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.
 
tech/a said:
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.
Click to expand...

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.
 
Caveroute said:
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.
Click to expand...

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.
 
Boom there's your long!

Unfortunately I didn't reverse my trade!

Long 6479
Out 6476
 
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.
 
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
 
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