The transition to Futures trading
- Thread starter pavilion103
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hmmm
Stop on my long is 6444.
Last trade for me.
- - - Updated - - -
Out
Stop on my long is 6444.
Last trade for me.
- - - Updated - - -
Out
Booted out at 6439.
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FTSE tags the cash close almost to the tick then gets turned right back around.
EDIT: might have missed it by a few but the classic Can OZ fill the gap trade none the less!
EDIT: might have missed it by a few but the classic Can OZ fill the gap trade none the less!
tech/a
No Ordinary Duck
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Short Z 402 saw DAX coming off was a bit late so Z was stalling --took the trade
Close 97 long 98
Closed long 03
Short 01
Out B/E
Close 97 long 98
Closed long 03
Short 01
Out B/E
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is Z the FTSE?
Weird price action. looks like it wants to go down but theres not much gusto behind it.
If this tests the lows on weak volume I'll be looking for a long
Weird price action. looks like it wants to go down but theres not much gusto behind it.
If this tests the lows on weak volume I'll be looking for a long
tech/a
No Ordinary Duck
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Yes.
DAX is AX
- - - Updated - - -
Long DAX 57
Out 56 and short
Out 58
Looked like it was going to hold support well.
Hence long.
But then kept pressing the support and breaking through
so short.
No direction so I'll quit while I'm a little in front.
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the duckman scalps now?
decision time here in the FTSE
decision time here in the FTSE
tech/a
No Ordinary Duck
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No just getting what I can.
Would prefer to let it go.
Its just not showing a clear direction.
(Setting up for it (A move in a direction) if you know what I mean)
DAX just broke through and I got 48 short
out 52
Bed.
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Gah, missed the long opportunity on the FTSE. bit slow to pull the trigger and shes gone.
might be my bed time to.
might be my bed time to.
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DAX also cracked out of the box on the daily
CanOz
Home runs feel good, but base hits pay bills!
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8132 is the top of the gap back in like...July, its like a magnet.
Out 6403
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That level around 6380-6395 is starting to become an area of pretty big significance in the FTSE. Tested it 3-4 times during the cash hours and has been turned around each time. Could prove to be an opportunity if it breaks.
tech/a
No Ordinary Duck
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You know after 2 nights of trading Noise
Id much rather wait for a decent position.
I've become very good at watching them pass by!
Personal note is to expand timeframe and adjust trading
methodology to suit.
Id much rather wait for a decent position.
I've become very good at watching them pass by!
Personal note is to expand timeframe and adjust trading
methodology to suit.
Trembling Hand
Can be found on the bid
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Ha! You are getting sucked into the flippers vortex!!
Soon you will be doing as we all do. Flipping bid ask spreads during lunch.
:
tech/a
No Ordinary Duck
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Ha! You are getting sucked into the flippers vortex!!
Soon you will be doing as we all do. Flipping bid ask spreads during lunch.
Rather be eating lunch!
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tech, TH,
a penny for your thoughts.
The more I trade and the more I read your guys comments I feel I'm SLOWLY starting to get a feel for what tends to work on a consistent basis.
I find the best set ups for me are the ones where I fade the highs/lows (because of various factors/reasons) or I identify some good continuation patterns and am able to jump on board.
I get the impression (especially from you TH) and also reading the FX thread(s) that most typical 'break out' trades simply don't work often enough to be +EV. Would you agree with this comment? TH you obviously have the most experience with this and I feel like whenever an obvious break out trade is apparent you feel its a 'retail sucker play' and it will just get reversed pretty quickly.
Are there any occasions when obvious break out trades should be taken or do you find the best 'break out' trades come from identifying the chance they will break BEFORE they do and getting on them BEFORE HAND.
a penny for your thoughts.
The more I trade and the more I read your guys comments I feel I'm SLOWLY starting to get a feel for what tends to work on a consistent basis.
I find the best set ups for me are the ones where I fade the highs/lows (because of various factors/reasons) or I identify some good continuation patterns and am able to jump on board.
I get the impression (especially from you TH) and also reading the FX thread(s) that most typical 'break out' trades simply don't work often enough to be +EV. Would you agree with this comment? TH you obviously have the most experience with this and I feel like whenever an obvious break out trade is apparent you feel its a 'retail sucker play' and it will just get reversed pretty quickly.
Are there any occasions when obvious break out trades should be taken or do you find the best 'break out' trades come from identifying the chance they will break BEFORE they do and getting on them BEFORE HAND.
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I'm finding that with the breakout ones. I've narrowed it down to 3 main setups for me. I've been deceived many times with false breakouts and have wised up to this a little.
If I get time ill post a few charts explaining what I mean.
Interested to hear TH thoughts also.
How did you go last night?
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