The transition to Futures trading

[kid hustlr]

lol as absurd as the ms paint pic is it actually made the penny drop for me.

 

[CanOz]

One more pic, more to show off my mspaint skills than anything else

View attachment 54272

If I have one of those high volume spikes I am looking to fade (short), I like to see the rounding on the top, not on the bottom. In the picture I like the setup on the right.

The one on the left is running into limit orders on the retrace
The one on the right is running into limit orders on the retest

Yes, i get that...although your rendition does resemble a viagra add i saw once...Maybe i can find a practical example...

 

[CanOz]

Here's another one that i see sometimes, a strong impulsive sort of move, followed by a little consolidation then a break out to a measured sort of move, then a fail all the way back to the consolidation, sometimes lower again...

- - - Updated - - -

As i was MS Painting the HSI just did exactly that!!

 

[Boggo]

Here's another one that i see sometimes, a strong impulsive sort of move, followed by a little consolidation then a break out to a measured sort of move, then a fail all the way back to the consolidation, sometimes lower again...

This may be what you have got there CanOz, watch out for the little sucker up turn in the middle at "b".
Diagram is from here with my additions http://www.babypips.com/school/abc-correction.html

 

[CanOz]

Thanks Boggo

 

[Caveroute]

This may be what you have got there CanOz, watch out for the little sucker up turn in the middle at "b".
Diagram is from here with my additions http://www.babypips.com/school/abc-correction.html

Hi Boggo,

Given the benefit of hindsight, would you buy the package that all your screen shots,well except this particular one, come from again ?

Txs.

 

[Gringotts Bank]

This may be what you have got there CanOz, watch out for the little sucker up turn in the middle at "b".
Diagram is from here with my additions http://www.babypips.com/school/abc-correction.html

The way it's drawn there, it's a head and shoulders reversal, one of the most reliable patterns in the book.

The ABC part looks like a measured move scenario, which is less reliable.

 

[Trembling Hand]

The way it's drawn there, it's a head and shoulders reversal, one of the most reliable patterns in the book.

You got any stats on that? Personally I reckon its just more TA myth. For which I have some stats. I followed the H $ S thread somewhere on here and it was running at a absolutely miserable 16% win rate and then the avg win was only 1:1!. Basically F'n hopeless "pattern".

 

[Gringotts Bank]

You got any stats on that? Personally I reckon its just more TA myth. For which I have some stats. I followed the H $ S thread somewhere on here and it was running at a absolutely miserable 16% win rate and then the avg win was only 1:1!. Basically F'n hopeless "pattern".

You show me your stats and then I'll show you mine.

 

[tech/a]

You show me your stats and then I'll show you mine.

How about mine??





http://thepatternsite.com/BustHST.html

 

[Boggo]

Hi Boggo,

Given the benefit of hindsight, would you buy the package that all your screen shots,well except this particular one, come from again ?

Txs.

New thread here Caveroute
https://www.aussiestockforums.com/forums/showthread.php?t=27370&p=793003#post793003

 

[Caveroute]

New thread here Caveroute
https://www.aussiestockforums.com/forums/showthread.php?t=27370&p=793003#post793003

Thanks Boggo

 

[kid hustlr]

OK FTSE boys where are you?

Last two days have been pretty bullish, finished a long way off its lows, leads me towards a bullish bias, especially with asia being decently strong today.

Trade what we see I guess!

 

[cynic]

OK FTSE boys where are you?

Last two days have been pretty bullish, finished a long way off its lows, leads me towards a bullish bias, especially with asia being decently strong today.

Trade what we see I guess!

My Goose is bearish, but my Grail is bullish! This means that I'm having an each way bet at present.

 

[CanOz]

Choppy slow day of trade, maybe a test of 6532...

miserable Monday...

Edit, two more targets on the lower side, are 6517 and 6510

 

[kid hustlr]

Choppy slow day of trade, maybe a test of 6532...

miserable Monday...

Yeah really slow at this stage isn't it? Maybe a chance to get short the FTSE then but passed on it as the R:R was no good

 

[boofis]

Any of you paint gurus care to comment on when you would've exited my last trade of this arvo?
Tried to explain a little of what I was thinking process wise during the trade. And obviously a better scenario would be to take one off and leave a couple to run but just don't have that available to me..yet!

 

[kid hustlr]

FTSE rolls coming in, makes it hard to analyse volume!

 

[tech/a]

Got legs!!
Can see this going to 6650 ish
Long 6574

 

[pavilion103]

Haven't been on much boys!

Been focusing on my momentum portfolio at the moment.

Will be back on the futures a bit more at some point soon.