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The transition to Futures trading

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boofis said:
Any of you paint gurus care to comment ...
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It's grinding up to slow for me, I like to be on the side of the impulse or fading in anticipation of an impulse the other way, as that move went that far up so slow without the impulse I would have been out earlier than you and missed more of it. Sometimes if I luck into an entry within a couple of ticks from the bottom I will just let it run.

These types of moves though, If you find yourself long a fair way into one, you know there would have been a bunch of people shorting for the retrace all the way up and have not really had a chance to get out, the longer it grinds like that the higher the chance of a short covering impulse
 
Closed at 17
This is going to come off but has some upside yet.
I think there will be some nasty up ward spikes from short covers.

Perhaps another 30-70 ticks to the upside yet.
 
Another view perhaps, Z 5 min chart. Seems to be struggling a bit though.
 

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In regards to this, there is one happening right now on AUD, you can see where i got short for the fade, then exited not much further up, it has just grinded up too far now and I expect the chance of some puking to begin is too high to be short



Watch this thing tank now that i have posted it...

edit, pic not very clear, short is the little red x at 75, exit is blue x at 76
 
havaiana said:
...it has just grinded up too far now and I expect the chance of some puking to begin is too high to be short...
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and the follow up, there was the little pop where i have put the line, you can see from the high volume bar it happened to be absorbed pretty well so far, i still wont be reshorting yet, i want it to take out the daily highs now, if it tanks from here I miss it

 
and the re-entry. Broke the daily high (have zoomed out so the daily high can be seen) and no follow through, got a fill on the top to the tick (topstep sim). Going to go to bed and let it play out from here with a couple of tick stop. There are some longer term highs pretty close to here so wouldn't take any more shorts if it keeps going higher than this anyway

 
tech/a said:
I think Highly likely
More upside before coming off.
Maybe even a day or so.
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Made that target, pity I had to go out tonight, a few good signals on Forex too
 

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Boggo said:
Made that target, pity I had to go out tonight, a few good signals on Forex too
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Think its close maybe a day more.
Will either power through or resist again.
Watch for nasty spikes as Short stops some long term could be taken out.
Syria maybe the key!

Strange how these important events culminate often at crucial
technical (Chart) areas.
 
logged on just in time to miss a small long opportunity near the lows on the ftse, hope you guys got it!

edit: woulda been stopped at b/e so no harm done!
 
Boggo said:
Another view perhaps, Z 5 min chart. Seems to be struggling a bit though.
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How is that line of yours calculated Boggo? On the close of each bar and if the price continues to close above each bar, above a pre-determined value, then the line keeps readjusting to that high as it goes? If that makes sense lol.
 
boofis said:
How is that line of yours calculated Boggo? On the close of each bar and if the price continues to close above each bar, above a pre-determined value, then the line keeps readjusting to that high as it goes? If that makes sense lol.
Click to expand...

Not sure which line you are referring to but if you look at the video in my first post on the MTPredictor thread and still have some questions then ask on there.
Link - https://www.aussiestockforums.com/forums/showthread.php?t=27370
Cheers.
 
Having some great success with this method

Best with the DAX for RANGE!

!
 
Lone Wolf said:
I believe TH is referring to the infamous "punching out buy sell orders like a boxer on ice" comment. Ahh, good times.
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He did it all day---then
I've had enough in an hr.

Come on that comment is legendary !!!
 
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