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Yeah that would make sense. Sell FTSE on open?
The transition to Futures trading
- Thread starter pavilion103
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Yeah that would make sense. Sell FTSE on open?
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I suck at these big fundamental movement days. Usually I have faded before seeing the announcement and hit daily stop, or I try and get in on a little retracement and watch it break back against me me the other way.
Now I usually just stand aside and wait for the move to fizzel out and fade it, or If i have missed that play, wait for a larger retracement.
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me to in the bonds mate. watched it run up for miles just cant get on.
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how hard is it for this stupid ftse to actually pick a direction. like a 12 point range so far just ridiculous
CanOz
Home runs feel good, but base hits pay bills!
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Yeah, its been a tough week lol....A ton of selling on the DAX buts its not going anywhere...thats why i'm on the lookout for a little rally to close the gap at least. If we do break lower i suspect it will clear out allot of longs trapped.
CanOz
Home runs feel good, but base hits pay bills!
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Cancel that, time to step away before i get chopped to bit.
Same some money for the NQ tonight.
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US Session is so much better than Europe, it's like the guys with some balls sit down and start making things happen, every night. F our aussie/asian timezone, if I was single I would trade a few hours of US session only.
CanOz
Home runs feel good, but base hits pay bills!
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I'm still dabbling in the DAX, but totally in the red.
I think i'm done with Asia and Europe. Its just not worth the headache. I can trade live for $5 per tick per contract and trade a real live market, with real volume
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Yeh, my wife quit work about a month ago and seems quite happy for me to trade 24 hours a day to keep her in the lifestyle she wants to become accustomed to....lol
CanOz
Home runs feel good, but base hits pay bills!
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Its not bad from here, 930 open at the moment. It will be 1030 in a couple of weeks though. We're the same time zone as Perth.
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Was long @ 6664 in the FTSE then. Got taken out @ b/e in on one of best stop sweeps i've seen. watch this go to the moon now.
CanOz
Home runs feel good, but base hits pay bills!
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Yeah wouldn't surprise me in this liquidity...just horrible in the depth, so thin at times.
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CanOz
Home runs feel good, but base hits pay bills!
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that's the play to be looking for...
third mouse
Hey stranger...
I sat and watched the DAX for two hours...just waiting for someone to hit the offers...
Went to prepare some dinner and came back to a 40 point spike off the level i was watching.
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Haven't been back to visit for a while. Haven't been watching the FTSE.
Hoping to get involved again soon guys!!
Hoping to get involved again soon guys!!
CanOz
Home runs feel good, but base hits pay bills!
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I think you and Tech took the volume and volatility with you...
Hopefully I will bring it back.
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that's the play to be looking for...
third mouse
Don't understand the the 3rd mouse comment? I do agree these type of bars are a good sign to get long. perhaps I needed to be more patient.
Tech + Pav + Barney + Cave + Can + anyone, do you think I moved my stop to b/e a little quick?? I didn't feel like it was to fast but perhaps I do need to, as t/h says, wear a bit of pain at some stage
CanOz
Home runs feel good, but base hits pay bills!
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I know i do, and it hurts. You just have to learn to kiss the risk goodbye...forget about it, count it as a loss for the day or whatever it takes and write it off. That way you can leave the stop alone.
I'm constantly moving mine and when the markets are choppy like lately i end up bleeding from a thousand cuts...
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Did the right thing IMO. Definitely wide enough to move stop to BE.
If you aren't eliminating the risk then you'll get killed.
My philosophy is get stop to BE ASAP then there is nothing lost. From there trail a bit looser if you like.
Eliminate risk first!
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