The transition to Futures trading

[qldfrog]

for what my opinion is worth (not much) I tend to agree and foresee a reverse happening toward a short term bearishlate this year early next year.
time will tell.I have also far too often be too early (each way) and so end up loosing...
It is actually good to follow the sheeps however wrong they may be

 

[tech/a]

for what my opinion is worth (not much) I tend to agree and foresee a reverse happening toward a short term bearishlate this year early next year.
time will tell.I have also far too often be too early (each way) and so end up loosing...
It is actually good to follow the sheeps however wrong they may be

USA will need to raise it's debit ceiling
Again in January.
So highly likely that you'll see volatility
If they stop printing get short!
If not stay long.

 

[pavilion103]

Anyone catch this down move on the FTSE.

I got on in time. Interesting to see how this plays out now. Huge relative volume here on the fall.

 

[tech/a]

Good god its moving!

 

[pavilion103]

Sorry fellas off to do the ironing

 

[pavilion103]

Coming up to some potential resistance at 6690ish.

Moving stop a little tighter now.

 

[pavilion103]

Near potential support around 6690.

Wondering if this is stopping volume. Moved stop quite tight as you can see. If it comes up much at all I'm gone, but I'm still in in case somehow it does fall further.

Considered a profit taking around this low on the red bar that pushed down on lower volume. Thinking a test of the big volume. But would rather the market take me out, even if the stop is very close to the current price.

 

[pavilion103]

OUT - 6701.5

31 points.

 

[pavilion103]

And finally the notes of my trade. This is how I save all my trades, both successful and unsuccessful.

 

[cynic]

Sorry fellas off to do the ironing

View attachment 55133

I'm not sure that our plastic currency would survive the heat. Luckily sterling and Euros are still printed on paper, but, I do think that some people take the art of money laundering just a little too far! Put it through the rinse cycle if you wish - but ironing?!!!! Don't the wrinkled notes fetch the same price as the flattened ones?

 

[pavilion103]

Haha maybe a pointless exercise.

It just seems to be a long time between good setups at the moment so gotta find something to do with my time

 

[pavilion103]

Watching the daily chart closely. It will be interesting to see what happens with this period of consolidation occurring.

I won't be on tonight. I'm hoping to be back on tomorrow night.

 

[pavilion103]

Back on tonight.

Interesting looking daily chart.

Interested to see which way this breaks out of the 6680 - 6800 range that we are in.

Potential to get on a little move here before it takes off?
We'll see.

 

[pavilion103]

 

[pavilion103]

Nothing too exciting. My only trade. A short. Only 5 point profit. Nothing to write home about.



- - - Updated - - -

More an example of limiting risk I guess and reading the market.

As you can see on the placed orders at the bottom (didn't realise they showed up), I just missed out on an entry I placed to reverse the trade and go long with a 4-5 point risk.

Original trade = 3.5 point risk.

- - - Updated - - -

Thought I may have been on with that first trade after the long thrust down. Not to be.

 

[CanOz]

Wow, nothing like a surprise interest rate cut to spark things up......

 

[pavilion103]

So disappointed I was I'm bed. Was trying to get on a good short until 9:30pm when I went to bed! 3 trades stopped at BE.

Frustrating! Learning that it happens a lot!

 

[tech/a]

So disappointed I was I'm bed. Was trying to get on a good short until 9:30pm when I went to bed! 3 trades stopped at BE.

Frustrating! Learning that it happens a lot!

Brokerage loss only
You live for another day.

 

[pavilion103]

Brokerage loss only You live for another day.

Very wise words. Love your wisdom Tech!

Was expecting you to come on and say something similar

 

[kid hustlr]

Would have been hard to hold a short pre the ECB stuff anyway it spiked pretty big when they cut rate @ 11.45. Could maybe argue you would have found a short really late in the trading session but it would have been a position type trade with a decently wide stop from what I can see.

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Huge volume huge spike down on the daily now. Tonight will be interesting, if we don't find a bounce then there is a lot of trapped longs and we just need to sell the rallies!