The transition to Futures trading

[pavilion103]

I know we are all 100% traders in hindsight, but some food for thought.

Just my trading notes.

 

[Caveroute]

comparing notes --

 

[pavilion103]

FTSE

Price back up at around the resistance level.

Let's see how price responds.

 

[tech/a]

comparing notes --

Now if you could mark one of those up going forward
IE real-time
Right hand of page That would be excellent.

While we are on that---any thoughts on PAV's right of page observation?

FTSE

Price back up at around the resistance level.

 

[ThingyMajiggy]

Break higher I'd imagine with the way we've had higher lows and the strong lead from the US last night, that's my punt anyway, break of resistance by the end of session

 

[Caveroute]

Well its heading for new highs, various resistance points above.

Right now it's in a spike and channel off the 6685 low.

They often end in 3 pushes and some sort of reversal pattern, where they go into a TR back to the bottom of the channel or the bottom of the spike.

Lets see how it pans out.

 

[Caveroute]

Just to clarify things - i'm still trying to learn this stuff - and if you cannot see things looking back you will never see them looking forwards.

i'm not suggesting for a second that I'm taking all these trades, but they are all candidates identifiable in real time if you know what to look for.

The video game !

There are several blogs on the ES that cover this stuff, but none on the FSTE that I'm aware of.

 

[tech/a]

Just to clarify things - i'm still trying to learn this stuff - and if you cannot see things looking back you will never see them looking forwards.

i'm not suggesting for a second that I'm taking all these trades, but they are all candidates identifiable in real time if you know what to look for.

The video game !

There are several blogs on the ES that cover this stuff, but none on the FSTE that I'm aware of.
View attachment 56324

Well
Your doing very well

 

[pavilion103]

LONG entry near open.

Stop to BE in 1 bar.

Want to leave stop here (learn my lesson) unless:
1) major pivot low
2) signs of supply

 

[ThingyMajiggy]

Can someone tell me what flippin data source they're using (other than IB) to access FTSE futs? The stupid exchange system they have is confusing, NYSE, NYSE EURONEXT, LIFFE, LIFFE EQUITIES, LIFFE COMMODS etc etc. Customer support for most data suppliers is worse than having a chimp guess which exchange.

P.S - Here we go with the break higher

 

[tech/a]

This has never happened before.

Long DAX
Placed a market sell order and its been held ---monitored (In Blue) for 15 min.
Relogged in and it still wont do me!!

Any Ideas

Ive taken a screen shot incase I cant solve it

Should just close

 

[Caveroute]

Can someone tell me what flippin data source they're using (other than IB) to access FTSE futs? The stupid exchange system they have is confusing, NYSE, NYSE EURONEXT, LIFFE, LIFFE EQUITIES, LIFFE COMMODS etc etc. Customer support for most data suppliers is worse than having a chimp guess which exchange.

P.S - Here we go with the break higher

AMP/CQG from the LIFFE exch.

 

[tech/a]

This has never happened before.

Long DAX
Placed a market sell order and its been held ---monitored (In Blue) for 15 min.
Relogged in and it still wont do me!!

Any Ideas

Ive taken a screen shot incase I cant solve it

Should just closeView attachment 56329

Rang US desk and they closed it
No real damage

 

[pavilion103]

Taken out BE

 

[kid hustlr]

Oh my god Pav

 

[pavilion103]

HOLY CRAP!!!!

WTF

I was taken out by 1 TICK!!!!!

What is worse.......
I had my original stop at 29
I moved it to 29.5 to cover brokerage (about 30 mins later)

Haha.
Not only do I miss a 45 point move but I miss it as price breaks out of a consolidation on the daily chart.

 

[pavilion103]

The ultimate irony.

Cursing myself recently for moving my stop from BE too early.
I move it one lousy tick in an area where there was no major support and price had already moved 20 points or so in my favour.

And I get stopped to the tick....

Back on tonight and I'll look for a long probably.

Still taking the positive attitude that I'm happy I can identify these trades and minimize risk. On a luckier day I'd still be in. That's trading I guess!

 

[ThingyMajiggy]

Break higher I'd imagine with the way we've had higher lows and the strong lead from the US last night, that's my punt anyway, break of resistance by the end of session

Naiillllledddd it, took my 10K demo CMC account and got it to 22.5K overnight by longing FTSE, SIM GOD right here lol, ahhhhhhhhhhhhhhh I suck.

 

[pavilion103]

Naiillllledddd it, took my 10K demo CMC account and got it to 22.5K overnight by longing FTSE, SIM GOD right here lol, ahhhhhhhhhhhhhhh I suck.

Huh?

Wow. Hopefully when you're trading real money you can double your account every day too.

After the first month you would have made about $5.25 billion.

Maybe enough to retire on!

 

[tech/a]

Naiillllledddd it, took my 10K demo CMC account and got it to 22.5K overnight by longing FTSE, SIM GOD right here lol, ahhhhhhhhhhhhhhh I suck.

CFD's