Trading intraday patterns and volume breakouts in Futures

[CanOz]

Just to cap off an already wonderful day...Bean Oil hits the target....

Night all, after 12 hours x 5 days I'm buggered!

CanOz

 

[CanOz]

Is the top chart soybean?

Bean Oil...

 

[tech/a]

Just to cap off an already wonderful day...Bean Oil hits the target....

Night all, after 12 hours x 5 days I'm buggered!

CanOz

Not the first time I've seen this 2 inside day method CanO

There is a guy who has done extensive work on it and I'm sure in futures.
I printed it off and put it in a folder. I'm away this weekend but will try and find it for you.

 

[tech/a]

Not the first time I've seen this 2 inside day method CanO

There is a guy who has done extensive work on it and I'm sure in futures.
I printed it off and put it in a folder. I'm away this weekend but will try and find it for you.

Found it in PDF.

https://www.google.com.au/url?sa=t&...=tb-Xx1EZff369llqS4YlPw&bvm=bv.46340616,d.aGc

Some great stuff in here including yours inside inside days.

The opposite of yours IE 2 outside days.
And the Three in One bar pattern one I use often.

6 useful patterns in all.

 

[CanOz]

Thanks for that Tech...

Jim Dalton calls it balance within balance, Linda Raschke calls them three bar triangles....this doesn't cover all the patterns though....

I'm sure they might test out ok as a system too, but I just use them in a scan and then look inside the last bar and the current bar for micro patterns to use for volume breakouts....

Agree with GB that testing it would be helpful in determining statistical probabilities though...

I'm really just interested how often the compressions or double inside bar results in a volume breakout.

Linda Raschke believes its one in ten.

CanOz

 

[CanOz]

Well there you go..a free PDF from Linda Raschke on her style of trading volume breakouts.....just skimming through it you can tell she uses allot of indicators....I don't. I think I've so had much screen time that I find them distracting. I just use two time frames, the time and sales, the DOM, and my TPO profiles.

CanOz

 

[fiftyeight]

Great thread as usual CanOz

I have not had nearly the amount of time I would like to give to my education, but I enjoy reading your posts when I have 5 mins and the pondering the detail while I work.

Fiftyeight

 

[kid hustlr]

Today was my best day yet trading this method....

Still short bean oil....stop at BE

Am I reading this right that you made 30k?

Are you trading sim or live?

Regardless cool thread.

 

[CanOz]

Am I reading this right that you made 30k?

Are you trading sim or live?

Regardless cool thread.

Lol, boofis thought the same thing....no, it's actually only $747.00, buts yes it live.

 

[CanOz]

Actually that total on its own looks good. As well as another 500 from a eur trade using the same method...but what it doesn't tell you is the losses this week from my index trading, nearly 100 ticks.

So net net for the week I am up, but plenty of mistakes were made and there's plenty of work to be done yet....

 

[CanOz]

Great thread as usual CanOz

I have not had nearly the amount of time I would like to give to my education, but I enjoy reading your posts when I have 5 mins and the pondering the detail while I work.

Fiftyeight

Thanks for the comment, hopefully i can contribute something that is helpful for other trading mortals like myself....

CanOz

 

[CanOz]

Homework day today, picking our new car up tomorrow and going out for mothers day so better get some work done whilst quiet here....

Some on the watchlist for Monday.

June NG - need to see how the wedge plays out on the open

 

[CanOz]

Copper, this does well in the Asian session sometimes. IT has already broken out of the larger consolidation area but we need to look into the smaller patterns anyway as the risk is higher on the this expensive contract. It does have a mini but i need to check the liquidity before i can trade it...

 

[CanOz]

Wheat is back in play again after the Ag Report

From Bloomberg, May 11, 2013 3:18:20

Global farmers will harvest the biggest grain and soybean crops ever this year, boosting food reserves to the highest since 2000, the U.S. government said. Corn, wheat and oilseed futures in Chicago slumped.

To read the entire article, go to http://bloom.bg/10LsYQT
Sent from the Bloomberg iPad application. Download the free application at http://itunes.apple.com/us/app/bloomberg-for-ipad/id364304764?mt=8

...I didn't think it was that bearish

 

[CanOz]

Bean oil is still on the radar....i like this contract, its good size and it moves slow but deliberately in the depth...

 

[CanOz]

Gold still has some unfinished business if its to meet that range target...we'll keep an eye on this. The gold mini (YG) is quite good to trade for these positions...

 

[CanOz]

CL tagged its target nearly spot on, i under played my trade a bit and took profits a tad too early...Nice reversal in wee hours of the Saturday morning....

 

[chops_a_must]

Gold still has some unfinished business if its to meet that range target...we'll keep an eye on this. The gold mini (YG) is quite good to trade for these positions...

Gold looks tricky.

You'll need to keep an eye on the usd.

Any increase in that could see that pattern reverse lower I'd imagine.

 

[CanOz]

Gold looks tricky.

You'll need to keep an eye on the usd.

Any increase in that could see that pattern reverse lower I'd imagine.

Yeah that's my takeaway as well, where as oil tagged it target the metals didn't Finnish it, just retested the break.

All of last weeks breaks we're dollar induced. Generally speaking one of the things I like about the Commodity markets is that they can be produce non correlated moves at times.

CanOz

 

[>Apocalypto<]

Yeah that's my takeaway as well, where as oil tagged it target the metals didn't Finnish it, just retested the break.

All of last weeks breaks we're dollar induced. Generally speaking one of the things I like about the Commodity markets is that they can be produce non correlated moves at times.

CanOz

Nice thread Can and very nice results...