Australian (ASX) Stock Market Forum

Trading the XJO with CFDs

Jump to new
applicable to cfd's:

this attitude-perfect moment sums up what trading actually is: a series of ideas that narrow the odds of losing in of favour winning, as a lifting percentage, not about a win-all event, rather, a repetition of what works and a culling of what doesnt work .....every trade is prone to a rogue wave which brings this to mind:

the three immutable rules of margin trades:
money management
money management
money management

https://www.aussiestockforums.com/threads/p2-momentum-trade-book-part-3.33744/page-7#post-980684
 
Joules MM1 said:
bought the close

View attachment 87098
if you look further out, nearest but widest operable level, the general drift is up, HH's and HL's hence the idea "dont sell just cos it's easy or just cos it relieves the pressure valve"
having said that, it's way easier to scale or cull longs bag the smaller coin near the close of sesh, than have to sit thru self wind-bagging slumps
Click to expand...

Bloody good read, Joules. What a cracker of a week for the XJO.
 
Jo had a significant swing overnight at a major 1:1 resistance so today may give insight to a few flat sessions as we probe at todays opening cash high or rotate, $spx found low and the high betas had higher lows relative to the $spx, usually a bull signal

preference with the offer on Jo
 
honkers done finished downside probes?
prob needs to compete one small cycle upwards to new high before a larger correction to reset valuations in this big bull

hsi tri 5th 040518 daily.png
 
as a reference on how liquidity is moving thru the lens of other indexes even tho our market is on its own congested blind leading the blind uptrend

$spx
spx imitates hsi 040518.png
 
both honkers and spx evidenced theyre at swing low zones and least the pain is small distance..
honker trapped 070518.png
 
we may only need to return to 60 after cash closes, jo often completes a cycle out of cash hours
if the 60 zone does not hold then the 1:1 larger rotation resistance requires a deeper test to reset the upside

as an example:
xjo returns to 60 070518.png


and yes i know the bigchart thing is usually a substandard print it just highlights the lack of impulsivity, in other words the price was assisted rather than endogenously driven
 
Stop to B/E because I am a chicken. Counting on that ASX fade and Trump backing out of Iran.
 
There's the fade I know and love. Not too bad though, so just gonna take profit here at 6074. Knowing me, SPI will collapse overnight lol.
 
6092's protected today xjo .. bots are out and squeezing, a chop fest higher

here's that simple symmetry in the cfd on $spx and the rotation is clean, reset south clean bid north

spx symmetry boxes 15 closed 090518 cfd.png
 

Similar threads

volatility
XJO Trading System
Replies
7
Views
6K
volatility
volatility
Top