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Trading the XJO with CFDs

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Nice one I'm holding a runner from 5870sish. Most of the down move was done overnight so unlikely it would continue in the cash session.
 
iii

in this instance you see all the trades, the bulk, as same size, fractional can work best, some levels wont be reached, some positions are larger with nearterm targets well below the assumed level to achieve, this shapes risk (keep in mind i am doing this in real time it's a challenge to type to thought etc)
 
iv

agree, scholsey, $dax did the major drag, no honkers means $xjo/spi runs unto itself so it plays "cleaner" plays within plays ...we still have some ways to go to complete the current downswing tho, maybe retest 5800's thru base of the channel then resume upleg.....all context

https://www.tradingview.com/x/kfORRIgP/
 
v

because it's zonal allowing 'heat' while keeping the boundaries as context
we should still reach structural targets
 
inspecting the structure



= never trust a thrust applies, sellers look to sell strength
 
higher targets to go, not fully suggesting the retrace is complete, with the channel tested overnight bodes well for longs but not being precious for futures/cfd's as the swings are different, yet, construction suggests daily uptrend still in mode (as context for bias)
 
when price drives the way it has today it is best to treat it as unauthentic, the question is who best benefits from the drive, what is the set-up that's being created?
 
squeez

if youre short and uncomfortable it usually implies you've reached the limit of your knowledge but your memory tells you youre on the wrong side .....traders at odds with themselves AND the market take hits harder because all traders take hits but not all traders can accept the basis of the hit, the exit of a trade being squeezed can either be method based or emotive based, one is repeatable the other is dumb when repeated

when on the right side of a slugfest.... type something inocuous to people who dont care .....
 
https://www.tradingview.com/x/RlxWJpgR/
in the above we hit a standard return/retrace low to high of 38.2% of the 3rd (of a 5 leg lift)
it is unlikely the retrace is complete and we'll look to retest todays high* + a small return before back on our bully bike north
ripping 5891's in the cash would not be a good sign for the bulls so that's the bias uncle point for mine

price activity is almost in the middle of the upchannel
basic count: https://www.tradingview.com/x/iRsCsTWC/
with honkers looking bullish and us/euro still punching upwards the local scene bodes well for longs

* (which rotated at 127.2% inverted ratio small yet clear in the front month cfd)
 
honkers having a melt-up
xjo having a meh up .....

selling every high you see ?
 
Joules MM1 said:
...ripping 5891's in the cash would not be a good sign for the bulls so that's the bias uncle point for mine
Click to expand...

and we're there, in the cash the 61.8 5897 has held thus far slightly below the base of the upchannel
time for the sellers to put up or shut up
https://www.tradingview.com/x/JwQAoTsv/

structure suggests the channel remains intact

61.8 as a % is rare on the $xjo, just the nature of the make-up of the aus market it tends to ratios other markets dont, it implies the emotive nature of trade ....so long as there is cheap credit debt to drive the trend we'll stay bullish
 
iii
$hsi cfd had a gap up now closed and bids are in during late aussie session ..they'll drag up the post-cash sp200 cfd
 
Walter Murphy
@waltergmurphy
·
1m
Today was the 44th straight day the NYSE new highs exceeded new lows. Since 2016 similar runs have been capped in the 52-59 day range. Tick tock?

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until the $xjo breaks it's series, despite the slugfest, looks more like the aftermath of an outdoor concert, we have to stick with the excruciating trudge uphill .....great bull phases are made of not much at all and sucks in all the opposing opinions
 
tight range waiting on other markets for liquidity signals, both longs and shorts get trapped in this stuff, smaller size smaller targets

bias is north
 
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