Trading the XJO with CFDs

[Modest]

I am looking at 7247ish to hold for a re-entry long. Failure here will mean more down down

 

[peter2]

If 7250 (+/- 3pts) holds, I'll buy at 7260 for the afternoon rally into the close.

Just saw your post, same idea.

 

[peter2]

sp500 selling off again, not looking good unless asx200 can hold above today's earlier low.

 

[Modest]

Flush into 7220

 

[peter2]

Come on Aussie, hold above today's low. If it goes below, I'll have to wait for the next higher low.
Looks like @Joules MM1 has gone to the bank.

 

[peter2]

Bought the flush, small position.

 

[Joules MM1]

Come on Aussie, hold above today's low. If it goes below, I'll have to wait for the next higher low.
Looks like @Joules MM1 has gone to the bank.

slalom

in case you need them,

 

[Modest]

Bought the flush, small position.

View attachment 130529

Nice work, ballsy!

 

[peter2]

Stop at BE, letting it ride. Raised TP to the prior consolidation range.

Joules, you should be able to sell a few of those steel gloves in the FMG thread. What a bunch of desperados.

 

[Joules MM1]

Stop at BE, letting it ride. Raised TP to the prior consolidation range.

View attachment 130531

Joules, you should be able to sell a few of those steel gloves in the FMG thread. What a bunch of desperados.

lol
...i see you've changed your handle

Nice work, ballsy!

that's a bit rude mate ......spell Pete's second name with a capital B

 

[peter2]

Now is the time I should close the chart. The trade will either work or it won't. (Edit stopped out at BE)
Will re-buy at 7255 provided HL is intact.

Another 4hr bar has closed in the FX markets. If you're not already short AUD, EUR GBP it's a bit late now.

Gold, there's a higher low of the 5min chart. Tempting buy at 1749 (SL 1743).

 

[peter2]

I'm long ASX200 again. Thanks for the diversion gents.
Time for my arvo ASX scans. I'm not expecting to see many high volume UP bars today.

 

[Modest]

That was some good fun trading that together gentlemen. We should do it again someday.

 

[peter2]

That was some good fun trading that together gentlemen. We should do it again someday.

Yes, it's enjoyable trading with some knowledgeable and respectful company. There's no-one asking if they should buy or sell now or asking what's going to happen next. We all have our own opinions on the market structures we're waiting for to trade.

My first trade was a regulation 123 Low reversal pattern, the second a fake out reversal (after the stop hunt), the third was another 123 Low pattern. One win (+18pts) with two BE.

@Joules MM1 regularly posts here and in the gold day traders thread. We should join in more often.

Edit: Sorry, overlooked the @Modest thread in the members section. That thread is for the "gun" traders on the larger time frames.

 

[Joules MM1]

$xjo o/n just printed 7123 in the front month contract (cfd)

sell side liquidity increasing across wide range of instruments
'cept of course $DX ($DX1)

 

[Joules MM1]

on a % basis if youre already in sell mode and youre overseas, in USD's would it be better for a fx spike in the local currency to
exit your longs (that is sell your in-the-money stocks)
pos not shown

 

[Joules MM1]

pros sell the close

 

[Joules MM1]

Chart Image

www.tradingview.com

looking for centreline channel in the above chart (cash)

 

[Modest]

Looks good. Would be nice for it to push into 7358

 

[Joules MM1]

almost had the rat trap take me ......the SPA was a sell all the way

if you could organise the spx to eat a bad curry, that would be great
@Modest