forrestang

I think it's just tonight. I think I get more trades from the 'G' pairs then anything else. The G/J moved really well today, the G/U just stopped for whatever reason. I'm digging your paint bars btw:)

I didn't take any of the trades tonight, which I regret. Tonight was a good night. The entries IMO weren't as nice and 'swingy,' but still good nonetheless. E/J: Price came right up to good resistance at 134.70, and yielded a nice shorting opportunity. The entry was more of a springboard than a L-> LH-> Breakdown ------------------------------------------------------------------------------------------------------------------------------------------------------------- G/J: Price came up to a general bed of resistance here. Similiar type entry as above. ------------------------------------------------------------------------------------------------------------------------------------------------------------- G/U: The short might materialize nicely, but I wasn't interested as it looked like it was going to break to the upside IMO, particularly when it made a HH instead of breaking down first through the blue line -------------------------------------------------------------------------------------------------------------------------------------------------------------

I was looking at that EXACT same trade as well.

This is just my opinion of course, but I wouldn't call it really a LH. It might be a trade if it were at an area if I were looking for a reason to short or expect a breakdown. Even though I wouldn't see it as a LH, I don't think it's outside the realm of reason for you to see it as such.

Holy moly!!! I guess P1 and P2 where hit! I wasn't even looking at my screen when this happened, or else I might have adjusted that P2 a little bit.

........................... ---EDIT(22:23est)---- Adj stop to 150.85, may be a tad tight but this is moving too slow for my liking.

Not sure I understand your entry either?

Follow up.................

Post deleted.......................... -----edit----- Approaching potential Support here.

Did anyone catch any of these?

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P1 hit on first half:cool: Stopped at BE on second half. May have squeezed just a pinch too tight?

Does these count as possibly putting in a L-H-LH? Right now the LH is not in place, but if it does break above the apex, w/o dropping below the "L," is this it? ----EDIT----- Or where these not full swings, i.e. not pronounced or a 'full' move as someone once mentioned? ---EDIT2----- I'm in the long on the E/J

I guess I think I answered my own quesiton in the picture. I really was looking at a 1hr chart and this seemed to stand out a bit more to me.

As with the post I posted about the nature of a BO, what was it about this one that immediately moved so well? Is it just chance/coincidence that this BO you chose moved so fast so quickly, or was there something else to it? What made you pick the BO point that you did, and not maybe an entry above at 134.62 or so? Where you not worried about that 134.34 level to the left acting as support?

Of the ones in the picture, these two triggered an entry. The U/C didn't really follow through, but in hindsight the short probably wasn't well advised based on the recent uptrend. This wasn't a full "With-Trend" type of entry. The G/C moved just shy of 60 pips after BO, so plenty of room to take profit. This was more of a "With Trend" entry as you can see if you plot out the swings on a 1Hr chart for example.

Not trading any of these but I think they look interesting nonetheless if they trigger.

I have a general question about the nature of a break that occurs at a resistance level with regards to intra-day trading of various futures. Since it is a breakout, doesn't that usually imply that there will be some extreme change in market conditions/sentiment, i.e. many people that had some assumption about the market holding at some level where wrong(with their stops), and possibly others have also decided to jump ship at that point as well...... I.e. at certain points there are many stops and entries waiting there that eventually triggers more stops to both exit and initiate positions after the BO. Which I assume is the point where we see moves like this? I threw volume up there just to show the change in dynamic of buying and selling. If you look through any chart, you'll see moves coming out of various levels and swing points that show that straight vertical type of movement in price. Based on all of the above, would it make sense to not require large stops? Is there a specific criteria in pace that one can look for to see if a trade after being triggered is worth holding, or cashing out quickly and just waiting for the next break?

Holy smokes!! As I was posting this, trade triggered, P1 on G/J was hit nicely. Price is just in front of P1 on E/J. Since I moved the stop on my E/J to BE, and it is right in front of my P1, I'm considering pulling a "Gabe" and cashing out half of the E/J. That's not a joke as I've had a not so good week so far As of now all remaining positions are right in front of BE. -----EDIT------ Aweee man. All of E/J stopped a few pips better than BE. And G/J came up and tagged that stop better than BE too. In hindsight, I wished I'd have managed that one differently.

Interesting looks at some charts I'm getting in, let's see how they pan out.

I papered that one. Althoguht my targets where 34.10 and 33.90 why where you looking for such generous targets? Was it just due to the momentum, or did you set it up that way to start? Excellent trade!!!!

Good question, I almost did and almost posted a picture. The short side makes more sense given the downtrend. The E/U I figured was right at the 50% retracement and might favor good probability for a long, but as of right now I am getting smoked. The G/J looks to be setting up for a possible short. ----EDIT----- Stopped on E/U

I like 2 of the 3. The white chart is the G/U, but I can find a stop/target situation that looks favorable. The E/J and E/U look alright. -----EDIT------ And with that uncomfortable decline, I am pulling my E/J buy stop, not entering. Haha, usually this happens AFTER I enter the trade.

I think this is a good idea. It will seem weird at first, but even the act of deleted everything is a somewhat liberating experience.

Stopped quickly, at first redline.