Live Indices Trades

[firewalker 10]

Lets see if any of the rise was Oil assisted...its up...$4.5 from its lows today...

heading up to $131 at the high for the day...

 

wow I didn't realize it was that volatile lately

the papers were all over it when it dropped 4$, they only just got their articles printed :o

[firewalker 10]

looks like small hinge is forming

 

[firewalker 10]

NQ short 1990, stop 1991.50.

 

out -1.50.

[Phil Mibbutz 10]

As predicted! -12. Bounce from 500, probably, but I won't be trying again today.

 

Amazing how often you can be right when it doesn't matter!

[firewalker 10]

Amazing how often you can be right when it doesn't matter!

 

good call, but what's so special about 500 that I'm not seeing?

[firewalker 10]

FW agree Dow target...12465 still looks possible...

 

It looks like we took a small 'detour' back to 560-570...

 

but we still have 2 hours left before the finish line!

 

price seems stuck between 510-570 though

[Phil Mibbutz 10]

good call, but what's so special about 500 that I'm not seeing?

 

Nothing magical, but I reckon all the big round numbers tend to have more psychological significance, and 12500 had been a pivotal or 'congestion' area before. If I'd been watching the 1m chart live I might also have been encouraged by a pin bar and volume spike.

With hindsight, I'm sure I could have drawn some lines that would provide all sorts of confirmation, too, but isn't that always the case!

btw. Im curious that you seem to be using 10pt stops recently. Is this a permanent plan, or does it depend on circumstances?

[firewalker 10]

Nothing magical, but I reckon all the big round numbers tend to have more psychological significance, and 12500 had been a pivotal or 'congestion' area before. If I'd been watching the 1m chart live I might also have been encouraged by a pin bar and volume spike.

With hindsight, I'm sure I could have drawn some lines that would provide all sorts of confirmation, too, but isn't that always the case!

btw. Im curious that you seem to be using 10pt stops recently. Is this a permanent plan, or does it depend on circumstances?

 

I never paid much attention to round numbers per se... but then again 450 was nice yesterday.

 

Ah someone noticed my revised 'tight stop' strategy

Yes, I put my stops closer than 20 points now. Primarily because I only take the entry if I can get it where I want it. If not, I usually skip the trade. Otoh, I must be careful not getting stopped out for 1 or 2 ticks.

 

Another reason is that lately there have been more 100-150 point range days than 300-400 that we had couple of weeks ago. That warrants a tighter stop imo, volatility has cooled down a bit.

[Phil Mibbutz 10]

I never paid much attention to round numbers per se... but then again 450 was nice yesterday.

 

Ah someone noticed my revised 'tight stop' strategy

Yes, I put my stops closer than 20 points now. Primarily because I only take the entry if I can get it where I want it. If not, I usually skip the trade. Otoh, I must be careful not getting stopped out for 1 or 2 ticks.

 

Another reason is that lately there have been more 100-150 point range days than 300-400 that we had couple of weeks ago. That warrants a tighter stop imo, volatility has cooled down a bit.

 

I know that you're trading with a proper futures broker, but with spread betting 12-15pt is really the tightest initial stop you can use on their contrived 'Dow Cash' markets. Having said that, as I've been doing dismally on indices recently.

The only good news for me today was going long on Brent crude at 127 and being 350 pips up now, with 250 locked in, a trade placed after about a minute squinting at a chart!

[firewalker 10]

I know that you're trading with a proper futures broker, but with spread betting 12-15pt is really the tightest initial stop you can use on their contrived 'Dow Cash' markets. Having said that, as I've been doing dismally on indices recently.

The only good news for me today was going long on Brent crude at 127 and being 350 pips up now, with 250 locked in, a trade placed after about a minute squinting at a chart!

 

yes oil has been volatile, so I've heard

well done :applaud:

[Foale 10]

Well done Phil you should have posted it on the Commodities thread next to my 59 cents...profit...

[Phil Mibbutz 10]

Well done Phil you should have posted it on the Commodities thread next to my 59 cents...profit...

 

Thanks, Foale, but surely you realise that I'm committed to posting only losing trades on TL. :o

[Foale 10]

Long FTSE 6097

[Soultrader 12]

short DAX 70725

stop 70780

 

will post chart shortly

[Soultrader 12]

Exit 1: 70685

stopped at b/e on final

 

 

[Soultrader 12]

Exit 1: 70685

stopped at b/e on final

 

 

[Soultrader 12]

Flip trade

 

Long DAX: 70785

Stop: 70740

[Soultrader 12]

Flip trade

 

Long DAX: 70785

Stop: 70740

 

Exit 1: 70840

stop move to b/e

[Soultrader 12]

Exit 1: 70840

stop move to b/e

 

out rest at 70830... some resistance here.

[Soultrader 12]

out rest at 70830... some resistance here.

 

[Soultrader 12]

Short DAX 70790

Stop 70835

[Soultrader 12]

Short DAX 70790

Stop 70835

 

Stopped out here.

[Dinos 10]

Short FTSE 6103, 1st target 6090, then (hopefully) gap fill to 6070, stop 6113

[Dinos 10]

oh dear

[firewalker 10]

Nice to see everybody so active here! This forum is almost running 24/7.

 

Thanks for contributing Soultrader, how refreshing compared to our previous site manager who didn't seem interested in 'trading'!