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firewalker

Live Indices Trades

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basicly made a school boy error. On ES when there are two micro value areas close together then ES will take the middle of the two. I took my eye of the ball and took the first value area without looking at the one above. Once i realised it was too late. So i reversed my stop for the short of 31.50

 

31.25 being the price i should of shorted in the first place if i wasn't too busy eating a baked potato :)

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If you don't mind me asking... How many minutes do you need to determine where value has developed itself?

 

Depends, it's an art not a science. I know that isn't the answer you want to hear, but thats how it is.

 

The way i see it, reading developing value in the market and trading on it is like teaching someone how to read the tape. You've just got to put the screen time in to learn it properly. It can't be put into a box

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Survived that by the skin of my teeth 814 low (so far). I expect big rises next week. After a 1200 point fall, gotta go back to 12400 ...

 

You have to be open for everything I guess, but where would that rise come from?

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Hey ho...

 

going into today, first areas that i'm looking to take a swing trade off are 1329.50 and 1319. From where the market is now i'm looking to short 29.50 and get long off 1319. If these points aren't reached then i'm just gonna be scalping of developing levels as usual. Graph below of the two levels on the profile.

 

MP.png

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Hey, sorry these aren't live, been having a big debate in the office with my brother about scalping and trend following... long story...

 

Anyway, had a long in C period just after the period opened from 20.75. The reason why i took it is because (as you can see on the chart) when we made the lows in the inital balance during B period, this market was swiftly rejected. Then when C opened we had over 3000 sat on the bid at 1320, plus with having micro value above in A period at 1324, chances where high for a move to the upside for the short of 1324. Bought 1320.75, boosted it for 2pts, then shorted 1324 for 2pts. Graph below. +6pts ES so far. Might call it a day.

 

MP_2.png

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is the food indicative of profits earnt...

 

average day....Baked potato

good trade .... Steak

 

Loss ....force yourself to eat a salad

Bigg loss Force yourself to eat a quiche.. lol

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