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Futures blog, GB

Discussion in 'Trading Strategies/Systems' started by Gringotts Bank, Apr 11, 2018.

  1. Gringotts Bank

    Gringotts Bank

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    Trendlines, patterns and wave volume.

    Markets are going sideways. Expecting an upwards explosion at some point.
     
  2. Gringotts Bank

    Gringotts Bank

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    Oil, flag breakout on 2hr but already overbought. Hard to know what to do.
     
  3. tech/a

    tech/a No Ordinary Duck

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    What are your trading rules?

    You shouldn’t have to question any pattern or set up?

    Obviously you’ve tested all ideas your placing in your Thread/blog.
     
  4. Gringotts Bank

    Gringotts Bank

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    Conflicting signals. SHould be clear in 1.5hrs from now.
     
  5. tech/a

    tech/a No Ordinary Duck

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    So the rule is act on signals that are in sinc
    So if oil is overbought your looking for short plays?
    Markets can remain over bought or sold for ages.

    What are you looking for?
     
  6. Gringotts Bank

    Gringotts Bank

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    Long entry on ES at the trendline.
     
  7. Gringotts Bank

    Gringotts Bank

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    Just what I said at the start. Trendlines, patterns and wave volume. When a market is 'unwound' from accumulation or distribution, I consider it overbought/oversold. When it's unwound, the chance of an opposite direction trade is better.

    I should be able to get 60% wins, so roughly 4% risk per trade is probably alright. Maybe a touch on the high side but YOLO.
     
  8. Gringotts Bank

    Gringotts Bank

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    The 5 min AUS200 is resembling the 2 hour. So whatever happens on the 5min will probably play out on the higher TF.

    3 rising valleys. Expect higher.
     
  9. Gringotts Bank

    Gringotts Bank

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    Perhaps a short here on CL - not much meat on the bone though.
     
  10. Gringotts Bank

    Gringotts Bank

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    Good long entry for ES now.
     
  11. CanOz

    CanOz Home runs feel good, but base hits pay bills!

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    Are you totally ignorant of the geopolitical threat to oil shorts or do you really believe its all in your charts??
     
  12. Gringotts Bank

    Gringotts Bank

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    You keep taking a turn to nasty town. What's wrong with you? What the hell did I do to you, or Julian for that matter? That dick is on ignore and you're close.
     
  13. CanOz

    CanOz Home runs feel good, but base hits pay bills!

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    Sorry, GB. It just gets under my skin to see a trader willing to put on a trade that could be quickly evaporated by a single news announcement. I just don't want to see you cook an account for this reason.
     
  14. Gringotts Bank

    Gringotts Bank

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    Alright, clean slate. I'm not trading anything like the size modest is. Guaranteed stops.
     
  15. Gringotts Bank

    Gringotts Bank

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    tgt 6603.
     
  16. Gringotts Bank

    Gringotts Bank

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    out...not going to make that low tgt.
     
  17. Gringotts Bank

    Gringotts Bank

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    Reached it, though it laboured to get there...then took off again. Captured part of it.
     
    Last edited: Apr 13, 2018
  18. Gringotts Bank

    Gringotts Bank

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    Looking for a break above the early April highs (Aus200 and Wallst). If that hapens a big run might follow.
     
  19. CanOz

    CanOz Home runs feel good, but base hits pay bills!

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    I wouldn't be surprised if the big money waits on geopolitical issues to settle somewhat...watch the volume.
     
  20. Gringotts Bank

    Gringotts Bank

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    With your brokers, are you able to trade a 17 point move on CL? IGs spread is currently 3 points, making it impossible. And I just missed that obvious move. They see an obvious line and it widens to prevent entry.
     
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