Futures blog, GB

Trendlines, patterns and wave volume.

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

 

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

 

Conflicting signals. SHould be clear in 1.5hrs from now.

 

Long entry on ES at the trendline.

 

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.

 

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.

 

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

 

Good long entry for ES now.

 

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.

 

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

 

tgt 6603.

 

out...not going to make that low tgt.

 

Reached it, though it laboured to get there...then took off again. Captured part of it.

 

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

 

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.