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The transition to Futures trading

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fiftyeight said:
Wow, short on the SPI at 72 with a stop now at 32. By far my best attempt
Click to expand...

Far out! What the heck is going on with the Aussie market recently.

Good work 58. That is an impressive effort.

Cannot believe how much this has moved recently. I'm spewing. I considered taking a position trade at 5,597 on the 10th September. I remember the exact number! GRR.

This, along with the FTSE trade I profited on, really makes me see how beneficial it is to pull the trigger in those spots. The RR is MASSIVE.

I was also looking at the DAX on 22nd September at around 9800 at what looks like a little false break at previous resistance. I couldn't justify 100 points risk ($3,700?).

Part of my strategy going forward is to pull the triggers in those spots. If I'm making a lot of points in between, I can afford to risk a little more to get on at the top/bottom of a good move. This HAS to be the strategy.


FTSE position trade made about $6,000 I think.
SPI one would be up around $10,000.
DAX one would be up over $20,000.


This is so exciting.

I need to be looking at these types of trades across these markets.

Would have been more than happy to have lifted all of them now. Even if further downside movements are ahead.


The best thing is that these aren't all hindsight moves. They are there to be seen in real time, with proper contextual analysis. It is simply a matter of incorporating it into the strategy and being willing to take the risk in those particular places. Sometimes with good, low risk setups (e.g. my FTSE one was 5 points risk and it took off from an intraday trade and I left it) but sometimes needing to take a little more risk with profits made at other times.
 
Haha maybe I am missing something as usual. My initail risk was 5 points. No way would I risk 60 points.

I have a plan this arvo if im free and there is another smaller push down. Lets see what happens
 
fiftyeight said:
Haha maybe I am missing something as usual. My initail risk was 5 points. No way would I risk 60 points. I have a plan this arvo if im free and there is another smaller push down. Lets see what happens
Click to expand...

That's what I thought.
I didn't know what he meant by 1:1 RR
 
pavilion103 said:
That's what I thought.
I didn't know what he meant by 1:1 RR
Click to expand...

Ahh sorry, my bad. I don't have a chart so I thought your initial stop was 60 odd points away from your entry...
 
Short 1 contract @ 6526 in the first 30 seconds of trading with an initial 6 point risk. Felt I needed to get in very aggressively. It was too risky to take 2 for me. Wish I had as price smashes down!
 
Added a second @ 6506, stop 6511.5

An aggressive addition but I think worth it in this spot. We'll see.
 
Nice work. Misssed the open unfortunately but not sure I would of got on anyway. Now short at 96.5

With your postion trade how did you handle the bigger moves against you?
 
quietly watching the DAX trap some shorts...
 

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fiftyeight said:
Nice work. Misssed the open unfortunately but not sure I would of got on anyway. Now short at 96.5 With your postion trade how did you handle the bigger moves against you?
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Not sure what you mean?
I closed out of my big position trade the other day.
I've always got fairly specific things in mind that I look for in terms of exit. If not I told. Not too much thinking involved.
 
CanOz said:
quietly watching the DAX trap some shorts...
Click to expand...

It's killing me, these swings are doing my head in, although I do have no idea what to expect, half expecting it to run but keep getting screwed when I try and jump on. Always the wrong way
 
kid hustlr said:
Really strange open? TH do you see that very often, 4 very similar volume bars on the open quite rare?? <img src="https://www.aussiestockforums.com/forums/attachment.php?attachmentid=59723"/>
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I noticed this too. Not sure I've seen it before!
 
Yeah that was not very clear sorry. The chart you posted yesterday, it had a move against you of 75 points I think.
 
Well there was your chance Sam, now you can get it on the break or the retest...
 
CanOz said:
Well there was your chance Sam, now you can get it on the break or the retest...
Click to expand...

Ahh I just don't know how to trade days like these, just always seem to be wrong and chasing my tail. Looks like its going one way, enter, get slammed, stopped out, waaaaaaaaah
 
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