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Trading the XJO with CFDs

Discussion in 'Derivatives' started by Uncle Festivus, Jan 23, 2007.

  1. Joules MM1

    Joules MM1 ....everything has an art

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    a move back above yesterdays cash high would be a good qualifier to hold small size overnight
    when honkers opened it took a small hit then began to climb, the euro/us scene not as impactful in asia

    risk defined
    xjo risk defined 180719.png
     
  2. Joules MM1

    Joules MM1 ....everything has an art

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    not surprising a compressed dont-wanna-do-anything sesh

    that means we'll skid south when the cash is closed unless euro zone goes bid

    hanging onto dax sell
     
  3. Joules MM1

    Joules MM1 ....everything has an art

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    ha, no sell, with the bid

    price doing all the talking, sentiment remains rank to the sell side, much further to go north

    xjo refuses to sell onights 190719.png
     
    cynic likes this.
  4. Joules MM1

    Joules MM1 ....everything has an art

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    technical analysis is often a like Larsen

    t a karate.png

    #ratio #rotation >6600 zone

    xjo 1618 ratio 220719.png
     
    StockyGuy likes this.
  5. Joules MM1

    Joules MM1 ....everything has an art

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    it's a bull

    xjo wedge 1-1 rotation post Draghi onight 260719.png
     
  6. willoneau

    willoneau

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    I was interested in looking at trading share CFD's with Commsec until i read about the over night 2% fee.
     
  7. Joules MM1

    Joules MM1 ....everything has an art

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    on a down day today
    we're in frothy territory but unless/until the current daily upchannel snaps these swings remain constructive bull trend activity
     
  8. Joules MM1

    Joules MM1 ....everything has an art

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    was a good day to sit on a short with zero signals for a long, however the dees 2018 channel is not (yet) broken even with a throng of retail voices calling a top
    $xjo

    a protective sell after a new altime high (which itself doesnt mean squat) with a strong sell in the US would appear a normal set-up - not a bear market - and very few ever pick a top that hails a bear market - understanding the difference defines hanging in too long and selling (equities) too early

    a little bone of contention about channels
    the whole gist of two lines to draw a channel is to isolate where and when to exit, but it misses the construct of a trend, to get to that construct one must define how the construct is - well -constructed
    and to do that we must first define that a channel is not point a to point b alone, it is from the confirmation point to the next confirmation point, therefor this channel is taken from the first significant pullback that becomes the confirmation that the upside has a reliable construct and the base of the channel has two further confirmations, price may and often does exceed the roof of the channel but it should not close below the channel floor in the space of 2 bars (yesterdays open and todays close)
    if we were to take the channel from the first price then we do not have any consistancy or evidence that we are doing anything more than picking an ongoing random price above the entry point so there is no reliability and it negates any value in trying to "box" what price is doing

    xjo channel 050819.png
     
    just_jay likes this.
  9. Joules MM1

    Joules MM1 ....everything has an art

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    snapped out of the channel in a major bull run

    money on the bid side at this mornings low, but, not a great time to be precious on any moves
    a 33% kick back would be a normal rip...sloowww rip

    xjo btfd 33s 060819.png
     
  10. just_jay

    just_jay

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    @Joules MM1 what do the green lines, green dots and blue arrows on your chart represent?
     
  11. Joules MM1

    Joules MM1 ....everything has an art

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    arrows = buy to open (or sell to open)
    green lines are sell to close (i use to mark them on all charts as 'arrows=BTO')
     
  12. Joules MM1

    Joules MM1 ....everything has an art

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    xjo btfd 33s reload w cash 060819.png
    the players who caused the most recent move are done

    xjo btfd 33s reload w cash ii 060819.png

    lol, timing
    xjo btfd 33s reload w cash iii 060819.png
     
    Gringotts Bank likes this.
  13. Gringotts Bank

    Gringotts Bank

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    All is well if the trade balance news causes a rally. I don't feel it will though. Good news that is heeded signals market health and balance; good news which is ignored is bearish, as you know.
     
    Last edited: Aug 6, 2019
  14. Joules MM1

    Joules MM1 ....everything has an art

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    first basic % roll up is passed, short covering en mode and quiet accummulation when supply dries up

    cat on a hot tin roof approach ....but lean into it when allowed

    xjo btfd 33s reload w cash iv 060819.png
     
  15. Joules MM1

    Joules MM1 ....everything has an art

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    all out 81's
    trapped under the 27.2 bus

    slaved by a sagging honkers
     
  16. Joules MM1

    Joules MM1 ....everything has an art

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    someone might find this an interesting research
    wolfe wave in $spx

    xjo w spx WW set-up review 060819.png
     
  17. Joules MM1

    Joules MM1 ....everything has an art

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    trapping game ......honkers catches a bid

    xjo btfd honkers catches a bid 060819.png
     
    peter2 likes this.
  18. Joules MM1

    Joules MM1 ....everything has an art

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    and a follow-thru sell signal
    price almost hits the 38.2 on a simple ABC where C = A at 100% (ratio of 1:1 symmetry)

    xjo btfd 33s reload w cash iv ABC ratio 060819.png
     
  19. Joules MM1

    Joules MM1 ....everything has an art

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    failure to get an impulsive bid or break basic 38.2% return, prints a simple abc against the downswing, allows for small overnight sells to remain......clearly we have broken the channel i've been listing, so now have a basic sideways/downward swing that is correcting a very strong bull leg

    one should be aware of conversations that serve to set-up emotive logic
    account killers
     
  20. Joules MM1

    Joules MM1 ....everything has an art

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    bitcoin cfd is on another bull tear ....nice, very good constructive trend
     
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