IncreaseNow's "Sell/Short" Futures Journal

Discussion in 'Chit Chat' started by increasenow, Feb 22, 2010.

  1. here it is...actually, kinda looking like it might be a good short at 3.7700??

    here...
     
    #211     Mar 2, 2010
  2. This looks likes a classic waning volume down move. The prior leg down occurred on increasing volume. A retrace then occurred (price attempted to go higher follwing the down leg) and the following attempts to sell off lower show increasing volume BUT not so much as compared to the volume of the prior leg down. The first part of the trend, down volume was increasing, the next attempt it was 'waning'.

    Proceed short with much caution in these situations. If volume picks back up and is increasing again, look for signals to sell the next retrace.

     
    #212     Mar 2, 2010
  3. yea, at 12:18pm EST it is looking like it is going to break the 3.7700 and head south from there?
     
    #213     Mar 2, 2010
  4. 'Looks like' is not quantifiable. You need specific rule sets.

     
    #214     Mar 2, 2010
  5. done with trading for today...good to finish the day 'in the green $$'...learning something, some of my worst trading is after 11:30am EST...hmm...gonna try and be done trading by 11:00am EST each day...
     
    #215     Mar 2, 2010
  6. pumped to trade tomorrow...got the following up for study:

    Euro
    Aud
    GBPound
    SFranc
    JYen
    Cad
    Corn
    Soybeans
    Wheat
    mini Russell 2000 (like the tick value...like gold)
     
    #216     Mar 2, 2010
  7. hard, hard trading day...lost $366.00 !!!....did make my first winning soybeans trade for $37.50...
     
    #217     Mar 3, 2010
  8. Post entries/exits so we have some idea wtf you're doing. Otherwise this is you talking to yourself.
     
    #218     Mar 3, 2010
  9. What is your edge?
     
    #219     Mar 3, 2010
  10. yes, show the execution report. Copy it and post it, like you did with your charts. The help you may receive will help you a lot more than what you are currently getting.
     
    #220     Mar 3, 2010