IncreaseNow's "Sell/Short" Futures Journal

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

  1. Good trading!

    If I may be so bold, how did you know to short on the first trade, where price would have to break a previous swing low to be profitable? I would have waited a bar or two, seen price move up and away from that swing low, and gone long. Obv the wrong move, so that's why I'm asking for your wisdom..
     
    #821     Mar 30, 2010
  2. thanks!
     
    #822     Mar 30, 2010
  3. thanks...first of all, there are way more profitable and experienced traders than me...SPD, Fireplace, NoDoji and on...for me, I notice a 'tap at the low' at about 4:30am or so, with RTH opening at 8:30am CST, I entered at the very beginning of that blue bar up...I did not bail as thought it would retrace to hit 4:30am low and even further than that as equity markets were open...it looked for sure that it had more downside...that is why I personally did not bail...
     
    #823     Mar 30, 2010
  4. Yes, finally! :)
     
    #824     Mar 30, 2010
  5. spd

    spd

    Well done Incy.


    PLEASE keep working with Swiss Francs.
     
    #825     Mar 30, 2010
  6. thanks spd!
     
    #826     Mar 30, 2010
  7. a couple questions for all the readers...if you were to solely focus on the Swiss Franc (6S) during RTH...

    I know a lot of these questions are subjective considering many factors, but, interesting to know:

    *what is a realistic point 'per day' target as the SF has a 90 point daily range?...10,20,30...50?

    *would you trade it after 11:30am EST?..I am thinking I should not be trading it after 11:30am EST as volume thins and so does movement

    Thanks!
     
    #827     Mar 30, 2010
  8. spd

    spd

    *Take what the market gives you, dont force a trade any longer than you need to trying to get a set number of points per day. You caught a respectable chunk of both of those moves down this morning, just keep working on that. Consistency is key, with good trades come good numbers of points, concentrate on the trades.

    *I, personally, dont like trading anything after 11:30am EST. At 10:30am EST I start getting wary, but will take trades if they set up nicely. It always seems like the afternoon is where I give my money away to strangers. Thats just me though, maybe others can provide some late afternoon trading insight.
     
    #828     Mar 30, 2010
  9. NoDoji

    NoDoji

    Inc, I know nothing about Swiss Francs, but since I enforced a rule not to trade after 11:30am, I don't think I've had a losing day!

    spd, where are you?? I need you to get on Skype and hold my hand trading CL live. I made $821 simbucks today and as usual IB won't let me transfer them to my live account :D
     
    #829     Mar 30, 2010
  10. thank you very much...agreed
     
    #830     Mar 30, 2010