Here's the 6N (Kiwi futures)
Not traded due to posting. See what happens when you devote too much time to helping others lol. You miss out yourself. My wife won't be happy. No new shoes this week.
Regards
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Disliked{quote} You're welcome matey! Here's the 6N (Kiwi futures) Not traded due to posting. See what happens when you devote too much time to helping others lol. You miss out yourself. My wife won't be happy. No new shoes this week. Regards {image}Ignored
DislikedBTW Steve, thanks for the time spent here trying to help myself and others. And I do feel sorry about your wife's shoes Regards, MichaelIgnored
Disliked{quote} They may get attention. From my experience trading short-term Michael, the later the better. It's easier for a trader to remember what happened 20 mins ago rather than 2 days or weeks or months ago. {image} Notice price at #1 responding to a previous bid/offer level from yesterdays trade. You see from the uptick today at that level, we KNOW there were buyers there. On the way down through that level though, it went straight through #2. What does that imply? Quite simply, there are no buyers willing to do that anymore. We have this asset...Ignored
Disliked{quote} what happens the rest of the day? do I still look for buying opportunities ? {image}Ignored
Disliked{quote} A-O, not sure if you're addressing me in particular. But i can at least tell you how i handle things myself. Whatever i do in terms of execution, whether that be initial entry, adding on, taking off, i do it through market feedback. Which essentially means that the market dictates what i do and not the other way around. If i am imposing myself on the market expecting it to bend to my wishes i will be given a rude awakening. There will be times when you should be going all-in all-out. Other times, adding onto a profitable trade will pay further....Ignored
DislikedJust a caution: That red line you've drawn should be used to offload shorts or liquidate, not pick the floor in the market long. It's a common mistake most make when trading S/T. If you're a seller you're getting paid from the top, so the sell side is the money maker. I'm not saying you cannot do quick scalps long, but its AGAINST trade. I would use your red line to liquidate rather than initiate from. As short-term traders, we are trying to work the 'right side' of trade. Why? It's just easier, you get paid quicker and you take less heat. If you're...Ignored
Disliked{quote} It was a question for all traders here. Risk:reward is nice when it works. But the reality is it often chops around so I'm faced with many small losses and it's better to use a compounding factor.Ignored
Disliked{quote} And now you lost me...... why is it AGAINST trade buying the break at red line. Bias is up, we've been shown by price that it wants to go further. If not there where is the best place to enter ? {quote} Yes, BONDS, at times I look at futures. I need to refine my entries a littleIgnored