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The Consensus View I think most of us would agree it is valuable to understand the consensus view of positioning in the markets we trade. Whether you are a intraday trader, intermediate term trader or long term trader knowing what the herd thinks can present some interesting profit...

We did trade up to the 4245/50 area. I am out of my longs. This area up to 4285 is much more likely to give us the move down. Watch for the daily high to be tested in tonights Asian session, likely a head fake up then down the rest of the week. But who knows. Trade em like you see em. I am...

I think we will bounce hard off the 4175 River level. If we move and settle below. Down she goes.

I posted this a little late. Sorry. I try not to "think" to much.

Trying to keep you sharp:)

Look to set shorts on any move up toward the red zone.

Look for an opportunity to set up shorts if we build value and move below the 1.0250 zone. Target is south of 1.01 dependent on volatility if we do in fact move down ever again.

Thanks. Sounds like you are doing very well for yourself.

I used to do the same thing. I made a decision some time ago not to let the spot values influence my decisions. It is hard because I realize they actually do influence futures traders. I just started missing good trades because of information overload.

Are you just posting this for info? I trade electronically on globex not pit traded.

....... price moved back down over the last hour. We are now trading at 2.0374. My stop or low tide level is now at 2.0370. Just to give you a feel for how I do it.

I use a methodology that updates every hour. What I do (normally) is close a trade if price "settles" below my dynamic level. It fluctuates based on volatility. Likewise, I will follow it upwards also, sort of like a trailing stop. I try to use the logic that price needs to be in a certain...

SFZ07 Swiss Franc, CME Here is the opening tide trade for the 10/8 NA session. Price moved down to 8489. Longs set at 8489. Target 1 = 8529. Target 2 = 8568. SF is a good vehicle in my opinion. Especially for those just getting going. Volatility is adequate but not usually...

Here's a trade I am watching for today's NA session. Price is currently at 1.4090. If price moves down to 1.4086, then set longs and target 1.4180. You can also use 4136 as a target to take off 1/2 or 2/3.

Here's a possible trade for the NA session Price is currently at 2.0386. If price moves down to 2.0373, then set longs and target 2.0456. If price moves up to 2.0406, then set shorts to 2.0325.

Simple is good. What are your entry and exit criteria for this methodology? I am assuming you have a generous risk limit to trade this way.

Realist, Good luck with your trade. I think we need to move down but who knows. If we can build value below 1.4049 area, then I think we may ultimately move down to the 1.3563 area. There is a lot of wood to chop on the way though. On the other side of the coin is the longer term...

Yes. Please don't tell them where I am.

Good call on this one nik. Buying tail with lots of short covering on the way up = nice trade.

NICE.