IncreaseNow's "Sell/Short" Futures Journal

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.

Quote from increasenow:

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

here...
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Quote from Fireplace:

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

Quote from increasenow:

yea, at 12:18pm EST it is looking like it is going to break the 3.7700 and head south from there?
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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...
 
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)
 
Quote from increasenow:

hard, hard trading day...lost $366.00 !!!....did make my first winning soybeans trade for $37.50...
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Post entries/exits so we have some idea wtf you're doing. Otherwise this is you talking to yourself.
 
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.
 
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