Took a 1 point loss today which is around $ 50. Very hard to get into a safe trade on either CL or ES since bars are so far apart that I can't use a reasonable stop and the spread is wide so if you were to go market long or short, you are giving up too much spread between bid and ask. I had to use limit orders to try to stop out correctly rather than letting my stop get hit. I think I need to wait for slow days again. Hope some of you can trade this shit.
News Trading using Futures
- Thread starter oraclewizard77
- Start date
Hahahaa, slow days again in ES? You're a funny guy! You think the ES will get back in slow day mode again in our lifetime? Whoop, yer a hoot! Thanks for the chuckle.
Seriously, man, the days of ES pre-Powell like in 2017 are over forever. Just over, man.
https://www.bbc.com/news/world-asia-china-62402961
"The size of China's economy means that disruption in a crucial market - like property - can affect the global financial system."
This is not a short term trade. Instead right now I am in cash that I will redeploy to BTC after we get at least a 20% to 40% retracement in financial assets.
"The size of China's economy means that disruption in a crucial market - like property - can affect the global financial system."
This is not a short term trade. Instead right now I am in cash that I will redeploy to BTC after we get at least a 20% to 40% retracement in financial assets.
Today, the SEC filed civil claims against http://Binance.US in what is the latest example of regulation by enforcement under the current Commission. To be clear, we believe the lawsuit is baseless and we intend to defend ourselves vigorously. However, we want to address what has become an all-too-common occurrence for entities and individuals operating in the American digital assets industry. For nearly two and a half years, http://Binance.US has engaged in good faith with the SEC. All along, the objective of our engagement has been consistent: work constructively toward a clear, practical regulatory framework that enables businesses like ours to grow, create jobs, and provide American consumers safe access to digital assets.
To be safe I did withdraw all my assets from Binance.US and send them to my wallet. It did take a little bit of time, but it worked. As far as I can tell you can still buy BTC from this company and then wait awhile and transfer to your wallet. I currently have BTC and ETH in my wallet. I will hope that there will always be a way to buy BTC and ETH in the USA going forward.
2 oil stories.
The 1st is
oil dropping due to low gas demand.
2nd is war impact on oil prices.
The 1st is
oil dropping due to low gas demand.
2nd is war impact on oil prices.
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So we can see from the following chart, oil shot up due to war between Israel and Hamas. I was looking to try to scalp some short profits on descending triangle and pull back due to low oil demand.
Really 1st trade, we could have taken more profit. 2nd trade was to try to reach current goal of at least making $ 100 per day.
Our next goal would be to try for $ 200 per day. I plan to just practice setups on Mondays in order to try to make less mistakes and wait for only good setups.
As you can see, there was a triangle break out to the upside after I finished my 2 trades. If you got stopped out, you could choose to reverse or just wait till later in the night or next day for another setup.
Really 1st trade, we could have taken more profit. 2nd trade was to try to reach current goal of at least making $ 100 per day.
Our next goal would be to try for $ 200 per day. I plan to just practice setups on Mondays in order to try to make less mistakes and wait for only good setups.
As you can see, there was a triangle break out to the upside after I finished my 2 trades. If you got stopped out, you could choose to reverse or just wait till later in the night or next day for another setup.
https://finance.yahoo.com/news/us-stocks-wall-st-falls-155206584.html
We have some news that was causing downward pressure on stocks. You want to be able to look at a chart and see where you could go short or long. I normally will watch a chart for awhile, then take a break, then look at it again. Also you can set some price alerts to notify you when a level is hit in case you are doing something as long as you keep your chart software open. Your goal should be to take the same number of trades on a winning day as a losing day. Don't do 1 wining trade on a good day, and 9 losing trades on a bad day. If you have a high win %, you could do equal risk vs reward for each trade. On a lower win%, you should try around double reward for risk.
We have some news that was causing downward pressure on stocks. You want to be able to look at a chart and see where you could go short or long. I normally will watch a chart for awhile, then take a break, then look at it again. Also you can set some price alerts to notify you when a level is hit in case you are doing something as long as you keep your chart software open. Your goal should be to take the same number of trades on a winning day as a losing day. Don't do 1 wining trade on a good day, and 9 losing trades on a bad day. If you have a high win %, you could do equal risk vs reward for each trade. On a lower win%, you should try around double reward for risk.
https://www.reuters.com/markets/com...nsions-higher-us-crude-stockpiles-2023-10-26/
Both the stock market and oil are impacted by negative news today. In the morning, this is what I look at before trading. The reason being it gives me some bias as to what direction I want to trade. So for example today, my goal was to take TA and PA short trades.
This is my win% for last 2 weeks, however, I should have let some of my winners go longer.
Both the stock market and oil are impacted by negative news today. In the morning, this is what I look at before trading. The reason being it gives me some bias as to what direction I want to trade. So for example today, my goal was to take TA and PA short trades.
This is my win% for last 2 weeks, however, I should have let some of my winners go longer.