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The Italian Job


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The Italian Job

  #411 (permalink)
 
redratsal's Avatar
 redratsal 
Milan (I)
 
Experience: Advanced
Platform: Ninjatrader
Broker: Kinetick
Trading: FDAX,6E,CL,YM,NQ,ES
Posts: 1,648 since Oct 2010
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It's going to be a tough day, don't know if I am going to trade

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  #412 (permalink)
 
redratsal's Avatar
 redratsal 
Milan (I)
 
Experience: Advanced
Platform: Ninjatrader
Broker: Kinetick
Trading: FDAX,6E,CL,YM,NQ,ES
Posts: 1,648 since Oct 2010
Thanks Given: 1,215
Thanks Received: 2,090

No trades for today

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  #413 (permalink)
 
forrestang's Avatar
 forrestang 
Chicago IL
 
Experience: None
Platform: Ninja, MT4, Matlab
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redratsal View Post
No trades for today

Did you mean nothing yet? Or did you just decide due to FOMC and all the other shenanigans that you are not trading today?

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  #414 (permalink)
 
redratsal's Avatar
 redratsal 
Milan (I)
 
Experience: Advanced
Platform: Ninjatrader
Broker: Kinetick
Trading: FDAX,6E,CL,YM,NQ,ES
Posts: 1,648 since Oct 2010
Thanks Given: 1,215
Thanks Received: 2,090


forrestang View Post
Did you mean nothing yet? Or did you just decide due to FOMC and all the other shenanigans that you are not trading today?

Thanks for pointing that out forrestang, I will not trade as long as the markets are having such volatility, waiting for things to calm down. I don't like to trade under extreme conditions, I assume markets in these days will be pretty much trendy up or down, no good for my counter trends and 5000$ stop management.

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  #415 (permalink)
 
redratsal's Avatar
 redratsal 
Milan (I)
 
Experience: Advanced
Platform: Ninjatrader
Broker: Kinetick
Trading: FDAX,6E,CL,YM,NQ,ES
Posts: 1,648 since Oct 2010
Thanks Given: 1,215
Thanks Received: 2,090

I will not trade for the whole week, as my summer vacations are approaching the Italian Job will be closed for 2 weeks until the end of August. This is a recap of my trading activities since June 1st:




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  #416 (permalink)
 
redratsal's Avatar
 redratsal 
Milan (I)
 
Experience: Advanced
Platform: Ninjatrader
Broker: Kinetick
Trading: FDAX,6E,CL,YM,NQ,ES
Posts: 1,648 since Oct 2010
Thanks Given: 1,215
Thanks Received: 2,090


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  #417 (permalink)
 
Big Mike's Avatar
 Big Mike 
Manta, Ecuador
Site Administrator
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Swing Trader
 
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Enjoy your vacation!



Mike

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Thanked by:
  #418 (permalink)
 
redratsal's Avatar
 redratsal 
Milan (I)
 
Experience: Advanced
Platform: Ninjatrader
Broker: Kinetick
Trading: FDAX,6E,CL,YM,NQ,ES
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Altough volatility has decreased since beginning of August, CL is pretty a roller coaster and 6E is a bit less. The document published by @tigertrader post #13 , makes pretty much sense to me. I will therefore not trade as long as the VIX will stay above 25 or within an increasing 10 sma slope (see pic attached). As the actual sma is in a decreasing trend I will be very selective and watch for main S&R on higher time frames. I will look for opportunities exclusively during the UK session.


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  #419 (permalink)
 
redratsal's Avatar
 redratsal 
Milan (I)
 
Experience: Advanced
Platform: Ninjatrader
Broker: Kinetick
Trading: FDAX,6E,CL,YM,NQ,ES
Posts: 1,648 since Oct 2010
Thanks Given: 1,215
Thanks Received: 2,090

First trade of the day 6E 1 contract, target above S +295$. GomCD was pretty negative, it pierced the Vwap and the TL and turned it to a negative slope, target was set above the first support on the 6R chart.


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  #420 (permalink)
 
Big Mike's Avatar
 Big Mike 
Manta, Ecuador
Site Administrator
Developer
Swing Trader
 
Experience: Advanced
Platform: Custom solution
Broker: IBKR
Trading: Stocks & Futures
Frequency: Every few days
Duration: Weeks
Posts: 50,397 since Jun 2009
Thanks Given: 33,173
Thanks Received: 101,537


Welcome back

Mike

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