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M6E Micro Euro futures friendly competition


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M6E Micro Euro futures friendly competition

  #41 (permalink)
 
jackbravo's Avatar
 jackbravo 
SF, CA/USA
 
Experience: Beginner
Platform: SC
Broker: Stage 5
Trading: NQ...uh..ES actually
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Dec 7: Couple of decent trades, ruined by tightening up stops and not recognizing the range early on. Wish I would have jumped in at the bottom of the range on that last trade. Would've been art.






I will make a post of a leaderboard if people will post their totals at the end of the week.

"It does not matter how slowly you go, as long as you do not stop." Confucius
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  #42 (permalink)
 
JMP3's Avatar
 JMP3 
rochester new york
 
Experience: Intermediate
Platform: NinjaTrader
Trading: ES, YM, 6E
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What a crazy day, I decided to trade multiple lots on a day when the large institutions want to play ping pong with us lowly retail traders. I was fighting PA all day at times being ahead only to have PA take out my risk. Managed to pull out $10 from the market, not including commissions. Might stay on the sidelines tomorrow...JP

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  #43 (permalink)
 
FlyingMonkey's Avatar
 FlyingMonkey 
Los Angeles CA
Legendary Market Wizard
 
Experience: Intermediate
Platform: NT8 & TOS
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Friday 08 Dec 2017
==================

NFP today at 12:30 GMT, 45 minutes from now.

D1:
We're dropping into a major level here around 1730. One would expect a significant bounce here, but the fact that we've gotten here at all is cause for concern for bulls. The up move that started at the beginning of November and retook 1730 pushing up to nearly 2000, if it had any legs, should not have fallen apart like this. The path of least resistance continues to be down, but don't expect 1700 to give up easily. A bounce toward 1850 today on a reaction to the number is certainly doable.



H4:
The downswing so far this month has been not very volatile. Just controlled, sustained selling since the start of the month. We'll certainly see some volatility today. We sit pressed into major support and "oversold" into the bottom of the current channel. The lines are relatively clean so the plan today is to just stay zoomed out to not get confused by extra volatility and trade what I see. Be prepared for a waterfall if the 1700 level crumbles, but if it spikes through support and buyerrs step in, don't be unprepared for a run up. If the reaction pushes the euro up over 1780, see if you can jump on board, but don't hesitate to fade 1780 or 1840 if it's turning over.


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  #44 (permalink)
 
rassi's Avatar
 rassi 
the congo
 
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FlyingMonkey View Post
Friday 08 Dec 2017

==================



NFP today at 12:30 GMT, 45 minutes from now.



D1:

We're dropping into a major level here around 1730. One would expect a significant bounce here, but the fact that we've gotten here at all is cause for concern for bulls. The up move that started at the beginning of November and retook 1730 pushing up to nearly 2000, if it had any legs, should not have fallen apart like this. The path of least resistance continues to be down, but don't expect 1700 to give up easily. A bounce toward 1850 today on a reaction to the number is certainly doable.







H4:

The downswing so far this month has been not very volatile. Just controlled, sustained selling since the start of the month. We'll certainly see some volatility today. We sit pressed into major support and "oversold" into the bottom of the current channel. The lines are relatively clean so the plan today is to just stay zoomed out to not get confused by extra volatility and trade what I see. Be prepared for a waterfall if the 1700 level crumbles, but if it spikes through support and buyerrs step in, don't be unprepared for a run up. If the reaction pushes the euro up over 1780, see if you can jump on board, but don't hesitate to fade 1780 or 1840 if it's turning over.






Excellent analysis, did you get long?


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  #45 (permalink)
 
FlyingMonkey's Avatar
 FlyingMonkey 
Los Angeles CA
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rassi View Post
Excellent analysis, did you get long?

Thanks, unfortunately no. This being my first time watching NFP on 6E I sat on the sidelines until I had enough 5 minute bars to make sense of the structure. Now I see that just 3 bars in, after the shakeout on the bottom end, there was a good spot to buy there. I'm still reading "patterns" and need to think more along the lines of pure price.

I was stalking a short as price slowed from 70-75. Looks like I was too tentative there too. We'll see if it comes back to fill me at 1768.

I can see this stuff, just have to learn to execute on that hard right edge.


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  #46 (permalink)
 
rassi's Avatar
 rassi 
the congo
 
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FlyingMonkey View Post
Thanks, unfortunately no. This being my first time watching NFP on 6E I sat on the sidelines until I had enough 5 minute bars to make sense of the structure. Now I see that just 3 bars in, after the shakeout on the bottom end, there was a good spot to buy there. I'm still reading "patterns" and need to think more along the lines of pure price.



I was stalking a short as price slowed from 70-75. Looks like I was too tentative there too. We'll see if it comes back to fill me at 1768.



I can see this stuff, just have to learn to execute on that hard right edge.






Seeing it is half the battle, looks like you got that nailed


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  #47 (permalink)
 Grantx 
Reading UK
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rassi View Post
Seeing it is half the battle, looks like you got that nailed

I totally agree. Good practice @FlyingMonkey : "I sat on the sidelines until I had enough 5 minute bars to make sense of the structure"

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  #48 (permalink)
 
FlyingMonkey's Avatar
 FlyingMonkey 
Los Angeles CA
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Decent results today on 1 trade. I was afk for as lot of that trade, and after, making breakfast etc. Fist off at +10. As I trailed my stop down on the 2nd it almost hit the target, but I ended out at +8. Hopefully I can continue waking up early next week and get some action in the wee hours, string some winners together.





Dec 5: -$7.37
Dec 6: -$15.66
Dec 7: -$14.08
Dec 8: $17.17
-----------------------
-$19.94

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  #49 (permalink)
 
GruttePier's Avatar
 GruttePier 
Amsterdam, The Netherlands
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I really like this competition, guys!
Keep it going

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  #50 (permalink)
 Grantx 
Reading UK
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FlyingMonkey View Post
Decent results today on 1 trade. I was afk for as lot of that trade

What is afk?

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Last Updated on March 28, 2018


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