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skfx replied Apr 17, 2015Sell side has failed only when the seller gets broken and the buyer takes over. Isn't that logical yaed? Regards
Want to know how to get rich?
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skfx replied Apr 17, 2015You have answered it yourself Michael! Read between the lines in your question. Regards
Higher Edge within a Single Candlestick
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skfx replied Apr 17, 2015Thank you Yen futures! 6J-S/T trade.. Heading into NY open we had a bid yen through London trade. Yen is performing. NY open and we await data out of Canada and the US (CPI's-tier 1). Will create volatility! Initial trade out of NY open is offered I ...
Higher Edge within a Single Candlestick
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skfx replied Apr 17, 2015Yes yead, this can absolutely cause issues! You're too far out on a 1H to tell if you're trading spot. If you don't have futures orderflow data to work with, drill down on a 1 min chart. What you're looking for is a buyer to break the seller ...
Want to know how to get rich?
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skfx replied Apr 17, 2015British Pound futures-6B This is S/T trading. Selling short as the pound breaks down from a London morning bid (USD 'was' on the offer across the board but pulling back as we approach NY). It would seem i'm going against performance of the pound (Up ...
Higher Edge within a Single Candlestick
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skfx replied Apr 17, 2015Tingus, this is very very vague. Try this thread for more clarity. url The last 3 or so pages go into the detail. Regards
95% of the time price will close above or below the open
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skfx replied Apr 16, 2015Sorry hornet! No,you're correct! Preferably, access to orderflow where you can see big money icing/working the bid above the break. If you see a big buyers accumulating above the broken offer holding trade, then he is your 'lean'. For a break to ...
Higher Edge within a Single Candlestick
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skfx replied Apr 16, 2015And of course this can happen. Where the market just sticks its finger up at you. Queued 1 back(approx.) from fill(yes it does happen but thankfully not often). You can do all the right things, but if you cannot get it on and execute, you don't get ...
Higher Edge within a Single Candlestick
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skfx replied Apr 16, 2015Sure A-O, no problem. That can happen. Best to avoid the chop and you can do that by trading feedback. If you have static points and fluid is rolling your static points, that's the market telling you to trade less and trade lighter. No one wants to ...
Higher Edge within a Single Candlestick
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skfx replied Apr 16, 2015Ok on value hornet, i understand. I hate the word myself lol. I just personally feel that market just never really finds value. Proof in that it never stops ticking. But aside from that agreed. I won't get into a debate on value hahaha To answer ...
Higher Edge within a Single Candlestick
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skfx replied Apr 16, 2015Thanks Bill and LITE! As long as you can take something away from it to add to your trading then all is well. Regards
Higher Edge within a Single Candlestick
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skfx replied Apr 16, 2015I will break trade down and look at 6N(Kiwi futures), just due to having banged on already about it. You could class this as hindsight trading, but i work the market live like this all the time. I go about it the same way. It's a framework, but it's ...
Higher Edge within a Single Candlestick
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skfx replied Apr 16, 2015They may get attention. From my experience trading short-term Michael, the later the better. It's easier for a trader to remember what happened 20 mins ago rather than 2 days or weeks or months ago. image Notice price at #1 responding to a ...
Higher Edge within a Single Candlestick
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skfx replied Apr 16, 2015No worries Michael. I won't forget your name btw. I am one of 4 boys. I have two younger twin brothers. In 2006, Michael(the oldest of the twins) died from heart failure while plastering in the Gold Coast of Australia. He was 21, with no health ...
Higher Edge within a Single Candlestick
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skfx replied Apr 16, 2015hornet you've lost me. Define 'value price'. I am assuming you mean value(highest traded volume at one price), that being 7610. We did flip that and tagged underside just prior to the run at the handle and dump. Realistically, the Kiwi futures were ...
Higher Edge within a Single Candlestick
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skfx replied Apr 16, 2015Just to finish off this roll of posting and leave you guys with it. Your biggest issue in terms of profitability will be, yourself. You master yourself, and you can do anything! It'll help that someone shows you from their experience and gives you ...
Higher Edge within a Single Candlestick
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skfx replied Apr 16, 2015You're welcome matey! Here's the 6N (Kiwi futures) Not traded due to posting. See what happens when you devote too much time to helping others lol. You miss out yourself. My wife won't be happy. No new shoes this week. Regards
Higher Edge within a Single Candlestick
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skfx replied Apr 16, 2015Sounds good to me Alexx! You have the base in. Now, you must expand to find risk on both sides. Where are they bidding? Where are they offering? If you're looking to sell, then the 50 is a possibility. Have you considered though the buy stops ...
Higher Edge within a Single Candlestick
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skfx replied Apr 16, 2015I am trading price points....bids/offers(representing a mispricing or big money holds). I want to enter where either the market is mispriced or someone BIG is working that price/level. Candlesticks(opens/closes) do not come into the equation for ...
Higher Edge within a Single Candlestick
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skfx replied Apr 16, 2015Hornet i did mention this before. You may have missed it. If the market is bidding 50 and we drop 50 and trade to 42, what is the lowest risk price to sell? 50 That is the exact point where the market changed from bid to offer. Why? Because if a ...
Higher Edge within a Single Candlestick