Spooze (ES) Scalper

[oz_kano]

After a hiatus, looking to startup fulltime futures trading in January

Hopefully posting live calls on:

- Euro FX / AUD FX futures
- E-minisp500 futures

Utilising "global futures" to execute / CQG / home broadband setup

Update more in the new year!

 

[oz_kano]

Call: Long Euro FX

Reason - Bounce off 50% retracement @ 1.3080

Entry at 1.3115, Stop at 1.3035

1st target = 1.3255
---------------------------------
Will update as trade progresses

 

[oz_kano]

Still Long, 1.3080 held, daily downtrend broken - look to maintain core long position and scalp around this.

+74 pips for 1st lot (change from above initial target)
Still long with 2nd lot

Wanted to buy more as 1.3080 was tested in the morning, but account too margined. Pity.

 

[oz_kano]

Now trading live - calls and trades in blog listed below

Market profile indicated a big potential downside move in e-miniSP500 - went in short to NFP, with 6 point stop. Nice leg down and took profits.

Eur/USD - looking for shorts all day as the big 50% retracement level looked to be broken.

End result - 5.5 SP500 points, 32 euro ticks

More on Monday

 

[oz_kano]

Daily Note

Euro futures

Daily bias = short.
Pivot points = 129.29, 129.44 (both fib worked out after low for day established)
Has broken major 50% retracement levels, look to run shorts when in a good trade otherwise selectively put on longs for quick profit. Market has dropped so far some short covering should be expected.

AUD futures

Daily bias = long. 50% retracement held at 98.44 and strong reaction to retail sales.
Pivot points = 98.44, 99.57, 99.97
Look to establish longs. Run where possible.

E-Mini S&P500 futures

Daily bias = short after NFP
Pivot points = 1272 (daily downtrend), 1262.50 (Market Profile), 1250.50 (MP)

 

[oz_kano]

Mon recap

Initially up around 30 pips - overtraded and didnt follow some of rules. Ended up down 30 pips plus trading costs.

Looked back to original analysis which proved correct - but got carried away in the minutiae ande noise going on.

 

[oz_kano]

Recap of previous day (Jan 11)
After a disappointing previous day, I started day wanting to only execute a few trades. Some great initial trades gave a huge profit early on – although the AUD trade could’ve been run further as I had 2 lots on and it kepts selling off. The Euro also dropt but not as much.

I continued to do a few trades and made more ticks but then gave half of my max days P&L back – woke up in AM and did one small ES trade which went well. Overall a successful day but could’ve been less loose once profits were made. Did well to step away at right times. Overall up around 100 pips. Mainly in AUD.

Daily Note for upcoming day (Jan12)

Euro futures
-Daily bias = short
-Pivot points = 13084 / 75, 12990, 12940
-Comments – Big fundamental news with Japan going to buy Euro bonds, although didn’t pop very much during day after this

AUD futures
Daily bias = short
Pivot points = 9824, 9809, 9725
Shorts let run

E-Mini S&P500 futures
Daily bias = long, after daily downtrend broken
Pivot points = 1270 (daily uptrend), 1267 (Market Profile), 1271.50 (MP)
Comments – daily downtrend broken, look for longs

 

[oz_kano]

May update - after doubling my account from 3k to 6k in 6 trading days during january, some poor trading brought me unstuck and i withdrew my funds before a trip overseas for 2 months.

Back now - looking to only trade ES and AUD FX futures..same approach as before, with more discipline. On days with daily research and pivots assessed was always profitable, others let me become loose with a lack of discipline.

research note for Mondays trading to come....