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Looks like the July Journal Comp ends today. If you think there's merit in my journaling during the month...please vote with your thanks.....thanks !
Have placed a sell at 10.15 based on two down bars at the 10.05 and 10.10 with a "normal volume pattern". Have placed at stop at 10 points and a target of 5692 and a timed exit of 1:05 based on my rules.
Closed at TP for a +35pt gain
Gain for the week is +82 points
Had three trades this week of +32, + 15 and +37. Missed Wednesday and Thursday due to other commitments.
(Note, the actual trade is on my MT4 platform with prices noted in the journal). I have been posting the trading view charts as it's easier to upload into the journal...but the exact levels may differ from my actual MT 4 trade)
Hi Ozquant. Thanks for the email. Yes, I'm aware the CFD volumes provided by IG Markets is not representative of the actual Index volumes traded (note, i trade IG Markets via MT4 and was simply using TradingView which is FXCD cfd for easy of copying graphs to FIO). I noted this in a previous reply whereby I previously looked at the CFD volumes to actual index volumes and noted the relative differences eg 1000 actual to about 200 cfd, stayed somewhat consistent. Given this, my 200 volume trigger pre-market is a "line in the sand" i've drawn to trigger an early trade...despite knowing it doesn't reflect the actual volume. Hope this makes sense. When i move to trading actual index contracts, I know I'll need to adjust the volume trigger accordingly.
Time to get back on track here . I,m interested in maybe getting a couple SPI / ASX200 traders together for maybe some skype interaction . Share some ideas / trades type of thing . Anyone up for it ?? I get bored shitless during day and need some human contact . I do the quant thing , code , write algos . Willing to share with right experienced people ... cheers
Happy to join in a SPI/ASX 200 discussion. My Little Aussie Battler journal reflects my trading approach...part time, pretty systematic, one trade per day average when i trade, not automated (but assume it could be). Anyone else out there trading the SPI/ASX 200?