Get started

Futurestrading

JOURNAL FOR MGC1!Today I placed two trades on MGC1! my first entry was a sell scalp which was strictly a technical entry and the second was the buy back up because it goes with the bias of gold being bullish, and inflation fears, so for each trade Ive wait on a area of consolidation (order block) then wait on a break out in this case after that impulsive move to the downside on gold I waited for an area of support to form with rejections of pushing lower at this point an order block should start forming, I tend to get a better structure of an order block forming on the 5min, once a bullish engulfing to print above the last high then I take the trade, today I had no draw down my entry was precise!
COMEX_MINI:MGC1!Long
by FuturesBaddie
Is CL looking bearish? Short below LIS/Yearly Open?NYMEX:CL1! Macro update: Will we see another bullish leg like Jan 2025? Or does crude oil have room to move further lower and resume its downtrend after putting in the high of the year? In our opinion, most headlines since the new US administration have already been priced in by market participants. Crude oil fundamentals—encompassing supply, production, and demand outlook—are likely to influence prices more significantly than headline news. Our analysis indicates that the market has rebalanced, trading above the Composite Volume Point of Control (CVPOC) at $68.45 per barrel, as derived from our 2022 anchored Composite Volume profile. Furthermore, the 2025 Volume profile is exhibiting a “b”-shaped formation, signaling a move toward balance in its lower range. From a market auction perspective, two key price ranges are established: Q4 2024 Lower Distribution: Approximately $65–$70, indicating a balanced market. Q1 2025 Value Area: Approximately $70–$75, also reflecting balance. In our analysis, it’s essential to adopt a broader view by examining higher timeframe levels to stay aligned with these key market levels. While intraday or intrawork trends may display bearish or bullish momentum, the overall market auction framework suggests further consolidation within these ranges—unless new developments significantly alter the crude oil fundamentals or breaking headlines emerge that have yet to be priced in. Key Levels to Watch Key levels represent areas of interest and zones of active market participation. The more significant a key level, the closer we monitor it for potential reactions and trade setups in alignment with our trading plan. Jan 2024 CVPOC and mCVPOC Q4 2024 confluence: 68.45 - 68.25 Key Bull Support/LIS: 69.90 - 70.50 Feb 2025 VAL: 70.80 2025 mCVPOC: 72.82 Feb 2025 VAH: 72.70 mCVAH/Jan 2025 mid: 74.96 - 74.80 Scenario 1: Price gets above key support to further consolidate within Feb 2025 Value Area Scenario 2: Intraday bullish price action with higher lows that fails to gain momentum above the 2025 VPOC. Scenario 3: Price holds below Yearly Open and LIS key support. A bearish head and shoulders pattern develops to push prices lower to test CVPOC 2022. Micro CME contracts allow for more precise risk management during volatile market conditions. Additionally, you can participate in the CME and TradingView paper trading competition, giving you the opportunity to test your skills in The Leap without risking real money.
NYMEX:CL1!
by EdgeClear
Leap Ahead with a Dynamic Setup: Trading with Andrew’s PitchforkThe Leap Trading Competition: A Chance to Trade Micro Euro Futures TradingView’s "The Leap" Trading Competition provides an opportunity for traders to apply their futures trading strategies in a competitive environment. Participants can trade select CME Group futures contracts, including Micro Euro Futures (M6E). This article presents a structured trade setup using Andrew’s Pitchfork, a technical tool that helps define potential trend direction and breakout levels. The setup involves two intersecting pitchforks near a key UFO support level, signaling the possibility of either an uptrend continuation or a confirmation of a new downtrend. Understanding Andrew’s Pitchfork and Market Structure Andrew’s Pitchfork is a technical analysis tool used to identify trend channels by plotting three parallel lines from a major price swing. The tool helps traders anticipate support, resistance, and breakout levels based on median lines. In this setup, two pitchforks define opposing market structures. The green pitchfork represents an uptrend, suggesting that price could continue higher. The red pitchfork represents a developing downtrend, indicating a possible reversal. The intersection of these pitchforks at a key UFO support level marks an important decision point for the market. The Dynamic Trade Setup: Long and Short Scenarios In a long trade scenario, entry is confirmed if price breaks above the Upper Median Line (UML) of the red pitchfork. The target for the trade is the Median Line (ML) of the green pitchfork, representing trend continuation. A stop loss is placed below entry at a distance that ensures a minimum 3:1 reward-to-risk ratio. In a short trade scenario, entry is confirmed if price breaks below the Lower Median Line (LML) of the green pitchfork. The target for the trade is the Median Line (ML) of the red pitchfork, confirming further downside movement. A stop loss is placed above entry at a distance that maintains a minimum 3:1 reward-to-risk ratio. Because the UML, LML, and ML levels change dynamically with each bar, breakout levels and targets must be adjusted accordingly. If price remains inside the pitchfork structure, the setup remains neutral until confirmation occurs. Contract Specifications and Margin Requirements Euro FX Futures (6E) details: Full contract specs: 6E Contract Specifications – CME Group Contract size: €125,000 Tick size: 0.00005 per EUR/USD ($6.25 per tick) Margin requirements depend on broker conditions and market volatility, currently around $2,600 per contract. Micro EUR/USD Futures (M6E) details: Full contract specs: M6E Contract Specifications – CME Group Contract size: €12,500 (1/10th of 6E) Tick size: 0.0001 per EUR/USD ($1.25 per tick) Lower margin requirements provide access to traders with smaller accounts, currently around $260 per contract. M6E offers a lower-cost alternative to 6E, making it a useful instrument for adjusting position sizes and managing risk effectively. Traders should consider market conditions and leverage when determining position sizes. Execution and Trade Management Before executing a trade, price must confirm a breakout by fully breaking above UML for long trades or below LML for short trades. Additional confirmation through volume trends, momentum indicators, or candlestick patterns may help validate the move. If price does not confirm the breakout, the setup remains invalid. If price re-enters the pitchfork channel, traders should reassess market structure before taking a new position. Stop losses should be maintained at levels that align with a structured risk-reward plan. Conclusion Andrew’s Pitchfork provides a structured approach for trading trend continuation and reversals. This setup allows for both long and short breakout opportunities, depending on how price reacts at key pitchfork levels. For traders in The Leap Trading Competition, this setup highlights the importance of disciplined execution, waiting for confirmation, and managing risk effectively when trading futures. When charting futures, the data provided could be delayed. Traders working with the ticker symbols discussed in this idea may prefer to use CME Group real-time data plan on TradingView: www.tradingview.com - This consideration is particularly important for shorter-term traders, whereas it may be less critical for those focused on longer-term trading strategies. General Disclaimer: The trade ideas presented herein are solely for illustrative purposes forming a part of a case study intended to demonstrate key principles in risk management within the context of the specific market scenarios discussed. These ideas are not to be interpreted as investment recommendations or financial advice. They do not endorse or promote any specific trading strategies, financial products, or services. The information provided is based on data believed to be reliable; however, its accuracy or completeness cannot be guaranteed. Trading in financial markets involves risks, including the potential loss of principal. Each individual should conduct their own research and consult with professional financial advisors before making any investment decisions. The author or publisher of this content bears no responsibility for any actions taken based on the information provided or for any resultant financial or other losses.
CME_MINI:M6E1!Education
by traddictiv