Wysiwyg
Everyone wants money
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I made a mistake and tried to trade the down trend.
Continuing to short sell the DAX against this persistent cover rally which I hope the longs are making a motza. 
International markets traders banter
- Thread starter Trembling Hand
- Start date
Continuing to short sell the DAX against this persistent cover rally which I hope the longs are making a motza. 
Trembling Hand
Can be found on the bid
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I made a mistake and tried to trade the down trend.
Looks like you were standing in front of Mr Global Macro.
Wysiwyg
Everyone wants money
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Yeah the DAX bounced over 200 points. Massive effort Mr. Macro.
Wysiwyg
Everyone wants money
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Come the EOFY I don't mind 'cause any losses are a deduction from gross income so the Puppet Master and his puppets can rip up or down as much as they want.Looks like you were standing in front of Mr Global Macro.
Come the EOFY I don't mind 'cause any losses are a deduction from gross income so the Puppet Master and his puppets can rip up or down as much as they want.
There's no puppet master, you are just gambling!
Wysiwyg
Everyone wants money
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Don't gamble on market direction!Does it count if one is always a little bit long?
Oh but you're net positive of course 'cause you're a good f.i.g.j.a.m.Don't gamble on market direction!
I'm net positive mostly just because concentration of my entire net worth into cash and gold makes me uncomfortable, it's not a claim that I'm "a good f.i.g.j.a.m" (which doesn't even make sense if you expand the acronym
)Blind Freddy could see that maintaining any equity net long position over the last year has been a losing proposition, so not really sure how that makes me out to look good.
CanOz
Home runs feel good, but base hits pay bills!
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Today was a gift. I traded like a dog today, I mean seriously a dog could have done better. I'm quite pleased though because the market taught me a valuable lesson today.....and it didn't cost me a fortune because even though I traded like crap, I still managed my risk....
Had another dozen disconnections today from both data suppliers....also got stuck in an IG trade, or so I thought. I hedged it off only to find out I wasn't still in the trade after all, platform error....what a day
Had another dozen disconnections today from both data suppliers....also got stuck in an IG trade, or so I thought. I hedged it off only to find out I wasn't still in the trade after all, platform error....what a day
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Through everything so far, the S&P500 is only down -10% from peak after gaining +200%.
I'm not sure if that indicates the upside or downside.
I'm not sure if that indicates the upside or downside.
CanOz
Home runs feel good, but base hits pay bills!
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I'm going to go out on a limb here and call this correction over, based on the SPI on the Eurex equity products. The only caveat i have is the gap created from yesterdays session open.....Otherwise, very bullish above yesterdays highs and not bearish unless we close the gap and continue lower....
anyone else with me?
, based on the SPI on the Eurex equity products. The only caveat i have is the gap created from yesterdays session open.....Otherwise, very bullish above yesterdays highs and not bearish unless we close the gap and continue lower....anyone else with me?
CanOz
Home runs feel good, but base hits pay bills!
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Oink
LOL .......
I'm actually trading the best I have in months this week ....... Mainly because I've been away for a few days and stopped trading altogether
..... Sometimes the recipe for success is simple
Modest
It's in the chart
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I am glad I don't trade NFP
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I am glad I don't trade NFP
Why not? Already popped some E
Here's a fun exercise: what happens if you trade every NFP 'surprise' move on the ES (x % above/below consensus) with first entry at the end of a 5min bar, and pyramid every 5min bar after that ? Out on a retrace that breaches the prev bars range
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Why not? Already popped some E
Had 2, now have mad shutter vision and can not see the screen. Best I have ever traded
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Oh dear, hope those green numbers dont turn out to be red the next dayHad 2, now have mad shutter vision and can not see the screen. Best I have ever traded
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I am glad I don't trade NFP
I'm really glad that I do! It's often my best day for the month.
Modest
It's in the chart
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I tip my hat to you sir but it just feels like it's pot luck unless you've got a 'mate' working at the ABS or something if you get my drift
Why not? Already popped some E
Here's a fun exercise: what happens if you trade every NFP 'surprise' move on the ES (x % above/below consensus) with first entry at the end of a 5min bar, and pyramid every 5min bar after that ? Out on a retrace that breaches the prev bars range
Try the 2 bar high aka 10 min bar for entries and exits or better yet a Chandelier style exit and entry. My experience has been that on news dayscthat kind of trading really helps to have a simple algorithm handle the work for you as the breakout and exit points can often come and go quite fast. Using risk informed targets like 1:1 with limit orders to exit is also effective.
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