CanOz's intermittent and sporadic trades

[CanOz]

Yes it's like a bridge between East and West, which grants it quite a unique position/role in world markets.

Good analogy, i think the bridge has some cracks now though...

Today i'm dead in the water, unable to trade due to connectivity issues. I was trading the few minutes after the open on my sim account and my NT locked up a half dozen times whilst in a position. Also, the depth seems thin and the fills look like they'd be slippy...so not very happy and have to settle for some practice...

 

[CanOz]

FWIW, my take on the market structure on the main European indices and the ES. I am expecting some support at the lower section of the value area, represented by the green levels. This would set a bracket or balance/value area low. If these levels find buyers then we should see a push to test the highs of the bracket, represented by the red levels....

If we were to take out the green levels without a test higher, that would be very bearish indicating that the markets have totally rejected seeing any kind of value higher for the time being. I would expect the market to auction lower in search of value.

However, i am mostly biased towards this bounce continuing after a probe lower to pick up those who missed out...

As long as we auction in these balance/value areas, represented by the triangles, then we should have somewhat less volitility...

2925 to 2935 on the FESX looks like an area where we could see some responsive buyers step in...

 

[CanOz]

ho hum, another day another gap down, bonds up, yen and euro up, oil, indices down...either rotate around or crap itself, no news today, its all up to the market structure...

 

[CanOz]

Not sure if CL is leading the indices? Check out this low tech visual from the cash open yesty:

This is CL/ES/FESX/FDAX 1 minute line on close. I plotted a coral filter indicator over them all at 10 period. Its just a moving average that turns color depending on the slope. CL changes, they follow.

 

[Modest]

What CL levels are you watching this session CanOz?

 

[CanOz]

What CL levels are you watching this session CanOz?

No particular levels, but its just over the VWAP at 30.68, which is more bullish than under it....

 

[CanOz]

Well things have started well today, recieved my resident return visa, even though i only sent in the application in FridayI'm coming home.

As well i on the Rancho Acme NT8 Beta trial, so i can start using the volume profile tools on NT8 now, so quite excited about that as it should be more resource friendly to me.

And.....we have a major decision point on the indices at hand, double

 

[CanOz]

The new Rancho profiles on NT8 work really well, charts load much faster as well. So far no errors either. Can't seem to get more than 6-8 months of data loaded though....

 

[CanOz]

There's something very uneasy about the order flow today, looks like a market thats not very confident of its direction

Edit: amazing the difference a level or two makes...

 

[CanOz]

Well that's it for this week, my second best week to date. I netted 68 points on 15 round trips. 54 % winners, profit factor of 2.14 and an average trade of 55.84. I had 4 winnings days in a row, which was a breakthrough for me. This week i paid 142.00 in commissions compared to 1380.00 last week on 144 round trips.

Because i traded so much last week i was able to go through all the trades and find out again, what was working and what wasn't and then incorporate it into this weeks plan. So I'm happy with that. I'd post last weeks stats but I've got two weird anomalies in the NT stats, entries of 5700 and 5600.00. So i've got to go through the trades on excel and recalculate all the stats....a real pain

Also, I've not taken any momentum plays as the follow through just hasn't been there. So these are all trades at levels in the bias of the combined markets, a new approach.

I wish it was a new equity high, but last week i over-traded and commissions killed me. So I'm 12 points under where i ended last week.

Next week will likely be my last week before we move. I'll be packing up my screens and desktop PC.

 

[VSntchr]

Well that's it for this week, my second best week to date. I netted 68 points on 15 round trips. 54 % winners, profit factor of 2.14 and an average trade of 55.84. I had 4 winnings days in a row, which was a breakthrough for me. This week i paid 142.00 in commissions compared to 1380.00 last week on 144 round trips.

Nice work Can.
I might not comment alot in here, but I regularly read. Definitely enjoying seeing you kicking some goals

Next week will likely be my last week before we move. I'll be packing up my screens and desktop PC.

Are you planning to trade the same markets after you move back?

 

[CanOz]

Nice work Can.
I might not comment alot in here, but I regularly read. Definitely enjoying seeing you kicking some goals


Are you planning to trade the same markets after you move back?

Thanks mate, it's been a rough road for the last four years...

Yeah, I've got to stick with the Dax I think....too much water under that bridge now.

 

[CanOz]

An interesting start to the week with the Japanese market leading most Asian indices higher out of the gate this morning....with the exception of China, which again is weak, on continually contracting PMI ...although slightly better than estimated.

9:45*(CN) CHINA JAN CAIXIN PMI MANUFACTURING: 48.4 V 48.1E (11th month of contraction) - Source TradeTheNews.com

So it will be interesting to see if the European indices can remain bullish for a few days until we hit the current bracket highs again...

Expecting a slow start to the week with little data out, so I'll watch the market today but I'm not expecting fireworks...we could see a grind higher though, maybe with a slight rotational bend about....

Specifically for the Dax, I'm expecting us to test the higher area of the bracket around the 10000 mark again, perhaps this week however we could expect some renewed selling at 10200 or so as well.

So moderately bullish still, but cautious ahead of NFP.

 

[CanOz]

Well we haven't seen the Dax coiled up and range bound like things for a while, expecting a big move soon...

 

[CanOz]

Well today disaster finally struck with my klunky ole Ninjatrader and this crappy connectivity ....just a whisker off equity highs yesterday, i was long a couple just after the open today, the market started to pull back as i went to put my stop in, NT locked up solid....not sure if it was the connection that did it, or what. I had done an NT update today. The worst past was i had no choice but to do another win10 update whist restarting...By the time i got it back and connected the Dax had dropped 50 points...:frown:

It happened so fast and shocked me so much i couldn't get a hedge on....

 

[CanOz]

Well I've managed to claw some losses back, I'll recover from this. It still burns me that i allowed this to happen. When my IG platform, as well as TT's new platform would not stay connected i should have realized that it was not a good day to trade.

I've decided to pack up my gear a few days early. Take the rest of the time off from trading until i get to Brisbane and get setup. My wife tells me that there are more and more people on the internet as they're already on holidays for the big annual holiday, i recall the same thing last year, now that i think about it.

All in all i think i gave it the best go i could here, each day i had two hours to try and make a living with a unknown level of connectivity. I had a few hours each day to prepare, little to wrap up. I've missed countless post lunch rallies through this recent volatility. I've become better at sensing them, but i still need more experience trading them....

Once settled in Australia I'll be giving this a minimum of 8 hours a day, in total peace and quiet with the best connectivity money can buy.

I'm not sure if I'll be trading the Dax though, i may have to look at the SPI, the HSI, HHI etc. Its difficult to trade afternoon/evening with a 2 year old...

In the meantime, i think i still have enough of a track record to submit to someone that's interested....I just wish i could have put the icing on the cake....

 

[darkhorse70]

Good effort man.

 

[VSntchr]

I've decided to pack up my gear a few days early. Take the rest of the time off from trading until i get to Brisbane and get setup. My wife tells me that there are more and more people on the internet as they're already on holidays for the big annual holiday, i recall the same thing last year, now that i think about it.

I didn't realise that the internet was so bad in China? What's the deal there? Old Infrastructure? Overburdened with population?

Once settled in Australia I'll be giving this a minimum of 8 hours a day, in total peace and quiet with the best connectivity money can buy.

I run Optus Cable with a powerline adapter that goes straight into the computer. Previously I connected to the modem via wifi and ran into speed/reliability issues on a consistent basis...so I know the feeling of losing connection while trading. I remember the first day I got the current setup working, I kept running speedtests just to let it sink in that I was getting ~14x faster speed I don't think I have had one drop-out in the last 9 months.

I'm not sure if I'll be trading the Dax though, i may have to look at the SPI, the HSI, HHI etc. Its difficult to trade afternoon/evening with a 2 year old...
In the meantime, i think i still have enough of a track record to submit to someone that's interested....I just wish i could have put the icing on the cake....

I'm sure once you get a better routine for trading that your stats will improve markedly
Will be great to have another Asian session trader on the boards.

 

[CanOz]

Good effort man.

Thanks mate.

What's the deal there? Old Infrastructure? Overburdened with population?

Filtered, the GFW...Great Fire Wall...will try and post two tests. One test to the local server, an ISP. Another to Singapore, where my AMP/CQG server is....Its actually not bad this morning, but its gets much worse as the day moves on...one would assume its users. Nightime is the worse,that's when the gamers get on. The local server is unfiltered, whilst to get to Singtel, the slower one has to go through the wall.

I run Optus Cable with a powerline adapter that goes straight into the computer. Previously I connected to the modem via wifi and ran into speed/reliability issues on a consistent basis...so I know the feeling of losing connection while trading. I remember the first day I got the current setup working, I kept running speedtests just to let it sink in that I was getting ~14x faster speed I don't think I have had one drop-out in the last 9 months.

What is a powerline adapter? Can you give me an idea of that Optus plan? Speeds, DL limit, NBN, ADSL? Whats in the package, cost? Thanks allot VS, i owe you a drink when i get to Brissy

 

[VSntchr]

Thanks mate.
What is a powerline adapter? Can you give me an idea of that Optus plan? Speeds, DL limit, NBN, ADSL? Whats in the package, cost? Thanks allot VS, i owe you a drink when i get to Brissy

Judging by your speedtests, the download speed is probably similar - as for ping it looks good here but going to Singapore may not be too crash hot as the distance is farther than from China. I'm not sure how to check what the ping would be from here to the DAX, or HSI server etc.. but if you show me how I can check for you.

A powerline adapter kit is a set of 2 plugs and 2 ethernet cables. Essentially it enables you to access ethernet access anywhere within your house wherever you have a power socket. It works by transforming your houses internal power cables into internet transmitting cables (my tech language is pretty poor, clearly).
First device plugs into the wall where your modem is and connects via ethernet to the modem, the second (identical) device is plugged into wherever you want to access the internet - and then connected to your PC via ethernet. It is super useful if your modem is not located where your PC is, however if both are in the same room it is largely redundant.

As for Optus Cable. We pay $90 a month which gets us unlimited DL and calls etc. Would be cheaper if we locked into a contract but as we rent we are on month-month.

Also, it really depends on where you choose to live - as some areas of Brisbane already have NBN access, which may also be a good decision. I think Telstra does 500GB NBN for $95 a month - so some of the lower cost guys would come in a bit less than that.