DH7 Trades the Bond Futures

[darkhorse70]

Agreed, I guess thats the beauty of sim trading. Try to eliminate all the flaws.

All it takes is for the markets to keep trending and trending and its game over. Not sure why, I just feel paralyzed and I have a mental block when it comes to hitting out on the stop.

Im trying to increase the size of my average winners so I can buffer bigger losses.


Thanks for the link, ill get it sorted. I sent MC an email a while ago and they never got back to me regarding performance stats....

 

[darkhorse70]

Made 2.5 points shorting 1 lot.

+ $78USD

Going to play it safe trading smaller entry sizes. Create a buffer for the day then get bigger If I see a good trade.

 

[darkhorse70]

Only from the beginning of this month.

Obviously those 2 or 3 potential large losses which could have happened would have resulted in a much different scenario. I need to properly digest the information of this stats so I can work on my issues.

 

[darkhorse70]

Hoping to see the notes slowly grind back up, with the equities grinding back down. Then watch to see if any one jumps in to push up equities/oil. Could be a good trade to sell the notes then.

 

[darkhorse70]

Sell 1 x @ 25.5

Bought 1 @ 24.0

 

[darkhorse70]

Long 1 @ 23.0

Sold 1 x @ 24.5

Total Profit for today = $170USD

 

[darkhorse70]

Short 2 x @ 129'1.0

Bought 1 x @ 29.0

 

[darkhorse70]

any one know whats going on. equities just went bid including notes. I want to fade the notes but not sure as toop which market is acting up....

 

[Chris.M]

any one know whats going on. equities just went bid including notes. I want to fade the notes but not sure as toop which market is acting up....

probably this: http://www.boj.or.jp/en/announcements/release_2016/k160129a.pdf

 

[captain black]

any one know whats going on. equities just went bid including notes. I want to fade the notes but not sure as toop which market is acting up....

Bank of Japan has announced a negative interest rates policy.

Will post link in a minute...

 

[darkhorse70]

Yeah just read it off a friend from FB.

Thanks mate

 

[captain black]

Link:

http://news.forexlive.com/!/governor-kuroda-boj-meeting-announce-monetary-policy-20160129

 

[darkhorse70]

Thanks CB, i got smoked out on this trade. Going in big 4 lots long on notes.

 

[captain black]

I got smoked out on this trade

Yeh, I got smacked around with positions on the SPI and Kospi futures when the news leaked out on Reuters

I've been short on both for the last 25 minutes so feeling much better now

 

[darkhorse70]

haha, yeah i was confused too. Both markets were heading up. Im going to hold long on the notes for a while. There at their highs atleast since last year near august so there should be some good momentum given if the equities keep going down.

 

[skc]

any one know whats going on. equities just went bid including notes. I want to fade the notes but not sure as toop which market is acting up....

Preparations... your daily routine must include an overview of major scheduled events before you put any trade on.

You should set an alert (on your computer, phone, trading platform etc) 5-10 minutes before scheduled time.

You don't have to have a view on the event (although it could be helpful), but you should never be caught off guard with a scheduled event.

 

[darkhorse70]

Hey SKC, yeah youre right. For some reason Ive only been focusing on the US and Euro figure releases.

Good wake up call.

 

[darkhorse70]

By the way, as far as my performance spread sheet ignore the stats. Its wrong and its changing when I change the dates to impossible results. Sent amp futures an email to get it sorted. Ill posted it up afterwards....

 

[captain black]

Preparations... your daily routine must include an overview of major scheduled events before you put any trade on.

You should set an alert (on your computer, phone, trading platform etc) 5-10 minutes before scheduled time.

You don't have to have a view on the event (although it could be helpful), but you should never be caught off guard with a scheduled event.

Excellent advice. It's always a tough choice with the BOJ meetings as there's no fixed time, the meeting drags on for ages and like today there's often leaks during the meeting. I don't generally hold positions across big announcements but with the BOJ it's a choice of not trading for half a day or wearing some slippage occasionally like I did today.

 

[darkhorse70]

Well its definitely a lesson I wont forget again.

At aliom as trainees, we weren't allowed to hold any unhedged positions going into high impact figure releases.

In reality, the market could tank suddenly so its one of those risks that could do big damage.

For some reason, im usually more comfortable going into a figure release if the markets going against me rather than if the market is going with me. That is, if i expect the market to turn around and using a figure release as a catalyst.