DH7 Trades the Bond Futures

[darkhorse70]

Ok bought back long 2 x @ 30.5

Profit - 3 points/180USD



eMINI looks like it might cause a small short covering rally. My eyes are about to pop out of my head and I need to go for a walk. So I took my chips off.

 

[darkhorse70]

Came back to the emini which is rallying. 10 year t note down to 24.5

 

[darkhorse70]

If I hold most of my trades for a while, there usually decent trades. I just have the tendency to always want to lock in profits. Theres a cut off point where trying to hold on profits means less winning trades as a result. I need to find that sweet spot.

Im not stepping in for the time being as my edge is not there. I need a good setup to form. Usually its trading back to value.

 

[darkhorse70]

Strong rally in the bonds and t notes. Equity (emini) is re attempting to sell off again.

 

[darkhorse70]

Sold 2 x @ 0.5

 

[darkhorse70]

Bought 2 x @ 128'0

Profit 1 tick = $30USD

 

[CanOz]

Wow, what an afternoon on the Dax I was nearly on the day stop again and managed to catch the last thrust down on the Dax, bringing it back positive again for the day. Sure took some handy mouse clicking at the rate the orders were hitting the bid...I'm stuffed....

 

[darkhorse70]

sHort 2 x @ 0.5

Bought 2 x @ 1.0

Net Profit = -1 tick


Markets just whipping around Can?

The emini doesnt know what its trying to do.

 

[darkhorse70]

I put on a crazy trade. Shorted 2 x @ 1.5.

Looked like the equities was going to hold. Then it started dropping and the notes really started rallying. They nearly hit the previous days high.I was offside 4 points but at that moment it was the crucial test. The emini so some buyers step in at that low again. Now im only offside 1 point. US session going to open in 10minutes.

I want to hold this position as ive taken the risk and it could go in my favor now. It would be stupid not to. Ill take my positions off before the unemployment claims or before hand.

 

[darkhorse70]

Helll yeah, just sold 2 x @ 30.0 i think.

It was 3.5 points = $210USD

Total 6.5 points for today.

The move might of kept going but Im tired and want to watch a movie before i shoot off to bed.

This was todays hardest trade. The mental challenge to stick to a trade like that especially when your days profit is being vaporized.

 

[Modest]

I am enjoying this thread I haven't really seen this kind of trading before, it's very interesting even though it's all flying over my head still.

Good luck mate!

 

[darkhorse70]

Thanks Modest, Ive been keeping an eye on your thread to.

I guess were both are in the same boat. We do well on the sim but the real test is going live. Every day you count the profits and say to your self "If I can do this live then ill be rich". Ive made a plan so when I want to go live, I can possibly tell my brother to make the deposit at any given time without my knowledge. That way ill tell my brother to swap my sim account over haha and hopefully I want have any sort of bias towards the live training.

This strategy is simple to what your doing. Your watching the emini. Same thing here but I also have the advantage of another few markets so I can make the choice when they all confirm the same information rather than just basing all my decisions based on one price action.

 

[darkhorse70]

US equities made their way up yesterday. Possible short covering rally.

Unemployment claims came in a bit higher than expected. Didnt really do much. I think they attempted to sell off but buyers stepped in. Cant really tell, my chart timing is US time. Need to fix that.

As for today, im just viewing some levels. Trying to get a feel for the market might want to do and waiting for some levels to trade off.

A couple of big figures coming out tonight from the US.

 

[darkhorse70]

Long 2 x @ 29.5.

E mini looks like it might be selling off for a short period of time. Notes look slightly bid. Going to make a quick scalp if possible,

It's what they say, if you want more price confirmation, your going to have to pay more for it. Some times being the early ones is the best position to take. Thats how I trade,

 

[darkhorse70]

Ok sold 2 x @ 30.5

By the time I took a screen shot the notes had went back offered slightly but the profit figure is their of $60+

For some reason my T & S isnt showing properly. Going to fix that now.
Looks like the emini is going to go down and the notes might keep going but my style is to take the profit off the table quickly. Unless theres a very prominent move happening.

 

[darkhorse70]

Long 2 x 30.5

 

[darkhorse70]

Sold 2 x @ 128'0

Profit = 1.5 points/90$USD

Screen shot markets had just gone back offered for a second. Markets currently trading at 0.5 Emini might continue to sell off but its collecting consistent profits for me.

 

[darkhorse70]

An important quote by Mike Bellafiore " Is this trade worth my risk".

Some thing I should keep in my head.

 

[darkhorse70]

Made 1 tick on a potentially crappy trade. The market seems like it might want to tank and the notes look like they want to have a run through the highs but I guess the figures that are coming out of US are holding it back.

 

[darkhorse70]

I'm speaking with my friends brother so I think ill stop trading for today.

Total Profit = 3 points for today.