DH7 Trades the Bond Futures

[darkhorse70]

Trendenomics, I see your point with the trend following and the incentives of long term investing. I wish my parents put my into go kart racing when I was young or forced me to take random lessons. I suffer from anxiety which I always have and at one point it got really bad. Aiming for some thing ridiculously insane yet possibly feasible is some thing that keeps me going.

It's like the light at the end of the tunnel. As long as I feel like im making small progress towards that goal, I feel like I can be at peace. I guess as a unpopular kid at high school, you always strive to be respected for some thing great. In my social circle I want to be great at some thing. It's a huge challenge.

Im saying all of this in response to the tertiary education. Hopefully this is what it is and eventually I can survive off this. I guess part of the challenge also is adapting to new challenges of changing markets.

 

[darkhorse70]

TH, youre one of the most brutal people on this forum lol.

I mean this as a compliment and this is assuming that the myths about you are real but for some reason most successful people who are at the top of their game come off as a holes. Im like that with my younger brother, I think he slightly resents me for it at times haha.

I guess this is a combination of being so blunt and truthful (at least from their perspective).

 

[banco]

Ive got both his books. Actually I just watched a random vid of his today and thats where I got the quote from.

The trainer from Aliom said smb's days are over. He said all equity traders these days are struggling. Not sure hwo true that statement is but he said thats why they offer all these courses. So they can make some sort of revenue.

Not to get off topic but I purchased access to SMB's webinar library and it was all pretty trite stuff.

 

[darkhorse70]

Thanks for the heads up Banco.

In all honesty, I dont think ill ever buy another trading book again. Unless its to teach me about the basics of an instrument because all these tips and stuff, its great but it's all relative to context. I specific tip might be great for a certain way of trading or combined with a few things its great, but alone its meaningless.

 

[darkhorse70]

Some comments about Fridays market activity.

Looked like there was a huge short covering rally/squeeze or whatever you want to call it in the notes.

The US at least pushed their way down to that 1850 mark (emini).
Levels which were seen during August 2015.

It pulled back atleast 20 points which looked like possibly a) shorts covering or possibly buying.

Now the emini was able to close back within the previous day levels.

There could be strong volatility around this area.

Unfortunately I dont have access to data past October for the notes (not sure why maybe due to contract roll over).

I just nede to figure out what the effects are if the equities continue to fall. Im always curious as to where inventory is built up at. This game revolves around manipulation and stop levels. Always thinking two steps ahead. Trying to think like the losers and going against them is the goal.

If im not wrong the VIX index has been pushing further up.

As TH mentioned (hate to constantly use you as an example but whatever haha) I need to build more context. Ive got access to alot of the markets if im not wrong. I need to connect my third monitor so I can chart the chinese markets/euro markets.

Even though i personally believe what ever happens in them usually (note usually) effects the us equity even during eth, Its good just to know what the hecks going on.

 

[darkhorse70]

I need to pull up some currency markets as well.

One of my biggest problems is being to lazy to take new action.

Once you incorporate new behaviors into your daily routine, it become automatic. But that action needs to be taken. It's like the principle of constantly pushing out of your comfort zones.

 

[darkhorse70]

At the moment I think all eyes are on China. So keeping an eye on where its at and what its doing is important to understand how the rest of the world is going to react.

Looking forward to tomorrow.

Adios.

 

[CanOz]

VIX....

 

[darkhorse70]

Level of possible acceptance?

 

[darkhorse70]

No real figures out today.

US equities have gapped open lower today.

Nothing to major yet.

Possible some players trying to cover over the weekend. Maybe related to sanctions being lifted in the iran deal and potential oil price impact??

 

[darkhorse70]

Long 2 x @ 12.5

Need to take the first trade of the week. Hate the hesitation.

Not sure how likely this trade is. Keep a close eye on it.

 

[darkhorse70]

Im hoping the equities start selling off plus the crude oil starts selling off.

Going to take profits off quickly and scalp around positions.

The aim is not to get caught in a strong market and try to fade small pull backs.

 

[darkhorse70]

Been stuck in this offside position for hours. If it starts to go my way, im going to load up one more contract.

 

[Modest]

Been stuck in this offside position for hours. If it starts to go my way, im going to load up one more contract.

Offside = flat?

 

[darkhorse70]

Bought another lot @ 11.0

Averaging down losers - Could be effective if done correctly.

Oil starting to sell off. Could be a catalyst for a rally in notes.

 

[darkhorse70]

Unrealized losses Modest.

I was up 2 points on 3 lots but i didnt sell out and now the markets turned again and i feel like smashing my head through my computer screen lol

 

[darkhorse70]

Im bloody fuming because now im offside 3 points and I havent gotten off my computer chair since 10am. I need to get out of this house for some fresh air but I cant do so till im closed out.

 

[Trembling Hand]

I was up 2 points on 3 lots but i didnt sell out and now the markets turned again and i feel like smashing my head through my computer screen lol

Ha! That's another advantage of a market that moves versus bonds. Bonds you can convince yourself that it will come back onside eventually. Equities/commods etc just throw you out when you are wrong... quickly.... next trade.

Im bloody fuming because now im offside 3 points and I havent gotten off my computer chair since 10am. I need to get out of this house for some fresh air but I cant do so till im closed out.

Some genuine bid lifting in the Euro Equities.

 

[darkhorse70]

Yeah I agree with you TH about the your wrong quick thing. But I was offside for a while, maybe close till the entire day. I think atleast 3/4 points but it eventually came back my way and up 2 points. At that point it looked like the equities were going to go down and crude oil looked like it was positioned beautifully for a down move. Thought it would be a great time to see some shorts go covering.

Then that strong buying came in as you suggest in the euro.

Now im just sitting here hoping that by the time this hour closes up, I need to see some sort of weakness or its time to get out.

 

[Trembling Hand]

At that point it looked like the equities were going to go down and crude oil looked like it was positioned beautifully for a down move. Thought it would be a great time to see some shorts go covering.

Nice quick gap close to start off the weeks cash open.

Then that strong buying came in as you suggest in the euro.

Now im just sitting here hoping that by the time this hour closes up, I need to see some sort of weakness or its time to get out.

Maybe...... but Guys that lift bids like that don't normally disappear after 30 min.....