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DH7 Trades the Bond Futures

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I guess just like any emerging economy, its got its issues. Still needs time to mature.
 
Long 2 x @ 10.0.

Equities look like theyre stalling and seems like a low risk set up for an easy scalp trade.
 
100% serious question.

If the e-mini look like its about to rollover, why do you buy the notes instead of selling the e-mini?
 
While the emini is about to roll over, my eyes are constantly looking at the 5/10 year notes. Im watching to see if they are starting to turn around while the emini is stalling. Im watching the offers shave/get thinner what ever you call it. Im also hoping that the notes will go even further down so I can buy them at a better price.

The notes have a much smaller range. Maybe 15 points a day. It happens a lot where the notes go against you then eventually come back. Plus the set ups in the notes can still proceed even though the emini is nto doing what it should.

So your using I guess a sort of filter to eliminate potentially bad trades.

Who knows, there arent many retail trades in the bonds market or I dont think there is. Possibly removes a lot of noise and makes it more predictable?
 
If I trade the equities on their own, I can only use other equity markets to compare market action.

Bonds might have a direct correlation to the actions of the equity markets.

Risk > Bonds go up.

Equities feel like they lead and the bonds movement is like a ripple effect..

Who knows, I'm just trading it because ive just ended up here by chance and if its working, im not questioning it too much haha
 
Another good thing about the notes and bonds is, since the raneg is small, levels are much more noticeable.

If youve got a huge range, keeping your eye on the dom is a challenge. You cant really move. I can memorize a level, come back and see how the bids/offers have changed. Easier to read
 
kid hustlr said:
100% serious question.

If the e-mini look like its about to rollover, why do you buy the notes instead of selling the e-mini?
Click to expand...

Same for the other indices Kid, when I'm trading the Dax, the FTSE or CAC might be leading and they look toppy i'll be looking for toppy signals in the Dax/FESX/ES/CL and bottoms in the 6E/6J, etc...I feel though, that's the way guys might add other markets to their playbook, by watching them so much as an indicator
 
I guess it was a loaded question - kind of.

I'm all for correlation and confluence (what a buzz word) - not arguing that for a second.

I also agree about the depth in the DOM for thicker markets being more 'readable' or having more meaning.

Further, I agree bond markets are more mean reverting (in my experience, no numbers to back this up).

I guess in my head if you are trading market A because you think market B is about to move in a certain direction, then why not trade market B?

By the way market B will also offer more opportunities each day.

Now if you frame a trade in market A, and market B confirms your view of what you think (hope) is going to happen in market A, that's a different story (and what CanOz is getting at I believe).
 
Yeah Can is doing the exact same thing in different markets.

I agree with what your saying Kid, I mean if Im really feeling a move in market a) also, its a no brainier to take the set up. Take more opportunities.

Now when your wrong like I was, I lost 5 points before thats when it will hurt haha.

I pulled out my boxing bag from the garage, beat the hell out of it, got my hair clippers and gave myself a buzz cut as I was so frustrated and had to go for a walk.

The lesson is, dont take half setups. Yesterday and today I feel like ive been doing that heaps. Slightly disappointed at myself. The setup was ok, but the emini just kept rising instead of backing off and thats the double edged sword. This still requires you to take some heat and when your wrong, especially at a support level you burn a bit.

Most people say dont get emotional when trading, I guess that applies after a very long time and when you have utmost confidence in yourself and your system.
 
I guess if i can get the notes trading pat down, then I could start taking setups in the emini.
 
darkhorse70 said:
Most people say dont get emotional when trading, I guess that applies after a very long time and when you have utmost confidence in yourself and your system.
Click to expand...

Up until very recently I use to get super freaking annoyed and emotional during my trading. If you look at my thread from a month or so ago I was a very frustrated little boy lol ... Often times I would flip out and scare the hell out of the cat.

Now days I accept it and move on. It's only recently that I have come to terms with this aspect of the market and that it is okay to have a losers.

I am much more calm but it has taken nearly a year to come to accept this simple cost of business.
 
Your right about it being a cost of business. Like Kham Dadhwar says, its just a business expense. After every dip, there will be a rally in your equity curve.

I guess its a combination of probability + desensitization (to the norm).

I guarantee even the super elite who made a bad trade during say for example the gfc would have gone nuts haha.

Its highly shunned across atleast in a prop shop to be emotional.

I guess because if your happy and others are doing crap, theyll feel even worse and via versa.
 
darkhorse70 said:
Its highly shunned across atleast in a prop shop to be emotional.

I guess because .......
Click to expand...

You're a trainee and no one want to hear anything from them.....

Those that are live I have always found that the greater their P bit of their P&L the noisier they are. The ones who have the risk manager metaphorically looking over their shoulder waiting to pull the pin are the quietest.

Aint nothing wrong with feeling and expressing your emotions. Its what you do once they arise that makes the diff between profiting from them or not.

 
Last edited by a moderator:
hahah Im cracking up TH.

Must of been a hell of a boring day.

Cool set up though.

By the way sold 7.5, bought 6.5

1 point
 
Total for today = $-75

Good come back. One bad trade cost the days entire profits plus some more. Managed to bring the damage close to BE which im happy about.
 
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