Australian (ASX) Stock Market Forum

DH7 Trades the Bond Futures

20jan2.jpg
 
Bonds/notes rallying.

Emini making new lows, Crude oil making new lows. Assuming china is selling off. lets wait and see if buyers step in.
 
Bonds/notes rallying.

Emini making new lows, Crude oil making new lows. Assuming china is selling off. lets wait and see if buyers step in.

China H share down almost -5%, the Hang Seng almost -4%, The A50 -3%, Shanghai Comp-2.9%
 
Long 2 x @ 29.0 (if not mistaken)

Sold 1 x @ 30.5

Equities still selling off (emini) and it defiantly looked like notes were bid.There were pushign towards the highs set a few days ago plus its a relatively significant resistance level set in august 15. With that much force on the equities, some shorts are bound to go covering.

Profit 3 ticks (1 lot) = $45
 
Im slightly hesitant to hold as the emini is off more than nearly 40points since the open.

Obviously the rules of atr dont always apply but im just waiting to see if buyers step in. Theres always set ups to be taken advantage of. Play your strengths. Theres so many opportunities in the market that some times we try to chase them all and get burnt.
 
We had a huge pull back yesterday. Either shorts covering or interest provoked by buyers.

We might see some further short covering today/shorts getting squeezed.

Need to wait up for some good setups. Im waiting to see if this buying stops or keeps going before I get into any position. Atleast the short term buying which is still happening right now.
 
Ok loaded up 3 lots . Accidentally hit market on 2 instead of limit ordering. So i bought another 1 lot averaged down 1 tick.

Just sold 1 lot for 1 tick profit.

Still have 2 lots at a price of 21.0

E mini looks like it could potentially have some pullback and notes might go bid for a while. Revert back
 
Sold the other lot at 22 as well.

Not sure if theres enough conviction to hold on.

So basically I wet long 3 x@ 21 and sold 3 @ 22.0

I screwed up with the entry but I need to learn how to size up in positions and size out of them.

Profit $90usd
 
ECB Day today, so we might have a quiet EU session ahead of the announcement:2twocents
 
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