International markets traders banter

[kid hustlr]

Are you saying you use fewer chart patterns on the bonds and more "ideas" involving context?

short answer yes with an if long answer no with a but.

Hard to explain and I'm to annoyed to bother but I just didn't make money when I should have.

 

[havaiana]

if this was FTSE fair call but this was in the bonds, different kettle of fish

Are you trading them outright or spreading?

I reckon bonds suck for trading outright, particularly Aussie bonds

You're either flipping for ticks, but there is too much competition in trading them that way which is why there is the tiny range forever than straight line to next tiny range area as every man and his dog flipping races to cover.
Or dying a slow death trying to trade breakouts

 

[kid hustlr]

Are you trading them outright or spreading?

jobbing around the curve in the main, I guess you call it spreading? we lean against the curve a lot but theres also the 10s10s the bills etc, a lot of what Sommi spoke about in his thread but probably a shorter time frame (at least for now for me)

I reckon bonds suck for trading outright, particularly Aussie bonds

I agree in the main

You're either flipping for ticks,

true

but there is too much competition in trading them that way which is why there is the tiny range forever than straight line to next tiny range area as every man and his dog flipping races to cover.

also true, doesn't mean that's not an opportunity in itself. DUCY?

Or dying a slow death trying to trade breakouts

As discussed in the futures thread I've come to the conclusion that break out trades aren't ideal for futures, doesn't mean they don't exist but its not as simple as buying the 52 week high!!

RED

 

[CanOz]

I find thats the problem I have when I trade and wait for chart setups rather than trading ideas.

An example could be time when the market is due for a short covering rally?

 

[avion]

An example could be time when the market is due for a short covering rally?

Can, i think today is prime example, today ideas won, chart setups lost...

 

[CanOz]

Yeah, one of the "patterns" i used to watch for is a little difficult to describe....say the market has sold off hard like it has for a couple of days...then the market gaps down like today and every little dip lower gets covered with shorts taking profit....The market just can't seem to break lower and has this feeling of being "too short" to drop any further, its almost like its needs to rally a bit. That's when to look for a long opportunity. I mentioned it before, a few times i think. The opposite is true too when the market gets "too long"...

 

[CanOz]

Since its trendy (yet wrong!) to be bearish this anit good,

View attachment 55459

S&P500 making new highs and the 52 week new highs (yellow bars and 20 day avg blue line) very much lagging and even looks to have rolled over.

Nice indicator TH...

 

[havaiana]

also true, doesn't mean that's not an opportunity in itself. DUCY?

Not really, I still don't see how that makes them good to trade outright. because they still need to breakout enough and far enough to cover all the fakeouts. In saying that, I'm sure there are people who can trade them outright just fine.

 

[tech/a]

I find thats the problem I have when I trade and wait for chart setups rather than trading ideas.

I don't know about you but charts give me an indication that something is about to happen or happening before its crystalizes on the screen.

 

[kid hustlr]

Not really, I still don't see how that makes them good to trade outright. because they still need to breakout enough and far enough to cover all the fakeouts. In saying that, I'm sure there are people who can trade them outright just fine.

Yeah I mean opportunity in every market.

except gold because the central banks control them

 

[CanOz]

except gold because the central banks control them

ohh no...

 

[avion]

I don't know about you but charts give me an indication that something is about to happen or happening before its crystalizes on the screen.

Agreed Tech, on most days charting works well (otherwise how do you trade...) but on odd days may as well toss the coin unless you have an 'idea' what's going on.

 

[Trembling Hand]

An example could be time when the market is due for a short covering rally?

I'm talking about that little man that always giving you an excuse why you shouldn't do something, Shouldn't enter, shouldn't hang on for more etc because there is a possibility you may be wrong!

For example here is my day,


1. Pre-open. What are these jokers up to? 200 point gap?! I’m going in long and strong on the open.
2. Perfect, in here
3. I’m a farking genius!!
4. That should of popped : (
5. Fark… scratch and reverse. This looks now like a gap and run open. $$'s to be made here!
6. Haven’t got much volume here…. Grr!!
7. Suck it up sook and get more. (Little man in head “******** there is no logical stop here it could whip back against you and it’s the start of ANOTHER crap day”)
8. Piss off little man I want more of this we have a runner…..I add to short (Little man “I’ll be saying I told you so soon”)
9. Ha! See comment 3 little man!! (Little man “You are an idiot, we are 300 points down and your adding to shorts, Man its way over sold!!”)
10. Look at the P&L. I do have a lot and that’s a nice 8 minutes work.
11. OK I’m feeling sick now, I have tunnel vision and if he is right and it whips back I’ll be scrabbling.
12. Start taking some off.
13. Whoa here comes the whip back I’m in trouble! (Little man "HA i told you so")
14. Close close close, here here and here. Very nice start. (｡♥‿♥｡)
15. Ok next trade,
16. Lets think about getting long,
17. Faaark!! I missed 100 points. That’s a stop sweep. Get in long man, get in long & hard (little man “wait to the higher low; it will come”)
18. Fark its running!!!! (little man “wait wait wait for the set up)
19. (Little man “patience, you know its abou……) Oh will you pissoff!!
20. Rest of the rise I play chew and spew!!

 

[CanOz]

lol...brilliant! Well narrated.

 

[skc]

I'm talking about that little man that always giving you an excuse why you shouldn't do something, Shouldn't enter, shouldn't hang on for more etc because there is a possibility you may be wrong!

For example here is my day,
View attachment 55681

1. Pre-open. What are these jokers up to? 200 point gap?! I’m going in long and strong on the open.
2. Perfect, in here
3. I’m a farking genius!!
4. That should of popped : (
5. Fark… scratch and reverse. This looks now like a gap and run open. $$'s to be made here!
6. Haven’t got much volume here…. Grr!!
7. Suck it up sook and get more. (Little man in head “******** there is no logical stop here it could whip back against you and it’s the start of ANOTHER crap day”)
8. Piss off little man I want more of this we have a runner…..I add to short (Little man “I’ll be saying I told you so soon”)
9. Ha! See comment 3 little man!! (Little man “You are an idiot, we are 300 points down and your adding to shorts, Man its way over sold!!”)
10. Look at the P&L. I do have a lot and that’s a nice 8 minutes work.
11. OK I’m feeling sick now, I have tunnel vision and if he is right and it whips back I’ll be scrabbling.
12. Start taking some off.
13. Whoa here comes the whip back I’m in trouble! (Little man "HA i told you so")
14. Close close close, here here and here. Very nice start. (｡♥‿♥｡)
15. Ok next trade,
16. Lets think about getting long,
17. Faaark!! I missed 100 points. That’s a stop sweep. Get in long man, get in long & hard (little man “wait to the higher low; it will come”)
18. Fark its running!!!! (little man “wait wait wait for the set up)
19. (Little man “patience, you know its abou……) Oh will you pissoff!!
20. Rest of the rise I play chew and spew!!

Post of the year!

 

[avion]

Hahaha, classic TH, thanks, you are giving a lot here... all the while i was thinking your 'idea' was a predetermined test of some low only guys like you can see.

On the other hand i was almost opposite thinking it will be down day, only to get chewed up on that rise...

 

[tech/a]

Great post love it.

But man am I glad I'm not in your head!!

But in all seriousness as you point out your trading the little man.
The stop sweep you were right on top of and were looking for a better setup.

I often get caught when I see a move that has flown just as I sit at the computer.
I will at times play it and set the stop to B/E as soon as practical---Did that a few nights ago on the FTSE.

But agree entirely.
I shut my little man off by leaving the screen.

 

[CanOz]

TH, you just using your chart as a reference at a glance...occasionally right? Your entire focus is on the TT DOM and time and sales...or just the DOM?

 

[avion]

Does it look like him:

 

[kid hustlr]

ohh no...

I was joking...

Post of the year!

agreed.

TH, did you get long and hold (ie. whats chew and spew)?

That's an incredible stop sweep by the way