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- 9 June 2011
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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.
Are you saying you use fewer chart patterns on the bonds and more "ideas" involving context?
if this was FTSE fair call but this was in the bonds, different kettle of fish
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!!
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?
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.
also true, doesn't mean that's not an opportunity in itself. DUCY?
I find thats the problem I have when I trade and wait for chart setups rather than trading ideas.
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.
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.
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,
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!!
ohh no...
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