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International markets traders banter

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CanOz said:
Well there's the Aug low in pre cash on the Dax....can we retest in cash?
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I made a mistake and tried to trade the down trend. Continuing to short sell the DAX against this persistent cover rally which I hope the longs are making a motza.
 
Wysiwyg said:
I made a mistake and tried to trade the down trend. Continuing to short sell the DAX against this persistent cover rally which I hope the longs are making a motza.
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Looks like you were standing in front of Mr Global Macro.
 
sinner said:
Does it count if one is always a little bit long? : I've been running about 30% net long (with about 30% of that in Germany) for over a year now
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Don't gamble on market direction! Oh but you're net positive of course 'cause you're a good f.i.g.j.a.m.
 
Wysiwyg said:
Don't gamble on market direction! Oh but you're net positive of course 'cause you're a good f.i.g.j.a.m.
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I'm net positive mostly just because concentration of my entire net worth into cash and gold makes me uncomfortable, it's not a claim that I'm "a good f.i.g.j.a.m" (which doesn't even make sense if you expand the acronym )

Blind Freddy could see that maintaining any equity net long position over the last year has been a losing proposition, so not really sure how that makes me out to look good.
 
Today was a gift. I traded like a dog today, I mean seriously a dog could have done better. I'm quite pleased though because the market taught me a valuable lesson today.....and it didn't cost me a fortune because even though I traded like crap, I still managed my risk....

Had another dozen disconnections today from both data suppliers....also got stuck in an IG trade, or so I thought. I hedged it off only to find out I wasn't still in the trade after all, platform error....what a day
 
Through everything so far, the S&P500 is only down -10% from peak after gaining +200%.

I'm not sure if that indicates the upside or downside.
 
I'm going to go out on a limb here and call this correction over, based on the SPI on the Eurex equity products. The only caveat i have is the gap created from yesterdays session open.....Otherwise, very bullish above yesterdays highs and not bearish unless we close the gap and continue lower....

anyone else with me?
 
Gotta love CFD providers....
 

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notting said:
Oink
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LOL .......

I'm actually trading the best I have in months this week ....... Mainly because I've been away for a few days and stopped trading altogether ..... Sometimes the recipe for success is simple
 
Modest said:
I am glad I don't trade NFP
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Why not? Already popped some E

Here's a fun exercise: what happens if you trade every NFP 'surprise' move on the ES (x % above/below consensus) with first entry at the end of a 5min bar, and pyramid every 5min bar after that ? Out on a retrace that breaches the prev bars range
 
cynic said:
I'm really glad that I do! It's often my best day for the month.
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I tip my hat to you sir but it just feels like it's pot luck unless you've got a 'mate' working at the ABS or something if you get my drift
 

Try the 2 bar high aka 10 min bar for entries and exits or better yet a Chandelier style exit and entry. My experience has been that on news dayscthat kind of trading really helps to have a simple algorithm handle the work for you as the breakout and exit points can often come and go quite fast. Using risk informed targets like 1:1 with limit orders to exit is also effective.
 
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