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Really wondering why i am trading the Aussie 10 year these past few days when the volatility has been so crap.

Hopefully there is a decent move when this range breaks

aussie 10 year.jpg
 
Really wondering why i am trading the Aussie 10 year these past few days when the volatility has been so crap.

Interesting. Why did you pick that instrument to trade? Are you ex prop?

Personally I'd prefer to be a unicorn farrier, more to do.
 
WTF???:confused:

what happened? Good news i guess??

Must have been G.Sachs earnings....looks like it got some shorts on the run...

CanOz
 
WTF???:confused:

what happened? Good news i guess??

Must have been G.Sachs earnings....looks like it got some shorts on the run...

CanOz

Not entirely sure, but whatever it was, it just wiped out a third of my profits from the past week (Damn it!).
 
Interesting. Why did you pick that instrument to trade? Are you ex prop?

Personally I'd prefer to be a unicorn farrier, more to do.

Ha ha. Not prop, I did a month of online training/sim with propex and we could only trade US/Aus Bonds. So it just meant i had a couple of months experience in Bond futures and nothing in any other futures (previously traded forex).

I have a pretty small account and transaction costs are pretty cheap for the 10 year if you have a small retail account and no minimum volume requirement (10 year i can get commission for about 6% of a tick value versus about 9% of tick value for SPI). Also margins are very low compared with tick size and i can use that margin because it moves so slow can keep my average loss to around 1.5 ticks or less.

But i guess i didn't anticipate the volatility would be such a factor, i'm just not finding enough trades. Considering a switch, my broker only offers Nikkei, SPI and MSCI, going to have a look into them over the weekend. Mind you this morning look promising in XT, unfortunately it Gapped outside the range though so i couldn't trade through it.
 
Kospi is making it worth while :)

Funny old market aint it? This is why daytrading is hard. One day you are faced with a rip roaring one thats flowing 20 to 40 or more points a min then the very next day you get a 80 point range for the whole morning session.

Ya gotta know what game you're playing before you are told. :cool:
 
Funny old market aint it? This is why daytrading is hard. One day you are faced with a rip roaring one thats flowing 20 to 40 or more points a min then the very next day you get a 80 point range for the whole morning session.

Ya gotta know what game you're playing before you are told. :cool:

Yeah and different periods during the day too, like the last 3 days haven't done much from after the first hour or two till the close, fairly quiet relative to what it can do when you look back further, but I guess the longer it's quiet the bigger the bang when it goes off.
 
Wow, a pile of sellers just got absorbed and then the price rocketed up thru the HOD...nice.

CanOz
 

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