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Tech/a vs. CanOz - Futures Trading Competition

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I think I need to be more weary trading the open, very easy to get run over. What bugged me today was I actually did want to buy it and my feel was freaking spot on but somehow I got caught short and just couldn't get out.

Can,

not sure I'll be able to give much insight and as you'll see from my thread when i type it I've hardly been super successful but I'll type up a thread sometime this weekend. Thinking ill drown my sorrows in front of the big bash tonight 2 days back into it and i can feel those stress levels rising ha
 
kid hustlr said:
I think I need to be more weary trading the open, very easy to get run over. What bugged me today was I actually did want to buy it and my feel was freaking spot on but somehow I got caught short and just couldn't get out.

Can,

not sure I'll be able to give much insight and as you'll see from my thread when i type it I've hardly been super successful but I'll type up a thread sometime this weekend. Thinking ill drown my sorrows in front of the big bash tonight 2 days back into it and i can feel those stress levels rising ha
Click to expand...

Don't blame you, i think i'll do the same :silly:

I think it would be good to know the process you went through, as so far i can tell its bloody hard work. It would be great for others to know this too...
 
kid hustlr said:
I think I need to be more weary trading the open, very easy to get run over. What bugged me today was I actually did want to buy it and my feel was freaking spot on but somehow I got caught short and just couldn't get out.

Can,

not sure I'll be able to give much insight and as you'll see from my thread when i type it I've hardly been super successful but I'll type up a thread sometime this weekend. Thinking ill drown my sorrows in front of the big bash tonight 2 days back into it and i can feel those stress levels rising ha
Click to expand...

You mark up a chart with support and possible targets, or right down a trading idea before the open? etc

Its a little easier waiting for a setup when you actually have one to go by rather than just winging it tick by tick.

Speaking of wasted plans I know......

Grrr2.gif :eek: :(
 
Trembling Hand said:
You mark up a chart with support and possible targets, or right down a trading idea before the open? etc

Its a little easier waiting for a setup when you actually have one to go by rather than just winging it tick by tick.

Speaking of wasted plans I know......

View attachment 56723 :eek: :(
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I'll start a new thread, it might generate some discussion and I'll go into more detail about 'a day in the life of kid hustlr' but these were my thoughts this morning:

- It appears that the market has had a 'change of tune' since the RBA meeting on Tuesday. Since that meeting the curve has moved up strongly from 1.005 to 1.07 and both markets have clearly been heavy with the recent highs being made pre RBA in both markets (3s and 10s). The selling flow has been heavy in both markets since then with XT being especially heavy.

- Noting the above, we've got RBA minutes/talk today and then the big NFP tonight and as such most guys will want to be square going into it. Given the market appears short term short and we've had a pivot high and then 3 days of selling there may be some short covering to take place. I also note that the volume last night was relatively light and YT is at a little bit of support.

- Given most of the flow is in XT these days and the curve has moved quite sizeably over the past 3-4 days to the upside with the market coming off, I think I'd rather buy XT and worst case be short the curve. There must be some long curve players that need to unwind. One could also argue the curve is a longer term sell and this is a sell the bounce chance anyway.

quick example.jpg

You've harped on about context til the cows come home and the last few months the penny has dropped for me, its still a matter of trusting yourself and knowing the best way to execute my bias though. Anyway I'll write up a thread soon
 
So is this no longer running now?

I'd be interested in considering putting my hand up for something similar once daylight savings changes and I'll be able to trade more frequently.

I will consider it, but not sure yet.
Anyone else interested?

So it would probably commence he beginning of April or around then I think.
 
pavilion103 said:
So is this no longer running now?

I'd be interested in considering putting my hand up for something similar once daylight savings changes and I'll be able to trade more frequently.

I will consider it, but not sure yet.
Anyone else interested?

So it would probably commence he beginning of April or around then I think.
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I'm still trading, just nothing to report, been in a wheat spread for a week and its hardly moved....of course the Heating Oil spread took off again and hit the profit target in three days...without me.

I'll hopefully be employed again by then so i'll be out mate...
 
pavilion103 said:
So is this no longer running now?

I'd be interested in considering putting my hand up for something similar once daylight savings changes and I'll be able to trade more frequently.

I will consider it, but not sure yet.
Anyone else interested?

So it would probably commence he beginning of April or around then I think.
Click to expand...

You might find it interesting watching these guys, even if you arent trading much now. You dont see how or what they trade, but seeing the returns change and thinking about what's going on in the market is interesting. The bloke on top spot came from no where and was over 100% last week, now seems to be going back a bit. The returns are straight returns on starting capital. So if the bloke on top spot started with the min $10k he has made $6.5k to date, $20k would put his profit at $13k etc. They also have FX running this year so interesting to compare the returns.

http://www.worldcupchampionships.com/live-stats-3
 
Still in my wheat spread, its pretty quiet though...and slightly in profit.

No other spreads on the radar that are near entry yet.
 
With Tech no longer around here, would you be interested in starting a new "competition" when daylight savings ends and I'm back on "full time"?

Anyone who is interested can sign up.
We could even do a leaderboard.
Weekly updates.
Run for 3 months.

Maybe we can have a maximum starting capital, say $35K.
(I'd only have 20-25K in my account - enough for 2-3 contracts of FTSE, but doesn't fuss me if someone has 35-40K because even if I put in extra, I wouldn't use that amount).

We can make the "winner" the one with the most profit (not largest account size or percentage increase of account size).


CanOz would you be keen?
Anyone else interested in putting their hand up?

I believe that this would generate great interest on this site.
 
pavilion103 said:
CanOz would you be keen?
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I'll have a go if I'm around...currently awaiting an offer or two on employment back in my previous field. When i accept I'll be trading Nick's Power Setups EOD again.;)
 
skc said:
He works? No seriously... he hasn't posted since 10 Feb which is unlike him - he was posting even during his overseas holiday! So just checking to see if you know that he's OK etc.
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He's all good.
I keep in regular touch.

Not sure if he'll be around here for some time though.
 
skc said:
Thanks. Good to hear.



That's a shame.
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+1

Thanks for letting us know pav,please send him my regards. His participation is definitely missed.
(On second thoughts, , I did manage to make small profits on the DAX this past fortnight, so perhaps my interests are better served by his absence. Then again, profit or not, I definitely miss him.)

I'll certainly be watching this competition with interest and quietly comparing posted results with my personal performance, but shall decline to participate (primarily out of concern for the sanctity of my grail and secondarily on account of three months being an unsuitably short time frame for my trading methods).
 
That's a shame as he is a great contributor to this forum. Bring back the Duck. This the first signature on the petition.
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+1 however unless I have missed something sure is an odd duck.................

Enters a competition and then disappears without a trace no explanation no nothing :eek:
 

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