Today's US RTH did not provide me with much. Two quick scalps which bled -2 ticks (both were for longs) each, although the first one was cut short by my two-and-a-half-year old son hanging on to my arm for attention. I think I could have done better, but I'm glad I did not try. This market did not suit me today, so I would have done better without trying. Everyone will have to pull their socks up for tomorrow, though. Maybe I'll look at what later sessions do, but I'm only glancing - since looking at this drag sometimes is more exhausting than over-trading. By the verboseness of other traders it seems they also did fairly well today - not.
Today has been a good day for me. Actually, I stayed up late last night looking for shorting opportunity. After getting chopped, I was able to put my short, trail it little bit and go to bed. I slept for about three hours. I was 30+ in the morning--I was lucky. Most of the day, I went for 8-12 ticks both long and short. I'm about +50 ticks net now including commissions. I'm holding a long position now. I'll unload some of it around 1.2910.
Exactly! The moment I start feeling like "god", P/L starts heading south almost without exceptions. I know this phenomenon very well now so I have my trading breaks. Hey, maybe we'll pull Mt. Olympus tomorrow
I'm in the same boat. I think we will go at least to 1.2950 tomorrow after FED hikes / bad trade report I'm also shorting the 30yr treasury.
I'll unload my longs (or get stopped out) before this Globex session ends. I don't have any biases regarding tomorrow. My only wish is to see clean and slow directional moves I'll be ready to take both sides. Edit: are you going to hold your longs thru the reports?
i wish it were as easy as "clean and slow directional moves" .LOL we'd all be rich :> no, i too will sell sometime this session. i don't think it will make it to 1.2910 at this rate, however. i have just been scalping between 1.2899-1.2903ish. i don't predict much action this evening (EST) .. morning around 8 we should start seeing some market movement either way (as we all know, the reports slip through the cracks and known to people before the reported time) so i'll check what the market did at say, 2, 4, 6, and 8 .. if i can see a trend, i'll most likely go in that way. k.
Yes, it looks quite unlikely to hit 1.2910 within the next 50 minutes. I took half off at 1.29. I'll keep the other half for a bit more. I got into habit of checking the market after 1 am EST. I'm planning to take trades only if I see a big chance of developing into a trend. I might as well rest tonite to get ready for tomorrow. There should be many opportunities present tomorrow. Edit: I'm back to flat--time for my beauty sleep
i think tomorrow if you wait for a "big chance" you will miss the boat. kind of like how friday was. maybe i'm wrong though. i have not sat through a FED hike / trade report with the EURO before. but i know that is how it is with the 30yr.
By big chance, I meant it for tonight. Usually, I tend to enter more during the pullbacks and pullups then at specific points. Trying to pick up bottoms and tops haven't worked for me! Euro tends to spike like crazy sometimes so I find it better for my P/L to wait for a reversal in a trend, then enter during a pullback in that new trend. I'm more familiar with the 10-year which sometimes makes one-way moves reacting to the reports. Meanwhile, Euro will be going around like chicken without head until settling down
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