cont ... NG profit : 1 tick. no complaint longed gbpusd @943pm, 13210 with reduced quantity. reverse up profit : zero quite dangerous markets to trade. most likely big boys are resting, or having multiple tea breaks. better go and have nice cold beer then sleep
25 oct Asian market Everyday is a new day. Everyday we focus on present moment, not past troubles, not future worries. Trading is like meditation where we focus on present moment, not past, not future. 99% of the trading sessions are tradable. It is up to us to detect the signal and profit massively from it. Unlikely currencies and commodities will move during Asian session but we never knows. Will focus on Index futures. Now time for breakfast.
cont ... longed copper @ 920am 31995 profit : excellent. Why copper price went up? I think must ask the Americans. They pushed it up yesterday. as of now, seems like most currencies, indices, commodities markets are not moving. I trade about 15 futures per trading session. Seems like there is only one signal (long copper) for this session. OK. Time for morning exercise, then nice lunch again. I see that China xinhua A50 is going up. did not take that signal because its day range tends to be small
25 oct European session KEEP CALM AND CONTINUE TRADING Day trading will always provide. Just use a little finger muscle to pick it up. Day trading is 90% mind management, 10% technical. yesterday, eurex btp was up, eurusd, gbpusd, jpyusd, energy futures hardly moved, gold went up yesterday night out of no where. This morning Hangseng hardly moved. such pattern is quite typical as HS went down significantly last Thurs. So it needs to catch up with its breathe. This afternoon, it went down significantly after resting. which futures might move later? I have absolutely no idea. we simply trade based on present moment. FYI. The exchanges I am trading are : CME group Eurex SGX HKFE BMD signal missed : India Nifty up at 1215pm
cont ... shorted India Nifty @ 145pm, 10225, reverse down profit : 3 ticks. ok longed India Nifty @251pm, 10227. reduced quantity since this is late entry. trend continuation.
cont ... shorted gbpusd @3pm, 13225 profit : +ve. good. not stretching profit as overall picture doesn't appear bearish shorted palm oil @307pm, 2886 profit : -3t. ok longed dax @ 323pm, 13008 profit : zero. ok shorted eurex btp @ 405pm, 13691 monitoring eurex bund
24 oct US premarket analysis cattle and hog futures have been rather tradable recently. soyabean futures have been resting. Wheat futures were up yesterday but usually wheat futures hardly move. Russell moving few hrs ago. hope it is not choopy today. energy futures just moved. again HO and RB movement is tremendous and candles very long. Natural gas may want to sleep today. eurusd not moving perhaps waiting for this Thurs news. But then it can give you a signal out of no where. US bonds/ T notes and bund /buxl going down. They are all friends friends holding hands together. which futures going to move later? I have absolutely no idea. Just wait and see the candles grow. longed russell @850pm, 15038 with reduced quantity since this is not the first signal. The Europeans are already trading US index futures (Dow, Russell)
cont ... shorted russell @ 947pm,15042, reverse down profit : few ticks. no problem longed cattle @ 1000pm, 117 500 profit : excellent. don't know why beef getting more expensive. now monitoring Russell closely OK. maybe there might be some more signals later but I am going to unglue myself from the chair and computer and have nice cold beer.
25 oct Asian session Day trading is very simple. The simplier your thinking is, the more you earn. The more indicators you have, the more inter correlation and intra correlation you study, the more gap up/down analysis you study, the more detailed financial / business / economic news you try to gather and read, the more you try to improve the accuracy of your trade plan, the more money you lose. Have faith, and day trading will provide. OK. that is on mental part which constitutes 90% of trading. Now the 10% technical part. yesterday, most Asian index futures hardly moved. calm before storm? Hangseng down. various commodities and currencies moving generating many signals.