Yes AAA. I was positive that BONDS and NOTES would be on the LONG as my stuff was telling me that we got a nice bounce off from a major major support area on both of these markets before US market open. It was a LONg for me since then. And it finally rallied. Were good trades all over, Bonds/Notes, EC and BP, AD, JY and Gold LOL. I am struggling with Russell today. Somehow my indocators are not getting sync with the current market action. Nothing wrong with that, happen times to times. Same method makes me an average of 4-6 Russell points everyday. I am almost breakeven on Russell. Cheers and thanks for the comments. Much appreciated
EC support broken. Will continue to go down. Opting for SHORTS still on them. Lets long Bonds 7/32 , TY 17.00 .. NOW
Ooops.. there was a TYPO... In the last call on Bonds, what i meant was 2/32 not 7/32. As you can see clearly the time it got posted prices were at 3-4/ 32 so it cant be 7 / 32. Extremly sorry for that. I will be careful. Hope ppl are in bonds and TY trades anyways.
Well belv it or not, its another LONG on Bonds and Notes Bonds : 3/32, Notes : 18.50 I am not taking it, i am majorily done for the day. I will be here in a bit. Gotta take care of my swingers and few options I am trading.
Yea thats what I meant. However they just pulled down, those who eneterd whould have been stopped out. Trading! 3 winners and one loser still is not a bad bet for me. I will be back in a bit. Say in an hour or so.
Okay guys... Hope everyone enjoyed trading and liking this journal. I had a good day in Russell finally. Got a little too busy with it. I will be back in few hour2 or so and do some commenty for todays markets. Any questions, plz do ask.
Okay So overall a good day. With loads of money to make if you were there. What I was most happy to see was how my call of EURUSD worked like a charm for position traders. One thing I would like to tell everyone is this that one doesnt need to trade their asses off for entire day. I dont do that. I used to do that but stopped the concept, wasnt working that well for me. The idea is to grab the right patch whenever market gives, either it is there when market start or at the close, take full advantage of it and be done for the day. The same happen to me today and happens everyday. For example, when I had those great LONG trades on Bonds and Notes, 3 LONGS all worked out, I should quit my day and go fishing. Instead of fighting with the market cos ''laws of probability are running against you each time you make a winning trade''. This is very important to learn. Just like when i had 3-4 winning trades in a row in all EC, BP, Notes and bonds market, i quited trading it, but at the same time early morning was not a good day on my method for Russell and I kept on trading that until i hit three major good trades which made me end up plus 4.6 points for the day. Its almost like a battle field down there, you gotta keep on trying, being consistant until you hit it hard. Just gotta have faith in your weopons ( your system ) and rules of engagment ( Trading plan ). I will be around in case if someone comes up with a question. I am working on another project which involves option trading and look promosing, but I usually back test things upto 2-3 years back before I make it part of my plan. Cheeers