I figured I'd post some trades once in a while. I've been thinking of doing the combine. But, I didn't like the idea of having to trade there while live trading also. It's hard enough for me to login to multiple broker platforms to execute trades. My favorite instruments to trade are #1 6E. With ES going up and up... for me it gets boring waiting on price as it climbs slowly. In my opinion 6E has better price swings. Sometimes I like trading ZB also. As for my style: I have a few automated ones. I use some TA, not in it's traditional sense. Years ago, I figured that if most people that use TA lose money, then maybe there is some information there. My degree was in psychology so I place a lot of emphasis on market psychology. I like to find the emotion, so to speak. I also place quite a bit of emphasis on intermarket analysis. As for news, I don't pay much attention, except for big announcements such as Fed minutes or unemployment. Lastly, I'm not here to argue with anyone. So, I am likely to ignore any semantic arguments. It's my belief that there are technically an infinite amount of ways to make money in the markets. Choose what works and improve on it. Currently, I'm flat. I'm waiting to see what DX is doing. I'd like to see it sell off more. But, if it starts to level off with low volume then I will be looking for buying on volume increase with little movement (bargain buying). Then I might test a bit of 6E short. I'm expecting the catalyst to come on Thursday announcement, regardless of what is released. Let's see what price does in the meantime.
I don't like the way 6e has been behaving. But it is what it is. The DX sill looks like it wants to fall, but I'm not buying 6e here. So, I'll wait a bit. I tried to play the morning release on a buy. Made a little change but nothing exciting. Meanwhile ES has been heading south. The chart that's interesting to me lately is ZB. I guess I'm expecting bond futures to drop some more. But the sideways action has been significant enough to pay more attention to it. Gold has been behaving stronger lately too. That's another interesting one. I wouldn't get on the buy side until there was a definite trend reversal though. Gold has poor utility is my thought, while we are still expanding, or I should say the perception is that.
6e limit short @311 target 258 if its on when I wake, I'll manage it if by weird chance it hits 341, it'll wake me. I'd rather sleep through the night..
waiting for euro to break 320.. hopefully it spikes out huge.. I'll start selling some there maybe i'll do 318.. just depends how it looks when it gets there DX still looking weak... fall baby fall
looks like it's sideways.. for now bought 6e @266 looking to get out at about 285.. but we'll see what it looks like up there