0839 EST
If it weren't for a couple of missteps I would be up at least 300 per 1 lot traded prior to 0830.
I rode up twice on the run for the highs from the mid 20's and ended up losing my net on the second one.
Long story short, I'm waiting until after the 0900 report to make my next move.
0642 EST
Pre-market analysis for Monday 17 August 2009.
Seeing the ES now at -20.00, I think it is safe to say that we can buy dips in the 10 year for at least a first time approach.
I would like to buy, for a first approach only, this level:
117 135
An alternate level I have is...
TGpop,
My bad, but goodness you did an excellent job of fooling me.
I do have a difference of opinion on the cheapest way to start mindset, especially if you have professional experience. I can't imagine that you'll be happy. Personally, after experimenting with 300 - 600 USD a month...
TGpop,
You have a lot to learn. A lot. Don't even think about trading with real money until you can answer these basic questions.
Rather than go into great detail, I'll give you my very brief suggestion. Open up an account with ThinkOrSwim. They have the best brokerage charting...
Terrific thread.
I too am in the process of automating some of my work.
I also have Amibroker, but instead of OpenQuant I have NinjaTrader. So far, I'm focusing mostly on NT as I'm a Java programmer (among other things) and NT's language is similar.
What Tomasz has built with...
For the record, I posted the above at 0908 EST. We just hit 117 220 a few minutes ago. We've gone from roughly 117 010 to 117 220 since my post. Everyone is different, but I only need a 10 to 12 tick range to make money. A 20 tick range is a bonus.
1009 EST
OK, we are at the upper range of a run. I am on the verge of calling it a day as I want to relax for the remainder of the evening. I would say that we may have a buy on a single approach of 117 095.
Keep in mind that 117 095 is now an extremely important number and decisive...
0949 EST
Very nice simple range bound day to trade. Once we got back above 117 035 after visiting 117 005 all short bias needed to be removed and once we were above 117 050 I knew that following MP, we would rotate back up to the high.
In any event, we have one last trade worthy event...
Starting at around 0915 EST and lasting a little less than an hour we will have some great trading today. Be ready.
Spike move down targets:
116 250
116 060
Spike move up targets:
117 230
117 160
0907 EST
Not much to report. Just some scalp trades.
Now, things are looking bearish with the 5 minute and if this 0915 report is bad for bonds we will spike below 116 315 by about 8 ticks or greater. Trade the '000' s at your own risk. I won't use the '000' playbook on a spike move...
0705 EST
Pre-market analysis for Friday 14 August 2009
We have the following important report times today (EST):
0830
0915
0955
I would say we need to be prepared for 1/2 to full point swings at a minimum today.
No bias. I wish to play both sides, although it really does appear...
That about sums it up. I would have waited for 116 135 to exit on that trade.
Honestly, you just need to start doing these trades. Trust me, you are ready. Managing you money, learning what you do best, etc, will take time.
1036 EST
As we rotate back up, and I'm assuming we will test the day's high at least once today, the danger zone will be 116 225 per my MP analysis. I would take some off there if you went long between my buy targets.
My best guess (assuming news cooperates) is at least a kiss of 116 280.
1019 EST
Remember the 1300 EST 30 year auction report. Yesterday's 10 year report was a decent move so we may have a repeat.
Upside targets for today are:
117 080
117 040
116 280
My buy targets are 116 195 and 116 160.
Danger zones are 116 125 and 116 075. Getting down...
0838 EST
I'm not saying this to be mean, but the above were very wise words to follow. Unfortunately I wonder how many folks had 10 tick profits that are now 16 tick losses? Hopefully no one reading this journal is in that camp, but if you are, you really need to re-evaluate things.
As...