Try symbol GE for eurodollars -- Globex eurodollars. Don't use ED.
Sentiment, I use some quantifiable data, but for the most part it's more subjective. It's important for me at least to have a well-developed grand historical view, and look for most likely candidates for reality, the big realities. I'm one of those poor souls who can't help but wonder about questions like what the hell we're doing here on this planet on at least a daily basis, so big picture questions come naturally and constantly in my particular case. Of course I don't know what's really going on in the markets with any certainty, so I try to develop possible scenarios. Then I look for areas where the market has overdone it somewhere, gone beyond what seems likely or reasonable, or else not yet paid attention, or is starting to pay attention. I like to use seasonal tendencies when possible. I try to have a grasp on the fundamental factors, but to avoid getting hung up on this or that single data point, and I pay attention to several markets and their interactions.
I get the sense of the market's bias by price and by what I read/see in the media, from gurus, in the FT, on TV even, and then in a lot of blogs I read such as economists' blogs. I look for divergent views, for example the inflation/deflation arguments going on (with me siding on the deflationist view for the nearer term).
This doesn't always end up in a counter-trend or contrarian play. And whether I'm "right" or "wrong," my hypotheses give me a framework, and something to try to falsify and test. For me, they make the charts spring to life.
I tend to assume that no one is right, including myself. I aim overall to be less wrong... I'll even trade against what I think is a long term direction. And I change my views a lot, or rather refine them. But the long-term views have held up well.
These kinds of things are highly subjective and discretionary. So technical analysis and tactical money management structure the chaos.
Most important for this part of my trades
is really trying to understand things on my own with my own ideas. Also financial and economic history is a great help here. And I find that strange as it may sound, reading philosophy like Kant for example has really helped me.
Luckily I also have a strong musical/artistic and, though less, an athletic side, and these help me I think with charts, with "feeling" the market/reading the tape, so shorter term stuff. I absolutely adore ping-pong...
My bad side is math. I think I have an ability, I mean I had nice SAT scores, but I've never developed it.
I've learned, again knock on wood, to make overall successful longer term trades, and generally successful shorter-term trades. My weakness is taking profits too soon, often by trailing a stop too close. My challenge now is to integrate short and long-term trading, and do it in a way that can suit smaller account sizes.
Also sometimes I wait for too much confirmation and end up missing trades. Last night for example I was interested in going short eurodollars but missed by being unwilling to place the order before the PPI and CPI release...
Missing trades has become a problem, actually. So I'm starting to try stop-limits to open instead of my customary limit orders. We'll see how it goes.
A lot of my best trades just "come to me" in a flash of intuition, or else they are the execution of strategies I dreamed up once upon a time and now see an opportunity to deploy.
Anyway, sorry about the long-winded reply, should you have made it this far... What were we talking about? Hehe...
Oh, and about the many vagaries of bond analysis and pricing, I have a lot to learn...
And a lot to learn on so many areas. Hard sometimes to know which are most important.
But transforming eurodollar prices into something more accurate? Sure, I'd give it a try.
Sentiment, I use some quantifiable data, but for the most part it's more subjective. It's important for me at least to have a well-developed grand historical view, and look for most likely candidates for reality, the big realities. I'm one of those poor souls who can't help but wonder about questions like what the hell we're doing here on this planet on at least a daily basis, so big picture questions come naturally and constantly in my particular case. Of course I don't know what's really going on in the markets with any certainty, so I try to develop possible scenarios. Then I look for areas where the market has overdone it somewhere, gone beyond what seems likely or reasonable, or else not yet paid attention, or is starting to pay attention. I like to use seasonal tendencies when possible. I try to have a grasp on the fundamental factors, but to avoid getting hung up on this or that single data point, and I pay attention to several markets and their interactions.
I get the sense of the market's bias by price and by what I read/see in the media, from gurus, in the FT, on TV even, and then in a lot of blogs I read such as economists' blogs. I look for divergent views, for example the inflation/deflation arguments going on (with me siding on the deflationist view for the nearer term).
This doesn't always end up in a counter-trend or contrarian play. And whether I'm "right" or "wrong," my hypotheses give me a framework, and something to try to falsify and test. For me, they make the charts spring to life.
I tend to assume that no one is right, including myself. I aim overall to be less wrong... I'll even trade against what I think is a long term direction. And I change my views a lot, or rather refine them. But the long-term views have held up well.
These kinds of things are highly subjective and discretionary. So technical analysis and tactical money management structure the chaos.
Most important for this part of my trades
is really trying to understand things on my own with my own ideas. Also financial and economic history is a great help here. And I find that strange as it may sound, reading philosophy like Kant for example has really helped me.
Luckily I also have a strong musical/artistic and, though less, an athletic side, and these help me I think with charts, with "feeling" the market/reading the tape, so shorter term stuff. I absolutely adore ping-pong...
My bad side is math. I think I have an ability, I mean I had nice SAT scores, but I've never developed it.
I've learned, again knock on wood, to make overall successful longer term trades, and generally successful shorter-term trades. My weakness is taking profits too soon, often by trailing a stop too close. My challenge now is to integrate short and long-term trading, and do it in a way that can suit smaller account sizes.
Also sometimes I wait for too much confirmation and end up missing trades. Last night for example I was interested in going short eurodollars but missed by being unwilling to place the order before the PPI and CPI release...
Missing trades has become a problem, actually. So I'm starting to try stop-limits to open instead of my customary limit orders. We'll see how it goes.
A lot of my best trades just "come to me" in a flash of intuition, or else they are the execution of strategies I dreamed up once upon a time and now see an opportunity to deploy.
Anyway, sorry about the long-winded reply, should you have made it this far... What were we talking about? Hehe...
Oh, and about the many vagaries of bond analysis and pricing, I have a lot to learn...
And a lot to learn on so many areas. Hard sometimes to know which are most important.
But transforming eurodollar prices into something more accurate? Sure, I'd give it a try.