Pabst's Blue Ribbon Trades
- Thread starter Pa(b)st Prime
- Start date
I'm always happy to be on the same page with you. You're a genuinely bright trader. Do answer me this: Do you detect that we're the crowd?
I can't get a sound grip on sentiment.
well I will skip the mocking. 
crowd? This month CBs were selling the most treasuries ever if i rememeber well. what it means?
A. that private sector is close to puking on any move higher (yields) because they were buying even more than it seemed
B. CBs may be a big buyer this week to refill
Let's see. The position therefore is:
A. against the crowd
B. against CBs
Can you get more lonely?
crowd? This month CBs were selling the most treasuries ever if i rememeber well. what it means?
A. that private sector is close to puking on any move higher (yields) because they were buying even more than it seemed
B. CBs may be a big buyer this week to refill
Let's see. The position therefore is:
A. against the crowd
B. against CBs
Can you get more lonely?
I'm selling the stock indices across the board. ES @ 1481.75, YM @ 19393, NQ and ER2 I'm working a tad higher. I see something on my charts that's a bit more compelling at these prices than I thought. I'm risking a few ES points to make 40.
A nice day but nerve wracking. As I posted last night I came in short 5 ES, 5 YM, 8 NQ and 2 ER2. I also bought 5 ES puts after the ugly home inventory data.
Confronted with an almost immediate windfall profit (that never really got better) I was on pins and needles with every rally. I covered the Russell (I try to watch too much) but everything else sticks.
Not often that I'm flat Treasuries. I legged out of my synthetics and naturally dropped 60 ticks in the process. (I bit on the 111.05's as they marched to 08). Scalped quite a bit (even in this shit I was 300 r/t's on the day in ZB, ZN and ES) but I was bailed by selling into every ES rally and refusing to cover unless I could make money on the trade.
Confronted with an almost immediate windfall profit (that never really got better) I was on pins and needles with every rally. I covered the Russell (I try to watch too much) but everything else sticks.
Not often that I'm flat Treasuries. I legged out of my synthetics and naturally dropped 60 ticks in the process. (I bit on the 111.05's as they marched to 08). Scalped quite a bit (even in this shit I was 300 r/t's on the day in ZB, ZN and ES) but I was bailed by selling into every ES rally and refusing to cover unless I could make money on the trade.
Quote from dhpar:
i just came from a pub. was there any reason behind short end rally in the late trading - I was stopped out
I can't see any news - looks like a short squeeze which seems rather odd.
Weakness in stocks, technical factors in the long end (a breakout above 111) and spillover from the housing data. Once again it was mostly a case of extending duration with the short end getting just enough of a short covering bid off the factors previously described.
cheers.
looks like it was also on a weak volume.
short end yields seem to be poised for a bounce (maybe after today's data?) so I will reload my shorts at better levels after all. I can't get used to this intraday volatility after years of 1 tick moves per day...need to be more aggresive with stops (likely below 4.00 on 2yr) - need to think more long term.
looks like it was also on a weak volume.
short end yields seem to be poised for a bounce (maybe after today's data?) so I will reload my shorts at better levels after all. I can't get used to this intraday volatility after years of 1 tick moves per day...need to be more aggresive with stops (likely below 4.00 on 2yr) - need to think more long term.
ok back in at better levels but still need to sell some - crazy action at short end today.
interesting how everybody totally ignores today's richmond fed stats which were very strong [7] AND much above expectations...
headline from richmond fed:
Manufacturing activity picks up the pace in August; Employment and average workweek increased; Expectations remain optimistic
-- and by the way for the first time since 8-Aug the fed funds are trading ABOVE the target at 5.27!
interesting how everybody totally ignores today's richmond fed stats which were very strong [7] AND much above expectations...
headline from richmond fed:
Manufacturing activity picks up the pace in August; Employment and average workweek increased; Expectations remain optimistic
-- and by the way for the first time since 8-Aug the fed funds are trading ABOVE the target at 5.27!
I covered my short index futs at really premature levels on the open. I then sold Bonds at really crap levels. I've turned a nice win into a loss...
Still short ZB at an average of 111.15. No idea where I'll cover.