April 24 - Comeback

To put this day in perspective, I was down 8 ticks. Had also scratched 3 trades that within moments would have been worth more than 20 ticks total.  In essence had been trading like a turnip, after having yesterday off even. Spirits were low, I was going to call it a day then things turned around. Volume really is my friend when reading the order flow. It makes it a lot easier to get a feel for things as there is more 'flow' less 'chop'.

The stops 6 ticks away are catastrophe stops incase I get disconnected or whatever.  I use ATM strategies in Ninja to place these.  Jigsaw cancels all trades when I close the position.

00:45   -  Felt the momentum in my bones.. and scratched immediately. Why oh why? Looks like I was chasing but volume was really building and I instinctively wanted to get a chance before it went to lows. As soon as I entered I panicked that I had just chased the market like a fool and should have known better so exited.

01:25   -  Offers were sticking at the step at '85 with momentum down still. Didn't go in the window I gave it so settled for 2 ticks.

03:10   -  Since didn't in previous trade and range was massively extended for the time trading so far in this Bund session I felt we might get a pop up so hit into the step at '85. Would know I was wrong if it went 3 ticks against me.

05:45   -  Got another opportunity at same setup before. Ideally would have bought '83 but 2nd time shouldn't stick around long if its going to go so I jumped on it.

Took one more trade later on and settled for 1 tick ... instead of about 8.. dam.

Music is added to make it slightly more exciting. Comment if you want me to stop doing that.

Oleg Teaching Us A Thing or Two

This is what he has to say: Published on Apr 10, 2013 That's how they crack the market. The buyers cannot absorb enough and the sellers just still hitting the bid. The probably best entry short is after a small print on the ask side, when on the next level the battle beguins. Watching attentively we can see on the firsts breakouts there are no prints up after some levels (which means the pressure still strong), and if the first entry short was missed, there are probably some opportunities left.

 As exemple, at the beguining there is 9 print at .86 ant then 71 at .85 on the ask side. The price then never lifts 9 and prints just about 100 contracts at .85. The rest of the battle is on the .84 level (about 4000 contracts whitin 1-2 min), where probably is the best short for the first range breakout.

April 10 - Needed this

I had been chopped up on two trades already, added to by a string of small losers over the last few trading days.  The Bund just seemed to be trading very thick with different behavior to what I am used to. Strange being all time highs, I would think there would be a lot of excitement. Regardless these two trades made me a small but meaningful 3 ticks up for the day. Hopefully this helps turn the corner for April.