kuokam

Since I live in Europe, I would like to hear more about the german treasuries, as I believe they don't trade totally like US bonds and notes. To me they look a bit trickier to trade. Also what are the best "indicators" when entering a position, an index or a different maturity treasury? What I see right now is that the us note seems to be trading more heavily than the bund, (-0.08 against +0.02) although it is the european market that should be in full swing. Both of them plummeted on friday, but now they seem to behave diffrently. Is there any leader-follower relationship between the bund and the note?

Thanks Dude, I thought I was going lunatic . Looks like for the time being, it's safer when trading the treasuries, to favor the longer term maturities as indicators, rather than the relationship to an index. The following days will tell if the inverse relationship restored last friday is back to stay.

I must be missing some thing. I see both S&P and the treasuries at all times highs, yet every body is saying that they don't go hand in hand. The only inverse move was this Friday following NFP release, as the index when up and the 10 years down.

My respects, my Colonel! I am looking to that day (26 october 2012 if I read well) in hindsight and I see it eventually turned out a doji like consolidation day. Then the divergence you pointed out between bonds and notes comes to my mind, and I wonder : can that be a fore teller of entry to a consolidation zone? Also, I thought the big indices are better traded with one another as indicator. Why do you think treasuries are better? Because they start trading well ahead or is there another reason? Your Sergeant-at-arms, Kuokam

Therefore, would you say treasuries are the best day trading objects on the dom?

I thought the benchmark was the 30 years bond?

Poor me! The article is no longer there. I am too late. Good post anyway. Any update?

Hello buddies! Search still on the agenda. In the 2 years passed I have gained some more experience in the field of trade management and psychology, as well as the probabilistic nature of the game. I am now more interested in discussing trading with the DOM, T&S, Profiles, Delta etc. Mainly currencies and futures.

Oh! Eventually the cat is out of the bag !

Woah! A name! a name!

Looks like bull party is coming to an end, if she closes the week on this doji, at 20MM. Only issue, oscillator far from overbought condition.

Woaw! Keep learning. I am sure you will still make good calls here. Thanks in advance !

All markets or just the metals, Bob?

Okay, now to the real thing: how do proceed to randomly pick your entries? your stops? your targets?

Jim Rogers, in Money morning : "If it gets to $1,200, I hope that I'm smart enough to buy even more," he said. "If it gets to $1,100, I hope I'm smart enough to buy even more. Speak to the chartists ... the technicians ... and [look at] the retracements, or whatever they call them. A 50% retracement is not unusual. A 60% retracement is not unusual. You can do the same math that I can. You can figure out what a 40%, 50% or 60% retracement would mean for someone." Here's his key point. With declines that steep - taking gold prices down to $1,150, $950 or $750 an ounce - a lot of would-be gold investors will literally throw in the towel, and will abandon gold. That's when negative sentiment will have been maximized, and gold will have bottomed. "Until people start accepting reality instead of denying reality, we're not going to make the bottom," he said. "Until a lot of people just pack it in and throw gold out the window ... then gold will make a beautiful bottom and we can all participate in a multi-year bull market."

I am unable to predict market direction. My thread on learning how to read the DOM is another attempt to learn how to predict direction, but so far I have been entirely unable to do so. That thread is two weeks old. 2 great weeks. I doubt you've learnt all the ins and outs of DOM and T+S in 2 weeks, with but one reader reacting. What if the answers to some of your questions are in mastering that skill? There must be a reason you were attracted to them in the first place. Also, have you thought that it might be you who are unable to grasp / make good use of anybody else's teachings?

Okay, now I understand

I don't understand Mystic's stats. With so few number of trades and volume, you could make those DD and return !?

You could be right. What I meant is that for me there is still some room to the downside for gold, and I am closely monitoring what I consider a mere retracement of the last leg down, and will short at first serious bearish signal. As for China jumping in, why would they do it at 1350 and not at 1550 or 1150? In september 2011 gold traded above 1900.

No demand = prices collapse = no inflation. Good analysis. I will be aggressively shorting XAU right from market open, targeting at least the last low just above 1320.

This looks like Dr Schaap's stuff or am I mistaken, Sir?

When looking to place trades in this situation, buy orders could have been established just above short term resistance levels, while sell orders could simultaneously be placed below short term support levels. This is because news events tend to favor breakout strategies as new trends develop. Stop losses can be kept relatively tight in these cases because significant follow-through is almost always expected. Many times all your simultaneous orders, long and short, are triggered with hefty slippage and you lose your shirt

"Plan your work for today and every day, then work your plan." We all knew she was a trader... RIP, Maggie!

Which one does Warren Buffet use? TT or Ninja?

As already suggested, can you open another thread for that contest?