DaxyMcDaxFace 

Treasuries tanking, target 1 97.75 prior to ETH vwap then T2 99 - gap fill. Fingers crossed.

I averaged out both @ 2198 for 10pts, was offered 99.25 but no fill, no joy. Scalped quick point down to SD1 x1.

Looking to reload near vwap.



Lets try hard to not give this away, and be very selective on good RR trades.

DaxyMcDaxFace 

I averaged out both @ 2198 for 10pts, was offered 99.25 but no fill, no joy. Scalped quick point down to SD1 x1. Looking to reload near vwap. Lets try hard to not give this away, and be very selective on good RR trades.

just got back in long @96.25, tick div. 1 lot, tight stop as was waiting for vwap.



Target is gap fill maybe ~2200 Y_close. Not too confident for some reason think it will revisit near todays lows before up move, risk is 0.5pt.

DaxyMcDaxFace 

just got back in long @96.25, tick div. 1 lot, tight stop as was waiting for vwap. Target is gap fill maybe ~2200 Y_close. Not too confident for some reason think it will revisit near todays lows before up move, risk is 0.5pt.

i scratched this - didnt like it.

DaxyMcDaxFace 

i scratched this - didnt like it.

fool, was almost 0 risk.

forget about this, next trade.

DaxyMcDaxFace 

Looking to reload near vwap.

internals tick & rel vol looked awful so left this alone. am bid @94s looking for retail bus push down into it.

Just went long @ 94.50 at ok levels S1/SD-1...small tick div, some incr rel vol.

May add one more lower as may push into 93s before moving back up. Having probs here at day vwap.

DaxyMcDaxFace 

Just went long @ 94.50 at ok levels S1/SD-1...small tick div, some incr rel vol. May add one more lower as may push into 93s before moving back up. Having probs here at day vwap.

I am off to gym. I have scratch stop in, and target is 97.75. Be surprised if put in HHs. Be surprised if it does much.

Though the Dax has been back on the crack today.

DaxyMcDaxFace 

Just went long @ 94.50 at ok levels S1/SD-1...small tick div, some incr rel vol. May add one more lower as may push into 93s before moving back up. Having probs here at day vwap.

This trade worked out then, deja vu though re the prob with having only 1 lot on.

Swing Trades
Trade 1 (2 lot) Long 93 Sold 98s +10

Scalps (all 1 lots)
Trade 1 1.5pts ETH long from prev vwap (inc loser 0.5pt)
Trade 2 1pt short into SD1
Trade 3 reload for the swing - scratched when it worked out kind of
Trade 4 reload for the swing long from SD-1/S1 +3pts

~So only 0.5 losing trade
~All good entries (max drawdown was <1pt on swing trade) and all the rest were 0.25pts DD
~Read the mkt well bar the scratch - but may have scratched anyway as didnt reach target.
~ Patience also good
~One main negative - cld have taken half off of swing trade when 1st spike to 96s & readded on the dip.....wld have improved basis nicely.

Should I scalp with 2 lots? Lets prove consistency first.

I am done for the day. Have a good holiday US friends.

DaxyMcDaxFace 

Should I scalp with 2 lots? Lets prove consistency first.

Position sizing issue is bothering me. More conviction at entry to put full size on perhaps? Then i can play about with the scalps improving basis instead of being flat when doing it. I like having a position on.

Its probably obvious that i am not comfortable yet sticking full size on at one level so til i am will stick with 2 lot size at key level.

Maybe when the levels are more clearly defined this will be easier. Today i noted decent level @ 90s and @87s then big demand area below. I guess when its a bull market retrace this happens all the time.....plenty of support levels on the retrace....which do you take? HTFs are possibly averaging all the way down....check for HTF activity? RVOL etc.

Hoping experience/practice nails this conundrum.



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DaxyMcDaxFace 

This trade worked out then, deja vu though re the prob with having only 1 lot on. Swing Trades Trade 1 (2 lot) Long 93 Sold 98s +10 Scalps (all 1 lots) Trade 1 1.5pts ETH long from prev vwap (inc loser 0.5pt) Trade 2 1pt short into SD1 Trade 3 reload for the swing - scratched when it worked out kind of Trade 4 reload for the swing long from SD-1/S1 +3pts ~So only 0.5 losing trade ~All good entries (max drawdown was <1pt on swing trade) and all the rest were 0.25pts DD ~Read the mkt well bar the scratch - but may have scratched anyway as didnt reach target. ~ Patience also good ~One main negative - cld have taken half off of swing trade when 1st spike to 96s & readded on the dip.....wld have improved basis nicely.

Need to keep all this in perspective - i could have just got lucky. Though i did mention all levels prior to trading them....so i hope not.



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