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New ZN Trader


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New ZN Trader

  #11 (permalink)
 grausch 
Luxembourg, Luxembourg
 
Experience: Advanced
Platform: TWS
Broker: Interactive Brokers
Trading: Stocks
Posts: 494 since May 2012
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Thanks Received: 1,159

@drewo

How is the ZN trading going? I am looking at adding the ZN to counter some of the volatility in my equities portfolio, but none of the setups that I use on equities seem to work with ZN. Do you mind providing some feedback on what you are doing on how that is working? Looks like current resistance is at 128'075 and I can probably put on a short here, but it really feels that I am guessing at this point.

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  #12 (permalink)
 
lemons's Avatar
 lemons 
Tallinn, Estonia
 
Experience: Beginner
Platform: SC
Trading: NAS100
Posts: 959 since Nov 2010

I am also new to ZN trading and learning to trade it.
I can only day trade it.

I look :
- bigger picture potential support resistance levels
- yesterdays high and low
- daily and weekly pivots

Today comes out 3 market moving news.

US:Jobless Claims 8:30 AM ET
US:Philadelphia Fed Business Outlook Survey 10:00 AM ET
US:Existing Home Sales 10:00 AM ET

I see up trend


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  #13 (permalink)
 grausch 
Luxembourg, Luxembourg
 
Experience: Advanced
Platform: TWS
Broker: Interactive Brokers
Trading: Stocks
Posts: 494 since May 2012
Thanks Given: 1,731
Thanks Received: 1,159



lemons View Post
US:Jobless Claims 8:30 AM ET
US:Philadelphia Fed Business Outlook Survey 10:00 AM ET
US:Existing Home Sales 10:00 AM ET

I see up trend

Thanks for the news reports info - I never even looked at that so will close my position before 8:30.

I also see the uptrend on the daily - it may pull back a little after yesterday's move. Although, if we see weakness in the equity markets today, ZN should jump.

In equities, I can search for a couple of setups, and I can get a very good feel for the market depending on how my trades work. Right now, I have nothing like that in ZN - will look around a little, but if I can't find anything that works, I would be better off sticking with stocks.

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  #14 (permalink)
 
lemons's Avatar
 lemons 
Tallinn, Estonia
 
Experience: Beginner
Platform: SC
Trading: NAS100
Posts: 959 since Nov 2010

2015 Economic Calendar

What I have seen is on the red star news ZN makes quick and big moves.

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  #15 (permalink)
 grausch 
Luxembourg, Luxembourg
 
Experience: Advanced
Platform: TWS
Broker: Interactive Brokers
Trading: Stocks
Posts: 494 since May 2012
Thanks Given: 1,731
Thanks Received: 1,159

...and I just paid 1% of my account in school fees. Guess I had it coming - trading a market I don't know and trading without a proper plan.

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  #16 (permalink)
 grausch 
Luxembourg, Luxembourg
 
Experience: Advanced
Platform: TWS
Broker: Interactive Brokers
Trading: Stocks
Posts: 494 since May 2012
Thanks Given: 1,731
Thanks Received: 1,159

Well, made back most of yesterday's loss today, long ZN with an average price of 128'140 and started scaling out at 128'165 ending at 128'190.

However, looking at both the risk I had in the account and the fact that I started getting emotional about the trade, just lets me believe that even the slowest and lowest leverage futures market may not be for me...

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Last Updated on August 21, 2015


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