A nice real life example of the momentum trade setup talked about in the previous video http://www.thedaytradingroom.com/trading-rules-for-a-momentum-setup/
Current market conditions are offering more trade opportunities following the momentum of the trend than mean reversion. But timing these momentum type trades is crucial, too early and you are chasing, likely getting stopped on any pullback, too late and you are getting caught on a reversal rather than a pullback. Finding that sweet spot [...]
Constant trader improvement, avoiding bad habits and encouraging good.
In these very news headline driven market conditions it’s a good idea to keep a “macro screen” up on your monitors alongside your current focus market. This gives you an easy way to see what the money managers are seeing and often be alerted to breaking news before it starts to significantly impact the market you are trading.
This morning I saw a perfect opportunity on the EuroStoxx. Unfortunately for me, my eyes was a little too focused on the Bobl at the time. The play is that there are very large offers just above a high volume price node, and you know that IF they get pulled, there will at least be [...]
A nice little scalp at the end of the day. It was late in the day for me, so I was just about to call it a day, but then I saw these huge offers on 10, 30 and 5-year T-Notes. In hindsight it would have been better to hold on to the trade longer, [...]
Latest blog post: (Volume based trigger in use from NinjaTrader) Feb 16, 2013: thedaytradingroom.com/johan/VolbasedTrigger (EuroStoxxOfferPulled) Feb 8, 2013: thedaytradingroom.com/johan/EuroStoxxOfferPulled (Textbook ZB scalp) Feb 7, 2013: thedaytradingroom.com/johan/TextbookZB Upcoming events (free): *Live trading webinars will be back in March 2013 TBC Live trading Eurex Bobl (Read this first) Screen setup explanations: Eurex trading: Eurex-screen-setups US Treasuries trading: T-Notes-screen-setups Live trading [...]
Screen setup explanations: Eurex trading: Eurex-screen-setups US Treasuries trading: T-Notes-screen-setups Questions: *I will not be able to answer any questions while I´m trading, but I always answer them afterwards. Twitter (prefered) #JohanTradingLive to @johanlido – These, I´ll answer directly after the session. I might glance at it, if market is slow though. Mail: johan.lido@gmail.com – These, [...]
Above is my trading screen setup for US Treasury trading. I use NinjaTrader powered with TTFeed and tools from JigsawTrading. From left to right (Depth&Sales): S&P500 futures (ES), 10-year note (ZN), 30-year (ZB) and 5-year (ZF) Explanation for each letter (Depth&Sales): A: Alert column. Here I can place a marker for a level of interest. [...]
Above is my trading screen setup for Eurex bonds trading. I use NinjaTrader powered with TTFeed and tools from JigsawTrading. From left to right (Depth&Sales): Dax (FDAX), EuroStoxx50 (FESX), Bund (FGBL), Bobl (FGBM) and Schatz (FGBS). Explanation for each letter (Depth&Sales): A: Volume histogram. The traded volume at each price. B: [...]
