yale student

[aliassmith]

After chatting with dojirock he mentioned something about trading the Nikkei. I decided to do a little test for a friend and see if it's tradable.

I traded 4 contracts and made $400 in 50 minutes so it met my criteria of $100 per contract. Watch out for the first couple minutes at the open its a blitz. After that it slows down. Pick your spots and be patient.

in my prop days i used to trade Nikkei during the night
there was a possibility to stay overnight with senior traders at the office
i moved to different city ---- i had nothing to do so i stayed few times
i remember some pretty wild moves in that market
but trading for like 20 hours straight was DEVASTATING
i developed some kind of aversion ---- i dont like it that much ever since
BUT
nevertheless its great market
thats why people wanted to pull those fkn 20+ hours stunts

meanwhile im really enjoying the CL



closed for +15

____
commodities are awesome
heres a fun fact!
around 80% of coal mining costs come from the oil usage
so if they sell coal at a good price
they go to oil and buy at (almost) any price
and they sit on it until expiry and wait for devilery ---- they are not profiting from speculation
so there are loads of money being just thrown away into the market
you can win AND they can win at the same time
thats rare

NOW
i dont play that
i dont analyse the market in that manner
but its something to keep in mind
moves in commodities can be very clear sometimes
because someone just needs that commodity

good thing to pay attention to is the VWAP
trader contracting commodities most of the time gets paid in relation to daily average price
he must beat the market basically

this is so yale man
i just yaled yo asses
lol

I'm all about the "Yale"

Also that crude is nice but you just can't get that size like the s&p. Easily pull $1000 a day with 10 contracts in crude. I really like the flow CL and NQ have.

I think my friend will like that Nikkei but I was having issues getting 4 contracts filled in one swoop. That could be the size sweet spot.

[paweldobkowski]

just filled me for +8

got 2 winners and 1 loser besides those 2 i posted
nothing crazy

i stayed up laaaate yesterday because i got sucked into some crazy forum thread about PA
like the good old days
and on page 112 i noticed the dude has no fkn clue what hes talking about
so im gonna fk off early today ---- i.e. now lol

have a weekend guys
i mean it
its a week end
step back
have it
relax

close the charts man
i can see you
haha

[paweldobkowski]

I'm all about the "Yale"

Also that crude is nice but you just can't get that size like the s&p. Easily pull $1000 a day with 10 contracts in crude. I really like the flow CL and NQ have.

I think my friend will like that Nikkei but I was having issues getting 4 contracts filled in one swoop. That could be the size sweet spot.

Nikkei can be thin at times
that is true
but the volatility makes up for it

on the other hand es is HEAVY
you can rely on a level
i like that about it

its kinda obvious when you think about it
there are big players/ market makers in Nikkei and in ES
they want liquidity
so to build enough size for them to matter
Nikkei or even CL is more about the zones/ clusters of levels
where ES is more about the single levels

____
trading is super interesting
but i cant imagine starting the jurney all over again
thankfully humans got ignorance
and you grossly underestimate the jurney in the beggining
it helps
its good to stay in the zone of proximal development
keeps you focused on the process not the outcome
thats super fkn yale lol


i will go into hiding now
thanks for chatting Alias!
take care mate!

[aliassmith]

I'm all about the "Yale"

Also that crude is nice but you just can't get that size like the s&p. Easily pull $1000 a day with 10 contracts in crude. I really like the flow CL and NQ have.

I think my friend will like that Nikkei but I was having issues getting 4 contracts filled in one swoop. That could be the size sweet spot.

Nikkei can be thin at times
that is true
but the volatility makes up for it

on the other hand es is HEAVY
you can rely on a level
i like that about it

its kinda obvious when you think about it
there are big players/ market makers in Nikkei and in ES
they want liquidity
so to build enough size for them to matter
Nikkei or even CL is more about the zones/ clusters of levels
where ES is more about the single levels

____
trading is super interesting
but i cant imagine starting the jurney all over again
thankfully humans got ignorance
and you grossly underestimate the jurney in the beggining
it helps
its good to stay in the zone of proximal development
keeps you focused on the process not the outcome
thats super fkn yale lol


i will go into hiding now
thanks for chatting Alias!
take care mate!

Have a good weekend!
Nice crude trades, I really like the market (crude) and it appears you do also.

Edit: for me (BE +5 +8 +11 )not bad for CL on Friday

[LeMercenaire]

After chatting with dojirock he mentioned something about trading the Nikkei. I decided to do a little test for a friend and see if it's tradable.

I traded 4 contracts and made $400 in 50 minutes so it met my criteria of $100 per contract. Watch out for the first couple minutes at the open its a blitz. After that it slows down. Pick your spots and be patient.

in my prop days i used to trade Nikkei during the night
there was a possibility to stay overnight with senior traders at the office
i moved to different city ---- i had nothing to do so i stayed few times
i remember some pretty wild moves in that market
but trading for like 20 hours straight was DEVASTATING
i developed some kind of aversion ---- i dont like it that much ever since
BUT
nevertheless its great market
thats why people wanted to pull those fkn 20+ hours stunts

meanwhile im really enjoying the CL



closed for +15

____
commodities are awesome
heres a fun fact!
around 80% of coal mining costs come from the oil usage
so if they sell coal at a good price
they go to oil and buy at (almost) any price
and they sit on it until expiry and wait for devilery ---- they are not profiting from speculation
so there are loads of money being just thrown away into the market
you can win AND they can win at the same time
thats rare

NOW
i dont play that
i dont analyse the market in that manner
but its something to keep in mind
moves in commodities can be very clear sometimes
because someone just needs that commodity

good thing to pay attention to is the VWAP
trader contracting commodities most of the time gets paid in relation to daily average price
he must beat the market basically

this is so yale man
i just yaled yo asses
lol

Sounds like you and I went to the same parties back in the day.

[paweldobkowski]

Sounds like you and I went to the same parties back in the day.

haha
weirdly enough i miss those days
i like most of my bad experiences
i realized over the years that every time dont like something now ---- i will probably miss it
easier to enjoy whatever life throws at me
FKN WISDOM ALERT lol

Have a good weekend!
Nice crude trades, I really like the market (crude) and it appears you do also.

Edit: for me (BE +5 +8 +11 )not bad for CL on Friday

that sounds like a pretty damn good Friday man

crude is probably my fav right now
especially in the european session
since es is mostly dead
slowly pushing to new all time highs
they move 1 tick per 1 minute
i showed the chart to my friend and he asked me why am i trading on Renko now lol

[paweldobkowski]

just bought CL moment ago
pushing some size on this one

[paweldobkowski]

went up
dropped further
took me out +1
and im back in
i think this might be a bigger move

[paweldobkowski]

im switching back to counting ticks NOT multiplied by the lot size
im not going to use this thread as a journal anymore
so its easier for everyone



closed it for +21


i instantly regret changing the rule because +126 sounds SICK

[aliassmith]

im switching back to counting ticks NOT multiplied by the lot size
im not going to use this thread as a journal anymore
so its easier for everyone



closed it for +21


i instantly regret changing the rule because +126 sounds SICK

21 sounds sick to me if that counts $1260 is pretty nice chunk of change.