Recent content by dptrader

Both trades are still on, they're the only ones I've placed in a fair while. Normally I'm tempted by intraday price action, normally based on momentum swings, but whilst these two are going well I don't feel the need to push for higher returns and up the risk. The nikkei is up 4.92% and the XJO...

I haven't taken any new positions, just kept the current two on, and haven't got any need to at the moment. Momentum is just event driven, making trading choppy and far harder than it needs to be. The light crude/brent spread is still coming in slightly, and I'm happy to hold on to the medium...

Since the short Australian SPI long Japanese Nikkei trade was put on (evening of 21st Aus time), the SPI has lost 10 points (0.23%) and the Nikkei has risen 135 points (1.4%), so the trade is up 1.63% so far. I don't trade all that frequently, so it's important for me to hang onto these...

I am currently long the Nikkei and short the Australian XJO against it. Not in big size, just a speculative trade. My only real reason is that with the Bank of Japan demonstrating a willingness to further stimulate their economy (which can't get much worse going by recent trade figures), a...

If anyone is looking for more details regarding the trades I'm putting on, or my reasons for them, The Final Trade normally has a thorough overview of them. The First Trade doesn't really delve into them, just sticks to investing and trading fundamentals for beginners. Just an fyi for those...

The WTI/Brent spread has come back out again, had a medium sized loss at one stage (relative to the stop for this trade), but this is one that I'll sit on until it does stop out, since it's based on macro fundamentals rather than technicals. Still eying up the VIX, which has been pretty choppy...

The brent/crude futures spread is coming in nicely, down to around $16.5, leaving me with around a $2 gain and a $2000 profit per contract. Whilst this could be a brief whipsaw in a costly upwards trend, I'm betting that the spread narrows to $15 and waits for its next move there. I really...

I closed out my long US 10yr Treasury notes today, taking around 20bp in profit. It was originally intended as a longer term trade, but I'm happy to sit on that profit and wait for the next signal, as it has beena bit choppy between 2% and 2.1% recently, with no clear sign of a breakout above...

The Treasuries trade is looking good with yields around the 2% mark. I'm always nervous around here as 2.1% isn't a level that's been solidly breached recently, but I'll try not to take any profits unless there is a clear shorting signal in the short term. I'm currently considering a sizeable...

With 10yr Treasury yields back around 1.86% I'll add some more size to the trade. The extension of the zero rates policy was widely flagged and expected by the market, the hope is that economic news continues to put a positive spin on the US economy.

I posted a quick summary of my trades on The Final Trade and The First Trade. I find both blogs useful (like this thread) for keeping tabs on ideas, and especially explaining them in full in order to make sure that I fully understand the trade. If you can't explain it to someone else then...

AUDUSD has a lot of momentum, pushing for a long position if it can hold 1.07, but fundamentally the strong currency is seriously hurting the manufacturing and retail sectors. Certainly a short retailers long miners trade to be put on should the currency continue to move higher in line with the...

Despite the lack of XJO strength, AUDUSD has pushed higher, resulting in the stop kicking in at 30 pips. Not so worried, it's one of my better algorithms so some losses have to be taken, I'm looking for some SPX weakness in the next couple of days though. Might place a short later, see how the...

The AUDUSD position worked okay but should have worked better (with the power of hindsight...). I jumped early and was short at 1.041 on 20/1/12, as my overbought indicator peaked, but of the potential 75 pips on offer in the next 18 hours, I was only able to take 10. The model doesn't suggest...

Yields are up at 1.98%, means the position has a nice P/L but is only a third of the size I'm after. I'll take the risk of this being a false mini breakout, and that there is no need to put on the 2nd and 3rd legs above 1.95%, before the eventual move towards 2.4%. That logic does suggest to...