TradingPit

TradingPit

The higher US CPI read of 6.2 % YoY lead to a spike in US10Y and a small sell off in the ES. As of now the uptrend remains intact and as long as we do not get a close below 4300 I am looking for long entries. Buy at or around 4552 if support holds or buy break and close above 4713 resistance. Looking at the order book we can see a lot more sell orders...

TradingPit

I also created a video about my post for those that prefer to watch it here it is: www.youtube.com It also contains all the graphs and charts which unfortunately I can not post here. More and more market participants are talking about rising inflation and the everything bubble being the buildup to an epic crash. But is this really true? Can markets go...

TradingPit Updated 

As you can see in the chart the DE10Y-US10Y spread has been falling for some time already. The US 10 year yield continues to rise as the USA post better economic data compared to the EU and seem to be in for an earlier recovery from lockdowns as compared to europe. It stands to reason that the higher yield for US 10 year bonds vs. the lower yield for german 10...

TradingPit

The strategy uses a short (30) and long period (200) exponential moving average which you can both change in the settings. The strategy is trend following and designed to only trade in the direction of the trend. It looks for pullbacks against the direction of the trend to buy and sell into the trend. Long Entry Conditions: - Short EMA above long EMA and price...

TradingPit

In my trading career beyond having a strategy (actually multiple depending on market state and asset class) to base my trades on nothing has ever been as important as having a Trading plan. In this post I want to share with you my personal trading plan to help you create a set of rules that will help you stick to your plan and keep your emotions in check so that...