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AXIA Elite Trader Aggressively Trades 4 Markets On A Misreported US-China Trade Deal | Axia Futures
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Richard reviews the trade execution of an Elite Axia trader who profited over €120,000 in the morning session of Tuesday 27 November.
The trader started the day by getting caught short in the Bund on the 7am futures open as the market did not react as he expected after some positive overnight news on Italian budget negotiations with the EU.
Despite this, the elite trader quickly shifted gears as soon as the wires highlighted a report from Chinese Foreign Ministry Spokesman, Geng Shuang who said that Trump and Xi agreed to reach mutually beneficial agreements. He reacted immediately by buying 120 lots of S&Ps, 60 lots of Copper and 60 lots of AUD/USD futures. As the move gained momentum and the Chinese Yuan strengthened significantly, he added to those positions aggressively and he also added to his Bund short position (220 lots) as the risk on sentiment prevailed.
After scaling out his positions and locking in a big P&L, the elite trader was aware that it was highly likely that this US-China report was inaccurate as only a few hours before, Trump was threatening China with more tariffs and also because there was an upcoming scheduled meeting between the two leaders later in the week. The Chinese Yuan and correlated markets (Copper, AUD/USD) had also pulled back from their extremes showing signs of disbelief in the report.
As a result, the trader started selling S&P futures after he judged that the move in the equities was way over extended relative to other markets and also as he expected a denial of the report to hit the wires. As this eventually happened, the trader added to his short S&P and also sold the DAX for a quick “smash-and-grab” trade which added to his P&L.
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Richard reviews the trade execution of an Elite Axia trader who profited over €120,000 in the morning session of Tuesday 27 November.
The trader started the day by getting caught short in the Bund on the 7am futures open as the market did not react as he expected after some positive overnight news on Italian budget negotiations with the EU.
Despite this, the elite trader quickly shifted gears as soon as the wires highlighted a report from Chinese Foreign Ministry Spokesman, Geng Shuang who said that Trump and Xi agreed to reach mutually beneficial agreements. He reacted immediately by buying 120 lots of S&Ps, 60 lots of Copper and 60 lots of AUD/USD futures. As the move gained momentum and the Chinese Yuan strengthened significantly, he added to those positions aggressively and he also added to his Bund short position (220 lots) as the risk on sentiment prevailed.
After scaling out his positions and locking in a big P&L, the elite trader was aware that it was highly likely that this US-China report was inaccurate as only a few hours before, Trump was threatening China with more tariffs and also because there was an upcoming scheduled meeting between the two leaders later in the week. The Chinese Yuan and correlated markets (Copper, AUD/USD) had also pulled back from their extremes showing signs of disbelief in the report.
As a result, the trader started selling S&P futures after he judged that the move in the equities was way over extended relative to other markets and also as he expected a denial of the report to hit the wires. As this eventually happened, the trader added to his short S&P and also sold the DAX for a quick “smash-and-grab” trade which added to his P&L.
Learn more about our 8-Week Career Trading Course and get 3 Mentored Trading Lessons FREE:
Gain access to more than 50 streams like this per month with professional traders. That's a total of over 1500 mins at £60 per month, equaling just £1.20 per stream.
Sign up now and get a free 2-week trial:
All of our traders use TT for fast and efficient execution on the DOM.
Try the TT platform free for 4 weeks:
Join our London Career Programme:
For more order flow trading strategies and advanced price ladder replay drills, view our order flow training course here:
Axia Futures engages in Developing World Class Traders Globally.
Follow us at:
#daytrading #sp500 #daytrader
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