The transition to Futures trading

[tech/a]

Order in for Short DAX 8393 if it gets there.

 

[tech/a]

Order in for Short DAX 8393 if it gets there.

Have run 3/3 tick short trades in this range
Waiting to reset again.
and Again

 

[tech/a]

Gave back 1
Now long + 4

Having fun all by my lonesome.
Night all.---err night

 

[cynic]

Gave back 1
Now long + 4

Having fun all by my lonesome.
Night all.---err night

Apologies, you must have misheard me.

I didn't actually say "It's open season on DAX!"

What I did say was "It's open season on Ducks!"

 

[boofis]

Well said tech/a. A very timely reminder for this thread.

Classic newbie mistake: Impatience.
Symptom: Considering a gamble for a big result while ignoring your primary goals to build capital, gain experience, acquire skills.

(Edit)
Pav: You can put yourself in a position trade using a 3-5m chart if you plan for it.
It requires a very different trade (and risk) management style than what you and others are illustrating in this thread. You are either intra-day trading during the UK session or not.

Would be interested to see an example of the position style you're referring to if you get a chance.

 

[kid hustlr]

Interesting start on the FTSE!

 

[Trembling Hand]

Interesting start on the FTSE!

Yeah!! Have a look at the HSI

 

[pavilion103]

Short 6470

 

[kid hustlr]

Short 6470

tell me u still have it!

 

[pavilion103]

Out 6440.

Jesaulenko you beauty!

30 points in 10 mins!

 

[tech/a]

Out 6440.

Jesaulenko you beauty!

30 points in 10 mins!

Nice!

 

[pavilion103]

I only decided to come on while I was updating my Aussie stocks, so a bonus to get a nice trade.

With IB does anyone know when the closed trade is converted to AUD? I notice that I'm out of the trade but my account is fluctuating by a few cents at a time.
Is it the end of the day?
End of the month?

 

[Caveroute]

Out 6440.

Jesaulenko you beauty!

30 points in 10 mins!

Yes nice one.

I was short at 6475 but let myself be stopped out at b/e ............

Still, made 20pts on the open - in ~3 minutes I reckon.

Currently short at 6433.

Out for b/e.

 

[Trembling Hand]

With IB does anyone know when the closed trade is converted to AUD? I notice that I'm out of the trade but my account is fluctuating by a few cents at a time.
Is it the end of the day?
End of the month?

Never. you have to do it yourself.

 

[pavilion103]

Never. you have to do it yourself.

How does that work exactly?
How do I convert it?

 

[pavilion103]

Also no one answered a previous question I had about the open.

If I have a tight stop 3-5 points and bet on the market breaking out one way, then move my stop to BE almost immediately, wouldn't this be a huge probability play?
I mean, most times it seems to shoot off in one direction for at least 15 or 20 points.

Am I missing something? Is poor fill the only risk?

 

[Caveroute]

Also no one answered a previous question I had about the open.

If I have a tight stop 3-5 points and bet on the market breaking out one way, then move my stop to BE almost immediately, wouldn't this be a huge probability play?
I mean, most times it seems to shoot off in one direction for at least 15 or 20 points.

Am I missing something? Is poor fill the only risk?

This is one of my automated strategies.

Simple in concept but has a few challenge in execution.

Like, which way do you go and how do you make sure you get in, at a price that makes statistical sense.

 

[captain black]

How does that work exactly?
How do I convert it?

http://ibkb.interactivebrokers.com/node/1172

 

[captain black]

http://ibkb.interactivebrokers.com/node/1172

That video goes through the process of creating a currency pair. A simpler way is to right click on your "market value" section of the account window and select "close all non-base currency balances"

 

[pavilion103]

Thanks for that. Much appreciated.

A second long @ 6432