The transition to Futures trading

[kid hustlr]

Not sure what to make of today, the FTSE is ahead of the DAX (broke out of its bracket)...The DAX is in a bracket...No news today...

Sit on hands and wait for the trade i just cannot pass up i guess...whatever the heck that looks like.

Seeing it the same way. FTSE just seems so bullish with all dips being bought. Will be watching to see how it reacts should it get above 6600

EDIT: big volume straight off the bat and subsequently pushing lower. The fixers might be in

 

[CanOz]

Seeing it the same way. FTSE just seems so bullish with all dips being bought. Will be watching to see how it reacts should it get above 6600

EDIT: big volume straight off the bat and subsequently pushing lower. The fixers might be in

ZZZZ.........

Play the extremes i guess....until then i'll just play on my sim account.

 

[CanOz]

I just watched this video with Peter Steidlmayer...basically he says that unless you consider time in your trading then traditional T/A is useless (as is Traditional Market Profile) to trade with and you will not be profitable long term.

Video is here...

 

[payday]

I just watched this video with Peter Steidlmayer...basically he says that unless you consider time in your trading then traditional T/A is useless (as is Traditional Market Profile) to trade with and you will not be profitable long term.

And I have just returned from the IFTA conference in San Francisco where Richard Arms was saying that time is useless in TA as we don't trade time but price! Hmmm - honestly my thought is whatever works for you then stick to it.

 

[CanOz]

And I have just returned from the IFTA conference in San Francisco where Richard Arms was saying that time is useless in TA as we don't trade time but price! Hmmm - honestly my thought is whatever works for you then stick to it.

Yup, couldn't agree more.

 

[barney]

I just watched this video with Peter Steidlmayer...basically he says that unless you consider time in your trading then traditional T/A is useless (as is Traditional Market Profile) to trade with and you will not be profitable long term.

Video is here...

Thanks for the link Can, I picked up a few hints from TH a long while back about the importance of Time in trading. Frank D also bases his analysis around predominantly around time relative to price. Opened up a whole new world to me personally, but agree, use what works for each individual. Cheers.

 

[CanOz]

Thinking we may get some bracket definition going today...so if we challenge the highs in Europe i'll be looking for some sellers....if we fail there then i suspect we could test the lower end of the bracket where i'll look for buyers to return the market to balance... If we accelerate through then I'll look to buy pullbacks.

If we don't challenge the highs from the open then we could test the prior value area POC at 8832, or the PVWAP at 8836....in fact we could open there...

Not expecting a huge day before the US opens...in fact if the market is still thin may sit on hands again.

 

[CanOz]

Interesting pre-cash open right on the highs....this is out of balance and may provide for a nice opportunity with an open swing at the cash open.

 

[kid hustlr]

Anyone else have a weird spike on the FTSE? Not sure if its a data glitch or not?

 

[CanOz]

Anyone else have a weird spike on the FTSE? Not sure if its a data glitch or not?

No, i have nothing unusual...its been grinding up in the pre-cash...

 

[kid hustlr]

No, i have nothing unusual...its been grinding up in the pre-cash...

Ta mate. very weird, I;ve got trade as high as 6678 at 11am this morning

 

[CanOz]

Ta mate. very weird, I;ve got trade as high as 6678 at 11am this morning

Doesn't sound good there, who is the data vendor?

 

[Boggo]

Ta mate. very weird, I;ve got trade as high as 6678 at 11am this morning

Got that too on DTN.IQ data feed

 

[CanOz]

wow really...IQFeed is supposed to be very good data.

 

[kid hustlr]

Im with CQG.

Obviously you don't take much notice of that but it does make a difference when you are quickly eyeballing the chart.

This is a snoozefest. Every little dip is getting bought up but no one is trying to push it higher. Perhaps its just measured accumulation for now. Either way there's not much doing

 

[cynic]

Doesn't sound good there, who is the data vendor?

Got that too on DTN.IQ data feed

I got the same with my OTC provider. I haven't checked into their data provider in recent times. Presumably they're taking their feed from a similar source.

I pity the traders that had their shorts stopped out on that out of hours spike! I'm guessing that's what that move was all about!

 

[CanOz]

I'm with CQG as well, but my Euro session does start until 2 PM Perth time, so thats likely why its not show...

yes, in fact if i change to default 24/7 the spike is there...

 

[CanOz]

Seriously, the DAX has not been right for weeks. The volume has dropped right off, making days like this even slower. I reckon I'm going to end up trading only the US markets soon.

I wonder what has caused the decline in volume?

 

[cynic]

Seriously, the DAX has not been right for weeks. The volume has dropped right off, making days like this even slower. I reckon I'm going to end up trading only the US markets soon.

I wonder what has caused the decline in volume?

It's got me puzzled as well.

It's been allowing my to slowly accumulate small profits without throwing a tantrum!

I may need to follow up on that "Get Well" card with a wreath!

 

[CanOz]

It's got me puzzled as well.

It's been allowing my to slowly accumulate small profits without throwing a tantrum!

I may need to follow up on that "Get Well" card with a wreath!

Well it does make you wonder if there is less volume up in these lofty heights, how is the trend going to continue...

Shorts anyone?