Australian (ASX) Stock Market Forum

Day Trading Futures

Jump to new
There seems to be some excitement
from the news that the Euro mess
may be delayed.This to me is temporary
and I'll be selling rallies.Minis are rallying
as it the commodity complex and the AUD.
 
Nice results you are posting up there trader girl, seems you have a winning formula..

Would you mind adding some charts and details as to why you took the trade..
 
namrog said:
Nice results you are posting up there trader girl, seems you have a winning formula..

Would you mind adding some charts and details as to why you took the trade..
Click to expand...

This particular trade was based on my
earlier post above...

In saying that I still needed to find a
good area to short.My trigger was observing
the Nikkei going negative while the Spi
was up around 1% my experience has
shown me we were very likely to pull
back.Watching other Asian markets is
a key factor in my trading.

Hope this helps.
 
Fair enough

But Id have thought this obvious disparagy

In saying that I still needed to find a
good area to short.My trigger was observing
the Nikkei going negative while the Spi
was up around 1% my experience has
shown me we were very likely to pull
back.Watching other Asian markets is
a key factor in my trading.
Click to expand...

Was ideal to take more than 12 ticks?
But hey 98% hit rate at 5 tick a trade---
Carry on.
 
Trader Girl said:
Spi 200 futures contract
Trades on the SFE.
Click to expand...
OK so you are going into the real market not with a market maker. Isn't that rather expensive?

I'm just curious that is all because I trade with CFD's and it only costs me a little over $20 a 1 point move for 1 contract.

I'd be interested to learn what other traders are using.

TIA
 
TECM said:
OK so you are going into the real market not with a market maker. Isn't that rather expensive?

I'm just curious that is all because I trade with CFD's and it only costs me a little over $20 a 1 point move for 1 contract.

I'd be interested to learn what other traders are using.

TIA
Click to expand...

SPI is $25/pt. With a mm you will pay a spread while you can sit on the bid/ask in the real mkt.
Crossing the spread really adds up if you're an active trader
 
skyQuake said:
SPI is $25/pt. With a mm you will pay a spread while you can sit on the bid/ask in the real mkt.
Crossing the spread really adds up if you're an active trader
Click to expand...

Yes I totally agree skyQuake.

My MM though is good during the day and only a 1 point spread but 4 at night which is a bummer.

Over the 10 years or so I've been trading the DOW and Aussie 200 though the spread has really changed overnight as more and more active traders are entering the overnight markets. Sometimes the spread could be as much as 20 points O/N which could result in a liquidation at the drop of a hat.

When I first started trading only a few 100 contracts were often traded o/n but now there are 1000's which makes the spreads much tighter and usually stick to the 4 points.

How times have changed.

With a MM though you can still place your order at your price and sit and wait.

There are so many different providers now for different products so I'm interested in what people are trading.
 

Similar threads

L
Day Trading Mentor
Replies
0
Views
522
_lucky_
L
rolly1
XJO, Gear, Spi, Overwrites & CC's (no not the chips)
2
Replies
21
Views
3K
Rosscoe62
Rosscoe62
Richard Dale
  • Article
Resources for Systematic/Algorithmic Trading
Replies
12
Views
2K
Richard Dale
Richard Dale
Fiona96
ATO Tax!
Replies
18
Views
2K
Ibza
Ibza
Joe Blow
  • Locked
December 2024 Stock Tipping Competition Entry Thread!
2
Replies
38
Views
2K
greggles
greggles
Top