Education in trading indices CFDs

[MRC & Co]

or trade options volatility.

ha ha, and I bet you've been doing a bit of that lately eh Wayne!

 

[Wysiwyg]

I'm not au fait with VSA, but I'd confirm that trading indices is different to trading stocks.

Hi,
Would you ever go back or do you trade stocks occasionally?

 

[Trembling Hand]

Depth is and can be misleading.
Orders at market dont even show.
When the big players move they dont sit in depth.
You could make that statement about anything, stock, index, future.
TH's way of trading isnt the only way to turn a profit on a chart short term.

OK

I'll have to have a look at VSA on the SPI.
Frankly without doing that I cant speak from experience.

Just LOL. Absolute classic in arrogance.

Tech who the hell ever said that was the info to be taken from the DOM??

 

[tech/a]

(1) From what Ive read of your method, you attempt to pick flow of demand or supply from DOM---this isnt correct?

(2) I havent traded the SPI using VSA.

If commenting on what Ive seen of your trading is seen by you as arrogance then so be it.

 

[Trembling Hand]

(1) From what Ive read of your method, you attempt to pick flow of demand or supply from DOM---this isnt correct?

(2) I havent traded the SPI using VSA.

If commenting on what Ive seen of your trading is seen by you as arrogance then so be it.

You bang on about VSA being the tool for people who "get" the market & that no one gets it like you. Yet that info you are trying to get from VSA & Charts flows from the DOM before the bar is finish being printed. + a lot of info you don't get from a chart you see in a DOM. Like desperate trapped big players putting in orders outside of the spread to try and defend positions then pull them as soon as you hit them.

Then you see fit to discredit other peoples methods without having a friggin clue about their methods. From my understanding you have not actually made an index trade nor any type of Future trade or even spent any time at how the real money print the bars in a DOM screen. But as I would not like to jump to any false conclusions without actually knowing I will ask. How much of your knowledge comes from trading indexes again?? Only asking because I would hate to be arrogant to assume something I have no idea about

FYI - DOM readers don't give a toss about what is sitting in the book.

 

[Cartman]

Tech... I think if you are going to use VSA on indices, it is probably much better value using tick charts, not minute bars.

Well said Chopsui; i got into trouble encroaching on the Elliot wave thread offering my SIMPLE SIMON method of just trading 3 waves ------- nobody gave it much creedence ---fair enuff really i didnt explain it very well ;

when i mentioned i trade off 1 second charts, Tech fobbed me off in no uncertain terms; ( i made it clear i was talking about mainly Fx trading not stocks)

Tech,
throwing up a daily chart wanting us to predict where the next cupla bars are gonna go with an index based on vsa is like saying “im gona drive down Parramatta road and not stop at the third set of lights even though I cant see the lights yet -------- index FX traders make decisions after they just pass a set of lights and they can see the next set of lights up ahead ; and those lights can be goddamn close together sometimes ------ seriously try shorter time frames ; different world altogether

disclaimer; im only a newbie by some standards around here and happy to admit it so take my crap with a grain of mustard but ive done a sh*tload of screen time in REAL time while trading my underfinanced trading account (which for the record has always been positive

ps i know if i make a sh*t comment TH and Mirc etc will be down on me like a ton of bricks and im happy with that cause thats how i learn whats useful

 

[tech/a]

Where the hell do you get off.

discredit--where have I done that!! Question you bet.

Your not the first who trade Indexes and Futures who come across as the ducks guts.
I'll call it as I see--like or lump it.

Pull your head in.

Talk about arrogant.

 

[tech/a]

Tech fobbed me off in no uncertain terms; ( i made it clear i was talking about mainly Fx trading not stocks)

My comment was "This is where I lose interest"
I did and still have.
I thats I have no interest in 1 second charts.

Trade how you like.

Bring it on guys your like big girls blouses.
Somebody questions me---shock horror!

 

[chops_a_must]

Where the hell do you get off.

discredit--where have I done that!! Question you bet.

Your not the first who trade Indexes and Futures who come across as the ducks guts.
I'll call it as I see--like or lump it.

Pull your head in.

Talk about arrogant.

Lol.

The hypocrisy knows no bounds...

 

[MRC & Co]

Hi,
Would you ever go back or do you trade stocks occasionally?

I think Wayne trades every instrument under the sun!

 

[Cartman]

I get the feeling there could be more deleted posts around here shortly

Tech i dont want to turn this into a slanging match; youre a far more experienced and successful trader than i am and im happy to admit that but since we arent on the Elliot thread where in hindsight i shoulda stayed away from; why dont you trade or like 1 second charts; i think they would actually suit you and i mean that.

 

[MRC & Co]

ps i know if i make a sh*t comment TH and Mirc etc will be down on me like a ton of bricks and im happy with that cause thats how i learn whats useful

ha ha, that's what I like around here.

Believe it or not, a lot of DOM traders don't use much else but the DOM and an occassional glance at a 5 minute chart. Not my style though.........yet.

 

[tech/a]

Cartman.

I have better things do do with life than sit in front of a screen trading by the second. I dont have to.
There are a lot of young people here who are easily impressed with the gymnastics of those who trade 100 or so trades a day.

Not for me.
Having a look at T/Hs scatter chart is enough to put me off.
If thats the way you guys trade and enjoy it then hell why do I care.

But there maybe some here who like me dont want to be glued to 3 screens for hrs punching out buy sell orders like a boxer on ice.

 

[Trembling Hand]

discredit--where have I done that!! Question you bet.

See below then I will rest my case.

There are a lot of young people here who are easily impressed with the gymnastics of those who trade 100 or so trades a day.

Not for me.
Having a look at T/Hs scatter chart is enough to put me off.
If thats the way you guys trade and enjoy it then hell why do I care.

But there maybe some here who like me dont want to be glued to 3 screens for hrs punching out buy sell orders like a boxer on ice.

You complete Ar$e. SO I'm some punch drunk boxer on ICE. Stick it Tech you are THE trading GOD

Having watched as much depth as anyone it soon becomes obvious that those who want to sell and those who wish to buy do so at market.
Many have looked and claim an edge trading depth.
Frankly I just cant see it and T/H your very slight expectancy seems to vindicate my observations.

Yeah Tech no effort at trying to discredit here although its clear you have no idea what I do. NONE!!

 

[MRC & Co]

There are a lot of young people here who are easily impressed with the gymnastics of those who trade 100 or so trades a day.

Or impressed with the 7 figures in a DAY that is possible, not to mention, the consistency without huge risk.

To me, watching the markets unfold second by second and supply and demand movements changing, is the pure essence of this entire trading gig.

 

[mazzatelli1000]

Hi,

I have just opened a demo account with ig and am educating myself to trade indices. Can anyone recommend any great books or resources that they have found useful? https://www.aussiestockforums.com/forums/images/smilies/smile.gif

Have a read of John Carter "Trade the Markets" to get an IDEA of some techniques and approaches he used for trading indices.

NB: This is not a bible, and don't assume his methods automatically work and apply them.

What I found along with additional reserach and testing is using pivot levels are useful for trading indices, but that is what works for me and same goes to you - you have to find patterns/setups unique to you.

I am not sure what your knowledge base - so not sure whether to recommend TA 101 books etc.
Perhaps some more feedback will be helpful

 

[tech/a]

Having watched as much depth as anyone it soon becomes obvious that those who want to sell and those who wish to buy do so at market.
Many have looked and claim an edge trading depth.
Frankly I just cant see it and T/H your very slight expectancy seems to vindicate my observations.

This is an observation and I still hold it. Discredit?

Can you just point me to the thread where I placed this?
Thanks.

MRC.
$1,000,000/ day or more.
Seriously impressive.

And consistently.
Get a grip that would be headlines in every investment mag in the world.
Williams made it doing it once.
Now your all George Soros! Or going to be.

 

[mazzatelli1000]

Or impressed with the 7 figures in a DAY that is possible, not to mention, the consistency without huge risk.

To me, watching the markets unfold second by second and supply and demand movements changing, is the pure essence of this entire trading gig.

It sounds like you have definitely found your style!!!

Good stuff

 

[MRC & Co]

MRC.
$1,000,000/ day or more.
Seriously impressive.

And consistently.
Get a grip that would be headlines in every investment mag in the world.
Williams made it doing it once.
Now your all George Soros! Or going to be.

Did I say make 7 figures consistently? I said it is possible to make 7 figures in a day, not consistently, infact, make that 8 figures in a DAY, and you can consistently be green also with such a large number of trades per day.

I don't think I will ever get to that level, but it's possible and inspiring.

Headlines in every investment mag in the world? LOLLLLLLLLLLLLLLLLLLL. These guys keep a low profile and are from Europe, trading out here for a while. You will never read about them in mags, except on the top 30 in the world lists!

Mazza, I'm not quite NEAR that level yet. ha ha. Just pointing out why guys are trying to learn intraday from the DOM. It's not just 'gymnastics'. It's consistency, potential for huge profits using such large leverage, and you are always watching positions and mainly, cutting them quick, so you minimise risk.

 

[Cartman]

Cartman.

I have better things do do with life than sit in front of a screen trading by the second. I dont have to.

Fair enuff if u dont to ---- that tells me you have a real job which makes serious amounts of money so well done -----
Y do you trade at all then?

Cartman.

There are a lot of young people here who are easily impressed with the gymnastics of those who trade 100 or so trades a day.

Not for me.

Dont have to be young to be impressed by gymnastics!! Thats a bit unfair on the younungs

Cartman.

But there maybe some here who like me dont want to be glued to 3 screens for hrs punching out buy sell orders like a boxer on ice.

doesnt have to be hours unless u want it to be ---- minutes sometimes !!

that is y i thought you might actually like the concept of short term trading ---setup/enter trade/profit (maybe /out/ back to real job