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Tech/a vs. CanOz - Futures Trading Competition

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After having my long stuck long due to first my limit stop not activating and secondly my Market order not filling instantly as it should---rang the US desk and they closed out for me.

Still a better night and one where I did manage a weeks (average wage in a trade) which should have taken 1 hr not 1.5!

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Not much happening on my spreads....heating oil has gone against me a little bit, wheat is ok...

HO needs to move back down soon or i'll have to bail. I'm still within my risk though.
 

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pavilion103 said:
Do we get account updates at the end if this week?
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Well we have been yeah. I get my statement on Saturday so i'll try and update on Sunday or Monday by the latest.
 
CanOz said:
Well we have been yeah. I get my statement on Saturday so i'll try and update on Sunday or Monday by the latest.
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Not that hard for me I've only had one trade this week
+€984
 
peter2 said:
I don't know how you can use those "hairy caterpillar" charts. To my inexperienced eye they indicate the spreads to avoid as the market participants all agree on the costs of carry between contracts and there is no real change in supply/demand.
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Here are two different looking charts for the same spread. One is eSignal and its only RTH. The other is IB and its just ETH. I can't seem to get IB to plot only RTH with some contracts...

Is that because you got the direction wrong, or because the spread didnt behave, or a bit of both?
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@ Beachlife....The Brent spread i bought support, then it broke. So yes, directional bet gone wrong. One was an exit because i thought i had the wrong spread, turns out it was the right one.
 

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ThingyMajiggy said:
How many contracts tech?

We should run a tally of total acc balance at the end of each week too.
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One

Gave back a couple of hundred just now.
Trading range! I'm not setup for it---dumb lesson learnt
Frankly I don't really care when totals are given
It's the end result that's important.
One good trade can be the difference.
Enjoying the challenge.
I wanna win!
 
As I haven't converted back to base currency
I find this easiest to track.
Balance end of this week.

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ThingyMajiggy said:
What are you trading minwa? So reading that you've made around 10K yeah?
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Options on equities. In net value, yes increased around 10k. Pretty strong start, don't expect it to continue.

tech - do you mean Manchester United ? Don't think it was me got no interest in football.
 
tech/a said:
Presuming that's the contract value and the 10K is against the margin just like everyone else
10K/34k = 30%
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Pretty sure Minwa's capital is $228k as per Pav's post.

minwa said:
First week results. Won't be officialy entering the competition as I am not trading futures and my capital not within required range.
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BTW good job so far Minwa.
 
Account balance. Four trades, three losses and one still open. The HO trade was closed Friday night at a loss at over my 2% risk limit.
 

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