The transition to Futures trading

[MichaelD]

Shaping up to be another "maximum pain for maximum participants" day.

Stop run on the open to hurt the remaining bottom pickers.
Then a big, quick reversal to go back over previous support to hurt the shorters.

Once again, several quick in-outs with very small size is the only way to safely play.

 

[TheUnknown]

Asxsp200

Long entry from 5,435.00 waiting

 

[LinRegSlope]

Asxsp200

I take it that this is a CFD product?

 

[LinRegSlope]

Shaping up to be another "maximum pain for maximum participants" day.

Stop run on the open to hurt the remaining bottom pickers.
Then a big, quick reversal to go back over previous support to hurt the shorters.

Once again, several quick in-outs with very small size is the only way to safely play.

Interesting to see on the 30 min SPI chart the number of lower highs, lower lows forming.

 

[pavilion103]

With various participants in this thread, I am now considering opening a futures thread specific to the FTSE.

This current thread is a huge success and I love what is going on here. Given the level of popularity posting about the FTSE has become just one of a number of futures markets.

Those interested in the new thread if I open it can post specifically about the FTSE.

 

[TheUnknown]

I take it that this is a CFD product?

Yes

 

[MichaelD]

To be honest no one seems to give a toss in here.

I'm not sure if there is much point in me posting up constant analysis if there is no critical discussion around it. Feedback and discussion is my primary motivation for posting.

With various participants in this thread, I am now considering opening a futures thread specific to the FTSE.

This current thread is a huge success and I love what is going on here. Given the level of popularity posting about the FTSE has become just one of a number of futures markets.

Those interested in the new thread if I open it can post specifically about the FTSE.

Somewhat ironic, no?

You got what you asked for, but it wasn't what you wanted. :

Personally, I really enjoy the various markets being discussed here in the one place. There are far more similarities than differences. It would be a pity to separate off the FTSE arbitrarily in my opinion.

 

[pavilion103]

Somewhat ironic, no?

You got what you asked for, but it wasn't what you wanted. :

Personally, I really enjoy the various markets being discussed here in the one place. There are far more similarities than differences. It would be a pity to separate off the FTSE arbitrarily in my opinion.

As I stated Michael, I am delighted with the interest in this thread in recent weeks. I thought it was almost coming to the end of it's life before.

I just feel that there is room for more specific FTSE analysis in another thread now, as well as continuing the general futures markets discussion in here.

 

[beachlife]

This thread is about your transition to futures trading, so seeing other people approaches, regardless of market and instrument type would give you plenty of perspectives to consider, unless you consider your transition to be complete then yes start a thread dedicated to your preferred instrument, otherwise the more opinions the better. It depends on what you want out of it.

 

[pavilion103]

Well there are two distinct purposes.

1. To share and discuss ideas (this thread)

2. To discuss and analyse specific price action relevant to the FTSE (setups etc).

 

[LinRegSlope]

Personally, I really enjoy the various markets being discussed here in the one place. There are far more similarities than differences. It would be a pity to separate off the FTSE arbitrarily in my opinion.

touché

 

[CanOz]

Well i'm just about to the end of my tether anyhow...my 20mb connection expired today so my trading PC is on the 10mb wifi now...

Good for practice, if NT lets me load everything...Really hit home today that I'm pretty much done for a while.

Been a great thread Pav

 

[MichaelD]

Really interesting end to the Aussie 200 day.

1. Pretty strong rejection of the initial downwards move today, getting significantly above the 5400 level.

2. Looking at the XAO daily, that's a pretty solid rejection of the lows. Wasn't entirely convinced yesterday, but a few more long tail days like today would be very bullish.

3. IG Clients now net short instead of net long.

The longs got a good whacking from the pain stick during the first couple of hours of trade. Seems to be the turn of the shorts next.

Managed 7 trades today, 6 out of 7 profitable, but all very small position sizes.

 

[LinRegSlope]

This is a setup I learnt from Davin Clarke and Alexander Tzavaras, two of the best traders I have had the privilege to study under. The only change is the addition of the SMI (bottom pane). Typically it is against the trend, so good for a few points, or if you are a swing trader then a low risk trade for a large possible reversal.

 

[cynic]

3 points, ouch. Hey Cynic, just part of the joy of trading, know the feeling all too well!

Fortunately I was brave (or perhaps insane) enough to hold that position overnight and was delighted when the "one that got away" decided to leap back into the net this morning.

A massive 8 points of profit on a rather old position.

Don't worry!

I assure you that I won't spend it all at once and will save a few of those points for a rainy day (i.e. next time I trade the DAX).

 

[hsifutures]

Hi guys,

Am new to the forum.

Was looking around for information pertaining to Hang Seng Futures Depth of Market. Does anyone know where I can get them?

 

[5oclock]

Well there are two distinct purposes.

1. To share and discuss ideas (this thread)

2. To discuss and analyse specific price action relevant to the FTSE (setups etc).

Hi PAV--I dont say much, but I am inclined to agree with MichealD that there maybe more similarities than differences in the markets and the thread may not get as large of an audience that it has if it just specializes in the FTSE. I also agree with CANOZ that it has been a great thread,one of the main threads I always read!!

 

[LinRegSlope]

Resistance on the SPI around 5475-5480. One of two scenarios IMO. Resistance holds and we channel between 5480 down to 5390, or 5480 becomes support and we channel between this level and next resistance around 5530.
So to state the obvious, up - down - or sideways

 

[MichaelD]

So to state the obvious, up - down - or sideways

Agrees 100% with my analysis. (No smiley).

Note to lurkers. Note the lack of irrelevant clutter on the presented chart.

 

[LinRegSlope]

Agrees 100% with my analysis. (No smiley).

Note to lurkers. Note the lack of irrelevant clutter on the presented chart.

Completely agree, one thing I have learned over the years for intraday trading is that 'less noise = clearer picture'!

As I write this the SPI is testing the resistance levels around 75-80.