The transition to Futures trading

[kid hustlr]

Do you reckon the long is on now tech or am I just kidding myself

edit: this was mine.



i felt really comfortable being short perhaps could have added on the break harry hindsight i guess.

 

[ThingyMajiggy]

My slaughtering of a P/L curve tonight, literally everything I did was wrong, enter a position, instantly bad, get out and flip, instantly bad.....rinse and repeat. Bloody hopeless, lucky it's sim.

 

[beachlife]

Ooops!
Call after the move perfect ( long 60 min after your call )
Call in realtime-----terrible.

It was real time within 10 seconds you arrogant tossa.

Just popped my head in and saw it's been stopped for insignificant profit. Never mind my script took 40 points from the move down. That must just eat you guys up.





and now for some fun again, long again off the 50% level.




Newt never heard of that guy, its based on Gann.

 

[beachlife]

stop to BE





Pav you really need to get your man crush under control.

 

[tech/a]

It was real time within 10 seconds you arrogant tossa.

Well my re visit has been fun
Thread has denigrated to usual
Slagging.

Back to cyber space.
Enjoy your trading everyone.

 

[beachlife]

Well my re visit has been fun
Thread has denigrated to usual
Slagging.

Back to cyber space.
Enjoy your trading everyone.

LOL
Once again slagging started by you. Let me guess, you checked the time scale, remembered that I am in a different state and you are not man enough to admit you were wrong in accusing me of pretending to post a live trade so you run and hide again.

I am quite happy to post live trades because I dont care if they lose, and I dont care if small minded gits like you laugh when I take a loss or dont make a huge profit every time, like you did with my oil trade - except that too blew up in your face. It's part of trading. You however wait for your trades to complete and then post to brag about how much you made. Pot-kettle-black.

 

[beachlife]

Tech you might as well stay, I waste far too much time here.

Joe Blow please cancel my login and dont ever let me back.

 

[pavilion103]

It was real time within 10 seconds you arrogant tossa.

Just popped my head in and saw it's been stopped for insignificant profit. Never mind my script took 40 points from the move down. That must just eat you guys up.

Yeh really eats us up inside
Will struggle to sleep tonight with my 65 point win.

What would really eat me up inside would be if I was a pathetic troll that no one wants in this thread.

 

[pavilion103]

Tech you might as well stay, I waste far too much time here.

Joe Blow please cancel my login and dont ever let me back.

The first intelligent words to be typed by this user.

 

[pavilion103]

65 point win for the night = $1,170.

Happy with the hedge position tonight.

"Oh we're in an uptrend so don't short at resistance" doesn't work.
It was crucial to watch that level tonight particularly as price stalled.
It was a 3 or 4 bar tight range setup on the 2 min that took my in my shorts.
4.5 risk per contract.
Gold to get on those with a stop at the high of the day.

Will post charts if I get time over the weekend when I do my analysis.

 

[beachlife]

65 point win for the night = $1,170.

Happy with the hedge position tonight.

"Oh we're in an uptrend so don't short at resistance" doesn't work.
It was crucial to watch that level tonight particularly as price stalled.
It was a 3 or 4 bar tight range setup on the 2 min that took my in my shorts.
4.5 risk per contract.
Gold to get on those with a stop at the high of the day.

Will post charts if I get time over the weekend when I do my analysis.

Ok as my final post here's something that I hope will help the newbies.

Pav took a trade against the trend and it worked. I never said they all fail I said they were low probability. He thinks he's a super star because he made 65 points. But he traded 2 contracts so he really made 33 points per contract. But hey 65 points sounds more impressive.

Here's how I went.

My scripts that follow the trend made 92 points per contract and the long I took off that 50% level is still open with 82 points per contract profit with stops at 70 points. That makes at least 152 points per contract in one night trading with the trend vs 33 points trading against it. Any book that you pick up will tell you to trade with the trend.

I dont know any of you and I shouldnt care, but it disturbs me when I see struggling traders listening to bad advice. It's a tough journey so good luck to all you newbies, you're gonna need it if you try and follow this bloke.

 

[kid hustlr]

http://www.zerohedge.com/news/2014-07-17/us-intelligence-confirms-malaysian-jet-brought-down-surface-air-missile

Seems like a jet was shot down overnight

EDIT: reading more about it now - freaking terrible

 

[qldfrog]

27 australians on board from "Le monde" website
RIP
no easy culprit: pro russian/russian to implicate ukrainian, or ukkrainian to implicate russians
These poor victims have died as a side effect of a conflict they were in no way involved in.
could be the black swan for the next correction

 

[pavilion103]

Ok as my final post here's something that I hope will help the newbies. Pav took a trade against the trend and it worked. I never said they all fail I said they were low probability. He thinks he's a super star because he made 65 points. But he traded 2 contracts so he really made 33 points per contract. But hey 65 points sounds more impressive. Here's how I went. My scripts that follow the trend made 92 points per contract and the long I took off that 50% level is still open with 82 points per contract profit with stops at 70 points. That makes at least 152 points per contract in one night trading with the trend vs 33 points trading against it. Any book that you pick up will tell you to trade with the trend. I dont know any of you and I shouldnt care, but it disturbs me when I see struggling traders listening to bad advice. It's a tough journey so good luck to all you newbies, you're gonna need it if you try and follow this bloke. <img src="https://www.aussiestockforums.com/forums/attachment.php?attachmentid=58715"/> <img src="https://www.aussiestockforums.com/forums/attachment.php?attachmentid=58716"/>

I thought you left....

 

[pavilion103]

RE my trades last night.

It really shows what a game of mathematics this is.

4.5 point risk for around 30 point profit.

If I only had a 15% winning rate in those spots (and somehow all other trades were taken out at initial stop, not BE), I'd be at BE overall.

It's all about playing the percentages.

 

[Newt]

I wish people could be around long enough to learn a bit more too.
Beach, I would have appreciated learning just a little about how you came to get your script trading going - did you do it all yourself, is a subset of your discretionary manual trading, what language.

Glad you had a good night Pav.
I looked in many times, but only after midday London time - busy sorting stuff at home - interesting day alright. Sorry to hear about the jet getting shot down.

 

[fiftyeight]

Any way back to trading

I have permissions sorted. Watch out Futures Markets

 

[Newt]

I'm at home today getting ready for a week away. Realised that CQG/AMP allows SPI trading at decent round trip commissions, and have had it up since open, watching on and off the price action.

As this is the "Transition to Futures" thread, would be interested to hear from any (Aussies?) who have moved from P/T night trading to working the SPI as well?

My initial observations from today and over the last week of price action:

- no half points - $25/point (not that different to the FTSE however) but don't see any half point movement
- less volatility and volume but still seems quite price action tradeable to patient and educated trader?
- my DOM is only show up to 5 levels either side of market, whereas Level II in other markets can be lots deeper - not a big deal to me

Was always in the back of my mind that I might tackle the SPI in the distant future. Pav, I gather from posts you've dabbled. Anyone else?

 

[pavilion103]

I'm at home today getting ready for a week away. Realised that CQG/AMP allows SPI trading at decent round trip commissions, and have had it up since open, watching on and off the price action.

As this is the "Transition to Futures" thread, would be interested to hear from any (Aussies?) who have moved from P/T night trading to working the SPI as well?

My initial observations from today and over the last week of price action:

- no half points - $25/point (not that different to the FTSE however) but don't see any half point movement
- less volatility and volume but still seems quite price action tradeable to patient and educated trader?
- my DOM is only show up to 5 levels either side of market, whereas Level II in other markets can be lots deeper - not a big deal to me

Was always in the back of my mind that I might tackle the SPI in the distant future. Pav, I gather from posts you've dabbled. Anyone else?

Pretty much my observations too.

I'm not a huge fan. Without the volatility and half points, I can't find too many low risk setups like with the FTSE that offer good RR.

I've had a crack but am putting it aside for now.

I'd possibly consider position trades at significant S/R levels that I could just leave passively for a period, but intra-day every day, not for me right now.

The only positive for me is the hours are different to FTSE, DAX etc, so it provides more opportunity.

 

[Newt]

Yes, I wouldn't trust myself to have the skill currently, but the option to trade longer hours at some future point (no pun intended ) and the possibility of learning more about ASX directions means I might sim trade it time to time.

I read in an ASF thread limit stops aren't always accepted on SFE too I believe.
I wonder if they'll ever introduce half-points.