The transition to Futures trading

[fiftyeight]

Out at 97, got a bit scared of the resistance at 92 so tightened stop. Will look for a spot to re-enter

 

[Newt]

Out 6801 here.

Originally pencilled in possible move down to 6775, but wasn't willing to chance it bouncing back off 93 in a big way either. 14pts for the night after a late start is pretty good compared to undisciplined nonsense I've been "unlearning" last couple of months.

 

[fiftyeight]

what should I be looking at tonight, sept or dec

 

[payday]

what should I be looking at tonight, sept or dec

Dec is the active contract

 

[CanOz]

The Dax is still trading sept, i thought the Z and the DAX rolled on the same day??

 

[pavilion103]

FTSE finishes tomorrow doesn't it?
I was trading Sep up until yesterday. Today I went to Dec.
When Dec volume is close to the Sep volume to switch to Dec ( today)

 

[Jasonm2310]

Hi Guys,

Quick question.. Does anyone use X Trader DOM on here to trade and would you rate it?

 

[barney]

Hi Guys,

Quick question.. Does anyone use X Trader DOM on here to trade and would you rate it?

Its pretty expensive ... you would need to be doing some serious volume .... out of my league

 

[Trembling Hand]

Hi Guys,

Quick question.. Does anyone use X Trader DOM on here to trade and would you rate it?

I use it and I think its an expenses ($1200 a month) piece of :flush: certainly fast but for retail there is a heap of cheaper better options.

 

[barney]

I use it and I think its an expenses ($1200 a month) piece of :flush: certainly fast but for retail there is a heap of cheaper better options.

TH (welcome back by the way) .... What do you reckon is the best bang for the buck for an average retail trader? ..... Ninja?

 

[Jasonm2310]

Thanks guys.. If the props are using than it must be decent plus the fast execution sounds ideal for what I'm trying to achieve . Would would the alternative be TH?

 

[Trembling Hand]

If the props are using than it must be decent

Nah mate its only cause its setup for back office risk controls. There is no other option. Where do you live and what broker are you using now?

 

[pavilion103]

OK well this might spark a bit of interest if anyone is following the FTSE.

First bar range 23 points!

First 10 mins down 40 points!

Interesting to see if this smashes down from the top.

I took 3 yesterday at 6772.

I exited 1 @ 6742 for 30 points.

I agonised over what to do about the other two.

I figured potential major top so I will leave both.

So I'm currently holding 2 short. I had no opportunity to get back on the third on open.

 

[pavilion103]

And now its an 80 point fall in just over an hour!!

This is ridiculous.

The US looks toppy too. I wonder if that will take a dive overnight.

Interesting evening ahead.

 

[Jasonm2310]

TH - So your prop.. Residing in the sunshine state mate. Currently with AMP Futures but not really happy with there customer service or round turn rates considering I'm reasonably active within the market. So far the path has led to either X Trader, CQG or Jigsaw.

 

[pavilion103]

Huge fall in markets but no one interested.

Who would have thought that trading threads would generate so little interest on a trading forum compared to Jihad and Abbott.

 

[5oclock]

Huge fall in markets but no one interested.

Who would have thought that trading threads would generate so little interest on a trading forum compared to Jihad and Abbott.

PAV-- FTSE ,it just keeps on falling, just when you think it looks like a bottom , it falls again!!!

 

[nomore4s]

Huge fall in markets but no one interested.

Who would have thought that trading threads would generate so little interest on a trading forum compared to Jihad and Abbott.

Might be more interest tomorrow when the Aussie market takes a hit. Not sure how many on this forum trade the overseas markets.

 

[CanOz]

Huge fall in markets but no one interested.

Who would have thought that trading threads would generate so little interest on a trading forum compared to Jihad and Abbott.

I'm very interested, just waiting for your charts Pav...no intraday data at the moment!

 

[pavilion103]

OK. I'm excited enough to post a chart lol.

I actually just lifted my second contract. I planned to hold longer but I feel I need to be balanced. I can always re-enter in the coming days to capture a down move if it eventuates.
FWIW I still think it's headed down but I thought I'd take one off prior to the US session due to potential unpredictability.

Also looking at the FTSE daily chart, that is one HUGE bar. Just when you think it can't go lower it will, but it's a brilliant move captured in 24 hours. Happy to pocket the remaining half of the profit and let just the 1 run.