The transition to Futures trading

[fiftyeight]

Still very interested in this thread, and Techs post was great. Just been super busy lately since I got back from Holidays.

I also had a 'feeling' that it was looking toppy when I got back and started looking for shorts.

Caught one earlier in the week but covered and counted the , wish I had of let it run Got on to this one though and will let it run its course.

After accidentally holding over the weekend previously I am cautious of doing it again, any thoughts if this trade is still alive?

 

[fiftyeight]

Shoulda, Coulda, Woulda.

So after my post last night expressing my hesitation of holding over the weekend I decided that if there was a spot to cover today I will and then start again on Monday.

Managed to watch the open, heading down and then I get called in to a pointless meeting that lasted waaaaay too long. When I finally had a chance to check, it had bounced back and was still moving against me

The only possible conclusion I can make is that it is time to tell the boss what I think of him

 

[>Apocalypto<]

very good week turned into a real blow out yesterday.no idea why just horrible. (might be my cold) ruined a very decent week in 12 hours. mind wasn't there did everything you shouldn't do.

good thing weeks over... new one to start.

 

[avion]

Shoulda, Coulda, Woulda.


The only possible conclusion I can make is that it is time to tell the boss what I think of him

...i am in the same boat 58. It's just matter of time...

 

[pavilion103]

I've been seeing what looks like a top forming for a couple of weeks.

SPI looks like it's rounded.
DAX looks heavy.
FTSE hasn't formed yet although may do so this week.
DOW looks overextended.

Just how I'm seeing it right now.

With study commitments I won't be on FTSE next two nights unfortunately given it could be a crucial time. We will see.

I've taken a second contract on the SPI this morning 6484. Stop around BE now.
Original contract was last week at 6530ish I think.

I'm looking to hold.

If I'm wrong about the top I'll be giving back a bit!

 

[dlineinvestor]

I've been seeing what looks like a top forming for a couple of weeks.

SPI looks like it's rounded.
DAX looks heavy.
FTSE hasn't formed yet although may do so this week.
DOW looks overextended.

Just how I'm seeing it right now.

With study commitments I won't be on FTSE next two nights unfortunately given it could be a crucial time. We will see.

I've taken a second contract on the SPI this morning 6484. Stop around BE now.
Original contract was last week at 6530ish I think.

I'm looking to hold.

If I'm wrong about the top I'll be giving back a bit!

Well done on you positions, bit of a misprint on your entry price
I understand your looking to hold, but why not use "loose trailing stops.
Something better than nothing is it not ? I've heard this is a pull back into higher prices, if this is the case then you'd only be half wrong, just a thought cheers
http://video.cnbc.com/gallery/?video=3000330302

 

[pavilion103]

Well done on you positions, bit of a misprint on your entry price
I understand your looking to hold, but why not use "loose trailing stops.
Something better than nothing is it not ? I've heard this is a pull back into higher prices, if this is the case then you'd only be half wrong, just a thought cheers
http://video.cnbc.com/gallery/?video=3000330302

For me, I think there are high probabiltiy areas where holding makes sense. This looks like one of them. If it continues to move I will look at where to trail along the way. But if taking the longer time frame then you need the wide stop to allow for volatiltiy, while also putting profits at risk.

The key for me is to be making consistent profits so that during these times if I want to hold them and risk giving them back it's not a huge deal. If this wasn't at a top I would have trailed today to take off 40 points.

RE the video. I don't pay too much attention to that sort of stuff. Having said that, even if the DOW was to continue to push up in coming months, I still see the need for some form of correction, no matter how shallow in the immediate term. It is very extended now. I noticed DOW futures are down 88 points at present too. Friday's bar looks like no demand to me also.

Usual rule is let one run if I think it's moving and take one off for around 40 here.

The other reason I am more inclined to hold is because I can't get on the FTSE the next 2 nights. If I could I'd close out of a SPI contract now. Because I think we are at a critical point and I can't get on the FTSE the SPI is my only vehicle for capitalising.

I am well aware of the risks however. We will see how it goes.

 

[dlineinvestor]

Fair enough, nice selling pressure today for your positions, re the vid its just an indication from one perspective ... eod trade what you see.
Lets see if the 50% level will hold, critical indeed.

 

[>Apocalypto<]

after Friday back to sim for a little while. real damage was done on FX.

Have opened a SIM acc with FXCM using Ninja Trader... first time i have used NT for actual trading. but enjoying having it back.

anyone know how to turn off or delete the trade references printed on the chart? during and after a position?

 

[>Apocalypto<]

anyone know how to turn off or delete the trade references printed on the chart? during and after a position?

worked it out.

 

[pavilion103]

Anyone getting FTSE chart on IB?

 

[kid hustlr]

yes

 

[fiftyeight]

Nope, no charts here either

 

[fiftyeight]

Still no charts, anyone else having issues?

 

[pavilion103]

I hope they are up soon.

No historic data as a new exchange

 

[pavilion103]

One SPI exited for 45.

FTSE charts working.

 

[>Apocalypto<]

Back on the horse last night.

dropped all the previous ideas and just went back to trading price. looking for points i thought it showed a trend change or a fail.

5/5 but, the DAX was very clean last night. still no 100% on this tip tap trading i am doing. don't have the stomach for what Pav does. so will continue on with looking for price set ups. still got to hold a little longer on most.

 

[pavilion103]

Darn it. It's moving down still. Should have followed my gut!

At least still 1 contract in play.

 

[CanOz]

How did the launch of the Shanghai Stock Connect affect the related markets? Any opportunities from this?

 

[skyQuake]

How did the launch of the Shanghai Stock Connect affect the related markets? Any opportunities from this?

For northbound, 55% of daily quota was done on the open! Saw some double digit gains on the high ADV stocks (which faded over the day).
Don't think it affected the market much as most of Asia was down sharply