The transition to Futures trading

[CanOz]

If I was running an exchange I would want ppl trading and paying brokerage 24/7.

If I was someone trading size I would want to be able to trade 24/7.

What am I missing?

Its thanksgiving in the US.

 

[fiftyeight]

Nope, it seems to have changed when it went to ICEEU. I have been on hols for a while and not paying enough attention though???

 

[fiftyeight]

No idea about Spreads.

Jason has asked about Guy Bowers and Spreads, Guy has a facebook page and a few internet sites. Some of it is paid, but there is enough free good resources to make the decision to pay for the rest if you so wish.

 

[fiftyeight]

Another pondering.......

Regarding using volume as part of some kind of indicator or what ever you use it for. Big volume at the open is much different to big volume at lunch or after hours.

How do others adjust for this, with respect to the days volume range or an average for that time of day or....??

 

[dlineinvestor]

In a swing long aus200
CFD version of SPI
5319 4 lots equivilant to 5322 actual SPI
C what happens ... also wanting US markets to open and keep going higher (that would be a bonus )

 

[tech/a]

In a swing long aus200
CFD version of SPI
5319 4 lots equivilant to 5322 actual SPI
C what happens ... also wanting US markets to open and keep going higher (that would be a bonus )

Why would you take a swing trade when nothing has swung?
Crazy position
In my opinion

 

[tech/a]

Why would you take a swing trade when nothing has swung?
Crazy position
In my opinion

But then a hard thrust down often does some correcting

 

[CanOz]

In a swing long aus200
CFD version of SPI
5319 4 lots equivilant to 5322 actual SPI
C what happens ... also wanting US markets to open and keep going higher (that would be a bonus )

Are the US markets opening tonight?

 

[payday]

Are the US markets opening tonight?

Trading half day today.

 

[dlineinvestor]

But then a hard thrust down often does some correcting

This type of thinking is what netted me 1800.00 on top of intraday gains. 4 lot x 18 pts
I didn't like price action around the 5340 area so I took profits at 5337.
It might move higher but if commodities move any lower, I might regret it.
I cannot remember a time when GOLD, IRON ORE, OIL AND THE AUD have all been declining in unison.

 

[dlineinvestor]

Are the US markets opening tonight?

CanOz
I should have clarified "for Monday"
By the way don't you just hate it when they are closed, bit like trading blindfolded. Not that I don't like being blindfolded ... ooops never mind !
Story for another thread in another forum

 

[CanOz]

CanOz
I should have clarified "for Monday"
By the way don't you just hate it when they are closed, bit like trading blindfolded. Not that I don't like being blindfolded ... ooops never mind !
Story for another thread in another forum

I've been caught before trading futures when a related cash market has been closed, thin liquidity, boring ranges...stupid.

Economic and exchange calendars are great things.

 

[pavilion103]

I haven't been too active in here. Time reasons.

With some time off over Christmas I've got all my notes together and plan to really consolidate my trading plan and setups in writing.

So many raw thoughts written down here and there.... so often the same ones keep coming up again and again. There are a few common threads. Clarity is key in trading. With clarity and intend I see things very clearly. When I lose site of this I lose money.


I took one on the SPI the other day. Got stopped by 1 point . Would be up close to 100. Shame.

I've taken a couple on the DAX for the first time. BE and 30 points the previous few days.
Last night I got on a RIPPER. Entry 9990, stop 10,001. It moved 85 points in my favour, but I'm looking for a big move. I think it's in a good place. Trailing stop was 9960.
I'm prepared to take a bit of a risk given the point it's at on the chart if I can get one within my risk parameters.

Stopped out on FTSE BE last night too.


DOW interesting.
After this shooting up, consolidation in a very tight range. Usually means a move to follow.

 

[pavilion103]

I'm hoping with things slowing down towards the end of the year I'll get the chance to be back on posting some more charts. I think they are the most beneficial way to contribute on here.

 

[CanOz]

In a swing long aus200
CFD version of SPI
5319 4 lots equivilant to 5322 actual SPI
C what happens ... also wanting US markets to open and keep going higher (that would be a bonus )

Hope you got flat for the weekend?

 

[dlineinvestor]

Hope you got flat for the weekend?

This type of thinking is what netted me 1800.00 on top of intraday gains. 4 lot x 18 pts
I didn't like price action around the 5340 area so I took profits at 5337.
It might move higher but if commodities move any lower, I might regret it.
I cannot remember a time when GOLD, IRON ORE, OIL AND THE AUD have all been declining in unison.

After seeing fridays half session, the major indicies look like they are going to correct soon.
If the SPI breaks sycom low Monday and continues I will be looking for a test of the mid Oct low area.
Barring all other macro events everything points to the commodities recovering (ASX more so)

 

[tech/a]

Can you trade CFD'S when the markets closed?

 

[dlineinvestor]

Can you trade CFD'S when the markets closed?

Stocks no but indicies yes ....
The aus200 cfd for friday (version of the spi) runs until 8am sydney time sat morning
After hours the spread widens usually to 3-5 pts but I've seen 13 points at times. I don't make a habit of trading it after hours, one lot requires 425.00 of margin
During RTH at times it's only one point difference from the actual SPI

The German30 or DAX cfd has a one point spread during DAX RTH
I trade that most evenings after the ASX close.
Mirror moves of the DAX

 

[fiftyeight]

My longer term SPI trade was stopped out by 4 points and has since smashed down haha

This is tough game

 

[pavilion103]

My longer term SPI trade was stopped out by 4 points and has since smashed down haha This is tough game

Tell me about it!
First I stupidly closed out two contracts which were brilliant places to hold. (My own fault).
Then on Thursday before the big move of the last few days I got on near the top of the day and was stopped by 1 point!

Brutal at times!