The transition to Futures trading

tech/a · 11 July 2013

Ok I take on board your comments T/H.

Would have been stopped on this one.

Certainly agree that charts should be read during normal trading and not night sessions.
Also agree different markets are different animals.
But still believe with experience a story can be followed.
Strength did return and youd have been filled and stopped.

The thing about that trade is that right (you have great R/R)
wrong you know quickly and minimum loss.

Next!

pavilion103 · 11 July 2013

FTSE to fill this gap at all?

kid hustlr · 11 July 2013

pavilion103 said:
FTSE to fill this gap at all?

None of the markets I look at during the day (granted mainly bonds and the SPI) filled their gaps today for what its worth (probably nothing)

As an aside do you have a massive spike on your ftse chart around 130pm today? on my chart it looks like it got swept 50 points.

I've got a sneaky suspicion you are short here

boofis · 11 July 2013

kid hustlr said:
None of the markets I look at during the day (granted mainly bonds and the SPI) filled their gaps today for what its worth (probably nothing)

Edit: how do you define gap?

pavilion103 · 11 July 2013

My trade

We'll see how it goes.

Trembling Hand · 11 July 2013

tech/a said:
Also agree different markets are different animals.

Yeah very few would be trading that short term out right directional. If any?? Mostly its banks and prop doing a spread trade of some sort. They put on a trade around opens/closes and work them over days - thus the very low activity areas. IMO they provide little insight.....

kid hustlr · 11 July 2013

boofis said:
Edit: how do you define gap?

In this case I was referring to the contract opening well above the last close and never getting down to that close point. There's probably several definitions :dunno:

Trembling Hand said:
Yeah very few would be trading that short term out right directional. If any?? Mostly its banks and prop doing a spread trade of some sort. They put on a trade around opens/closes and work them over days - thus the very low activity areas. IMO they provide little insight.....

Can confirm there's a decent amount of guys who do trade short term directionally. Everything you said is 100% correct though and the directional trading is always with respect to the yield curve + spreads etc etc

boofis · 11 July 2013

kid hustlr said:
In this case I was referring to the contract opening well above the last close and never getting down to that close point. There's probably several definitions :dunno:

Did the open come within yesterdays high? I've been far more interested in gap fills between yest. high and todays open (if it opened higher).

tech/a · 11 July 2013

pavilion103 said:
My trade

We'll see how it goes.

View attachment 53300

Testing initial high now.

barney · 11 July 2013

Shorting a professional gap open looks fraught with danger for mine

PS. I'd be looking for a push to 6550 into/after the US open ..... Could be totally wrong of course

pavilion103 · 11 July 2013

Out @ 2 point loss.

It did look bearish as it tested that level a few times, but didn't move easily to the downside either.

I'm out for the night now.

pavilion103 · 11 July 2013

And now it's coming off. 30 points down.

Arrghh

tech/a · 11 July 2013

pavilion103 said:
And now it's coming off. 30 points down.

Arrghh

ERR you were out for the night.
Shouldn't be an issue!

pavilion103 · 11 July 2013

tech/a said:
ERR you were out for the night.
Shouldn't be an issue!

Yeh I need to switch off. Phone going off in a min.

Happy with my efforts tonight.

tech/a · 12 July 2013

How predictable is the FTSE?

cynic · 12 July 2013

tech/a said:
How predictable is the FTSE?

Would you kindly stop your FTSEing swearing!

The next thing I know, you'll be enquiring about the predicatability of the FTSEing DAX!

Does that answer your FTSEing question?

tech/a · 12 July 2013

cynic said:
Would you kindly stop your FTSEing swearing!

The next thing I know, you'll be enquiring about the predicatability of the FTSEing DAX!

Does that answer your FTSEing question?

Was a statement not a question!
For FTSEsake!

kid hustlr · 15 July 2013

Burst out of the gates on open, haven't seen a set up I feel appealing on the FTSE yet.

pavilion103 · 15 July 2013

kid hustlr said:
Burst out of the gates on open, haven't seen a set up I feel appealing on the FTSE yet.

I'm short. Stop at BE.

I'm not good yet at reading the opening 30 mins or so. I need more bars to spot setups. I'll learn though.

Can't lose now so good position to be in.

kid hustlr · 15 July 2013

Small winner closed.

As always im interested in thoughts.

all on sim fwiw.

- - - Updated - - -

pavilion103 said:
I'm short. Stop at BE.

I'm not good yet at reading the opening 30 mins or so. I need more bars to spot setups. I'll learn though.

Can't lose now so good position to be in.

Just saw this now. good man. I assume a trade similar to mine?

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