The transition to Futures trading

[cynic]

LOL @ the DAX. I'll need another holiday after that!!!

+1.

I'll be needing some seriously intensive care after this past week's action!

 

[CanOz]

+1.

I'll be needing some seriously intensive care after this past week's action!

That was a tough old grind down though Cynic, are you happy to see it finally break again?

 

[cynic]

That was a tough old grind down though Cynic, are you happy to see it finally break again?

Last Tuesday, I was talking to a friend of mine and basically saying that after days of punishment I was now hedged sufficiently that I could survive a continuation of the downtrend but would be unable to survive any sudden bounces.

Three of my accounts got blown apart Wednesday night. This has been my worst year ever! (Yes! I was trading during the GFC).

 

[tech/a]

LOL @ the DAX. I'll need another holiday after that!!!

View attachment 62997

Thought you'd have enough for another holiday from that!

 

[CanOz]

Last Tuesday, I was talking to a friend of mine and basically saying that after days of punishment I was now hedged sufficiently that I could survive a continuation of the downtrend but would be unable to survive any sudden bounces.

Three of my accounts got blown apart Wednesday night. This has been my worst year ever! (Yes! I was trading during the GFC).

Mmmm, sorry to hear that mate, thats rough!

 

[>Apocalypto<]

Last Tuesday, I was talking to a friend of mine and basically saying that after days of punishment I was now hedged sufficiently that I could survive a continuation of the downtrend but would be unable to survive any sudden bounces.

Three of my accounts got blown apart Wednesday night. This has been my worst year ever! (Yes! I was trading during the GFC).

what where you trading on Wednesday Cynic? I had a average one as well. lost 5% found out hard way i am struggling to read entry's on FXCM charts.

 

[avion]

Three of my accounts got blown apart Wednesday night. This has been my worst year ever! (Yes! I was trading during the GFC).

Now you are getting to be ready to trade and no i am not being cynic!

They say success comes from either inspiration or desperation. I think any trader is kidding themselves if they think it comes from the former. Just sayin'...

 

[cynic]

what where you trading on Wednesday Cynic? I had a average one as well. lost 3% found out hard way i am struggling to read entry's on FXCM charts.

That demonic son of a bourse from the undiscovered depths of Hades (i.e. the DAX).

 

[Trembling Hand]

Thought you'd have enough for another holiday from that!

ha! It was certainly some good match practise anyway to kick off the new season.

It may be beginners luck, or maybe the large break from the screens, but I'm finding the DAX much more readable than the HSI.

 

[>Apocalypto<]

That demonic son of a bourse from the undiscovered depths of Hades (i.e. the DAX).

feel u mate, so rewarding and destructive.........

just trade smaller / have a break till you feel right again.

 

[>Apocalypto<]

double wash out...

 

[tech/a]

ha! It was certainly some good match practise anyway to kick off the new season.

It may be beginners luck, or maybe the large break from the screens, but I'm finding the DAX much more readable than the HSI.

You'll see that many familiar faces you'll think your at your local.

 

[sinner]

Last Tuesday, I was talking to a friend of mine and basically saying that after days of punishment I was now hedged sufficiently that I could survive a continuation of the downtrend but would be unable to survive any sudden bounces.

Three of my accounts got blown apart Wednesday night. This has been my worst year ever! (Yes! I was trading during the GFC).

Rough.

My condolences (why so many separate accounts?).

A couple of thoughts, that after 4 consecutive down closes the probability of an up day is relatively high, at least 50%!

So I think putting yourself in any position where you are "unable to survive" given the outcome of an uncertain situation is probably worth working on (to me the bounce looks pretty much like 5 day mean reversion on the daily chart and the dip that earned a LOL from TH barely registers as much more than noise).



vols actually went down...

 

[cynic]

Rough.

My condolences (why so many separate accounts?).

A couple of thoughts, that after 4 consecutive down closes the probability of an up day is relatively high, at least 50%!

So I think putting yourself in any position where you are "unable to survive" given the outcome of an uncertain situation is probably worth working on (to me the bounce looks pretty much like 5 day mean reversion on the daily chart and the dip that earned a LOL from TH barely registers as much more than noise).

I couldn't agree more.

My usual strategy is to implement systems that are designed not to run into situations such as these. Every now and then I make a seemingly innocent revision when redeploying an existing strategy, and, sure as nightfall the DAX finds the chink in the armour and exploits it to devastating effect.

The reasons for multiple accounts are to circumvent certain logistical issues that are broker/provider and/or platform related.

 

[Trembling Hand]

the dip that earned a LOL from TH barely registers as much more than noise

vols actually went down...

But the Diff is I was trading it short term and you are looking at a daily chart the day after. Any move that wipes out a day long rally in 3 minutes is a notable move.

 

[PolarBull]

Hi All,

Thanks a lot for running such a great thread.

I had a look at DAX price action a few days ago, very impressed. One problem for me is minimum price for one point is €25, and with such volatility even on 1m chart, my stop would have been at least 10 points (but in reality even up to 15-20) making it impossible for me to trade.

I was wondering if there is a liquid mini contract that can be traded via Interactive Brokers?

Thanks.

 

[fiftyeight]

IG markets has a EUR 5 mini CFD or a A$1 CFD if you are happy with trading the cash market

But you will still need data from another source if you require volume

 

[>Apocalypto<]

well my test of trading 1 min with FXCM has come to a close. Execution time the problem. while i had a profitable week last week 100 lots tonight (10 a point) are just so slow to open and close.

so it's going to be impossible to mange that. think till i can get back on IB with Ninja the dream is on hold. hope to report more back on it one day in the future.

still trading off the daily and 8 hour but for now scalping is over. (live anyway)

26k in 7 weeks on my demo execution on that is perfect maybe a little to perfect meaning my 1 min stuff will always be a pipe dream.

good trading all

 

[Trembling Hand]

well my test of trading 1 min with FXCM has come to a close. Execution time the problem. while i had a profitable week last week 100 lots tonight (10 a point) are just so slow to open and close.

so it's going to be impossible to mange that. think till i can get back on IB with Ninja the dream is on hold. hope to report more back on it one day in the future.

still trading off the daily and 8 hour but for now scalping is over. (live anyway)

26k in 7 weeks on my demo execution on that is perfect maybe a little to perfect meaning my 1 min stuff will always be a pipe dream.

good trading all

Thats a shame. From my little dabble CFDs have actual better executions than the real market because they are MM trades going trough in OZ servers rather than the latency delay you have to deal with getting info and sending orders from here to Euroland.

Many a time sending orders to Eurex I'm hitting out with limits now and missing the prices just cuz of the time delay. Somewhat frustrating.

On another point. Has anyone actually made the shift from trading small $ CFDs to actually getting it right with the futs? To me it seems like a jump just not made? Is there something in that?

 

[CanOz]

Many a time sending orders to Eurex I'm hitting out with limits now and missing the prices just cuz of the time delay. Somewhat frustrating.:

TH, are you actually able to test the latency to Eurex from MLB?