Australian (ASX) Stock Market Forum

The transition to Futures trading

Lot more to come
This could get really nasty
Imagine a government that
Is putting 80% of your nett
Wealth at risk. You'd want to
Be a Greek "Preper"

Idiots over reacting!?
 
Quick reminder for those holding into the US session....NFP data is released tonight!
 
3 big up days on the SPI. and Monday's fall cancelled out.

Is the low in or is this just the start?

Well China put in another interesting day:eek:
 

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Trading Spot FX on the 1min chart and trading the ES on the 1m chart is 10x easier. Spot FX is choppy and absolutely crazy (still tradable :cool:) while the ES 1min is amazingly smooth and orderly in comparison...:eek:

I am loving it so far.
 
I am still astounded at how beautiful and clean the price action is on the futures vs spot fx
 
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A couple of trades today. Loving the DOM. Futures rock!

AMP Has been excellent - their support is phenomenal; I had some issues with the platform and they were super helpful and speedy sorting it out.

I tested out XTrader and QTrader. For me, Qtrader hands down is the best!
 

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A couple of trades today. Loving the DOM. Futures rock!

AMP Has been excellent - their support is phenomenal; I had some issues with the platform and they were super helpful and speedy sorting it out.

I tested out XTrader and QTrader. For me, Qtrader hands down is the best!

The charts on X_Trader are a little cumbersom. I really like the DOM though. I've not tried Q_Trader. CQG is my next trial...
 

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The charts on X_Trader are a little cumbersom. I really like the DOM though. I've not tried Q_Trader. CQG is my next trial...

Yes and not very order friendly they don't have bracket orders (specify TP and SL) unless you use their logic programming ADL platform to create them whilst QTrader is very user friendly :)
 
Yes and not very order friendly they don't have bracket orders (specify TP and SL) unless you use their logic programming ADL platform to create them whilst QTrader is very user friendly :)

I always just used the DOM to place my bracket orders, although it was mostly a protective stop away from the noise. At the moment I'm quite happy to use the Jigsaw DOM to execute trades. Its extremely user friendly. Once i move to Australia and swap brokers I'll have more motivation to switch platforms too.

Good to hear your enjoying the currency futures, they're much better to trade than the spot for me, as i can use volume tools more effectively.

CanOz
 
Good to hear your enjoying the currency futures, they're much better to trade than the spot for me, as i can use volume tools more effectively.

CanOz

Always wondered about this, I take it spot is king and currency futs follow spot? So there wouldn't be much to read into the volume would there? I guess there's arb algo's pushing it around to match spot?
 
Always wondered about this, I take it spot is king and currency futs follow spot? So there wouldn't be much to read into the volume would there? I guess there's arb algo's pushing it around to match spot?

Yeah they're arbed up pretty even now. I rarely see any differences so the bots must be hard at work.
 
Good to hear your enjoying the currency futures, they're much better to trade than the spot for me, as i can use volume tools more effectively.

CanOz

Thanks mate still trying to figure out how I can use Volume in my discretionary strategy as I've had no experience with Volume trading Spot FX so something new to learn. Currently keeping an eye on volume divergences but open to any links or advice on how to fully utilise volume :)
 
Thanks mate still trying to figure out how I can use Volume in my discretionary strategy as I've had no experience with Volume trading Spot FX so something new to learn. Currently keeping an eye on volume divergences but open to any links or advice on how to fully utilise volume :)

I like volume profiles for finding opportunities in any market. Its simple and easy to understand and you can see the market react at key levels.:2twocents
 
Thanks I'll check it out!

An example how to use volume profiles in FX Futures. Use the Composite profile and the current Range profile to determine areas where price could get rejected and return to 'value'. Value being the area where the most volume has occurred recently. If the market is at your pre-determined levels, then you go to a shorter time frame chart, DOM, volume impressions, to determine any buy/sell deltas. If the buyers can overwhelm the sellers at a buy level, then you take your position.

Happy to discuss.

CanOz
 

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Happy to discuss.

CanOz

Re FX specifically, do you ever find that the levels should look like they work but end up failing because the volume didn't show up in CME FX futs but in a different market (e.g. interbank OTC)?

Although, I guess this q would apply equally for all futures where the underlying is another financial asset, but less so for stuff like wheat or similar.
 
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