The transition to Futures trading

[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.

Well, the level either attracts participants or it doesn't. Auction market theory should work in interbank as well, but the data is unavailable.

I haven't actively traded FX futures using volume profile though. Lets see this week, i can post some activity and see how well the market responds to these levels.

 

[CanOz]

Just on the Yen, when I look to trade any market i like to look at the longer time frame for some technical context. The channel that the 6J is trading in now is that second sort of 'grind' down thats typical after a quick impulsive move. Its grinds as shorts take profits and new shorts initiate. I'm sure those that use only a DOM know what this looks like. It can prvide some dramtic short covering rallies intra-day.

So, just be clear, we will be looking for trend and counter trend opportunities. All of my trades will be taken as the market attempts to trade back to 'value'.

CanOz

 

[Modest]

Thanks I have been researching volume analysis in the Futures market but haven't used volume alone to enter the market if that makes sense...I am watching volume more now days.

Two trades today (still on demo)

First trade got out for +1 tick

The 2nd trade brought home the bacon though!

 

[Modest]

FYI to those using AMP as a broker

NFA Lawsuit against AMP

http://www.nfa.futures.org/basicnet/Case.aspx?entityid=0412490&case=15BCC00024&contrib=NFA

 

[Modest]

FYI to those using AMP as a broker

NFA Lawsuit against AMP

http://www.nfa.futures.org/basicnet/Case.aspx?entityid=0412490&case=15BCC00024&contrib=NFA

They responded: http://www.elitetrader.com/et/index.php?threads/nfa-lawsuit-against-amp.293142/page-2

I respect their candour and I have opened a Futures account with them.

 

[CanOz]

There guys are one of the UK biggest Prop Shops. There are some good videos on execution using the DOM, as well as how they use volume and market profile to map the market structure.

FutexLive

 

[Modest]

There guys are one of the UK biggest Prop Shops. There are some good videos on execution using the DOM, as well as how they use volume and market profile to map the market structure.

FutexLive

Awesome, thanks for sharing!

 

[baby_swallow]

S&P 500 emini futures (ES)
I stumbled upon this website and I found it very informative.
Not only talks about the ES definition but also the background,
stats, market participants (VERY interesting), and why people trade
this market....

http://emini-watch.com/emini-trading/emini-futures/

 

[Modest]

Is anyone in touch with Pav? I think of him from time to time and wonder how he is doing.

 

[kid hustlr]

Is anyone in touch with Pav? I think of him from time to time and wonder how he is doing.

He's going well mate - he's taken a step back from trading but he's in a good place.

 

[Modest]

Okay good to hear!

 

[Jasonm2310]

Anyone active in the futures markets atm?

 

[darkhorse70]

What happened to pav?

Is he trading anymore?

 

[captain black]

Anyone active in the futures markets atm?

Yeh, trading the Kospi and SPI during the Asian session and the FESX in the evening.

 

[CanOz]

Yeh, trading the Kospi and SPI during the Asian session and the FESX in the evening.

Dax mostly, occasionally FESX or 6A

 

[darkhorse70]

Woops, never mind.

 

[Jasonm2310]

Dax mostly, occasionally FESX or 6A

Nice! I've been steering clear from the quicker markets and been playing with the Aussie 10 year and U.S. T- notes, Au bank bills and US Eurodollars. Totally different feel from the currencies that could blow you out of the water in a blink of an eye..

 

[Jasonm2310]

Loving these Bonds!

 

[Kryzz]

I'm hoping to dip my toe into the water with futures in the not to distant future, before I do though does this thoug, I prepared a brief summary of the markets I hope to be keeping an eye on. Does this look somewhat accurate?

Could anyone comment on the mini dax in terms of liquidity, I read it's now up to about 5% of the full size contract and the spread averages 1-2 ticks?

 

[RowanC]

I'm hoping to dip my toe into the water with futures in the not to distant future, before I do though does this thoug, I prepared a brief summary of the markets I hope to be keeping an eye on. Does this look somewhat accurate?

Could anyone comment on the mini dax in terms of liquidity, I read it's now up to about 5% of the full size contract and the spread averages 1-2 ticks?

These are some pretty wild markets you have here Kryzz.

The ES is 12.5 a tick.

I found the emini dax to be one of the wildest markets to trade. It's liquid (volume wise) but at the same time it's quite thin in terms of the orderbook, so that would also be something to consider depending on the type of strategy you intend to implement and the timeframe.