The transition to Futures trading

[skyQuake]

Only a 40pt range so far... Gotta be one more move lower right

 

[CanOz]

Only a 40pt range so far... Gotta be one more move lower right

Do our participants know the average daily range on the FTSE?

 

[CanOz]

Should be an interesting day on the DAX, been in a bracket for the last 3 or 4 sessions....Maybe we'll stay that way until NFP

 

[tech/a]

I'm looking for Short on FTSE tonight.

But I could be biased!

 

[pavilion103]

Not sure if I'll get the chance tonight but it looks like its mushrooming over a bit.

I've got a question for you guys. Is it only daylight savings that the FTSE opening time (Aussie time) changes?

5pm Sydney time now
6pm Sydney time then?

 

[tech/a]

Haven't looked at it in detail but their start and finish times are very close to ours
IE they finish when we start.

http://www.timeanddate.com/worldclock/clockchange.html?n=136&year=2013

 

[kid hustlr]

Yeah I think that's correct pav

 

[kid hustlr]

Do our participants know the average daily range on the FTSE?

I should know this. Will research in time.

Should be an interesting day on the DAX, been in a bracket for the last 3 or 4 sessions....Maybe we'll stay that way until NFP

German U/E tonight (in an hour actually) so that might shake things up a bit. Also got the FOMC release @ 4am tomorrow morning then NFP Friday so theres plenty of things to cause a shakeout!

I'm looking for Short on FTSE tonight.

But I could be biased!

Keeping a close eye around that 6495 area if we get there on the down side. Upside I'm interested to see how we react around 6535 level.

Will this german U/E shake up the FTSE? I'm guessing it may.

 

[skyQuake]

Not sure if I'll get the chance tonight but it looks like its mushrooming over a bit.

I've got a question for you guys. Is it only daylight savings that the FTSE opening time (Aussie time) changes?

5pm Sydney time now
6pm Sydney time then?

Aus first on the 6th Oct - 6pm Open
then UK on the 27th Oct - 7pm open
then US on the 3rd Nov - US Econ data now comes out 12:30am and US mkt opens at 1:30am

 

[Trembling Hand]

I'm looking for Short on FTSE tonight.

But I could be biased!

that was your moment.

 

[CanOz]

Wow, a little whippy on the open

 

[pavilion103]

Aus first on the 6th Oct - 6pm Open
then UK on the 27th Oct - 7pm open
then US on the 3rd Nov - US Econ data now comes out 12:30am and US mkt opens at 1:30am

Thanks guys. Prefer those later hours.Will be good.

 

[kid hustlr]

Upside I'm interested to see how we react around 6535 level.

Got my answer

:hammer:

 

[CanOz]

Can we really expect a big move ahead of the US GDP numbers?

 

[kid hustlr]

Long 6114.5, stop to b/e

 

[kid hustlr]

Long 6114.5, stop to b/e

Embarrassed myself here and was way too quick to take profits. truth be told I liked my entry but after that I had no real feel/idea what I was doing in the trade!

 

[pavilion103]

A BE stop would have left us in that last one kid

 

[kid hustlr]

A BE stop would have left us in that last one kid

This is brutal now!

 

[pavilion103]

We are learning. Better our mistakes reaping a just over BE trade than costing big losses.

We can both see it was stupid. The more mistakes we make the less we repeat them.

Should have been up 40 points. Finished up 3 points. As we've seen there are good opportunities every night. This is one of thousands we will see! Gotta put it into perspective. But yeh, that extra $700 would have been nice

 

[pavilion103]

We can already see that we are going to make many many thousands of dollars on the FTSE.