The transition to Futures trading

[Lone Wolf]

Thanks
Guys

What does Multicharts use as a language?

That's fee as well isn't it?

There are two versions of multicharts, the standard version and the .NET version.

The .NET version is what you want, it uses C#. Standard version uses its own language.

There is a free version and a paid version. The free version is fully functional, but limited to two symbols at a time.

 

[Caveroute]

Here is a perfect example of jumping over a price level.
Re the latest discussion on stops.

Jumped straight through it.
Back filled now but it DOES happen.

View attachment 53945

I submitted a market order, via a work in progress ninja strategy, to short the SPI on the open this morning, the order was submitted but never got filled ?

I always thought market orders were guaranteed to be filled, but the price was open to question.

Here nothing, as I watched as it drop like a stone.

I'm not sure if this is a case in point or not but I'm currently investigating.

 

[CanOz]

I submitted a market order, via a work in progress ninja strategy, to short the SPI on the open this morning, the order was submitted but never got filled ?

I always thought market orders were guaranteed to be filled, but the price was open to question.

Here nothing, as I watched as it drop like a stone.

I'm not sure if this is a case in point or not but I'm currently investigating.

What broker and what type of order? MOO?

 

[Caveroute]

What broker and what type of order? MOO?

N7/CQG/Amp.

Its a regular market order submitted on the close of the first 3 tick bar on the open of the SPI RTH.

 

[Trembling Hand]

N7/CQG/Amp.

Its a regular market order submitted on the close of the first 3 tick bar on the open of the SPI RTH.

What did it say in the log of NT and AMP?

 

[Caveroute]

What did it say in the log of NT and AMP?

22/08/2013 9:50 AM Order Order='1320725846/86980!AMP!ac86980' Name='short entry SPI' New state=Working Instrument='SPI 09-13' Action=SellShort Limit price=5026 Stop price=0 Quantity=1 Type=Market Filled=0 Fill price=0 Error=NoError Native error=''
22/08/2013 9:50 AM Order Order='1320725846/86980!AMP!ac86980' Name='short entry SPI' New state=Working Instrument='SPI 09-13' Action=SellShort Limit price=0 Stop price=0 Quantity=1 Type=Market Filled=0 Fill price=0 Error=NoError Native error=''
22/08/2013 9:50 AM Order Order='1320725846/86980!AMP!ac86980' Name='short entry SPI' New state=Accepted Instrument='SPI 09-13' Action=SellShort Limit price=0 Stop price=0 Quantity=1 Type=Market Filled=0 Fill price=0 Error=NoError Native error=''

I've sent the logs and trace files of to the support guys to see what they have to say.

I don't know where that limit price of 5026 came from in the uppermost [most recent] entry, in fact I'm not sure why SellShortLimit price even appears .............

 

[kid hustlr]

Could this be one for the ages in the US treasuries market?

View attachment 53956

So this has broken through. I didn't take this trade because I'm away for the next few days and realistically to trade a longer term position I'd have to have my stop much wider than I would feel comfortable doing. Could be a big opportunity for a position trade!!!

To the futures traders out there, do you find that the big breaks are more likely to happen in after hours trading or regular? Just wonder if after hours trading its more likely as there's less volume and perhaps some stops get triggered?

FINALLY

TH

I owe you a beer.

Didn't size up on it as it's not my usual style BUT this was a corker.



EDIT: it's actually run slightly further now, incredible turn around though

 

[payday]

To the futures traders out there, do you find that the big breaks are more likely to happen in after hours trading or regular? Just wonder if after hours trading its more likely as there's less volume and perhaps some stops get triggered?

Sometimes. I think it was last year if memory serves me correctly that the ES and NQ were making big moves in the US overnight timeframe ( regular trading hours for us) and was virtually flat during the US hours. The last couple of months has seen big moves during US trading hours and small movements during our time. I find you just have to be prepared either way.

 

[pavilion103]

One thing that I've noticed with the FTSE is that when it opens 5:00pm Sydney time, it often shoots up in one direction very quickly, whether it be 10, 15 or 20 points.

Am I missing something, or would it make sense to put a very tight entry in of a few ticks/points on entry.
1. If it goes against you, you lose nothing
2. If it hits and then goes against you, you lose a few points
3. If it goes in your favor, you move your stop to BE within 30 seconds and either take this profit or let it run


What am I missing?

 

[CanOz]

Shorts running for cover now...Did i mention the market was too short yesterday?

 

[CanOz]

Quiet in here, is everyone trading thru this news?

 

[kid hustlr]

Quiet in here, is everyone trading thru this news?

I'm just jumping on now, need a little break from looking at the screen I think I'm going insane.

 

[Trembling Hand]

need a little break from looking at the screen I think I'm going insane.

Don't fight it. let the insanity come. :vader:

 

[tech/a]

Short Order in at 52

 

[pavilion103]

Big wedge/triangle

 

[tech/a]

Cancelled
Boring tonight!

 

[cynic]

Cancelled
Boring tonight!

That's good! I like boring!

Boring is sssoooooo much easier to trade!

 

[Caveroute]

N7/CQG/Amp.

Its a regular market order submitted on the close of the first 3 tick bar on the open of the SPI RTH.

ok, I know you all on the edge of your seats waiting to hear on this one.

The SFE will not accept 'Market Orders' per se, see details below on supported execution types.

The FTSE - had to change the TIF from Gtc to 'Day'.

All good now.



2.2.1 Execution Order Types
1 = Limit (LIM) – LIM is a single session order (expires after one session). During Open phase, bid prices cannot be entered above the best ask price and vice versa. Backwardation is possible during the Pre-Open/Price Discovery phase where an open price is being determined.
2 = Timed Order (TIM) – TIM is a LIM order which expires at a designated expiry time or by the Close of the contract.
3 = Fill or Kill (FOK) – FOK is a LIM order with a life of twenty seconds. Partial fill of a FOK order is possible with any remaining quantity cancelled at expiry
8 = Good Till Cancel (GTC) - GTC is a multi-session LIM order which expires with contract expiry.
10 = Market Limit Order (MLM) – MLM is a single session order that allows order entry up to the allowed Market Depth of each contract (see Appendix 3.1). MLM is not valid during the Pre-opening phase and inter-spread contracts.

 

[Trembling Hand]

ok, I know you all on the edge of your seats waiting to hear on this one.

The SFE will not accept 'Market Orders' per se, see details below on supported execution types.

Yeah there is actually lots of exchanges that will not accept real market orders that is why sometimes you can have stops blow and not get an execution. The broker is actually sending Limit orders with a large offset.

 

[CanOz]

From TTN:

14:47(EU) **Note: Eurex futures have encountered a technical glitch; they are investigating the situation- UPDATE- More info: http://www.eurexchange.com/exchange-en/trading/production-newsboard/610812/ - Source TradeTheNews.com