The transition to Futures trading

[boofis]

FWIW I'm still using the September contract (as I assume you are to) which is 'U'. It confuses me you keep referring to it as "Z" but I'm sure there's another reason for that.

Minor technical difficulties aside,

Not sure what to expect today, Equities markets well bid on the back of the china pmi + Syria 'no bombing for now' talk and I can see the FTSE fut's up 50 or so points since sat mornings close. Probably expecting it push up a little more on the open and then settled down. labor day in the USA tonight so I can't imagine things would get too crazy.

Gotta react not predict though!

Z is the FTSE contract code when using IB, so that might be why?

 

[kid hustlr]

Z is the FTSE contract code when using IB, so that might be why?

ta mate that would be it id say!

 

[tech/a]

Z is the FTSE contract code when using IB, so that might be why?

Its the FTSE futures code from E Signal
That's the data supplier for Trade guider and what I use.
It is also the code for IB.

Yes it is confusing with the month codes.

You can anticipate rather than predict.
And better when you get it right than reacting.
Reacting is way too slow but most of us cant help ourselves.

 

[Boggo]

Different data suppliers use different codes and most software is pre-coded for various data feeds.
In the pic below on the left are the various codes just for the FTSE.

 

[tech/a]

Different data suppliers use different codes and most software is pre-coded for various data feeds.
In the pic below on the left are the various codes just for the FTSE.

WHats the software BOGGO ?
The screen shot

 

[Boggo]

WHats the software BOGGO ?
The screen shot

MTPredictor. The pic is the standalone version which is pre-configured for all the data suppliers shown.
The Ninjatrader version works with any of the additional data suppliers that Ninjatrader uses.

 

[tech/a]

Thanks BOGGO

I'm set for tonight!
Short 07

 

[Boggo]

Short 07

This will be interesting

- - - Updated - - -

This will be interesting

Don't fight the Blue

 

[peter2]

Current resistance level (FTSE) looks very interesting on the chart.

US Labor Day holiday (tonight) will dampen any moves. There is always the chance that a politician somewhere will open their mouth and say something that might cause the index to move.

 

[tech/a]

Sweet spike
added another at 20--short

 

[Caveroute]

ok, long at 13 lets see how it unfolds.

 

[tech/a]

ok, long at 13 lets see how it unfolds.

Yes going up easily on low volume
On the short side Id like to see higher volume spikes with long selling tails.
Not looking good at the mo.
Ill hang in there---expect this high to be tested
How its tested will determine my stance.

 

[Boggo]

ok, long at 13 lets see how it unfolds.

One possibility ???

 

[Caveroute]

Yes, 6524/6 as a first target - if it has the legs ??

A 2nd leg that is ...............

 

[tech/a]

DAX Bolted!

 

[Caveroute]

Yes, 6524/6 as a first target - if it has the legs ??

A 2nd leg that is ...............

Out for 6419

 

[Boggo]

Target area hit...

 

[Boggo]

Next target if support gives way ??

 

[Boggo]

Close enough for tonight.

 

[kid hustlr]

tech you averaging little duck. good to see both are now in the $$$.

Shame about those big buy orders into the close or you would be sitting pretty.

Regardless this appears to be a long term play and you have set yourself up well.

Might be calling you Scrooge mcduck soon!

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Have an inquiry which I'm typing up now.