Australian (ASX) Stock Market Forum

Trading FTSE and other European Indexes

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pavilion103

pavilion103

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I'm curious as to who trades these.

With the attractive hours that the markets are open I'd assume many people would trade these?

Can I please get people's thoughts? Which are the best Indexes to trade? and more specifically do many people trade the FTSE?

What else do people trade in the evenings?

Also what are the standard costs per trade for these?
 
pavilion103 said:
I'm curious as to who trades these.

With the attractive hours that the markets are open I'd assume many people would trade these?

Can I please get people's thoughts? Which are the best Indexes to trade? and more specifically do many people trade the FTSE?

What else do people trade in the evenings?

Also what are the standard costs per trade for these?
Click to expand...

Yes, a lot of people trade the European indices but maybe not a lot of Aussies do.
The popular ones are the FTSE, DAX and FESX (or DJ EuroSTOXX 50).
DAX is a big contract while the FESX is like the emini version of DAX and its the most liquid.
You can trade FTSE or FESX. These two usually move in-sync. But when SP mini (ES) opens, they usually march to the beat of ES
I occasionally trade the FTSE before the ES opens.

Hope this will help...good luck ;)
 
I've been trading the FTSE and the DAX (via OTC products) this year. The volatility of the DAX these past few months (!@#$ Euro uncertainty) has proven problematic to my preferred trading method, so my intention is to only trade the FTSE during the coming year.

As far as major sharemarket indices are concerned, the behaviour of the FTSE appears to be better suited to my preferred trading style/method. Hence my preference for trading this index.
 
Thanks for the replies guys,

I know it's too much to ask but would love an all inclusive thread discussion the international markets and even futures with the market open hours and rough costs and advantages of each.

It is just so confusing for a new trader like me. I'll need to do A LOT of reading up now.

A lot of it is still jargon to me and I have no idea what to get into beyond stocks!!! I guess an understanding will come with time and research.
 
I just subscribed to the Futures data last night on IB.

I'm curious as to how many contracts at a time people on here trade? 1 is enough for me at the moment while I get used to it.
 
pavilion103 said:
Is that not a good thing?

I'm thinking it will help me understand price action.
Click to expand...

It will help you understand negative expectancy. After all you have done learning how can you go live after 10 afternoons looking at a totally new market. You have no idea what to expect.

I'm stunned!
 
Trembling Hand said:
It will help you understand negative expectancy. After all you have done learning how can you go live after 10 afternoons looking at a totally new market. You have no idea what to expect.

I'm stunned!
Click to expand...


I'm going to commence trading Aussie equities in a couple of weeks. I'm achieving some great results on the sim.


Do different markets behave completely differently? I was thinking that VSA would be applicable across the board? Maybe I am getting carried away after I made some good profit on the sim last night trading the FTSE futures.
 
Trembling Hand said:
Surely you'd have this all sorted by now? i mean you are about to start risking money? :(
Click to expand...

I'm asking questions out of curiosity to see how others trade. Is it impossible to have a discussion on this forum?

I'm sick of some of the crap on this site. I'm not a first time poster asking how to make a million dollars in one day. But rather someone who has diligently studied trading for a couple of years. I admitted that I don't know much about the futures markets, so I ask questions to see how others like to go about it. Of course I have my own idea on how I'd like to approach it. Obviously I'm interested to see how others do also.

Trembling Hand, you are one of my favorite posters on here and I have gained great value from many of your insights. However, some of your responses to me on here are not worthy of the poster that you are.

I mentioned the other day I was going to try trading it. Thankfully you told me the FTSE futures is different to Aussie equities, so I'll spend some more time learning it. I've been nothing but humble and teachable. The last 3 nights I've made $165, $60 and $100 in an hour or so on the IB simulator. Instead of getting carried away and saying that I'm going to make thousands next week, I take your advice on board and will be more cautious and study the market before entering.

All I want to do is learn and one day be a great trader. I don't care when that is. I've waited 2 years before even placing a single trade. I am in this for the long haul.
 
Mate prop traders spend 2-3 months simming trying EVERYTHING on futs 8 hours a day no matter how much stock trading they have done. When they have a few months profitable on sim they go live AFTER they have devolved their own method from patterns that make sense to them.

That would be a good way to start. From my observations those that are looking for confirmation from other about how they should trade are about to waste 2-3 years following other peoples tails.

Put up the following on your screens,

1 min, 5 min, 15 min, of the Z.

5 Min of DAX, ES, EUR and what ever else makes sense. Then just man up and trade what makes sense to you.

Don't ask a forum of 95% lossers about how you should follow them. Thats always been my thinking. For good sake but the $ figure out of your simming.

That just my not so humble opinion.

Carry on.

:)
 
PAV
With index futs start with support and resistance.
Look for fading very high volume and wide range bars for short
Timeframe counter trend trades.

Timing and decisive trading a must.
 
pavilion103 said:
I just subscribed to the Futures data last night on IB.

I'm curious as to how many contracts at a time people on here trade? 1 is enough for me at the moment while I get used to it.
Click to expand...

if a reply isnt out of the diplomatic corp it's because time is precious and in the game youre entering there's no wriggle room except the one you anticipate.....so, curt replies are to the point

......from the questions you ask need to sit with someone who can take you through trade set-ups.....pedestrian questions like how many contracts another trader trades is like boyscout v marine.....

you need a lot of screen time...dedicated hours and if youre in a rush you def need someone to sit with you....
 
Pav, I think what everyone's getting at is if you spend the time at the screens you won't have questions, only lots of answers. We all trade trade differently and you need to answe your own questions as you develop your own system. You will start to see yourself if you need multiple time frames or not. If it works for you and helps you pull the trigger then go with it.

I spent a year on sim because I kept changing and went through the beginners cycle all over again. Like you say, you've put in the hours learning to read a chart. Now your entering a smaller time frame, so give yourself the time to adjust and then you'll see patterns....repetitive behavior, not triangles or wedges but things that happen and repeat.

I think you'll see it, you'll have that light bulb moment. Just give yourself the screen time you need to see the auction happen live.

CanOz

As an example of a pattern check this out....http://http://propextraining.com/?page_id=1754
 

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