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Trading the XJO with CFDs

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Re: Trading the XJO with CFD's

I've always found closing my positions in an inactive market the best strategy - there's always the SP500 and FTSE100 indices that should be a liquid proxy for your event driven positions.
 
Re: Trading the XJO with CFD's

Ageo said:
Wysiwyg if you dont mind answering the question i asked just so we can evaluate your position. Not knocking it mate just having an indepth look and perhaps helping out other newbie CFD traders...
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Yeah no problemo Ageo.Just arrived home from work to see my 4 mini ($5AUD) positions (so $20/point) which are showing 100 + points at the moment.Session closed until 4.10 pm so will monitor movement from home now.Just bloomin happy it was up today.:cool:

p.s. scalping sux :D
 
Re: Trading the XJO with CFD's

Wysiwyg said:
Yeah no problemo Ageo.Just arrived home from work to see my 4 mini ($5AUD) positions (so $20/point) which are showing 100 + points at the moment.Session closed until 4.10 pm so will monitor movement from home now.Just bloomin happy it was up today.:cool:

p.s. scalping sux :D
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One word.

Arsey.
 
Re: Trading the XJO with CFD's

Wysiwyg said:
Yeah no problemo Ageo.Just arrived home from work to see my 4 mini ($5AUD) positions (so $20/point) which are showing 100 + points at the moment.Session closed until 4.10 pm so will monitor movement from home now.Just bloomin happy it was up today.:cool:

p.s. scalping sux :D
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lol so you scalped back $2000? but im not sure on where you bought in but glad you closed the position. What im trying to say is thow is that if you lost 500 points because the market tanked (and you had no protection) your losses could add up quickly. Imagine you held a position and it tanked over 1000 points? 2000 points? if your going to gamble like that your better off at the casino with better odds ;)
 
Re: Trading the XJO with CFD's

Ageo said:
lol so you scalped back $2000? but im not sure on where you bought in but glad you closed the position. ;)
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Still holding all 4 Ageo.In at 4050, might sell 2.I`ll wait and see how everyone feels.

Thanks for your interest.You should put up some of your trades.
 
Re: Trading the XJO with CFD's

Wysiwyg said:
Still holding all 4 Ageo.In at 4050, might sell 2.I`ll wait and see how everyone feels.

Thanks for your interest.You should put up some of your trades.
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I havent got any (although im looking at some medium term option trades), my main focus atm is trading physical gold (which is my business). Just giving you a heads up on the risks, hopefully you come out alive and happy :D
 
Re: Trading the XJO with CFD's

Uncle Festivus said:
How about a trailing stop? Let the profit ride.
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Well 2/4 have gone for 223 points gain and the other 2 have a stop level at 4100 (50 above entry) and a limit level of 4780 so the market action can decide their fate.This is tiring work but rewarding when it all falls into place.

:goodnight
 
Re: Trading the XJO with CFD's

Wysiwyg said:
Well 2/4 have gone for 223 points gain and the other 2 have a stop level at 4100 (50 above entry) and a limit level of 4780 so the market action can decide their fate.This is tiring work but rewarding when it all falls into place.

:goodnight
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hehe i see your pushing the limits with this trade, just lock those profits in mate. Nice work on the recovery ;)
 
Re: Trading the XJO with CFD's

FYI

Nice little clause from the CMC T&C’s

3.19 Clients may be treated differently

CMC Markets in its absolute discretion may quote different prices, and charge Commission, Financing Charges, Rollover Charges and other charges at different rates, to different clients.


outrageous isn't it!:eek:
 
4 years between posts.....oi!

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https://twitter.com/joulesmm1/status/281225291551100928/photo/1

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https://twitter.com/joulesmm1/status/281248162444869632/photo/1
 
10.24 the major clue came for the swing....the bid was clearly being hit hard especially in the lowest time frames.....

not able to interpret this action ? my suggestion is dont trade cfd's
 
Joules MM1 said:
10.24 the major clue came for the swing....the bid was clearly being hit hard especially in the lowest time frames.....

not able to interpret this action ? my suggestion is dont trade cfd's
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Nice thread. I've made a few semi-successful attempts to trade the ASX-200 using SPI Futures contracts trading through IB.

Re. your comment above, do you mean at 10.24am you were witnessing the bid being hit hard? So if the bid's being hit hard, that's a bearish signal as the sellers are keen to take what they can get rather than hold out?

Who do you trade the ASX200 CFDs through? Are they market made or OTC? What does the data on their charts and market depth show? e.g. is it showing only the market depth and trades of their CFDs or is it data from SPI futures or another underlying? I'm not interrogating, just curious :)
 
RazzaDazzla said:
Nice thread. I've made a few semi-successful attempts to trade the ASX-200 using SPI Futures contracts trading through IB.

Re. your comment above, do you mean at 10.24am you were witnessing the bid being hit hard? So if the bid's being hit hard, that's a bearish signal as the sellers are keen to take what they can get rather than hold out?

Who do you trade the ASX200 CFDs through? Are they market made or OTC? What does the data on their charts and market depth show? e.g. is it showing only the market depth and trades of their CFDs or is it data from SPI futures or another underlying? I'm not interrogating, just curious :)
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the character of business changes not how i would expect....even tho we see more days with longer tails meaning i think we have a new sets of sellers thinking we're too high, but, that maybe just that theyre transacting on a rear-view mirror basis....so if the bid suddenly starts to pop the way it did mid morning and the cfd was already knocked down (repriced) into the open and cash could not make the overnight, that tells me we have some genuine distribution at this daily level......so the extreme safety is to sell that high because even on a simple odds basis the risk is with the short sell and against the holding the bid.......but the inverse ratio also tells me that the construct of the major players is to be long at least in todays play....that might change overnight.....

the cfd provider is one of the usual suspects....

i closed at 3.30.....the time of day is important to me for this instrument.....likely the xjo cfd will take a spike down as the US overnights play havoc with shorters like they did this morning... a nice 12 point swing on the SPX pre cash would have cut a lot of newbie fingers......oh, how i remember 2003/2004......lulz
 
man this thread is trip down memory lane. back in the early days of when i started trading... god i had some whacked out looking charts.
 
Uncle Festivus said:
Joules,

What software are you using?

Might be better suited to the Gold Daytraders thread??

https://www.aussiestockforums.com/forums/showthread.php?t=12971&highlight=Gold+Daytraders

UF
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yes

i was posting on the run this morning, live trades while doing a study at the same time, my remiss

if Joe wants to move the post(s)

most of the work is on the gold 2012 thread at trade2win ....it's a worthwhile study as it's one of those rare times when all the parts of the play were apparent and flowed nicely......nice cheese for me anyways :D
 

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