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The transition to Futures trading

Discussion in 'Derivatives' started by pavilion103, Mar 26, 2013.

sentifi.com

Aussie Stock Forum Sentifi Top themes and market attention on:

  1. >Apocalypto<

    >Apocalypto< 20.03.2012

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    was close to a trade on GLD but i passed...

    too much support this area and it's in a solid range on a few levels..
     

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  2. LinRegSlope

    LinRegSlope

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    3 points, ouch. Hey Cynic, just part of the joy of trading, know the feeling all too well!
     
  3. >Apocalypto<

    >Apocalypto< 20.03.2012

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    golds off.... now going to wait for a rally to sell.
     
  4. LinRegSlope

    LinRegSlope

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    16 point spread? width of a rather large cruise ship?
     
  5. pavilion103

    pavilion103

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    2 more contracts short.

    6821, 6830.5

    Below and above upthrust on 5 min chart.

    1 intra day trade
    1 addition to the position trade from Thursday
     
  6. >Apocalypto<

    >Apocalypto< 20.03.2012

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    16 cents man... with a .7 com inand out. norm is a 50-30 cent spread...
     
  7. beachlife

    beachlife

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    The S&P swing chart has swung up (so has DOW - not shown) so will be interesting to see if it continues up and the others follow, or if it swings down tonight and takes the rest of the world with it.

    index.jpg
     
  8. pavilion103

    pavilion103

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    Took the intra day trade off for 20 points at 6799.5
     
  9. pavilion103

    pavilion103

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    Would have loved the stop and entry near the high of the day but you'd think now that if this is going to push lower it won't touch 6821 anyway. It might. But a push back that high is showing some strength.

    Plan is to hold these two now.

    Some action the last few nights :D
     
  10. barney

    barney

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    After much searching to find a definitive edge, I am inclined to agree with all you gentlemen. I haven't given up on it yet, but I find it increasingly frustrating:mad::)


    That is very funny Cynic ..... Not the video .... what you said!! lol ..... (The video was funny too though)
     
  11. pavilion103

    pavilion103

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    Trailing his second contract like a normal runner. If it moves significantly down then I'll consider what I'll do beyond today. I've got a plan.

    Trailing 6805.5 for now with 35 points locked in for the day plus my first one which has moved 44 today.

    Interesting point now.
    Big consolidation.
    A break up would be similar to the last few days.
    A break down could see a decent move.
     
  12. Caveroute

    Caveroute

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    Curious, 6821 I can understand, but 6830 on the 5 minute ?

    What was the logic there ?

    Great entries though.
     
  13. pavilion103

    pavilion103

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    Nah 6830 was the stop.
    Both entries at 6821.
     
  14. LinRegSlope

    LinRegSlope

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    Almost 24 hrs later, let's see if it holds this time?
     
  15. MichaelD

    MichaelD Not fooled by randomness

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    Indeed this will be interesting.

    IG Clients have finally given up buying the downtrends and started selling into them.

    The contrarian in me suggests the market should now rise to cause them maximum pain.

    Addit: Actually, on further reflection - I now think these "early Sell adopters" will do OK, but when the Sell % reaches an extreme...that'll be the point of maximum pain for all the buyers who will have toxic long positions and who will then swap them for toxic short positions.
     

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  16. CanOz

    CanOz Home runs feel good, but base hits pay bills!

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    From your posts on the sentiment indicator it seems obviously that the change is as important/more important than the current reading. So is there a way that you can track the change in the context of the markets short term trend? Or is this sort of a wet finger in the air kinda thingy?

    Fascinating either way, enjoy the sentiment indicator posts.:xyxthumbs
     
  17. pavilion103

    pavilion103

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    Closed out 55 profit last night.

    The position trade up around 90 points.

    Kicking myself hat I closed be second one Thursday night :O
     
  18. LinRegSlope

    LinRegSlope

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    The sentiment does appear to be switching to the downside? Next support level is at 5335, so no surprise to see a slow grind down.
     
  19. MichaelD

    MichaelD Not fooled by randomness

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    Very much a wet finger in the air thingy at the moment. There isn't a chart of the historical values.

    Has no bearing on the way I trade (yet). Just occasionally makes me feel a little bit better when I'm contrarian.
     
  20. CanOz

    CanOz Home runs feel good, but base hits pay bills!

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    My interest in it Michael comes from an FX trader in the UK that uses it to identify the context with which to look for areas where traders will exit positions, stop runs. Basically this guy waits until the reading gets to uncharacteristically high or low levels, then looks for the levels in the market where they could have stops. Typically he says, he's looking for areas that larger traders, can push the market to in order to unload or load up.

    Anyway, that may or may not be of interest to you, but that's where i got my interest in the indicator from.

    I think it would be interesting to plot the indicator against the index every hour or so in order to visualize the changes as they happen in context with the index.

    Thanks for posting it anyway.
     
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