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The transition to Futures trading

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

  1. MichaelD

    MichaelD Not fooled by randomness

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    Shaping up to be another "maximum pain for maximum participants" day.

    Stop run on the open to hurt the remaining bottom pickers.
    Then a big, quick reversal to go back over previous support to hurt the shorters.

    Once again, several quick in-outs with very small size is the only way to safely play.
     

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  2. TheUnknown

    TheUnknown

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    Asxsp200

    Long entry from 5,435.00 waiting
     
  3. LinRegSlope

    LinRegSlope

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    I take it that this is a CFD product?
     
  4. LinRegSlope

    LinRegSlope

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    Interesting to see on the 30 min SPI chart the number of lower highs, lower lows forming.
     
  5. pavilion103

    pavilion103

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    With various participants in this thread, I am now considering opening a futures thread specific to the FTSE.

    This current thread is a huge success and I love what is going on here. Given the level of popularity posting about the FTSE has become just one of a number of futures markets.

    Those interested in the new thread if I open it can post specifically about the FTSE.
     
  6. TheUnknown

    TheUnknown

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    Yes
     
  7. MichaelD

    MichaelD Not fooled by randomness

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    Somewhat ironic, no?

    You got what you asked for, but it wasn't what you wanted. :p:

    Personally, I really enjoy the various markets being discussed here in the one place. There are far more similarities than differences. It would be a pity to separate off the FTSE arbitrarily in my opinion.
     
  8. pavilion103

    pavilion103

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    As I stated Michael, I am delighted with the interest in this thread in recent weeks. I thought it was almost coming to the end of it's life before.

    I just feel that there is room for more specific FTSE analysis in another thread now, as well as continuing the general futures markets discussion in here.
     
  9. beachlife

    beachlife

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    This thread is about your transition to futures trading, so seeing other people approaches, regardless of market and instrument type would give you plenty of perspectives to consider, unless you consider your transition to be complete then yes start a thread dedicated to your preferred instrument, otherwise the more opinions the better. It depends on what you want out of it.
     
  10. pavilion103

    pavilion103

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    Well there are two distinct purposes.

    1. To share and discuss ideas (this thread)

    2. To discuss and analyse specific price action relevant to the FTSE (setups etc).
     
  11. LinRegSlope

    LinRegSlope

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    touché
     
  12. CanOz

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

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    Well i'm just about to the end of my tether anyhow...my 20mb connection expired today so my trading PC is on the 10mb wifi now...:eek:

    Good for practice, if NT lets me load everything...Really hit home today that I'm pretty much done for a while.

    Been a great thread Pav:xyxthumbs
     
  13. MichaelD

    MichaelD Not fooled by randomness

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    Really interesting end to the Aussie 200 day.

    1. Pretty strong rejection of the initial downwards move today, getting significantly above the 5400 level.

    2. Looking at the XAO daily, that's a pretty solid rejection of the lows. Wasn't entirely convinced yesterday, but a few more long tail days like today would be very bullish.

    3. IG Clients now net short instead of net long.

    The longs got a good whacking from the pain stick during the first couple of hours of trade. Seems to be the turn of the shorts next.

    Managed 7 trades today, 6 out of 7 profitable, but all very small position sizes.
     

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  14. LinRegSlope

    LinRegSlope

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    This is a setup I learnt from Davin Clarke and Alexander Tzavaras, two of the best traders I have had the privilege to study under. The only change is the addition of the SMI (bottom pane). Typically it is against the trend, so good for a few points, or if you are a swing trader then a low risk trade for a large possible reversal.

    Intraday Futures Setup.jpg
     
  15. cynic

    cynic

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    Fortunately I was brave (or perhaps insane) enough to hold that position overnight and was delighted when the "one that got away" decided to leap back into the net this morning.

    A massive 8 points of profit on a rather old position.

    Don't worry!

    I assure you that I won't spend it all at once and will save a few of those points for a rainy day (i.e. next time I trade the DAX).
     
  16. hsifutures

    hsifutures

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    Hi guys,

    Am new to the forum.

    Was looking around for information pertaining to Hang Seng Futures Depth of Market. Does anyone know where I can get them?
     
  17. 5oclock

    5oclock

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    Hi PAV--I dont say much, but I am inclined to agree with MichealD that there maybe more similarities than differences in the markets and the thread may not get as large of an audience that it has if it just specializes in the FTSE. I also agree with CANOZ that it has been a great thread,one of the main threads I always read!!
     
  18. LinRegSlope

    LinRegSlope

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    Resistance on the SPI around 5475-5480. One of two scenarios IMO. Resistance holds and we channel between 5480 down to 5390, or 5480 becomes support and we channel between this level and next resistance around 5530.
    So to state the obvious, up - down - or sideways :)

    SPI 30 min.jpg
     
  19. MichaelD

    MichaelD Not fooled by randomness

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    Agrees 100% with my analysis. (No smiley).

    Note to lurkers. Note the lack of irrelevant clutter on the presented chart.
     
  20. LinRegSlope

    LinRegSlope

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    Completely agree, one thing I have learned over the years for intraday trading is that 'less noise = clearer picture'!

    As I write this the SPI is testing the resistance levels around 75-80.
     
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