• Australian (ASX) Stock Market Forum

Hello and welcome to Aussie Stock Forums!

To gain full access you must register. Registration is free and takes only a few seconds to complete.

Already a member? Log in here.

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. barney

    barney

    Posts:
    3,386
    Likes Received:
    1,270
    Joined:
    Aug 17, 2006

    Over 1% push on the DAX with no US and no FTSE "help" into higher highs looks like the start of a retailer trap to me.

    DAX has channelled for several days with no accumulation and looks short term unsustainable.

    Personally looking a range to develop then a drop back to previous range highs at least. ie. Now looking for Shorts at any Range tops. Interesting to see what develops.:)
     

    Attached Files:

  2. pavilion103

    pavilion103

    Posts:
    3,278
    Likes Received:
    7
    Joined:
    Dec 14, 2010
    I'm not saying the short play is over but I wouldn't jump in right now.

    I am still keeping an eye out for a potential opportunity to the short side but I'd need some further confirmation now.

    If this continues with strength I'd look then I'd look moreso for longs!
     
  3. CanOz

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

    Posts:
    11,529
    Likes Received:
    483
    Joined:
    Jul 11, 2006
    Its just a low liquidity squeeze dudes...Think about it, if you had been short the DAX going into the weekend and wanted to get out when the market opens, after a gap up, what premium for that are you going to pay as you stand in line??

    Since i believe its short covering ,the lower value areas WILL get tested sooner rather than later:2twocents
     
  4. pavilion103

    pavilion103

    Posts:
    3,278
    Likes Received:
    7
    Joined:
    Dec 14, 2010
    I agree with this.
    I'm not trading DAX anyway.
    But if I was, I'd need a new setup.

    FTSE on the other hand is still holding well below the highs. I think this one is still good for a short if a setup appears tonight.
     
  5. barney

    barney

    Posts:
    3,386
    Likes Received:
    1,270
    Joined:
    Aug 17, 2006
    Yeah I agree with that Pav, but only if the "strength" you mention is obviously buying strength ...... Its certainly not a Short trade at the moment, but I think the Professional push into new highs gives yesterday is important information relative to the next round of price action (1/2 weeks) .. Certainly interesting at the moment.

    ps. Just noticed the big gap up on the FTSE .... Hope you didn't get hit too hard on that.
     
  6. pavilion103

    pavilion103

    Posts:
    3,278
    Likes Received:
    7
    Joined:
    Dec 14, 2010
    I agree.
    I meant if strength follows. Bad wording.
    Interesting week following that push up.

    It cost me 40 points total on the 2 contracts.
    It didn't even take out my stop though but I exited both positions given that my stop was only about 20 points away and I wasn't willing to risk that on pre-open price action (which would have taken me out as it turned out).

    Back in now for 1 contract at 6830.
     
  7. MichaelD

    MichaelD Not fooled by randomness

    Posts:
    912
    Likes Received:
    2
    Joined:
    Dec 7, 2005
    Last post. It's been fun.

    Some of my "guerrilla" rules of survival.

    1. Never risk gapping a profit into a loss.

    2. Never let a handsome profit evaporate.

    3. If everyone else is zigging, zag.


    Happy trading all.
     
  8. pavilion103

    pavilion103

    Posts:
    3,278
    Likes Received:
    7
    Joined:
    Dec 14, 2010
    Lol
     
  9. pavilion103

    pavilion103

    Posts:
    3,278
    Likes Received:
    7
    Joined:
    Dec 14, 2010
    My Internet forum posting rules:

    1. Never be a keyboard warrior
     
  10. cynic

    cynic

    Posts:
    4,514
    Likes Received:
    523
    Joined:
    Feb 25, 2011
    Please don't abandon this thread Michael.

    I've been enjoying your contributions and although there can be significant contextual variances in trading styles and/or methodologies the ensuing debates can at times be very illuminating and worthwhile.
     
  11. barney

    barney

    Posts:
    3,386
    Likes Received:
    1,270
    Joined:
    Aug 17, 2006

    Why the Last post Mike??:confused: Your input has been very much appreciated.

    Of course if you are off to spend the remainder of your days on a boat in the Bahamas, I understand;):)


    PS What Mr Cynic said above
     
  12. beachlife

    beachlife

    Posts:
    328
    Likes Received:
    0
    Joined:
    Aug 3, 2008
    Wow I think you just blew an opportunity to learn from someone that actually trades for a living.
     
  13. CanOz

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

    Posts:
    11,529
    Likes Received:
    483
    Joined:
    Jul 11, 2006
    And so it goes.....

    People are people, some will come and some will go....

    Michael clearly has better things to do with his time....like make money.
     
  14. pavilion103

    pavilion103

    Posts:
    3,278
    Likes Received:
    7
    Joined:
    Dec 14, 2010
    Did that from Tech who contributed 10 times as much as this guy.
     
  15. LinRegSlope

    LinRegSlope

    Posts:
    40
    Likes Received:
    0
    Joined:
    Apr 16, 2014
    30 min SPI Futures chart. 5560 resistance is still to be tested. Momentum has slowed. The question is whether it is just having a breather or starting to roll over?

    SPI 30 min.jpg
     
  16. LinRegSlope

    LinRegSlope

    Posts:
    40
    Likes Received:
    0
    Joined:
    Apr 16, 2014
    I certainly don't share the same opinion!
     
  17. pavilion103

    pavilion103

    Posts:
    3,278
    Likes Received:
    7
    Joined:
    Dec 14, 2010
    I dunno. Maybe he left in case the market does push down now and he looks silly for criticizing people for having a short bias and telling them that it's only because they are in a current short trade.

    But that's a forum. Many come. Many go.
    The discussion continues.
     
  18. pavilion103

    pavilion103

    Posts:
    3,278
    Likes Received:
    7
    Joined:
    Dec 14, 2010
    Possibly.
    Wait for further confirmation I guess.

    FTSE struggled a bit last night.
    Interesting few days ahead.
     
  19. beachlife

    beachlife

    Posts:
    328
    Likes Received:
    0
    Joined:
    Aug 3, 2008
    How can someone that supplements his trading with income from his business teach you about trading for a living without the safety net of a second income to cover losses? It a totally different pressure. Just the pressure of a trading comp with Can turned him to mush.

    Don't take this the wrong way, but this thread is over 12 months old, you are still working, and barely comfortable with trading more than 1 contract. If you are happy with that fine, but if you aspire to become a full time trader maybe you should reconsider who you listen to. Please take as a friendly :2twocents
     
  20. kid hustlr

    kid hustlr

    Posts:
    1,874
    Likes Received:
    417
    Joined:
    Jun 9, 2011
    Beachlife care to explain your trading history and where you are currently at in the development process?
     
Loading...

Share This Page