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100 Trades Analysis

  • #381
  • Sep 6, 2017 12:17pm Sep 6, 2017 12:17pm
Quoting Divergence
S and p is a very sluggish market e mini nasdaq imop is the best market out there very trendy large daily range huge swings it is better than any forex pair by far check it out
Yes, S&P can be "chunky" especially on a slow day but the % is usually nearly the same so it's just that NQ gives you many more entry/exit points compared to ES. The chart of NQ usually looks smoother because of the additional "ticks".
  • #382
  • Sep 6, 2017 12:18pm Sep 6, 2017 12:18pm
Here's my trades today look how this moves I only trade first hour and stop
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  • #383
  • Sep 6, 2017 12:19pm Sep 6, 2017 12:19pm
Quoting srt
{quote} Yes, no swap fees but there's a small amount of premium decay every day :-)
what does that mean? i hold 10 contracts of E6 overnight at 1.1917.. what happens then?
  • #384
  • Sep 6, 2017 12:23pm Sep 6, 2017 12:23pm
2 things could happen market shuts down from 5 to 6 when it opens it could gap putting you in hole or way up
  • #385
  • Sep 6, 2017 12:23pm Sep 6, 2017 12:23pm
Quoting hilmy83
{quote} what does that mean? i hold 10 contracts of E6 overnight at 1.1917.. what happens then?
Looking @ the futures quotes I just put up, there's about 7 pips premium left in the Sept contract so for example if there's 14 days until that contract expires, then you'll lose .5 pips every day you hold it even if spot price didn't move even 1 pip.

So if you look @ the price of any futures contract & check the days until expiration, check to see how much premium is in the contract relative to forex then divide that by number of days until expiration to know how much in pips you'll lose each day you hold it.

***My opinion is if you're a day-trader that might hold a position overnight, I don't get concerned about swap & premium decay. What's an occasional pip holding overnight when you might be looking @ trying to gain 30-50 pips. Not enough of a concern unless you're scalping for less than 10 pips.
  • #386
  • Sep 6, 2017 12:24pm Sep 6, 2017 12:24pm
Also if you hold you need full margin in acct day trading only 500 is required
  • #387
  • Sep 6, 2017 12:26pm Sep 6, 2017 12:26pm
Srt that's option stuff I think
  • #388
  • Sep 6, 2017 12:26pm Sep 6, 2017 12:26pm
Quoting srt
{quote} Looking @ the futures quotes I just put up, there's about 7 pips premium left in the Sept contract so for example if there's 14 days until that contract expires, then you'll lose .5 pips every day you hold it even if spot price didn't move even 1 pip.
so what is the difference between forex swap vs futures premium decay? seems like you "pay" something for holding positions. maybe the pip fee value might be different
  • #389
  • Sep 6, 2017 12:30pm Sep 6, 2017 12:30pm
I thought you were a day trader
  • #390
  • Sep 6, 2017 12:33pm Sep 6, 2017 12:33pm
look i'm agreeing that futures is better option.

what forex is selling is low barrier of entry and high ass margin. i can get my $100 and pick a broker with 200+ leverage and hope to win big. Yes it's gambling, yes it's foolish thinking, but that's what it is. and, it IS possible to make it big in forex IF you know what you're doing. i'd call it a POOR MAN'S MARKET. we the poor people come into forex and try to hit it big

futures has the "professionalism" feel to it. it's regulated, pricing is relatively cheaper than forex. BUT, i need bigger deposits and leverage is smaller. but i don't have to deal with broker "tricks". if i'm stopped out, that's because i suck adn i can't complain about chart issues or broker hunting stops..

so yea..i'm mulling over futures right now....

ps. yay TP hit!
  • #391
  • Sep 6, 2017 12:34pm Sep 6, 2017 12:34pm
Quoting Divergence
Also if you hold you need full margin in acct day trading only 500 is required
Correct, margin requirements will increase if you hold overnight positions. $500/contact is for daytrading only.
  • #392
  • Sep 6, 2017 12:34pm Sep 6, 2017 12:34pm
Quoting hilmy83
{quote} maybe the pip fee value might be different
Apologies for butting in here, but you have to be remember with futures contracts you are trading ticks not Pips. Off the top of my head in Forex Futures 2 Ticks equates to 1 Pip and in Futures Indices, 4 Ticks equates to 1 Point. I think normally on Futures Forex, 1 Tick is $6.25 so for every 0.00005 movement you are $6.25 per contract up or down. If you are trading 10 contracts, every 0.00005 movement, will equate to $62.50.
If i am wrong i am sure someone will correct me.
  • #393
  • Sep 6, 2017 12:35pm Sep 6, 2017 12:35pm
Quoting Divergence
I thought you were a day trader
90% daytrade
10% swing..(those days when you fuck up and you hold to see if your position is still valid next session...)
  • #394
  • Sep 6, 2017 12:35pm Sep 6, 2017 12:35pm
Quoting Divergence
Srt that's option stuff I think
Look @ the list of futures quotes. They all have increasing premium the farther out in time just like options which I also trade but don't want to completely turn this into a mess :-)
  • #395
  • Sep 6, 2017 12:38pm Sep 6, 2017 12:38pm
Quoting hilmy83
{quote} so what is the difference between forex swap vs futures premium decay? seems like you "pay" something for holding positions. maybe the pip fee value might be different
If holding overnight I would use forex even with swap fees as I wouldn't trust the overnight liquidity in futures with a strong move. Could have large spreads so poor SL fills.
  • #396
  • Sep 6, 2017 12:41pm Sep 6, 2017 12:41pm
Trading euro futures are higher margin than e mini nasdaq 1000 to 500
  • #397
  • Edited 12:54pm Sep 6, 2017 12:43pm | Edited 12:54pm
Quoting bullseye97
{quote} Apologies for butting in here, but you have to be remember with futures contracts you are trading ticks not Pips. Off the top of my head in Forex Futures 2 Ticks equates to 1 Pip and in Futures Indices, 4 Ticks equates to 1 Point. I think normally on Futures Forex, 1 Tick is $6.25 so for every 0.00005 movement you are $6.25 per contract up or down. If you are trading 10 contracts, every 0.00005 movement, will equate to $62.50. If i am wrong i am sure someone will correct me.
Futures contracts are all over the map as far as $/tick. But the tick size is also quite different in each market.
If you buy 1 contract of ES & 1 of YM, both will have nearly the same $ profit if both markets move 1% even though ES is more than twice the $/tick.

6E=$12.50/tick
6B=$6.25/tick (british pound)
ES=$12.50/tick
YM=$5/tick
NQ=$5/tick
CL=$10/tick
GC=$10/tick
  • #398
  • Sep 6, 2017 12:46pm Sep 6, 2017 12:46pm
NQ is 5.00 a tick
  • #399
  • Sep 6, 2017 2:37pm Sep 6, 2017 2:37pm
Quoting hilmy83
{quote} 90% daytrade 10% swing..(those days when you fuck up and you hold to see if your position is still valid next session...)
have you thought about it...

i still have an account open with IC Markets, im going to try ECN.. if spread continues to rip me to pieces then that's just my trading... futures appears to be quite expensive for me atm... let me know if you change

also

i have to ask...

what $$$$ are we on ? $250k?
  • #400
  • Sep 6, 2017 3:37pm Sep 6, 2017 3:37pm
Quoting Don96
{quote} have you thought about it... i still have an account open with IC Markets, im going to try ECN.. if spread continues to rip me to pieces then that's just my trading... futures appears to be quite expensive for me atm... let me know if you change also i have to ask... what $$$$ are we on ? $250k?
i feel like a total noob all over again learning futures now..

that old feeling of excitement mixed with despair realizing there's much to read..

ps. account is NOT at $250k..i need till around Nov to get where i need to be..$150k minimum. otherwise my wife might leave me...
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