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  • #1,761
  • Apr 28, 2019 8:28am Apr 28, 2019 8:28am
Quoting hilmy83
In forex, price moves in PIPPETTES not PIPS
It's points and not pippettes
  • #1,762
  • Apr 28, 2019 8:29am Apr 28, 2019 8:29am
Quoting skyway
{quote} It's points and not pippettes
who the fuck cares what's its called..it's moves in discrete numbers..
  • #1,763
  • Apr 28, 2019 8:59am Apr 28, 2019 8:59am
Quoting hilmy83
I'm feeling like a nerd this morning. Lets talk leverage currently the CME offers 20:1 leverage on the emini NQ. To calculate leverage you take the notional value/margin required to trade current Nasdaq index price=8146.4 current multiplier per CME =20 notional value = 20x8146.4 = $162,928 (this would've been the cash value if you traded without leverage per contract) however margin required to trade 1 contract = $7600 Leverage = 162928/7600 = 21:1 nice. BUT, brokers can set their own leverage (gasp) AMP for example requires only $500 (which is...
by the way, i can normalize the volatility between gpby/jpy and NQ based on the cost structure

I said you need 1.2 pips to b/e in GPBJPY or 11.2 "ticks"

I need 1 tick in NQ to profit

But i'm gonna be nice and say you need 11.2 ticks to "profit" in gbp/jpy too

so the 900 tick (90 pip 20 day avg atr) move in GBPJPY is really equivalent to 900/11.2 = 80 ticks
whereas NQ moves 280 hard ticks..
  • #1,764
  • Apr 28, 2019 9:20am Apr 28, 2019 9:20am
Quoting profitfarmer
{quote} one who lost his pants on the last flash crash!?
//------

hey pf..... wonder who took'em......

oh yeahhh...... what's that they say about the thief always returning to the scene of the crime.......lol.... good thing it wasn't a female trader.....h
//------

Quoting brody477
{quote} :O Did you at least catch something that day? Other than those mad pips haha nice P/L xD
//----

hey brody..... deer season is over...... but hog season is year round..... made up 200 lbs of pork hot links the other day..... and no tellin how many pork chops and ribs..... even after trimming off the fat, the pork chops were several pounds......h
//----
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to trade and code, keep both simple... no call to impress....h
  • #1,765
  • Apr 28, 2019 9:49am Apr 28, 2019 9:49am
Quoting hayseed
{quote} //------ hey pf..... wonder who took'em...... oh yeahhh...... what's that they say about the thief always returning to the scene of the crime.......lol.... good thing it wasn't a female trader.....h //------ {quote} //---- hey brody..... deer season is over...... but hog season is year round..... made up 200 lbs of pork hot links the other day..... and no tellin how many pork chops and ribs..... even after trimming off the fat, the pork chops were several pounds......h //---- {image} {image} {image}
holy shit bro. that is a lot of meat.
  • #1,766
  • Apr 28, 2019 10:06am Apr 28, 2019 10:06am
Quoting hilmy83
{quote} by the way, i can normalize the volatility between gpby/jpy and NQ based on the cost structure I said you need 1.2 pips to b/e in GPBJPY or 11.2 "ticks" I need 1 tick in NQ to profit But i'm gonna be nice and say you need 11.2 ticks to "profit" in gbp/jpy too so the 900 tick (90 pip 20 day avg atr) move in GBPJPY is really equivalent to 900/11.2 = 80 ticks whereas NQ moves 280 hard ticks..
Interesting..... Do you also know the difference with nq cfds vs nq futures ?.... Or is price movement between the two more equal?
  • #1,767
  • Apr 28, 2019 10:13am Apr 28, 2019 10:13am
Quoting Patje
{quote} Interesting..... Do you also know the difference with nq cfds vs nq futures ?.... Or is price movement between the two more equal?
The price structure is definitely different between the two. But I admit I'm not too familiar with cfd. I'll take a look into it and see if I can do cost comparison later
  • #1,768
  • Apr 28, 2019 10:55am Apr 28, 2019 10:55am
Quoting hilmy83
I'm feeling like a nerd this morning. Lets talk leverage currently the CME offers 20:1 leverage on the emini NQ. To calculate leverage you take the notional value/margin required to trade current Nasdaq index price=8146.4 current multiplier per CME =20 notional value = 20x8146.4 = $162,928 (this would've been the cash value if you traded without leverage per contract) however margin required to trade 1 contract = $7600 Leverage = 162928/7600 = 21:1 nice. BUT, brokers can set their own leverage (gasp) AMP for example requires only $500 (which is...
https://tinyurl.com/StopGettingFuckedByForex
Staying in my lane...
  • #1,769
  • Apr 28, 2019 11:03am Apr 28, 2019 11:03am
Quoting Patje
{quote} Interesting..... Do you also know the difference with nq cfds vs nq futures ?.... Or is price movement between the two more equal?
Tradingview doesn't have nq cfd. Do you have the chart? Can you tell me what the 20 day atr is for nq cfd in ticks?

Tick=smallest change in price.

And also what is the contract value per tick in cfd?
  • #1,770
  • Apr 28, 2019 11:14am Apr 28, 2019 11:14am
Now they have these gaming lounges at DFW now. Nice.

Now they just need a trading station set up with cme colocation..lol

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  • #1,771
  • Apr 28, 2019 11:17am Apr 28, 2019 11:17am
Quoting hilmy83
{quote} Tradingview doesn't have nq cfd. Do you have the chart? Can you tell me what the 20 day atr is for nq cfd in ticks? Tick=smallest change in price. And also what is the contract value per tick in cfd?
I use pepperstone..... I will have a look too .. At my ctrader platform it counts in pips .....1 lot is 1$......so lot size is different as with fx... I am at my work at the moment. ... I will get back to you ... I know tradingview has cfds through oanda. .. Or fxcm .. At some point I hope to make the step to futures as well .. . That's why I find your posts about this very interesting
  • #1,772
  • Apr 28, 2019 11:24am Apr 28, 2019 11:24am
Quoting Patje
{quote} I use pepperstone..... I will have a look too .. At my ctrader platform it counts in pips .....1 lot is 1$......so lot size is different as with fx... I am at my work at the moment. ... I will get back to you ... I know tradingview has cfds through oanda. .. Or fxcm .. At some point I hope to make the step to futures as well .. . That's why I find your posts about this very interesting
ok found it. i was looking into forex charts. i'm boarding right now so i'll do the calculation later tonight. i'm very curious too...

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  • #1,773
  • Apr 28, 2019 4:57pm Apr 28, 2019 4:57pm
One reason I still.put in the hours at my 9-5..its moments like these.

Stay in school kids. Develop your career. Then trade like your life depends on it.

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  • #1,774
  • Apr 28, 2019 6:40pm Apr 28, 2019 6:40pm
Quoting hilmy83
One reason I still.put in the hours at my 9-5..its moments like these. Stay in school kids. Develop your career. Then trade like your life depends on it. {image}
//-----

ditto that....

for some reason i tend to carry more luggage though..... not sure why....h
//-----
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to trade and code, keep both simple... no call to impress....h
  • #1,775
  • Apr 28, 2019 6:43pm Apr 28, 2019 6:43pm
Quoting Patje
{quote} I use pepperstone..... I will have a look too .. At my ctrader platform it counts in pips .....1 lot is 1$......so lot size is different as with fx... I am at my work at the moment. ... I will get back to you ... I know tradingview has cfds through oanda. .. Or fxcm .. At some point I hope to make the step to futures as well .. . That's why I find your posts about this very interesting
so here are the numbers

first i took the 20 day atr = 79.19 / 0.1 (tick move) = about 792 ticks (off oanda's chart)

impressive

lets go into cost of trading (tick value varies based on the size you put on)

Unfortunately, different brokers set different commission scale. Pepperstone said htey don't charge commission, IC markets said they charged $7 RT for USD based account. So to simplify this shit and im being nice here, let's assume CFD has ZERO commission:

So now we look at the spread

oanda has one of the lowest at 0.5 (5 ticks), pepperstone at 1.0, (10 ticks) IC markets at 0.6 (6 ticks). let's just take the average of .7 (7 ticks

If i buy NAS100 at 7818.0 and sell at 7818.1 (1 tick move)
i don't pay commission (BIG ASSUMPTION FOR SIMPLICITY) ,but i'm not at b/e or profit unitl market moves 7 ticks in my favor (0.7 or 7818.7)

to normalize NQ CFD with NQ futures, take 792/7 = 113 ticks (remember futures is at 280 ticks)

Biggest problem i see with this is the variable spreads set by individual brokers. I don't even need to go into the tricks they can play.

When it comes to trading, your primary objective is profit; not low margins, not leverage

Basically in CFD and forex, it takes more "effort" to bring a trade into profit (more range).

Don't let me compare forex/cfd to cost structure of being a CME member, it's a whole different world.

If you have small accounts i say give a micro indexes with cme a try; although i already showed that cme is playing tricks offering these products based on the unequal contract specs.

it's fucked up world we live in. Everybody is out to get your money, best to put yourself in situation whree the playing field is the MOST fair....
  • #1,776
  • Apr 28, 2019 7:16pm Apr 28, 2019 7:16pm
Quoting hilmy83
{quote} so here are the numbers first i took the 20 day atr = 79.19 / 0.1 (tick move) = about 792 ticks (off oanda's chart) impressive lets go into cost of trading (tick value varies based on the size you put on) Unfortunately, different brokers set different commission scale. Pepperstone said htey don't charge commission, IC markets said they charged $7 RT for USD based account. So to simplify this shit and im being nice here, let's assume CFD has ZERO commission: So now we look at the spread oanda has one of the lowest at 0.5 (5 ticks), pepperstone...

Good work Nerd lol
April was terrible for NQ with ATR dropping to 267. Interesting way to compare instrument's trading costs using ATR. Curious what would be the "breakeven" ATR lol
most likely NQ could head the direction of ES bursting bubble of excitement created from last 3-5 months. Got to be prepared for NQ to range into the summer months imo
Staying in my lane...
  • #1,777
  • Apr 28, 2019 11:12pm Apr 28, 2019 11:12pm
https://www.youtube.com/watch?v=7-fe01CA3vc&t=510s
  • #1,778
  • Apr 28, 2019 11:50pm Apr 28, 2019 11:50pm
Quoting hilmy83
{quote} so here are the numbers first i took the 20 day atr = 79.19 / 0.1 (tick move) = about 792 ticks (off oanda's chart) impressive lets go into cost of trading (tick value varies based on the size you put on) Unfortunately, different brokers set different commission scale. Pepperstone said htey don't charge commission, IC markets said they charged $7 RT for USD based account. So to simplify this shit and im being nice here, let's assume CFD has ZERO commission: So now we look at the spread oanda has one of the lowest at 0.5 (5 ticks), pepperstone...
Thanks man, great job.... Much appreciated....
  • #1,779
  • Apr 29, 2019 9:24am Apr 29, 2019 9:24am
Quoting hilmy83
{quote} +$2660 still working towards consistency. One thing i have going for me is that i can take my losses better than most losing trader AND i am more aggressive than the typical retail trader. So those two combination of things kind of work in my favor, even if my system is subpar for now. More to learn.. the grind continues {image} month to date {image}
minimum wage trading
+$370

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  • #1,780
  • Apr 29, 2019 2:32pm Apr 29, 2019 2:32pm
Fo lyfe


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