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Silent Service Method

  • #6,701
  • Jan 15, 2010 12:21am Jan 15, 2010 12:21am
Quoting InfinitySL
I don't usually plug my pinbar thread, but you fellas may enjoy this single post:

http://www.forexfactory.com/showpost...8&postcount=60

I got a good chuckle out of it...
  • #6,702
  • Jan 15, 2010 1:40am Jan 15, 2010 1:40am
Quoting clockwork71
Not a trade signal, but maybe something worth keeping an eye on. I noticed this odd reaction to the Employment surprise in Australia.
Hey Chris, great to see your analysis on this one. I also spotted the pattern - having taken a short on the small daily bar a couple of days ago and got half taken out at BE (rest at 2R), I'm still bearish on this pair so I got in on the 4hour inside bar towards the end of the consolidation - with a stop above the consolidation.

I put reduced risk on this one as I wasn't directly playing a PA break in the way I normally would (i.e. from the actual consolidation, rather than just an IB inside consolidation) but so far things are looking good.

(I know that may not have made total sense to everyone so if anyone wants me to clarify how I made this trade let me know!!)
  • #6,703
  • Jan 15, 2010 6:07am Jan 15, 2010 6:07am
Quoting clockwork71
Not a trade signal, but maybe something worth keeping an eye on. I noticed this odd reaction to the Employment surprise in Australia.
yeah we were suprised on the floor how little a move it was really , it was funny literally 5secs before hand the futures dropped 20 ticks then boom up 40 or so, but in the back of my mind I always knew it was gonna struggle through that 9320 area. As a side note the Aussie share index future (SPI) moved very little off the anouncement also into a fat resistance wall at 4900...

gonna be very itneresting in a few weeks come rate announcement
Grabbing the bull by the horns!
  • #6,704
  • Edited 9:49am Jan 15, 2010 7:35am | Edited 9:49am
GBPUSD at very interesting area on my Chart....definately worth watching for the open on Monday.
We also have confluence with the 50%Fibs for a possible Short entry
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  • #6,705
  • Jan 15, 2010 8:31am Jan 15, 2010 8:31am
eurgbp daily, maybe a break down here. Definitely a solid area to keep an eye on
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  • #6,706
  • Jan 15, 2010 9:09am Jan 15, 2010 9:09am
eurcad weekly and 4 hour, nice reaction off support....
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  • #6,707
  • Jan 15, 2010 9:10am Jan 15, 2010 9:10am
4 hour eurcad
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  • #6,708
  • Jan 15, 2010 10:22am Jan 15, 2010 10:22am
Quoting InfinitySL
Takes time to get this right. Here's a yen cross that I got out of too soon. This is why I've started setting my trades at night so my hands are tied while I'm asleep! That way I have an 8hr head start on second guessing myself. The key (for me anyway) is to not stare at it all day. If you stare at it long enough and think about it hard enough, you can talk yourself out of any trade.
I love that line, it's so true.
  • #6,709
  • Jan 15, 2010 10:24am Jan 15, 2010 10:24am
Quoting whitegoodman
yeah we were suprised on the floor how little a move it was really , it was funny literally 5secs before hand the futures dropped 20 ticks then boom up 40 or so, but in the back of my mind I always knew it was gonna struggle through that 9320 area. As a side note the Aussie share index future (SPI) moved very little off the anouncement also into a fat resistance wall at 4900...

gonna be very itneresting in a few weeks come rate announcement
Yeah, I am still wondering about it to be honest.....I knew it would have a fight at 92 area, but am surprised how it just "stopped".

Certainly something worth watching.
  • #6,710
  • Jan 15, 2010 11:17am Jan 15, 2010 11:17am
Hi,

I was browsing through my futures charts to practice S/R and remember that chris once told us that ETF is a poor man's way to enter the futures market, and options to limit your risk to stock market gaps.

Is there a list for what ETF is for what futures market? I hope there's an ETF for every market.

The only site I've found and learned about options is investopedia and a friend pointed me to optionsxpress to demo options trading, any suggestions? I don't really understand the mechanics of options, truthfully, all I've ever traded was price, cut and dry, all these expiry, put, calls, are driving me nuts... I'm just trying to sink it in for now.

Thanks.
  • #6,711
  • Jan 15, 2010 11:35am Jan 15, 2010 11:35am
Try this... (attachment) There's about 300 on this excel sheet. I would NOT recommend you trade all of them as many are very illiquid and can be incredibly choppy. I would say stick with the ETFs that trade 500k to over 1,000,000 shares a day -- I've sorted this list by avg. trading volume.

Attached File(s)
File Type: xls ETF-Basic.xls   55 KB | 694 downloads
  • #6,712
  • Jan 15, 2010 12:24pm Jan 15, 2010 12:24pm
Quoting InfinitySL
Try this... (attachment) There's about 300 on this excel sheet. I would NOT recommend you trade all of them as many are very illiquid and can be incredibly choppy. I would say stick with the ETFs that trade 500k to over 1,000,000 shares a day -- I've sorted this list by avg. trading volume.

Attachment
Hi, I've taken a peek at the spreadsheet, it still doesn't say what markets an ETF represents... and it seems that with such low liquidity on markets like, say, Sugar futures, I better off not trading them with ETFs.

What's the difference if I trade Ishares Silver and Powershares Silver?

also, then if I see a setup I wanna trade in a Commodity like say, Wheat, or Corn, I can see an Agricultural ETF only... and what exactly is a Total Return Commodity? wow... the diverse markets just shocked me!
  • #6,713
  • Jan 15, 2010 12:27pm Jan 15, 2010 12:27pm
Nice work SL. What's 'funky'?
  • #6,714
  • Jan 15, 2010 1:05pm Jan 15, 2010 1:05pm
Quoting MattW
Nice work SL. What's 'funky'?
What's a Dynamic Large Cap?

I've found that it's quite useful to look at the ETF provider's websites, such as invescoPowerShares, SPDR and iShares.

There's an ETF for Water, Clean Energy, and Wind Energy too! talk about a revolution global warming caused... or the high price of oil and natural gas...

How do you find the volumes though?
  • #6,715
  • Jan 15, 2010 1:07pm Jan 15, 2010 1:07pm
Quoting marcelnyo
Hi, I've taken a peek at the spreadsheet, it still doesn't say what markets an ETF represents...
It does, you just need to look carefully.

Column E has my categories. For instance, you're looking for Sugar... Pick Commodity from the drop-down and the last line item (in row 278) is an item called:

SGG - Ipath DJ-UBS Sugar Subindex that trade 26,000 shares/day.
There's your man!

Quote
What's the difference if I trade Ishares Silver and Powershares Silver?
Well... I could tell you the difference, but it's best to learn how to find this on the internet. Go to http://biz.yahoo.com and from there look up DBS by entering that in "get quote". From there, click on the "Profile" of the security. That should take you Here: http://finance.yahoo.com/q/pr?s=DBS

Read the descriptions, most of it's there..

And MattW -- For "Funky" - If you don't know, you betta Ax somebody! hehehe. Have a nice weekend y'all!
  • #6,716
  • Jan 15, 2010 1:31pm Jan 15, 2010 1:31pm
Hi guys, how is going?
Holidays and computer breaking down kept me away from trading, have some catch up to do with the thread

New year hopes:
-starting to trade live
-picking up stocks charts

about stock charts, I think finviz is a nice tool, and I would like to ask you something: to pick the most liquid stocks what "average volume" and "market capital" parameters should I set?
  • #6,717
  • Jan 15, 2010 2:23pm Jan 15, 2010 2:23pm
Quoting ttteee
Hi guys, how is going?
Holidays and computer breaking down kept me away from trading, have some catch up to do with the thread

New year hopes:
-starting to trade live
-picking up stocks charts

about stock charts, I think finviz is a nice tool, and I would like to ask you something: to pick the most liquid stocks what "average volume" and "market capital" parameters should I set?
See if you can stick to stocks that trade at least 5-10 million shares a day for starters......that should keep you nice and liquid. Of course, anything above that helps.

For what it's worth, when I started, I did just the stocks on the Dow Jones Industrial Average.
  • #6,718
  • Jan 15, 2010 2:25pm Jan 15, 2010 2:25pm
Quoting marcelnyo
Hi, I've taken a peek at the spreadsheet, it still doesn't say what markets an ETF represents... and it seems that with such low liquidity on markets like, say, Sugar futures, I better off not trading them with ETFs.

What's the difference if I trade Ishares Silver and Powershares Silver?

also, then if I see a setup I wanna trade in a Commodity like say, Wheat, or Corn, I can see an Agricultural ETF only... and what exactly is a Total Return Commodity? wow... the diverse markets just shocked me!
Didn't mean to be so glib in my response...

DBS (I think) is a fund that promises you the return of the silver index. To achieve this they use various methods like futures, options, and total return swaps.

SLV does one thing: buys silver bullion. GLD does the same thing just with gold (they own more gold than MOST central banks...crazy) and they store it in their vaults.

For the question about the "dynamic" portfolios, I think (not 100% sure) that those portfolios are not mechanical indexes, I think they change/are dynamic based on some pre-defined criteria. Like say earnings growth or based on a momentum indicator or some other quantitative characteristic. (And now you know why I called them "funky").
;-)
  • #6,719
  • Jan 15, 2010 7:31pm Jan 15, 2010 7:31pm
Quoting marcelnyo
Hi,

I was browsing through my futures charts to practice S/R and remember that chris once told us that ETF is a poor man's way to enter the futures market, and options to limit your risk to stock market gaps.

Is there a list for what ETF is for what futures market? I hope there's an ETF for every market.

The only site I've found and learned about options is investopedia and a friend pointed me to optionsxpress to demo options trading, any suggestions? I don't really understand the mechanics of options, truthfully, all I've ever traded was price,...
Actually, I am not the options master.....that would be Kulu. But, as a general rule, I buy or sell them occasionally as a directional play. In other words, I am not concerned with expiry, or anything else. I simply buy a call because I think it's going up......and I sell it later. Think of it as a cheap way to scalp maybe?????

Chris
  • #6,720
  • Jan 15, 2010 7:33pm Jan 15, 2010 7:33pm
Quoting InfinitySL
Try this... (attachment) There's about 300 on this excel sheet. I would NOT recommend you trade all of them as many are very illiquid and can be incredibly choppy. I would say stick with the ETFs that trade 500k to over 1,000,000 shares a day -- I've sorted this list by avg. trading volume.

Attachment

Infinity.....please post this in "trading related goodies" in the private forum as well. This is great!

It also reminds me of something I love about ETFs.....

If you believe that the Mexican Stock Market is going to go up, then you can buy an ETF for that. (example) It's a great way to get "into" other markets.

Chris
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