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S&P500 trading

  • #21
  • Oct 28, 2014 4:32am Oct 28, 2014 4:32am
Quoting FerruFx
I am a long time Forex trader and to be frank I never paid attention to S&P500 until few weeks ago. My broker finally make it available! I wonder if someone here with experience in this symbol could enlight me on 2 important things: - Which time(s) are the best to watch/trade S&P500 for a day trader ? - Which news events have an impact on the S&P500 ? Any other usefull infos would be welcome! Thank you for your help to a newbie

definitely the overlap time and I suggest to only trade the overlap time..
pretty much every red u.s news that is released hour or 30 minute prior to NYS open which was far off the forecast..

and... I watch Santalies news release comments and jim cramers show which starts 30 minute before the bell and half hour into the session... it gets you prepared and running..

I personally pay a lot of attention to the 5 top stocks volatiles right out of the gate... or major player who is action.

I hope it helps... and your hardly a newbie bud...

best of luck.
Passion, Persist, Patience, Protect
  • #22
  • Oct 28, 2014 4:35am Oct 28, 2014 4:35am
Quoting MAM.Trader
trader who is able to BE ( with active trading ) at Forex will make money at stocks
true story!
All posts are my personal opinion
  • #23
  • Oct 28, 2014 4:37am Oct 28, 2014 4:37am
  •  FerruFx
  • Joined May 2007 | Status: MT4/MT5 EAs/Indicators/Alerts coder | 6,542 Posts | Online Now
Quoting FXEmpire
{quote} definitely the overlap time and I suggest to only trade the overlap time.. pretty much every red u.s news that is released hour or 30 minute prior to NYS open which was far off the forecast.. and... I watch Santalies news release comments and jim cramers show which starts 30 minute before the bell and half hour into the session... it gets you prepared and running.. I personally pay a lot of attention to the 5 top stocks volatiles right out of the gate... or major player who is action. I hope it helps... and your hardly a newbie bud... best...
Great infos thanks!
MT4/MT5 EAs/Indicators/Alerts coder
  • #24
  • Oct 28, 2014 11:05am Oct 28, 2014 11:05am
Quoting MAM.Trader
yes it seems very complicated..! {image} {quote}
Neh, in a long term situation it's easy cake! It's more about fundamentals.
I meant "Complex" for an Intra-Day trader, as he is.

There was a time when my friends and I used to call "S&P500" to Long positions.

- "What do you think about (some given asset)"
- Go S&P!

hahaha.

MarketFox.-
Trade, don't bet.
  • #25
  • Oct 28, 2014 9:28pm Oct 28, 2014 9:28pm
Hey FerruFx,

I used to trade the indices for a small fund and the S&P is a wonderful trading instrument. At least the futures are. I have no idea how the CFD functions as far as fills go. BUT if I could give somebody one tip that will help to put a plan together it would be to go to a one hour chart and a four hour chart, find good signals like pinbars, engulfing bars - the typical things that traders take signals on - ESPECIALLY in climax situations that would scare the crap out of most traders to take a reversal trade - the kind of situation that only somebody with balls of steel and loads of experience and/or the inside track would dare to do. Look for situations that are sure to keep the peasants from entering. This is important. A guy with your experience will have no trouble determining when those situations arise. Keep in mind that the futures (probably the main driver of the overall market) cost $50 per handle so small traders will get buggy very easily. It's not like Forex where you can trade micro amounts with 100 pip stops. This is a psychologically difficult situation for novice futures traders to take on, which will keep them out of the market. By the time they get their nerve up, the trend will be over.

Anyway, once you find the professional entry points what you can do is draw various R:R targets based on the range of the signal bar (sometimes this has to include the previous bar if it's the lowest low/highest high of the swing). For instance, say an engulfing bar is 4 points in range. Now add 8 points (2:1 RR), 12 points (3:1 RR) and so on (the bigger the time frame, the larger the R:R tends to be by the time the move is over). Other indys could tell you if it's likely to make it to the next target. What you'll see is that the market will respond quite nicely to those projections - often barely touching them before reversing. I have seen many instances of that market racing down like a banshee and 'tapping' an R:R projection, only to see it a minute later racing in the opposite direction.

These professionals go for multiples of R:R from good signals. Many of these setups will hit a 10:1 RR a couple of times a month. I wish I had known that years ago. It would have changed my entire approach to the S&P.
  • #26
  • Oct 28, 2014 10:33pm Oct 28, 2014 10:33pm
  •  FerruFx
  • Joined May 2007 | Status: MT4/MT5 EAs/Indicators/Alerts coder | 6,542 Posts | Online Now
Quoting Almuten
Hey FerruFx, I used to trade the indices for a small fund and the S&P is a wonderful trading instrument. At least the futures are. I have no idea how the CFD functions as far as fills go. BUT if I could give somebody one tip that will help to put a plan together it would be to go to a one hour chart and a four hour chart, find good signals like pinbars, engulfing bars - the typical things that traders take signals on - ESPECIALLY in climax situations that would scare the crap out of most traders to take a reversal trade - the kind of situation that...
Thank you Almuten for your very informative answer ...
MT4/MT5 EAs/Indicators/Alerts coder
  • #27
  • Oct 29, 2014 6:34am Oct 29, 2014 6:34am
Only been trading S&P500 for a few months now, it seems to follow RSI and divergence on it quite often, it also seems like candlestick formations and such seem to have a much more reliable effect on this market. Just wondering if anyone more experienced knows what other things that are good to look at while trading S&P
  • #28
  • Oct 29, 2014 7:56am Oct 29, 2014 7:56am
  •  FerruFx
  • Joined May 2007 | Status: MT4/MT5 EAs/Indicators/Alerts coder | 6,542 Posts | Online Now
Quoting BullBearing
Only been trading S&P500 for a few months now, it seems to follow RSI and divergence on it quite often, it also seems like candlestick formations and such seem to have a much more reliable effect on this market. Just wondering if anyone more experienced knows what other things that are good to look at while trading S&P
Will definitively pay attention to common patterns ...
MT4/MT5 EAs/Indicators/Alerts coder
  • #29
  • Oct 29, 2014 8:10am Oct 29, 2014 8:10am
Hi FF - a couple of months back, fed up with the lack of volatility in FX, I switched to the Dax - aka German SM - its much more friendly time-wise to us Europeans and has some great technical moves . Check my posts and you'll find two Dax threads.

Often in the afternoon I switch to either the Dow or the S&P. In both the action usually starts around 8am NY - the old T Bond pit open time - and with data at 8:30 NY that can often start a move.

Later, at 9:30 NY the NYSE opens and that's when the real volume comes in and this usually slows around noon in NY - those guys need their Martini lunches! - after which we get the NY afternoon session. As you can see, that gave the best move yesterday - a bit late for me as I've had a couple of glasses of nice Rioja by then!

Good luck

Islander
Trading Levels with WRBs
  • #30
  • Oct 29, 2014 9:05am Oct 29, 2014 9:05am
  •  FerruFx
  • Joined May 2007 | Status: MT4/MT5 EAs/Indicators/Alerts coder | 6,542 Posts | Online Now
Quoting Islander
Hi FF - a couple of months back, fed up with the lack of volatility in FX, I switched to the Dax - aka German SM - its much more friendly time-wise to us Europeans and has some great technical moves . Check my posts and you'll find two Dax threads. Often in the afternoon I switch to either the Dow or the S&P. In both the action usually starts around 8am NY - the old T Bond pit open time - and with data at 8:30 NY that can often start a move. Later, at 9:30 NY the NYSE opens and that's when the real volume comes in and this usually slows around...
Thanks Islander. Will check your DAX threads
MT4/MT5 EAs/Indicators/Alerts coder
  • #31
  • Oct 29, 2014 9:19am Oct 29, 2014 9:19am
Quoting FerruFx
{quote} Thanks Islander. Will check your DAX threads
You're welcome - and the Dax might be better for you time-wise - unless you're a night-owl! Its cash - the Xetra - opens at 9am CET / 8am gmt...
Trading Levels with WRBs
  • #32
  • Oct 29, 2014 9:33am Oct 29, 2014 9:33am
  •  FerruFx
  • Joined May 2007 | Status: MT4/MT5 EAs/Indicators/Alerts coder | 6,542 Posts | Online Now
Quoting Islander
{quote} You're welcome - and the Dax might be better for you time-wise - unless you're a night-owl! Its cash - the Xetra - opens at 9am CET / 8am gmt...
Yes ... I am at GMT+7 in Asia !
MT4/MT5 EAs/Indicators/Alerts coder
  • #33
  • Oct 29, 2014 9:43am Oct 29, 2014 9:43am
while all this information is very informative to new traders of the indices
can i ask if people posting such information can show just a little restraint on specifics
(if possible)

some information should never be posted on public forums,
the main reason being text robots scan all major FX sites / twitter / facebook etc all wk long looking for what traders know and if they know to much strategies can fail
and especially if many traders start talking the same trades because someone has posted the blueprints to trading a certain instrument

who collects and uses the information i don't know, but it happens, a good guess would be its some of the major institutions and have to remember this is war and not a game

if anyone has the exact specifics, if Ferrufx is ok with it, could they PM him with the information instead
(not to me, that's not what i'm getting at here, my PMs are off anyway )

otherwise, if people want their strategies to fail, a good way to go about it would be to post it on Forex Factory,
as the robots are definitely here

major institutions keep their strategies well guarded at all times for the same reasons
so apologies for appearing a bit direct, but people have to be very careful what they say in public

Good luck
  • #34
  • Oct 29, 2014 10:13am Oct 29, 2014 10:13am
Quoting FerruFx
I am a long time Forex trader and to be frank I never paid attention to S&P500 until few weeks ago. My broker finally make it available! I wonder if someone here with experience in this symbol could enlight me on 2 important things: - Which time(s) are the best to watch/trade S&P500 for a day trader ? - Which news events have an impact on the S&P500 ? Any other usefull infos would be welcome! Thank you for your help to a newbie
FF, My friend,

All the liquid indices are excellent for position trading or trend trading long term wise, check out this post on my thread to have an idea.
http://www.forexfactory.com/showthre...59#post7802159

Its fair to mention that the Spreads are much bigger than the Currencies pair even with a Mini Account ( E-mini S&P 500, E-mini NASDAQ-100, Mini-sized Dow ($5) etc... )
Included is Today's chart of the ES which is the Futures version of the S&P 500.

Best,
B.R.
Attached Image (click to enlarge)
Click to Enlarge Name: ES 12-14 (Daily) 08_07_2013 - 28_10_2014.jpg Size: 111 KB
Master Your Setup, Master Your self. (NQoos)
  • #35
  • Oct 29, 2014 10:31am Oct 29, 2014 10:31am
  •  FerruFx
  • Joined May 2007 | Status: MT4/MT5 EAs/Indicators/Alerts coder | 6,542 Posts | Online Now
Quoting bassramy
{quote} FF, My friend, All the liquid indices are excellent for position trading or trend trading long term wise, check out this post on my thread to have an idea. http://www.forexfactory.com/showthre...59#post7802159 Its fair to mention that the Spreads are much bigger than the Currencies pair even with a Mini Account ( E-mini S&P 500, E-mini NASDAQ-100, Mini-sized Dow ($5) etc... ) Included is Today's chart of the ES which is the Futures version of the S&P 500. Best, B.R. {image}
Will check all this. Thank you my Friend!
MT4/MT5 EAs/Indicators/Alerts coder
  • #36
  • Oct 31, 2014 7:50pm Oct 31, 2014 7:50pm
Hello Ferrufx,

I trade the SPY (ETF FOR S%P) , I usually and it is suggested not to trade the first 10min of the market open. the volatility is usually there till 11.00am.
A lot of day traders also come back after 2.30pm till the close at 4pm but a lot of them me included stop at 11am.

4x
  • #37
  • Oct 31, 2014 7:57pm Oct 31, 2014 7:57pm
  •  FerruFx
  • Joined May 2007 | Status: MT4/MT5 EAs/Indicators/Alerts coder | 6,542 Posts | Online Now
Quoting 4xPIPAHOLIC
Hello Ferrufx, I trade the SPY (ETF FOR S%P) , I usually and it is suggested not to trade the first 10min of the market open. the volatility is usually there till 11.00am. A lot of day traders also come back after 2.30pm till the close at 4pm but a lot of them me included stop at 11am. 4x
Again great info ... Thank you.

This week was great to observe S&P500 and DAX ...
MT4/MT5 EAs/Indicators/Alerts coder
  • #38
  • Edited 10:55pm Nov 1, 2014 10:41pm | Edited 10:55pm
hello all, sorry to disrupt the conversation but I have a pretty basic question concerning the cost of trading the s&p 500. If someone could enlighten me in respect to the cost of trading a e-mini future contract comm+normal spread round turn that would be great, for some reason I'm having a hard time finding this info... Right now i'm trading the Oanda cfd and paying a spread of ,5 index points and would like to compare with what is out there...
It's not about what you make, it is about what you don't lose
  • #39
  • Nov 2, 2014 6:05am Nov 2, 2014 6:05am
Quoting aceventura69
hello all, sorry to disrupt the conversation but I have a pretty basic question concerning the cost of trading the s&p 500. If someone could enlighten me in respect to the cost of trading a e-mini future contract comm+normal spread round turn that would be great, for some reason I'm having a hard time finding this info... Right now i'm trading the Oanda cfd and paying a spread of ,5 index points and would like to compare with what is out there...
Total round-turn (buy 1 & sell 1 contract) cost is usually less than $5 per futures contract & at some brokers it's less than $4.
There really isn't a spread in the S&P futures (ES) since there's always a bid & ask as close as possible so if bid is 2015 then ask is 2015 1/4 which is the smallest move possible.
One tick movement(1/4 point) for 1 contract =$12.50.

So if you bought 1 contract & price moved 1 tick and you sold it, you would have a profit of $7.50 if commission is $5.
($12.50-$5.00=$7.50)
  • #40
  • Nov 2, 2014 9:19am Nov 2, 2014 9:19am
In the futures or the spy.....
Let's assume that you are going in at market, there would be 1 tick spread. If you go long at market you would hit the ask, if you would want to sell
right away you would hit the bid, witch gives you a 1 tick spread. the market would have to move 2 ticks for you to be profitable by 1.

4x
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