{quote} Yes, currencies & equities are much simpler when comparing the futures to current cash/spot price. No "physical" product to deal with. (Sorry to get off topic, I'm a grain addict :-))
all the best
d1
fortis fortuna adiuvat
- #41
- Mar 13, 2015 8:32pm Mar 13, 2015 8:32pm
- Joined Nov 2013 | Status: Made in Germany | 19,871 Posts
- #42
- Mar 13, 2015 9:14pm Mar 13, 2015 9:14pm
- Joined Nov 2006 | Status: Trader | 4,416 Posts
hey guys.... thanks for the tips.... have been googling everything yall mentioned..... found the math on page 4 of the intro fx pdf below..... will look up the other terms also.... and be much better prepared 3 months from now.....
my spot forex results are reflected by my explorers.... so i have no complaints..... but still, my spot days are done.... for the first time in 10 years, didn't make a single spot trade this week.....
i rather trade against the commercials and arb bots.... might take me a couple weeks to get up to speed....h
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hey srt..... my plans are to trade grains and such as i become more adept with the process.... it should fill in the times when/if no currency trade exists that appeals to me..... would be interested in your thoughts on grains..... or anything for that matter......... thanks....h
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hey global..... the xtrader platform is free with etrade futures.... there is a few dollars commission on the trades....
opened an infinity account last week but not funded yet..... so unsure of infinity's commissions.... made enough this week with etrade to double fund my infinity account there so should know their charges next week.... the platform is free there also..... h
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my spot forex results are reflected by my explorers.... so i have no complaints..... but still, my spot days are done.... for the first time in 10 years, didn't make a single spot trade this week.....
i rather trade against the commercials and arb bots.... might take me a couple weeks to get up to speed....h
//-----
Yes, currencies & equities are much simpler when comparing the futures to current cash/spot price. No "physical" product to deal with. (Sorry to get off topic, I'm a grain addict :-))
hey srt..... my plans are to trade grains and such as i become more adept with the process.... it should fill in the times when/if no currency trade exists that appeals to me..... would be interested in your thoughts on grains..... or anything for that matter......... thanks....h
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{quote} TT's pretty good for tick scalping .... I used to trade futures on the platform a lot back in the days but not in fx (I think they still don't have spot fx). There was a function for size aggregation , looks like that's what's up there. How much do they charge for it nowadays?
hey global..... the xtrader platform is free with etrade futures.... there is a few dollars commission on the trades....
opened an infinity account last week but not funded yet..... so unsure of infinity's commissions.... made enough this week with etrade to double fund my infinity account there so should know their charges next week.... the platform is free there also..... h
//---
to trade and code, keep both simple... no call to impress....h
- #43
- Mar 14, 2015 4:57pm Mar 14, 2015 4:57pm
- Joined Mar 2008 | Status: Taking Care Of Business | 5,587 Posts
Hear the music before the song is over ...
- #44
- Mar 14, 2015 6:03pm Mar 14, 2015 6:03pm
- Joined Mar 2008 | Status: Taking Care Of Business | 5,587 Posts
Here's a chart comparison: E6 Futures vs. EUR/USD Spot
E6 (M15) Daily Continuous Futures Contract
EUR/USD Daily Spot
E6 (M15) Daily Continuous Futures Contract
EUR/USD Daily Spot
Hear the music before the song is over ...
- #45
- Mar 15, 2015 11:35pm Mar 15, 2015 11:35pm
- Joined Nov 2006 | Status: Trader | 4,416 Posts
to trade and code, keep both simple... no call to impress....h
- #46
- Mar 16, 2015 9:15am Mar 16, 2015 9:15am
- Joined Sep 2012 | Status: Edge,Phsycology And Money Managemen | 1,011 Posts
I am what Many Dream to be but only a few can achieve, im a part of the 1%
- #47
- Mar 16, 2015 3:07pm Mar 16, 2015 3:07pm
- Joined Nov 2006 | Status: Trader | 4,416 Posts
why are you stopping forex?????
hey soros..... the neighborhood changed......
...... so moved to another that better suits me.... really still trading forex..... just different manner.....let me perfectly clear, my backing off spot has nothing to do with fxcm themselves.... it has to do with what has become of the fxcm thread.... and best to keep my thoughts on that to myself.....
keep in mind my live explorers here were not my best accounts.... should be able to double those results in forex futures.... or at least my first 2 weeks suggest it.....
subject to change......
.......h
to trade and code, keep both simple... no call to impress....h
- #48
- Mar 17, 2015 12:16am Mar 17, 2015 12:16am
- Joined Sep 2012 | Status: Edge,Phsycology And Money Managemen | 1,011 Posts
{quote} //----- hey soros..... the neighborhood changed......
Mr Hayseed, i think youre the only consistent trader here on FF that i know of, well that i have 100% proof of... how does 1 be consistent in these markets and whats the secret? clearly you have the secret, why dont you start a hedge fund? USA has the worst tax laws for Forex traders, if i was as good as you i would go to a country where you pay zero tax for trading, stay there for 5 years, make 100million dollars during those 5 years, come back to the US with 100million dollars and then retire.
I am what Many Dream to be but only a few can achieve, im a part of the 1%
- #50
- Mar 17, 2015 2:24pm Mar 17, 2015 2:24pm
- Joined Nov 2006 | Status: Trader | 4,416 Posts
to trade and code, keep both simple... no call to impress....h
- #51
- Mar 22, 2015 8:33pm Mar 22, 2015 8:33pm
- Joined May 2014 | Status: My Ideas Are Just That -- Ideas | 4,473 Posts
{quote} //----- hey soros..... the neighborhood changed......
At any rate, glad you're rocking the forex futures world ... . Still considering it myself, but have also been looking at options ... (which are probably going to involve more work than I frankly want to do). As usual, it's a matter of my pissing or getting off the pot ... .
Fireworks are fun ... as long as you don't blow your fingers off.
- #52
- Mar 25, 2015 7:13pm Mar 25, 2015 7:13pm
- Joined May 2014 | Status: My Ideas Are Just That -- Ideas | 4,473 Posts
Still undergoing a bit of self-education of forex futures ... .
One of my questions concerns the deviation between certain futures values and the spot market values. Here's one example:
Not that I am going to trade this particular future, but spot price is currently at 1.097-ish; the March E-Micro is around 1.06. That's a big deviation between the spot price and the futures price ... . In comparison, E-Micro E/U June (MFM 15) is basically right at spot.
You would think that folks would be gobbling up the March at 1.06, but they're not ... . I assume that there is a certain disconnect between spot and the connected future, which I am having difficulty wrapping my head around ... . Naturally I can avoid this issue by just ignoring the current price of the future, but fashioning an entry order based on spot price; the alternative is to just ignore spot price entirely and trade the movement of the future itself, which is likely to track the trajectory of spot to a certain degree ... . I assume you do the latter ... . -- Zeebs
One of my questions concerns the deviation between certain futures values and the spot market values. Here's one example:
Not that I am going to trade this particular future, but spot price is currently at 1.097-ish; the March E-Micro is around 1.06. That's a big deviation between the spot price and the futures price ... . In comparison, E-Micro E/U June (MFM 15) is basically right at spot.
You would think that folks would be gobbling up the March at 1.06, but they're not ... . I assume that there is a certain disconnect between spot and the connected future, which I am having difficulty wrapping my head around ... . Naturally I can avoid this issue by just ignoring the current price of the future, but fashioning an entry order based on spot price; the alternative is to just ignore spot price entirely and trade the movement of the future itself, which is likely to track the trajectory of spot to a certain degree ... . I assume you do the latter ... . -- Zeebs
Fireworks are fun ... as long as you don't blow your fingers off.
- #53
- Edited Mar 26, 2015 7:11am Mar 25, 2015 7:24pm | Edited Mar 26, 2015 7:11am
- Joined Dec 2012 | Status: On Life's Path | 2,076 Posts
- #54
- Mar 25, 2015 11:00pm Mar 25, 2015 11:00pm
- Joined May 2014 | Status: My Ideas Are Just That -- Ideas | 4,473 Posts
{quote} The chart you're showing is "March" which has expired. Notice there are just 11 bars for march but we're on the 18th trade day of march today. When a contract expires, it is no longer traded & is scheduled for "delivery". Those "long" @ expiration will be get the underlying product (euro currency) from the one that is "short" @ expiration. The current month being traded is "June" and "last trading day" for this contract is June 15th. E6 is euro futures. {image} {image}
Fireworks are fun ... as long as you don't blow your fingers off.
- #55
- Oct 2, 2016 12:13pm Oct 2, 2016 12:13pm
- Joined Nov 2015 | Status: Trader | 2,525 Posts
Practice makes a person perfect
- #57
- Oct 3, 2016 6:28am Oct 3, 2016 6:28am
- Joined Nov 2015 | Status: Trader | 2,525 Posts
Practice makes a person perfect
- #58
- Oct 4, 2016 10:46pm Oct 4, 2016 10:46pm
- Joined Nov 2015 | Status: Trader | 2,525 Posts
Practice makes a person perfect
- #59
- Oct 4, 2016 10:55pm Oct 4, 2016 10:55pm
- Joined Apr 2009 | Status: Live and learn. | 25,160 Posts
"If The Fool persists in his Folly he will become wise." - William Blake
