Day Trading Futures

[copypasteaee]

How many years back did you test what you post here? (This is a normal question and in no way a critique on your post dear friend)

bro market is my bread and butter. i generally don't do any simulations, i actually trade it. So this is out of my experience. I generally come to know that my script is going to be rangebound or its going to breakout.

 

[nirav_j]

bro market is my bread and butter. i generally don't do any simulations, i actually trade it. So this is out of my experience. I generally come to know that my script is going to be rangebound or its going to breakout.

could you elaborate on the bold part ? is it some mechanical method you follow or intuition ?

 

[Somatung]

bro market is my bread and butter. i generally don't do any simulations, i actually trade it. So this is out of my experience. I generally come to know that my script is going to be range bound or its going to breakout.

I asked because there are times you see this phenomena of huge side way ranges in different markets in the US on different time frames related to future expiry. Still no guarantee that it will be like that the next time, but some kind of clue when it starts to happen again in certain time frames next time before expiry. So my question was absolute serious as I took your post absolute serious. :thumb:

 

[Somatung]

Why not mate ,go ahead....cheers

As you see: It is going on as far as questions occurred in any direction.

 

[Somatung]

Why not mate ,go ahead....cheers

Do you trade options?

 

[copypasteaee]

I asked because there are times you see this phenomena of huge side way ranges in different markets in the US on different time frames related to future expiry. Still no guarantee that it will be like that the next time, but some kind of clue when it starts to happen again in certain time frames next time before expiry. So my question was absolute serious as I took your post absolute serious. :thumb:

will quote an example, SBI 2600 pair had lowest price among other pairs yesterday.... but the spot price was much below 2600...

Not sure about US markets, but in indian markets generally the big moves start at the starting of every new expiry. If its not moving in first few days, we can expect a range bound month. Option pricing and weekly charts give many clues.

yeah i know you were serious

i do not know what is happening in US so really can not comment about that. But what i have observed is the month we are going to have range bound market the option pair is priced at rock bottom and retail option writers do not have courage to write the pair. this is first clue i get. second clue is pair pricing. generally market settles near strike price where the pair price is lowest. i quoted example of SBI above. price was below 2550 and the 2600 pair was lowest so that indicated well in advance that sbi is going to hit 2600 mark. still we went downwards in sbi today but the 2600 pair remained the lowest so that indicated that the BD will fail evantually. Further if you see price action on weekly charts that really helps.

My 2 cents please.

 

[HEM]

It is a bearish Harami pattern.But in strong trends dont act on a candlestick pattern in isolation against the trend. That is a sure way of losses. Markets never reverse like this after making a new top. It will take a small correction lasting for few days...then will almost 100 % will try to test the top ( 1-2 attempts)....and if it fails then there is a chance of reversal or a deep correction.After 3-4 strong days it is natural to have few down to sideways days. But the way market was resisting going down and was snapping back today was clear indication that buying pressure still pretty strong and the reversal little away...

The above is the most likely scenario...but as we all know , markets can do anything...and we will change our stance as per the market move.

Smart_trade

Yes.......Hum( trader) bin pende ka ludhakana lota hai jo market ke sath sath ludhakata hai....... ya girgit ki tarah market ke sath sath apana rang badalta hai........:thumb:


This is one of the most important feature of the successful trader.....




HEM

 

[kenu]

Do you trade options?

No...mate. I trade forex ,futures.....

 

[Somatung]

No...mate. I trade forex ,futures.....

Well, that is also a nice way to trade. I am thinking since quit a while to move on to pure Forex trading, as 24 hours of action are not a bad thing in trading. I do a lot in Globex at the moment and then come into the live market, but in Forex I would have to make some quick baby steps at my level now.

How do you trade in Forex any range bound markets naked with out protection? Just with stop loss levels and thats it or any other, special ideas on that? I can trade currencies futures and currencies options over here if I wish, but I have no clue about live Forex trading which are as far as I know without options done.

 

[kenu]

Well, that is also a nice way to trade. I am thinking since quit a while to do move on to pure Forex trading, as 24 hours of action are not a bad thing in trading. I do a lot in Globex at the moment and then come into the live market, but in Forex I would have to make some quick baby steps at my level now.

How do you trade in Forex any range bound markets naked with out protection? Just with stop loss levels and thats it or any other, special ideas on that?

I trade in majors. And I use order flow to some extent . But I make use personality of a major like if Eur/usd is trading around 1.xx70 ,just buy it .... It 'll be pushed towards next 1.xx90 ..... so on so forth