Search results

Before plunging into technical analysis and what not, read Reminiscence of a Stock Operator. It will save you lot of time and money. My professor is a bond trader and recommended it to me. Good luck.

hey CF! Sorry to hear about your dad not doing well. My prayers are with ya. This thread is mighty helpful, keep it up! :P

How do you look at the DOM in futures to determine where the price is headed? I understand supply and demand, but when I see large order of ask than bid, it doesn't always move down. So help me better understand what to look for when watching DOM, cause right now I'm just looking at it and...

Yes, the pound and euro are the best to trade imo, as far as liquidity and trends go. Very good charts. I don't try to predict the markets, I just try to follow the trend and any breakouts that I may find along the way. Thanks.

Youngtrader, thanks for the reply. They are good to trade by looking at charts. You don't even need technical indicators. Only doing live simulated trading right now. What do you look for when you watch the order book? How many points do you concentrate on? Thanks

So how do y'all trade currency futures? I've observed that following trend is the most profitable way to make money in currency futures. But I'm curious as to how y'all trade.

That brings me to my other question. What do you guys use for technical indicators for futures?

Remember future contracts have a tick value. For example, for every $1 move in E-Mini S&P future contract you would gain or lose $50. This is why futures are so attractive. Oh and there is no pattern day trading rule for futures contract.

When daytrading, what indicators did you use? Fibs, Gann, Elliot don't work that great intraday.

Since there isn't a section for currency futures, I'll put it here. What is the most liquid future out there as far as currencies go? Also, those who do trade currency futures, would like to know, which is the best for daytrading? Currently, demo trading. Thanks.

Thanks for the reply. That was exactly what I was thinking. I will stick to futures instead. Thanks again.

I see no way you can day trade forex. I mean look at the damn spreads on most pairs. Is this because of the broker am I looking at? I am trying out demo of couple brokers and I see the same trend everywhere. Do you guys get filled between the bid and ask, or should I just swing trade the...

Well, I waited for a reversal and than bam shorted the crap out of 10year. I was in red as the rally continued, but I'm like its today or never. Good day indeed!

Have you ever traded before fed decision? If so, how do the 10-year rates behave after they cut? I thought it moves drastically lower after decision.

Yall shorting this baby tomorrow before fed decision?

Hello. I couldn't make a trade on ER2M8, because apparently the margin requirements changed. Can anyone tell me where I can get up to date margin requirements as they change? Currently, it says $1687 for day trading margin, but when I called my broker, they said it changed to 2k. Let me...

Well, I won't be trading anytime soon. I still have lot to learn. How many contracts do you day trade, and what's an average profit for a day for you? Thanks.

It's .50 between bid and ask right? Well isn't that a bit too much?

Hmm, the spread is pretty big in the mini crude, and risk pretty huge, so I'll stay away. What other futures are good to look at for a while, just to study how they move with technicals. I know Gann, Elliott, Fibonacci, etc. Which futures contract follow technicals closely? I have tried...

So ultimately is there a limit on how many contracts I can buy? That guy says I can only trade the margin.