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Australian index Ords - question
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Created: by james58 Attachments:1

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Australian index Ords - question

  #1 (permalink)
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Australian index Ords - question

Here we go as a newbie when trading e-mimis,at the moment when the markets are so volatile when the dow has run up 100 points or the other way ,the all ords in Aust generally follows that same pattern so, is it not easy to predict which way the indices will be moving therefore easy to make a derisked profit.I will be very interested in your replies or am I being totally ridiculous.After searching and reading about trading ,alot of people who have been at it for a long time always want to go back to simplicity this must be one of the simplest methods.I am awaiting somebody to correct my thinking. Thanks James


Last edited by james58; July 29th, 2010 at 02:18 AM.
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I'm not sure, that i answer you correct...

1. there are many (or more) people, who use different timeframe. Volume, renko, range, time, etc charts. Each chart show you different setups and patterns.
2. You can't predict. You have only edge statisticaly improve. Nobody can predict future. There is always probibality. If happens A, than with 60% probibality happens B.
3. Simplicity is a key. But don't forget, that simplicity is subbjective.

Sorry for english.

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james58 View Post
the all ords in Aust

I am sorry, can you explain what that is? Thanks.

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the all ords

Hi the all ords is Australias name for their index eg the dow jones is USAs name for their main index. Hope that helps.James

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james58 View Post
Here we go as a newbie when trading e-mimis,at the moment when the markets are so volatile when the dow has run up 100 points or the other way ,the all ords in Aust generally follows that same pattern so, is it not easy to predict which way the indices will be moving therefore easy to make a derisked profit.I will be very interested in your replies or am I being totally ridiculous.After searching and reading about trading ,alot of people who have been at it for a long time always want to go back to simplicity this must be one of the simplest methods.I am awaiting somebody to correct my thinking. Thanks James

Hi James,

I think you are proposing the idea to follow the trend of US major indicies and taking trades in that direction on the Aussie index. I never looked at the Aussie market and honestly don't know how big the day-by-day correlation is, but it will not be a low risk trade based on that alone.

You will probably find that sentiment shifts with whatever market is in day session and controls the news flow, e.g. eurex can point straight up but reverse when globex day session opens and the other way around.

I also looked into S&P vs Nikkei (which opens 3h after S&P pit close) correlation a few years ago, and never found an edge worth pursuing, at least on back-to-back days which I assume is the timeframe you are aiming at.

Your thought is by no means ridiculous, I think most traders had it at some point.

/Jerry


Last edited by jerry828; July 29th, 2010 at 08:55 AM.
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I have ploblam *.cs

I newbie from thailand I don't under stand.
what File *.cs use for Programe or patform?

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help needed

Hi mike, thanks for this wonderful forum ,

I am very new to any of this ,I would like to learn from you guys ,
I don`t have must to offer right now because my first time in foruns and trading ,
hope i can make this work.

siraad

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I newbie from thailand I don't under stand.
what File *.cs use for Programe or patform?

indy.cs is the file used for NinjaTrader.

It is stored in Documents > NinjaTrader7(or6.5) > bib> custom > Indicator

Those with @Indy are from NinjaTrader whose without (indy) are custom written and added later.

R.I.P. Andy Zektzer (ZTR), 1960-2010.
Please visit this thread for more information.
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  #10 (permalink)
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Jerry Thanks for your reply I am following this at the moment and the correlation is that the Ords follows the Dow and your right sentiment can change with news before and during the Ords opener am monitering that side at the moment Thanking you for your reply James

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