Trading the ASX200 FUTURES - futures io
futures io futures trading



Trading the ASX200 FUTURES


Discussion in Emini and Emicro Index

Updated
      Top Posters
    1. looks_one Ozquant with 12 posts (3 thanks)
    2. looks_two martinhunting with 4 posts (3 thanks)
    3. looks_3 mrcoot with 3 posts (2 thanks)
    4. looks_4 amoeba with 2 posts (0 thanks)
      Best Posters
    1. looks_one s0mmi with 2 thanks per post
    2. looks_two martinhunting with 0.8 thanks per post
    3. looks_3 mrcoot with 0.7 thanks per post
    4. looks_4 Ozquant with 0.3 thanks per post
    1. trending_up 6,639 views
    2. thumb_up 10 thanks given
    3. group 11 followers
    1. forum 27 posts
    2. attach_file 18 attachments




Welcome to futures io: the largest futures trading community on the planet, with well over 125,000 members
  • Genuine reviews from real traders, not fake reviews from stealth vendors
  • Quality education from leading professional traders
  • We are a friendly, helpful, and positive community
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts
  • We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

(If you already have an account, login at the top of the page)

 
Search this Thread
 

Trading the ASX200 FUTURES

(login for full post details)
  #1 (permalink)
melbourne victoria australia
 
Experience: Advanced
Platform: ninjatrader
Broker: FXCM
Trading: AUS200
 
Posts: 110 since Apr 2016
Thanks: 57 given, 121 received

I live in Australia and trade the ASX200 FUTURES . Is there other traders also trading the ASX200 FUTURES? I would be interested in discussing the market.

Visit my futures io Trade Journal Started this thread Reply With Quote
The following user says Thank You to martinhunting for this post:

Journal Challenge February 2021 results (so far):
Competing for $1500 in prizes from Topstep
looks_oneSBtrader82 's Trading Journalby SBtrader82
(154 thanks from 29 posts)
looks_twoJust BEING a Trader: Letting Go!!by iqgod
(111 thanks from 32 posts)
looks_3Wisdom is Emptinessby Mtype
(68 thanks from 25 posts)
looks_4Deetee’s DAX Trading Journal (time based)by Deetee
(31 thanks from 16 posts)
looks_5Journal for peanuts1956by peanuts1956
(23 thanks from 13 posts)
 
 
(login for full post details)
  #3 (permalink)
Sydney, Australia
 
Experience: Master
Platform: TT & CQG
Trading: Bonds of every country (AU/UK/CA/EU/US), Commodities (Soft, Hard, Metals), Currencies,
 
s0mmi's Avatar
 
Posts: 24 since Oct 2016
Thanks: 11 given, 129 received


Yes I trade it but I hedge it with the S&P500 overnight. Also known as the 'spi-mini' spread. I've done that spread for about 4 years now.

Just a word of advice, my prop firm had "Australia's biggest spi day trader" in the SPI and he gave back his limits a few years ago. I think he recently got them back again but let me tell you, it took a lot of heart out of those who made their living on that from 2006-2011. We also had a guy who owned a few ferraris and used to trade only SPI back on the SFE Floor days in the 70's and 80's... and guess who got crushed in the past few years and ended up retiring?

If you are doing positional trades and trends on it then I guess that's Okay but then again you can trade any market with this nack for trends and breaks or whatever.

Most people who trade the SPI trade it like a complete spastic; a very common trade is to pyramid/martingale after 4pm and see where the ASX200 cash closes at 4:10pm, then try to make your living there. I don't like this type of averaging hard and going all-in so I avoid it.

There are a very, very few number of humans who participate in it outright successfully that I am aware of (every day). If anyone has any advice on what they can share I would love to hear.

Reply With Quote
The following 2 users say Thank You to s0mmi for this post:
 
(login for full post details)
  #4 (permalink)
Sydney, NSW, Australia
 
Experience: Intermediate
Platform: Sierra Chart, Python, C#
Broker: Interactive Brokers
Trading: MJNK, ASX, SPI
 
amoeba's Avatar
 
Posts: 205 since Jan 2014
Thanks: 98 given, 270 received

Nice insights s0mmi, cheers.

To-date I have mostly been systematic trading on US markets, I wanted to get into discretionary trading but not the midnight variety, been playing with some ideas via SPI CFD's while trading the Mini Nikkei (take a look at that if you don't end up on the SPI).

s0mmi makes a good point about hedging on the S&P 500, biggest difference I have found with our local market compared to US, our day session is very reactionary to over night movement compared to say ES where you can look for tests/re-tests and confirmations of night levels in the day session.

Our market might rip and go after a big US session, or just dry up and consolidate (most frustrating). But often never re-test prior day RTH levels.

I use volume/market profiling and find I have to use both day & night sessions to get a good picture and define my levels, where on ES you can just use RTH only.

Reply With Quote
 
(login for full post details)
  #5 (permalink)
Brisbane Queensland Australia
 
 
Posts: 205 since Aug 2017
Thanks: 148 given, 337 received

Most days the majority of the days range is done in first 90 minutes and ive found taking the first early swing or fading the overnight trend the best bet . Most daily cash ranges overlap and that can be something to exploit . There are many edges to exploit in the SPI/XJO/AUS200 imo and its a very overlooked instrument by australians and i am perplexed as to why tbh . Whilst daily ranges are small lately its still miles ahead of many indice . I do not scalp and take 3 types of trades

Intra Swings where i try and net >50% daily range in 1 trade
2-3 day swings where i target 50-150 points
3-6 weeks swings with entry around SPI expiry , a certain money flow / cycle repeats ad nauseum

Using a quantitative approach many patterns (for want of a better word) exist that are not really visible to the naked eye . Times where price is not really random . Find this and >50% of a year is predictable in asx200 , not predictable in a way of defining targets to the point but predictable in the sense of trend is 80% probable in v^ direction

SPI EXPIRY overlay on daily



Intra daily range done early in cash session



I have a couple algos that perform very well trading ASX200 both intra and daily timeframes .

Long only daily since 2003 , no risk management with dynamic sizing , i have a short algo as well and running concurrently the curve is actually smooth as silk with max DD 16% over same period...edit (not too mention as well as smoother curve it is also faster ) . The worst trade here is 1 week after lehmans declared bankruptcy



Put the time in and its a good instrument imo

Reply With Quote
The following user says Thank You to Ozquant for this post:
 
(login for full post details)
  #6 (permalink)
Brisbane Queensland Australia
 
 
Posts: 205 since Aug 2017
Thanks: 148 given, 337 received

Calling out SPI /ASX200 traders to get a group of like minded individuals together to chew the fat during asx hours . bit of collective thinking , idea sharing and social chit chat ... Any takers Skype whatever

Getting a good active thread going here as well on the agenda . Hit me up please if interested

Reply With Quote
 
(login for full post details)
  #7 (permalink)
melbourne victoria australia
 
Experience: Advanced
Platform: ninjatrader
Broker: FXCM
Trading: AUS200
 
Posts: 110 since Apr 2016
Thanks: 57 given, 121 received


Ozquant View Post
Calling out SPI /ASX200 traders to get a group of like minded individuals together to chew the fat during asx hours . bit of collective thinking , idea sharing and social chit chat ... Any takers Skype whatever

Getting a good active thread going here as well on the agenda . Hit me up please if interested


Hi!

I would be interested in discussing the ASX 200 and forming a group

Visit my futures io Trade Journal Started this thread Reply With Quote
The following user says Thank You to martinhunting for this post:
 
(login for full post details)
  #8 (permalink)
Brisbane Queensland Australia
 
 
Posts: 205 since Aug 2017
Thanks: 148 given, 337 received


martinhunting View Post
Hi!

I would be interested in discussing the ASX 200 and forming a group

Ive sent you a PM Martin

First week of the year and looking at seasonals it looks typical that SPI drops of into mid Jan , i dont put a heap of weight into it but taken in context it can be useful .





Reply With Quote
 
(login for full post details)
  #9 (permalink)
Brisbane Queensland Australia
 
 
Posts: 205 since Aug 2017
Thanks: 148 given, 337 received

Historically the best ranging day of week XJO is a tuesday but the continuity of these studies is skewed by huge range days such as US election / Brexit type events . In my experience Monday is the weakest cash range of the week so monday is the day to play golf





Naturally always exceptions to the rule but Mondays either dull as or rampant trenders and not much inbetween , the olive markers on price are mondays with Cash range in bottom pane and mondays marked with red arrows




Note many of the trender mondays are gap opens and range breaks , something to note . if US holidays either side weekend squeezes of crowded trades ( sentiment ) are common

Reply With Quote
The following user says Thank You to Ozquant for this post:
 
(login for full post details)
  #10 (permalink)
Sydney, NSW, Australia
 
Experience: Intermediate
Platform: Sierra Chart, Python, C#
Broker: Interactive Brokers
Trading: MJNK, ASX, SPI
 
amoeba's Avatar
 
Posts: 205 since Jan 2014
Thanks: 98 given, 270 received


Great to see some SPI action, or any action in our time zone

I considered trading the SPI this year, I have been on the Mini-Nikkei the last 18 months, but lack of volatility is just a killer, either I needed to massively size up or start shopping for a new instrument. So NY resolution is to first check out the Kospi200, if that doesn't work out I might end up on the SPI.

So will be keeping an eye on your work

Reply With Quote
 
(login for full post details)
  #11 (permalink)
Brisbane Queensland Australia
 
 
Posts: 205 since Aug 2017
Thanks: 148 given, 337 received


amoeba View Post
Great to see some SPI action, or any action in our time zone

I considered trading the SPI this year, I have been on the Mini-Nikkei the last 18 months, but lack of volatility is just a killer, either I needed to massively size up or start shopping for a new instrument. So NY resolution is to first check out the Kospi200, if that doesn't work out I might end up on the SPI.

So will be keeping an eye on your work



Intraday SPI was pretty good for 2017 up to start of OCT which is where daily ranges nosedived . 1st day of 2018 was the largest cash range in over 2 months so its a decent sign . Lack of volatility all round indice and FX wise , ive even resorted to BTC which has actually been pretty solid . I gave up US indice a year ago , was coma inducing .

PS nifty fifty is one ive been working out a system for as well . I like the mean reverting stuff . The Nifty pre xmas had regular 1% cash ranges and thats all you need




Reply With Quote
 
(login for full post details)
  #12 (permalink)
Brisbane Queensland Australia
 
 
Posts: 205 since Aug 2017
Thanks: 148 given, 337 received

Never a good sign when first 90 minutes cash 15 point range , i am going to have a good sleep and return for last hour . Algo running but with volatility this low almost certain there will be no fills ..




Algo has done a reasonable job this week in poor trading conditions , snuck in a couple other trades so reasonable start to year , the 50 points on tuesday was a bonus


Reply With Quote
 
(login for full post details)
  #13 (permalink)
Brisbane Queensland Australia
 
 
Posts: 205 since Aug 2017
Thanks: 148 given, 337 received

Fade any open pop my MO this morning




Will take profit on the overlap if done ,alerts in , time to go do something useful for a couple hours , typical monday , slow as ..

No chance algo trigger in this coma


Reply With Quote
 
(login for full post details)
  #14 (permalink)
Brisbane Queensland Australia
 
 
Posts: 205 since Aug 2017
Thanks: 148 given, 337 received

Sometimes it can be this simple



Reply With Quote
 
(login for full post details)
  #15 (permalink)
bradford + UK
 
 
Posts: 6 since Jan 2018
Thanks: 8 given, 4 received


Ozquant View Post
Fade any open pop my MO this morning




Will take profit on the overlap if done ,alerts in , time to go do something useful for a couple hours , typical monday , slow as ..

No chance algo trigger in this coma


What are those indicators bulls count and AXE momentum. Is there anything similar on NT or Sierra charts?

Reply With Quote
 
(login for full post details)
  #16 (permalink)
Brisbane Queensland Australia
 
 
Posts: 205 since Aug 2017
Thanks: 148 given, 337 received


cryptocrazy View Post
What are those indicators bulls count and AXE momentum. Is there anything similar on NT or Sierra charts?

All things i have written myself , not of the shelf

Reply With Quote
The following user says Thank You to Ozquant for this post:
 
(login for full post details)
  #17 (permalink)
bradford + UK
 
 
Posts: 6 since Jan 2018
Thanks: 8 given, 4 received


Ozquant View Post
All things i have written myself , not of the shelf

Very cool, they look good for spotting slowing momentum for reversal trades.

Reply With Quote
 
(login for full post details)
  #18 (permalink)
Brisbane Queensland Australia
 
 
Posts: 205 since Aug 2017
Thanks: 148 given, 337 received


Ozquant View Post
Sometimes it can be this simple



Got the obligatory bounce of XJO long term support and now looking for areas where the ceiling may exist , i am thinking 5690 will be the speedhump from here medium term




Reply With Quote
 
(login for full post details)
  #19 (permalink)
Brisbane Queensland Australia
 
 
Posts: 205 since Aug 2017
Thanks: 148 given, 337 received

Key level here after the fastest 10 day bounce on XJO in 3 years , favouring a swing high in this zone and trading accordingly




Model is still indicating bullish so i am pre-empting a bit here switching bias early




These fast exhaustive move historically retrace

Reply With Quote
 
(login for full post details)
  #20 (permalink)
Melbourne, Victoria, Australia
 
 
Posts: 3 since Mar 2019
Thanks: 1 given, 1 received

Finally, I've found a forum/thread that is talking about the SPI!
Howdy everyone.

Reply With Quote
The following 2 users say Thank You to mrcoot for this post:
 
(login for full post details)
  #21 (permalink)
Brisbane Queensland Australia
 
 
Posts: 205 since Aug 2017
Thanks: 148 given, 337 received

Would love to start a whatsapp group for xjo/spi/aus200 traders , any takers ??

Reply With Quote
 
(login for full post details)
  #22 (permalink)
Adelaide Australia
 
Experience: Intermediate
Platform: Ninja > MC
Broker: AMPs
Trading: ES
 
Angelo1's Avatar
 
Posts: 141 since May 2011
Thanks: 1,852 given, 73 received

hey OzQ

i've spent the morning looking for some thread about trading the XJO and ended up back at my forum to find this thread,

i'd be keen to join a group or chat, on whats app skype messenger etc, hope it's still relevant for you,

what i was searching for was how to trade the XJO i have an NT/AMPs account, there getting back to me with Futures FCM margin details etc
i used to trade it here with options before/after the GFC, wanted to know how everyone else is trading it CFD's Furtures etc, using US accounts or Aust brokers etc.

i may be naive here but want to explore exploiting the XJO reaction to the overnight ES movement, most of the move seems to occur in the first hour, and as i have no overnight data i don't know about re testing PDH/L etc, i'm discretionary trading looking for simple advantages

Nice coding work, can't offer any advice and your work already intimidates me

say hi free anytime
cheers




Ozquant View Post
Would love to start a whatsapp group for xjo/spi/aus200 traders , any takers ??


"If you believe you CAN, OR believe you CAN'T, you're RIGHT!"
Reply With Quote
 
(login for full post details)
  #23 (permalink)
Sydney, Australia
 
 
Posts: 1 since Feb 2012
Thanks: 0 given, 0 received

Hi Ozquant, just wondering if you've had a spi tradeing chat group going and i'm interested in joining in.

I've been trading spi full time for 2 years and part time on stocks for number of years before that.

My style of trading is intraday swing and scalping based on order flow and market profile.

Reply With Quote
 
(login for full post details)
  #24 (permalink)
Melbourne, Victoria, Australia
 
 
Posts: 3 since Mar 2019
Thanks: 1 given, 1 received

Just wondering if anyone's still around that trades the SPI?

Reply With Quote
 
(login for full post details)
  #25 (permalink)
melbourne victoria australia
 
Experience: Advanced
Platform: ninjatrader
Broker: FXCM
Trading: AUS200
 
Posts: 110 since Apr 2016
Thanks: 57 given, 121 received

Hi!

I have been trading the Aus200 with FXCM for a number of years

Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #26 (permalink)
Victoria, Australia
 
Experience: Intermediate
Platform: NT, MT4
Broker: NT
Trading: Bund , ASX 200
 
Linds's Avatar
 
Posts: 412 since Jul 2010
Thanks: 905 given, 522 received

Trialling some ideas with the AUS200 with FXCM.
Have you ever compared volume profiles/VWAP levels of this instrument with the underlying?

Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #27 (permalink)
Melbourne, Victoria, Australia
 
 
Posts: 3 since Mar 2019
Thanks: 1 given, 1 received

@ martinhunting - that's cool. i've been trading it for about 2 years. just wondering what other people's experience has been, if anyone's been successful trading it/made a living out of it etc.

@ Linds - not sure if that was directed at me or martinhunting but no I haven't.

Reply With Quote
 
(login for full post details)
  #28 (permalink)
melbourne victoria australia
 
Experience: Advanced
Platform: ninjatrader
Broker: FXCM
Trading: AUS200
 
Posts: 110 since Apr 2016
Thanks: 57 given, 121 received

Hi
I use both volume profiling and the VWAP anchored from a high or a low . Main chart is a 15 min chart but I use a 3 minute chart for entries. I am retired and only trade usually in the mornings for a couple of hours .

The AUS200 follows the American markets quite closely I normally have a S&P500 chart opened .

Hear is today's 15 min chart that bounced off the anchored VWAP off the low. 60 min shows the anchor from the low .


@AUS200 (15 Min Heiken-Ashi) 2021_02_04 (7_26_30 PM)

@AUS200 (60 Minute) 2021_02_04 (7_27_29 PM)

Visit my futures io Trade Journal Started this thread Reply With Quote
The following user says Thank You to martinhunting for this post:


futures io Trading Community Traders Hideout Emini and Emicro Index > Trading the ASX200 FUTURES


Last Updated on February 4, 2021


Upcoming Webinars and Events
 

NinjaTrader Indicator Challenge!

Ongoing
 

Journal Challenge w/$1500 prizes from Topstep!

February
 

Identifying Setups & Targets Using Profile Charts w/Trevor & Tradovate

Feb 25
 

Battlestations! Show us your trading desk - $1,500 in prizes!

March
     



Copyright © 2021 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts