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Australian futures traders


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Australian futures traders

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  #1 (permalink)
magicalmoose
Tauranga, New Zealand
 
 
Posts: 5 since Jun 2021
Thanks: 1 given, 0 received

Are there any successful futures traders living in Australia that would be willing to connect? I'm wanting to pick your brain with some questions as I work my way toward being a successful trader. There's plenty of content online but it's all geared toward the US market hours so would be great if I can connect with someone willing to offer some guidance where I need it.

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  #2 (permalink)
 Trembling Hand 
Melbourne, Land of Oz
 
Experience: Advanced
Platform: Sierra Chart, CQG
Broker: CQG
Trading: HSI
 
Posts: 205 since Jun 2011
Thanks: 19 given, 302 received

Probably easier to start a thread, like this one and ask specific questions.

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  #3 (permalink)
magicalmoose
Tauranga, New Zealand
 
 
Posts: 5 since Jun 2021
Thanks: 1 given, 0 received



Trembling Hand View Post
Probably easier to start a thread, like this one and ask specific questions.

About me: I was trained up in forex by an Australian prop firm but have moved into futures given that scalping suits my personality better and I like having access to accurate volume. I still trade fx every now and then so am familiar with the mechanics of the markets but I'm struggling to 'find my feet' in the futures market/scalping so just need a little guidance from someone in the same/similar time zone who is successful (ideally does it full-time).

I'm a strong believer in finding 'what suits you', rather than copying someone else step-by-step, so what I want to know is:

Do you trade US futures or focus on Asian futures given that US is sleeping during Australian/NZ day?
What hours do you trade / avoid trading?
- Do you manage to trade during the day with the lower volatility or do you have to wait until evening when volatility is higher?
- If you do trade during the day, what number of trades do you average per day/week? (only relevant if you're scalping)
- Have you found that you have to use a lower time/tick/volume chart in order to accommodate the lower volatility or does it not matter?
Are there any ah-ha! moments you found with trading during Australian/NZ daytime that you're willing to share?

Again, just looking for some guidance on accommodating a scalping strategy to Australian/New Zealand hours. I currently trade ES on the 1min with input from 30min and the DOM, focusing on breakouts and patterns. This is completely different from my fx strategy which is a fibonacci strategy.

Any guidance would be appreciated - especially if you had any 'ah-ha!' moments during your journey to success.

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  #4 (permalink)
 Trembling Hand 
Melbourne, Land of Oz
 
Experience: Advanced
Platform: Sierra Chart, CQG
Broker: CQG
Trading: HSI
 
Posts: 205 since Jun 2011
Thanks: 19 given, 302 received

I've fulltime traded since 2007 from Aus.

Have hardly ever traded US markets. Plenty of volatility in Asian time frame. Look at HSI, HHI, STW, K200 etc. If you are trading ES the HSI will blow your head off.
There is also DAX/BUND etc in the asian afternoon.

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  #5 (permalink)
magicalmoose
Tauranga, New Zealand
 
 
Posts: 5 since Jun 2021
Thanks: 1 given, 0 received


Trembling Hand View Post
I've fulltime traded since 2007 from Aus.

Have hardly ever traded US markets. Plenty of volatility in Asian time frame. Look at HSI, HHI, STW, K200 etc. If you are trading ES the HSI will blow your head off.
There is also DAX/BUND etc in the asian afternoon.

Typical, my broker doesn't offer any of those.. !

Do you scalp? If so, generally how many trades would you average per day or even per week? When swing trading FX I will generally make 2-5 trades per month so I'm struggling to work out what would be considered 'over trading' in the scalping world..? 10 per week? 100 per week?

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  #6 (permalink)
 Trembling Hand 
Melbourne, Land of Oz
 
Experience: Advanced
Platform: Sierra Chart, CQG
Broker: CQG
Trading: HSI
 
Posts: 205 since Jun 2011
Thanks: 19 given, 302 received


magicalmoose View Post
Typical, my broker doesn't offer any of those.. !

Do you scalp? If so, generally how many trades would you average per day or even per week? When swing trading FX I will generally make 2-5 trades per month so I'm struggling to work out what would be considered 'over trading' in the scalping world..? 10 per week? 100 per week?

I really believe that that is the absolute wrong question.

How many trades you do is the end result of finding a positive expectancy edge/system/method and then applying it as best as you can given your ability to milk as much as you can while it last (quick tip they never last long enough). So the answer to that question is always answered in the finding of a signal/method that has an edge. Not just saying I want to scalp.

How often does your "signal" occur? That is your answer.

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  #7 (permalink)
HumanAlgo
London, UK
 
 
Posts: 1 since Apr 2022
Thanks: 0 given, 0 received

Hi,
I am currently based in the UK but relocating to Sydney in the very near future. I mainly scalp NQ using DOM and ladder trading. Due to the time difference the NQ will not be possible for - can you recommend a similar market to NQ in AUS time zone? and a broker that would support?
Thanks

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