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GFIs1 1 DAX trade per day journal
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GFIs1 1 DAX trade per day journal

  #2191 (permalink)
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GFIs1 View Post
yeah - seems like the steam is out...
Happy holidays @choke35 and all!

GFIs1

I think it just goes to show we cannot look at volume as a reason to trade or not trade, look at today for example relatively low volume but have a nearly 200 points??

As alot of stocks are now traded via algo's/computers there is not so much of the "Summer markets" when most Humans go on holiday as 90% is computer/ALGO based, and computers do not take Holidays!!??

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  #2192 (permalink)
Market Wizard
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CPRICE76 View Post
I think it just goes to show we cannot look at volume as a reason to trade or not trade, look at today for example relatively low volume but have a nearly 200 points??

As alot of stocks are now traded via algo's/computers there is not so much of the "Summer markets" when most Humans go on holiday as 90% is computer/ALGO based, and computers do not take Holidays!!??

Where there is no volume, there are no trades - no matter which method

Taking a look at today's price jumps you will find that they were simply caused by
empty slots in the order book, i.e. a lack of liquidity/market depth.

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  #2193 (permalink)
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choke35 View Post
@CPRICE76

A sample for your initial question about TPs.
Trades like this show why it is usually a mistake to set TPs
for systems that live and die by momentum.
Miss out on some of these trades or cut them and you cripple
the entire performance.

Well why not have a limit order in anyhow- that may not even get hit? eg take profit if/when the trade is +140 points??

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  #2194 (permalink)
Market Wizard
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CPRICE76 View Post
Well why not have a limit order in anyhow- that may not even get hit? eg take profit if/when the trade is +140 points??

The problem is never getting in but getting out; besides, your crystal ball must be much better than mine
if you know that you will get 140p in advance.

With liquidity that dry you simply will not get out without slippage,
esp when you trade large enough to size positions (i.e. no single contract dabbling).

Just make a simple test: Take today's T&S and group the ticks by volume. You will find that most of the day
you would have experienced slippage even with ridiculously low sizes like 2 contracts.

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  #2195 (permalink)
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choke35 View Post
The problem is never getting in but getting out; besides, your crystal ball must be much better than mine
if you know that you will get 140p in advance.

With liquidity that dry you simply will not get out without slippage,
esp when you trade large enough to size positions (i.e. no single contract dabbling).

Just make a simple test: Take today's T&S and group the ticks by volume. You will find that most of the day
you would have experienced slippage even with ridiculously low sizes like 2 contracts.

Not at all.I dont know would get +140 but I mean is it not worth putting a limit order in for say +140 on the off chance that it will filled? otherwise just leave the exit time order in untill 13:30 CET etc..? ( IF +140 points profit order is hit then great, but if not simply get out at the exit time)

Opinions??

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  #2196 (permalink)
Market Wizard
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CPRICE76 View Post
Not at all.I dont know would get +140 but I mean is it not worth putting a limit order in for say +140 on the off chance that it will filled? otherwise just leave the exit time order in untill 13:30 CET etc..? ( IF +140 points profit order is hit then great, but if not simply get out at the exit time)

Opinions??

I for one simply don't like throwing 2-5p (news with even higher values aside) per contract per trade out of the window -
no matter what the target is. So if possible, I change to more liquid instruments or stop trading for that day.
Btw: imo @GFIs1 's low-volume rules also make sense to me ...

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  #2197 (permalink)
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choke35 View Post
I for one simply don't like throwing 2-5p (news with even higher values aside) per contract per trade out of the window -
no matter what the target is. So if possible, I change to more liquid instruments or stop trading for that day.
Btw: imo @GFIs1 's low-volume rules also make sense to me ...


Whats 2-5p?? ( points?? ) pS if anything at all if working a order to get filled as a profit target u will be given + slippage, which means the profit target of +140 ( if filled/hit ) could be filled at +145??

Col.

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  #2198 (permalink)
Market Wizard
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CPRICE76 View Post
Whats 2-5p?? ( points?? ) pS if anything at all if working a order to get filled as a profit target u will be given + slippage, which means the profit target of +140 ( if filled/hit ) could be filled at +145??

Col.

Theoretically possible, but normally you will throw 2-5p per contract per trade away with slippage against you.
As said: Just test today's T&S for the FDAX. You will find many examples where even low contract sizes caused slippage
of several points.

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  #2199 (permalink)
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choke35 View Post
Theoretically possible, but normally you will throw 2-5p per contract per trade away with slippage against you.
As said: Just test today's T&S for the FDAX. You will find many examples where even low contract sizes caused slippage
of several points.

So Howcome as far as I am awafe GFIS1 never has slippage issues? as when his stop is -30- He states his stop has been hit and its ALWAYS -30, NEVER -31, -33 etc.. surprised he has never had slippage even if volume is high.Strange.

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  #2200 (permalink)
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CPRICE76 View Post
So Howcome as far as I am awafe GFIS1 never has slippage issues? as when his stop is -30- He states his stop has been hit and its ALWAYS -30, NEVER -31, -33 etc.. surprised he has never had slippage even if volume is high.Strange.

As said: @GFIs1 's low-volume rules make sense: Normally no trades.

"surprised he has never had slippage even if volume is high"???????
Think you still didn't get what slippage is ...


Last edited by choke35; July 21st, 2015 at 06:38 PM.
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