Confessions of a Prop Trader - futures io
futures io futures trading



Confessions of a Prop Trader


Discussion in Trading Journals

Updated by trentcroad
      Top Posters
    1. looks_one trentcroad with 58 posts (95 thanks)
    2. looks_two Itchymoku with 5 posts (2 thanks)
    3. looks_3 rossw with 4 posts (4 thanks)
    4. looks_4 Market Sniper 88 with 3 posts (2 thanks)
      Best Posters
    1. looks_one trentcroad with 1.6 thanks per post
    2. looks_two rossw with 1.0 thanks per post
    3. looks_3 xiaosi with 1.0 thanks per post
    4. looks_4 Jigsaw Trading with 1.0 thanks per post
    1. trending_up 12,242 views
    2. thumb_up 125 thanks given
    3. group 44 followers
    1. forum 92 replies
    2. attach_file 29 attachments




Welcome to futures io: the largest futures trading community on the planet, with well over 100,000 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)

 
Thread Tools Search this Thread
 

Confessions of a Prop Trader

  #71 (permalink)
Sydney, Australia
 
 
Posts: 78 since May 2012
Thanks: 31 given, 101 received

Hey Ross

Great to hear from you.

I've watched the Hong Kong Futures a bit as they sometimes give a bit of a lead for the SPI I've noticed. You're right about the volatility too. I haven't watched the Kospi so much though, so I'd be interested to look at it. I've been digging into the broker situation a fair bit recently, as going forward I'm weighing up the best options for my trading. I have accounts with a few different ones as I put on some longer term spread positions (mostly calendars) so comms aren't such a worry for that time frame. My plan going forward is that I want to put more time into spreads though so I'll see what happens.

Thanks for the Kospi tip.

Reply With Quote

Can you help answer these questions
from other members on futures io?
Convert NinjaTrader NT7 indicator to Tradestation EasyLanguage and RADARSCREEN
Platforms and Indicators
Issue meeting order entry conditions
Elite Automated NinjaTrader Trading
Last 5 minutes Label
ThinkOrSwim
Moving average with Lag reduction
NinjaTrader
Linux?
ThinkOrSwim
 
 
  #72 (permalink)
Australia
 
Experience: Intermediate
Platform: NT7 and Sierra Chart
Broker: Interactive Brokers
Trading: ALL
 
Posts: 61 since Apr 2012
Thanks: 92 given, 15 received


rossw View Post
Good to see another Sydney based trader.

I think in our timezone the Kospi is the market to look at. Similar tick value to the SPI but loads more volume - usually 100+ a side and average 150k contracts a side. Or the HK futures if you prefer a bit more volatility.

Bit confused, you said you were trading remotely for a firm, but then also talking about using AMP as your broker. I'd have thought your firm would get you onboard some decent rates due to the group buying power?

anyway, just saying hello, and posting so I can subscribe for further updates.

Hi rossw

Sorry to go off topic but curious what data feed you are using for Kospi?

Thanks

MS

Reply With Quote
 
  #73 (permalink)
Sydney Australia
 
 
Posts: 8 since Mar 2014
Thanks: 6 given, 8 received



Market Sniper 88 View Post
Hi rossw

Sorry to go off topic but curious what data feed you are using for Kospi?

Thanks

MS

Hi,

I use e-signal for Kospi data. One of the few I could find that has access. Only 30/month once you're already using e-signal (which is I think 110/month for futures access). I'm a systems trader and bought some historical data from Investware in Korea for back testing.

and fyi I use IB as my broker. KRW is a difficult currency to get in/out of so not many guys give you access. I'm still testing in SIM but I don't forsee many problems getting my profits (fingers crossed!!) back into AUD.

Reply With Quote
The following user says Thank You to rossw for this post:
 
  #74 (permalink)
Sydney, Australia
 
 
Posts: 78 since May 2012
Thanks: 31 given, 101 received

May 27th

A reasonably quiet start to my week. I did little yesterday and wasn't expecting huge moves today given the long weekend.

I found a bit of buying early which was good for a few ticks. I still like to look for a bit of break early, however I'm not expecting those breaks to hold given the light volume.

Later there was a nice run of the lows on some volume and squawk was talking about China.

There was a bit of a PB I liked and took it. Held it as it went against me before it ran down to the lows. I didn't get a fill as I tried to get out and I ended up taking a scratch. Unfortunate.


Reply With Quote
The following user says Thank You to trentcroad for this post:
 
  #75 (permalink)
Brisbane, Queensland, Australia
 
Experience: Advanced
Platform: JIGSAW/SIERRA CHART
Broker: MacQuarie Futures/AMP Clearing/CQG
Trading: HHI, HSI, FDAX
 
xiaosi's Avatar
 
Posts: 502 since Feb 2012
Thanks: 443 given, 531 received

Trent,

Great thread mate, keep up the great work!

Do you watch honkers much when trading the SPI? My successful trading always involves watching another market with my primary market, obviously speaking of semi- correlated markets here....

Edit: I see where you replied to this already above, but do you specifically find the HHI or HSI best?


Last edited by xiaosi; May 27th, 2014 at 12:28 AM.
Follow me on Twitter Reply With Quote
The following user says Thank You to xiaosi for this post:
 
  #76 (permalink)
Sydney, Australia
 
 
Posts: 78 since May 2012
Thanks: 31 given, 101 received


xiaosi View Post
Trent,

Great thread mate, keep up the great work!

Do you watch honkers much when trading the SPI? My successful trading always involves watching another market with my primary market, obviously speaking of semi- correlated markets here..

Hey mate

Great to hear from you.

Yes I definitely watch others when trading SPI. A bit less so now, but when I first started I would follow 6A, Nikkei, Yen, H Shares, ES, Dax etc.

You could get a some nice leading indicators at times.

I certainly think that you need to be using the other markets as a guide as you are.

It's a great way of trading.

Reply With Quote
The following user says Thank You to trentcroad for this post:
 
  #77 (permalink)
Sydney, Australia
 
 
Posts: 78 since May 2012
Thanks: 31 given, 101 received

I used to watch the H-shares, but I guess it's like anything when it comes to correlations, the leader might change day to day. So maybe one day it was HHI then the next HSI.

A bit like the SPI and the 6A. One day SPI follows 6A, the next 6A follows SPI.

Reply With Quote
The following user says Thank You to trentcroad for this post:
 
  #78 (permalink)
Brisbane, Queensland, Australia
 
Experience: Advanced
Platform: JIGSAW/SIERRA CHART
Broker: MacQuarie Futures/AMP Clearing/CQG
Trading: HHI, HSI, FDAX
 
xiaosi's Avatar
 
Posts: 502 since Feb 2012
Thanks: 443 given, 531 received


trentcroad View Post
I used to watch the H-shares, but I guess it's like anything when it comes to correlations, the leader might change day to day. So maybe one day it was HHI then the next HSI.

A bit like the SPI and the 6A. One day SPI follows 6A, the next 6A follows SPI.

Yeah agree, see this allot with the DAX and the FTSE (Z), mostly the FTSE seems to lead, but occasionally depending on the theme of the day the DAX may lead or the relationship is not worth following. I'm not always looking for a lead, more often just that the general directional bias is shared i guess....for lack of a better way to put it.

Follow me on Twitter Reply With Quote
The following user says Thank You to xiaosi for this post:
 
  #79 (permalink)
Sydney, Australia
 
 
Posts: 78 since May 2012
Thanks: 31 given, 101 received


xiaosi View Post
Yeah agree, see this allot with the DAX and the FTSE (Z), mostly the FTSE seems to lead, but occasionally depending on the theme of the day the DAX may lead or the relationship is not worth following. I'm not always looking for a lead, more often just that the general directional bias is shared i guess....for lack of a better way to put it.

Yep I'm with you. That's a great way of doing it.

Interesting with the DAX and FTSE.

I can tell you like the volatile markets given the ones you follow and trade.

Good luck with the trading.

Reply With Quote
The following user says Thank You to trentcroad for this post:
 
  #80 (permalink)
Brisbane, Queensland, Australia
 
Experience: Advanced
Platform: JIGSAW/SIERRA CHART
Broker: MacQuarie Futures/AMP Clearing/CQG
Trading: HHI, HSI, FDAX
 
xiaosi's Avatar
 
Posts: 502 since Feb 2012
Thanks: 443 given, 531 received



trentcroad View Post
Yep I'm with you. That's a great way of doing it.

Interesting with the DAX and FTSE.

I can tell you like the volatile markets given the ones you follow and trade.

Good luck with the trading.

Yes, you too...looking forward to more of your posts.

Follow me on Twitter Reply With Quote
The following user says Thank You to xiaosi for this post:



futures io Trading Community Trading Journals > Confessions of a Prop Trader




Upcoming Webinars and Events
 

Free BloodHound Licenses to everyone!

June
 

Every journal equals ten meals for the hungry

June
     



Copyright © 2020 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