New Member

[smwinc]

Quick Note--

Just posting my intro

Trade DAX, ES.

Situated in Australia. Currently making the transition from working full-time (finance) and trading my own equity, to move into a proprietary trading firm.

Soultrader - nice forum, great diversity - hats off to creating something like this in your spare time.

Cheers,

SMW

[Soultrader]

Welcome to the forums SMW and many thanks for the warm compliments. Looking forward to your posts here.

[james_gsx]

Welcome, what made you decide to go prop?

[max-td]

welcome :-)

greets max-td

[smwinc]

	Quote:	james_gsx
	Welcome, what made you decide to go prop?

Hi James,

Key reasons:

-Trading with others around (social / support aspect)
-Access to more equity
-Cheaper commissions

and to be completely honest:
-Little 'wary' of ending my 'working life' to trade at home (I'm reasonably young).

Cheers

SMW

[BlowFish]

How are you finding the DAX right now smwinc? I am finding it a bit thin and erratic. Pretty much shelved it for a bit.

[smwinc]

	Quote:	BlowFish
	How are you finding the DAX right now smwinc? I am finding it a bit thin and erratic. Pretty much shelved it for a bit.

Yes. Haven't traded much this morning. 25 trades. I'm going to get some sleep shortly before the ES open.

Currently long @ 8012, as at 6:43. I might change my opinion, but for the moment I think we're just accumulating.

Do you trade US also, or just DAX?

[BlowFish]

Pretty much focused on the ES right now. Funnily enough I was going to try the DAX this morning (I am UK based) but thought Id swing by here instead.

Another problem with the DAX is around expiration you often get loads of Block trades showing on the tape. Really messes up analysis that uses volume.

Cheers.

[smwinc]

	Quote:	BlowFish
	Pretty much focused on the ES right now. Funnily enough I was going to try the DAX this morning (I am UK based) but thought Id swing by here instead. Another problem with the DAX is around expiration you often get loads of Block trades showing on the tape. Really messes up analysis that uses volume. Cheers.

Yes. With regards to volume, I tend to watch the ESTX50, DAX, ES and EUR together. Helps me not lose the plot.

Completely agree about expiration causing problems.

Good hit of economic news pre-market should spice things up later on.

I'm in the chatroom if you're going to be hanging around.

SMW