[SIUYA]

Kiwi - I took some of your earlier advice elsewhere and loaded up sierra chart.
Loving it!! Hooked up to some FX data and IB and currently testing a semi automated FX system. So thanks for that advice.

To be honest I have not tried ASX data and IB into SC yet as I am working on the FX side so far which seems fine, and my daily stock data comes from Esignal fed back into IB.
(The only difference is that FX will be range bar and hourly traded, whilst IB will be daily swing traded.)

When it comes to ASX stock data, do you use IB and SC together as well, or is the daily data from IB not great for stocks (especially with splits, bonus issues, dividends etc)
(slightly off topic but also topical for ASX day trading thread)
thanks.

[Kiwi]

I don't trade stocks at all with IB/SC Siuya; I just recalled IB's announcement that they were supporting ASX Stocks.

[fugu_master]

I use IB with tradestation (and OwnData) to swing trade options on ASX and pay the monthly data fee (about $40USD per month). So definitely doable and IB does have great rates (AUD$3 per contract on options is awesome.)

As for daytrading ASX, well I leave that to the pros

[SIUYA]

thanks fugu-master.
I currently use IB for stocks - its fine, except that you cannot give up trades to them (its possible but they dont want to unless you have a lot of money with them), and they also have not introduced shorting yet. (CFDs yes - but these are crap IMHO).
The shorting ability is coming in the new year according to sources. Currently I am investigating other alternatives as well.


My real question was regards the IB data for stocks in a similar fashion of joining it with other data and using it in SC..... but as you use tradestation and open source data - I guess the answer is nope. Thanks anyway.

(wish list for Christmas - a broker that offers all of the below - leverage, access to multiple markets and instruments, good FX, good charting, auto trading abilities, accurate data, give up facilities, reliable and plentiful stock shorting capabilities, accurate accounts, segregated accounts, competitive fees and rates.) Many are almost there, but not quite.

[max8ion]

I completely agree, that is really good question

[quinn123]

Hi, good replies very informative. I was wondering what do you regard as the best intrument for your daytrading during Australian (ASX) hours (or near to)? It might be a stupid question but what intrument is the easiest to make money in? For e.g. Australian stocks are fairly difficult because of the narrow spread during the day as previously mentioned in this thread.

Do you prefer:
- forex; If forex which currency?
- futures; If futures which indexes?
- commodities; If commodities which commodity?
- stocks; If stocks which type of stocks? Pennies or Bluechips etc?

Cheers,

Quinn

[youri]

Hi quinn123.There are no such instruments easiest to trade.Every instrument has own personality so do you and thay have to match .Also it depends on youre funds,time you can spend.You have to do a home work, what fits youre personality best.Good luck.Youri

[quinn123]

Thanks Youri, I understand what your saying.

I havn't had any experience with futures or forex, only stocks. I think I want to give futures a go; maybe the HSI or STI.

Thanks,

Quinn