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Soultrader

Trading the KOSPI 200 Index Futures

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Gday Soultrader ,

 

Do you know where we could get the different weightings of the different stocks in the index like you mentioned in your opening chat ?

 

"The heavily weighted stocks for this index includes companies like Samsung Electronics (15.59%), The Pohan Iron and Steel Company (7.89%), Kookimin Bank (3.89%), HHI or Hyundai Heavy Industries (3.53%), etc..."

 

Try here

 

KOSPI 200 | KRX KOREA EXCHANGE

 

KOSPI 200 | KRX KOREA EXCHANGE

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Hello all,

 

Could someone let me know if the KOSPI has any advantages over say trading the ZN (US treasuries), ES or other popular contracts? (indexes, currencies, financials)

 

Even in the Asian session what are the advantages/ drawbacks over trading the ASX200 index future (SPI)?

 

I have traded intra-day for a long time but never on the KOSPI. I had a person contact me in order to pick my brain about order flow/ volume analysis intra-day and I wanted to make sure I didnt put him in the wrong direction due to the different characteristics of this market.

 

You can be as general or as technical as you want. (Footprint, price action, volume, order flow, DOM, market/ volume profile, TPO, cumulative delta, liquidity data bank analysis) I know all of the theory.

 

Thanks.

 

OFM

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Hello all,

 

Could someone let me know if the KOSPI has any advantages over say trading the ZN (US treasuries), ES or other popular contracts? (indexes, currencies, financials)

 

Even in the Asian session what are the advantages/ drawbacks over trading the ASX200 index future (SPI)?

 

I have traded intra-day for a long time but never on the KOSPI. I had a person contact me in order to pick my brain about order flow/ volume analysis intra-day and I wanted to make sure I didnt put him in the wrong direction due to the different characteristics of this market.

 

You can be as general or as technical as you want. (Footprint, price action, volume, order flow, DOM, market/ volume profile, TPO, cumulative delta, liquidity data bank analysis) I know all of the theory.

 

Thanks.

 

OFM

 

I guess that your ego wouldn't allow you to simply be honest and tell the guy that there is nothing about the KOSPI in your brain that he could pick.

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I guess that your ego wouldn't allow you to simply be honest and tell the guy that there is nothing about the KOSPI in your brain that he could pick.

 

I don't know if you were attempting to be productive or rude.

 

I have scalped, day traded and swing traded a basket of instruments for a long time and he is the one who is requesting I help him. He is the one who contacted me even after I specifically said that I dont trade it (I am assuming because he can see some value in the long term screen time I have put in to this game.)

 

He wants my input on the advantages on reading pure order flow and volume analysis when trading, instead of the analysing it with the common methods of the retail trader. He has mentioned that he has never traded order flow, but his timetable is such that he wants to trade the Asian session and scalp/ day trade. I currently only trade the SPI during the Asian session as I am generally do other related market things (analysis of data for possible swing trades) and I have already mentioned that the SPI would be more preferable due to the lower commissions. A little choppy and thin though, but good for a couple of intra day moves/ reversals. I am more a European/ US session trader anyway as I told him.

 

He has worked in a Derivatives Middle Office and has created algos for a bank, so I actually figured it wouldn't be a complete waste of time because he would already know a bit and could catch on and obviously develop it himself.

 

We all know that no-one is going to be profitable off a mechanical or discretionary system they don't understand. But if you are given the right tools, platforms, feeds, products and a little direction/ mentoring a person cut significantly reduce the amount of time it takes to develop their own system. To be honest the reason most people never become profitable is that they dont acquire these things. Look at the amount of people in the markets that think technical analysis is the answer. Jeez... Also there are very few (if any) extensive order flow training books I can send to this bloke. I could just point him to 3 I can think of, but still they are not on the cutting edge of it all.

 

Basically what I have read be mentioned is:

 

"I would recommended looking for intra day swings due to divergence in the cumulative delta/ volume and price . Also the methods of Steidlmayer seem to hold true as it is a relatively a retail market, and beware the lack of liquidity at this time bla bla..."

 

No-one has touched it in any real depth yet though.

 

Perhaps the following points could be of assistance:

- Liquidity/ Time of Day

- Correlations/ Lead Lag/ spreading

- Market Profile/ TPO/

- DOM/ manipulation/ pulling & stacking orders/ accumulation & distribution of big players around typical setups/ false breakout reversals

- Divergences (of anything)

- General nuances you can notice via the Jigsaw Dom/ Time and Sales.

- Markets similar in depth and action

- Market footprint

 

This is just a start. You can mention anything you want.

 

Given the variety of things I could talk about (and analysis methods) of general order flow trading I was trying to just put him on the right track. Like I said, I am going out of my way here just to be helpful to this bloke. All I see it as is an afternoon when I can relax, smoke a stogie and talk about something I am passionate about (ie. speculation.) I am appreciate of the people who took the time out to help me, and want to pass it on.

 

If you think the fact that I have never traded the KOSPI means I could not be of any assistance to this bloke make a good argument and I might just leave him to his own devices. At the end of the day it doesnt change my P/L in my markets one way or the other.

 

OFM :missy:

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Hello all,

 

Could someone let me know if the KOSPI has any advantages over say trading the ZN (US treasuries), ES or other popular contracts? (indexes, currencies, financials)

 

Even in the Asian session what are the advantages/ drawbacks over trading the ASX200 index future (SPI)?

 

I have traded intra-day for a long time but never on the KOSPI. I had a person contact me in order to pick my brain about order flow/ volume analysis intra-day and I wanted to make sure I didnt put him in the wrong direction due to the different characteristics of this market.

 

You can be as general or as technical as you want. (Footprint, price action, volume, order flow, DOM, market/ volume profile, TPO, cumulative delta, liquidity data bank analysis) I know all of the theory.

 

Thanks.

 

OFM

 

The SPI is thin. KOSPI has really good volumes that are probably only eclipsed by the Osaka traded Nikkei in the Asian session. The options on the K200 are tiny and are super heavily traded - more volume than the futures. The futures are a fairly big contract somewhere around the $25 USD / tick area.

 

I have watched it off and on, but in Asian futures I have tended to trade N225 or HSI - no real reason other than personal preferences.

 

With kind regards,

MK

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watch the language please gentlemen.....let's try to behave here

 

TW

 

Sorry. I didn't know I couldn't use ego, KOSPI, pick, and brain in the same post. However, you did allow the OP to use KOSPI, pick, and brain in a way that implied that he had a huge ego. I guess you allow unwarranted huge egos but do not want others pointing out the huge ego. Sort of like allowing nudity but not wanting anyone to talk about it. That is confusing, especially when there is so much busch around.

 

Maybe you guys should post the TL manual of appropriate language so that neither you nor I have to guess at it.

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Sorry. I didn't know I couldn't use ego, KOSPI, pick, and brain in the same post. However, you did allow the OP to use KOSPI, pick, and brain in a way that implied that he had a huge ego. I guess you allow unwarranted huge egos but do not want others pointing out the huge ego. Sort of like allowing nudity but not wanting anyone to talk about it. That is confusing, especially when there is so much busch around.

 

Maybe you guys should post the TL manual of appropriate language so that neither you nor I have to guess at it.

 

 

I have only put up a couple of messages on this forum and already I have run in to some pretty "strong" personalities. I assumed that this was a forum of traders who wanted to talk about trading. I am sure with your 2000 odd posts you would know something note-worthy concerning the intra-day analysis of Kospi futures? If not, then why wouldn't you just have enough tact to ignore the message if you thought it sounded conceited?

 

I think ego is a matter of perspective. A lot of people will just read my post and answer it as they may have been in a similar situation themselves and think the concepts are pretty standard. One of the most crucial thing for success for any activity is to ask questions and learn from people who have done it before.

 

Anyway, can we please focus on trading!

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I have only put up a couple of messages on this forum and already I have run in to some pretty "strong" personalities. I assumed that this was a forum of traders who wanted to talk about trading. I am sure with your 2000 odd posts you would know something note-worthy concerning the intra-day analysis of Kospi futures? If not, then why wouldn't you just have enough tact to ignore the message if you thought it sounded conceited?

 

I think ego is a matter of perspective. A lot of people will just read my post and answer it as they may have been in a similar situation themselves and think the concepts are pretty standard. One of the most crucial thing for success for any activity is to ask questions and learn from people who have done it before.

 

Anyway, can we please focus on trading!

 

I know absolutely nothing about KOSPI futures. I won't pretend to be a source of knowledge on items unknown to me for anyone else.

 

Focusing on trading would be a welcome change from wading through the sales pitches from those who do not know what they think or say they know.

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Looks like you got a mixed reaction here.Maybe not what you were hoping for.Maybe you just assumed everybody would take an instant liking to you.Being liked (preferably instantly) seems important for you- the result of an oversized/fragile ego?

 

Wiz obviously is already a big fan.That's a start but wiz doesn't always notice simple moderation tasks,so don't be fooled by his super-moderator tag.

 

Seems MightyMouse is not a fan and,so far,i gotta say neither am I...sorry 'bout dat.If being welcomed and appreciated is important to you,then you might wanna try not casually insulting people.Maybe it's not intentional on your part,but some of us take great care in choosing out words here so there's less room for misinterpretation.

For example,backhanded insults like this:

 

I am sure with your 2000 odd posts you would know something note-worthy concerning the intra-day analysis of Kospi futures?

 

And little gems like this:

 

We all know that no-one is going to be profitable off a mechanical or discretionary system they don't understand. But if you are given the right tools, platforms, feeds, products and a little direction/ mentoring a person cut significantly reduce the amount of time it takes to develop their own system. To be honest the reason most people never become profitable is that they dont acquire these things. Look at the amount of people in the markets that think technical analysis is the answer. Jeez...

 

Those who trade know,or should know,that there are many ways to trade and that the mental game is the biggest part of it.Patronizing those who use TA isn't gonna win you many friends here,trust me,i been here a while.

I'm sure Wiz would advise you to respect others.Your comments do the opposite.Can you see that? 'cos we can,clearly.

 

And here (after slagging off another wannabe vendor,you'd just like us to know this:

 

I have scalped, day traded and swing traded a basket of instruments for a long time..

 

..because he can see some value in the long term screen time I have put in to this game

 

The comments taken together look like you're touting for biz...look like it,doesn't mean you are,just saying some people are sensitive about that here more than other forums,because apart from kidding around now and then we do actually want to do what you said here:

 

I assumed that this was a forum of traders who wanted to talk about trading

 

 

Now,maybe,if you apologize (like I know you're going to) I could convice MightyMouse that you really didn't intend to insult anyone here and that you're not insinuating that you are somehow better than the rest of us.Doesn't look good for the new guy on the block right now...and you know what they say about first impressions.

 

 

 

 

Maybe we just have different outlooks on trading. I was always in it for the money- nothing else. I am not here to be anyone’s friend, or their enemy. I am here to earn dollars. But remember I did offer you great free advice when suggesting you need to look at order flow and much can be learned by putting in significant screen time. My advice wasn’t going to make or lose me money this week, and perhaps one day another reader will realise that these words were actually really honest and helpful because I have been where 95% of retail traders have been. I studied fundamental and technical analysis, I wrote algorithms, I paid higher commissions and I used bad brokers. I won money, lost money, lost sleep and even girlfriends because of how much time I gave to both the markets and just earning money in general.

 

Maybe I do have an ego, some people have said that. But over the last ten years I have grown as a person because I was willing to accept that I didn’t know everything and to seek out good advice. I worked unbelievably hard in my career and on the screens and through dedication grew my income many times over.

 

I have seen really dedicated men with no education make a lot of money, and I have seen really smart men lose a lot of money and lose their wife and kids. There is no sure fire formula. All I know is that if you put in a lot of work, have proper risk management, forget your ego and stay hungry to learn than you can earn an almost stable 10-15% a month on a futures account. I just hope that if you really want to be a trader (or just be successful in any part of your life) that you find success, and all the benefits that come from hard work and dedication.

 

All the best as this is my last post.

 

OFM

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Maybe we just have different outlooks on trading. I was always in it for the money- nothing else. I am not here to be anyone’s friend, or their enemy. I am here to earn dollars. But remember I did offer you great free advice when suggesting you need to look at order flow and much can be learned by putting in significant screen time. My advice wasn’t going to make or lose me money this week, and perhaps one day another reader will realise that these words were actually really honest and helpful because I have been where 95% of retail traders have been. I studied fundamental and technical analysis, I wrote algorithms, I paid higher commissions and I used bad brokers. I won money, lost money, lost sleep and even girlfriends because of how much time I gave to both the markets and just earning money in general.

 

Maybe I do have an ego, some people have said that. But over the last ten years I have grown as a person because I was willing to accept that I didn’t know everything and to seek out good advice. I worked unbelievably hard in my career and on the screens and through dedication grew my income many times over.

 

I have seen really dedicated men with no education make a lot of money, and I have seen really smart men lose a lot of money and lose their wife and kids. There is no sure fire formula. All I know is that if you put in a lot of work, have proper risk management, forget your ego and stay hungry to learn than you can earn an almost stable 10-15% a month on a futures account. I just hope that if you really want to be a trader (or just be successful in any part of your life) that you find success, and all the benefits that come from hard work and dedication.

 

All the best as this is my last post.

 

OFM

 

How have you grown over the last 10 years if you categorize a man as smart who loses his wife and kids over trading?

 

Personally, I would call the man dumb as wood for letting that happen and I would have called him the same thing 10 years ago.

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excellent job vultures (Mickey Mouse and Honda there)......when somebody actually talks about trading with you the best you can do is talk crap.....

 

really impressed here :thumbs down:

 

for the future spare us please, it is not mandatory to post, said that again in the past and said it again now, maybe you will eventually get it

 

TW

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excellent job vultures (Mickey Mouse and Honda there)......when somebody actually talks about trading with you the best you can do is talk crap.....

 

really impressed here :thumbs down:

 

for the future spare us please, it is not mandatory to post, said that again in the past and said it again now, maybe you will eventually get it

 

TW

 

Mickey Mouse and Honda? You incredibly witty and creative.

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Hi OFM,

 

I day trade Kospi futures. Any questions, your guy has, ask him to post here. I actually use dom a lot, and coded algos around it.

 

I am always interested in learning more about Dom and order flow. You mentioned you know few books. Can you please post their titles here. Probably won't find anything useful in them, but hey you never know.

 

Totally agree that there is not too much info on Dom, tape and order flow out there.

 

Regards,

Alex

 

I don't know if you were attempting to be productive or rude.

 

I have scalped, day traded and swing traded a basket of instruments for a long time and he is the one who is requesting I help him. He is the one who contacted me even after I specifically said that I dont trade it (I am assuming because he can see some value in the long term screen time I have put in to this game.)

 

He wants my input on the advantages on reading pure order flow and volume analysis when trading, instead of the analysing it with the common methods of the retail trader. He has mentioned that he has never traded order flow, but his timetable is such that he wants to trade the Asian session and scalp/ day trade. I currently only trade the SPI during the Asian session as I am generally do other related market things (analysis of data for possible swing trades) and I have already mentioned that the SPI would be more preferable due to the lower commissions. A little choppy and thin though, but good for a couple of intra day moves/ reversals. I am more a European/ US session trader anyway as I told him.

 

He has worked in a Derivatives Middle Office and has created algos for a bank, so I actually figured it wouldn't be a complete waste of time because he would already know a bit and could catch on and obviously develop it himself.

 

We all know that no-one is going to be profitable off a mechanical or discretionary system they don't understand. But if you are given the right tools, platforms, feeds, products and a little direction/ mentoring a person cut significantly reduce the amount of time it takes to develop their own system. To be honest the reason most people never become profitable is that they dont acquire these things. Look at the amount of people in the markets that think technical analysis is the answer. Jeez... Also there are very few (if any) extensive order flow training books I can send to this bloke. I could just point him to 3 I can think of, but still they are not on the cutting edge of it all.

 

Basically what I have read be mentioned is:

 

"I would recommended looking for intra day swings due to divergence in the cumulative delta/ volume and price . Also the methods of Steidlmayer seem to hold true as it is a relatively a retail market, and beware the lack of liquidity at this time bla bla..."

 

No-one has touched it in any real depth yet though.

 

Perhaps the following points could be of assistance:

- Liquidity/ Time of Day

- Correlations/ Lead Lag/ spreading

- Market Profile/ TPO/

- DOM/ manipulation/ pulling & stacking orders/ accumulation & distribution of big players around typical setups/ false breakout reversals

- Divergences (of anything)

- General nuances you can notice via the Jigsaw Dom/ Time and Sales.

- Markets similar in depth and action

- Market footprint

 

This is just a start. You can mention anything you want.

 

Given the variety of things I could talk about (and analysis methods) of general order flow trading I was trying to just put him on the right track. Like I said, I am going out of my way here just to be helpful to this bloke. All I see it as is an afternoon when I can relax, smoke a stogie and talk about something I am passionate about (ie. speculation.) I am appreciate of the people who took the time out to help me, and want to pass it on.

 

If you think the fact that I have never traded the KOSPI means I could not be of any assistance to this bloke make a good argument and I might just leave him to his own devices. At the end of the day it doesnt change my P/L in my markets one way or the other.

 

OFM :missy:

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Hi OFM,

 

I day trade Kospi futures. Any questions, your guy has, ask him to post here. I actually use dom a lot, and coded algos around it.

 

I am always interested in learning more about Dom and order flow. You mentioned you know few books. Can you please post their titles here. Probably won't find anything useful in them, but hey you never know.

 

Totally agree that there is not too much info on Dom, tape and order flow out there.

 

Regards,

Alex

 

 

 

Hey Alex,

 

Thanks for the post. I met up with the guy about a week ago. He seemed like he had been in the industry for quite some time, but order flow was still fairly new to him. He was previously using an algo price action breakout strategy (new highs and lows of the session) so click trading in general was a change in pace. I gave him the texts below and put him on track with DD broker and non-filtered feed and the JIgsaw DOM. Also recommended he get some form of footprint & profile tools as well. I did not discuss spread trading at any depth with him. Can you advise if KOSPI has any correlation/ lead lag with any other indexes? I will send him an email and put the link of the thread. Good idea.

 

For books (assuming you have read these or something similar, because they are pretty standard):

 

Market Profile/ Liquidity Data Bank Analysis- CBOT handbook (or anything by Jim Dalton)

Power Based Trading/ Overlay Curve- Don Jones

No BS Day Trading - John Grady

 

There is a lot more to understand, but these are the only books I could find... I think they at least get a person to start thinking about it the right way...

 

Mainly just spruked No BS book to him so that he would understand the cycle of the markets constantly moving in to areas of liquidity. This is the basis of my trading- big money looking for liquidity to enter and exit positions. Obviously you spot in via the nuances on the DOM/ footprint. Eg. More orders hitting at bid and the price moves higher etc. (Very basic example, but you know what I mean- resistance/ divergences etc)

 

Any other books you think would help this guy?

 

 

OFM

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    • Date : 25th November 2021. Market Update – November 25 – Solid US data lifts USD, Stocks, & Yields. USD (USDIndex 96.70) holds on at 16-mth highs; Strong set of US data yesterday GDP (2.1%) up a tick but missed by a tick, Claims (199k) at 52-yr low, PCE (0.4% m/m & 4.1% y/y), in-line & largest since Jan.1991, along with a big beat (5.9%) for GDP Price index, Durable Goods (0.5%) in-line, Personal Spending (1.3%) a big beat, Personal Income (0.5%) a beat, Trade balance a big beat (14.6%) on strong Exports, Inventories (-2.2%) a big miss, but shows demand is strong. Consumer Sentiment a beat and New Home Sales flat (745K) and missed. Stocks & Yields pushed higher, Oil held onto gains and Gold tested 3-week lows.   The FOMC Minutes showed (1) there could be a faster taper than the $15bn/mth currently planned, (2) Inflation could indeed be “persistent” (3) Clear division over 2022/23 rate hike cycle, Doves hold sway for now. US Yields 10yr trades at 1.644%, down from yesterday’s 1.694% high. Equities – Gains into the Holiday USA500 +10.76 (0.23%) at 4701 – USA500.F trades higher at 4713. USOil – peaked at $78.53 Inventories +1.0 vs -1.7 weakened prices – now at $77.65 Gold found a floor at 1782, but struggles to recoup $1800 at $1790. FX markets – EURUSD now 1.1216, having broken 1.1200, USDJPY now 115.36, from 115.50 & Cable back to 1.3350 from 1.3315 yesterday. Overnight – JPY PPI (1.0%) hit a 10-yr high, German GDP and consumer confidence both missed (1.7% vs 1.8% and -1.6% vs -1.0%) respectively. European Open – December 10-yr Bund future up 16 ticks, while US futures are slightly in the red. Bunds already outperformed yesterday, as EZ spreads widened in the wake of hawkish leaning ECB comments & confirmation that German finance ministry will go to the liberal FDP, which likely means more resistance to debt mutualisation across the EZ & more pressure on ECB to limit asset purchases. DAX & FTSE 100 futures are currently up 0.4% & 0.3% respectively & US futures are posting gains of 0.3-0.4%, suggesting markets are coping quite well with the prospect of less accommodative policies. Indeed, it seems to an extent that they welcome the CB’s acknowledgement that inflation risks could be less temporary than previously thought. Today – ECB Minutes, ECB’s Elderson, Schnabel, Lagarde and BOE’s Bailey Biggest FX Mover @ (07:30 GMT) CADJPY (0.20%) The rally from Tuesday’s low under 90.00 has been sustained with 91.25 being tested earlier today. MAs aligned higher, MACD signal line & histogram rising & over 0 line, RSI 61, H1 ATR 0.077, Daily ATR 0.707. Always trade with strict risk management. Your capital is the single most important aspect of your trading business. Please note that times displayed based on local time zone and are from time of writing this report. Click HERE to access the full HotForex Economic calendar. Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE to register for FREE! Click HERE to READ more Market news. Stuart Cowell Head Market Analyst HotForex Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
    • Date : 24th November 2021. Market Update – November 24 – USD & Yields Higher, Stocks Mixed, Oil Recovers. Trading Leveraged Products is risky USD (USDIndex 96.50) holds on at highs; EM currencies under particular pressure. (TRY lost 15% after Erdogan refused a rate rise). RBNZ raised rates but NZD fell (like the last time they raised rates!) JPY Inflation 2 ticks better than expected. USDJPY at January 2017 levels around 115.00. PMI data better across the globe, Stocks mixed in US & Asia, Yields bid, Oil recovered significantly and Gold pressured by yields. Biden invites Taiwan to its “Summit for Democracy”, WHO talks of additional 700k Covid deaths across Europe (Slovakia latest to talk lockdowns). US Yields 10yr trades at 1.667%, down from yesterday’s 1.684% high. Equities Mixed. Musk sold more stock, Banks & Oil majors lead. USA500 +7.76 (0.17%) at 4690 – USA500.F trades lower at 4684. USOil – rallied over 3% to $78.20 highs despite global strategic reserves being sold to cool prices. Gold found a floor at 1782, but struggles to recoup $1800 at $1790. FX markets – EURUSD down to 1.1245, USDJPY over 115.23, earlier now at 114.88 & Cable back to 1.3375. European Open – December 10-yr Bund future up 26 ticks, US futures also broadly higher. RBNZ delivered expected rate hike & markets seem to be scaling back fears of escalating inflation as even dovish leaning BoE & ECB members highlight risk of second round effects. ECB VP Guindos highlighted overnight that the drivers of inflation are becoming more structural, which adds to signals that the CB is finally ready to start reining in stimulus. DAX & FTSE 100 futures currently up 0.3% & 0.2% respectively. Today – Big data day ahead of Thanksgiving Weekend. – German Ifo, US Weekly Claims GDP, PCE, Durables, FOMC Mins. & ECB speak Biggest FX Mover @ (07:30 GMT) NZDJPY (-0.77%) RBNZ in-line but Dovish, sank from breach of 80.00 yesterday to 79.24, and 79.40 now. Faster MAs aligned lower, MACD signal line & histogram falling & below 0 line, RSI 35 & weak, Stochs OS. H1 ATR 0.17, Daily ATR 0.70. Please note that times displayed based on local time zone and are from time of writing this report. Click HERE to access the full HotForex Economic calendar. Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE to register for FREE! Click HERE to READ more Market news. Stuart Cowell Head Market Analyst HotForex Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
    • EURUSD HOVERS NEAR MULTI-MONTH LOW, UNDER 1.1250 LEVEL   EURUSD Price Analysis – November 24 Throughout the session, the EURUSD pair remained on the losing side and was last seen moving with considerable losses around the 1.1250-36 level. The announcement that the White House has opted to reappoint incumbent Fed Chair Jerome Powell for a second term sparked the recent strong dip. The spot is trading at 1.1253 at the time of writing, down 0.25 percent on the day. Key Levels Resistance Levels: 1.1525, 1.1422, 1.1300 Support Levels: 1.1200, 1. 1150, 1.1100 EURUSD Long term Trend: Bearish EURUSD has sunk to fresh multi-day lows, as seen on the daily chart, after extending the recent breach beneath the moving averages 5 around the 1.1300 level. This exposes the possibility of a deeper pullback and a re-test of the psychological support around 1.1200. Under the 1.1200 level, the euro’s underlying bullish attitude is in jeopardy. Overall, the EURUSD stays bearish while trading under the major horizontal support turned resistance and significant level at 1.1422. A breakout of the 1.1300 level, on the other hand, would aim for the 1.1350 level on the way to the 1.1400 zones. The fall of the 1.1200 zones, in the alternative scenario, is viewed as a bearish continuation indicator. EURUSD Short term Trend: Bearish The risk is weighted to the negative on the 4-hour chart, as the pair is developing below the firmly bearish 5 and 13 moving averages. Technical indicators have shifted to the downside, with negative levels. However, in the present scenario, the RSI has not yet reached oversold territory, allowing for more selling. On the upside, a break over the modest resistance level of 1.1300 might shift the intraday bias to neutral. On the downside, the 1.1200 zones provide initial support. The next important level of support is around the 1.1150 mark. If there are any more losses, the 1.1100 extension level of the low decline may be tested. Source: https://learn2.trade 
    • IS IT RATIONAL TO SETTLE FOR 10% RETURNS PER MONTH? “One of the secrets few know and fewer implement when it comes to trading success is that you have to really care about doing well. These days, I see a lot of traders not caring enough, not prioritizing learning about trading, and making pathetic weak-willed excuses.” – Chris T. Perfectionism – a bane of the trading world When people look for a solution to their trading problems, they tend to look for the solution in the wrong places, having the wrong mindset. One problem with most traders is perfectionism. For instance, we tend to go to those who promise us 50% to 100% per week or month. If someone gives an estimate of 5% profits per month, we would think that is too small. If an investment salesperson promises huge returns in a short period of time, we’re drawn to them. What if I tell you that 5% per month is good returns on your trading or investment, would you agree with me? Is 60% growth per annum not good enough? Many years ago, one of my mentors in the financial industry told me that, even 20% growth per annum is good. In schools, we tend to ridicule those who make average grades and praise those who make excellent grades. The same is true of the world of sports. Do you think great sports teams win all their matches always? No! But they do well over time. Are 10% gains per month too low? Now let me ask these questions: How much percentage do you earn on your savings account per annum? How much do you earn on your fixed deposit account per month? How many people can pay off their mortgages within one year? If you buy a bus, to use for commercial purposes, is it easy for you to recover your money in one year? Can you buy a property and sell it for 100% profit within 10 months? If you found a startup, how long do you think it would take you to start making profits? Please attempt to answer these questions yourself, based on real-life experiences. Now, back to the question that makes the last subheading: Are 10% gains per month too low? Why do we tend to be unrealistic and fallacious when it comes to online trading? Making 10% returns per month from Learn2.trade crypto signals One good thing about the margin trading of cryptos is that you can make money, both in bull and bear markets. You don’t make money only when the price is going up. If your timing and methodology are right, you can predict a downward movement or an upward movement and participate in them. Learn2.trade provides quality crypto signals to interested traders. Each signal comes with stop loss and take profit targets. Sometimes a trade is closed before the stop or the target is hit. We use 5 types of orders for the crypto signals. They are Instant Execution, also known as Market Execution, Buy Limit, Sell Limit, Buy Stop, and Sell Stop. Generating an average of 2 – 3 signals per day, we also use risk settings that are usually around 1% per trade and we attempt to gain more than we risk. As these signals are sent, we ensure that we also use them, practicing what we preach. Learn2.trade crypto signals – recent performances Please check the image below to peruse what has been made recently. You see can that we use stop loss, and use small lot sizes, relative to the size of the accounts. It just doesn’t make sense to bet too big on an individual trade. You can also see that we have both losses and profits. However, our average profits are bigger than average losses. That is the pedigree of a viable/ promising strategy: Make more money than you lose. Therefore, losses and drawdowns are also tightly controlled so that they don’t have significant effects on the account. These kinds of drawdowns are shallow, for recovery and eventual growth always happen. The markets are difficult but profitable Making consistent, regular profits from the market is hard, but success is possible. When the markets prove difficult, then we only need creative approaches. Markets will continue to prove uneasy and tough, but we will continue to make profits from them, no matter what. We target 10% profits per month, though we make more than this in most cases. 100% profits every 10 months is an enviable achievement. If 10% gains per month are compounded, the results in a few to several years will be amazing. Yes, you should be aware of the power of compounding. Join us today, in this journey of regular, monthly profits. Please see the image above, to know relevant metrics and figures of the recent results of the strategy behind the signals. You can join us here for, few free crypto signals per week: For Cryptos. Or you can hop in, and become our VIP right away, and enjoy all our crypto signals, up to 3 signals per day. Get access to the ability to make 10% or more per month. You can monitor our crypto signals trading performances here: L2T Crypto Signals on MyFxbook   Source: https://learn2.trade   
    • Yes trading currencies is much more risky than trading stocks, since they're not supported by central bank policy efforts but instead freely fluctuation in a very random fashion. Profits can create wrong impression that you learned how to trade but often it is just the product of pure luck. 
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