Options and Futures Trading Broker

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Relativity
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Options and Futures Trading Broker

Postby Relativity » Sun Mar 06, 2011 5:28 pm

Just wondering : does anyone know any broker that provides demo accounts Options and Futures Trading?

I don't know much, but maybe it might be worth taking a look (that the volume information and maybe market depth is presented differently?), since I heard EURUSD is tradable via Options/Futures. If such information can provide an edge, why not look into it? I do appreciate any help in advanced. Thanks!

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tmanbone
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Postby tmanbone » Sun Mar 06, 2011 6:02 pm

"The simplicity of the markets is it's greatest disguise"

T

Relativity
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Postby Relativity » Mon Mar 07, 2011 2:21 pm

Thanks a lot!

After trying out the demo, I figured my objectives are:

1-To see if looking at the ratio of Open Interest VS Volume in the future's D1 chart will increase our probability of trading the D1 wick (in other words, rat zone trading). All markets are interrelated/correlated in someway.

2-Because of point 1 plus the fact that Futures and Options are markets that are inherently bearish in nature. No idea about Forex since it wasn't really clearly stated in the book. Hence always trading short gives us an edge. I want to investigate this statement. Seems to be the case since after looking at all my successful trades, a huge amount of them are shorts.

Got these 2 ideas from Trading Rules that Work: The 28 Lessons Every Trader Must Master by Jason Alan Jankovsky.

Anyone has anything to add/criticise?
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FX.png
FX.png (186 KiB) Viewed 5517 times
Last edited by Relativity on Mon Mar 07, 2011 4:44 pm, edited 1 time in total.

Relativity
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Postby Relativity » Mon Mar 07, 2011 4:31 pm

There is something consistent here that's maybe tradable? Hmmm....

http://www.nasdaq.com/investing/forex-open-interest.stm
http://www.investopedia.com/articles/tr ... 102203.asp

Volume = Number of Transactions Liquidated so far
Open Interest = Number of Open Contracts

Current D1 Volume is 90% of Current D1 Open Interest + Price in Rat Zone = Safe to trade

Still cracking my head to understand! Anyone with futures/options experience here? If any correct, then I will run stats for the pairs to see if the interpretation is valid.
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audusd futures.png
audusd futures.png (166.18 KiB) Viewed 5512 times
eurusd futures.png
eurusd futures.png (166 KiB) Viewed 5512 times
Last edited by Relativity on Tue Mar 08, 2011 2:55 pm, edited 1 time in total.

Relativity
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Postby Relativity » Tue Mar 08, 2011 2:41 pm

Waiting for EURUSD volume to near 90% of open interest.
90% of 40000 = 36000
Almost there, currently at 35000

Update : 36000 Reached
EUR/USD Long
Open 1.38781
Stop 1.38677
Limit 1.39081
Open Time (Broker Time @ UTC) 8/3/2011 10:06
At +7, wow I really don't feel and see ANY whipsaw! (Broker Time @ UTC) 8/3/2011 10:20
At +15 , very nice.. 8/3/2011 10:51
At +20, moved TP to 1.39281 8/3/2011 10:55
+13 WIN (Broker Time @ UTC) 8/3/2011 11:20




Waiting for GBPUSD volume to near 90% of open interest.
90% of 19400 = 17500
Need to wait for 2000 more

Update : 17500 Reached
Long GBP/USD
Open 1.61576
Stop 1.61466
Limit 1.61876
Open Time (Broker Time @ UTC) 8/3/2011 11:06
+10 WIN (Broker Time @ UTC) 8/3/2011 11:32
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Relativity
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Postby Relativity » Thu Mar 10, 2011 11:39 am

Learning how to use Time and Sales + Market Depth + Volume/Open Interest ratio to gain the edge. So far I say, its working. Will take my quite a while to learn how to 'read the tape' correctly.
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