traderboi29
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need some help from the old and wise, just wondering which markets you guys would concentrate on and why? currently contemplating between S&P, EuroStoxx and the Bund.
S&P 500, EuroStoxx 50 or German Bund
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Technically Fundamental
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Whichever market the rest of your Amplify Trading colleagues trade
traderboi29
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problem is we have a choice of which we have to stick to, so im just wondering which is better..........?
A Dashing Blade
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Bund is lower margin Stoxx has more movement but you can still trade 100's and get a fill
Advantage with these it that, apart from the obvious US economic data influeneces, there arn't many numbers (2?) per month that impact.
With the stoxx, you often get nice moves at 08.00 when the equity & options start trading (Stoxx futre starts at 07.00)
S&P . . . it's not in a eurpean timezone.
Advantage with these it that, apart from the obvious US economic data influeneces, there arn't many numbers (2?) per month that impact.
With the stoxx, you often get nice moves at 08.00 when the equity & options start trading (Stoxx futre starts at 07.00)
S&P . . . it's not in a eurpean timezone.
Can't speak with a great deal of authority on this, but I would have thought the spreading options were better on the bund (calendar's / Schatz / Bobl etc) than the Stoxx or ES. Gives you a little more flexibility IMO.
Also, if you are going to be scalping, get the lowdown on the costs per RT.
Also, if you are going to be scalping, get the lowdown on the costs per RT.
arabianights
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I was going to answer, but I'm neither old nor wise
traderboi29
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well still like to hear your opinion?
traderboi29
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guess that makes the S&P the obvious winner then? yeah im aware that i will be trading at about 2ish for the S&P
arabianights
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I say do bund. FI is much better than indices.
traderboi29
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yeah RT is really low so thats good..........see some people say you don't get much movement on the bund, which leaves the Stoxx and the S&P, which would you choose out of these 2 if you had too?
traderboi29
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can you explain why? just so that i can make up my mind.........
arabianights
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out of said two I would honestly choose by when I preferred to wake up... personally the worst thing about being a trader is setting my alarm for half five am... so I'd be all over S&P. But if you are an early bird go for stoxx of course...
traderboi29
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hahaha..........you know what, i was thinking the same thing, aint too keen on the bund cos of the 7am start which means 5.30am wake ups, so was thinking S&P.....gives me time to get up and have a nice breakfast!
arabianights
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imo either the bund is obviously trending, or it is obviously ranging... and in either situation it is pretty easy to trade if only you make certainingy on one cut.
traderboi29
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cool, thanks for that AN
IMO trade the Bund, more of a technical contract to trade. It has a lot about it in the sense that many other things impact upon it and thus there is a lot to learn, which is great if you're interested in it. "Bund no movement" - WOW!
S&P very very choppy, especially with the stops that you'll be working with. However, it's easier to get to grips with why you have some of the moves since thinking about what affects the spoos is somewhat simpler...I stress the somewhat.
Basically, you ask a random in the street what the S&P is and they'll tell you it's stocks. If you ask someone what a Bund is (or even a bond), they'll most likely have no idea.
S&P very very choppy, especially with the stops that you'll be working with. However, it's easier to get to grips with why you have some of the moves since thinking about what affects the spoos is somewhat simpler...I stress the somewhat.
Basically, you ask a random in the street what the S&P is and they'll tell you it's stocks. If you ask someone what a Bund is (or even a bond), they'll most likely have no idea.
It also depends on the style of trading you are going to be doing - if you're going to be scalping from the orderbook, then I would echo the point that the spoos can be choppy - however, if you're looking to run your "book" a week at a time, then it becomes attractive because you can do more size.
Only a few weeks ago the stoxx had a 19 tick range (can't remember when, but I can remember complaining about it at least). In terms of index contracts, it has the deepest market of the European indicies, but can be dull (very dull).
Yet another point is the quality of information you are going to have (assuming you will be short term trading) - today is an excellent example - Durable Goods and Auction results. The former are easier to get your hands on than the latter, but equally important in their "respective" markets.
Only a few weeks ago the stoxx had a 19 tick range (can't remember when, but I can remember complaining about it at least). In terms of index contracts, it has the deepest market of the European indicies, but can be dull (very dull).
Yet another point is the quality of information you are going to have (assuming you will be short term trading) - today is an excellent example - Durable Goods and Auction results. The former are easier to get your hands on than the latter, but equally important in their "respective" markets.
DaxDestroyer
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IMHO
Your trading style should be the reason to choose a market, not when you like to get up.
This is work, so decide yourself, whether you want to put the effort.
Your trading style should be the reason to choose a market, not when you like to get up.
This is work, so decide yourself, whether you want to put the effort.
I very much doubt that you're going to be scalping - scalping is tricky at the best of times, let alone at home on a standard broad band connection. You'll be position trading in either market you choose and not over a long time period, anything from 5 mins or less to half an hour. And for that reason I'd choose ze Bund.
You should be taught how to trade it technically (maybe using Market Profile), how to trade news, auction results (plenty of those at the mo!) and you should learn to understand the fundamentals; so how the bund reacts to data on interest rates, inflation and growth, which you can glean from data on unemployment, ZEW, CPI, PPI, Durable Goods, jobless data, retail sales, economic sentiment, Philly Fed, ISM, IFO, GDP...the list goes on and on. There's sooooooo much to the bund.
You should be taught how to trade it technically (maybe using Market Profile), how to trade news, auction results (plenty of those at the mo!) and you should learn to understand the fundamentals; so how the bund reacts to data on interest rates, inflation and growth, which you can glean from data on unemployment, ZEW, CPI, PPI, Durable Goods, jobless data, retail sales, economic sentiment, Philly Fed, ISM, IFO, GDP...the list goes on and on. There's sooooooo much to the bund.
