Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

firewalker

Live Indices Trades

Recommended Posts

LOL Deliberately keeping trade size small at the moment...although will increase it a bit next week....Still think in terms of points though..

and the addition of contract trades will add to my margin use also...

 

While there is considerable discretion for me in terms of cash trades...

try to keep with the smaller trend if not the bigger one..plus times of day I avoid...etc etc...

 

I want to be more mechanical with contract longer trades..( ie dont think too much...Signal-and -act)

To be clear I still only expect to have them 24 hours...or less..so long term relative... so perhaps up to 10 cash trades per day per index(ftse/dax) (5 for Dow)...and 1-2 Contract trades...

 

Goven I can really only look at 2 indexes at a time...tend to do ...ftse and dax 7-1...then switch over to Dax and Dow 2-7ish.. And I do take several hours break at differnt points during the day...in case you think I am screen staring for 12 hours per day..

 

Anyone else like to run through their methodology... basic set ups up etc...

Oh and lastly my smallest chart time frame....now 15 mins!!

 

Very impressive performance Foale - especially from not going lower than the 15 minute................

 

It will be interesting to see how you get on as you raise trade size. For me my performance in terms of points tends to go down as the stake size increases. I am happy to grab 10 points at a decent size whereas if it was only £5 per point I would be more likely to let it runthan see it go 10 points against me. The flip side is that you get more free time and I think I come to the screen refreshed each day rather than sitting for hours and hours.

 

Still - horses for coures etc - look forward to seeing how you get on !

 

(BY the way - how does everyone else get on when increasing size ?)

Share this post


Link to post
Share on other sites
Very impressive performance Foale - especially from not going lower than the 15 minute................

 

It will be interesting to see how you get on as you raise trade size. For me my performance in terms of points tends to go down as the stake size increases. I am happy to grab 10 points at a decent size whereas if it was only £5 per point I would be more likely to let it runthan see it go 10 points against me. The flip side is that you get more free time and I think I come to the screen refreshed each day rather than sitting for hours and hours.

 

Still - horses for coures etc - look forward to seeing how you get on !

 

(BY the way - how does everyone else get on when increasing size ?)

 

 

STill find it a struggle to hold on though...went it starts going my way...this am no exception...was short Ftse at 60 early doors....closed far too early

 

One problem with larger size in the past is that you need a larger account...

easy to trade away at £5pp say...make some money...then move to £10pp on not much bigger size...and margin over used. I like to trade at a level that margin not a factor...in the decision making process

Share this post


Link to post
Share on other sites
STill find it a struggle to hold on though...went it starts going my way...this am no exception...was short Ftse at 60 early doors....closed far too early

 

One problem with larger size in the past is that you need a larger account...

easy to trade away at £5pp say...make some money...then move to £10pp on not much bigger size...and margin over used. I like to trade at a level that margin not a factor...in the decision making process

 

 

....also if you are long ftse and dax in the cash and Contract trades...of course its 4 positions...and that even if goes against you slightly... start to feel it... sooner than later...

Share this post


Link to post
Share on other sites
....also if you are long ftse and dax in the cash and Contract trades...of course its 4 positions...and that even if goes against you slightly... start to feel it... sooner than later...

 

I like to get out as soon as it turns against me..............dont like taking the pain............

 

Do you use indicators foale ?

Share this post


Link to post
Share on other sites
I like to get out as soon as it turns against me..............dont like taking the pain............

 

Do you use indicators foale ?

 

Yes I do...support and resistance...but increasingly my tailored stochashic..

which can be dangerous... as stretches as you know..

I have learnt to master it of late though..once in a trend its very good ..

 

Also declutered my screen... got and am screen (ok 3) set up and a pm one...helps me move on...

 

Mondays/Friday I have a smaller profit target as other distractions are around..I look for basic set ups..and spend more time flat...

 

Just plugging away at those points....

Share this post


Link to post
Share on other sites
I like to get out as soon as it turns against me..............dont like taking the pain............

 

Stohastic helps me manage the pain...but I like you dont really like it and if underwater I need to see a clear change on the horizon or I tend to reverse...

Share this post


Link to post
Share on other sites
LOL Deliberately keeping trade size small at the moment...although will increase it a bit next week....Still think in terms of points though..

and the addition of contract trades will add to my margin use also...

 

While there is considerable discretion for me in terms of cash trades...

try to keep with the smaller trend if not the bigger one..plus times of day I avoid...etc etc...

 

I want to be more mechanical with contract longer trades..( ie dont think too much...Signal-and -act)

To be clear I still only expect to have them 24 hours...or less..so long term relative... so perhaps up to 10 cash trades per day per index(ftse/dax) (5 for Dow)...and 1-2 Contract trades...

 

Goven I can really only look at 2 indexes at a time...tend to do ...ftse and dax 7-1...then switch over to Dax and Dow 2-7ish.. And I do take several hours break at differnt points during the day...in case you think I am screen staring for 12 hours per day..

 

Anyone else like to run through their methodology... basic set ups up etc...

Oh and lastly my smallest chart time frame....now 15 mins!!

 

If you're using 15m candles for relatively short span trades, doesn't that mean you're watching them as they form (price action), in which case you might as well use 5 or 3min ones? Just curious.

Share this post


Link to post
Share on other sites
If you're using 15m candles for relatively short span trades, doesn't that mean you're watching them as they form (price action), in which case you might as well use 5 or 3min ones? Just curious.

 

 

Well I am coming from a background of 5 min bars...so find it difficult to change..to holding longer...but if I have 5 min bars I definately wont be letting them run...

 

This way I ONLY have to learn to let the longer bars dictate my thinking...and I will be making a lot more points each time... not finding it easy...but for me its the way to go I will get there...

 

wish my kid was a bit older then he could say... BUY SELL and more importantly.. "LEAVE it DADDY !" cos the signals work...

 

Also I am more stoccy and less bars orientated...so whether 5 , 15 or 60 not so important...

Share this post


Link to post
Share on other sites

Its not often I go waway from the screen and it works out...

but my short...ftse and Dax did me proud......

 

Sorry I closed my short Dow but....cant complain...

 

All flat now

 

 

Hi drlicks....

Share this post


Link to post
Share on other sites
So what caused that fall oil back at ....$142

 

Freddie Mac (FRE: 11.24, -3.26, -22.48%) plunged 20% on heavy volume as the government-backed mortgage borrower tumbled to 14-year lows. There was no official news on Freddie Mac on Monday but Frederic Ruffy, options strategist at WhatsTrading.com pointed to worries about the company's stock sale plans. "The options market is bracing for big time volatility in" Freddie," said Ruffy.

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Similar Content

  • Topics

  • Posts

    • DXCM Dexcom stock, great day off the 69.73 support area, from Stocks to Watch at https://stockconsultant.com/?DXCM
    • Depressions aren't real either... ??
    • Dear B4 #42, I heard you can't get out of bed and decided you were going celibate and shaved your head and “reconsidered” having children.  If it took Trump getting elected to get you to stop fkn every Dum, Harry, and Dick you meet, we’ll take it.  thx Sincerely just sayin’ zdo PS To all the other girls I loved B4 - https://www.youtube.com/watch?v=rVq0ONrSH-Q 😚
    • MDB MongoDB stock watch for a range breakout at https://stockconsultant.com/?MDB
    • Date: 12th November 2024. Market Buzz: Trump Trade Impact! “Trump trade” has boosted the US Dollar and US stocks, but Trump’s policies may have less favorable effects on global assets. Trump’s plan to raise tariffs is expected to negatively impact economies worldwide, especially exporters like China. Asia & European Sessions:   Bitcoin Surge! Bitcoin broke $90K, driven by Trump trade once again. Bitcoin is up roughly 110% in 2024, helped by robust demand for dedicated US ETFs, interest rate cuts by the Federal Reserve and Trump’s cryptofriendly agenda. Crypto market capitalization has exceeded its pandemic-era peak, reaching $3.1 trillion. Traders are betting on Bitcoin reaching $100,000 by year-end, according to data from the Deribit exchange. Open interest — or outstanding contracts — for CME Group Inc. futures for Bitcoin and second-ranked Ether (ETHUSD) scaled records on Monday, a sign of growing engagement by US institutional investors. Asian shares dropped, alongside European and US equity futures, as traders evaluated the implications of President-elect Donald Trump’s policy agenda and potential cabinet choices. The MSCI Asia Pacific Index fell for a third consecutive day, driven by rising Treasury yields amid concerns that Trump’s proposed tax cuts could increase inflation. There are also reports that Trump is considering two individuals for prominent roles in his administration with track records of criticizing China. DAX and FTSE100 are down -1.1% and -0.5% respectively, after a pickup in German HICP inflation and higher than expected UK wage growth dampened easing expectations. Investors await the US CPI report for insights into the Fed’s easing path, as Trump’s inflationary policies may lead to fewer rate cuts. Financial Markets Performance:   The USDIndex continues to rise and is currently at 105.75. It hit a 1-year high. EURUSD drifts to 1.0620 and GBPUSD is in a sell off, currently at 1.2800. Oil prices fell after their biggest 2-week decline, amid a weak demand outlook from China, a stronger US Dollar, and concerns over a potential oversupply. Crude oil has traded within a narrow range since mid-last month, influenced by Middle East tensions, the US election, and OPEC+ output decisions. Gold remains under pressure and is currently at just $2604.36 per ounce. It hit a one-month low, down 5% since Trump’s election victory, as a strong dollar and US equity rotation pressured the metal. Gold’s decline was also technical, breaking below the 50-day moving average, causing funds to cover long positions. Despite recent drops, gold remains up 25% for the year, supported by central bank purchases and geopolitical risks. 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 HFM Economic calendar. Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding of how markets work. Click HERE to register for FREE! Click HERE to READ more Market news. Andria Pichidi HFMarkets 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.
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.