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Profitable 100 ticks weekly Dow Dax daily options strategy

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Today  I  have a long  13090 call for 35 , it is most likely to be a loss.A cash long at 1.3076 with a stop at 1.3045, this trade is not part of my system, but a trend trade.

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added 13020 calls for 32.4  SHORT TERM SUPPORT LEVEL

closed above  for + 20 points  profit

 

long dow 23424  and put 23400 for 27

 

 

 

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Couldn't be more pleased for you   though I notice that resistance level at 13096 in the dax held again.

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"75 %  of the time it works". Not in a downtrend it doesn't, nor during a period of consolidation. Select your strategy to suit the prevailing market conditions. 

 

https://www.dailyfx.com/forex/education/trading_tips/daily_trading_lesson/2012/06/15/How_to_Build_a_Strategy_Part_1.html

 

This is not what a up-trending chart looks like, and therefore cannot be conducive to a bull-trend trading strategy.

 

GER30(£)H11711.png

 

 

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Casey 

 

I don't trade like the herd i.e buy high and close lower, trend trading means sell lower and getting stopped out higher  at a loss.This is for amateurs  and the herds. 

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dax 12880 calls for 42

 

closed for  72   = 30 profit+++++

 

 

Not many traders can post trades in advance , all the clowns post hindsight results  and hindsight technical anylysis.

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long dow 23294 put 23280  for 28

 

Above trade closed for +20

 

I don't teach  I trade.

 Those who can, do; those who can't, teach

 

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It's just that we remember the last infallible strategy you found on the internet and made equally boastful remarks about. It failed miserably. Still, best of luck this time round.

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Casey

 

It never failed, it is akin to trend trading,  that is why M Covel sells trend trading education.This trend trading,if it worked, if  it was easy  HE WOULD BE TRADING IT.

 

trend education courses

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bought 23360 call daily for 18.8   DOW

 

 23360 is friday support

 

closed for ++++++25   profit

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Looks interesting. I suppose in a bear market you could reverse the strategy & trade off resistance?

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sean2

 

The stock markets are long biased, would you make a profit trading shorts?I don't trade shorts because the probability of making money on shorts is low.Secondly failure of shorts arouse psychological demons.

 

People sell trend trading education and courses, because they can't make money timing the markets and 80% of trends fail.Trends are visible only in hindsight.

 

http://www.trade2win.com/boards/general-trading-chat/224518-why-good-traders-get-banned-3.html#post2926796

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sean2

 

The stock markets are long biased, would you make a profit trading shorts?I don't trade shorts because the probability of making money on shorts is low.Secondly failure of shorts arouse psychological demons.

 

People sell trend trading education and courses, because they can't make money timing the markets and 80% of trends fail.Trends are visible only in hindsight.

 

 

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Of course you are right .  Check the bigger picture to make sure you are not going against the prevailing market conditions.  is also right but not 80% of trends fail, 100% fail. All trends come to an end when they consolidate or reverse.

 

Note the dax monthly, 3 year downtrend 1999 - 2002, 1 year downtrends in 2007 & 2010 & 2014.

 

So check the market on 3 or 4 time frames up from the one you are trading and either choose a market to suit the strategy or choose a strategy to suit the market. 

 

 

GER30(£)Monthly.png

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Interesting to note that both Gann & Livermore made fortunes on "shorting" the market. Not taking anything away from what you are saying. Just making an observation.

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"So check the market on 3 or 4 time frames up from the one you are trading and either choose a market to suit the strategy or choose a strategy to suit the market."

 

 

Couldn't agree more.

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sean2

 

Usually by the time you see a trend , it is too late to enter, it is usually reversing 80% of the time.

 

choose a strategy to suit the market.

 

This strategy is about implementing positions for short term longs, along with the vast majority of the market.

 

Successful trading is about being in agreement with the market, and being in agreement with other professional traders.Long trades on indices have an edge , short trades do not as per some data, 67% of long trades were profitable.

 

http://www.trade2win.com/boards/indices/223440-edge-set-forget-indices-trading.html

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I understand the strategy & I appreciate your posts & time. Personally I adhere to the realization that there isn't one strategy to fit all conditions. I've made decent gains in bull & bear. I'm also a firm believer in doing what suits you best and what makes you profit. screenshot_2085 Jan. 29 15.43 (2).jpg

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