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DAX (Germany 30)

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Why go to another forum when you could have learnt all about it on this one?  oh wait, was it because another 'system' that tried to play all market conditions had crashed and burned?

 

dk1.PNG

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But you don't have a system any longer, it is now completely flexible and discretionary;

 

- dax and dow long and short options.

- long only options.

- long only off support only.

- long only off support DFB.

- dax and dow long and short options. 

 

I told you you would end up going round in a complete circle changing the system to chase changing market conditions.

 

Confirmed, a single system cannot work in all market conditions. Please let the community know by clicking the 'Solution' tab.

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You missed the

 

fx options .

ftse 

 

you missed trend line trades, trend entries and price action trades.

 

I have a system comprising the following

 

- dax and dow long and short options.

- long only options.

- long only off support options only.

- long only off support DFB.

 

This was a simple trend line, price action and technical analysis trade.

 

ftse price action 2.jpg

 

 

 

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Thanks for making my point more clear, your 'system' now has so many changes and add-ons that it is totally discretionary and no longer a system at all. All this was necessary because your 'system' never worked in the first place.   

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All this is a professional system ,with variations to suit market conditions.Each segment of the system is a tool like a hammer,screwdriver, saw, drill etc.

 

You can't use a saw ,when you need a screwdriver, in your case you think one tool should do the job.

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Glad that you have finally seen the light and recognise one system can't fit all market conditions but calling it a 'professional' system when you just made most of it up over the last few weeks is a bit grandiose isn't it. Especially when you are still working off a minimal account, oh wait, I was forgetting about the newly disclosed 'secret' account.

 

 

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The dax broke down out of it's 2 day range yesterday which looks like a channel top on the daily chart. Price is now stuck between The 100 and the 200ma on the hourly chart and unable to choose a direction.

 

 

GER30(£)Daily1101.pngGER30(£)H11101.png

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I thought a system can't be subjective or discretionary. Has to have a criteria and you just take it or not. No psychology required: In when criteria met and out when not met.

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Hi   A discretionary trader decides, at their desecration, whether to enter a trade or not though they still will have a list of requirements as to ascertain whether they think the trade is viable or not. Take for example oilfxpro's options 'set and forget' was an attempt to avoid the issue by setting a morning ya or na simple decision making process, sadly it has all come to nought and now has morphed to become a total discretionary system. This is also known as 'system hopping'. 

 

Absolutely no psych requirement can only be achieved by black box or EAs but as OFP himself admitted on this forum nearly 2 years ago nether can produce a system that can cope with all market conditions unless it is a simple HFT system that follows a very tight moving average far faster than a human can.

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Situation

 

Systems don't work, either because traders find it difficult to follow them, or they fail because captain hindsights  based them to work in the past. When you trade in the time machine they work.

 

Take for example the current bull market, the short based traders on U S indices are having their short long systems annihilated on the short side.

 

Successful trading requires tools or systems (as you call them) within systems, i.e multiple sub systems in a major system, these sub systems are applied depending on type of system set up.

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Your charts, even after 2 years, remain impossible to decipher even when enlarged, you hide price action under a a storm cloud of indicators, but you also claim indicators don't work.  

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Price action is like trying to guess the winning slot on a roulette wheel.Welcome to spread betting, government classes it as gambling.

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Volatility in currency has been low for over a year so take your skills to the market which best suits. 

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Change your drawers several times a night 

 

It is 22.52 

 

How many times are you going to change yours tonight?

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What are you even talking about, oh, running out of your usual drivel, now falling back onto your usual nonsense.

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Sorry to have to break this to you but after you have spent 2 years full time trading you still only have a (self confessed) £1000 account, For the sake of your own financial future just go and get a proper job. Best wishes. 

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Yesterday morning dax was trapped between the 100 and 200MA with no hint of direction (even the dow was sideways, any prediction would have been a coin toss). After a brief excursion down price has now returned to to that zone, the difference now is that dow has taken off.

 

GER30(£)H11201.pngUS30(£)H11201.png

 

 

 

 

 

 

 

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