Jump to content

Method using daily and weekly options to trade free anylysis


Guest oilfxpro

Recommended Posts

Guest oilfxpro

warren.gif

 

Here is a link to some good analysis

 

https://www.ig.com/uk/indices-news/2017/11/23/levels-to-watch--ftse-100--dax-and-dow-40821

 

anylysis at i g

 

I don't use current analysis thoughts or beliefs in my trading.I use a supports entry system, where I buy at support levels.The resistance  levels  are used for short trades

 

Daily options Method
This method uses  daily options .Every cash trade is hedged with options , if long cash I buy a long put at the money or near the money is bought ,with a maximum risk of 30 ticks /usually aim for 20 or 10 ticks.It is important to manage this risk with options  as options limit risk, and because profits are expected to be small like 20 ticks.

short positions
if short cash , buy a long call at the money or near the money is bought ,with a maximum risk of 30 ticks /usually aim for 20 or 10 ticks

I G OPTION.jpg

Weekly method 
The starting risk on weekly options is 60 ticks .Every cash trade against weekly options is hedged with options , if long cash a long put at the money or near the money is bought ,with a maximum risk of 60 ticks /usually aim for 40 or 30 ticks.It is important to manage this risk , because profits are expected to be small like 40 ticks.

Daily Method single options.I may change this daily method to buy only options occasionally.
Sometimes there will be opportunities to buy options for 12 ticks , In place of doing hedged trades .

This method is long biased and aims to buy at supports , supports do get broken in the short term , but the options enable the trades to be kept open for the rest of the day .There several types of supports including horizontal, diagonal , channel and trend line .The stock market indices are long biased.During trends I trade diagonal , channel and trend line supports.

Clipboard02.jpg

 

Link to comment
Guest oilfxpro

The stock market indices are long biased.During trends I trade diagonal , channel and trend line supports.

 

I look for support areas to buy call options.

 

 

Link to comment
  • 1 month later...
Guest oilfxpro

Professionals manage risk

 

Professionals focus on limiting risk and protecting their capital. Amateurs focus on how much money they can make.

 

IG's options allow me to limit risk, as an example price falls 500 ticks,  I don't use stops, with a 30 tick cost put option on daily,  my risk is limited to 30 to 40 ticks..After deducting the option cost, my profit  can be several hundred ticks  if  I  decide to run my profits.

 

https://profitabletraders.wordpress.com/professionals-manage-risk/

 

Here are open trades on a live account showing real trade examples

 

live trades.jpg

 

I have just closed the trades on dax for 20 tick profit  

 

See below

 

closed.jpg

 

Why do I post ?

 

Successful profitable trading is boring and I am bored most of the day  I mean 99 % of the time.I place my trades and have nothing to do all day.

 

 

Professional traders  find trading is boring , because they rarely trade  and are usually bored with the market.The market rarely offers them good exciting trading opportunities ,they don’t exist everyday or every week in the markets , they are sitting bored.

 

 

 

 

Link to comment
Guest oilfxpro

Here is benefit of options

 

I took the trades early today, but missed the exit in the morning.I did not use a stop , but used options.The options kept me in the trade for the whole day, stop loss trader would have been taken out.

 

benefit of options.jpg

Link to comment
Guest oilfxpro

I have been profitable  for 6 months , but I am still trying to master the intraday mindset, to be able to follow  my method with discipline  and stress free.I have been on training course just try only to follow ,this type of trading and not be sucked into non method trades.Last week twice I got sucked into non method trades in eur/usd, as a result I have deleted currency charts from my platform.

 

The method I use is very good and profitable, the issue is the mindset which I am programming and training at the moment.I am going to trade larger amounts like 10  to £100 per tick and higher, once the mindset is ready.The method is scale able because IG  can cover their much higher risks in the market. 

 

I am not bored at the method, instruments I trade (Dax and Dow), I am bored because once you put on a trade, there is nothing to do until the market moves, gives you your profit or you close the trades and start again.

 

Trading this is very easy, I am training the mind, to be able to trade this method subconsciously without mistakes.Making option decisions, without thinking and automatically will not be easy for another trader.Until a trader has practiced this type of trading for months on demo , he will not see the whole picture.There are different types of strategies I use on different occasions.

 

Profitability is not the issue, money is not the issue, it is the enemy within that is the scary.This type of set and forget trading reduces the risks of psychological demons being aroused.

 

 

Link to comment
  • 1 month later...

Archived

This topic is now archived and is closed to further replies.

  • image.png

  • Posts

    • Imagine stepping into a world where every game you play is not just about entertainment, but about unlocking real rewards and experiences that resonate with you on a personal level. That's the magic of Game-Fi projects, where the boundaries between gaming and finance blur, creating an immersive universe where players are not just participants but pioneers of a new era. In the midst of this gaming revolution, there's a project that's been making waves for all the right reasons: NADA Protocol $NADA. Recently, I found myself diving deep into the realm of emerging Game-Fi projects, and NADA caught my eye like a hidden treasure waiting to be discovered. It's more than just another token; it's a symbol of possibility, offering gamers a glimpse into a future where their passion translates into tangible rewards. Let me take you on a journey through the world of NADA Protocol, where innovation meets excitement, and where every move you make could be the key to unlocking a world of endless possibilities. 1. Rewards Beyond Imagination: NADA Protocol isn't just another token; it's a ticket to a world where every move, every triumph, is rewarded. Imagine playing your favorite games and earning tokens simply for doing what you love. With NADA, that dream becomes a reality. 2. Trailblazing Roadmap: What sets NADA apart is its ambitious roadmap, charting a course towards a future where gaming and rewards intertwine seamlessly. With plans to integrate into future games, early adopters of the native token stand to reap massive rewards down the line. 3. Korean Innovation: Behind the scenes, NADA is powered by none other than NADA Digital Co., Ltd., a powerhouse in the Korean gaming industry. With a proven track record and global recognition, NADA Digital Co., Ltd. brings a level of expertise and reliability that sets NADA apart from the competition. 4. Global Validation: It's one thing to dream big, but NADA has the track record to back it up. With a presence in the global market and validation from players worldwide, NADA isn't just a promising project – it's a force to be reckoned with. 5. Exchange Expansion: The anticipation builds as NADA gears up for listing on top exchanges like Bitget. With increased accessibility and liquidity, NADA is poised to make waves in the Game-Fi space, captivating audiences and investors alike.  What are your thoughts, let's discuss? 
    • Hi There - Any update on this??? Or is it time to move my accounts to a platform that can provide DRIPs?
    • Hi There - Any update on this??? Or is it time to move my accounts to a platform that can provide DRIPs?  
×
×
  • Create New...
us