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DAX WEEKLY OPTIONS SET AND FORGET STRATEGY

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not much volatility expected this week.premiums 167 for 4 days  tuesday to thursday 

 

 

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Hi

 

I have read this entire thread but have not seen any updates after 1stJune2016, so am not sure if it is still live or not?

What I have understood about this "BUY and FORGET WEEKLY OPTIONS" strategy is the following:

 

BUY straddle (CALL/PUT) at same point near to DAX position (say 10700)

 

Then from point of putting this:

 

IF market drops 150 points (say DAX at 10550), buy DAX CASH (NOT CALL option) with Take profit of 300points.
IF market rises 150 points (say DAX at 10850), short DAX CASH (NOT PUT option) with Take profit of 300points.

 

Is this the strategy - please confirm? What else forms part of this strategy? As I understand, we profit from "LONG or SHORT" on DAX on Cash and let options expire - right?

 

What do you mean by "locking profits" and how do you do that - best would be if you can explain with an example?

 

Thanks.

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Hi 

I also read this thread at the time it was live but like yourself I was never able to fully understand the strategy.

But then again, I'm not an expert on options (or much else in trading, being fairly new to it)

But I have heard that options can be a very risky bet if not handled correctly so be very careful (or paper trade them to start off) if you are also on the learning curve.

One thing I do know is that I saw a last post from  claiming that market makers and such like were robbers! But I have seen no posts from him/her since.

Sounded like they'd suffered a very large loss (or even possibly burned their account :smileysad:)

I haven't looked at options since then (if I'm honest, I find it difficult enough trying to trade the simpler stuff without worrying about more complex strategies like options straddles :smileyvery-happy:)

Mac

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Hi MacD,

 

Nice to hear from you. I have been trading CFDs and am certainly in my early stages with Options. I hope some day either one of Oilfxpro, Condor or Mercury help clear our doubts! I hope they are all OK and still going strong trading :)

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Sorry but don't understand this, you said back in March 2016 this strategy was looking at a profit of £180,000 a year but now you say you are working off a £1000 account?

 

 

ofp1.PNG 

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OK, so it's a set and forget strategy, (that needs constant adjusting, now on version 4).

 

You say TA and indicators don't work, though this strategy is totally dependant on TA and indicators (### trend line channels ex4).

 

Constantly makes a profit no matter the market conditions - expecting £180,000 a year when started back in early 2016, (current account size 2018  =  £1000). 

 

The best thing you could do is to stop mocking and trolling others and look to your own performance. That would be the first place to start to save yourself from further continuing  embarrassment.

 

 

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Casey 

 

This strategy started as a long and short strategy, in this thread, later I realized  being only long  works better, so I created my own buy the dip strategy .

 

https://profitabletraders.wordpress.com/buffet-buy-the-dip-strategy/

 

There is no reason why the original strategy in this thread can not be made to work , by simply buying long calls every week.

It should have a 67%  chance of success , if dip positions are added.

 

The original strategy posted in this thread never used t/a and trend lines.

 

I made money last week on a long weekly call option  trade here 

 

https://community.ig.com/t5/Indices-and-Macro-Events/Profitable-100-ticks-weekly-Dow-Dax-daily-options-strategy/m-p/18530#M1857

 

I bought the dip and made money of 50 ticks . Last week this long only option bought at the open would have made over 400 ticks,using the original strategy, 

 

 

This strategy is a good start, to improving it  by adding trend lines and supports .Add my money management and you have a profitable set and forget strategy.

 

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

 

Profitable support trading on indices Dow ,dax ,Nasdaq and s&p

 

http://www.trade2win.com/boards/indices/224294-profitable-support-trading-indices-dow-dax-nasdaq-s-p.html#post2920018

 

mm.jpg

 

For a good laugh :smileylol::smileylol::smileylol:

 

tradecity price action course.gif

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I have a £10,000,000 demo account at I G,  it is unlimited as long as I have a live account.

 

Please don't laugh at my £1,000 live account, otherwise this will discourage people from posting.I did not you my other 

 

Why you shouldn't demo trade

 

read more

 

virtual accounts versus real accounts

 

ig demo account.jpgmain account.

 

Here are option prices for this week   and chart.

 

 

 

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Yes, that was my first point, it's an ongoing cycle isn't it. New version, boastful claims, fail, new version ... for two years. So instead of making the £180,000 a year playing at £20 a point you were expecting (boasting) you are now trying to work with just  £1000 in your account. 

 

How remarkably similar are the posts of 2 years ago to the ones of today did you notice, the trades were nearly all winners.

 

The real problems though are that newbies might take this stuff seriously. Those that have in the past are no longer around are they.

 

Also the fact you seek to denigrate everyone who uses TA and everything that is not options trading but then it turns out you blithely use TA and DFB yourself (another new version).

 

The constant ranting is in line with what you would expect to find on those forums you search to find this stuff in the first place, not sure why you would bother to import it here, your mates on trade2win must be missing you.

 

 

 

 

 

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In my first post in this I stated clearly

 

The strategy is still in development. I have now done advanced strategies here

 

https://www.bloomberg.com/news/articles/2017-12-12/-buy-the-dip-strategy-has-never-been-as-popular-in-u-s-stocks

 

‘Buy the Dip’ Has Never Been More Popular in U.S. Stocks and indices 

 

 

As regards forex , you posting  tradecity price action courses has probably seen most new traders  them in extinction, maybe they bought all this price action education on forex factory.If you hadn't been encouraging these forex prices action sites, they might have still be on forex factory.

 

What I am doing is making money

 

https://community.ig.com/t5/General-Trading-Strategy/35-profit-after-restart-3-5-realistically/m-p/18769#M1007

 

FOREX FACTORY.jpg

tradecity.gif

 

 

 

 

George soros is laughing at your tradecity

 

 

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You promote Rayner Teo who has the same business model as Tradeciety so what's your point? 

I only post links to free education material that I know to be informative and have posted links to both these sites in the past.

 

'Still under development' yes, we get it. A new version every month now, the thing is the hyper inflated boasting that accompanies each new arrival. Most people would learn to use a bit of discretion after so many failures. Oh wait, that's right they don't fail you keep telling us, you just keep changing them because they are too successful and you don't want to put IG out of business I presume. 

 

 

You don't like Tradeciety's chart analysis so lets take a look at some of yours.

 

Firstly it is incomprehensible and therefore meaningless. More important, it is so covered in TA (that you claim doesn't work) that the price bars cannot be seen (you claim to use price action). Is that the reason for the oscillators?  To try to give a clue as to what price might be doing under all that junk?

The random spread of arrows don't point to anything. The random spread of wording is not informative of anything. 

Have you actually ever looked at any of the charts you have ever posted? They all look like this.

 

fail1.PNG

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Have you actually ever looked at any of the charts you have ever posted? They all look like this.

 

I just use these charts to debunk technical anylysis and price action, there is no edge by using it.It is only a road map  to take the driver from A to B,  but the road map will not auto drive from A to B, it still needs the driver to drive.

 

The map to the gold does not make money , you still need the skills to trade the map information.

 

All this is lagging, so there is no edge, it fails on that chart.

 

This trading is like Mackenna's Gold: Canyon of Gold

Legend of Mackennas Gold

 

 

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The benefits of set and forget strategies is explained here 

 

Traders can avoid psychology issues with set and forget options strategies.

 

http://www.learntotradethemarket.com/forex-trading-strategies/set-and-forget-forex-trading-keep-your-day-job

 

https://community.ig.com/t5/General-Trading-Strategy/Psychology-Winning-Mindset/m-p/18650#M995

 

Traders can actually avoid all the psychology handicaps with set and forget strategies.

 

http://tradingpsychology1.blogspot.co.uk/2017/11/trader-stress-wired-to-lose.html

 

 

 

 

 

 

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