Indices

[Caseynotes]

Callum Thomas @Callum_Thomas

'Not to be out-done by the robin hoard, hedge funds have apparently ramped up net-exposure to equities'

[Guest Joe]

Can anyone help, a very basic question, about trading indices.

Say I buy 50 contracts at a $1 a point, either way, I profit $400, what are my fees owing ?

Thank you 

Joe

[Caseynotes]

Dax and Dow heading for R2.

H1 charts;

[dmedin]

Let's dance, Tom Bombadil 💃🥳🐮

 

Edited June 16, 2020 by dmedin

[dmedin]

Caution!

That's quite a wick!

[dmedin]

Caution - big drop!  More whipsaw volatility = lose more money

 

Edited June 16, 2020 by dmedin

[dmedin]

Bullish engulfing Eileen ... but would you be tempted to go long? 🤔

[Caseynotes]

FTSE and S&P daily 50% retracement of recent drop.

Dax and Dow H1 consolidating overnight, unsure of next step.

[dmedin]

Nikkei's morning glory

 

[dmedin]

Eileen, the indices are starting to 'get it up' this morning - but it's a slow burner 😯

[dmedin]

Caution!  Virus resurgence - zombies spotted!!!

[dmedin]

Here cometh a big stonker Irene 😘

[dmedin]

25 minutes ago, dmedin said:

Caution!  Virus resurgence - zombies spotted!!!

BEIJING, June 17 (Reuters) – China shares paused on Wednesday, after gaining in the previous session, as Beijing re-imposed travel curbs following a resurgence in cases of the new coronavirus in the capital city.

[dmedin]

A big stonking pick-up in volume, Tom Bombadil 🤓

[dmedin]

Is the VIX anything to be concerned about, Bilbo Baggins? 🙈

[dmedin]

Looking grand, toots 😘

[Caseynotes]

short term pullback

M5.

[dmedin]

Pooping out

[Caseynotes]

Dax stalled at yesterday's high.

H1 charts;

 

[dmedin]

Looking to see if DJIA turns it around from here 😳

[dmedin]

This is really fking painful to watch

[AndrewS]

11 minutes ago, dmedin said:

This is really fking painful to watch

Closed all the shorts waiting for a bounce and then it drops 100 points in a minute. Happens all the time.

 

[dmedin]

It's bouncing up and down off the 200 EMA like a pair of lovely-jubblies and the MACD is near to crossing, so I have hope

 

[dmedin]

As of 7pm, the entire trading day was a complete non-event.  Oh well.

[Seanp]

This is happening regular, big swings and end up nearly flat. It will have to fall eventually but when ? 🤔

[dmedin]

Indices sh!t the bed big-time.

[dmedin]

Time to rethink my entire 'strategy' yet again.

Taking positions in and out just isn't profitable.  What IS profitable is staying in a winning position for as long as possible, whether it's 1:2 or 1:4 or 1:10 - setting arbitrary R:R ratios just isn't helpful.  It means you sit on the sidelines for extended periods instead of letting profits run.  Then when the market stops trending you get whipsawed so much you lose everything you made in the blink of an eye and have to start over again.

Sigh.

Edited June 18, 2020 by dmedin

[AndrewS]

32 minutes ago, dmedin said:

Indices sh!t the bed big-time.

My, your up early.

The indices have approached the middle of a trading range judging from the recent large wicks on the daily charts.

 

This is what my current rules look like ( which are very much an individual thing.

Max Position Size AUD=

1. Trade intraday primarily (unless carrying

over is in the original decision)

2. Favoured Time 4PM to 4AM (Sydney Time)

3. Trade Retracements/  Bounces  on

multiple time frames

4. Look at  IndiciesMainLong for trade setups

5. Look at  IndiciesMainShort for trading

[dmedin]

24 minutes ago, AndrewS said:

My, your up early.

The indices have approached the middle of a trading range judging from the recent large wicks on the daily charts.

 

This is what my current rules look like ( which are very much an individual thing.

Max Position Size AUD=

1. Trade intraday primarily (unless carrying

over is in the original decision)

2. Favoured Time 4PM to 4AM (Sydney Time)

3. Trade Retracements/  Bounces  on

multiple time frames

4. Look at  IndiciesMainLong for trade setups

5. Look at  IndiciesMainShort for trading

 

From my perspective (FWIW ROFL) the last buy signal on DJIA was here, you would have got a profitable trade here at 1:2.  It's all about having the patience to know when to sit aside and NOT to trade.

I don't see myself ever becoming a scalper, unless I somehow develop a purely mechanical system for doing it.

 

[Caseynotes]

FTSE and S&P daily below the monthly R1.

Dax and Dow H1 rebound.