Jump to content

Indices


Recommended Posts

1 hour ago, dmedin said:

Looks like the hourly time frame is no good for me, as I just don't have the patience for it.

And I've spent so much time looking at charts that I have very few skills that would make me employable elsewhere.

It's five minutes or bust - noose time :D 

thought you had a tested system. if not enough trades test it on a greater number of markets and possibly time frames.

Link to post
  • Replies 5.3k
  • Created
  • Last Reply

Top Posters In This Topic

Top Posters In This Topic

Popular Posts

JESS ........TWO BARKS FOR BUY     ONE BARK FOR SELL   ???

That is the 50% retrace for  the Dow and S&P. 

It's the opposite, I don't think I'm cut out for day trading.  I still would have been better off keeping a position open from Christmas, even now.  I zoomed out to the day chart and the overall pictu

Posted Images

59 minutes ago, Caseynotes said:

thought you had a tested system. if not enough trades test it on a greater number of markets and possibly time frames.

 

I do Tom, I just needed to get a grip on myself this morning.

Link to post
17 hours ago, dmedin said:

Nope!  Another fakeout.  Had about a dozen of them in a row this week :)

 

And your system survives that kind of failure rate, astonishing, it must be a really good system 👀

Key points of the day on M5;

A/ bulls attempt to push higher but bears counter with a reversal bar and take control.

B/ bulls attempt to get back above the pivot, bears say no, doji ---> red bar, key entry point.

C/ bears stopped at S2, try to break downward but get hauled straight back up by the bulls, bulls take control and push price back up to S1.

D/ bears try to re-take control at S1, legitimate entry point for a short but the very strong bull bar at E should have had you running for cover.

(stay away from the market open whipsaw 8 am and pack up at 4 pm as the only guys left are just closing out their day trades for market close at 4:30).

image.thumb.png.ce727b038ae397576dc2189969c2d779.png

  • Like 1
Link to post
4 hours ago, Caseynotes said:

And your system survives that kind of failure rate, astonishing, it must be a really good system 👀

Noooo :D 

I should try your 5 min system on the DEMO to keep me occupied instead 🤓

Link to post
3 minutes ago, dmedin said:

Tom, what is your directional bias apropos of the charts 🤔

intraday always look to the Daily Pivot, if above expect continuation up and if below then down but Dow and S&P are on opp sides at the mo, would expect Dow to follow S&P and Dax to follow Dow.

image.thumb.png.6425acc7e9d41801b51425b09195356f.png

 

  • Like 1
Link to post

Join the conversation

You are posting as a guest. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • General Statistics

    • Total Topics
      15,180
    • Total Posts
      73,286
    • Total Members
      61,647
    • Most Online
      5,137
      14/01/21 09:51

    Newest Member
    farshadhf20
    Joined 15/05/21 07:09
  • Posts

    • Hi kinda interested in your margin problem, I trade very small cap shares in spread bet in both Uk and US, then the margin call is very rare as long as you have enough capital to cover the 80% falls that can occur with odd news. Have worked of Forex a lot and just find it too unstable. Just wondere if ant other person has this method. I would be interested to share ideas.   
    • By the way if its a system you want to demo or try, I trade US 500 and Russell Long only, with no stops, I would not trade with no stops for gold, oil etc but am happy to do it on US indices as nothing recovers as quickly as US markets, so if I am wrong i just hold it until it goes in profit again, when I am wrong I wait until market recovers, so sometimes when market has gone against me I have to wait 4 -8 weeks before it recovers but this way means no drawdowns only overnight currency charge which is minima. You need to trade wihin your accoutn to do this as you need to make sure your balance is big enough when you get it wrong. You could try it on IG demo account  to see if it worked for you.
    • Yes your balance needs to be above 0, that's your most important number don't fall into the trap of thinking if its above 0 you can put trades on, you can but your balance needs to be big enough that if they go against you, you are still above 0, if not you get messgage from IG to add funds to your account or IG will take you out of trades, so if you had a trade you wanted to keep on it would now be taken out as a loss as funds in balance are in minus. You need a big enough number left in the balance column that if your trades go against you you can still hold if you want to.
×
×
  • Create New...