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AndrewS

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Posts posted by AndrewS


  1. If it were not for hedging I probably would have been shaken out at a  large loss after being caught wrong footed.

    But there were opportunities to close out one leg of the hedge then the other in a fairly relaxed manner.

    US30M5.png.783871ef5b1e49ded721ca8b59d25c3b.png


  2. 1 hour ago, Caseynotes said:

    Not necessarily, some prefer not to trade on time based charts at all. Mutli-time frame analysis is essential but tick based or Renko type charts smooth out the chop as the candles are laid down as per volatility rather than time so they might resemble a H1 chart at certain times or a M5 at others. 

    Well, I am on the scrounge for a substitute for the 1 minute chart as you can see.

     

    US30M3.thumb.png.f0c30d3fd94c52084b3de612d2df70a8.png

    • Sad 1

  3. 2 minutes ago, dmedin said:

    Well I'm glad for them and good to hear it works, for me - big no-no.  Murphy recommends getting good at inter-day trading before trying intra-day and I'm sold on all the reasons why.

     

    Trading halts and 2000 point daily ranges present challenges for any approach.


  4. 19 minutes ago, dmedin said:

     

    I've never heard of any 'serious' investor or trader using 15 min charts, AFAIC you are just amplifying your chances of losing by doing so, as being that zoomed in makes you lose all perspective the and potency of candles and patterns is much reduced.

    I can recall several people posting 15 min charts in this thread and there are people who trade primarily off the 5 min charts.


  5. 9 minutes ago, dmedin said:

     

    I understand now why people generally don't share their trading results - it makes other people jealous.

    Apropos of which, did you know that Roman generals had giant phalluses attached to their chariots to ward off the evil eye?

    Despite your purported apropos, I am interested in how people use short term charts. I do not think I have read of anyone primarily trading off the 1 minute chart.


  6. This week for me has been like this.

     

    Return rate 1.16. Win rate 89%. 154 out of 174 trades were closed in profit. Avg hold time: winning trades 15m. Avg hold time: losing trades 2h 24m.

     

    I sort of use the chop on the 1 minute chart for a partial entry and exit within the 5 and 15 minute chart. Instead of being shaken out at a loss I tend to hedge and then close out one leg of the hedge when things become clearer. I am disadvantaged somewhat by the increased spreads resulting from the increased volatility.

    • Great! 1

  7. 24 minutes ago, dmedin said:

    I regret scalping today.  Made a bit then lost it all.  Will do well to end the day with something to show for it.  Should have just held on to positions put in place at the start of the day, using daily and four-hour charts.  Review them again in the early evening.

     

    Anyway ... we're all going to die soon.  Panic.  Death.  Misery.  And, worst of all, job losses.

    I think if you find yourself writing this sort of thing you are too tired for discretionary trading.

    • Sad 1

  8. 18 minutes ago, AndrewS said:

    I have just spent all the money I set aside for stocking up on toilet rolls on investing.

    GER30Monthly.thumb.png.064cfa23f4f23b6b1b328b801e1aee31.png

    Closed it all. The reason is because I am far better at scalping than picking significant highs or lows.

    • Great! 1

  9. 23 minutes ago, dmedin said:

    A big strong move up, come on we need to prime the pump for more selling :D

    I have just spent all the money I set aside for stocking up on toilet rolls on investing.

    GER30Monthly.thumb.png.064cfa23f4f23b6b1b328b801e1aee31.png

    • Great! 1

  10. The volatility has made me realize that I am definitely better at scalping than position trading.  46 wins out of 47 trades today. I suppose they could be considered staggered entries and exits of swing trades.

    • Like 1
    • Great! 1

  11. 54 minutes ago, dmedin said:

     

    That's the best you can do, seriously? 

    I’ve seen the film “The Big Short” and heard a criticism of “Flash Boys”, but you selected that Bloomberg interview.

    • Thought provoking 1

  12. So all these greedy institutions with trillions and 95% of the activity are really competing among themselves to cheat me personally out of a few dollars…..

    I knew it and now TV has proven it!

    • Great! 1

  13. 40 minutes ago, dmedin said:

    'The'?  I won't go anywhere near a 5 minute chart but I managed to find a signal on the one hour ...

    The reason I use 5 min charts is because the markets hate uncertainty.

    • Like 1

  14. My last trade was shorting the Dow there and closing at the first trouble area. I’ve read that about 30% of the volume on the US indices is arbitrage which is why they are so closely correlated. I think the sign that there was a further fall on the cards was when the Nasdaq closed a 5 min candle below its 20 period moving average and the Dow then dropped 169 points on its next 5 min candle.

    US30M5.png.26aa2cb9dc75266c14e732ccb15b7416.png

     

    NAS100M5.png.ef9ac37e3a1e8afa5c209e03c6d63b40.png

     

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