Trevbeats
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Posts posted by Trevbeats
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NIce reply buddy . Where in the uk are you if you don't mind me asking ?
Yes I cant wait but must keep a cool head. I will trade low postion at first.
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On 03/12/2018 at 05:28, TrendFollower said:
You intend to trade with the sentiment or against the sentiment?
I can not seem to find the sentiments ? I am using the new IG platfrom
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Excuse the spelling on the red wine now hehehehe
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Yes no Problem nit2wynit
This how I trade. Price action and Support and resistance, then look for trends. Dow S&P are great to trade! Here is a good tip. Bring up Apple and have your charts up in the dow and the s&p ok. Correlation is key, do this arounf 7.30pm as you know use markets close at 9pm, but becareful as volitation can be high, watch the volume indicator helps.
: try this as well?
Go to gbp/Usd and pull up the time frame 4 hours then 1 hour. then go to the 5 min frame and trade the trend as you should know the direction if there is any...Its very important to know if there is a trend happening. This is when you trade for sec or even min. ok take profit straight away!!!. The other night i did this on the S&P and made over £1000 in 30 min. These are some of the ways I tarde sir. Hope this helps. TreV
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On 26/09/2019 at 11:29, AbDXB1345 said:
@Caseynotes also just taking the time to learn, most people just want to jump right in.
Trading on demo for an extended period allows exposure to the markets with no risk. the obvious downfall of this is with no risk there is the chance of paralysis by analysis.
I stuck to demo for almost 2 years and felt it was time to put experience to practice on a small size account, with the aim of adding to the size with monthly contributions that wont bankrupt me.
Good words Cassynotes.
I have been on a demo now for about 2 years. Started with 20k and now just moved into 100k..So waiting for capital to come my way then im, going for real cash...Just hope it does not change my thinking in the way i have been trading.FOCUS....
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Big leap down in price today, So i bought NY Orange made $680 in an hour'' so could it be going back up>? Price is now @ 10165?
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4 hours ago, TrendFollower said:
I am not the greatest trader and I accept that. I also accept there are many better traders than me who make far more profits than me. It is unlikely they will be using IG’s platform to trade. They will have an account with Goldman Sachs and the like which requires a bond of a couple of million pounds and it is those traders you want to follow and look for guidance.
You will only find words and charts on IG Community and then more words but after the price has reacted which we can all see. I include myself in that. What you are looking for is someone to tell you how to trade but the problem you have got is that you have picked an asset which is small caps and decided to day trade and you seem to be rigid in this position. Trading requires flexibility and adaptability. Trade assets which are strongly trending. What if small caps are not strongly trending? Then what is your strategy as you want to day trade so you will become trigger happy which you want to avoid. Be patient and wait for the best opportunities and trade those.
Loving the infor here. Can you give me some of your picks in Trading assets please?. I trade on the currencies and indices and gold.
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On 13/01/2019 at 16:18, TheGuru12 said:
It took me a while to become ultimately profitable.
O please do tell your plan sir.
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1 hour ago, dmedin said:
When UK leaves the EU we can become the world's offshore financial centre 🤓
What does that really mean? Will we be out of the Esma rule then?
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Hi Casey,
I have never looked at horizontal S/Rs or dynamic S/R before? HOw does this work? I do use MA
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1 hour ago, Caseynotes said:
the trend is your friend til the bend at the end, but a trendline is different, it's usually asking too much which is why they need to be constantly re-drawn, that and the lack of accuracy on different time frames mean they are very problematic to use for setting limit orders to.
I wouldn't say never use them because sometimes they are obviously the popular method of choice for that particular instrument at that particular time but check alternatives as they might be a better fit such as horizontal S/Rs or dynamic S/R such as a particular MA.
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I have always heard Trend is your friend and it dose work for me but with caution. If we can't rely on trend lines whats the next point of call?
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Good morning,
Can anyone shed some light on this subject, please?
So I have switched to Aussie CFD account however I have noticed when buying stocks I get charged a commission of £10 per trade and I will be liable for tax as well. So what are the benefits compared to spread betting and CFDs?
Hence why I am with CFDs now is because Aussie account does not offer spread betting, will they be bringing that option in soon?
Regards Trev
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Are very good question as I will be opening an Aussie account soon?
I guess the advantage is lower margins overall... Let me know.
TreV
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On 8/9/2018 at 12:44 PM, PandaFace said:
FTSE 100 Bull KO
market moves a point you make or lose a point. So basically what we had before...right?
Looks like knockout level is basically a guaranteed stop. On that’s FTSE one above min stop level is 80 points away, which on a 7700 market means you getting about 103:1 if I’ve done the math correctly. Which is a margin percentage of 0.97 (basically 100:1 or 1% deposit margin).
You HAVE to have a guaranteed stop tho which you have to pay for, but given the leverage pay out it seems pretty darn good in this post ESMA world.
Knockouts are good for one thing only, short-term positioning...I left FTSE on for about a couple of days, and it stopped me out, so if it's about 80 pips at £20 its a lot of dosh gone...You can close out whenever you wish..So work with your R/R strategy.
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I guess it is because you can cover any losses if it goes the wrong way. I have two positions on GBP/USD at 128.32 down about 80 pips atm. But with the knockouts, you can open with a slightly higher position.
How you doing atm . You on a demo or gone live yet..
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23 hours ago, elle said:
"Knock-outs" ??? where , please tell me, are they ?
be careful tho as the stops are much higher!
Holy Grail
in General Trading Strategy Discussion
Posted
Shame im in Kent. Would of been great to hook up and talk trading as I love it. I have my vision to make this work for me. Just need 20k to start...lol