Day Trading & Forex Forum

arabianights

I got fifty one quid per point on dow finishing up over three hundred points today mostly at a price of one all before the opening. While in this case it hasn't worked it might be worth keeping an eye out... Those are very good odds.

__________________
Only morons take my advice!

Chatroom for STIR traders at http://www.propboards.com/ (click "Chat") - open during UK market hours (7am-6pm). Anyone welcome, especially locals, IB/HF traders, brokers, those with an interest in this field...

Vaco

Not sure if i'm reading this right but your telling me that to win the bet the dow would have to close up 300 pts so 12500

Am i reading that right cause If I am then your chances are slim

__________________
That's fine, for I shall show that it isn't positions which lend men distinction, but men who enhance positions.

arabianights

Chances slim sure but 1 in 100?

__________________
Only morons take my advice!

Chatroom for STIR traders at http://www.propboards.com/ (click "Chat") - open during UK market hours (7am-6pm). Anyone welcome, especially locals, IB/HF traders, brokers, those with an interest in this field...

jmh0

Arabian,

I worked out a system for trading Dow spread bets. Maybe you'll find it interesting. This system is for very short term spread bets as they tend to whipsaw around at expiry, I only like to play this with a few minutes left.

1. Follow the Dow trend through strike prices (as Dow goes up thru 12100 you buy, if it goes down thru 12100 short). Once you have a position don't reverse out of it.

2. Buy/short as close to 50 as possible, do this only with <5 minutes to expiry. Trade only between 45-55 so you don't get killed by the market maker spread.

3. Optionally: If the trade goes to 95 (5 on short side) dump it. You may enter this order as soon as you receive a fill.

4. Just to make sure you make money! If you lose, double the amount for each loss until you win. Of course you'll need a large account in the unlucky event you lose many in a row. Spread betting is gambling after all.

jmh0

shadowninja

and

It's the quickest route to flipping burgers for a job. I wonder if Spanish89 uses Martingale. I must tell him about it.

__________________


The markets can stay solvent longer than you can stay irrational.


Check out my blog if you're new to trading or skip the advice and obtain fame and riches beyond your wildest dreams the easy way but you might end up a bit like this.

shadowninja

This is the only way to minimise risk and maximise profits with binaries:
http://www.trade2win.com/boards/fixe...ng-method.html

__________________


The markets can stay solvent longer than you can stay irrational.


Check out my blog if you're new to trading or skip the advice and obtain fame and riches beyond your wildest dreams the easy way but you might end up a bit like this.

arabianights

Lol!

As for binaries...
They're encapsulated fix odds bets basically priced from d2 and the order book. Only way to win on them is when you think the odds are wrong. And 99-1 on a three hundred point rise on the dow is just wrong at the moment. In my opinion anyway.

__________________
Only morons take my advice!

Chatroom for STIR traders at http://www.propboards.com/ (click "Chat") - open during UK market hours (7am-6pm). Anyone welcome, especially locals, IB/HF traders, brokers, those with an interest in this field...

Vaco

That depends on how long the bet stays live for, its very rare for the dow to make that big a jump up in one day even in a bull market, were currently looking very rangebound leaning to the bearish side so even more unlikely. Average daily range for the dow is 150 approx. now over 2 days thats a different story.

__________________
That's fine, for I shall show that it isn't positions which lend men distinction, but men who enhance positions.