20 /30 profitable Dow Dax weekly 100 ticks profit

[foroom lluzers]

The following method is expected to generate 100 ticks weekly on Dow /Dax..It will be easy for me to make 100 ticks a week @£50 eventually or currently £10 per tick average , that is £5,000 per week or £1,000 a week at @ £10 , new traders will lose money on this ,if they can't be successful masters of this type of trading.

I don't trade any other instruments except for lulz postings and entertainment..

Every trader has his own comfort zone , within which he will trade , so every individual has to change this method to fit hit his risk appetite.Many traders are not prepared to lose money , they should not trade , until they can lose real money with discipline and are able to feel that a losing trade is psychologically confirming that they are trading well , that they are trading with discipline.Psychology is 80 % of trading success , so read the popular articles from top properly qualified psychologists (not traders who think they might know trading psychology) and listen to you tube videos from them.

This method is psychologically correct , because it reduces the fears and psychological flaws of the trading mindset.It also provides certainty of risk at value and trades probabilities.It is a mechanical system with variations , it is also a set and forget method.

There are only two instruments to trade , so there is less wastage of time looking for opportunities.THERE IS LESS INFORMATION PROCESSING INVOLVED in this method.

Please don't post any other non method trades or instruments on this thread.You are welcome to post your trades related to this system.Please I don't want distractions.

Daily Method
This method uses weekly and daily options .Every cash trade is hedged with options , if long cash a long put at the money or near the money is bought ,with a maximum risk of 30 ticks /usually aim for 20 or 10 ticks.It is important to manage this risk , because profits are expected to be small like 20 ticks.

short positions
if short cash , buy a long call at the money or near the money is bought ,with a maximum risk of 30 ticks /usually aim for 20 or 10 ticks

I may change this daily method to buy only options occasionally.

Weekly method
The starting risk on weekly options is 60 ticks .Every cash trade against weekly options is hedged with options , if long cash a long put at the money or near the money is bought ,with a maximum risk of 60 ticks /usually aim for 40 or 30 ticks.It is important to manage this risk , because profits are expected to be small like 40 ticks.

Daily Method single options.
Sometimes there will be opportunities to buy options for 12 ticks , In place of doing hedged trades .

This method is long biased and aims to buy at supports , supports do get broken in the short term , but the options enable the trades to be kept open for the rest of the day .There several types of supports including horizontal, diagnol , channel and trend line .The stock market indices are long biased.During trends I trade diagnol , channel and trend line supports.

The first two trades are long , the first long trade will be at a support level , an indicator is provided for mt4 , but really a good trader should know his supports subconsciously.Also read about support and resistance and tested and retested support and resistance to understand support trading.Sometimes I will do 1 long trade followed by a short trade.

The second trade long is 50 ticks lower , after two long trades a short trade will be put on 50 ticks lower or 30 ticks above the second long trade .Trader can have two short trades , if two long trades are open.

Overriding the system is allowed by 5 ticks profit and if other counter direction trades are open.

Closing a trade:
When there is 20 ticks net profit , the difference between the cash and options , close both trades as per example closed trades.

Risks : There are days when there will be low volatility and losses will be incurred , there will also be extreme volatility of several hundred ticks on other days.Option prices will increase when volatility increases.

In my previous thread , I achieved 4 consecutive profitable weeks profit of over 100 ticks each week , using this method .I mixed these trades in this thread.

http://www.trade2win.com/boards/ind...ndices-dow-dax-nasdaq-s-p-62.html#post2934604

Today's example trades are shown .Yesterday I had 8 trades 5 wins 3 losses , net 40 ticks profit ,some at £50 per tick.It will be easy for me to make 100 ticks a week @£50 eventually or currently £10 per tick average.

After 4 consecutive losses I increase my stake to double , same after 8 losses and 12 losses



Practice on demo first , this hp system

http://www.trade2win.com/boards/ind...g-indices-dow-dax-nasdaq-s-p.html#post2920018

http://www.trade2win.com/boards/ind...g-indices-dow-dax-nasdaq-s-p.html#post2920022

I operate many other methods of trading , so occasionally , I will post an advanced trade by mistake.

http://www.trade2win.com/boards/ind...ndices-dow-dax-nasdaq-s-p-64.html#post2935160

http://www.trade2win.com/boards/psy...s-psychology-risk-money-management-forum.html

1 tick = The full digits on dow /dax 12736 etc for this thread.

 

[foroom lluzers]

I am starting this second post to show a variation of the method

Here long cash 12450.5 and 12460 put is 23.8 , so net risk 23.8- 9.7 =14.3 ticks

at £50 per tick , I would lose £715

if price goes 50 points in my direction .I can make £5000 less cost 715 = net profit £4285.

This is an example .Please do not trade this as trading is risky.

 

[Dowser]

The above post leads me to believe you're full of shít

 

[foroom lluzers]

The above post leads me to believe you're full of shít

I only keep demo for exhibition , just in case I click wrong buttons by accident.Demo is for demonstration .

BTW you are on ignore , because you are negative nothing nice comes out of you.

 

[Dowser]

What's the point of bragging about £50 per tick positions if you are on demo. Why not really impress us by putting on £500 per tick in your demo account!

 

[foroom lluzers]

This is another trade example

Profit target 20 ticks

risk 18.7

 

[foroom lluzers]

This is another trade example

Profit target 20 ticks

risk 18.7

This trade closed for 40 less 13.7 = +26.3 , that is second profitable trade today
Total profit46.3 today+++

 

[foroom lluzers]

What's the point of bragging about £50 per tick positions if you are on demo. Why not really impress us by putting on £500 per tick in your demo account!

you see you behaving like this goat , then Barjon says I treat members like goats .I don't .When I see a leopard I know it is a leopard , When I see a Hare it is a hare , when I see sheep of the 95% club it is sheep , when I see a goat behavior it is a goat behavior.

Your posts annoy me and I feel like this dog, that is why I put you on ignore.

 

[Dowser]

you see you behaving like this goat , then Barjon says I treat members like goats .I don't .When I see a leopard I know it is a leopard , When I see a Hare it is a hare , when I see sheep of the 95% club it is sheep , when I see a goat behavior it is a goat behavior.

Your posts annoy me and I feel like this dog, that is why I put you on ignore.

You've told me I'm on ignore twice now, but you've answered both posts. This sort of behavior leads me to believe that you are a first rate moron.

 

[foroom lluzers]

are you adding any value to this journal?Is this value?

This looks like an attack by the vendors indirectly!

 

[foroom lluzers]

Good results today

 

[foroom lluzers]

another one closed at 46.5 less cost 33 = 13.5

there was anther loss of 10

total plus 50 profit today

 

[malaguti]

Yesterday I had 7 trades 5 wins 3 losses , net 40 ticks profit

were you home schooled Foroom?

 

[foroom lluzers]

were you home schooled Foroom?

well spotted

Yesterday I had 8 trades 5 wins 3 losses , net 40 ticks profit

 

[foroom lluzers]

The weekly trade is now showing profit , waiting for more (greed).

I might trade shorts system against it.

 

[foroom lluzers]

I have edited first post and now show trend version entry on Dow long 21644 and 21660 put for 48.

Dax I will ad a position if 12500 becomes support , with a full bar of 30 minutes will close above 12500 after open.

 

[foroom lluzers]

My trading is based on the following psychology

The 5 Fundamental Truths of Trading:

1. Anything can happen.The set up can breakdown , fizzle out or perform .Be ready.To say you will enter a trade now , and it will go in your direction , without going against you is a false belief IMHO for successful trading .You are guessing direction and what is going to happen next .This is where patience comes in , you take a position , wait patiently for a few days even if it goes against you in the short term. until it goes in your direction.

2. You don’t need to know what is going to happen next to make money.I don't know what is going to happen next

3. There is a random distribution between wins and losses for any given set of
variables that define an edge.It is more likely for trend to continue.

4. An edge is nothing more than an indication of a higher probability of one thing
happening over another.Supports in indexes hold better than resistances , some pullbacks are short term.

5. Every moment in the market is unique.Market behavior can change .

6 .Patience to wait when trade breakdown,It is really not easy to time the markets on short term trading , the price may go against trader for a few days , then after a few days it makes the highly profitable move in your direction and you make money.

To say you will enter a trade now , and it will go in your direction , without going against you is a false belief IMHO for successful trading .You are guessing direction and what is going to happen next .This is where patience comes in , you take a position , wait patiently for a few days even if it goes against you in the short term. until it goes in your direction.

This system is about applying patience , put on the trade , wait until it goes your way.This is set and forget.This type of trading frees the mindset from the enemy within or psychological trading demons within us.

Any positive comments or constructive criticism is welcome.Anything for improvements.

 

[foroom lluzers]

The weekly trade is now showing profit , waiting for more (greed).

I might trade shorts system against it.

+33 closed

 

[foroom lluzers]

long 12505 + weekly put 49.9

 

[darktone]