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20 /30 profitable Dow Dax weekly 100 ticks profit

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Splitlink

Well-known member
#61
Nov 18, 2001
10,850
1,231
223
#61
foroom lluzers said:
closed +20





102 tick profit this week +20 = 122

Next Week I will see if I can apply the blinkered Big John candle to this system:LOL::LOL::LOL::LOL:

5 th consecutive week of profits average over 100 ticks per week.

have a nice weekend everybody!
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I made +324. Luck? Probably. I can't believe, either. It was done by taking notice of you, fl. I did not change my system-but you got me off FT. I'll try it again, next week.
 
F

foroom lluzers

Member
#62
Apr 3, 2017
3,620
136
73
#62
Splitlink said:
I made +324. Luck? Probably. I can't believe, either. It was done by taking notice of you, fl. I did not change my system-but you got me off FT. I'll try it again, next week.
Click to expand...
Just manage your risk , as in first post.If traders run their profits , they can still use this system and make money , but results will not be consistent .This is because markets trend only 20% of the time at the most .In the 80% ranging period , traders looking for larger profits will suffer or not perform as well as in trending periods.

Good luck to everybody.Try to lose only a few ticks 20 to 30 maximum , it will change your trading , because this is defensive trading "not to lose".Learn about defensive football and transfer it to trading.

Follow successful people and their traits

http://www.manchestereveningnews.co...ille-carragher-row-manchester-united-13006892

Become defensive in the market , accept the market throws attacking balls at you, you are winner.

 
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J

jeffre4

Well-known member
#64
Jun 29, 2008
1,146
149
73
#64
joo se hyuk gets slaughtered by all the top players looks good like all defenders but never wins (is that your trading??)
 
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foroom lluzers

Member
#65
Apr 3, 2017
3,620
136
73
#65
jeffre4 said:
joo se hyuk gets slaughtered by all the top players looks good like all defenders but never wins (is that your trading??)
Click to expand...
NO

You don't get the point so here is thread by an intelligent trader and poster
explaining the need to be defensive in your trading.It is very important not to lose points/ticks .

http://www.trade2win.com/boards/fir...bability-trading-so-important.html#post681338
 
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foroom lluzers

Member
#68
Apr 3, 2017
3,620
136
73
#68
Let me explain something about options and how to profit from them.

The option price at any given time is based usually on expected volatility , in the time the option is valid , it is based on open to close expected movement.AS AN EXAMPLE . a daily option might be priced at 70 pips /ticks including spread for 24 hours .This price is divided into a buy option for 35 pips and a sell option for 35 pips , therefore if a trader is good a predicting markets he can buy the buy option or the sell option for 35 and hope to get 70 , there is room for profit by buying options.This is layman's explanation.

I usually go for 20 and hope to get 40/50.
 
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foroom lluzers

Member
#69
Apr 3, 2017
3,620
136
73
#69
jeffre4 said:
I was making a point that you picked the wrong defensive point to make a point
Click to expand...

I was only looking at the defensive qualities and saying don't let the market screw you.


If you can defend well , you will lose less ticks , your attacking provided it is on par with the best , it will make more based on probabilities.

Many traders will make ticks but they will lose more than they make , this is because their strategies are entirely attacking strategies .
 
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foroom lluzers

Member
#70
Apr 3, 2017
3,620
136
73
#70
next week i trade long trades on gbp 4 .This is because I had 4 losses on longs .After 4 consecutive losses I increase my stake to double , same after 8 losses and 12 losses


Here is spread sheet and hopefully recover the losses on longs this week.
 

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