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postman
+40 ffs
+40 ffs
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postman
I'm averaged in on the dow at 12,647.
This happened to me once before around 3 years ago on the dax, I lost 180 points on 2 positions and swore I'd never do it again. Memory loss at my age is a common thing.
Putting it into context, my car depreciated in value more in the last year than I than I stand to lose if I close everything now.
Lets see how it pans out.
This happened to me once before around 3 years ago on the dax, I lost 180 points on 2 positions and swore I'd never do it again. Memory loss at my age is a common thing.
Putting it into context, my car depreciated in value more in the last year than I than I stand to lose if I close everything now.
Lets see how it pans out.
brewski1984
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That's not a lot of context, my car was worth about £500 last year!
Have you been more focused on being right at calling the top instead of trading properly?
Have you been more focused on being right at calling the top instead of trading properly?
barjon
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That's most unlike you, postie. Good luck.
wallstreetwarrior87
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Strike me down with a bag of feathers!
I hope you mean 21,647:cheesy:
As I would also be sweating it If I was short from 12,467
I am looking to add some more units up here, overnight limit in at 22020 for a pop up overnight!
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postman
More like trading what I thought was going to happen than what was actually happening. I was trading the red line and the blue line was real life. That last 400 point move up in the past week was just bizarre.
All the other markets have moved up AND down and I have traded them profitably, its just the dow.
Still, if you trade long enough you encounter these things.
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postman
Strike me down with a bag of feathers!
I hope you mean 21,647:cheesy:
As I would also be sweating it If I was short from 12,467
I am looking to add some more units up here, overnight limit in at 22020 for a pop up overnight!
Yes, indeed.
counter_violent
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Postie, but mainly WSW. Time is short, i'll be away again soon.
Chart shows why ya go long strongest and short weakest, particularly when hedging for a profit overall. These 3 markets, usually correlated, are out o wack and there is zero point in shorting the Dow, when it's clearly the strongest market ATM.
To work out ya stake ratios, based on comparable historical fixed price moves (legs), divide One index into the other......repeat the calcs periodically to ensure your stake ratios remain current.
eg currently, 1 X Dow = 0.9 S+P = 5.0 Nas
Chart also shows a fixed reference point for each market and the price action intraday around the fixed point. Depending on the action, new positions can be initiated as and when new evidence presents, allowing you to adjust and bias stake positions. The goal as always is to turn a profit. If a position goes your way, then theres nothing to do but go with it. If not, you can have many bites of the cherry using this method,based on the idea that you will be right at some point Markets move both ways...don't get married to a position....be flexible and safe, profits will take care of themselves. Remember, stake bias can also be created by removing positions.
Chart shows why ya go long strongest and short weakest, particularly when hedging for a profit overall. These 3 markets, usually correlated, are out o wack and there is zero point in shorting the Dow, when it's clearly the strongest market ATM.
To work out ya stake ratios, based on comparable historical fixed price moves (legs), divide One index into the other......repeat the calcs periodically to ensure your stake ratios remain current.
eg currently, 1 X Dow = 0.9 S+P = 5.0 Nas
Chart also shows a fixed reference point for each market and the price action intraday around the fixed point. Depending on the action, new positions can be initiated as and when new evidence presents, allowing you to adjust and bias stake positions. The goal as always is to turn a profit. If a position goes your way, then theres nothing to do but go with it. If not, you can have many bites of the cherry using this method,based on the idea that you will be right at some point
Markets move both ways...don't get married to a position....be flexible and safe, profits will take care of themselves. Remember, stake bias can also be created by removing positions.Attachments
wallstreetwarrior87
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Postie, but mainly WSW. Time is short, i'll be away again soon.
Chart shows why ya go long strongest and short weakest, particularly when hedging for a profit overall. These 3 markets, usually correlated, are out o wack and there is zero point in shorting the Dow, when it's clearly the strongest market ATM.
To work out ya stake ratios, based on comparable historical fixed price moves (legs), divide One index into the other......repeat the calcs periodically to ensure your stake ratios remain current.
eg currently, 1 X Dow = 0.9 S+P = 5.0 Nas
Chart also shows a fixed reference point for each market and the price action intraday around the fixed point. Depending on the action, new positions can be initiated as and when new evidence presents, allowing you to adjust and bias stake positions. The goal as always is to turn a profit. If a position goes your way, then theres nothing to do but go with it. If not, you can have many bites of the cherry using this method,based on the idea that you will be right at some point
Thanks for this mate, a clear insight in showing there are more than a few ways to interact with the markets. As you know personally this is an area I have not really delved into before (also a lack of respect to the possibilities/opportunities). Going to rework some of my older methods from a different viewpoint.
Will keep you posted with any interesting finds going forward. Should be able to scalp a session a day, and work some positions on a larger time horizon during the other periods.
Thanks again
counter_violent
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Thanks for this mate, a clear insight in showing there are more than a few ways to interact with the markets. As you know personally this is an area I have not really delved into before (also a lack of respect to the possibilities/opportunities). Going to rework some of my older methods from a different viewpoint.
Will keep you posted with any interesting finds going forward. Should be able to scalp a session a day, and work some positions on a larger time horizon during the other periods.
Thanks again
As if by magic !
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10pips
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postman
Cheers CV better late than never, lesson learnt (again).
But theres no way the dow will break 22,000 this week... wait a minute, oh sh1t.
Can I short it now? :whistling
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postman
So, that Thai Baht is looking good for long...
Long Move Killer
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Strike me down with a bag of feathers!
I hope you mean 21,647:cheesy:
As I would also be sweating it If I was short from 12,467
I am looking to add some more units up here, overnight limit in at 22020 for a pop up overnight!
nice idea but after 22k comes short ...:cheesy:
or scalp on
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postman
Based on what?
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postman
I'm sticking to the only thing that consistently makes money.
Short ftse 7425.
Short ftse 7425.
lexcorp
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out here at 12140 fpr +35
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postman
Good trade catching that knife.
