US 30 4H
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- #13,302
- Edited 12:53am Nov 22, 2017 12:38am | Edited 12:53am
- Joined Feb 2012 | Status: Trader | 21,377 Posts
Hi everyone, New entrance today : AJ probably moving north so i'm starting to pile the positions. {image} Have a good day lads
looks like since your trade and now PA is no longer bulish
Its now wait and bail out mode.Could change once London kicks in
Watching this to possible longs
In trading, you have to be defensive and aggressive at the same time
- #13,304
- Nov 22, 2017 1:12am Nov 22, 2017 1:12am
- Joined Feb 2012 | Status: Trader | 21,377 Posts
In trading, you have to be defensive and aggressive at the same time
- #13,305
- Edited 1:42am Nov 22, 2017 1:22am | Edited 1:42am
- Joined Feb 2012 | Status: Trader | 21,377 Posts
In trading, you have to be defensive and aggressive at the same time
- #13,306
- Nov 22, 2017 3:07am Nov 22, 2017 3:07am
Dab / cryptosurf / cybr
Thank you for sharing your thoughts, observations and charts on the Dow / US30 - very helpful.
Yes, shorting the indices certainly incurs financing costs with the dividends which can be a challenge on a longer time frame play.
I shorted it a couple weeks ago but closed because of a nagging voice saying to me this would rally back for Thanksgiving.The chart supports the trade but experience suggested a rally back and possibly fresh highs for Thanksgiving - markets love a 'money shot' headline into a holiday (e.g "Indices back at / break new highs").
Its really good to see where price is in the 'Pivot grid' - No surprise that its at R100.
I've layered in two entries - One is about 70 points in drawdown the other nesting at Breakeven as I type...leverage deployed is 0.4:1 (un-leveraged and plenty in the tank). I look for big targets and layer in lightly.
Along with the Bird Watching in Lion Country principals i adhere to, two quotes from the legend that is Paul Tudor Jones come to mind:
Thank you for sharing your thoughts, observations and charts on the Dow / US30 - very helpful.
Yes, shorting the indices certainly incurs financing costs with the dividends which can be a challenge on a longer time frame play.
I shorted it a couple weeks ago but closed because of a nagging voice saying to me this would rally back for Thanksgiving.The chart supports the trade but experience suggested a rally back and possibly fresh highs for Thanksgiving - markets love a 'money shot' headline into a holiday (e.g "Indices back at / break new highs").
Its really good to see where price is in the 'Pivot grid' - No surprise that its at R100.
I've layered in two entries - One is about 70 points in drawdown the other nesting at Breakeven as I type...leverage deployed is 0.4:1 (un-leveraged and plenty in the tank). I look for big targets and layer in lightly.
Along with the Bird Watching in Lion Country principals i adhere to, two quotes from the legend that is Paul Tudor Jones come to mind:
- To be a good trader you have to be a contrarian
- Find something where you skew reward risk so greatly that you can take small investments with minimum drawdown pain and maximum upside potential
That second point appears to apply to what Davit shares here..Smaller position size, manage risk / drawdown pain and maximise returns...
Only take trades we love
Accept that no one can consistently pick exact turning points
Layer the entries in lightly and accept some drawdown is almost inevitable
We'll see how this one pans out..
- #13,307
- Nov 22, 2017 3:33am Nov 22, 2017 3:33am
- Joined Feb 2012 | Status: Trader | 21,377 Posts
In trading, you have to be defensive and aggressive at the same time
- #13,309
- Nov 22, 2017 6:58am Nov 22, 2017 6:58am
- Joined Jun 2010 | Status: Trader | 1,509 Posts
Today's AU trade. Max DD 0.2%.
- #13,310
- Nov 22, 2017 9:03am Nov 22, 2017 9:03am
- Joined Nov 2010 | Status: Snaggin' Some Pips | 2,159 Posts
Will be watching GU as it heads into resistance at R61
- #13,311
- Nov 22, 2017 9:37am Nov 22, 2017 9:37am
- Joined Feb 2012 | Status: Trader | 21,377 Posts
In trading, you have to be defensive and aggressive at the same time
- #13,312
- Nov 22, 2017 9:41am Nov 22, 2017 9:41am
- Joined Feb 2012 | Status: Trader | 21,377 Posts
In trading, you have to be defensive and aggressive at the same time
- #13,313
- Nov 22, 2017 9:50am Nov 22, 2017 9:50am
- Joined Nov 2010 | Status: Snaggin' Some Pips | 2,159 Posts
- #13,314
- Nov 22, 2017 9:53am Nov 22, 2017 9:53am
- Joined Feb 2012 | Status: Trader | 21,377 Posts
{quote} Oops sorry, Forgot to take it off of the 15M chart
In trading, you have to be defensive and aggressive at the same time
- #13,315
- Nov 22, 2017 10:10am Nov 22, 2017 10:10am
- Joined Feb 2012 | Status: Trader | 21,377 Posts
closed EC +259 missed earlier morning swing down was sleeping.Profit is profit
In trading, you have to be defensive and aggressive at the same time
- #13,316
- Nov 22, 2017 10:13am Nov 22, 2017 10:13am
- Joined Feb 2012 | Status: Trader | 21,377 Posts
In trading, you have to be defensive and aggressive at the same time
- #13,317
- Nov 22, 2017 10:17am Nov 22, 2017 10:17am
- Joined Feb 2012 | Status: Trader | 21,377 Posts
In trading, you have to be defensive and aggressive at the same time
- #13,318
- Nov 22, 2017 10:22am Nov 22, 2017 10:22am
- Joined Feb 2012 | Status: Trader | 21,377 Posts
In trading, you have to be defensive and aggressive at the same time
- #13,319
- Nov 22, 2017 10:48am Nov 22, 2017 10:48am
- Joined Feb 2012 | Status: Trader | 21,377 Posts
In trading, you have to be defensive and aggressive at the same time
- #13,320
- Nov 22, 2017 10:53am Nov 22, 2017 10:53am
- Joined Nov 2010 | Status: Snaggin' Some Pips | 2,159 Posts
Will be watching GU as it heads into resistance at R61
Hitting R61 ADR exhaustion and 1.3300 round number simultaneously. Been in nice channel between 61's for some time. Also showing bearish butterfly on Davit's harmonic bundle.
Will be monitoring price action here. I'm very newbie on this but interested to test my reasoning.
