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Carpe diem: Intraday tactics for Dax and Dow

  • #36,761
  • Nov 24, 2017 12:33pm Nov 24, 2017 12:33pm
Anyone know why NYSE is orders only with a huge spread ??
Que Sera
  • #36,763
  • Nov 24, 2017 4:01pm Nov 24, 2017 4:01pm
Quoting rbetancor
Today EA workout: Total Trades:22 Short Positions (won %):4 (75.00%) Long Positions (won %):18 (88.89%) Profit Trades (% of total):19 (86.36%) Loss trades (% of total):3 (13.64%) Maximal Drawdown: XXX.XXX (8.17%) Relative Drawdown: 8.17% (XXX.XXX) Maximum consecutive wins ($):9 (XXX.XXX) consecutive losses ($):1 (-XXX.XXX) Two ops left open, targeting yellow rectangle zone for monday EU session. {image} Not bad for a NON-US day.
Well done.

Surprised to see longs left open over the weekend ??
Que Sera
  • #36,764
  • Nov 24, 2017 5:13pm Nov 24, 2017 5:13pm
Quoting Catempire
{quote} Well done. Surprised to see longs left open over the weekend ??
Why suprised? ... they do not cost me anything and overall we are in a long tendence.

Either way, this is the EA ... that's giving a 58% chance of up-gap on monday or rise up during Frankfurt open and pre London till the market zone ... so, no worry about.
  • #36,765
  • Nov 25, 2017 2:53am Nov 25, 2017 2:53am
Quoting rbetancor
{quote} Why suprised? ... they do not cost me anything and overall we are in a long tendence. Either way, this is the EA ... that's giving a 58% chance of up-gap on monday or rise up during Frankfurt open and pre London till the market zone ... so, no worry about.
I guess just because the world is in such termoil, politically, you never know what's going to happen.. chances of a 200pip drop far more likely than a 200pip gap up & would it not be better to open it on Asian open Sunday night EU time eliminating the risk of holding for any number of potential problems ?
Que Sera
  • #36,766
  • Nov 25, 2017 3:24am Nov 25, 2017 3:24am
Quoting Catempire
{quote} I guess just because the world is in such termoil, politically, you never know what's going to happen.. chances of a 200pip drop far more likely than a 200pip gap up & would it not be better to open it on Asian open Sunday night EU time eliminating the risk of holding for any number of potential problems ?
Yes and I could die in 5mins falling by the stairs ... but I learned long time ago, not to go against the EA, it's smarter than me ... , It earned 594 pips on Friday, so a 200 pips down gap, that is possible, but not probable will not hurt too much. Money management and size positioning its the REAL key of tradding.
  • #36,767
  • Nov 25, 2017 4:16am Nov 25, 2017 4:16am
Quoting rbetancor
{quote} Yes and I could die in 5mins falling by the stairs ... but I learned long time ago, not to go against the EA, it's smarter than me ... , It earned 594 pips on Friday, so a 200 pips down gap, that is possible, but not probable will not hurt too much. Money management and size positioning its the REAL key of tradding.
Appreciate the reply.
Que Sera
  • #36,768
  • Nov 25, 2017 11:34am Nov 25, 2017 11:34am
Managing risk is what is important. Prior winnings are your money, not so-called playing with the banks money.
Reward to risk is uncertain over a weekend so unless it is already part of a traders plan and acceptable it isn't wise.
  • #36,769
  • Nov 25, 2017 11:39am Nov 25, 2017 11:39am
Quoting SunTrader
Managing risk is what is important. Prior winnings are your money, not so-called playing with the banks money. Reward to risk is uncertain over a weekend so unless it is already part of a traders plan and acceptable it isn't wise.
Yes even more so to the long side... It just makes more sense to me to close and open on Asian open Sunday night but that's not to say it won't come good.
Que Sera
  • #36,770
  • Nov 25, 2017 12:13pm Nov 25, 2017 12:13pm
Quoting Catempire
{quote} Yes even more so to the long side... It just makes more sense to me to close and open on Asian open Sunday night but that's not to say it won't come good.
Agree and disagree. To long side is "less" risk per se. The trend is up after all.

But even so holding (other than as an investment) is uncertain so risky none the less.
  • #36,771
  • Edited 1:24pm Nov 25, 2017 12:56pm | Edited 1:24pm
Quoting SunTrader
{quote} Agree and disagree. To long side is "less" risk per se. The trend is up after all. But even so holding (other than as an investment) is uncertain so risky none the less.
Much of which depends on how big a position & how deep ones pockets are.. which I guess is what rebtcenor was referring too

But, my point is odds of it rising considerably over the weekend, with no positive fundamental news per se is extremely unlikely but odds of it dropping perhaps 5/52 - ie: over the course of a year market will fall a decent amount 5 times in a year, over the weekend, if not more & there is ALWAYS the potential for a serious drop.. you just never know.

Risk to reward, it just doesn't make sense to me but happy to learn, i am still learning.
Que Sera
  • #36,772
  • Nov 25, 2017 7:44pm Nov 25, 2017 7:44pm
Quoting rbetancor
{quote} Why suprised? ... they do not cost me anything and overall we are in a long tendence. Either way, this is the EA ... that's giving a 58% chance of up-gap on monday or rise up during Frankfurt open and pre London till the market zone ... so, no worry about.
Which EA are you using? An available one, or a custom development?
  • #36,773
  • Nov 26, 2017 7:11am Nov 26, 2017 7:11am
Quoting Catempire
{quote} Much of which depends on how big a position & how deep ones pockets are...
Regardless of when (trading day or weekend day) the trend is the trend. That is the first consideration. Risk preference, account size and all other considerations come next.
  • #36,774
  • Nov 27, 2017 2:10am Nov 27, 2017 2:10am
good morning,

downside-gap on xetra for dax. outlook unchanged, business as usual.

good luck!
fortis fortuna adiuvat
  • #36,775
  • Nov 27, 2017 2:11am Nov 27, 2017 2:11am
good morning long 13020. sl 10 tp 30
sl to -5
  • #36,776
  • Nov 27, 2017 2:11am Nov 27, 2017 2:11am
long @13.020,2 sl -10 tp +30
fortis fortuna adiuvat
  • #36,777
  • Nov 27, 2017 2:14am Nov 27, 2017 2:14am
Quoting disastrader
good morning long 13020. sl 10 tp 30 sl to -5
out -5*2 -10
  • #36,778
  • Nov 27, 2017 2:15am Nov 27, 2017 2:15am
Quoting deltaone
long @13.020,2 sl -10 tp +30
sl hit. -10
fortis fortuna adiuvat
  • #36,779
  • Nov 27, 2017 2:17am Nov 27, 2017 2:17am
long @13.005 sl -10 tp +30
fortis fortuna adiuvat
  • #36,780
  • Nov 27, 2017 2:18am Nov 27, 2017 2:18am
long 13013 sl 10 tp 30
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