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DMA Trader - Trading System

  • #1
  • First Post: Edited Oct 7, 2019 8:00pm Oct 6, 2019 4:24am | Edited Oct 7, 2019 8:00pm
I will left this first message open for editing later for important rules about Money Management

I am trading between accounts setup from Larger Time Frames to Smaller time frames. So I will try to keep an eye on weekly - 6H - 5/15M but I will not be able to post intraday trades.

I am more into position sizing than setups. So for me is very important to have a DD below 5%

This mesage is being edited in the next weeks
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #2
  • Oct 6, 2019 4:41am Oct 6, 2019 4:41am
GBP/USD


My view is that we will stay between 1.23 and 1.25 until 31 October brexit deadline
so either long or short could work in that area

Going into Daily ->6H there is a bullish channel started again buying in from 1.22 to 1.23 with support in the 1.22-1.225 area an sellers above 1.24 to 1.25
one thing that could change is a clear resolution this week on Ireland that could make the pair go above 1.25

On an intraday basis range is between 1.232 to 1.235

-------------

Specific here is I am trading between accounts setup from Larger Time Frames to Smaller time frames. So I will try to keep an eye on weekly - 6H - 5/15M but I will not be able to post intraday trades.
Attached Image (click to enlarge)
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Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #3
  • Oct 6, 2019 5:00am Oct 6, 2019 5:00am
On EU we have a bullish channel on smaller time frames and the bearish channel on daily - this is a 6H chart

Resistance is 1.100 and can probably go up to 1.103 black line monthly trend or even to 1.150. I don't think there can be a clear break of 1.150
or just if Trump is impeached everything can happen on a short term basis.

Bullish action has support on 1.09760 - 1.0930 and last low 1.088. Big black trend line can have EU trading near 1.07xx into next months

----------------------

Clear ideas here are that i am shorting the higher end of the range between 1.0980 to 1.10 I will explain later the fact that I am more into position sizing than setups. So my DD is small and also don't earn huge amounts in % so I am confident on this position that I will have time to close it on the next weeks.

I will play the long side only if daily close is above 1.1 at the beginning in shorter time frames
Attached Image (click to enlarge)
Click to Enlarge Name: EU6h.png Size: 176 KB
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #4
  • Oct 6, 2019 5:10am Oct 6, 2019 5:10am
This week was very good for me on SPX. while I manage to sell near 2980 area and close near 2940
I was then buying down under 2900 to 2975 on the bad ISM and ADP report.
I close my longs again on 2944 and then sold at the same prices while index close near 2950

On a very short term will probably see 15-20 points down where I would close and look to buy again on any drop near 2920 or lowe for China US meeting next week

On a clear deal with China SPX will probably reached all time highs near 3080- 3100 - this year !

if that happens I will probably begin a long term position on Sell and going into next year depends really on the price action and how fast we get to 3080
If they have it down fast will see a fast 3080-3100 if not will probably go along with trade progress by the end of the year

If you carefully read all jobs report US Company's are expecting to see how China - US deal will work before new hiring.

Chart is hourly.

----------------------------------------------------------------------------------------------------------------------------------------

So this is my view a little mixed up between fundamental ideas and trade ideas. Main thing is that I increase position when I am right and try to deacrease it when I am wrong. More specific a daily close above 2960 will make me go long and reduce short or close it. Into short I will close it near 2920/40 area depending how Monday begins and close.
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Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #5
  • Oct 6, 2019 6:55am Oct 6, 2019 6:55am
I love trading Gold.
Last short term trade was buying 1470 area and than sold it after bad ISM manufacture near 1485

I was wrong not keeping position on ADP but most of the "weaker jobs reports" i found it better than expected at list in my view.
So while Gold went up to 1500 than above than corrected back to 1500 level.
Over the short term I don't expect a big increase in price (next days) over the long term I am very bullish and only buying gold.

But there is one scenario imho that will make Gold go down big and this is a " fast Trade Deal" between US and China
If it's taking very long my idea is that economy's are slowing and will need way more accommodation and easing conditions from Central Banks.
That will only help Gold Going Higher.

So careful with China deal. if any Gold will go to 1400. If not deal yet I don't see it go below 1450 area and I will buy it. As long as it trades above 1500 I will buy it and sell it higher but that is just for short term. If it's trading below 1500 I will not do anything unless it's trading near 1450-1470 support.
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Click to Enlarge Name: 6oct.png Size: 68 KB
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #6
  • Oct 7, 2019 2:10am Oct 7, 2019 2:10am
I will work in weekends on a better chart.
Right now I am long and waiting for a breakout of 1.335
I find that USD/CAD is leading in respect to USD many times.
Position is small, flexible. I can either take profit on the black line big resistance or let it break through

Trading below 1.327 will invalidate this scenario. Going above 1.335 and have a clear close above oh 1h at list can make me increase the Long position
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Click to Enlarge Name: 7oct1h.png Size: 59 KB
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #7
  • Oct 7, 2019 2:58am Oct 7, 2019 2:58am
I am adding to this tread "Trend" this is like a sentiment or a bias or something I see. I only trade with the Trend. I will explain later.
But do not think I am always short or long is just the way or the direction of my trades.

ASSETS - TREND

EUR/USD - DOWN
SPX - RANGE - UP
GOLD - UP
USD/CAD UP
USD/CHF UP - RANGE
GBP/USD - DOWN but- not shorting it.
GBP/JPY - DOWN but not shorting
EUR/GBP - RANGE
USD/JPY - RANGE but sentiment DOWN
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #8
  • Oct 7, 2019 8:08pm Oct 7, 2019 8:08pm
Quoting DMA Trader
This week was very good for me on SPX. while I manage to sell near 2980 area and close near 2940 I was then buying down under 2900 to 2975 on the bad ISM and ADP report. I close my longs again on 2944 and then sold at the same prices while index close near 2950 On a very short term will probably see 15-20 points down where I would close and look to buy again on any drop near 2920 or lowe for China US meeting next week On a clear deal with China SPX will probably reached all time highs near 3080- 3100 - this year ! if that happens I will probably...
So, we see exactly what I was saying small correction into the close about 20/25 points -
Now - we are ok staying near 2940 for long, futures are below right now

2940 is like a line in the sand. Below we can trade short above long. Confirmation for long is above 2960. We may go down but right now it's only about China Trade Deal and Earnings. We could develop on a range so. Look at 2960 and above for long or 2940 and below. for short.

I will try to update it daily. As for this particular chart there is also a downtrend channel
Attached Image
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #9
  • Oct 7, 2019 8:11pm Oct 7, 2019 8:11pm
Quoting DMA Trader
I love trading Gold. Last short term trade was buying 1470 area and than sold it after bad ISM manufacture near 1485 I was wrong not keeping position on ADP but most of the "weaker jobs reports" i found it better than expected at list in my view. So while Gold went up to 1500 than above than corrected back to 1500 level. Over the short term I don't expect a big increase in price (next days) over the long term I am very bullish and only buying gold. But there is one scenario imho that will make Gold go down big and this is a " fast Trade Deal" between...
Gold dropped to 1490 on China Chatter but like I said nothing short for me. I will be a buyer either on a big drop to 1450/1460 area or getting back on the long trade if I see daily close about 1500
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #10
  • Oct 7, 2019 8:12pm Oct 7, 2019 8:12pm
Quoting DMA Trader
I will work in weekends on a better chart. Right now I am long and waiting for a breakout of 1.335 I find that USD/CAD is leading in respect to USD many times. Position is small, flexible. I can either take profit on the black line big resistance or let it break through Trading below 1.327 will invalidate this scenario. Going above 1.335 and have a clear close above oh 1h at list can make me increase the Long position {image}
Still long, nothing change unless we see close 4h/daily below 1.33
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #11
  • Oct 7, 2019 8:22pm Oct 7, 2019 8:22pm
So AAPL is one of my favorite holdings on Long Term investment.

But here just want to talk about some possible trades. I made some yesterday. buying yesterday open closing for a few bucks
I will probably do the same today if breath of SPX is ok an trading positive
Support for intraday is 227 while keep in mind there is a possible gap to close at 221

6h Chart. I'm using intraday at 5M
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I've shorted in the evening before the drop thinking about the big Double top
CHart you can see on Daily

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Click to Enlarge Name: daily8oct.png Size: 163 KB


Same game plan for today - Selling the double top or buying intraday at 5M if it's trending ok and Taking profits near 230
Very careful on China, this Stock is very sensitive to China US Trade Deal
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #12
  • Oct 9, 2019 1:56am Oct 9, 2019 1:56am
Quoting DMA Trader
On EU we have a bullish channel on smaller time frames and the bearish channel on daily - this is a 6H chart Resistance is 1.100 and can probably go up to 1.103 black line monthly trend or even to 1.150. I don't think there can be a clear break of 1.150 or just if Trump is impeached everything can happen on a short term basis. Bullish action has support on 1.09760 - 1.0930 and last low 1.088. Big black trend line can have EU trading near 1.07xx into next months ---------------------- Clear ideas here are that i am shorting the higher end of the...
Update Here

Price got rejected at 1.1 and went down to 940 Support on the very short term there is resistance - I am selling 960 area to 940 for short term trades
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #13
  • Oct 9, 2019 1:59am Oct 9, 2019 1:59am
Quoting DMA Trader
This week was very good for me on SPX. while I manage to sell near 2980 area and close near 2940 I was then buying down under 2900 to 2975 on the bad ISM and ADP report. I close my longs again on 2944 and then sold at the same prices while index close near 2950 On a very short term will probably see 15-20 points down where I would close and look to buy again on any drop near 2920 or lowe for China US meeting next week On a clear deal with China SPX will probably reached all time highs near 3080- 3100 - this year ! if that happens I will probably...
Quick Update. Short worked. didn't get the full move. Also careful on 2870 area. In my view it's a good place to buy . I will
Attached Image (click to enlarge)
Click to Enlarge Name: 9oct.png Size: 270 KB
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #14
  • Oct 9, 2019 2:02am Oct 9, 2019 2:02am
Quoting DMA Trader
{quote} Still long, nothing change unless we see close 4h/daily below 1.33
6H chart USD/CAD

had to close the position yesterday to concentrate on EU short. opening again today at 1.3315 long
Attached Image (click to enlarge)
Click to Enlarge Name: 9oct.png Size: 116 KB
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #15
  • Mar 18, 2020 2:56am Mar 18, 2020 2:56am
i will probably have time to continue this thread. i will switch it a little bit in the next few weeks
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #16
  • Apr 1, 2020 3:51pm Apr 1, 2020 3:51pm
Quoting DMA Trader
i will probably have time to continue this thread. i will switch it a little bit in the next few weeks
Please do DMA, just noticed this was here. Love your posts!
Motivation comes from within
  • #17
  • May 2, 2020 7:24am May 2, 2020 7:24am
S&P 500 (SPX)


Since the Earnings season is almost done, but i still have to read a lot and also Berkshire meeting is today
i am jumping directly to conclusions

Simple 6H chart, to the battle field area. we are near the bull trend area in daily and also on a channel started since March lows.
So 2800 on cash is support while above 2900 to 3000 is resistance.
TF are conflicting so is COT report with a lot of players on short side and others on longs
Earnings are done and problem is from this perspective few companies give us guidance for this Q even if we are already done with first month.

Most of the energy is now int opening country's and business world wide and still providing support to continue.

Long term i am bull so i will look to add on weakness. and maybe hedge with some short if wee see rallies unless we trade below 2800 level when more sellers will come in. we can also range between this levels until we see how companies perform on opening the economy.

Link for Berkshire
https://finance.yahoo.com/brklivestream
Attached Image (click to enlarge)
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Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #18
  • May 2, 2020 8:06am May 2, 2020 8:06am
Last chart for now.
i rather be consistent every week than post a lot of charts and the pause for weeks.

Anyway this is weekly EUR/USD

I am still a bull in USD so long story short
black lines are monthly trend-lines
red are weekly

we got to a monthly black trend-line near 1.10 area - trend line is coming from January 2018 and once was breached in april 2018 (2 years ago) acted like a very strong resistance each time. as you can see on red arrows

it was breached once in march and then acted as a support for a week than prices come back and close each week so far below
now we have the 1.100 area resistance and we should reject price. exp since we made this on a holiday in Europe

So Monday will be important, i would say we trade below the 1.1 area at the beginning of the week. and if we trade the week above we will get a lot of stops in that area and closing the week above will prove more upside for EU, and problems for me as a USD bull
Attached Image (click to enlarge)
Click to Enlarge Name: weekly EU.png Size: 253 KB
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #19
  • May 3, 2020 8:05am May 3, 2020 8:05am
Berskire Meeting

- Buffett sold all airlines, he said they sold it very fast so there were a lot of buyers into airlines. retail again like USO ?
- Thinks there are to many planes so watch BA on Monday.
- Bearish on Commercial Real estates, restaurants and he has some businesses they were doing poorly before and they will probably not open
- Wanted to get in on panic but FED stepped in faster both on credit and on markets
- He still wants to be prepared for an 1929 scenario and you can also see he has insurance so some of them are really looking bad now.
- Not all the workers will come back so unemployment will be high.
- One thing that comes in mind is the insurance business can have big losses from business interruptions ! this i think it's very important
- Bearish on oil markets.
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #20
  • May 3, 2020 9:21am May 3, 2020 9:21am
USD/CAD LONG


Until i have time to organize my charts so the are not very nosy with a lot of stuff on them
i am posting a more clear chart 2day (daily is with lot's of staff)

this is a trade i like and will be probably profitable fast.

buying now or near 1.405 (better entry) or a little bit lower to target 1.44 (3xx pips) with a stop near 1.38

if 200 p is to much for your stop try to enter as low as can possible near 1.405 and exit with stop 70 p below.
it really depends on how markets trade Sunday night to Monday

so 70p stop for at list 200 (1.41 to 1.43 or 144) could work
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Click to Enlarge Name: usdcad.png Size: 31 KB
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
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