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US 30 Index, Trading with Indicators

  • Linked: US 30 with Indicators | Demo Account XXXX72 Starting Jun 15, 2021
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  • #21
  • Edited 8:29am Jun 11, 2021 6:50am | Edited 8:29am
Stopped out for about -25. Watching for reverse or re-entry.
US 30 with Indicators Return This Year: na
  • #22
  • Jun 11, 2021 7:29am Jun 11, 2021 7:29am
Couldn't bring myself to bet against my bullish options (put credit spreads), but you would have logically gone short at the open of the 17 bar, 34502.
US 30 with Indicators Return This Year: na
  • #23
  • Jun 11, 2021 8:08am Jun 11, 2021 8:08am
Having taken an initial small loss, what I would do here is set either a stop at 450 or a tight trail. This would ensure that we walk away a winner from these two trades.
US 30 with Indicators Return This Year: na
  • #24
  • Jun 11, 2021 8:37am Jun 11, 2021 8:37am
Okay, hope we got taken out at the 450. Results for the day, two trades, loser -25 and winner +50, net +25. Calling it a day. Maybe see you Monday.
US 30 with Indicators Return This Year: na
  • #25
  • Jun 14, 2021 4:32am Jun 14, 2021 4:32am
Implied open is bullish, but current signals are sell. Will hold for the 14:30 bar to resolve itself.
US 30 with Indicators Return This Year: na
  • #26
  • Jun 14, 2021 4:55am Jun 14, 2021 4:55am
Short at 34428, ATR trail multiplier 2.5, making a trail at about 60.
US 30 with Indicators Return This Year: na
  • #27
  • Jun 14, 2021 5:35am Jun 14, 2021 5:35am
past hour, price movement not at all in sync with indicators. probably a good time to take a (30) loss and wait for what appears to be an inevitable long. out at 34458.
US 30 with Indicators Return This Year: na
  • #28
  • Jun 14, 2021 5:56am Jun 14, 2021 5:56am
heh. for what it's worth, my student did not agree with my decision to get out of the short. stayed with it and is now slightly in profit. sigh! when the mentee becomes the mentor...
US 30 with Indicators Return This Year: na
  • #29
  • Jun 14, 2021 6:14am Jun 14, 2021 6:14am
grasshopper rubs it in for a while, then decides to bail with a (10) loss. maybe we're both wrong.
US 30 with Indicators Return This Year: na
  • #31
  • Jun 14, 2021 7:05am Jun 14, 2021 7:05am
well, if there was ever a lesson in following the rules of your method, this is it. i mean, you would think that after all that backtesting, tedious eye-hand simulator trading, etc., i would at least trust the approach. but, nooooo! i have to be smarter than my own work. anyway, if you had more discipline than me, you would have been short from about that original 34428. then, we're currently looking at a low of 34329 and keeping a trail of about 60, you would now have a locked-in of close to +40. more sigh!
US 30 with Indicators Return This Year: na
  • #32
  • Jun 14, 2021 8:17am Jun 14, 2021 8:17am
Quoting Erebus
I don't see anything for longs {image}{image}{image}
I've been watching his (trader Tom's) live youtube stream since morning. IMO, his shown examples of how to overtrade and how to revenge trade or how to blow up the acct in one day
who dares wins
mashFX DSRII Return This Year: na
  • #33
  • Jun 14, 2021 12:05pm Jun 14, 2021 12:05pm
Okay, let's talk. First of all, it's embarrassing to screw up your own method, but that's what I did this morning. Hopefully, you know to do what I say, not what I do. It is true that I have a current bullish bias in my option sales. Since that's where I make my living, it probably influences me over here. And, I am trading small over here and large in options. Fortunately, option sales today were far enough out-of-the-money that they were never threated, so grasshopper and I had a very good day.

Bottom line, instead of listening to me, just look at the method. We had clear short signals and multiple opportunities for entry between 14:00 and 16:30. Most likely entries would have been about 14:15 at 469, 15:35 at 453, or 16:30 at 438. It was virtually all downhill from there and you could have exited on the 20 bar at 217 or continued to let your trailing stop manage the trade from about 60 away from the low of 208 where you would have been stopped at about 268 on the 22 bar. All decisions very profitable.

So, what are we going to do about my mental lapses? Well, I will always give it to you straight. Screw up, but no cover up. You can see what I did wrong and remind yourself that you would not have been that...uh, what's the word? ...stupid comes to mind. It may help that I will start a Trade Explorer tomorrow on a demo account, trading only this method. Except for entertainment value, posting any of my real accounts would probably not be helpful. Maybe the Trade Explorer will motivate me to stay on track and trade the method. BTW, I noticed that some traders (see MashFX above) attach their Trade Explorer results to their posts. Can anyone tell me how to do that or does it just happen when you post on another thread? Thanks.
US 30 with Indicators Return This Year: na
  • #34
  • Jun 14, 2021 12:14pm Jun 14, 2021 12:14pm
Quoting pipwoof
Okay, let's talk. First of all, it's embarrassing to screw up your own method, but that's what I did this morning. Hopefully, you know to do what I say, not what I do. It is true that I have a current bullish bias in my option sales. Since that's where I make my living, it probably influences me over here. And, I am trading small over here and large in options. Fortunately, option sales today were far enough out-of-the-money that they were never threated, so grasshopper and I had a very good day. Bottom line, instead of listening to me, just look...
it's under "settings" menu
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who dares wins
mashFX DSRII Return This Year: na
  • #36
  • Jun 20, 2021 12:47am Jun 20, 2021 12:47am
Quoting pipwoof
A few thoughts on your trailing stop. You may prefer just setting a 75 hard stop and the MT4 trailing stop, also at 75. That's close to how my simulator works. When using the MQLTA Trailing Stop EA, use your head. If a 1.5 multiplier gets you too close, move it up, 2 or 2.5. Though this market is often slow outside of core hours, it can also get volatile quickly. Always give yourself 60-80 points of slack. 7:55 am and the sar has dropped below price. watching the m1.
hi im using the atr ea but for forex pair, do u have to put this ea on every chart, or enough with one chart only and it manage the other pair ?
  • #37
  • Jun 20, 2021 7:01am Jun 20, 2021 7:01am
Rise, I have not used the Trailing Stop EA to control more than one asset. I know that I may have three charts open, for example, on US30Index. If I put the ea on any one of them, it controls trades I make on any other US30Index chart. Also, there is a parameter saying, "Apply to current symbol only." I believe if you mark that false, it will control all trades on that platform. But, while I think that is true, haven't used it that way myself. Of course, check it on demo and here is the site that is the source of the ea: https://www.earnforex(dot)com/metatr...trailing-stop/. Not sure what the rules are regarding providing a site address, but don't want to offend the moderator, so notice the (dot).
US 30 with Indicators Return This Year: na
  • #38
  • Jun 20, 2021 7:21am Jun 20, 2021 7:21am
Quoting pipwoof
TRADING TIMES AND A FEW PARAMETERS This method involves trading the US 30 Index. Not all brokers offer this product. Specifically, US brokers cannot offer it and a number of non-US brokers do not. Two of my personal favorites, Oanda and Forex.com, are US based and cannot accommodate me for these trades. If you do not have a broker who offers this index and you are unwilling to open even a demo account with a broker who does, just to check it out, this is not for you. I trade this index on FXChoice.
Unfortunately, FXChoice is not accepting new US Clients...those with existing accounts are not affected...for now...
  • #39
  • Jun 20, 2021 10:58am Jun 20, 2021 10:58am
Ranger, I did not know that. At this point, there are only a handful of offshore brokers who accept US clients and I don't know which, if any, offer the indexes. You are also right that if the restrictions keep coming, all US traders will have to be with Forex.com or Oanda.
US 30 with Indicators Return This Year: na
  • #40
  • Last Post: Jun 20, 2021 2:40pm Jun 20, 2021 2:40pm
Quoting pipwoof
Ranger, I did not know that. At this point, there are only a handful of offshore brokers who accept US clients and I don't know which, if any, offer the indexes. You are also right that if the restrictions keep coming, all US traders will have to be with Forex.com or Oanda.
Just doing a little Sunday thread surfing. A person can trade the MYM futures contract instead of the US30, it's comparably priced. No need to worry about offshore brokers and such.
Wow! I've got some experience to gain.
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