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D1 Elasticity Pullback Trading

  • #3,101
  • Edited Nov 13, 2024 3:41am Nov 12, 2024 4:42am | Edited Nov 13, 2024 3:41am
Quoting 2be
DOW Daily chart below {image} Trend definitely up, but nothing goes in one direction all the time, DOW might be ready for a small PB.??? Blue arrows 1 to 1 symmetrical move of the impulsive move up Things to consider: 15th is the third Friday - monthly contracts expiry often accompanied by dump/pump or reverse scenario on US indices Chart below DOW Daily - vertical lines are the third Fridays of the month, colour coded to allow for the quarterly Tipple Witching Fridays {image} {image} Possible divergence on DOW H4 If shorting - always establish...
Establishing short position on DOW cash futures, using Long positions established on DOW Quarterly DEC24 as a hedge (quarterly futures do not attract daily interest on the leverage, so once established they can be kept for days/weeks at no additional cost, apart of time related Delta) Doing that I am risking some unrealised profits on Quarterly futures, while looking to get intermediate profit established on DOW cash,(position on DOW cash attracts daily interest on the leverage)
Hedging is a useful practice, as it takes care of "elasticity" or(dump and pump and reverse scenario) and allows for reasonably large SL/ Protective Stop farther away from the current price level, based on S/R on a longer TF. Black swans do happen, so never without stops set in concrete.

Chart below DOW Daily
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Chart below DOW H4
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Make sure losses are small and profits are bigger!
  • #3,102
  • Nov 12, 2024 7:19am Nov 12, 2024 7:19am
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Trade what you see
  • #3,103
  • Nov 12, 2024 7:34am Nov 12, 2024 7:34am
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Fear is the mind-killer.
  • #3,104
  • Edited 1:24pm Nov 12, 2024 11:59am | Edited 1:24pm
Quoting 2be
{quote} Thinking to cover shorts at 44050or below, in any case a good run, that is on DOW cash
DOW shorts closed at 43925
That was the remaining part of the short position - I am done for this session
Waiting for the rotation on H4 and see what is happening
It has been a session with good opportunities to harvest good if not vast profits.
I am flat on DOW cash.

Edit Note:
Out of respect to ghbdr and other traders posting on this thread I will only post things related to the core subject of this thread.
I do not wish to clatter this worthy thread with the specifics of trading indices, and a particular trading strategy.
With that in mind I have deleted few posts which were related to other components of the trading strategy used by me, things which without explanation will only add to the confusion, and I would count it unkind to explain things which are outside the scope of this thread.
Saying that I really enjoy reading and participating on this thread frequented by friendly traders.
I assure you that I will post here the relevant charts and contents.
I wish everyone a good number of positive points/pips.
Make sure losses are small and profits are bigger!
  • #3,105
  • Nov 13, 2024 1:51am Nov 13, 2024 1:51am
Quoting 2be
{quote} Establishing short position on DOW cash futures, using Long positions established on DOW Quarterly DEC24 as a hedge (quarterly futures do not attract daily interest on the leverage, so once established they can be kept for days/weeks at no additional cost, apart of time related Delta) Doing that I am risking some unrealised profits on Quarterly futures, while looking to get intermediate profit established on DOW cash,(position attracts daily interest on the leverage) Hedging is a useful practice, as it takes care of "elasticity" or(dump...
so let me get this right - money on DOW Ca while hedgin off DQ Dec. then i weave thru your info 4 costs n lev then onto gambled profits held to make !!now!! profit.

I AM SORRY but this isnt hedgin. this is just a gamble over a gamble squared. also, hedgin IS the !!stop loss!! if you choose to think of it this way. ur tryin to trade futures or options n using !!support n resistance!! ideas and TFs. youre damn right ill say somethin here bout this. ive been tradin futs n options for a very long time n this is BS.

ur sayin u trade !! paul on a rounder to PAY paul2 on a double rounder !! hehehehehe

DOW Ca n DQ Dec are brothers. HOLY FUCK !!! dont ppl know anythin ??!! fuck me if i opted for the type o exposure ur describin id be outta business years ago !!!

this is nothin but speccy garbage. thats not how u use futures n options. if u dont know that u really shouldnt be tradin.

ur showin u gamble with profits u dont have.

theres so many things wrong with this exposure.
protein for breakfast !
  • #3,106
  • Nov 13, 2024 1:58am Nov 13, 2024 1:58am
for educational purposes with use of daily weekly monthly outlooks ===

https://en.wikipedia.org/wiki/Dow_Jo...age#References

https://en.wikipedia.org/wiki/Dow_Jo...tation_Average

https://en.wikipedia.org/wiki/S%26P_500

https://en.wikipedia.org/wiki/Capita...weighted_index

ppl try readin n learn how they talk to each other. fuuuck me!!
protein for breakfast !
  • #3,107
  • Nov 13, 2024 2:02am Nov 13, 2024 2:02am
the idea is to have peter pay paul to then pay YOU for knowin WHO HAS DA MONEY. not coz a chart tells ya.
protein for breakfast !
  • #3,108
  • Nov 13, 2024 2:18am Nov 13, 2024 2:18am
Quoting OlivierRich
Hello ghbdr, Thank you for your what you share and your patience. I follow your thread since 1 month, I read since the begining and I begin to understand how you trade. I have a questions about how you manage stop loss and losing trades ( even if it is rare for you). Do you put a stop loss on your trade or do you prefer to close when you think you are wrong ? If you use a stop loss, where do you place it ? Your winning rate seems to be very high, can you share it with us ? Thanks again for all your posts

I dont use sl nowadays. I wait for H4 candle close and check stochs and price action to take decisions
Trade what you see
  • #3,109
  • Nov 13, 2024 2:19am Nov 13, 2024 2:19am
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Trade what you see
  • #3,110
  • Nov 13, 2024 2:28am Nov 13, 2024 2:28am
heres a good one for eg of daily n weekly $$$ money sweep =

outta ...

https://www.reuters.com/markets/quote/.FTSE/

n into .....

https://www.reuters.com/markets/quote/.DJI/

ur options for OTM would trail coz the Xchange overlap is greater than the pool setup. money out money in. GOOOOOOOO Trump !!! hehehehehe. only kiddin.

THATS a hedge on a real level usin the correct reference with da option to opt in for some easy options $$$. hehehehe. have fun

PS = havin two brothers !!fight!! over da money is self destructive.
protein for breakfast !
  • #3,111
  • Nov 13, 2024 2:34am Nov 13, 2024 2:34am
Quoting ghbdr
{image}
dont agrue or get pissed off, just look

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and this one.....

https://www.londonstockexchange.com/...c/company-page

have fun
protein for breakfast !
  • #3,112
  • Nov 13, 2024 2:40am Nov 13, 2024 2:40am
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protein for breakfast !
  • #3,113
  • Nov 13, 2024 2:41am Nov 13, 2024 2:41am
Quoting oochiwaawaa
{quote} dont agrue or get pissed off, just look {image} and this one..... https://www.londonstockexchange.com/...c/company-page have fun
I dont get pissed off. Simply I dont give a fuck
Trade what you see
  • #3,114
  • Nov 13, 2024 2:42am Nov 13, 2024 2:42am
top one = i wanna gamble for my money

bottom one = they HAVE da money i want n i can learn how to get it

good to know for daily situations have fun
protein for breakfast !
  • #3,115
  • Nov 13, 2024 2:44am Nov 13, 2024 2:44am
Quoting ghbdr
{quote} I dont get pissed off. Simply I dont give a fuck
hehehe well = live n learn as they say
protein for breakfast !
  • #3,116
  • Nov 13, 2024 3:20am Nov 13, 2024 3:20am
hey all

no PC time this week until today but had 6 banger rounds with minimal drawdown from limits that all paid, based on H4 structure and stochs. it's been a lot less stressful just relyign on the higher TF from entries. gonna try and not give it all back now that I have screen time
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  • #3,117
  • Nov 13, 2024 3:21am Nov 13, 2024 3:21am
Quoting oochiwaawaa
{quote} hehehe well = live n learn as they say
Maybe im wrong, but i think a very very very annoying mosquito has entered this thread (besides me of course). Jeesh, start your own thread please and show the world how you do it @oochiwaawaa. Very funny name, waawaa in arabic means blabla aka bs, have a good one
  • #3,118
  • Nov 13, 2024 3:26am Nov 13, 2024 3:26am
Quoting mrPB
hey all no PC time this week until today but had 6 banger rounds with minimal drawdown from limits that all paid, based on H4 structure and stochs. it's been a lot less stressful just relyign on the higher TF from entries. gonna try and not give it all back now that I have screen time {image} {image}
Good to see you, mate.

Quoting TheJube
{quote} Maybe im wrong, but i think a very very very annoying mosquito has entered this thread (besides me of course). Jeesh, start your own thread please and show the world how you do it @oochiwaawaa. Very funny name, waawaa in arabic means blabla aka bs, have a good one
“Sometimes, carrying on, just carrying on, is the superhuman achievement.”
  • #3,119
  • Nov 13, 2024 6:08am Nov 13, 2024 6:08am
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Trade what you see
  • #3,120
  • Nov 13, 2024 6:32am Nov 13, 2024 6:32am
Quoting ghbdr
{image}
hi ghbdr, I would like to make a question about mtf stoch, there is something relevant to keep in mind with the difference that appears when comparing the 14,3,3 stoch from the actual time from the one adapted to make the same stoch but in diferent tf?

for example, if we want to see the h4 14,3,3 in the h1, we multiply the parameters x4 (56,12,12) to get the h4 in the h1, when doing it, as the inputs are not the same, this gave slighty diferences, sometimes quite noticeable, is that relevant or it's just overthinking and better don't give a fuck about it
rip and tear until it's done
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