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Carpe diem: Intraday tactics for Dax and Dow

  • #981
  • Oct 14, 2014 7:38am Oct 14, 2014 7:38am
long @16368 sl -20 tp +60 (macd, bullish engulfing 1m)

edit: sl = be now.

sl hit. +-0
fortis fortuna adiuvat
  • #982
  • Oct 14, 2014 7:58am Oct 14, 2014 7:58am
short @ 16407 sl -20 tp +60 (dow < p again)

closed manually. +-0.
fortis fortuna adiuvat
  • #983
  • Edited 8:42am Oct 14, 2014 8:31am | Edited 8:42am
S/L = -20 Hit.

Will stick to FDAX .. PA works better and Losses / Profits are quicker

Short DOW @ 16340
T/P = 16300
S/L=16360
Bearish IB Fakey
  • #984
  • Edited 9:31am Oct 14, 2014 8:51am | Edited 9:31am
short @16447 sl -20 tp +60 (macd)

closed manually. +30

summa summarum +75.
fortis fortuna adiuvat
  • #985
  • Oct 14, 2014 9:31am Oct 14, 2014 9:31am
Evening Deltaone
I have been watching and enjoying trading position posts.
I have been from the school of not restricting your winning positions but you set a set target each time and clearly you are happy with this plan.
Do you not get temped to see if there is more in the trade or are you happy with your 3:1 RR each and every trade?
Carpe Vinum.
  • #986
  • Oct 14, 2014 9:47am Oct 14, 2014 9:47am
Quoting ZA Rhino
Evening Deltaone I have been watching and enjoying trading position posts. I have been from the school of not restricting your winning positions but you set a set target each time and clearly you are happy with this plan. Do you not get temped to see if there is more in the trade or are you happy with your 3:1 RR each and every trade?
hi ZA Rhino,

3:1 rr is the maximum for me. sometimes i´m really getting tempted, indeed. but this maximum protects me from getting greedy.
my trading history teached me that emotions like greed and fear are bad advisors...

have a nice evening!
fortis fortuna adiuvat
  • #987
  • Oct 14, 2014 10:07am Oct 14, 2014 10:07am
Thanks, I am erring to move to your way of trading - managing fear and greed are all part of a successful trading plan.
Setting a target limit is certainly a good way.

Good Evening, and good night from SA.
Carpe Vinum.
  • #988
  • Oct 14, 2014 10:22am Oct 14, 2014 10:22am
Hi ZA,

Interesting post you have brought here and thought i chip in. Can you sleep easy if you had a 3:1RR, trade goes in ur direction say 2:1RR then reverses and hits S/L .. Profit turn to Lose. Mentally i can not and hence why i scalp. Obviously Deltaone can but can you have 2 or 3 or even 4 trade as above and still keep at it. Am comfortable picking 9 or 10 or 11 or 12 Ticks.

Basically no one shoe size fits all ..

Quoting ZA Rhino
Thanks, I am erring to move to your way of trading - managing fear and greed are all part of a successful trading plan. Setting a target limit is certainly a good way. Good Evening, and good night from SA.
  • #989
  • Oct 14, 2014 10:43am Oct 14, 2014 10:43am
It's an important topic - where and when to exit. I can well understand Deltaone's 3:1 strategy, and have seen that, despite numerous BE's and 10/20 pip losses, he takes money out of the market each week, which is all that matters. Provided you are confident that you will always recoup your losses with a tried and tested system, then yes, you should have no problem sleeping at night. It is always good to have an exit strategy, whether it be an arbitrary pip total, as with Deltaone, or with a support/resistance level such as MA/pivot level or whatever, because without one, the emotion's of greed and fear will play havoc with your bottom line. The hard part is having the discipline to stick to your strategy no matter what. Most people don't have that, but this really is the key to successful trading.
  • #990
  • Oct 14, 2014 10:45am Oct 14, 2014 10:45am
Quoting deltaone
{quote} hi ZA Rhino, 3:1 rr is the maximum for me. sometimes i´m really getting tempted, indeed. but this maximum protects me from getting greedy. my trading history teached me that emotions like greed and fear are bad advisors... have a nice evening!

Hi there,

Have you tried using a trailing stop? ( of say 10 points ) and compare this to overall profitability of the risked 1:3 RR trade?

Thanks
  • #991
  • Edited 11:24am Oct 14, 2014 11:08am | Edited 11:24am
short @ 16404 sl -20 tp +60

edit: sl = be now.
fortis fortuna adiuvat
  • #992
  • Oct 14, 2014 11:11am Oct 14, 2014 11:11am
Quoting Cprice76
{quote} Hi there, Have you tried using a trailing stop? ( of say 10 points ) and compare this to overall profitability of the risked 1:3 RR trade? Thanks
yes, i have tried it. i use it from time to time, no rigid rule atm for moving sl. i tend to move sl to be a.s.a.p.
fortis fortuna adiuvat
  • #993
  • Oct 14, 2014 11:23am Oct 14, 2014 11:23am
Nyt Good People.

It has been good .. Cheers All ..
  • #994
  • Oct 14, 2014 11:27am Oct 14, 2014 11:27am
Quoting deltaone
short @ 16404 sl -20 tp +60 edit: sl = be now.
closed manually. +40
fortis fortuna adiuvat
  • #995
  • Oct 14, 2014 11:39am Oct 14, 2014 11:39am
Quoting ZA Rhino
Thanks, I am erring to move to your way of trading - managing fear and greed are all part of a successful trading plan. Setting a target limit is certainly a good way. Good Evening, and good night from SA.
you´re welcome! good luck for your trading tomorrow.
greetings from berlin to SA
fortis fortuna adiuvat
  • #996
  • Oct 14, 2014 11:41am Oct 14, 2014 11:41am
Quoting cat
It's an important topic - where and when to exit. I can well understand Deltaone's 3:1 strategy, and have seen that, despite numerous BE's and 10/20 pip losses, he takes money out of the market each week, which is all that matters. Provided you are confident that you will always recoup your losses with a tried and tested system, then yes, you should have no problem sleeping at night. It is always good to have an exit strategy, whether it be an arbitrary pip total, as with Deltaone, or with a support/resistance level such as MA/pivot level or whatever,...
hi cat,

good to see you again. thanks for the compliment
100% agreed: discipline is the key.
fortis fortuna adiuvat
  • #997
  • Oct 14, 2014 12:00pm Oct 14, 2014 12:00pm
long @16356 sl -20 tp +60 (green hammer )

edit: sl hit. -20

switching to scalping modus.

good night!
fortis fortuna adiuvat
  • #998
  • Oct 14, 2014 4:32pm Oct 14, 2014 4:32pm
Quoting cat
It's an important topic - where and when to exit. I can well understand Deltaone's 3:1 strategy, and have seen that, despite numerous BE's and 10/20 pip losses, he takes money out of the market each week, which is all that matters. Provided you are confident that you will always recoup your losses with a tried and tested system, then yes, you should have no problem sleeping at night. It is always good to have an exit strategy, whether it be an arbitrary pip total, as with Deltaone, or with a support/resistance level such as MA/pivot level or whatever,...
On that topic. This is what I call "No brainer trading" You just gotta be Johny on the spot.
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It's easy to win & even easier to lose
  • #999
  • Edited 12:18am Oct 15, 2014 12:04am | Edited 12:18am
good morning,

short @8831 sl 8341 tp 8301 (sma100)

edit: sl = be now.

sl hit. +-0
fortis fortuna adiuvat
  • #1,000
  • Oct 15, 2014 12:18am Oct 15, 2014 12:18am
my short just closed, Looking to re sell if it returns to the mid 30's.
doc
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