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Hi guys ..Gs yep taken a look at direct line ill wait for it to turn first................
Task loosing track of it all USD CHF shorts all banked in profit. then i turned my attention to the Dax on your recommendation .. yes it does move very smoothly on the 5 min chart so ive been going long and short for a hour plus and also ran the Nasdaq at the same time. I was using micros so it doesnt amount to much but the 5 trades i did all came in at a profit my new and improved 5 min scalping system seems to be working well enough. Back later with my overnighters ... Ps well done on your dax trade
Opt, yes the dax can work well, I've now added to that cad trade but its resisting . If you're using IG it's a disadvantage I think.
I only use them for charts and demo now.
Added another 5 units short cad.
Hi Task yes ill be looking at other brokers again.. took a short the mega rise of the EUR EAD picked up 7 pips.
Overnight-ers and tomorrow SGD JPY and CHF JPY short
Opt, well done on those USD CHF shorts and scalps.... scalp/swing a two very distinct modes, I enjoy scalps more although watching a swing unfold the way you predict is satisfying.
I've closed my cad shorts 15 units in all with 104 banked...May take a rest tomorrow as feeling a bit rough.
Good luck with the overnight positions.
Atb
Hi Task thanks for your support and kind words, as you know trading profitably is not easy!! .... currently all my overnight- ers are going the wrong way... a familiar occurrence, so i will have to keep the faith and believe they will unpack as i have predicted. IQE short just gone into profit. Hope you are feeling better ........ Gl all
Cheers Opt,
I couldn't resist a dax trade or five from my sick bed as it lined up so well, banked those and a smaller gold loss that was a mistake looking back. I have to wait a month for a doc appointment apparently, so will just hit the JD instead lol.
Opt check out the DJ.
Short DJ & Dax, long gold. atm
HI Task i am done for the day and done in............ All my trades went wrong . when every thing goes wrong i should just switch off the machine as i know i have become emotionally compromised. I tried to re address my negative balance and took a short on gold a £1 pip on IG mt4 and a £1 a pip on City index MT4 wandered off to make a cup of tea and when i got back my City index trade was massively in the red. It turns out there there minimum of £10 a point on that platform ( which i didn't realise) Anyway to cut a long story short i closed out at a big loss and i feel crap now . Again a familiar feeling that us traders often have. So i am closing down till next week .. really y glad you are fairing better
Opt, Oh I know that feeling all to well, did you have a stop ? I banked a profit on gold and £100 loss on the dax, I'm sticking with the DJ but it tearing off north still, I'm just too early, I'm up on the week unless DJ says different.
Perhaps i can send you a link to a 4x you tuber I used to follow ? he seems to have it sorted, v disciplined.
Hi Task yes that link would be useful. Yes had a stop ok but I normally run each trade on 3 platforms.. This is for scaling out if a trend develops. So this time instead of being exposed at £3 across that gold short .I was exposed at £30 .. .Also I don't think I am fully conversant with the MT 4 platforms. My demos are in US dollars and my real two in £ both behave differently.
Plus what I meant to say is both my UK mt4 accnts behave differently It's the amounts that are different not any thing else
Opt, seems a little complicated to keep track of running across 3 platforms . I'm still short DJ .. 2min forming a H&S I think and all higher times still point lower but the DJ is tough to stop. It's looked at 27955 - so as long as that doesn't get taken out. I want to close it in profit and not get locked in over the weekend.
Thinking may get a huge pin doji to take out stops at 28000. Hmm
All hangs on the 1Hr 1800 candle.
Good candle.
Hi Task , did you get out of the DJ ok ? That Dow shifted today
Opt, I could have got out lightly on that retrace now I'm locked in for the weekend...I don't know how it keeps going really, ta shouting bearish still, margin looks ok. see what happens.
Have a weekend Opt...
https://www.marketwatch.com/story/dow-on-the-verge-of-busting-above-milestone-at-28000-2019-11-15?mod=mw_quote_news
Hard luck being stuck in over the weekend Task......Yep I can't believe that Dow.... It's the positively of the Americans .It's astonishing it just keeps on going up... We could do with Ftse acting have as bullish ..ditto weekend and enjoying the JD
Morning Opt, still waiting for the cracks to appear...eye watering now.
Hi Task ive been out all day but recently got on......... Dax still hovering but holding its own. I dont know if you got out or not?
I picked up a few pips on the S and P 500 but lost it again on a rash trade on silver