Any Instrument – Discussions on Price Action, Technical & Fundamental Analysis

• 02/21/2023 at 6:04 PM #210082
  JS

  My main statistics are:

  WinRate: 43%

  Profit/Loss ratio: 1.4

  Risk/Reward ratio: 1.86

  

  JS

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  02/22/2023 at 2:45 PM #210140
  shug

  Having a few trades on the us NDAQ 100 just to see if it works for me

  looks ok but Ill need more trades to analyse

  

  shug

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  02/22/2023 at 2:48 PM #210142
  shug

  I can go up to £13 a point with this market which makes a big difference to my scalping, less trades, more time for other things

  

  shug

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  02/22/2023 at 3:07 PM #210143
  JS

  I closed my short trade with a nice profit of 850 euros…

  

  JS

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  02/22/2023 at 3:13 PM #210146
  shug

  That was a great trade!

  good stuff

  1 user thanked author for this post.

  JS

  

  shug

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  02/22/2023 at 3:25 PM #210148
  shug

  support resistance 1 hour chart NDAQ 100

  

  shug

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  02/22/2023 at 3:56 PM #210150
  PeterSt

  JS wrote:

  I closed my short trade with a nice profit of 850 euros…

  Great !
  But did you close it or did your System did that as planned ?

  

  PeterSt

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  02/22/2023 at 4:05 PM #210151
  JS

  I closed the position to take the profits…

  The system wanted to keep the position open… (short)

  

  JS

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  02/22/2023 at 4:22 PM #210152
  PeterSt

  Well, you see what is happening now. Not that this is the message, but the system should of course decide herself. No news there. 🙁

  Below you see how it ended with me. Net this is still profit. And by the times you can see where the (bad) turn happened. But point it, it’s already back in the shorts and it will level out again. Well, that is what I assume.

  In the 2nd picture you see another one. The 2nd line shows the bigger shark I threw in the pond. 3rd picture shows when that happened … this was again yesterday and it represents your 880. One thing : that was manual all the way (ending in a Limit order).

  Somehow I refuse to manually exit orders (hence stop Systems) because it won’t force me to improve the System/Strategy. And I was just curious for how your approach would be. It is good that you survived the weekend – mine all went out automatically on Friday. Nothing to decide. And at this moment ? nothing to be sorry for. That I would be with manual trades and me definitely also throwing out the trade at the time you did. But …

  A nice entry is one; a nice exit is … well … difficult ?

  Thank you for sharing !

   

  

  PeterSt

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  02/22/2023 at 6:11 PM #210161
  shug

  Scalping is a bit different with this market but still not lost 1 yet

  

  shug

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  02/22/2023 at 6:24 PM #210171
  shug

  Candles are the same but its speed and smoothness is taking me a bit to get used to, I’ll do 100 trades to see if I can get myself used to it, I’m on trade 30 or so for the day

  price is a bit stutter compared to us30 which is smoother

  

  shug

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  02/22/2023 at 6:52 PM #210180
  shug

  I changed to the 1 min time frame earlier today for my scalps it works better than the 5 minute for me with this market.

  1 days not enough to find out if I’ll stick to this market but margin is certainly much better if I decide to ramp it up a bit.

  

  shug

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  02/23/2023 at 7:49 AM #210221
  PeterSt

  About “fundamental analysis” and such (small hint for shug as well 😉 ) :

  It is of course a strategy to let your System decide where/when a position is opened, while you yourself decide when it is closed again. I think GraHal does that too, but maybe not for “strategy approach” as such (more from locking in profit like Jaap did). I think this may work well once the trades run longer. Or … when you explicitly let them run for longer, which is what I expect from what Jaap did (just no Exit in the code when in winning mood). For Scalping ? …

  Personally I don’t see this working for scalping (my Strategies come down to that fairly much). Scalping (in my view and experience) is always about a plan. You do such when that is in order and you will wait for x to go out on y. And this may change many times on a day. Now if the system would decide your entry, you won’t have that plan (this is how I envision it). So then what to do (with maybe seconds of time to decide) ?

  Ideas ?

  

  PeterSt

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  02/23/2023 at 8:36 AM #210225
  shug

  I have been setting a 3 point tp on my trades after spread, a lot of my trades run on and this can be annoying knowing there was a lot more on the table to get. The market price continually bobs up and down so even if price only ends up going 100 points overall in 1 direction I might get 200 points because in amongst that 100 point up or down it goes the opposite way a lot. Yesterday with my 32 trades I got 93 points overall, I didn’t go for every trade as I was out  and away from the computer quite a bit.

  I like the idea of (not worrying) about a trade if I’m busy and have to nip out for something during the day.

  I know I can put stops and take profits on then go out but its not the same, I like to monitor the trade and catch more opportunities as they happen.

  Lately I’m trying to get in the habit of letting part of my trades run longer, I’ll see how it goes.

  Sorry It was 31 trades yesterday not 32!

  

  shug

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  02/23/2023 at 8:42 AM #210227
  shug

  Fundamental analysis is too complicated for me I can’t understand it even with my linguistic background so for the average person It just  doesn’t make much sense, between that and misdirection and late news etc I personally gave up on it.

  To me its like driving a car, you can without knowing how it works under the hood but its no doubt easier if you do when you break down, so its useful to know fundamentals in those times which do happen now and then.

  for me its just enough to know when important information is coming out and be extra careful like the car metaphor if your going on a long trip join the AA before hand just encase

  

  shug

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