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

• 02/24/2023 at 11:18 AM #210402
  JS

  So you’re talking about “exposure” and not the actual margin…

  5% margin Nasdaq = 12000 * 0.05 = 600

  5% margin Dow Jones = 33000 * 0.05 = 1650

  If you were to trade 2.75 contracts of Nasdaq, you would have the same exposure (33000) as 1 contract on the Dow Jones…

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  GraHal

  

  JS

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  02/24/2023 at 11:34 AM #210406
  shug

  Another way to look at it is this:

  If I had 12 thousand in my account and placed a buy trade of £1 were it is now, how likely would it be that if shit hit the fan this market would drop 12 thousand points to nothing? , compare that to wall st, 12 thousand points wouldn’t be good but its at 33 thousand so could handle that drop

  

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  02/24/2023 at 11:37 AM #210408
  shug

  More or less yes

  Don’t forget I have been trading for a while, when they changed the margin from £100 for £1 per point to £1600 I actually closed the platform down and stopped trading. That was a big kick in the nuts for me at the time. I also know other traders who chucked it and never came back

  

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  02/24/2023 at 11:38 AM #210409
  JS

  Better stick to scalping m8… LOL

  

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  02/24/2023 at 11:43 AM #210410
  shug

  I’ll stick to what I’m doing and you stick to what your doing, I’m getting along quite nice

  proof is in the pudding as they say

  100% or under 50%

  

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  02/24/2023 at 11:52 AM #210411
  JS

  Sorry, was just a joke… thought you could handle that…

  

  JS

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  02/24/2023 at 12:04 PM #210412
  shug

  No need to say sorry, The meaning I got was .. your thoughts on longer term trades are crap, stick to scalping.

  Is there any other way to get a meaning from it?

  I like a good joke myself, can you let me in on the joke?

   

  

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  02/24/2023 at 12:06 PM #210413
  shug

  Never mind just forget it m8, were here to help each other not bicker like old woman

  

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  02/24/2023 at 12:14 PM #210414
  shug

  I suppose everyone has there own beliefs and trading methods, systems etc all that’s important is getting something that works for them it doesn’t matter if its different, were all learners

  

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  02/24/2023 at 12:59 PM #210416
  shug

  This is the way I used to trade eur/jpy

  Selling on the break of each break of the low and doing the opposite on the way up

  Its good when market slowly goes in 1 direction

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  GraHal

  

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  02/24/2023 at 1:43 PM #210427
  shug

  Pic from years ago

  

  shug

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  02/24/2023 at 1:51 PM #210429
  shug

  The thing I remember about using it was that I would generally get a double top or bottom at the end of the move to get a chance to exit the last trade which was good and an indication of the change in direction, It consolidated you also had a chance of getting out of a bad trade

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  02/24/2023 at 2:11 PM #210431
  shug

  Something else I use for support resistance on the 5 minute chart the 123 touches there usually quite good on any timeframe

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  shug

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  02/25/2023 at 1:21 PM #210467
  shug

  Took my first loss in a while yesterday on that NASDAQ £2 a point for 7 points on a scalp trade, so minimal loss of £14 not had a loss for a while.

  I think I will go back to us30 and stick to that, I’m more tuned into that because I have been trading it so long and the moves are more predictable for my trading style.

  I did ok with NASDAQ 100 and I might return to it at some point but for now I’ll get US30 charts back up again.

   

  

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  02/25/2023 at 1:33 PM #210468
  shug

  JS, Your right pal, I’m better sticking to scalping I’m not good at predicting those long term moves on the higher timeframes.

  No idea why I tried to change what I was doing anyway, what I was doing  was working perfect and was good enough to stick with.

  Anyway, back to US30 and back to scalping!

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  JS

  

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