The following method is expected to generate 100 ticks weekly on Dow /Dax.
I don't trade any other instruments except for lulz postings.
Every trader has his own comfort zone , within which he will trade , so every individual has to change this method to fit hit his risk appetite.Many traders are not prepared to lose money , they should not trade , until they can lose real money with discipline and are able to feel that a losing trade is psychologically confirming that they are trading well , that they are trading with discipline.Psychology is 80 % of trading success , so read the popular articles from top properly qualified psychologists (not traders who think they might know trading psychology) and listen to you tube videos from them.
This method is psychologically correct , because it reduces the fears and psychological flaws of the trading mindset.It also provides certainty of risk at value and trades probabilities.It is a mechanical system with variations , it is also a set and forget method.
There are only two instruments to trade , so there is less wastage of time looking for opportunities.THERE IS LESS INFORMATION PROCESSING INVOLVED in
Please don't post any other non method trades or instruments on this thread.You are welcome to post your trades related to this system.Please I don't want distractions.
Daily Method
This method uses weekly and daily options .Every cash trade is hedged with options , if long cash a long put at the money or near the money is bought ,with a maximum risk of 30 ticks /usually aim for 20 or 10 ticks.It is important to manage this risk , because profits are expected to be small like 20 ticks.
I may change this daily method to buy only options occasional.
Weekly method
The starting risk on weekly options is 60 ticks .Every cash trade against weekly options is hedged with options , if long cash a long put at the money or near the money is bought ,with a maximum risk of 60 ticks /usually aim for 40 or 30 ticks.It is important to manage this risk , because profits are expected to be small like 40 ticks.
Daily Method single options.
Sometimes there will be opportunities to buy options for 12 ticks , In place of doing hedged trades .
This method is long biased and aims to but at supports , supports do get broken in the short term , but the options enable the trades to be kept open for the rest of the day .
The first two trades are long , the first long trade will be at a support level , an indicator is provided for mt4 , but really a good trader should know his supports subconsciously.Also read about support and resistance and tested and retested support and resistance to understand support trading.
The second trade long is 50 ticks lower , after two long trades a short trade will be put on 50 ticks lower or 30 ticks above the second long trade .Trader can have two short trades , if two long trades are open.
Overriding the system is allowed by 5 ticks profit and if other counter direction trades are open.
Risks : There are days when there will be low volatility and losses will be incurred , there will also be extreme volatility of several hundred ticks on other days.Option prices will increase when volatility increases.
In my previous thread , I achieved 4 consecutive profitable weeks profit of over 100 ticks each week , using this method .I mixed these trades in this thread.
http://ift.tt/2uHUppJ
Today's example trades are shown .Yesterday I had 7 trades 5 wins 3 losses , net 40 ticks profit ,some at £50 per tick.It will be easy for me to make 100 ticks a week @£50 eventually or currently £10 per tick average.
After 4 consecutive losses I increase my stake to double , same after 8 losses and 12 losses
Practice on demo first , this hp system
http://ift.tt/2sv8X6Q
I don't trade any other instruments except for lulz postings.
Every trader has his own comfort zone , within which he will trade , so every individual has to change this method to fit hit his risk appetite.Many traders are not prepared to lose money , they should not trade , until they can lose real money with discipline and are able to feel that a losing trade is psychologically confirming that they are trading well , that they are trading with discipline.Psychology is 80 % of trading success , so read the popular articles from top properly qualified psychologists (not traders who think they might know trading psychology) and listen to you tube videos from them.
This method is psychologically correct , because it reduces the fears and psychological flaws of the trading mindset.It also provides certainty of risk at value and trades probabilities.It is a mechanical system with variations , it is also a set and forget method.
There are only two instruments to trade , so there is less wastage of time looking for opportunities.THERE IS LESS INFORMATION PROCESSING INVOLVED in
Please don't post any other non method trades or instruments on this thread.You are welcome to post your trades related to this system.Please I don't want distractions.
Daily Method
This method uses weekly and daily options .Every cash trade is hedged with options , if long cash a long put at the money or near the money is bought ,with a maximum risk of 30 ticks /usually aim for 20 or 10 ticks.It is important to manage this risk , because profits are expected to be small like 20 ticks.
I may change this daily method to buy only options occasional.
Weekly method
The starting risk on weekly options is 60 ticks .Every cash trade against weekly options is hedged with options , if long cash a long put at the money or near the money is bought ,with a maximum risk of 60 ticks /usually aim for 40 or 30 ticks.It is important to manage this risk , because profits are expected to be small like 40 ticks.
Daily Method single options.
Sometimes there will be opportunities to buy options for 12 ticks , In place of doing hedged trades .
This method is long biased and aims to but at supports , supports do get broken in the short term , but the options enable the trades to be kept open for the rest of the day .
The first two trades are long , the first long trade will be at a support level , an indicator is provided for mt4 , but really a good trader should know his supports subconsciously.Also read about support and resistance and tested and retested support and resistance to understand support trading.
The second trade long is 50 ticks lower , after two long trades a short trade will be put on 50 ticks lower or 30 ticks above the second long trade .Trader can have two short trades , if two long trades are open.
Overriding the system is allowed by 5 ticks profit and if other counter direction trades are open.
Risks : There are days when there will be low volatility and losses will be incurred , there will also be extreme volatility of several hundred ticks on other days.Option prices will increase when volatility increases.
In my previous thread , I achieved 4 consecutive profitable weeks profit of over 100 ticks each week , using this method .I mixed these trades in this thread.
http://ift.tt/2uHUppJ
Today's example trades are shown .Yesterday I had 7 trades 5 wins 3 losses , net 40 ticks profit ,some at £50 per tick.It will be easy for me to make 100 ticks a week @£50 eventually or currently £10 per tick average.
After 4 consecutive losses I increase my stake to double , same after 8 losses and 12 losses
Practice on demo first , this hp system
http://ift.tt/2sv8X6Q
20 /30 profitable Dow Dax weekly 100 ticks profit
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