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

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02/24/2023 at 11:18 AM #210402 quote

JS
Participant

Senior

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…

GraHal thanked this post

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

shug
Participant

Junior

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

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

shug
Participant

Junior

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

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

JS
Participant

Senior

Better stick to scalping m8… LOL

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

shug
Participant

Junior

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%

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

JS
Participant

Senior

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

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

shug
Participant

Junior

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?

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

shug
Participant

Junior

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

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

shug
Participant

Junior

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

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

shug
Participant

Junior

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
GraHal thanked this post

Screenshot-2023-02-24-115630.jpg

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

shug
Participant

Junior

Pic from years ago
eur-jpy-5-minute.jpg

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

shug
Participant

Junior

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
GraHal thanked this post

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

shug
Participant

Junior

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

3-line-touches.jpg

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

shug
Participant

Junior

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.

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

shug
Participant

Junior

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!
JS thanked this post
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