Scalping the Index - Pointers Please

[mazzatelli1000]

The best time to exit is when you identify the trade is not going the way you anticipate.

Sometimes, by the time you figure out you're wrong you've lost your money...ever watched the Hang Seng Move???

 

[druss]

Sometimes, by the time you figure out you're wrong you've lost your money...ever watched the Hang Seng Move???

Nope.

 

[Trembling Hand]

Just as you were wrong your with insistence that your method is the only way so is the idea that its all about getting more winners than losers.

I have a low win rate. Maybe 1/3 winners 1/3 losers 1/3 BE And true I don't know which trade will be the big winner but I never have a max target that is smaller than my stop.

And at the end of trading I have an average winner that is larger than my average loss. Over 100s of trades. I achieve that by having very tight stops. I achieve the tight stops by having non conventional entries.

I would like to see someone scalping CFDs with a target that is the same as the stop over say 50 or 100 trades. Very willing to post 100 of my trades.

And the 2% rule is rubbish when day trading. If you take just 5 trades a day what happens when you have 5 in a row go bad. Minimum thats 10% of your account in one day.

 

[druss]

And the 2% rule is rubbish when day trading. If you take just 5 trades a day what happens when you have 5 in a row go bad. Minimum thats 10% of your account in one day.

I never said use the 2% Rule when day trading. You would have to be an idiot to do that.....

Targets are determined by Price Action. Right???

 

[mazzatelli1000]

Nope.

Hehe

Then go there and apply your method

Then report your results

 

[The_Snowman]

Hey, DRUSS...... thanks for the backup I sent you a PM the other day???

Here is another chart ...........

Stop 147.50

Target 146.00 and lower...............

Or maybe I am not allowed to post such numbers........??? Moderators please advise, thanks, John

 

[druss]

Just as you were wrong your with insistence that your method is the only way so is the idea that its all about getting more winners than losers.

I never said my method was the only way.

Be The Master of Your Own Trading Plan.

 

[professor_frink]

Hey, DRUSS...... thanks for the backup I sent you a PM the other day???

Here is another chart ...........

Stop 147.50

Target 146.00 and lower...............

Or maybe I am not allowed to post such numbers........??? Moderators please advise, thanks, John

no feel free to post your trades

 

[druss]

I achieve that by having very tight stops. I achieve the tight stops by having non conventional entries.

Non Conventional Entries......???

An entry is an entry. Anyone can enter a trade. That's the easy bit....

It's knowing when to exit. That's the hard bit.

Enter at Support/Tight stop.
Enter at Resistance/Tight stop.

Conventional or Non Conventional?

Enter on Break of Support/Tight stop.
Enter on Break of Resistance/Tight stop.

Conventional or Non Conventional?

Enter on Pull Back to Retest Previous Support area as a Resistance Area?

Conventional or Non Conventional?

I've got no idea what the hell a Non Conventional Entry is?? An entry is an entry.

Would you mind letting me know what a Non Conventional Entry is??

 

[mazzatelli1000]

Non Conventional Entries......???

An entry is an entry. Anyone can enter a trade. That's the easy bit....

It's knowing when to exit. That's the hard bit.

Enter at Support/Tight stop.
Enter at Resistance/Tight stop.

Conventional or Non Conventional?

Enter on Break of Support/Tight stop.
Enter on Break of Resistance/Tight stop.

Conventional or Non Conventional?

Enter on Pull Back to Retest Previous Support area as a Resistance Area?

Conventional or Non Conventional?

I've got no idea what the hell a Non Conventional Entry is?? An entry is an entry.

Would you mind letting me know what a Non Conventional Entry is??

Ill have a crack

Everyone sees a common level of support
As you say people will place buy orders near that level and stop orders under support (except you of course cause only exits matter )

This is conventional - as it is taught by many books and practitioners. Pro traders (not me) often fish out those stops before the real moves begin

Unconventional --- well its TH's own entry

 

[Trembling Hand]

Non Conventional Entries......???

An entry is an entry. Anyone can enter a trade. That's the easy bit....

It's knowing when to exit. That's the hard bit.

Would you mind letting me know what a Non Conventional Entry is??

Why don't you post 100 trades with your 1:1 risk to reward and I will do the same. Then all will be clear.

 

[druss]

Why don't you post 100 trades with your 1:1 risk to reward and I will do the same. Then all will be clear.

Is that a My Penis is Bigger than yours Request. Show me yours and I'll show you mine sort of thing.

 

[Trembling Hand]

Is that a My Penis is Bigger than yours Request. Show me yours and I'll show you mine sort of thing.

Call it what you want. But the internet is full of 6 month experts without any proof of their expertise.

Wouldn't you like to prove me wrong and show that you can trade with a 1:1 ratio? I reckon anyone looking for pointers to index trading, which this thread is about, is looking in the wrong direction with anything near a 1:1 ratio. especially with expensive CFDs

Thats all. But I could be wrong. Just have never seen it. And suspect I will not.

 

[druss]

I never said I was trading 1:1 ratio mate.

Just said it was possible.

 

[druss]

A real man, doesn't ask to see the size of another mans penis.....

 

[druss]

 

[Trembling Hand]

LOL. You are Kidding??

Am I reading that right. On the 14/5/08 you had a position of 49 SPI contracts (unbelievable madness trading CFD with that size), I am assuming they were all one trade as they were spewed out at the same price. Which is $2450 just for the spread. Thats 2% of your account. For god sake!

Either that is a demo account or the reason that the trades are from 3 months ago is because you have blown up.

 

[druss]

Yep, I bew my account....

Guess I should stop wasting my time posting stupid stuff on stupid forums.

Bye

 

[Trembling Hand]

Perfect!!

that sums it up, druss the demo account expert.

 

[druss]