I know the instrument I trade very well. I like it. Gaps are rare and big dividend gaps are completely foreseeable.
The CFD providers must have changed thier color since TH fleeced them...they let you win.
You should send your track record into Propex and see if they'll fund you
I have no need for a prop firm at the moment. I don't need more capital.
There are quite specific liquidity limits I have to work within which are artificial, not to mention the artificial up-to-5 point spread after hours. Whilst I stay under the radar (i.e. only take money from other CFD traders) all is well.
I have no need for a prop firm at the moment. I don't need more capital.
Well its not just capital that they provide, but hey if you're happy on your own then more to you!
This looks potentially interesting.
I've bet long with a smallish position to begin with. Let's see where it leads.
Going down fast, good call.
Was home early today so (sim) traded from the open. Drew in channels from last couple of days and shorted 2 (hypothetical) contracts at 6876.5 and 6877. Got caught up with family and dinner etc so put on 2 take profits and a stop loss as I had planned to trade. Came back an hr later with +35 pts (first trade off 6867.5) 2nd at 6851. If only it could be that easy every day. Not letting it go to my head. Disclaimer - last 3 to 4 days of sim trading have been flat or down 5-10 pts stopped out, so not proclaiming to suddenly have clicked. Things I'm slowly getting through my thick skull last week or so: - If I can't get on until after 8pm don't trade falling price action (ATR) - Definitely don't try and trade from the middle of expected price action channel for ranging days if starting >couple of hours after the open (wait for support or resistance off lows or highs AND strong price action or STAY OUT) - WAIT for price action (5min bars) to show where to get in and out, DON'T try to predict just to get in early (and usually incorrectly) - Once stops are in place chill out and only pay attention to closed bars - Can still see potential for writing some code to warn me when classic reversal set ups are forming or major breakouts begin - have started furrowing my VB.NET brow again. If I'm going to trade a longer timeframe (5mins) I'm starting to think there are serious benefits actually not sitting in front of the screen watching every tick - I tend to want to do EXACTLY the wrong thing and try to 2nd guess the market. Probably better to leave it on autopilot once stops get to break even. - Remember I'm a dumb beginner that will be trading one contract and needs all the help he can get from high probability set upsHey, my post count is 100, not out (extra buy order 6873.5 was mistake must confess, mucking around learning to use the DOM) <img src="https://www.aussiestockforums.com/forums/attachment.php?attachmentid=57973"/>
Upthrust on 5 min chart followed by no demand = great setup.
Stood out massively to me.
...... mucking around learning to use the DOM)
6880 holding by the looks of it.
My stuffing around has cost me by taking off a contract and losing 10 points scalping when I shouldn't do that at all!!
Annoyed.
Deep breath... 1 contract is better than none.
Hugely important rest of the night now to see how this plays out.
Or in PA terms it was a TL break, LH retest, fBO and OD bar trap and 2nd entry short
Dogs balls really:
Good lad...use it to get prices on sale too !
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