Aliassmith Beats a "Dead Horse"

free & uncensored discussion arena for TheRumpledOne

Moderator: moderators

User avatar
prochargedmopar
rank: 5000+ posts
rank: 5000+ posts
Posts: 6376
Joined: Sat Dec 20, 2008 6:07 am
Reputation: 581
Location: Granbury, TX
Gender: Male
Contact:

Re: Aliassmith Beats a "Dead Horse"

Postby prochargedmopar » Sat Oct 10, 2020 6:06 am

aliassmith wrote:
prochargedmopar wrote:
LeMercenaire wrote:UK100 takes centre stage this morning. In at 08.45 uk and just out now around 10.40 ish.

.UK100.M15asDeadHorseWideViewFrom08.45ukOct9th2020.png

.UK100.M15asDeadHorseHitsTPonOct9th2020.png


In the next week or two Imma open a Ninja micro account so I can trade Dow and ES.
At least I'll have access to it so I can start getting familiar to the platform.

Is this the best broker/way to start with futures?
1st of November I go to next stage of trading plan.


Don't forget your data package
https://www.ampfutures.com/trading-info ... data-fees/


This is why I would go to futures/indexes.
1/5th to 1/4th the margin required per lot size.

Easier to get to target lot size.
Also, isn't it like 1/2 the "spread" cost when trading dow and es?
#1BODY in direction of profit #2INCREASE lot size Obsessively
My Losses cause me Great Laughter!
Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.

aliassmith
rank: 1000+ posts
rank: 1000+ posts
Posts: 2533
Joined: Tue Jul 28, 2009 9:50 pm
Reputation: 830
Gender: Male

Re: Aliassmith Beats a "Dead Horse"

Postby aliassmith » Sat Oct 10, 2020 6:53 am

prochargedmopar wrote:
aliassmith wrote:
prochargedmopar wrote:
In the next week or two Imma open a Ninja micro account so I can trade Dow and ES.
At least I'll have access to it so I can start getting familiar to the platform.

Is this the best broker/way to start with futures?
1st of November I go to next stage of trading plan.


Don't forget your data package
https://www.ampfutures.com/trading-info ... data-fees/


This is why I would go to futures/indexes.
1/5th to 1/4th the margin required per lot size.

Easier to get to target lot size.
Also, isn't it like 1/2 the "spread" cost when trading dow and es?


Margin per mico is about $40
Data is about $30/month
Commission was about 2 ticks/trade
Spread was 2+ ticks
Thats the info when I traded them

Micros cost more to trade than the mini

There are a couple of "cool" things about futures
You could be margin called
You could get limit up or down locked into a trade
You could owe more money than you invested

Do your due diligence PRO its a different game.
Trade Your Way as Long as It Makes Money!

User avatar
LeMercenaire
rank: 1000+ posts
rank: 1000+ posts
Posts: 2820
Joined: Tue Sep 27, 2016 12:11 am
Reputation: 2069
Gender: None specified

Re: Aliassmith Beats a "Dead Horse"

Postby LeMercenaire » Sat Oct 10, 2020 12:46 pm

aliassmith wrote:
LeMercenaire wrote:
aliassmith wrote:
I purposely don't show all my cards on here but I prefer trading the DOW through the US30. :wink:

Why you may ask? Because they don't cost average your positions or use FIFO.

It was really a toss up between focusing on the EU or that.


The US30 is one of my favourites. USTech is also featuring more and more.


Is USTech the nasdaq?
I have the US100 which is nasdaq I believe.


Tracks the top 100 Tech stocks on the NASDAQ. CFD.

User avatar
dojirock
rank: 1000+ posts
rank: 1000+ posts
Posts: 1829
Joined: Tue Nov 17, 2009 10:11 pm
Reputation: 614
Gender: Male
Contact:

Re: Aliassmith Beats a "Dead Horse"

Postby dojirock » Sat Oct 10, 2020 6:20 pm

NQ is like the GPB/JPY of forex.... When starting out I recommend the micro ES (the USD/JPY of forex) or my favorite YM (DOW) seems to fall right down the middle. While all three trade the same direction. Often I trade the micro ES but base all my trades and Charting off the mini ES, works well. I have buddies that trade the CFD's out of Thailand, they love the USDollar and Nikkei. Nikkei is great during Asian Session. Just a suggestion, pick 2 and learn them, breath them, get to know there every nuance. :) I have never understood traders that constantly change what they are trading. Just an opinion.

doji
It always takes Momentum to break Momentum!
"A small loss is just as satisfying as a large gain" -MO
"Sometimes we need to stop learning and start thinking...."
"Once you stack, you'll never go back!"

aliassmith
rank: 1000+ posts
rank: 1000+ posts
Posts: 2533
Joined: Tue Jul 28, 2009 9:50 pm
Reputation: 830
Gender: Male

Re: Aliassmith Beats a "Dead Horse"

Postby aliassmith » Sat Oct 10, 2020 7:41 pm

dojirock wrote:NQ is like the GPB/JPY of forex.... When starting out I recommend the micro ES (the USD/JPY of forex) or my favorite YM (DOW) seems to fall right down the middle. While all three trade the same direction. Often I trade the micro ES but base all my trades and Charting off the mini ES, works well. I have buddies that trade the CFD's out of Thailand, they love the USDollar and Nikkei. Nikkei is great during Asian Session. Just a suggestion, pick 2 and learn them, breath them, get to know there every nuance. :) I have never understood traders that constantly change what they are trading. Just an opinion.

doji


Ya NQ is a wild beast.
No matter what you trade you have to manage risk based on that vehicle.
Yes yes yes its best to specialize.
Trade Your Way as Long as It Makes Money!

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.

aliassmith
rank: 1000+ posts
rank: 1000+ posts
Posts: 2533
Joined: Tue Jul 28, 2009 9:50 pm
Reputation: 830
Gender: Male

Re: Aliassmith Beats a "Dead Horse"

Postby aliassmith » Sat Oct 10, 2020 8:11 pm

E-mini NQ futures
Minimum tick size .25
Moves about 12 to 16 ticks per minute candle.
At $5 per tick per contract.

Micro NQ is 50 cents per tick

https://www.cmegroup.com/trading/equity ... q-100.html
Trade Your Way as Long as It Makes Money!

aliassmith
rank: 1000+ posts
rank: 1000+ posts
Posts: 2533
Joined: Tue Jul 28, 2009 9:50 pm
Reputation: 830
Gender: Male

Re: Aliassmith Beats a "Dead Horse"

Postby aliassmith » Sun Oct 11, 2020 12:30 am

https://youtu.be/9ZxeTUJVUQg
Good lessons in there.
Trade Your Way as Long as It Makes Money!

aliassmith
rank: 1000+ posts
rank: 1000+ posts
Posts: 2533
Joined: Tue Jul 28, 2009 9:50 pm
Reputation: 830
Gender: Male

Re: Aliassmith Beats a "Dead Horse"

Postby aliassmith » Mon Oct 12, 2020 9:39 pm

aliassmith wrote:E-mini NQ futures
Minimum tick size .25
Moves about 12 to 16 ticks per minute candle.
At $5 per tick per contract.

Micro NQ is 50 cents per tick

https://www.cmegroup.com/trading/equity ... q-100.html


I was looking at this today. The way it moves it could be scalped based on whole points instead of ticks.
An ATR of 12 could be used as a SL.
30 points could be 1% - on the M1 covering 2 hours chart during US there was plenty of points to get.
Doing it this way I think the costs would be minimized.
Doing it this way cost(spread plus comm.) should be less than $2/micro-contract.
Risk would be about $12 per loss looking to average at least $18 per gain or better.
Account size per micro $6000 conservatively.

Full mini lot would be about $110 risk looking for $180 average gain or better.
Low lots available on this index, but if you want to trade 3-6 lots it could work.
Account size per mini $60,000 conservatively.

If you need those big lot sizes then EU and SP500 have a lot of volume

Hmm :!:
Attachments
T100M1.10122020.png
T100M1.10122020.png (20.02 KiB) Viewed 316 times
Trade Your Way as Long as It Makes Money!

User avatar
LeMercenaire
rank: 1000+ posts
rank: 1000+ posts
Posts: 2820
Joined: Tue Sep 27, 2016 12:11 am
Reputation: 2069
Gender: None specified

Re: Aliassmith Beats a "Dead Horse"

Postby LeMercenaire » Tue Oct 13, 2020 5:03 pm

Had a Doc's check in appointment at 13.35 today, so caught this set up and ran it with the stop set and as I was being driven, managed the thing on my phone as it triggered and ran.

Set it up off an entry via a pullback to the Z-Line Kill-Zone to get a better price and also to give me a smaller stop should I have gotten it wrong.

Took 1:1.5 on the first move...

GBPUSDM15asDeadHorseWithPullBackToZ-LineKillZoneForBetterEntryOct13th2020.png
GBPUSDM15asDeadHorseWithPullBackToZ-LineKillZoneForBetterEntryOct13th2020.png (47.07 KiB) Viewed 251 times


Came out of the Doctors' office and although I had missed the better second Z-Line entry on the next leg, I did get the standard Dead Horse ''in''.

GBPUSDM15secondentrywentstraighttoTarget2Oct13th2020.png
GBPUSDM15secondentrywentstraighttoTarget2Oct13th2020.png (46.83 KiB) Viewed 251 times


This one went straight to 1:2

I closed it as we were driving and I was getting carsick looking down at my phone! :P :P :P

All good.

User avatar
LeMercenaire
rank: 1000+ posts
rank: 1000+ posts
Posts: 2820
Joined: Tue Sep 27, 2016 12:11 am
Reputation: 2069
Gender: None specified

Re: Aliassmith Beats a "Dead Horse"

Postby LeMercenaire » Tue Oct 13, 2020 5:09 pm

At 09.15 uk this morning, you'd have had a clear entry short on my usual fav.

EURAUDM15asDeadHorsefavAt09.15ukOct13th2020.png
EURAUDM15asDeadHorsefavAt09.15ukOct13th2020.png (33.66 KiB) Viewed 246 times

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.


Return to “TheRumpledOne”