WeeMee said
had a terrible day today. the one good trigger i took was a nas buy at us open, but like a fool i closed it early when it started looking weak, but it was only taking a break before it pushed on to my tp and beyond. some days its so easy, while days like today seem made to lose money. fresh start tomorrow.

Hey man, just keep your SL tight and shoot for at least 1-1.  Also the Nasdaq seems to be the most volatile of the group. Try walking your SL on the Nas.   If nothing else, just wait for the key market times and look for entries.  stick to your SL.  They will hit.  Working on a probability calculator that may help some people.

Will release it soon.

OUT +25

Rob S said
Took an absolutely stupid short that cost me 8 pips on a Pre-market open trade.  Everything said don't take it ...but took it anyway.  But smartly punched out -8.  

But after US news cleared took the EU long

Walking the SL up, so far so good.

 

Had a winner on Dow options trading today.  Great market close trade. 2 of those a week and I could retire.

WeeMee said

koeart said

WeeMee said
took a buy on the EU this afternoon which was a few pips short of tp, before it went to BE

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took this sell on the S&P500 , this one worked as planned, even got a bit extra by ading to the trade.

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nice S&P trade WM 🙂

that EU trades hurts my eyes a bit 😉 to bad you hit BE on that one!

it feels good to get out at BE if it is a loss but when it goos to TP......

i hear you on the eu buy, lpt can be a godsend, but can also cause a winning trade to break even. hard to decide some times.

 

as for the SP500, i entered  it on a purple pattern, so nice RR on that one. gonna try to stick to continuation trades on my indices/CFD's and only go counter trend on eu and gu when the brown has turned the price. no more oil trades for now as the potential losses can be too big for my present trade sizes. pity they don't do half or quorter contracts on oil, still gold, eu, gu and sp500 should be plenty of markets to find 1 or 2 nice trades per day.

 

edited to add:

nice one Rob, what platform do you use for your call and put options? i assume you are talking about real options not the binary kind? can you explain more how they work?

I use TDameritrade.  No not binaries.   I trade SPY or DIA options from time to time.  Options allow you to trade large blocks of stock at a fraction of the price.  1 option = 100 shares.  So today i was able to essentially short 1,000 shares of DIA ETF or a value of $16200 worth of stock for a fraction of the price.  There are many factors to consider because these are timed investments and can expire worthless.  Decay, volume, expiry date, and leverage are all factors to consider.  The upside is massive and he downside is limited by the initial value.

There is a  learning curve with options.  CFDs are easier.  

Rob S said

  I will bet you that USA has already spoken to the Eurozone and Japan, telling them to juice things with another round of QE because if the USA does it, the Fed will lose face.

 

 

Well there it is.....

How much more stimulus can these guys generate out of thin air?  Now countries are simply taking turns pumping money into the system. Who's turn is it to launch more QE?  I guess Japan is up.  

No matter what they will not let the "markets" fall.  Not sure how it is actually a market if this is the case?

 

Yamamoto: 30 Oct BOJ Meeting 'Good Opportunity' For More Easing

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Japan Ruling Party’s Yamamoto: 30 Oct BOJ Meeting `Good Opportunity' For More Easing - Imperative Inflation Reaches BoJ Goal Around H1FY16

koeart said
2 trades on the EJ this morning.

 

first one is at Frankfurt open.

 

and one more 🙂

Hey Koeart:

Nice trades...Why the EJ?