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Online Share Trading

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Electrox
Super Contributor
trading the alsi the easy way. 100pts stops loss 100pt to 200pts targets. comments welcome trade 1.) long 29100
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34 REPLIES 34
Oom_Boom
Frequent Contributor
And your entry criteria and time frame?
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grommet
Regular Contributor
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Electrox
Super Contributor
good morning guys. entry critea is purly horizontal support and resistence. forgot to mention that the timeframe we trade on is the 5min and there are NO overnight positions held..last trade always closed at 17:25 yesterdays trade was a scratch trade. today we still waiting for a trade. wil post entry when a setup develops today. patience is always hey .
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Electrox
Super Contributor
Grommet.. if you think a loss is eina then your completely trading the way 90% of traders trade.. 100pts loss = 1% loss of account equity which is the appropriate way my money management is setup.
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Electrox
Super Contributor
nov 18th Trade 1 : short : 28720 stop : 28820
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Electrox
Super Contributor
18nov trade setup 2: go long 28680 stop 28580
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Electrox
Super Contributor
setup 2 = 100pts loss setup 1 = still short from 28720
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Rams
Super Contributor
are you long and short at the same time?
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Electrox
Super Contributor
Yes rams short from 28720 stoploss moved to 28760. petential target today around 400-350 if we right.
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Rams
Super Contributor
what happens when you get stopped out on both trades...200 points?
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Electrox
Super Contributor
seldom happens..but i guess then you loose 200pts.. but in most cases when the one trade stops you out. the other one put you in a position to move the stoploss.
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richardw
Super Contributor
If only the weather report could use stops like that. "We think it'll be hot/cold with a 5 degree stop. Can't go wrong."
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Electrox
Super Contributor
short trade from 28720 stop moved to 670. look like either we stopped out just now or we close the trade at 17:25
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Electrox
Super Contributor
banked short 28420 for a handsome 300pt gain. so summary for today is 1 loss @ 100pts and 1 win at 300pts net +200pts today .enjoy the weekend.
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Rams
Super Contributor
200 points is 200 points...how long you been doing this
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doomsdayza
Super Contributor
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Rams
Super Contributor
There are lots of systems but the key is CONSISTENCY...
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Electrox
Super Contributor
hi guys. so its been a quite day with no setups yet. right now orders to go long are at 28005 100pts with a stop loss.
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Electrox
Super Contributor
filled lon 28005 stop loss in hard at 27905..lets see where ends in the next hour or so
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