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Messages - DontPanic

Pages: [1] 2
1
Shares / Re: Just like 2008....
« on: July 31, 2018, 08:12:40 pm »
Thanks for sharing some very wise words Bevan. Would love to one day do what you have done, stepping off the rat race.

Reminds me of something I read recently.
Einstein's definition of happiness...

"A calm and modest life brings more happiness than the pursuit of success combined with constant restlessness.

2
Shares / Re: ALSI TRADING
« on: July 31, 2018, 06:43:07 pm »
1 hour is long
5 min is long

Lessons learned: the 5 minute strat works but you need to catch it crossing! (hard for me due to day job).
The 1 hour remains dependable and I'm convinced more than ever that if every cross (edge) is taken it will continue being profitable.

3
Shares / Re: ALSI TRADING
« on: July 27, 2018, 10:23:28 am »
1 hour long
5 min long

4
Shares / Re: ALSI TRADING
« on: July 26, 2018, 06:37:16 am »
1 hour is neutral
5 min is supposed to be short (I missed it due to working)

I've decided to not look at charts at all on IG (I'll only use the free charts on Investing.com) as I don't like the fact that after hours trading (5.25pm to 8.30am) distorts the EMAs picture too much. However I do like the fact that with IG you have the opportunity to open or close positions/ hedge positions after hours if necessary (eg if there's big market moving news).

5
Shares / Re: ALSI TRADING
« on: July 24, 2018, 08:43:10 am »
1 hour long... (behaving itself as usual)
5 min long (after a very admittedly choppy period...let's see how we go on this one)

6
Shares / Re: ALSI TRADING
« on: July 24, 2018, 08:40:59 am »
Thanks Oversix. Will do :)

7
Shares / Re: ALSI TRADING
« on: July 20, 2018, 12:17:22 pm »
1hour long
5 min long
But watching closely due to Trump's latest trade war threats

8
Shares / Re: ALSI TRADING
« on: July 20, 2018, 07:52:26 am »
The 1 hour remains neutral
The 5 minute is also neutral. It has been whipsawing long and short all week. Very difficult to trade and very frustrating. However I do believe that over the course of the month the inevitable break out-long or short- will compensate for the losses. Over time it would be good to find a way to identify a choppy market beforehand.  :o

9
Shares / Re: ALSI TRADING
« on: July 20, 2018, 07:44:54 am »
Hi Bevan

Sorry for the late response- been busy with the day job.
Yes I am using IG to trade- for the very reason that you can be both long and short in the same account at the same time (force open).
My idea is that both time frames (1 hour and 5 minute) will both make money over a given time, independently of each other. It just so happens that at times one will hedge the other. But in my mind they are separate. Don't know if that makes sense?
Thanks for sharing your strategy...I'll have a good look at it on the weekend. I totally agree with you about sticking to and trusting your "edge" !!  ;)

10
Shares / Re: ALSI TRADING
« on: July 18, 2018, 01:32:12 pm »
UPDATE:

1 hour neutral
5 min short

11
Shares / Re: ALSI TRADING
« on: July 18, 2018, 09:00:47 am »
UPDATE

5 min long
1 hour neutral

12
Shares / Re: ALSI TRADING
« on: July 18, 2018, 08:14:40 am »
Hi Bevan

Will look to answer your questions later today. But just on the one point in terms of scalping.

If you look at the numbers 23-38-81 on a 5 minute chart. To my reckoning that means it's 23 times 5 and so on which equates to 115-190-404. What this means is that a full crossover of the EMAs only occurs every 2 or 3 days.
On the 1 hour the full EMA crossover only happens every 10 days to 2 weeks.

13
Shares / Re: ALSI TRADING
« on: July 17, 2018, 05:12:21 pm »
Have closed position on 1 hour and waiting to go long
The 5 min is still long

14
Shares / Re: ALSI TRADING
« on: July 17, 2018, 05:09:16 pm »
No problem

Only because I can't find Heiken Ashies on the IG basic platform.

15
Introductions / Re: Hello
« on: July 17, 2018, 11:17:16 am »
 ;D ;D

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