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21
Shares / Re: ALSI TRADING
« Last post by IndustryGuy on July 17, 2018, 04:54:09 pm »
Why heikin ashis on the one but not the other if you do not mind me asking?
22
Off topic / Live chat
« Last post by jaDEB on July 17, 2018, 03:38:51 pm »
My frikkin Netflieks aggghhhhh
23
Introductions / Re: Hello
« Last post by DontPanic on July 17, 2018, 11:17:16 am »
 ;D ;D
24
Shares / Re: ALSI TRADING
« Last post by DontPanic on July 17, 2018, 10:47:10 am »
Hi Patrick

No problem. 2 contracts @R2 each on the 1 hour strat (a total of R4/pip) and either 1 or 2 contracts on the 5 minute strat depending on my conviction on the actual trade.
The idea is to do this time and time again, build up the trading capital, while regaining trading confidence, and gradually increase the contracts over time.
25
Shares / Re: ALSI TRADING
« Last post by Patrick on July 17, 2018, 10:37:39 am »
Mind if I ask how much money you'll be putting on the line?
26
Shares / Re: ALSI TRADING
« Last post by DontPanic on July 17, 2018, 10:31:59 am »
Okay it's time to write down the rules/ observations- to be added to as time goes by- and theoretically they shouldn't be made or changed in the middle of active trades!! (very easy to do when second guessing yourself). ;)

1. The hourly strat (23-38-81) is the main one. When the EMAs cross they do it for a reason. Don't question why just reverse the position and go with it. If Trump has opened his mouth about something, or SA's financially doomed or whatever it will usually always be reflected in an EMA crossover (up or down). No need to know why...just trade !

2. The 5 minute strat (23-38-81) is like a tug boat, fine tuning the hourly strat. It obviously moves quicker and is there to almost protect the 1 hour strat (hedging where necessary).

3. Both the 1 hour and 5 min strategies will make money independent of each other in their respective time zones. Think of them as separate from each other.

4. Always fight the urge to be "right" (this is a work in progress !!). This strategy works best if you "Know" as little as possible about the markets. Trade it mathematically. It's a numbers and probability strategy. End of story.

5.Take each and every trade/ edge without fail- especially after a failed trade !!

6. Each trading day look at the charts of both strategies and make sure my positions correspond with the price action relative to the moving averages. In other words, based on the picture at any given time, would you rather be long or short, and make sure the positions are aligned to this. (this sounds obvious but anyone who trades will know the feeling of being on the wrong side of the market and staring in disbelief as the market runs away further from you).

7. The market gives and takes away just as quickly. When the market moves in my favour, be quick to take some money off the table. Experience has shown that more often than not the market will retrace somewhat -turning a great trade into an average one.

8. Always use a stop-loss. Not negotiable!-  (IG Markets is good in this regard because their OTC platform means you can't be hit by stop-loss hunters as the Stop-Loss order sits on their server and not in the open market....).

9. Re-read the rules constantly !! ;) ;) ;)
27
Shares / Re: ALSI TRADING
« Last post by DontPanic on July 17, 2018, 10:08:03 am »
OK so the 5 min (23-38-81) have all crossed up. So long position taken- although it's difficult to fight the feeling that the market wants to go down.
The 1 hour strat is still short
28
Shares / Re: ALSI TRADING
« Last post by DontPanic on July 17, 2018, 09:48:23 am »
The ALSI is living up to it's nickname of "The Beast" currently, and takes much conviction in the strategy.
The 1 hour remains short with the 5 min about to go long
29
Off topic / Live chat
« Last post by Patrick on July 17, 2018, 09:45:01 am »
@jaDEB, group 5 is GRF, but they're almost a penny share, if they drop another 10c they won't be on the list of shares anymore.
30
Off topic / Re: Blackwater Global
« Last post by RageW on July 17, 2018, 09:06:48 am »
SCAM ALERT!!! SCAM ALERT !!!! Never send any money to Blackwater Global because you will not see it again, no matter what they promise you. These are masters in taking peoples hard earned money. Never make the mistake to trust these people
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