Need somewhere to think out loud,

[Turveyd]

If you like fast and volatile markets on 1min scale I recommned you to look at COMEX Gold future. This animal is active on London or NY session or both and 80% of days good moves takes place. Also micro contract is avialable (1$ per tick) so no need to trade CFDs if one wanna start small.

I do need to go futures at some stage,. But getting method down and stopping forming opinions and just trade what I see if more important currently.

Just checked XAUUSD, good movement, tight spread relative to movement and cheap margin, so could build positions with my slower method which it appears to respect. No idea on spread cost at night but might be tradeable all day and night.

Thinking adapt auto SL to suite and follow, then multiple limit orders to enter trend stop trying to accurately pick an entry.


Thanks, new plan change is good, even if I only learn something.

 

[Turveyd]

If you like fast and volatile markets on 1min scale I recommned you to look at COMEX Gold future. This animal is active on London or NY session or both and 80% of days good moves takes place. Also micro contract is avialable (1$ per tick) so no need to trade CFDs if one wanna start small.

Trade 1 gold +$25
Trade 2 gold went to $20 pp, 2 positions in +$60

Dax and NQ get too scarey might switch to just gold, just up lot sizes.

MTB day better get out of bed and eat something or I'll be too weak!

 

[kaizer]

I do need to go futures at some stage,. But getting method down and stopping forming opinions and just trade what I see if more important currently.

it is essential if you are serious about trading, no pro trader trades CFD at least intraday


==Trade 1 gold +$25
==Trade 2 gold went to $20 pp, 2 positions in +$60


how much it is in points/ticks?


I do not trade gold futures, but in the process of development mechanical trading system for this market. For old fart like me it is impossible to trade it manually after years with turtle FGBL.


I use this setup for the strategy: constant volume bar 200 contracts is trading timeframe. Often we can see more that 1 bar per 5 seconds so no way to handle it manually. The trading context is built from higher timeframe, namely constant volume chart of 2000 contracts. The thin levels are Keltner channel from 2000V projected into 200V. The thick lines are major swing levels from 2000V from prior day and serve me as filters when to ignore trading signals. These levels save my ass from buy the local top and sell the bottom. The airspace from 1955 to 1930 for sells and from 1930 to 1950 for buys is more that enough. Entries and exits comes from chart patterns on 200V.

I think that Keltner channel from higher timeframe can be easily replaced by some momentum study from trading timeframe, for example envelopes or bollinger bands, which is not true for thick lines.

 

[Turveyd]

it is essential if you are serious about trading, no pro trader trades CFD at least intraday


==Trade 1 gold +$25
==Trade 2 gold went to $20 pp, 2 positions in +$60


how much it is in points/ticks?


I do not trade gold futures, but in the process of development mechanical trading system for this market. For old fart like me it is impossible to trade it manually after years with turtle FGBL.


I use this setup for the strategy: constant volume bar 200 contracts is trading timeframe. Often we can see more that 1 bar per 5 seconds so no way to handle it manually. The trading context is built from higher timeframe, namely constant volume chart of 2000 contracts. The thin levels are Keltner channel from 2000V projected into 200V. The thick lines are major swing levels from 2000V from prior day and serve me as filters when to ignore trading signals. These levels save my ass from buy the local top and sell the bottom. The airspace from 1955 to 1930 for sells and from 1930 to 1950 for buys is more that enough. Entries and exits comes from chart patterns on 200V.

I think that Keltner channel from higher timeframe can be easily replaced by some momentum study from trading timeframe, for example envelopes or bollinger bands, which is not true for thick lines.

Thanks, +$330 so far, nice move up and a nice move down called, only had 1 position up, 2nd didn't fill.

I can trade it down to $1 per point, trading at $20 per point and using upto 3 positions, which gets me same margin requirement as NQ, but it's smoother.

Envelopes based around the High and the Low work for me, so they adapt a bit, but not as crazy as a BB.

 

[Turveyd]

Gold is moving, nothing else is, so more movement more of the time, atleast at the moment = nice!!

 

[kaizer]

Gold will be moving in the near future intraday just because it's about 2000 points or 20000 ticks quoted, so even small intraday move of 0.1% is 20 ticks. Gold now behave like Oil when it was 100+$ per barrel and swinged 2-3$ intraday.

 

[Turveyd]

Gold will be moving in the near future intraday just because it's about 2000 points or 20000 ticks quoted, so even small intraday move of 0.1% is 20 ticks. Gold now behave like Oil when it was 100+$ per barrel and swinged 2-3$ intraday.

I like how I can drop the points down, for a near Demo experience but enough $$$'s to vaguely care.

New Method looks like it's better anyway, more confidence to hold longer, less in out in out in out.

Gold has a 0.30pt Spread, lets see what it is 11pm tonight when it reopens might open up a 11pm to 1am trading time that'd suite me. NQ 2pt spread weak most days, DAX 8pt spread useless.

Guess AM I trade DAX and Gold and US open, NQ and Gold.

I like the way GOLD moves, I like how I can average into positions I like how I made +$330 in bed with small positions with zero stress, when it gets a direction it holds and powers through nicely.

 

[kaizer]

Gold has a 0.30pt Spread

0.6 is very expensive for roundturn. Full contract valued 100$ per proint usually has 0.1, rarely (mostly for inactive period when tren follower should stay away) it is 0.2. Micro contract valued 10$ per point is a bit less liquid but for avtive market it mirrors full contract nicely so anyhow it is less expensive.

 

[Turveyd]

2 of 3 positions at $20 PP filled just +$120 with zero worry

I'm liking GOLD a lot!!

2nd try, out BE mind.

 

[Turveyd]

0.6 is very expensive for roundturn. Full contract valued 100$ per proint usually has 0.1, rarely (mostly for inactive period when tren follower should stay away) it is 0.2. Micro contract valued 10$ per point is a bit less liquid but for avtive market it mirrors full contract nicely so anyhow it is less expensive.

No Comms, so 0.35 area varying a bit in total, I can live with that after all spread betting account no 20% Tax to pay

0.2 in Micro likely have a Comm's aswell, so it's the same.

0.7 or above in after hours I won't trade, but was the same before US open so might be the same all day, find out later.