Justin's Playground

Quoting heispark

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{quote} I don't need to defend Ricky but the videos insisting he's a scam is illogical IMHO. Their main logic is if he makes 1-2% profit each day, he will soon become the richest man in the world. Ricky didn't say his target is becoming next George Soros. Rick is basically a scalper and due to market liquidity, obviously his strategy has a certain limit. He is also realistic. He knows his strategy can stop working tomorrow, and therefore (I guess) he diversifies his income sources. Other than trading, he buys houses and does a car dealer ship or...

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Quoting heispark

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.... busy asian session...... /NG {image} {image}{image}

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Quoting heispark

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{quote} {image}{image} This is someone else's opinion about DD. Do you agree? Perhaps FX Viper may agrees on this. However, many people witness when you experience big DD, that's the only start of waves of more, and even bigger DDs. That's because the market has neutralized your edge. FX Viper is only one of the living examples.....

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Quoting heispark

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{quote} Maybe not...... ? Basically, Futures is not designed for longer term investment......... Rollover Risk http://what-when-how.com/finance/rollover-risk-finance/ Traders will often maintain a long-term position in a futures market by holding a contract until near to its maturity, closing out the position and establishing a new position of similar size in a contract with a longer maturity. This is known as rolling a position forward. In following such a strategy the trader faces certain risks which would not arise if he had maintained a position in a single long-dated futures contract. In particular the strategy is affected by the difference between the price at which the old contract is terminated and the new contract is entered into. The price difference between futures contracts on the same underlying asset but with different maturities is known as a calendar spread. The spread is predictable if the futures contracts are trading at their theoretical fair value. However, futures contracts often trade at a premium or discount to fair value, and this gives rise to rollover risk. Suppose, for example, that the trader wants to be long on a futures contract. If the futures contract which he holds is trading at a discount to fair value and the contract which he wants to roll into is trading at a premium, then the trader will make a loss on rolling over. He is selling cheap and buying dear. Clearly, the position could well be the other way round, in which case the trader would make a rollover gain. In principle, the trader could avoid rollover risk by entering into a futures contract whose maturity extends at least as far as the horizon over which the trader wants to maintain the position. In practice, there are a number of reasons why the trader may not wish to do this. First, there may not exist any traded futures contracts with a sufficiently long maturity. Second, the longer-dated contracts which are traded may be illiquid. In most futures markets much of the liquidity is in the contracts closest to maturity. The bid-ask spread tends to be narrower, and it is generally possible to deal in larger size in short-dated contracts. Third, rollover risk represents an opportunity as we ll as a danger. If the trader can forecast the behavior of the calendar spread, the strategy o f rolling from contract to contract may have a lower expected cost than a strategy of maintaining a position in a single long-dated contract. What is a Rollover Adjustment? https://www.plus500.com/FAQ/Financia...overAdjustment Whenever a futures contract reaches its expiry date, and an automatic rollover is defined for the instrument, all open positions and orders are automatically rolled-over to the next futures contract. In order to nullify the impact on the valuation of the open position, given the change in the underlying instrument’s rate (price) for the new contract period, a compensating adjustment is made to the account. Stop Orders and Limit Orders are also adjusted, to reflect the rate (price) of the instrument in the new contract. The value of your position continues to reflect the impact of market movement based on your original opening level, size and spread. If the new contract is trading at a higher price, Buy positions will receive a negative adjustment, and Sell positions will receive a positive adjustment. Conversely, if the new contract is trading at a lower price, Buy positions will receive a positive adjustment, and Sell positions will receive a negative adjustment. Example of rollover adjustment calculation: You hold a Buy position of 100 contracts of Oil futures. Oil futures rates at the time of rollover: Existing contract Buy rate = $61.30 Existing contract Sell rate = $ 61.25 New contract Buy rate = $62.50 New contract Sell rate = $ 62.45 Adjustments calculation: Sell Rate Difference = [New contract sell rate] - [Existing contract sell rate] = $62.45 - $61.25 = $1.20 Buy Position Adjustment = - ([Amount of contracts] * [Sell rate difference]) = - (100 * $1.20) = - $120 Summary: You will continue to hold the same position of 100 contracts of Oil futures. An adjustment of -$120 will be added/subtracted. Your equity remains the same.

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Quoting heispark

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Natural Gas looks bullish in longer term. {image}

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Quoting heispark

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{quote} {quote} 2020 /NG February, July and December continuous contract chart comparison: {image} I'd like to buy far forward contract when it's cheap...

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Quoting heispark

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Natural Gas price is near historic low now...... Let's make some money! {image}{image} {image} {file} https://www.eia.gov/dnav/ng/hist/rngwhhdM.htm

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Quoting heispark

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Wave Trend Oscillator (source code not available) https://youtu.be/7vhIsk51_Ro {file}

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Quoting heispark

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{quote} Found another major issue with MotiveWave. The Break Even button can open a new reverse order! If you select the option in the picture, your profit target order is also removed. Don't buy MW, it's a piece of shit. If real traders designed this software, they wouldn't have made this shit. Sierra Chart is the best. No one can beat them. Period. {image}

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Quoting heispark

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{quote} I purchased Nial Fuller's Learn to Trade the Market membership (lifetime) with 200 something $ years ago but it almost abandoned now and proved it's near pure garbage. The money wasted. I also considered purchasing Kathy and Boris' trading course/signal service recently, but it's expensive and has somewhat poor review rated. Today, I decided to try Ricky's course as it gave me $100 discount today. I think life time $199 is very cheap considering he hosts live trading session everyday. Even if it turns out to be another garbage, the money...

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Linda Raschke's Holy Grail System I love ADX. If you are trend follower, ADX can be one of your best friends. http://www.prudenttrader.com/pt-primecharts0616.html https://youtu.be/iv72vnMkKZ8 By the way, MT4's ADX is inaccurate and I recommend Wilder's original ADX. Various ADX indicators: https://forex-station.com/viewtopic....7039&hilit=adx Originally, I adopted idea from Alien's system, however I think by when multiple periods of...

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