honje19960321 wrote: Fri Jun 24, 2022 3:19 pm
Use guppy ma to set the version of xu ma. Very effective

Thank you Honje for sharing your creativity and ingenuity! I truly appreciate it

BeatlemaniaSA wrote: Fri Jun 24, 2022 3:23 pm Thank you Honje for sharing your creativity and ingenuity! I truly appreciate it

Thanks
BeatlemaniaSA.

I'm just a guy who likes to keep trying and failing. Newbie traders who learn from their failures.

I still need to learn more from the seniors.

Kindly give us your advice,please.


greeting
honje19960321

BeatlemaniaSA wrote: Fri Jun 24, 2022 3:23 pm Thank you Honje for sharing your creativity and ingenuity! I truly appreciate it

I am very curious about trading indices right now. .
May I ask what index do you usually trade?

honje19960321 wrote: Fri Jun 24, 2022 3:36 pm I am very curious about trading indices right now. .
May I ask what index do you usually trade?

I trade US500 and US2000 at the moment. However, I've refined my system now that I plan to trade the following indices

Namely, US100; US30; US500; US2000; UK100; AUS200 (I get up early so no problem ), DAX (DE40) and TecDE30

This is what they ALL looked like this morning. See ANY similarities

BeatlemaniaSA wrote: Fri Jun 24, 2022 4:12 pm I trade US500 and US2000 at the moment. However, I've refined my system now that I plan to trade the following indices

Namely, US100; US30; US500; US2000; UK100; AUS200 (I get up early so no problem ), DAX (DE40) and TecDE30

This is what they ALL looked like this morning. See ANY similarities

WOW

i want to ask
Why they all seem to be heading in the same direction.

It's time for me to take the time to learn the index thoroughly

honje19960321 wrote: Fri Jun 24, 2022 7:08 pm WOW

i want to ask
Why they all seem to be heading in the same direction.

It's time for me to take the time to learn the index thoroughly

Indices are comprised of many different stocks/companies.

US30 -> comprised of 30
SP500 -> comprised of 500
etc.

So generally you find.. when most Stocks go up the indices are also going up.
As all those indices are somewhat entangled with each other due to the comprised stocks, so you see them move often in tandem.
They can at times move differently though, as for example the NAS (US100) has more Tech Stocks included.

When trading indices you often want to use more than 1 indice to confirm a direction.

Example:

Lets say US 30 is going up, but NAS is going down.
You should then better wait till both US30 and NAS agree with each other to one direction before trading.

Beatle is using 8 indices... which I personally think to be overkill. As previously said very often those indices move very similar.

For most Traders I would suggest using 3 indices for their trading. This is usually more than enough.

The indices I would recommend are the "3 Amigos"

US100 - US30 - US500 As they generally have the most traded Volume and are rather volatile.
I personally Included DE40 in my list.

I hope this helps.

I include my trading setup for reference how I am scalping indices every day.

honje19960321 wrote: Fri Jun 24, 2022 7:08 pm WOW

i want to ask
Why they all seem to be heading in the same direction.

It's time for me to take the time to learn the index thoroughly

Indexes are pretty much correlated.

PumbaPLS wrote: Fri Jun 24, 2022 7:36 pm
Beatle is using 8 indices... which I personally think to be overkill. As previously said very often those indices move very similar.

For most Traders I would suggest using 3 indices for their trading. This is usually more than enough.

The indices I would recommend are the "3 Amigos"

US100 - US30 - US500 As they generally have the most traded Volume and are rather volatile.
I personally Included DE40 in my list.

I hope this helps.

Haha, PumbaPLS, no no I do NOT plan to trade ALL those indices at the same time I usually would trade US200, US500 and US30. The others I like because maybe on a different day I'll ONLY trade UK100 or any of the others NEVER all at the same time

Regards,
BeatlemaniaSA

BeatlemaniaSA wrote: Fri Jun 24, 2022 8:34 pm Haha, PumbaPLS, no no I do NOT plan to trade ALL those indices at the same time I usually would trade US200, US500 and US30. The others I like because maybe on a different day I'll ONLY trade UK100 or any of the others NEVER all at the same time

Regards,
BeatlemaniaSA

haha okay I see, that makes a lot more sense

It would be more interesting if the creators learn from Mr. Jimmy's "Forex-Station's Daily Download Thread", the recommended indicators, and your own comments.