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How to give a quality trade idea


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An example of a quality trade signal was posted by Rimmy .He won the contributor of the month .This is a quality first post.

 

https://community.ig.com/t5/Shares-and-ETFs/William-Hill-WMH/m-p/16244#M241

 

For trading forex, crude and indices here are some rules I employ.

 

How to give a trade idea

 

 

1)Look for  fundamental drivers  like interest rates expectations , dividends for stocks etc

 

2)Look at  correlated indices analysis , if idea for indices,  because all indices are related,  if calling on ftse look at others like S and P, Nasdaq Dow and Dax 

 

3)Look at correlated pairs , if trading fx,  like strength on eur /usd. usd jpy and also compare instrument strength like eurusd/eurgbp/eurjpy/eur cad  for eur strength, for usdjpy  see dollar USDJPY, cad CADJPY  , euro EURJPY and cable  GBPJPY. See link below to see how I trade Eurjpy

 

3)Do technical analysis simple K I S S  trend lines ,channels , supports/resistances. Simple technical analysis works.

 

K I S S Keep your trading so simple 

 

https://community.ig.com/t5/General-Trading-Strategy/K-I-S-S-Keep-your-trading-so-simple-profitable/m-p/21225#M1333

 

4) Post price action confirmation like here

 

https://community.ig.com/t5/General-Trading-Strategy/How-do-professional-read-price-action/m-p/20085#M1197

 

https://community.ig.com/t5/Foreign-Exchange-FX/Weekly-trade-USD-JPY-long/m-p/21939#M2871

 

https://community.ig.com/t5/Foreign-Exchange-FX/USD-CAD-long-term-supports/m-p/21941#M2872

 

 

5)Give trade able option/cash  ideas like I have done  in some of the links below.

 

https://community.ig.com/t5/Foreign-Exchange-FX/Weekly-option-trade-USDJPY/m-p/21372#M2775

 

6)Suggest a stop loss and exit strategy

 

7)Post some entry and exit images

 

Like here

 

dax p a entry.jpg

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Two other things need to be looked at.

 

Post a risk disclaimer a follows and let us know final profit /loss for the trade.

 

In regards to the  analysis, no representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. IG  or original poster accepts no responsibility for any use that may be made of these comments and for any consequences that result.

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Baiting, flaming, trolling, but no results pretty well sums up oilfxam's forum history. For 10 years and at on least 7 forum sites the same endless cycle repeats itself. Oilfx joins and immediately starts by making ego driven preposterous claims that attracts the desired attention but he is soon asked for proof, but there is none, so instead starts the abuse and trolling. Eventually he is either banned or is completely ostracised and is then forced to look for a new forum. For 10 years, on every single forum site, sad.

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A dow trade today using a specific analysis , all are aligned on trend lines as per a system

 

s and p aligned.jpga

 

  • Trading dow  
  • They have to trend/move in the same direction in order to place an order. Look also at nasdaq and S&P; they have to move as well in the same direction. This does not mean set ups have to be valid on the other instruments; it means they just have to move in same direction. 
  • If nasdaq and s and p are not moving together, then either nasdaq or dow orders are valid, only if S&P and DOW are moving together.
  • DAX opens at 07:15 and FTSE opens at 08:00 GMT. Do no not trade for first 30 minutes until FTSE opens and markets settle.
  • S&P opens at 14:30 GMT, so do not place new orders between approximately 12:30 and 15:00, until direction is clear.
  • If there is no news, do not open new trades on indices 1 hour before USA opens.
  • Trending definition: prices must be above lwma 18 for longs or below mas for shorts on 30 MIN (with slope, channel and trend line).
  • Rules  will invalidate the compulsory filter . It applies if DAX, FTSE, S&P and DOW are trending in the same direction.
  • Do not open new Dow position after 300 made in one day.
  • Do not open new FTSE position after 75 pips made in one day.
  • Always use s and p   supports , resistances , trend lines and channels   to trade  djia
  • The system set ups must valid on the instrument as high probability example Smiley Surprisedn dow it has to be valid on dow (not s and p , dax ,  nasdaq

 

 

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