Downloading...
Download

Proptrader

Naspers is going up - this is stuff they don't want you to knowCup and Handle has formed on Naspers and has even gapped up showing strong momentum. 7 >21 >200 Moving averages all turned up. Target 1 is R3,626.50 CONCERN is that Gaps close 70% of the time and Naspers is a wild one which acts erratically. Number of reasons which I don't think they'll be happy if I tell you but I'm an independent. 1. Companies love to trade the arbitrage between Tencent (China) and Naspers SA 2. Prop traders love to scalp on lower time frames chasing the daily runs, falls and gaps. 3. You'll see in the volume with Naspers there are tons of 1's thrown into the buys and sells. This is to spook traders out as they have to pay more brokerage. A company like Naspers is a major game player for many traders and for this reason, the erratic movements in the charts look like this.
JSE:NPNLong
by Timonrosso
Lets talk prop firms❗Its the buzz words and hot topic of the moment! PROP FIRMS Before I start on this topic I want confirm I am a funded trader. This post isn't to promote this style of trading or prop firms. I am writing this post for those who may not understand what a prop firm is and to share my own experiences on the route to being a funded trader. What is a prop firm? Proprietary trading is where a firm trades for its own financial gain instead of earning commissions for clients. What is a prop trader? A prop trader is someone who uses that firms money to trade with and in exchange receives a wage or a percentage of the profits. Now those two statements above probably ring more true for those who work for financial institutes on trading floors all around the world. The propriety trading firms I want to talk about are the retail prop firms that usually for a subscription or a challenge fee will allow you as a trader to trade funds provided by them. Any profits you make on that account you as the trader will receive a share of the profits. Usually 70-80%. The business model has drawn a lot attention some good and some bad. So this seems a good starting point to discuss what we know of the business model. To become a funded trader with these companies you must either pay a subscription or take a challenge. You rules and conditions of which you have to abide by in order to gain and keep funded accounts. Subscriptions model This route to prop funding tends to be a monthly reoccurring payment. You are then given an account to trade with stipulations attached. For the subscription model the rules on the account tend to be very tight/strict and the fee can be quiet hefty. Challenge model This route to funding is where the trader pays an entry fee in to a challenge to prove their trading credentials. The trade will be set targets to meet over one or two phases in order to secure funding. The account will have rules and stipulations applied for example 10% overall draw down. If funding is secured then most companies refund the entry fee and you then as a funded trader earns money of any profits made on your funded account. So that's the options to becoming a funded trader. The retail prop firm business model has been criticised because some of these funded accounts are demo accounts once gained. Some say these companies only make money off failures and that's why even their funded traders who have passed are only ever trading demo accounts. Some prop firms on completion of challenges give you real accounts. But do we truly know they are real or does it just say real? A prop firm most definitely makes money from failed challenge attempts as part of it's business model. No one will ever know for real if they copy trade their top funded traders either. But in my opinion they would be daft not to copy trade consistent performers that take payouts of these firms every month because they exists. Prop trading pros and cons. Their is pro and cons to any choice in life and prop trading is no exception. I'll cover my personal pro and cons to the prop world below. PROS -For traders who are consistent and proven but only have small capital available, Prop trading is a good route to potentially larger trading pots. -Most prop firms have scaling plans -Prop firm gives trader the opportunity to funding most would never of got if they didn't exists. Most would never get an the opportunity to trade for a big institute. Prop firms bridge that gap. -Given the amount of firms popping up a consistent trader could soon find themselves with a diverse portfolio of accounts giving some life changing chances and monthly profit opportunity. -Most prop firms have favourable commissions and spreads with some having no commissions what so ever. -Reduced personal risk . Worse case scenario for a funded trader is losing the account rather than massive personal losses. CONS -Even when funded you have to adhere to rules and terms of the prop firm -You could spend big money getting traded -The health of the prop firm you trade for is unknown and one prop firm has already dis-appeared. -In reality the targets set are gain the funded account is quiet high at 8-10% in 30 calendar days. -Violation of rules ends in account loss. Summary I can only speak of the journey I have taken myself. For me the pros out weighed the cons when it came to seeking funding via these prop firms and the opportunities they offer. I personally don't mind paying a fee to enter challenges as you need some emotional attachment to the challenge in order for you to play your best trading game. If these were free to enter then everyone would just go big and all out to get funded then would do exact same if managing to get funded. That would be sustainable for no one. That's not what trading is about it's about risk management and emotional control which helps lead to consistent trading results. For a 100k challenge most prop firms charge between £400-£500 that is still a fair amount of money for anyone and you should be treating it as a serious venture if your not then you are simply gambling. Funded accounts being a demo account hasn't bothered me. I get paid when I'm in profit and that's all that matters. Spreading accounts over different prop firms lowers risk and exposure to losing all your funded accounts. One well known firm has gone and thankfully I wasn't with them but aiming for a few accounts with different firms lowers risk of finding yourself funded one minute then not the next. Are they a scam? In ever growing market place bad apples will be operating in the sector. As traders you have to do own research but plenty have been round for a while now with good reviews to boot. Trading in general is hard and gaining 8-10% in one month to pass then doing 5% the following is no easy feat. Get a game plan and strategy together, back test and forward test the live out of it and when consistency is there only then is it worth attempting funding challenges. Love them or hate them prop firms are here and making some noise. They offer opportunity a plenty but they do come with mystique attached. You as a trader and an individual have to judge if they are for you or not. Simple way I looked at the opportunity 1 Funded 200k account 3% profit per month = $6000 80% profit split= $4800 GBP= £3478 Approx equivalent to 57k GBP a year! Freedom can be closer than you think. Thanks for taking time to read my idea Darren.
Education
by pow_removetheguesswork
Dax daily: 27 Jul 2020As expected, Friday's session started with a descend towards the S/R zone at 12 882. Bearish traders pushed even lower and the support didn't hold their strengths. The VPOC has also shifted below this zone and this can signify the lack of commitment for further longs and the end of uptrend of the past days. Important zones Resistance: 13 119, 12 882 Support: 12 592 Statistics for today Detailed statistics in the Statistical Application Macroeconomic releases NIL Today's session hypothesis Monday sessions are statistically slowest for the German stock index. For today, we don't see otherwise and expect the trading activity to be limited around 12 882 level. Bounce away from 12 882 to the downside can cause a sell-off, but considering the consolidation price action around these levels, we don't expect any wild moves here.
EUREX:FDAX1!
by FTMO
Dax daily: 22 Aug 2019 Unfortunately, yesterday's session didn't go according to our expectations. We've had clues for a bearish move and breakout of the previous day low, but Dax proved otherwise. The price was trending upwards with a strong momentum right from the beginning of the session and the resistance at 11 691 played no role too. Dax slowed down later in the afternoon, yet closed in the upper band of its range. Today we open with a descending gap. Important zones Resistance: 11 779 Support: 11 667, trend line zone Statistics for today Detailed statistics in the Statistical Application Macroeconomic releases 09:15 - 10:00 CEST - Eurozone PMIs 13:30 CEST - ECB Monetary Policy Meeting Accounts Today's session hypothesis Currently, the price descends towards the support level of 11 729 and we hope to find buyers there and head towards the closure of the gap. Up at the resistance zone of 11 779 there might be some bearish correction but eventually, bulls are likely to prevail to retest yesterday's high. If that happens, sellers are likely to return back to the range to close inside - this thesis has a statistical probability of 77%.
EUREX:FDAX1!
by FTMO
Dax daily: 19 Aug 2019 Friday's session was relatively difficult to trade. It looked like the price might go down a few times, but bulls were stronger and took the price towards our resistance at 11 606. In the end, the gap between the sessions wasn't closed and the trendline wasn't even relevant. For today, we open with yet another ascending gap. Important zones Resistance: 11 899, 11 723 Support: 11 404, trend-line, 11 560 Statistics for today Detailed statistics in the Statistical Application Macroeconomic releases NIL Today's session hypothesis We estimate a short correction towards Friday's close at 11 560 where bulls are likely to take over and take the price to retest the 11 723. The main target for this week lays at 11 899. If Dax goes well below 11 560, we are likely to see a slow down of Price Action and closing inside Friday's range.
EUREX:FDAX1!
by FTMO
Dax daily: 30 Jul 2019 Exactly as we predicted yesterday, the statistics proved their strengths yet again. We couldn't be happier as these historical calculations have huge success! Dax broke through Friday's high, which had a probability of 87% and therefore we've labelled the analysis with a bullish bias. After the high was broken, sellers corrected the price action just to hand over the momentum for another daily uptrend. The price then closed midway its intraday range. Important zones Resistance: 12 480 Support: 12 368 Statistics for today Detailed statistics in the Statistical Application Macroeconomic releases NIL Today's session hypothesis Dax opened with a small ascending gap which is already closed at the time we write this. The session today seems to be a slow one, the price is in the consolidation area. From our point of view, today's chances are equal for long & short. Nevertheless, sellers rejected the first resistance at 12 464 yesterday so we rather incline to favour shorting. Buyers could appear around 12 368 right after the retest of yesterday's low and sellers could be sound at the known resistance of 12 480.
EUREX:FDAX1!
by FTMO
Dax daily: 29 Jul 2019 Welcome to the first analysis of the 31st week. Friday's session turned out really nice. We found buyers at a good Thursday close support level and there was an intraday low formed there as well. Besides only one significant short candle at 2pm, Dax was drifting upwards for the whole intraday trading. The price then closed near its high. Important zones Resistance: 12 421, 12 479 Support: 12 354 Statistics for today Detailed statistics in the Statistical Application The statistical probability of breaking Friday's high is 87% Macroeconomic releases NIL Today's session hypothesis For today, we have a high statistical probability of breaking Friday's high, which is also distanced relatively far away. Long trades then have a clear target. Contrary, should the Friday's low be broken, then the previous hypothesis becomes invalid. The chances of having both swings retested are as low as 7%. Taking advantage of shorting today's price, we can use a pullback around 12 421 and then 12 479.
EUREX:FDAX1!Long
by FTMO
Dax daily: 26 Jul 2019 Yesterday's session started by the gap closure, just as we pinpointed. The resistance at 12 576 was retested twice and then the price action was dominated by fundamentals. The ECB President Mario Draghi hinted a possible rate cut into negative values to tackle Eurozone's economic stagnation. This scepticism influenced the German stock index DAX as well and we saw this reflected by a prudent downfall by more than 250 points. The session was closed at 12 344. Important zones Resistance: 12 437, 12 470 Support: 12 338 Statistics for today Detailed statistics in the Statistical Application The statistical probability of closing the gap is only 38% Macroeconomic releases 14:30 CEST - USA - Advance GDP q/q Today's session hypothesis Yesterday's volatile activity has dramatically reduced our estimations and today's hypothesis. The moves were caused by fundamental news. The statistical application signifies the gap closure probability of only 38%, yet the price around 12 338 became a balanced consensus for market participants. That's one reason this zone could be retested today as well. Besides, we have enough room for the long correction all the way towards 12 437.
EUREX:FDAX1!
by FTMO
Dax daily: 25 Jul 2019 Yesterday we had a clear bullish bias as the statistics suggested the retest of previous day high and the gap closure. Both of these statistics were successfully fulfilled and those who took advantage of this might have scored nice profits. The beginning of yesterday's session started with a slight downward move caused by French and German PMI reports, before the price reversed to the upside as expected. Important zones Resistance: 12 576, 12 645 Support: 12 437, 12 470 Statistics for today Detailed statistics in the Statistical Application The statistical probability of closing the gap is 70% Macroeconomic releases 13:45 CEST - ECB Main Refinancing Rate 14:30 CEST - ECB Press conference Today's session hypothesis Today's open started with a small ascending gap sized 17 points. Once again, this one has a good statistical probability of being closed. We've had two uptrending days in a row and the momentum is weakening. The price is currently at 12 576, which is a resistance level. It will be interesting to see the initial move out of here. Should Dax head even higher, then the next resistance area of our focus is 12 645. On the other hand, if bulls stay calm, we anticipate the slow down in yesterday's range. However, needless to say it's a super Thursday for ECB. The interest rate is expected unchanged and Mario Draghi needs to address some measures with regards to economic stagnation.
EUREX:FDAX1!
by FTMO
Dax daily: 23 Jul 2019 Yesterday's session was fully dominated by bulls. They managed to grab the momentum taking Dax slightly above the resistance level of 12 330 that we highlighted yesterday. This zone functioned with a slight delay as the price corrected shortly after. The session was closed in black numbers priced 12 293. Important zones Resistance: 12 380 Support: 12 234, 12 200, 12 330 Statistics for today Detailed statistics in the Statistical Application The gap has 50 points and the statistical probability for closing is only 38% Macroeconomic releases London session - new Prime Minister of the United Kingdom will be announced. This might affect mainly GBP, EUR and potentially DAX too. Today's session hypothesis This morning started with an ascending gap. Sized 50 points, this one has a low probability for being closed as the statistics suggest the 38% rate chance from the historical occurrence. We can speculate to see rather a bullish domination. In such a scenario, we'll await the retest of 12 380 which could also function as the buyers target zone and the reversal level for sellers.
EUREX:FDAX1!
by FTMO
Dax daily: 22 Jul 2019 Both buyers and sellers could take good advantage of Friday's session. Dax first headed upwards and stopped at 12 330 where the price sharply reversed. Bears were held down at 12 200, slightly below our mentioned support zone. The session ended near its open priced 12 227. Important zones Resistance: 12 330, 12 380 Support: 12 234, 12 200 Statistics for today Detailed statistics in the Statistical Application Macroeconomic releases NIL Today's session hypothesis Today's session was opened at Friday's close, without any surprise gap. Dax is now edging at the S/R zone at 12 234 and this might be the deciding factor for today's direction estimation. Should sellers dominate right away, the logical target lays as a support level around 12 200. Very straight forward, if buyers are stronger from the beginning, the path is open all the way back to 12 329. Mondays are generally calm from the volatility perspective and same is expected for today as well.
EUREX:FDAX1!
by FTMO
Dax daily: 19 Jul 2019 We welcome all of our readers with this last day of the week analysis. Dax respected our zones perfectly yesterday. Today's price opens at yesterday's resistance zone and with a big ascending gap. Important zones Resistance: 12 380 Support: 12 234 Statistics for today Detailed statistics in the Statistical Application Macroeconomic releases NIL Today's session hypothesis Dax opened with an ascending gap and continues heading upwards. The first resistance level where we could find some sellers lays at 12 380. However, it is more probable that bears will first attempt to close the gap between today's and yesterday's sessions. The level of 12 234 is likely to function as our support where bulls could prove their presence and take Dax higher.
EUREX:FDAX1!
by FTMO
Dax daily: 17 Jul 2019Tuesday's session could be characterized as a lazy and boring one for most of its duration. Dax started by closing the gap, followed by the entry of sellers who took the price down to the support level at 12 350. This zone functioned perfectly and the price bounced as expected. There was even an intra-day low formed there. Dax opened with a descending gap this morning, which is already closed at the time we write this. Important zones Resistance: 12494, trend line Support: 12 339 Statistics for today Detailed statistics in the Statistical Application Macroeconomic releases NIL Today's session hypothesis If we disregard the Monday's rocket move, Dax is relatively slow from the beginning of the summer holiday. For today, we have three zones nearby which could play some importance in the price action. On the long side, we see a resistance at 12 494. If we find sellers at the trend-line, it is likely the price will slow down inside yesterday's session range.
EUREX:FDAX1!
by FTMO