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-   -   DAX (GER30) - Trading System (https://www.forexfactory.com/thread/762854-dax-ger30-trading-system)

maflip Aug 14, 2018 2:50am | Post# 81

12442.50 and 12478 possible profit taking areas. Stick to DAX opening play but watch out for those areas for possible profit taking. We also got another gap to fill today geeshh.

loozers Aug 14, 2018 2:52am | Post# 82

If it stays above 12400 buy , good price action if it moves higher , 12386 previous support, stop 100 wide, ideally buy above 12456

stop below 12370

maflip Aug 14, 2018 3:03am | Post# 83

good volume pushing in might not get a retrace entry on this one. But candle is not yet closed.

loozers Aug 14, 2018 3:31am | Post# 84

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got + 50 with ascending triangle

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maflip Aug 14, 2018 4:00am | Post# 85

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Took the retrace near M5 trailing stop. Currently up 18 pips and counting. Looking to get out at 12478 for +53 pips. Hopefully they don't kill this trade at BE.
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maflip Aug 14, 2018 4:13am | Post# 86

got + 50 with ascending triangle https://www.forexfactory.com/showthr...0#post11365010 {image}
Boy you got some hot topic going on in your thread.

maflip Aug 14, 2018 4:24am | Post# 87

12442.50 and 12478 possible profit taking areas. Stick to DAX opening play but watch out for those areas for possible profit taking. We also got another gap to fill today geeshh.

Got out gotta be nimble because I have a setup on a higher time frame around the numbers I mentioned earlier. Bastards might also fill the gap.

loozers Aug 14, 2018 5:13am | Post# 88

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Dow

looking for buy above 25400

bought 25329
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maflip Aug 14, 2018 12:41pm | Post# 89

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No one lost in DAX today right? I shouldn't need to ask. Just look at this move no one can miss this for anyone with two eyeballs. Any system would have worked today. ANY!

I don't use those two moving averages other than trailing. But hey I just thought I put it just to show how it would have been really easy today.
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loozers Aug 14, 2018 12:56pm | Post# 90

I just doubled up after a reversal, still in there.

loozers Aug 15, 2018 2:11am | Post# 91

Here is my DAX system. You don't trade the signals. But you look for reversals around target areas strong reversals occur around 261.8, 423.6 and rarely gets passed 685.4. Will post indicator later I gotta run wife is screaming we gotta go to her father's funeral. Will post again later. This one looks for entry scalps at target areas of M30 chart. Entry is on M1 chart. There is two chart here M30 for when they reach targets. Then M1 is when to hunt for the reversal. {image}

At least you have a method counter trend trading , Brixen is master of counter trend.

Look at your performance history, do shorts give better results than longs?

maflip Aug 15, 2018 3:36am | Post# 92

{quote} At least you have a method counter trend trading , Brixen is master of counter trend. Look at your performance history, do shorts give better results than longs?
Longs perform better. He is not a Master of counter trend. He is a master grid trader. My counter trend method is better. No need to grid. Look at my ej gj short yesterday I posted it on another thread. My counter trend indicator counts elliot waves other reason why it works well. For dax measure the first hours candle I posted this info here somewhere the areas where to look for reversals on DAX.

loozers Aug 15, 2018 3:46am | Post# 93

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The indices are all in overbought range.It is august worst moth of the year for trading.

Dow at major resistance on weekly charts
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maflip Aug 15, 2018 5:24am | Post# 94

Slow day eh. Must be the EU holiday. Might be a grid traders paradise today. I see Luizschiavi is a grid trader.

loozers Aug 15, 2018 5:41am | Post# 95

{quote} Longs perform better. He is not a Master of counter trend. He is a master grid trader. My counter trend method is better. No need to grid. Look at my ej gj short yesterday I posted it on another thread. My counter trend indicator counts elliot waves other reason why it works well. For dax measure the first hours candle I posted this info here somewhere the areas where to look for reversals on DAX.

You must have spent a lot of time on it, but for me it is hard to follow many methods , because I get confused with too many variations in a trade.Most traders should be disciplined to follow only 1 method, otherwise they will fail.

maflip Aug 15, 2018 5:42am | Post# 96

{quote} You must have spent a lot of time on it, but for me it is hard to follow many methods , because I get confused with too many variations in a trade.
noticed the move today is the same as yesterdays? They reversed it again at 161.8 extenstion.

loozers Aug 15, 2018 6:07am | Post# 97

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{quote} noticed the move today is the same as yesterdays? They reversed it again at 161.8 extenstion.

Mainly it is support and resistance being respected
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loozers Aug 15, 2018 6:42am | Post# 98

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{quote} noticed the move today is the same as yesterdays? They reversed it again at 161.8 extenstion.

We could sell this free EA to Brixen. It is a trend EA.

lmao
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maflip Aug 15, 2018 6:58am | Post# 99

nearing TP4 on this DAX dude. I wasn't expecting it to be this good today. Since it's EU holiday. I'm watching 12243 for a possible reversal trade right now. If no setup no trade. Well, I wasn't able to get in on this dax short either it never gave me a good pull back entry.

maflip Aug 15, 2018 7:10am | Post# 100

12250 to 12240 possible reversal areas. If there is a setup.


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