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Wiz Index

  • #661
  • Jun 13, 2017 8:48am Jun 13, 2017 8:48am
Quoting wizlon32
I had about 20 minutes to trade the London Open this morning before work and managed 3 small positions on Dax. The volatility was a little less today than I like so I tried looking at some sub-M1 charts to try to get a closer look. I can only do 15 min videos with the software I'm using which is probably long enough anyway without boring people.The final position ended up as another winner. https://youtu.be/11NWYxSnxXc How the H1 chart looks now. {image}
Hi Wiz, thanks for sharing with us your trade and taking time to make this video
Could you please explain your first entry, as me you also draw a pre open range and price just broke this zone with a small increase of volume and a short bears wick, did you not scare a bear acceleration as dax can do ? or did you think it was a false break out because small increase of volumes ?
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There is no way to happiness , happiness is the way.
  • #662
  • Jun 13, 2017 9:12am Jun 13, 2017 9:12am
Quoting Ockham
{quote} Hi Wiz, thanks for sharing with us your trade and taking time to make this video Could you please explain your first entry, as me you also draw a pre open range and price just broke this zone with a small increase of volume and a short bears wick, did you not scare a bear acceleration as dax can do ? or did you think it was a false break out because small increase of volumes ? {image}
Hi Ockham mate. I drew that range to try to highlight why I didn't enter a trade on those green candles with upper wicks. Sorry I know that wasn't clear.
My point is that I didn't want to trade in that range. Knowing Dax at this time as I do I wanted to wait for a break of that range before I would consider an entry.
Some of what I do I just do in the moment but I hope this makes it clearer.
Indentify > Plan > Accept > Execute
  • #663
  • Jun 13, 2017 11:20am Jun 13, 2017 11:20am
hello wiz i am fan of your work, and i think that i just had very similar setup like yours from the video.What do you think?
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  • #664
  • Jun 13, 2017 11:50am Jun 13, 2017 11:50am
Quoting nik4oo8
hello wiz i am fan of your work, and i think that i just had very similar setup like yours from the video.What do you think? {image}
Looks good to me NikThanks for showing us your trade.
Indentify > Plan > Accept > Execute
  • #665
  • Jun 13, 2017 12:01pm Jun 13, 2017 12:01pm
Quoting wizlon32
Got to get back to work now. Happy trading everyone {image}
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Indentify > Plan > Accept > Execute
  • #666
  • Jun 13, 2017 12:28pm Jun 13, 2017 12:28pm
My pleasure, it means a lot coming from your mouth.I have a question if it is convinient.How do you keep up with work and trading hand by hand?It must be very tiring...
  • #667
  • Jun 13, 2017 12:37pm Jun 13, 2017 12:37pm
Quoting nik4oo8
My pleasure, it means a lot coming from your mouth.I have a question if it is convinient.How do you keep up with work and trading hand by hand?It must be very tiring...
Well it is not always easy but it is my passion so I don't get tired of trading. On the other hand I do get tired of work
My opportunist style means I don't need to think to much about a lot of my trades so that probably makes it easier too.
This week I am on a course so can only really trade outside of the course timetable really.
Indentify > Plan > Accept > Execute
  • #668
  • Jun 13, 2017 2:13pm Jun 13, 2017 2:13pm
Quoting wizlon32
{quote} {image}
I considered placing my TP right around the high of the last H1 candle. These zones worked perfectly today.
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Indentify > Plan > Accept > Execute
  • #669
  • Jun 14, 2017 2:22am Jun 14, 2017 2:22am
3 Scalps this morning. Anyone else trade Dax after LO?
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Indentify > Plan > Accept > Execute
  • #670
  • Jun 14, 2017 2:56am Jun 14, 2017 2:56am
Quoting wizlon32
3 Scalps this morning. Anyone else trade Dax after LO? {image}
May I ask for yr m62 chart do you use rsi (21) level 50 to determine bullish or bearish? Are period 21 against 14 smooth things out for dax only or can be use as general. tq
Self discipline It is a practice
  • #671
  • Jun 14, 2017 3:17am Jun 14, 2017 3:17am
Quoting wizlon32
3 Scalps this morning. Anyone else trade Dax after LO? {image}
Hi Wiz - as you know, I trade the DAX-Monster but in a different way. It isn't for everyone for sure but I love it.
  • #672
  • Jun 14, 2017 4:48am Jun 14, 2017 4:48am
Quoting okshop
{quote} May I ask for yr m62 chart do you use rsi (21) level 50 to determine bullish or bearish? Are period 21 against 14 smooth things out for dax only or can be use as general. tq
Exactly that mate, good observation.
Actually the green line is a 9 smoothed moving average of the 21 RSI, which smoothes it further. (the RSI colour is set to none).
The 3 RSI is then used to pick entries on pullbacks. So if the green line is above 50 I'm looking for the 3rsi dropping below 50.
Indentify > Plan > Accept > Execute
  • #673
  • Jun 14, 2017 4:51am Jun 14, 2017 4:51am
Quoting lemercenaire
{quote} Hi Wiz - as you know, I trade the DAX-Monster but in a different way. It isn't for everyone for sure but I love it.
Yes I know that you do buddy. Still experimenting with your method and love the concept. Just need a day off work to put it in to practice.
Indentify > Plan > Accept > Execute
  • #674
  • Jun 14, 2017 8:13am Jun 14, 2017 8:13am
Quoting wizlon32
{quote} Exactly that mate, good observation. Actually the green line is a 9 smoothed moving average of the 21 RSI, which smoothes it further. (the RSI colour is set to none). The 3 RSI is then used to pick entries on pullbacks. So if the green line is above 50 I'm looking for the 3rsi dropping below 50.
I explained this RSI method in another thread. It's pretty much explained on page 1 I think. https://www.forexfactory.com/showthread.php?t=614720
Indentify > Plan > Accept > Execute
  • #675
  • Jun 15, 2017 3:19am Jun 15, 2017 3:19am
Quoting wizlon32
{image}
I'm curious how where you able to get this template on your mobile phone or how you got it to look like your pc template, I would love to know.

EDIT: I have done it, cheers Wiz and more green pips to you and everyone on this thread.
Read in between the price!!!
  • #676
  • Jun 15, 2017 8:55am Jun 15, 2017 8:55am
Quoting calebfx
{quote} I'm curious how where you able to get this template on your mobile phone or how you got it to look like your pc template, I would love to know. EDIT: I have done it, cheers Wiz and more green pips to you and everyone on this thread.
I presume you were talking about the different coloured level lines in the RSI window? Glad you worked it out.

In case anyone else was wondering there is 2 RSIs in the same window so I just used different levels settings in each one.
Indentify > Plan > Accept > Execute
  • #677
  • Jun 15, 2017 12:50pm Jun 15, 2017 12:50pm
Quoting wizlon32
{quote} I presume you were talking about the different coloured level lines in the RSI window? Glad you worked it out. In case anyone else was wondering there is 2 RSIs in the same window so I just used different levels settings in each one.
Yea cheers mate, my screen looks as sexy as yours now.
Read in between the price!!!
  • #678
  • Jun 17, 2017 5:14am Jun 17, 2017 5:14am
http://www.learntotradethemarket.com...profit-trading
Indentify > Plan > Accept > Execute
  • #679
  • Jun 17, 2017 2:45pm Jun 17, 2017 2:45pm
Quoting wizlon32
I had about 20 minutes to trade the London Open this morning before work and managed 3 small positions on Dax. The volatility was a little less today than I like so I tried looking at some sub-M1 charts to try to get a closer look. I can only do 15 min videos with the software I'm using which is probably long enough anyway without boring people.The final position ended up as another winner. https://youtu.be/11NWYxSnxXc How the H1 chart looks now. {image}
Hi brother thank you so mutch for you work it very helping thanks you keep up
  • #680
  • Jun 19, 2017 7:29am Jun 19, 2017 7:29am
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