Disliked{quote} Hi Islander, Great thread and your skills are excellent I have a question for the second trade - why do you sell in this place? Wicks ? Close gap ? Feeling the market ? Wish you a lot of pipsIgnored
Hi RevarK - thank you for your kind words. I did notice that you had posted in the DAX thread, where I also post.
At the start of the day - DAX-wise - I drop to the 1m chart and as you can see from the attached, this shows some extra detail, especially HLs and LHs
IF you manage to read my posts in this thread from say this January, you will see that I use various MAs to "allow" my entries and here, pice moved under both of the faster MAs which had both turned down, so after the two LHs this was an easy (partial position) sell for a few points to the earlier lows.....or as happened little lower.
Pity I had to go out and so missed that HL that signalled the potential (later confirmed) buy......hope this helps
Regards
Islander
Trading Levels with WRBs