Let's see how this ride ends...
- Post #10,382
- Quote
- Jul 21, 2022 11:20am Jul 21, 2022 11:20am
Nicely done! What session are you trading and which brick size are you using, 5 points?
, mostly LO, yes 5 pointsLet's see how this ride ends... {image}
Don't think!
- Post #10,383
- Quote
- Edited 4:11am Jul 22, 2022 3:27am | Edited 4:11am
{quote}
Because, thats my problem at the moment... Iam always hunting for the big move
and it sucks to get out at BE when I was up by 50+ points
Iam using a 10 point brick size at the moment, 5 points is (at least for me) way to fast, especially when it moves quick...
- Post #10,384
- Quote
- Jul 22, 2022 4:24am Jul 22, 2022 4:24am
10 p. bricks.
Currently up by 45 p. and let it run... betting on a higher breakout north.
Currently up by 45 p. and let it run... betting on a higher breakout north.
- Post #10,385
- Quote
- Jul 22, 2022 6:32am Jul 22, 2022 6:32am
Still bullish signal!
Hovering it at around 65 points in profit... 25 p. locked in. Target 13350.
Hovering it at around 65 points in profit... 25 p. locked in. Target 13350.
- Post #10,386
- Quote
- Jul 22, 2022 8:02am Jul 22, 2022 8:02am
{quote} May I ask you what's your profit target per trade? Because, thats my problem at the moment... Iam always hunting for the big move
I read somewhere that the best place to exit is also the best place to enter
If I can add to the question of the target on your last chart: your hid. div is correct, but
without having seen the charts up to this point, I personally would have already been outside on the 1st divergence, even though it then turned out that the market went even higher. After that I would definitely go out on 13 300, there is a pattern of 3 Indians and then there is also forming a pattern H&S in the play. It is very important to always take profits! If the market goes up, you can enter again, if it goes down, you can trade those patterns. Just my 2 centsI wish everyone a nice weekend.
Don't think!
- Post #10,387
- Quote
- Last Post: Jul 25, 2022 5:24am Jul 25, 2022 5:24am
Chers @LiboCop for your answer and top notch analysis!!
The reason why I just kept holding the position was the reason that it was a friday ;-)
Usually the Dax tends to go in one directon 90% of the day on fridays... But it's not hammered in stone
And thanks for the hindsight of the "three indians"! Never heard of that one before, and saved it to the chart pattern arsenal
For whatever reason, I was set up bearish in my mind this morning, because of some bearish div. on the 10p. Chart... So I didn't take any long signal on the 5p. Chart
because I wasn't trusting them... My BAD!
The reason why I just kept holding the position was the reason that it was a friday ;-)
Usually the Dax tends to go in one directon 90% of the day on fridays... But it's not hammered in stone
And thanks for the hindsight of the "three indians"! Never heard of that one before, and saved it to the chart pattern arsenal
For whatever reason, I was set up bearish in my mind this morning, because of some bearish div. on the 10p. Chart... So I didn't take any long signal on the 5p. Chart
because I wasn't trusting them... My BAD!