Carpe diem: Intraday tactics for Dax and Dow | Page 1811 | Forex Factory

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Carpe diem: Intraday tactics for Dax and Dow

  • #36,201
  • Nov 14, 2017 7:56am Nov 14, 2017 7:56am
Quoting vlady1974
{quote} And close. +52 net
nice trade!
The only constant is change
  • #36,202
  • Nov 14, 2017 7:57am Nov 14, 2017 7:57am
Am eyeing that daily pivot level.
Not going to fade into it... am looking to short.

I've looked at the Elliot Wave again, and it's possible that instead of the wave being completed at Wave 5, it's actually still Wave 3 and now Wave 4 topped this morning. And we are now seeing the beginning of final Wave 5.

So looking for weakness between 13060 and 13070 (pivot)
A pip is only worth it if you know how much you risked to earn it
  • #36,203
  • Nov 14, 2017 7:57am Nov 14, 2017 7:57am
Quoting littspaniard
{quote} close all manually 5*41=205 points {image}
quick hands! awesome trading.
A pip is only worth it if you know how much you risked to earn it
  • #36,204
  • Nov 14, 2017 7:59am Nov 14, 2017 7:59am
Closed Long position Short on estimated touching of the Upper Limit of the 128 Time Unit Envelope (ocre) + 25 points
Attached Image (click to enlarge)
Click to Enlarge Name: DAX LONG 3 14 NOVEMBRE 2017.jpg Size: 163 KB
  • #36,205
  • Nov 14, 2017 8:11am Nov 14, 2017 8:11am
Follow up : Wait and see !
Attached Image (click to enlarge)
Click to Enlarge Name: DAX EN COURS.jpg Size: 191 KB
  • #36,206
  • Nov 14, 2017 8:23am Nov 14, 2017 8:23am
short 23385 SL 6

edit: SL at b/e

TP 23361

edit2: stopped out b/e
  • #36,207
  • Nov 14, 2017 9:09am Nov 14, 2017 9:09am
It's too indecisive for me approaching Day Close so no trades for today/tonight. Net +233 on DAX today
A pip is only worth it if you know how much you risked to earn it
  • #36,208
  • Nov 14, 2017 9:22am Nov 14, 2017 9:22am
Quoting vlady1974
It's too indecisive for me approaching Day Close so no trades for today/tonight. Net +233 on DAX today
Nice! I managed to lose money on the DAX today. Oh well! Still learning and there's always tomorrow :-)
  • #36,209
  • Nov 14, 2017 9:53am Nov 14, 2017 9:53am
Quoting EddyL
{quote} Nice! I managed to lose money on the DAX today. Oh well! Still learning and there's always tomorrow :-)
Hey EddyL,

It's actually good that you're experiencing the feeling of the loss.
The more it feels normal and less self-critical, the more you can control your emotions, the better you'll be able to handle being in the market.

Look over your trades and focus on understanding why the losses occurred.
It's not just about saying "i was wrong", although that's emotionally a good start.
Rather, it's better to know if an indicator made you trigger a trade.
Was there confirmation bias? Was the indicator signal valid in one timeframe but not on a higher timeframe? etc etc.
Really analyse it to look for a good definition of an "error".

The more you eliminate these "errors" the more you'll catch the trades in your direction.
A pip is only worth it if you know how much you risked to earn it
  • #36,210
  • Nov 14, 2017 11:21pm Nov 14, 2017 11:21pm
good morning!

I have some confluence 12860 for today

13050 Res.

good luck
  • #36,211
  • Edited Nov 15, 2017 12:05am Nov 14, 2017 11:50pm | Edited Nov 15, 2017 12:05am
long Dow 23342 SL 23331 TP 23385/23400

edit: stopped out -11
  • #36,212
  • Nov 15, 2017 12:09am Nov 15, 2017 12:09am
good morning,

up till now, dax is -5% below ath. if i´m right that this move is only profit taking, it´s about time for a rebound.
if i´m wrong, dax is in correction and this can continue till 12.240 (=-10%).
below that, it´s in baisse mode.

good luck!
fortis fortuna adiuvat
  • #36,213
  • Nov 15, 2017 12:13am Nov 15, 2017 12:13am
Quoting vlady1974
{quote} Hey EddyL, It's actually good that you're experiencing the feeling of the loss. The more it feels normal and less self-critical, the more you can control your emotions, the better you'll be able to handle being in the market. Look over your trades and focus on understanding why the losses occurred. It's not just about saying "i was wrong", although that's emotionally a good start. Rather, it's better to know if an indicator made you trigger a trade. Was there confirmation bias? Was the indicator signal valid in one timeframe but not on a...
Thank you! Really appreciate the comments and encouragement! I think the issue yesterday was a long bias in the first part of the day because of the way the 4 hr was looking (Rejection of move below 13000 and some divergence). Then I had to leave in the afternoon and chickened of putting in a trade that I wouldn't be able to watch. Was surprised to see that it would have been a successful trade when I got back :-\

But, I've made my peace (hopefully for good) with losing money and treating it as a learning experience rather than a threat or intimidation by the market :-)
  • #36,214
  • Nov 15, 2017 12:14am Nov 15, 2017 12:14am
Quoting deltaone
good morning, up till now, dax is -5% below ath. if i´m right that this move is only profit taking, it´s about time for a rebound. if i´m wrong, dax is in correction and this can continue till 12.240 (=-10%). below that, it´s in baisse mode. good luck!
Delta one.. It feels quite heavy for a correction tho would you not agree?
Que Sera
  • #36,215
  • Nov 15, 2017 12:15am Nov 15, 2017 12:15am
long @12.931 sl -10 tp +30
fortis fortuna adiuvat
  • #36,216
  • Nov 15, 2017 12:16am Nov 15, 2017 12:16am
Quoting deltaone
long @12.931 sl -10 tp +30
sl = be now.
fortis fortuna adiuvat
  • #36,217
  • Nov 15, 2017 12:18am Nov 15, 2017 12:18am
Quoting deltaone
long @12.931 sl -10 tp +30
sl = +10 now.
fortis fortuna adiuvat
  • #36,218
  • Nov 15, 2017 12:19am Nov 15, 2017 12:19am
Quoting Catempire
{quote} Delta one.. It feels quite heavy for a correction tho would you not agree?
If you look on the weekly or monthly chart, then not really that heavy. Back to 10 sma on weekly is reasonable. But that's my newbie opinion :-)
  • #36,219
  • Nov 15, 2017 12:20am Nov 15, 2017 12:20am
Quoting Catempire
{quote} Delta one.. It feels quite heavy for a correction tho would you not agree?
feels like. but seasonal patterns are against that. my outlook (see poll page #1) is unchanged. as always, twt.
fortis fortuna adiuvat
  • #36,220
  • Nov 15, 2017 12:21am Nov 15, 2017 12:21am
Quoting deltaone
long @12.931 sl -10 tp +30
tp hit. +30
fortis fortuna adiuvat
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