Carpe diem: Intraday tactics for Dax and Dow | Page 1816 | Forex Factory

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Carpe diem: Intraday tactics for Dax and Dow

  • #36,301
  • Nov 15, 2017 9:55am Nov 15, 2017 9:55am
next hourly candle could be a buy up to 12980

edit: invalid - too high
  • #36,302
  • Nov 15, 2017 10:03am Nov 15, 2017 10:03am
Quoting vlady1974
{quote} Well that reversed pretty quickly. Closed + 4 Lunch
forgot to post this. went long 12877, just closed at S2 level 12971 net +612
A pip is only worth it if you know how much you risked to earn it
  • #36,303
  • Nov 15, 2017 10:16am Nov 15, 2017 10:16am
Quoting vlady1974
{quote} forgot to post this. went long 12877, just closed at S2 level 12971 net +612
congratulation for your trade.
no offence, just for info:
since you are new to this thread, a friendly hint - please read the rules in post #1.
regarding your net calculation: do i get it right that you are using different lot size from trade to trade?
fortis fortuna adiuvat
  • #36,304
  • Edited 10:37am Nov 15, 2017 10:19am | Edited 10:37am
What a great day for intra day trading......three ~equal swings down into that Ultra High Volume low at 10:20 - a clear signal to bank and start looking for longs.

The NYSE open then provided buying opportunities in that set of UHVs as they bought for the 120 point rally. KISS

Edit: That rally carried on up to almost the BRN......140 pts in 109 minutes.....are the old times back - lets hope so
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Trading Levels with WRBs
  • #36,305
  • Nov 15, 2017 10:21am Nov 15, 2017 10:21am
Quoting deltaone
long @23.281 sl -20 tp +60
sl = +20 now.
fortis fortuna adiuvat
  • #36,306
  • Nov 15, 2017 10:28am Nov 15, 2017 10:28am
Quoting deltaone
long @23.281 sl -20 tp +60
tp hit. +60
i´ll call it a day.
have a nice evening.
fortis fortuna adiuvat
  • #36,307
  • Nov 15, 2017 10:28am Nov 15, 2017 10:28am
if we get 13035 today I might short scalp back to BRN, but its getting late...
otherwise no trades anymore..
  • #36,308
  • Nov 15, 2017 10:42am Nov 15, 2017 10:42am
Quoting deltaone
{quote} congratulation for your trade. no offence, just for info: since you are new to this thread, a friendly hint - please read the rules in post #1. regarding your net calculation: do i get it right that you are using different lot size from trade to trade?
no worries. hence why i qualified it just to be clear - but fair play on after-trade posting. i'm trading cfd dax via Plus500 which is a terrible charting platform. I use IG for my charts but I then convert the prices back as Plus500 has a price differential. I use IG for all prices and charts. For trades, I do change the "lot" size. This one was 8x normal mainly due to change in direction.
A pip is only worth it if you know how much you risked to earn it
  • #36,309
  • Nov 15, 2017 11:08am Nov 15, 2017 11:08am
Quoting PariCovek
{quote} If it breaks 23308, then 23339, 23373 and 23410, but not sure. anything is possible. The trend is clear, sell in European session, and buy in US session. Not sure why the case, must be a divergence in appetite from Fund Managers in different regions, or certain Central Banks at play... not sure.
Looks like a rejection on Dow at the 23339 level. Could drop away again, or test that level again. Has an interim support here at 23298-300; otherwise maybe new lows again?!
  • #36,310
  • Nov 15, 2017 11:31am Nov 15, 2017 11:31am
When DOW Price Action will break the green Ascending Valid Trend Line (VTL) 40° this will generate an Action Signal to consider a Short position
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  • #36,311
  • Nov 15, 2017 11:55am Nov 15, 2017 11:55am
Looks uppish
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?
  • #36,312
  • Nov 15, 2017 12:15pm Nov 15, 2017 12:15pm
I think H1 shows quite a bit of upside still?
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  • #36,313
  • Nov 15, 2017 12:22pm Nov 15, 2017 12:22pm
If I keep following the NoLag indi with my SL then it'll become a TP. But really I want the bands to be broken.... Not sure if we will get that tonight?
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  • #36,314
  • Nov 15, 2017 12:33pm Nov 15, 2017 12:33pm
And eventually, we can move our SL to a break even point... Ah well. we can't maximise profit but perhaps most important is no loss?
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  • #36,315
  • Nov 15, 2017 12:44pm Nov 15, 2017 12:44pm
At this time of the trading day, we would expect price to taper off I guess. If this is the case the MA would move up top meet it and we can trail our SL upwards. Our profit now would increase. Everything being just great hey?
  • #36,316
  • Nov 15, 2017 12:45pm Nov 15, 2017 12:45pm
Seems to be ok.
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  • #36,317
  • Nov 15, 2017 12:53pm Nov 15, 2017 12:53pm
Normally, there are three positions that a trader is in.

  1. I'm earning!
  2. I'm doing nothing
  3. I'm losing...
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  • #36,318
  • Nov 15, 2017 1:00pm Nov 15, 2017 1:00pm
So consider. if we had only two options:

  1. I'm winning!!!
  2. I'm doing nothing.

Cut out the losing part?
Then you can only make profit, just less than you wish, because we are hell bent on profits. Perhaps trade to never lose, makes trading profitable?

  • #36,319
  • Nov 15, 2017 1:02pm Nov 15, 2017 1:02pm
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  • #36,320
  • Nov 15, 2017 1:03pm Nov 15, 2017 1:03pm
So the trick might just be how we cut out the losing parts...
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