... panta rei ... (Heraclitus of Ephesus, 535-475 BC)
Dax - Daily analysis and Discussion
Gutan tag everyone 
,
today I had just two trades. The first one was a loss of 480 USD, the second one was a profit of 700 USD. I did not put much thought to the first trade, I got a very quick SL. The second trade looked from the beginning much better. I did not get practically any heat. The logic behind these two trades was that I was betting that the market will continue in the direction of the impulsive move. So for today my result is modest 200 USD.
HT
,today I had just two trades. The first one was a loss of 480 USD, the second one was a profit of 700 USD. I did not put much thought to the first trade, I got a very quick SL. The second trade looked from the beginning much better. I did not get practically any heat. The logic behind these two trades was that I was betting that the market will continue in the direction of the impulsive move. So for today my result is modest 200 USD.
HT
This day started really poorly. Right after the Dax opened I went short. I was hoping that price will not break the small resistance level, but Dax broke it and took my SL. After Dax took my SL (-370 USD), went straight to my PT. Thats trading
HT
HT
- #704
- Dec 8, 2017 4:07am Dec 8, 2017 4:07am
- Joined Apr 2007 | Status: Trader | 3,055 Posts
The best thing that can happen to you is to find out where you're wrong.
- #705
- Edited 2:27pm Dec 11, 2017 1:31pm | Edited 2:27pm
- Joined Jul 2016 | Status: Trader | 1,453 Posts
... panta rei ... (Heraclitus of Ephesus, 535-475 BC)
- #707
- Dec 12, 2017 6:17am Dec 12, 2017 6:17am
- Joined Apr 2007 | Status: Trader | 3,055 Posts
The best thing that can happen to you is to find out where you're wrong.
Hi Fellow Traders,
I had some good traders on other markets, but also one trade on Dax. The impulsive move coincided with a nice level. It took a while, but after all I got a profit of 440 USD.
TO matmomo: cool trades
I had some good traders on other markets, but also one trade on Dax. The impulsive move coincided with a nice level. It took a while, but after all I got a profit of 440 USD.
TO matmomo: cool trades
De30 +17 + BE+1
Renko 3
Waiting day, with markets seems looking at FOMC Statement to take a decision.
For me just two trades today.
On higher Renko charts we could se that the supports @ BRN 13150 and 13100 are well supported from Emas, and cycle indicator are starting a new up.
But when it will happen is hardly to say.
For now we have just to see whats happen.
Renko 3
Waiting day, with markets seems looking at FOMC Statement to take a decision.
For me just two trades today.
On higher Renko charts we could se that the supports @ BRN 13150 and 13100 are well supported from Emas, and cycle indicator are starting a new up.
But when it will happen is hardly to say.
For now we have just to see whats happen.
De30 +17 + BE+1 Renko 3 Waiting day, with markets seems looking at FOMC Statement to take a decision. For me just two trades today. On higher Renko charts we could se that the supports @ BRN 13150 and 13100 are well supported from Emas, and cycle indicator are starting a new up. But when it will happen is hardly to say. For now we have just to see whats happen.
your first trade was just great. Keep it up. There was (beside the PA) a very high probability, that we are going to break the yH. The exact number was 84%.
The other key statistic I trade is break of the initial balance(IB), in the Dax case it is first 2 hours. The IB size is today 41 points, and if we have IB size like this there is 100% probability that we are going to break high or low of the IB. In the first trade I speculated on that we are going to break the IB low (also because we refused to go above yRange). I am not really satisfied with this trade, because there was negative RRR. The next trade was just a simple continuation with really nice PA (I got super lucky fill). The first trade was +297 USD, the second trade + 315 USD.
I lowered position size, because I accepted challenge by ftmo so I want to fit my trading into their trading rules. I want to diversify my trading accounts little bit. If someone here is trading FOMC, good luck
.
HT
{quote} Hi matmomo, your first trade was just great. Keep it up. There was (beside the PA) a very high probability, that we are going to break the yH. The exact number was 84%. The other key statistic I trade is break of the initial balance(IB), in the Dax case it is first 2 hours. The IB size is today 41 points, and if we have IB size like this there is 100% probability that we are going to break high or low of the IB. In the first trade I speculated on that we are going to break the IB low (also because we refused to go above yRange). I am not...
thanks, your trades are much intresting too, i'm studying your charts.
Fortunately around 16:00 Cet, market starts to move, and after 2 longs attempts,
price haven't the force to break longward and so started to pointing south till 13100.
The Fomc give a little up impulse for now.
Nice Evening to all
De30 +9 +7 +30 +35
Renko 3
- #714
- Edited Dec 15, 2017 1:12am Dec 14, 2017 7:12am | Edited Dec 15, 2017 1:12am
- Joined Apr 2007 | Status: Trader | 3,055 Posts
The best thing that can happen to you is to find out where you're wrong.
- #715
- Dec 14, 2017 8:14am Dec 14, 2017 8:14am
- Joined Apr 2007 | Status: Trader | 3,055 Posts
The best thing that can happen to you is to find out where you're wrong.
Hi all,
today it was a really nice day to trade. The first trade was just a speculation on a continuation up with a nicely defined SL - I would not have taken this trade if there wasnt such a nice base. I was lucky, because dax nearly hit my sl.
The second trade was super! There was around 90% probability that we will break the low of the previous day, so I entered short 20 lots and scaled 10 near the low of the swing (as I usually do) and another 10 lots near the yLow. Such a nice logical trade.
For today I am up 758 USD at this account.
Trades:
My second day tradning the ftmo challenge
today it was a really nice day to trade. The first trade was just a speculation on a continuation up with a nicely defined SL - I would not have taken this trade if there wasnt such a nice base. I was lucky, because dax nearly hit my sl.
The second trade was super! There was around 90% probability that we will break the low of the previous day, so I entered short 20 lots and scaled 10 near the low of the swing (as I usually do) and another 10 lots near the yLow. Such a nice logical trade.
For today I am up 758 USD at this account.
Trades:
My second day tradning the ftmo challenge
Hi all,
today I traded just one trade, which was based on two statistics. The first one is my classic impulsive move, the second one is the IB stat for today. I wrote about this statistic in my previous post. I entered long 20 lots, scaled 10 at the high of the swing and another 10 at the IB High. +350ish USD
Have a great weekend.
HT
today I traded just one trade, which was based on two statistics. The first one is my classic impulsive move, the second one is the IB stat for today. I wrote about this statistic in my previous post. I entered long 20 lots, scaled 10 at the high of the swing and another 10 at the IB High. +350ish USD
Have a great weekend.
HT
- #718
- Edited 10:18am Dec 15, 2017 9:21am | Edited 10:18am
- Joined Jul 2016 | Status: Trader | 1,453 Posts
... panta rei ... (Heraclitus of Ephesus, 535-475 BC)
- #720
- Edited 3:23am Dec 18, 2017 3:11am | Edited 3:23am
- Joined Apr 2007 | Status: Trader | 3,055 Posts
The best thing that can happen to you is to find out where you're wrong.