Those are my 2 demo trades done today, a lot of things in confluence together. In the second trade my TP was the DPV
Attached Image (click to enlarge)
Billytt Die happy trading e/j daily breakout
- #32,308
- Edited 1:50am Aug 15, 2018 1:06am | Edited 1:50am
- Joined Dec 2016 | Status: Trader | 1,408 Posts
Morning Guys, The Dax Monster is playing dirty this morning by increasing the spread x3 sooooo not playing
- #32,309
- Aug 15, 2018 2:00am Aug 15, 2018 2:00am
- Joined Oct 2015 | Status: Trader | 18,269 Posts
Morning Guys, The Dax Monster is playing dirty this morning by increasing the spread x3 sooooo not playing
Spread looks as expected PreKO at the moment bt I have seen it go a bit mad before the UK Open before.
Day looks float so far, in the sense no major bias. Should be Sell but more like weak Buy. For sure there has (and still is to an extent) a Long move going on but that could hit its head in a bit, so we shall see.
- #32,311
- Aug 15, 2018 2:21am Aug 15, 2018 2:21am
- Joined Oct 2015 | Status: Trader | 18,269 Posts
Let it go.
Too many contradictory signals, which is a signal in its own right, in that it simply means indecision.
This doesn't mean that you won't have chances to get in on something but that if you do, it will be short-lived and usually based on some sort of momentum move teamed with micro S+D...and sure enough, that's what we got.
Price kicked up at the off and reached the first layer of micro-Supply, on the m5. If you were going in, that would be the play, the rebound from that level.
Remember what I said about short-lived? Well, we then got a turnaround jump shot, with price again kicking up, this time all the way through that micro zone and on to a new level.
I was off by a pip.
It went to 12412.
You could have had a second bite at the cherry on the rebound from that level - again, I didn't - then price once more dropped away, in fact it dropped like a stone.
As I write this, price is now bouncing about aimlessly between these levels, not quite reaching either. It does seem to have a small upward bias.
Anyway, that was that non-event.
There's red news for the GBP later in the morning, the German Bond Auction hovering around in the wings - and in fact, I have just noticed that it is a French and Italian Bank Holiday.
While on the subject of red news, there's also some hefty red for the USD at the US Open slot.
That's me for now. I can feel that it's going to be one of those days.
Too many contradictory signals, which is a signal in its own right, in that it simply means indecision.
This doesn't mean that you won't have chances to get in on something but that if you do, it will be short-lived and usually based on some sort of momentum move teamed with micro S+D...and sure enough, that's what we got.
Price kicked up at the off and reached the first layer of micro-Supply, on the m5. If you were going in, that would be the play, the rebound from that level.
Remember what I said about short-lived? Well, we then got a turnaround jump shot, with price again kicking up, this time all the way through that micro zone and on to a new level.
I was off by a pip.
It went to 12412.
You could have had a second bite at the cherry on the rebound from that level - again, I didn't - then price once more dropped away, in fact it dropped like a stone.
As I write this, price is now bouncing about aimlessly between these levels, not quite reaching either. It does seem to have a small upward bias.
Anyway, that was that non-event.
There's red news for the GBP later in the morning, the German Bond Auction hovering around in the wings - and in fact, I have just noticed that it is a French and Italian Bank Holiday.
While on the subject of red news, there's also some hefty red for the USD at the US Open slot.
That's me for now. I can feel that it's going to be one of those days.
- #32,312
- Aug 15, 2018 2:57am Aug 15, 2018 2:57am
- Joined Feb 2009 | Status: Trader | 25,867 Posts
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
- #32,313
- Aug 15, 2018 3:05am Aug 15, 2018 3:05am
- Joined Oct 2015 | Status: Trader | 18,269 Posts
good morning everyone, i am still around and just got back from a few days away. We went to the Newbury retro dance festival until Monday and then hung around Dorset for a day. No trading but it looks like things would of been ok. i upset my colleague because i haven't been trading the 00-00 4 hour bar retrace for him lol.. ity looks good with the lower level coming into sight.
- #32,314
- Aug 15, 2018 3:08am Aug 15, 2018 3:08am
- Joined Oct 2015 | Status: Trader | 18,269 Posts
Here's how The DAX is sitting today. Opportunities are there for sure.
The DWZ set-up will play out across the day, unless there is a major break.
S+D will also play a part.
The DWZ set-up will play out across the day, unless there is a major break.
S+D will also play a part.
- #32,316
- Aug 15, 2018 3:22am Aug 15, 2018 3:22am
- Joined Oct 2015 | Status: Trader | 18,269 Posts
{quote} Compare your 6 am & 7 am bars (open) with mine. {image}
I just trade what I see in front of me.
This is my live broker's feed...
- #32,318
- Aug 15, 2018 3:36am Aug 15, 2018 3:36am
- Joined Oct 2015 | Status: Trader | 18,269 Posts
{quote} Not much else we can do. Was trying to work out how you got the potential trade on Too Slow's thread earlier - then looked closer at the charts lol. Blame Billy now he's back.
- #32,320
- Edited 7:07am Aug 15, 2018 6:52am | Edited 7:07am
- | Joined Jan 2018 | Status: Trader | 1,108 Posts