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  • #141
  • Aug 19, 2018 9:40pm Aug 19, 2018 9:40pm
Quoting maflip
{quote} Adding to answer to the question. If you look at previous post. I posted it somewhere here. Dont take profit at TP1 with breakout play not on dax m5. Maybe if it was H4 when the pip is big. On dax I only use tp1 to measure the strength of breakout. Somewhere it is posted here if breakout only hits TP1 then it goes on the other side we may have a trend change. Im holding my baby while typing here I cant look foe that post and repost it here. You gotta find it. (Typing on cp)
Hi maflip,

Got it. Thank you for your time.
  • #142
  • Aug 20, 2018 2:35am Aug 20, 2018 2:35am
Quoting Naruhito
{quote} Hi maflip, Got it. Thank you for your time.
Great you should have made money just about now (breakout trade) TP2 hit now they are trying to get to TP3. . Looking for retracement entry now. I might keep posting here if people would show charts of their trades. No bullshit about how people suck, how they will loose money and all that yada yada bullshit. To the GURUS LET"S TRADE and STFU. NO GURUS ALLOWED

Again, half in only at the breakout all in at the retrace. I say this because initial stop risk reward on breakout is not in your favor so half only.

Edit TP3 hit

I'm not posting chart but kudos to those who listened. I'm not trying to promote my system here.
  • #143
  • Aug 20, 2018 2:58am Aug 20, 2018 2:58am
This is my beer money account ,using the system provided.This trade based on correlations.

I was getting lonely .missing your company.
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  • #144
  • Aug 20, 2018 2:59am Aug 20, 2018 2:59am
Quoting maflip
{quote} No bullshit about how people suck, how they will loose money and all that yada yada bullshit. To the GURUS LET"S TRADE and STFU. NO GURUS ALLOWED .

Brixen threatened to Ban me , so I resigned from his thread.
  • #145
  • Aug 20, 2018 3:01am Aug 20, 2018 3:01am
Quoting maflip
{quote} Great you should have made money just about now (breakout trade) TP2 hit now they are trying to get to TP3. . Looking for retracement entry now. I might keep posting here if people would show charts of their trades. No bullshit about how people suck, how they will loose money and all that yada yada bullshit. To the GURUS LET"S TRADE and STFU. NO GURUS ALLOWED Again, half in only at the breakout all in at the retrace. I say this because initial stop risk reward on breakout is not in your favor so half only. Edit TP3...
Still learning. It looked something like this. I am looking for a retracement entry.
Attached Image
  • #146
  • Aug 20, 2018 3:03am Aug 20, 2018 3:03am
Quoting Naruhito
{quote} Still learning. It looked something like this. I am looking for a retracement entry. {image}
Correct you should have entered at A where you marked the arrow half in only pending buy stop above breakout candle. Breakout is so strong it never gave me a retrace entry. By the way it's at TP3 now careful. This is profit taking area. Best to be on trailing right about now. Look at your fractal should still be in the trade though.

I'm surprised actually breakout is this strong. We did not started that high of a volume for an opening play.
  • #147
  • Aug 20, 2018 3:09am Aug 20, 2018 3:09am
Quoting maflip
{quote} Correct you should have entered at A where you marked the arrow half in only pending buy stop above breakout candle. Breakout is so strong it never gave me a retrace entry. By the way it's at TP3 now careful. This is profit taking area. Best to be on trailing right about now. Look at your fractal should still be in the trade though. I'm surprised actually breakout is this strong. We did not started that high of a volume for an opening play.
Interesting, I am starting to see a clearer picture. Thanks!
  • #148
  • Aug 20, 2018 3:11am Aug 20, 2018 3:11am
The indices correlation indicator works
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  • #149
  • Aug 20, 2018 3:14am Aug 20, 2018 3:14am
Quoting Naruhito
{quote} Interesting, I am starting to see a clearer picture. Thanks!
Also works on Forex. In forex I trade on M30 now. I used to scalp it but commission is a bitch so I stop scalping in Forex. Look at GU works on GU also. Rule= Did price confirm? If it confirm ok to trade. If no confirm stay on the side. If it confirm will I take the breakout trade or only the retrace entry. Pick one.
  • #150
  • Aug 20, 2018 3:21am Aug 20, 2018 3:21am
Quoting loozers
This is my beer money account ,using the system provided.This trade based on correlations. I was getting lonely .missing your company. {image} {image}
Great bro we need more trading discussions and setups rather than talking psychology. This is more helpful.
  • #151
  • Aug 20, 2018 3:23am Aug 20, 2018 3:23am
Quoting maflip
{quote} Great bro we need more trading discussions and setups rather than talking psychology. This is more helpful.

I started separate psychology thread for the wind ups.
  • #152
  • Aug 20, 2018 3:27am Aug 20, 2018 3:27am
Quoting loozers
{quote} I started separate psychology thread for the wind ups.
heh heh ok
  • #153
  • Aug 20, 2018 3:55am Aug 20, 2018 3:55am
Quoting maflip
{quote} heh heh ok
Indices are 67% to 33 % upward biased , so your shorts get more losses.
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  • #154
  • Aug 20, 2018 4:10am Aug 20, 2018 4:10am
Quoting loozers
{quote} What is name of indicator in middle , the 5 moving averages?
Hi,

Indicators in the Chart:

Swing_ZZ
HalfTrendTD
Price Border
  • #155
  • Aug 20, 2018 4:32am Aug 20, 2018 4:32am
New Technical set up stop 30
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  • #156
  • Aug 20, 2018 8:27am Aug 20, 2018 8:27am
Below 12336.9 looks like a short setup (counter trend). Price and Time qualify it. Worth about 25-30 pips or more since M30 and H4 is still in a down trend. But for a quickie profit around 12315 to 12310 if it qualifies.

Intraday swing trade.
  • #157
  • Aug 20, 2018 8:34am Aug 20, 2018 8:34am
weird volume coming out. seems a big fight bulls/bears at this area. support area held for now.
  • #158
  • Aug 20, 2018 10:35am Aug 20, 2018 10:35am
Quoting maflip
Below 12336.9 looks like a short setup (counter trend). Price and Time qualify it. Worth about 25-30 pips or more since M30 and H4 is still in a down trend. But for a quickie profit around 12315 to 12310 if it qualifies. Intraday swing trade.
Reason why I was hunting for a short this trade have a high hit rate believe it or not. Last time this signal appeared on H4 it made over 1000 pips on DAX and it rarely appears. Stop at breakeven now. Taking half out at 12316.4. Currently at TP2 but I'm greedy right now.

This is just a bonus trade so I don't care if BE is hit.
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  • #159
  • Aug 20, 2018 10:41am Aug 20, 2018 10:41am
Your problem is too much support below. dow negative correlation.
  • #160
  • Aug 20, 2018 10:42am Aug 20, 2018 10:42am
Quoting loozers
Your problem is too much support below. dow negative correlation.
yeah possible, it's fine then I exit at BE
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