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Swing Trades DAX/DOW/NQ/GOLD

  • #3,321
  • Edited 8:49am Aug 22, 2019 8:06am | Edited 8:49am
DOW Long @ 26.125 MICROs
T1 +40p 6 lot
4 lot running
T2 +52p
2 lot running/SL BE and trail up
T3 +60p 1 lot
1 left running
Trgt 225 (+100p) or BE SL
FLAT +72p last lot @ ETH POC.

Trgt 26.200/225 zone RTH POC and TPO GAP

Price inside the Ichi cloud but still above my Swing MA lines.
If the price gets below 26.100 I will be more worried
It's better to be out wishing to be in... than to be in wishing to be out!
  • #3,322
  • Edited 11:30am Aug 22, 2019 8:08am | Edited 11:30am
DAX Long @ 726 -0.50% bounce
T1 +23p 3 lot
1 left/SL BE

FLAT +17p last lot
Attached Image
It's better to be out wishing to be in... than to be in wishing to be out!
  • #3,323
  • Aug 22, 2019 8:50am Aug 22, 2019 8:50am
Done for Today. Stay green!
It's better to be out wishing to be in... than to be in wishing to be out!
  • #3,324
  • Aug 22, 2019 11:49am Aug 22, 2019 11:49am
Quoting Dutchy Daxy
Done for Today. Stay green!
Lekker bezig maat... Haha.... Impressive trading!... I tried renko before... But it lags a bit to my tast... But you are probably the only one who is profitable with them on FF....
  • #3,325
  • Aug 22, 2019 12:09pm Aug 22, 2019 12:09pm
Quoting Patje
{quote} Lekker bezig maat... Haha.... Impressive trading!... I tried renko before... But it lags a bit to my tast... But you are probably the only one who is profitable with them on FF....
Being profitable has nothing to do with Renko Bars. They are just handy in calculating my SL

It has to do what the PA is doing in relation to your MA lines/MP levels and %% levels.

MP & %% are on every type of chart the same. Minutes/Seconds/Range/Renko/Kagi/Heiken Ashi/ etc.

MA lines/Ichimoku react different and show different on every single other chart type.
There is a huge difference if I use a T3 line on a Renko chart or the same T3 MA line on a Minute chart for example.
You have to be aware what different chart types do and tell you and how different a MA line reacts on that specific chart type.

30% of my trades is based on %% levels
25% of my trades is based on MP levels
20% of my trades is based on MA line crossings
20% of my trades is based on common sence & experience
5% of my trades is based on luck
Attached Image (click to enlarge)
Click to Enlarge Name: 47491910_1928324107287993_4861647952503898112_n.jpg Size: 45 KB
It's better to be out wishing to be in... than to be in wishing to be out!
  • #3,326
  • Aug 22, 2019 12:19pm Aug 22, 2019 12:19pm
Quoting Dutchy Daxy
High expectations of Jackson Hole/FED Tomorrow. Helicopter money If US Q3 earnings are still good, maybe less rate cuts then the market is expecting/hoping for Powel has to explain why rate cuts are needed, while US econ. is still in good shape. Conflicting data. US consumer spendings still strong. {image}
Fed’s Powell will find it hard not to rock markets with his comments Friday
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  1. Fed Chairman Jerome Powell faces the tough task of convincing the markets that the Fed is willing to continue to cut interest rates if needed, contrary to the view of some Fed officials.
  2. Powell speaks at the Fed’s annual Jackson Hole symposium Friday morning, an important gathering of central bankers and economists.
  3. Powell is in the tough spot of being under siege from his own committee, as well as an angry president and financial markets that are losing confidence in the Fed’s ability to prevent a recession.

https://www.cnbc.com/2019/08/22/feds...ts-friday.html

It's better to be out wishing to be in... than to be in wishing to be out!
  • #3,327
  • Aug 22, 2019 12:53pm Aug 22, 2019 12:53pm
DOW Long 280
T1 +11p
T2 +22p
2 lot running
T3 +42p 1 lot
1 left BE for overnight.
No Overnight. FLAT BE last lot
Attached Image (click to enlarge)
Click to Enlarge Name: YM Day RTH.png Size: 63 KB
It's better to be out wishing to be in... than to be in wishing to be out!
  • #3,328
  • Aug 23, 2019 12:06am Aug 23, 2019 12:06am
DAX still in the 800 Res. zone.

Markets prob. gone wait till Powel speaks Today. See how he can dig out a rabbit hole in Jackson Hole
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It's better to be out wishing to be in... than to be in wishing to be out!
  • #3,329
  • Aug 23, 2019 12:13am Aug 23, 2019 12:13am
No progress expected on any field. Waist of time and money!

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It's better to be out wishing to be in... than to be in wishing to be out!
  • #3,330
  • Edited 12:40am Aug 23, 2019 12:27am | Edited 12:40am
DOW also @ Res/waiting zone 26.300<>400

Price just above last Weekly POC

Early this morning I opened a DOW CFD Long Swing trade @ 26.300. 2 lot only.
SL BE

I need to see a break out above 26.400 to add more lots.
During Powel speach later Today price could jump al over the place/chart

On my IG CFD chart there is a red Res line (auto generated by IG) which is matching with my 4 Weeks back VWAP line. 800<>850
@ +2.0% from Y close.
Serious target if Powel delivers good news.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: YM W.png Size: 74 KB
Click to Enlarge Name: YM WW.png Size: 88 KB
Click to Enlarge Name: DOW-4-hours.png Size: 76 KB
It's better to be out wishing to be in... than to be in wishing to be out!
  • #3,331
  • Aug 23, 2019 12:49am Aug 23, 2019 12:49am
Same for the DAX. Two matching targets on Futures & IG charts @ 12.100 (if the markets not colapse again)
Attached Image (click to enlarge)
Click to Enlarge Name: DAX-4-hours.png Size: 88 KB
Attached Image
It's better to be out wishing to be in... than to be in wishing to be out!
  • #3,332
  • Aug 23, 2019 1:02am Aug 23, 2019 1:02am
Quoting Dutchy Daxy
{quote} Being profitable has nothing to do with Renko Bars. They are just handy in calculating my SL It has to do what the PA is doing in relation to your MA lines/MP levels and %% levels. MP & %% are on every type of chart the same. Minutes/Seconds/Range/Renko/Kagi/Heiken Ashi/ etc. MA lines/Ichimoku react different and show different on every single other chart type. There is a huge difference if I use a T3 line on a Renko chart or the same T3 MA line on a Minute chart for example. You have to be aware what...
Got it,..... Just saying I like the clean picture renko creates.... But I stick to the 1min....as my entries with renko aren't that great.... For me personally It is not always easy to trade it that's why I take my head off as you are doing so well with it.... I know it's not all about renko it's your total package method including your plan and psychologic wich makes you a great trader.....
  • #3,333
  • Edited 2:46am Aug 23, 2019 2:31am | Edited 2:46am
Quoting Patje
{quote} Got it,..... Just saying I like the clean picture renko creates.... But I stick to the 1min....as my entries with renko aren't that great.... For me personally It is not always easy to trade it that's why I take my head off as you are doing so well with it.... I know it's not all about renko it's your total package method including your plan and psychologic wich makes you a great trader.....
With CFD Swing trading I use 30 Min/4 Hrs and Daily chart. I use the Ichimoku as well on the Min. charts, but they show very different levels compared with the Ichimokou Renko charts.
(Renko doesn't work (good) on IG charts)

Its impossible to get these indicators showing the same levels on different chart types. (Minute and Renko)
As posted before: MP & %% are on every type of chart the same.

So the Ichimoku and Swing T3 MA lines on my Renko charts are leading.


But I stick to the 1min

When you watch a 1 Min chart you get stuck in so much noise and you don't see the bigger picture anymore.
30 Min. in my fastes Minute chart
It's better to be out wishing to be in... than to be in wishing to be out!
  • #3,334
  • Aug 23, 2019 5:05am Aug 23, 2019 5:05am
Attached Image
It's better to be out wishing to be in... than to be in wishing to be out!
  • #3,335
  • Aug 23, 2019 5:08am Aug 23, 2019 5:08am
DOW Long @ -0.50% bounce @ 152 First trade Today.
T1 +11p
T2 +20p

FLAT BE last 2 lots
Attached Image (click to enlarge)
Click to Enlarge Name: YM Day RTH.png Size: 47 KB
It's better to be out wishing to be in... than to be in wishing to be out!
  • #3,336
  • Aug 23, 2019 5:12am Aug 23, 2019 5:12am
DAX dropped to -0.50% on the tick and bounced up there, but I couldn't take the long trade

RTH GAP up to 750/+0.25% zone
It's better to be out wishing to be in... than to be in wishing to be out!
  • #3,337
  • Aug 23, 2019 5:21am Aug 23, 2019 5:21am
It feels like a sell-off is coming at the US session! Another crazy Friday on the horizon...
Price = the amount a greater fool is willing to pay!
  • #3,338
  • Aug 23, 2019 5:23am Aug 23, 2019 5:23am
It all depends on Powell speech, and what he will respond. i.e. Rate cuts coming = Buy the Dip! If no more sell-off.
Price = the amount a greater fool is willing to pay!
  • #3,339
  • Edited 6:00am Aug 23, 2019 5:45am | Edited 6:00am
Quoting Pip-hunter
It feels like a sell-off is coming at the US session! Another crazy Friday on the horizon...
Possible

26K is close again /1.0%

DOW price is below my first Swing MA line and looks to turn Bearish. (DAX still Bullish but on the edge)
It's better to be out wishing to be in... than to be in wishing to be out!
  • #3,340
  • Edited 6:04am Aug 23, 2019 5:52am | Edited 6:04am
DOW Long again @ 112. TPO GAP closing
T1 +11p
2 lot running
T1 +32/33p
1 running
FLAT BE last lot
Attached Image
It's better to be out wishing to be in... than to be in wishing to be out!
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