Disliked{quote} But frankly I feel a sense of vertigo around current prices........ {image}Ignored
Inserted Video
- #1,262
- Feb 12, 2020 6:45am Feb 12, 2020 6:45am
- Joined Aug 2014 | Status: Trader | 85,180 Posts
{quote} yes ..always a bit warmer there than brixen/plose, but also less snow therfore. no problem for me, as i don't ski
I call upon my father's spirit , watching over me
- #1,263
- Feb 12, 2020 6:49am Feb 12, 2020 6:49am
- Joined Aug 2014 | Status: Trader | 85,180 Posts
{quote} dont put yourself into unnecessary danger ;-) https://www.youtube.com/watch?v=PDVsGyhteEg
So probably done my day: +17+12+10,5+67,5=TOTAL +107 pips FDXM.
Now time for Carbonara.......
I call upon my father's spirit , watching over me
- #1,265
- Feb 12, 2020 9:31am Feb 12, 2020 9:31am
- Joined Aug 2014 | Status: Trader | 85,180 Posts
Hello Brixen, I am relatively new to forexfactory and I am following your Dax journal some weeks now. Your results are very impressive. I understand the levels you are drawing on your charts, however the money management is another thing. Can you explain a bit more about when you add to positions? Is it based on additional supports / resistances or are you using other tools? Hope you can help me further with that aspect.
I was good in Math at school/University and luckily all my sons have same behaviour....
.But it's true, money mgmt saved me many times here.
To be more accurate:
1. markets move in waves, 1st main wave, then retracement and again new wave and new retracement and so on.
Pipfarm, best top trader here FF with Dutchy imho, always stressed me this item, and it's true really true. Great lesson for me!
So when I enter in a position if I'm right , all OK, But if I'm wrong I have to surf these waves, adding at potential low peak and reducing or closing around next high peak wave (if I'm long, and viceversa if I'm short). And I must be smart and fast, without thinking twice, because market often or sometimes gives you a chance to exit at be or with soft losses, BUT YOU HAVE TO TAKE IT often in few seconds!!!!!
2.then we have price levels. For instance yd late evening I watched FDAX at 600/590 for few minutes stalling around there.....I have not bought anything because my 1st rule is to sleep without positions (sometimes I break this rule but it's rare) and this morning again at 650 level. In these cases you must buy without thinking too much, you must buy. Then if you are wrong again point 1.
I'm aware that my explanation have not complicated chart or math formulas to offer to you, but it's working for me and I hope will work again in the foreseeable future....
Where are you from pejavik, if I may?
I call upon my father's spirit , watching over me
- #1,266
- Feb 12, 2020 9:37am Feb 12, 2020 9:37am
{quote} My trading style is not so technical, let's say a little bit naive, included Money mgmt and without fixed stop losses (most of times). I was good in Math at school/University and luckily all my sons have same behaviour....
PS: I am from the Netherlands.
- #1,267
- Feb 12, 2020 9:47am Feb 12, 2020 9:47am
- Joined Aug 2014 | Status: Trader | 85,180 Posts
I call upon my father's spirit , watching over me
- #1,268
- Feb 12, 2020 9:58am Feb 12, 2020 9:58am
{quote} Yes, but this 1step means nothing or even it's dangerous on my positions, if consequently I will not reduce in substantial way or even close my positions at next potential higher peak. In this way I'm often no too far with my average price to what market is doing. But again, I must be fast & smart, without thinking too much. P.S.: Feyenoord or Ajax, or maybe PSV ? I can't talk about football with Dutchy, but Patje is good with his AJAX team......JTrade then is from Amsterdam but he's RedDevils fan....
- #1,269
- Feb 12, 2020 10:15am Feb 12, 2020 10:15am
- Joined Aug 2014 | Status: Trader | 85,180 Posts
{quote} AJAX
But nowadays, if I can, I always watch AJAX vs FEYENOORD derby, specially when they play in Rotterdam! Great audience, great atmosphere!!!
Good luck for you and for me, pejavik!!! See you next on this journal!
I call upon my father's spirit , watching over me
- #1,272
- Feb 12, 2020 1:45pm Feb 12, 2020 1:45pm
- Joined Jul 2012 | Status: Trader | 31,788 Posts
{quote} Yes, but this 1step means nothing or even it's dangerous on my positions, if consequently I will not reduce in substantial way or even close my positions at next potential higher peak. In this way I'm often no too far with my average price to what market is doing. But again, I must be fast & smart, without thinking too much. P.S.: Feyenoord or Ajax, or maybe PSV ? I can't talk about football with Dutchy, but Patje is good with his AJAX team......JTrade then is from Amsterdam but he's RedDevils fan....
What are these 24 guys doing with that bal? Call DHL and they bring the ball to the orher side of the field for a fair price.
It's better to be out wishing to be in... than to be in wishing to be out!
- #1,273
- Feb 12, 2020 4:29pm Feb 12, 2020 4:29pm
- Joined Aug 2014 | Status: Trader | 85,180 Posts
{quote} Sorry Brixen. I know nothing about foorbal. What are these 24 guys doing with that bal? Call DHL and they bring the ball to the orher side of the field for a fair price.
OK, I'll try to explain in trading words for Dutchy what is football:
1. Two different teams of 11 players each (so 22 in total and not 24) let's say 1 buyers team and 1 sellers team;
2. the ball is the price, sometimes it goes from one side to another side of the pitch, or better say the daytrade range, sometimes it goes only in one direction, let's say in trending match;
3. we have 2 sessions of 45 minutes each, and sometimes the referee could take crucial decision, the same as a sudden Trump tweet that change the daytrade in a while....
4. target is to score a goal against the opponent team, but some day target is not reached, so the match finish in balance in this case. That's all!
P.S. : anyway I remember that last World Football Cup, summer 2018, our friend Dutchy was usual trading while he was watching some football match as reported in his journal that summer, look at pic here below.......
I call upon my father's spirit , watching over me
- #1,274
- Feb 13, 2020 12:37am Feb 13, 2020 12:37am
- Joined Aug 2014 | Status: Trader | 85,180 Posts
from Bankrobber, the CLASH
I call upon my father's spirit , watching over me
- #1,275
- Feb 13, 2020 12:41am Feb 13, 2020 12:41am
- Joined Aug 2014 | Status: Trader | 85,180 Posts
DAX Futurex chart for today: 3 clear retracement levels, 690, 650 and 590.
Tomorrow morning probably shocking GDP data from Germany waited......
Tomorrow morning probably shocking GDP data from Germany waited......
I call upon my father's spirit , watching over me
- #1,276
- Feb 13, 2020 12:49am Feb 13, 2020 12:49am
- Joined Aug 2014 | Status: Trader | 85,180 Posts
I call upon my father's spirit , watching over me
- #1,278
- Feb 13, 2020 1:07am Feb 13, 2020 1:07am
- Joined Jul 2012 | Status: Trader | 31,788 Posts
{quote}
sometimes the referee could take crucial decision, the same as a sudden Trump tweet that change the daytrade in a while....
Now I understand why sometimes half of the stadion wants to kick asses of the referee. Same as half of the US wants to do with Trump!
It's better to be out wishing to be in... than to be in wishing to be out!
- #1,280
- Feb 13, 2020 1:23am Feb 13, 2020 1:23am
- Joined Aug 2014 | Status: Trader | 85,180 Posts
I call upon my father's spirit , watching over me