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Trading An Edge...

  • #2,461
  • Edited 11:16pm Jan 19, 2021 10:59pm | Edited 11:16pm
Long Dax above D-S1
SL to BE
Getting some legs on it now
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  • #2,462
  • Jan 19, 2021 11:28pm Jan 19, 2021 11:28pm
Quoting Stev1929
Long Dax above D-S1 SL to BE Getting some legs on it now {image} {image}
EDIT: Out +72
  • #2,463
  • Jan 20, 2021 12:34am Jan 20, 2021 12:34am
Long Dax above 4HR-PP
SL to BE
Out +12
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  • #2,464
  • Edited 12:48am Jan 20, 2021 12:37am | Edited 12:48am
Rinse and repeat...
EDIT: Out +79
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  • #2,465
  • Jan 20, 2021 1:47am Jan 20, 2021 1:47am
Long Dax above D-Open
SL to BE
Out +13
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  • #2,466
  • Edited 8:02am Jan 20, 2021 1:48am | Edited 8:02am
DAX - Long

off the D-PP D-Open level

EDIT: Closed 50% +21
EDIT: SL moved up +20

Attached Image (click to enlarge)
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Find out more about S&R trading and get the Pivot Prof Scanner for free here ► Pivot Prof - Trading An Edge
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  • #2,467
  • Jan 20, 2021 1:53am Jan 20, 2021 1:53am
Quoting Stev1929
{quote} EDIT: Out +72
Hi Steve, you seem to be very good at this, I struggle to follow your trade ideas though. Max's I can understand more what he's doing.
Can you explain your rationale for this trade - when I look at the point you went long I see two lows to the left just above which I would have been worried would act as resistance and also the pivot point above too. And yet the trade worked out and presumably you knew somehow in advance that it was going to take off here? I'd like to try and learn from you guys on here if I can.
Nnom nnom
  • #2,468
  • Jan 20, 2021 1:55am Jan 20, 2021 1:55am
half closed . its free trade now
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  • #2,469
  • Jan 20, 2021 2:03am Jan 20, 2021 2:03am
Quoting MaxDoom
DAX - Long off the D-PP D-Open level {image} Find out more about S&R trading and get the Pivot Prof Scanner for free here ► Pivot Prof - Trading An Edge .
i had this same entry before. i took +20 half and rest on BE hit.
  • #2,470
  • Jan 20, 2021 2:04am Jan 20, 2021 2:04am
Quoting haribos
{quote} Hi Steve, you seem to be very good at this, I struggle to follow your trade ideas though. Max's I can understand more what he's doing. Can you explain your rationale for this trade - when I look at the point you went long I see two lows to the left just above which I would have been worried would act as resistance and also the pivot point above too. And yet the trade worked out and presumably you knew somehow in advance that it was going to take off here? I'd like to try and learn from you guys on here if I can.
Hi Haribos, ive circled my trigger level (double bottom confirmation level if you will) and when i saw the good clean up bars with good momentum i took the trade long, very simple structure to trade off, hope this explains it ok
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  • #2,471
  • Jan 20, 2021 2:09am Jan 20, 2021 2:09am
Took this UK100 long off D-mS1 and closed at D-PP for +10.
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Nnom nnom
  • #2,472
  • Jan 20, 2021 2:11am Jan 20, 2021 2:11am
Quoting pointlessfor
{quote} i had this same entry before. i took +20 half and rest on BE hit.
50% takes pay the wages
  • #2,473
  • Jan 20, 2021 2:12am Jan 20, 2021 2:12am
Quoting Stev1929
{quote} Hi Haribos, ive circled my trigger level (double bottom confirmation level if you will) and when i saw the good clean up bars with good momentum i took the trade long, very simple structure to trade off, hope this explains it ok {image}
Ah OK thanks, I see now, basically it was a break of the double bottom that you were anticipating - at least with the first lot and the second one after it broke through.
Nnom nnom
  • #2,474
  • Edited 2:25am Jan 20, 2021 2:15am | Edited 2:25am
Quoting haribos
{quote} Ah OK thanks, I see now, basically it was a break of the double bottom that you were anticipating - at least with the first lot and the second one after it broke through.
You got it
I am at the point now and im sure Max would agree that we dont search out these triggers, we just 'see' them and bang! whether its a pivot level, momentum or a structure.
I have a lot going on outside of trading on a daily basis so my entries are rarely perfect, i get say 5-10 min bursts at my screen throughout the day so miss alot of good trades
For instance, now i have to go set up dialysis for my step daughter so thats me done for the next 4-5 hours
  • #2,475
  • Jan 20, 2021 2:21am Jan 20, 2021 2:21am
Quoting MaxDoom
{quote} 50% takes pay the wages
yes. this trade was 0 . cos 50% taken and 50% hit sl = 0
  • #2,476
  • Jan 20, 2021 2:31am Jan 20, 2021 2:31am
i missed leg down . i think we will see soon
  • #2,477
  • Jan 20, 2021 4:11am Jan 20, 2021 4:11am
Jeez Dax is making heavy weather of breaking the D-PP level, come on you can do it!
Nnom nnom
  • #2,478
  • Jan 20, 2021 4:25am Jan 20, 2021 4:25am
Finally! Short DAX below D-PP, closed +10. That'll do me for today :-)
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Nnom nnom
  • #2,479
  • Jan 20, 2021 4:30am Jan 20, 2021 4:30am
Quoting haribos
Finally! Short DAX below D-PP, closed +10. That'll do me for today :-) {image}
Good man
  • #2,480
  • Edited 6:05am Jan 20, 2021 5:26am | Edited 6:05am
Late entry..... Long Dax above D-Open
SL to BE +10
EDIT: Out +23
Ok thats me done for now +203 pips so far today, need to concentrate on work now
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