DAX CFD trading VP | Forex Factory

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Attachments: DAX CFD trading VP
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DAX CFD trading VP

  • #1
  • First Post: Dec 5, 2022 11:11pm Dec 5, 2022 11:11pm
This is a new thread to document my own trading.
Only meant for myself and not as trading advice for others.
I trade only DAX CFD on 15m timeframe based on MT4 volume profile.
I know that is not the best VP data but enough for me to discover support and resistance on the graph.
My goal is to achieve 100 Dax points per day and in time to build op a trading capital.
  • #2
  • Dec 5, 2022 11:15pm Dec 5, 2022 11:15pm
06.12.2022 (preparation)

No big events for the DAX on the investing calender

My buy zones for today : 410 / 401 / 387 / 379 / 370 / 359 and big support at 340
Attached Image (click to enlarge)
Click to Enlarge Name: 06.12.22.PNG Size: 25 KB
  • #3
  • Dec 6, 2022 12:00am Dec 6, 2022 12:00am
1 lot 14408 hit
  • #4
  • Dec 6, 2022 12:04am Dec 6, 2022 12:04am
sold 1 DAX 14439 for +31 points

Flat again and a nice start of the day.
  • #5
  • Dec 6, 2022 12:30am Dec 6, 2022 12:30am
Bought 1 DAX 14407
  • #6
  • Dec 6, 2022 12:33am Dec 6, 2022 12:33am
391 / 385 and 377 hit.

I hold now 4 DAX avg. 390
  • #7
  • Dec 6, 2022 12:35am Dec 6, 2022 12:35am
Closed 1 at 391 for +1 points

I still hold 3 at avg 390
  • #8
  • Dec 6, 2022 12:40am Dec 6, 2022 12:40am
Closed 1 at 398, +8 points
  • #9
  • Dec 6, 2022 12:40am Dec 6, 2022 12:40am
Closed 1 at 401 for +11 points
  • #10
  • Dec 6, 2022 12:42am Dec 6, 2022 12:42am
closed last one at 419 for +29 points

Total for the day now +31 +1 +8 +11 + 29 = +80 DAX points

Waiting under 400 level for new longs.
  • #11
  • Dec 6, 2022 1:23am Dec 6, 2022 1:23am
bought 1 @ 451

EDIT: closed BE
  • #12
  • Dec 6, 2022 1:33am Dec 6, 2022 1:33am
1 @ 431 triggered
---

Was a fast one, closed @ 442 for +11 points
and +91 for the day.
  • #13
  • Dec 6, 2022 1:36am Dec 6, 2022 1:36am
Quoting pejavik
This is a new thread to document my own trading. Only meant for myself and not as trading advice for others. I trade only DAX CFD on 15m timeframe based on MT4 volume profile. I know that is not the best VP data but enough for me to discover support and resistance on the graph. My goal is to achieve 100 Dax points per day and in time to build op a trading capital.
Hi there, can you please explain how do you determine support and resistance please. Thank you
  • #14
  • Dec 6, 2022 1:40am Dec 6, 2022 1:40am
Quoting meowflying
{quote} Hi there, can you please explain how do you determine support and resistance please. Thank you
I use the weekly and daily volume profiles and look for high volume areas.
In addition I search in the chart for S & R points (where price turns). Best S&R areas are where previous support turned in to resistance or vice versa.
  • #15
  • Edited 2:16am Dec 6, 2022 2:01am | Edited 2:16am
1 triggered @ 427

----

closed @ 430 (+3), no movement.
I will wait on the sidelines for more volatility.

Total for the day +94
  • #16
  • Dec 6, 2022 2:06am Dec 6, 2022 2:06am
Quoting pejavik
{quote} I use the weekly and daily volume profiles and look for high volume areas. In addition I search in the chart for S & R points (where price turns). Best S&R areas are where previous support turned in to resistance or vice versa.
Where do they take the data for volume profile on CFD? It should come from futures? What broker are you using ?
  • #17
  • Dec 6, 2022 2:28am Dec 6, 2022 2:28am
1 triggered @ 387
  • #18
  • Dec 6, 2022 2:29am Dec 6, 2022 2:29am
Quoting meowflying
{quote} Where do they take the data for volume profile on CFD? It should come from futures? What broker are you using ?
I use admiral markets.
Data is 1 minute candle action I think.
Don't know exactly. As I mentioned in the first thread is not based on active future/market volumes
but enough reliable for me to trade.
  • #19
  • Dec 6, 2022 2:31am Dec 6, 2022 2:31am
added 1 at 369

I have now 2 @ avg 378

-----

closed 1 @ 380 (+2)
closed 1 @ 382 (+4)

Day target achieved, + 100.78 Dax points today.

Tomorrow new chances!!
  • #20
  • Dec 6, 2022 3:16am Dec 6, 2022 3:16am
Well done

One of my charts for meowflying - he can find more info in my thread - dont want to clutter yours!
Attached Image (click to enlarge)
Click to Enlarge Name: dec5 dax m5 1106.png Size: 45 KB
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