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SPX and DAX - CFDs are the place to be

  • #1,601
  • Sep 1, 2014 2:24am Sep 1, 2014 2:24am
Morning all !!!

Gold seems willing to make a spike up.
If this will be the case... i think we will see a drop on Dax, SP, etc.
The best thing that can happen to you is to find out where you're wrong.
  • #1,602
  • Sep 1, 2014 2:43am Sep 1, 2014 2:43am
Quoting Islander
GM - the 7:02 candle is a 1 min 30pt semi marubozo with high volume - that's almost as rare as rocking-horse manure! Short at 9506....SL at +1 in case price bounces up off MR 1 and heads for yesterday's high at 9517.... Edit:Closed at the (retail) open level - 9480. Now coffee and waiting for XO.....
GM , is Marbubozo M1 enough reason to take the trade ?
  • #1,603
  • Sep 1, 2014 3:05am Sep 1, 2014 3:05am
Quoting geomoon
{quote} GM , is Marbubozo M1 enough reason to take the trade ?
No it was only an alert - but when you combine it with time (the first five minutes after FO) , volume (check what Tom Williams says) and pattern (no follow through) - then I sold in the 6:08 candle.....
Trading Levels with WRBs
  • #1,604
  • Sep 1, 2014 3:31am Sep 1, 2014 3:31am
Quoting deltaone
{quote} yes, i´m going to trade today, although a quiet session is likely. the exception proves the rule...

Ha! Thats true!!

I see you move your stop to +10 when u are in profit.

When do you move your stop to +10?? Have you a rule?

Thanks
  • #1,605
  • Sep 1, 2014 3:32am Sep 1, 2014 3:32am
Quoting Islander
{quote} No it was only an alert - but when you combine it with time (the first five minutes after FO) , volume (check what Tom Williams says) and pattern (no follow through) - then I sold in the 6:08 candle.....
Great timing , is there a place that I can find more info about time/Pattern ?
  • #1,606
  • Sep 1, 2014 3:53am Sep 1, 2014 3:53am
short @ 9437,7 sl 9447,7 tp 9407,7
fortis fortuna adiuvat
  • #1,607
  • Sep 1, 2014 3:56am Sep 1, 2014 3:56am
sl = be now.
fortis fortuna adiuvat
  • #1,608
  • Sep 1, 2014 4:01am Sep 1, 2014 4:01am
trying long @9429
SL if open < 9424 (30 min chart)

TP 9474-75
The best thing that can happen to you is to find out where you're wrong.
  • #1,609
  • Sep 1, 2014 4:03am Sep 1, 2014 4:03am
out. +-0
fortis fortuna adiuvat
  • #1,610
  • Sep 1, 2014 4:14am Sep 1, 2014 4:14am
Hi,

Please forgive me for intruding in your forum, but as the subject of bank holidays has been raised I would like to ask a question of you talented traders.
I see today as a quiet day with a low probability of breaking out of the existing technical pattern and as the chart below shows, I expect price to return some sort of recent mid-point possible around 9465.

My question is how do you traders see today with regards to position size? Do you reduce your position size because it is slow, increase it because there is less chance of being blown away or neither and stick to your trading plan?

Thanks,
Dave.


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  • #1,611
  • Sep 1, 2014 4:15am Sep 1, 2014 4:15am
Quoting geomoon
{quote} Great timing , is there a place that I can find more info about time/Pattern ?
its my adaptation of Robert Miner's methodology as explained in his Dynamic Traders course - IMO THE most comprehensive work that I have ever seen.......check it out....

Edit: I closed out my last short ~ the .618 retrace of the range since Friday's low and I am finished for this morning - and probably the day given that there will be no input this afternoon from NY ......
Trading Levels with WRBs
  • #1,612
  • Sep 1, 2014 4:38am Sep 1, 2014 4:38am
long @ 9451,2 sl 9441,2 tp 9481,2
fortis fortuna adiuvat
  • #1,613
  • Sep 1, 2014 4:42am Sep 1, 2014 4:42am
Quoting Dave.
Hi, Please forgive me for intruding in your forum, but as the subject of bank holidays has been raised I would like to ask a question of you talented traders. I see today as a quiet day with a low probability of breaking out of the existing technical pattern and as the chart below shows, I expect price to return some sort of recent mid-point possible around 9465. My question is how do you traders see today with regards to position size? Do you reduce your position size because it is slow, increase it because there is less chance of being blown away...
hi dave,

this is an open forum, no one has the ownership
my position size is the same as on any other trading day.

sl hit. -10
fortis fortuna adiuvat
  • #1,614
  • Sep 1, 2014 4:48am Sep 1, 2014 4:48am
FDAX 1H: after candle close (which looks like a harami) I will look if price goes higher than the last candle's high. If price pierces the last closed candle 2 or 3 pips higher, then its time to scalp long with target 9500. So waiting for 1H candle close first.

Happy Trades
Focus only on what truly matters!
  • #1,615
  • Sep 1, 2014 4:53am Sep 1, 2014 4:53am
again
long @9451,2 sl 9441,2 tp 9581,2
fortis fortuna adiuvat
  • #1,616
  • Sep 1, 2014 4:54am Sep 1, 2014 4:54am
Ata-Turkoglu, you also have Support ard that area.
  • #1,617
  • Sep 1, 2014 5:03am Sep 1, 2014 5:03am
Quoting Danku
Ata-Turkoglu, you also have Support ard that area.
Yes.. especially the 9465 level is a risky barrier.. so maybe I wait for a good confirmation before I jump in for a long.. thanks for the heads up

Happy Trades
Focus only on what truly matters!
  • #1,618
  • Sep 1, 2014 5:04am Sep 1, 2014 5:04am
Quoting deltaone
{quote} hi dave, this is an open forum, no one has the ownership my position size is the same as on any other trading day. sl hit. -10




Thanks deltaone for confirming my thoughts, I also believe keeping this constant is the way to go, but recently I have been thinking about day movement probability and position size.

Thanks,
  • #1,619
  • Sep 1, 2014 5:15am Sep 1, 2014 5:15am
Quoting deltaone
again long @9451,2 sl 9441,2 tp 9581,2
Hi deltaone, would you mind sharing the basis for your entries? Thanks
  • #1,620
  • Sep 1, 2014 5:25am Sep 1, 2014 5:25am
Quoting Ata-Turkoglu
{quote} Yes.. especially the 9465 level is a risky barrier.. so maybe I wait for a good confirmation before I jump in for a long.. thanks for the heads up Happy Trades
Opened long at price 9458 similar to deltaone.. but got out at 9465 with +7 points. IMO waiting for shorts seems safer for the day.

Happy Trades
Focus only on what truly matters!
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