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SPX and DAX - CFDs are the place to be

  • #1,881
  • Sep 4, 2014 4:29am Sep 4, 2014 4:29am
Sorry I don't post much, But I shall try do more in the future
Long 9548 TP 9600 SL 9535
Carpe Vinum.
  • #1,882
  • Sep 4, 2014 4:34am Sep 4, 2014 4:34am
SL moved to 9565

Happy Trades
Focus only on what truly matters!
  • #1,883
  • Sep 4, 2014 4:35am Sep 4, 2014 4:35am
Buy@9552 TP@9570, a Fibo retracement level.
Attached Image (click to enlarge)
Click to Enlarge Name: DAX2.jpg Size: 106 KB

As most of the DAX components are red , I think this move is a bounce of 9550 level.
EDIT: upload chart.
  • #1,884
  • Sep 4, 2014 4:36am Sep 4, 2014 4:36am
Quoting Driver55
speculative buy @9549 SL --> only if open (30min chart) < 9543 TP --> 9573-88
out @ 9579
The best thing that can happen to you is to find out where you're wrong.
  • #1,885
  • Sep 4, 2014 4:43am Sep 4, 2014 4:43am
Hey Guys,
Profit-taking day so far. No trade setups yet.
BBL
Hear the music before the song is over ...
  • #1,886
  • Sep 4, 2014 4:44am Sep 4, 2014 4:44am
Quoting Driver55
{quote} out @ 9579
Nice trade.
You hold the trade longer than I.
  • #1,887
  • Sep 4, 2014 4:52am Sep 4, 2014 4:52am
Quoting xiaoxin
{quote} Nice trade. You hold the trade longer than I.
The best thing that can happen to you is to find out where you're wrong.
  • #1,888
  • Sep 4, 2014 4:54am Sep 4, 2014 4:54am
Fdax

On 1H chart a nice reversal pattern is about to form itself (hopefully)

Happy Trades
Focus only on what truly matters!
  • #1,889
  • Sep 4, 2014 4:59am Sep 4, 2014 4:59am
Quoting Ata-Turkoglu
Fdax On 1H chart a nice reversal pattern is about to form itself (hopefully) Happy Trades

From my point of view... this is not the right bar... but let's see

It would convince me if there was a new low and then ...
The best thing that can happen to you is to find out where you're wrong.
  • #1,890
  • Sep 4, 2014 5:00am Sep 4, 2014 5:00am
Quoting Driver55
{quote} From my point of view... this is not the right bar... but let's see
It formed as a clear Piercing Line pattern.. so.. now if price doesn't go below 9537 we will have an uptrend.

Happy Trades
Focus only on what truly matters!
  • #1,891
  • Sep 4, 2014 5:09am Sep 4, 2014 5:09am
Quoting Ata-Turkoglu
{quote} It formed as a clear Piercing Line pattern.. so.. now if price doesn't go below 9537 we will have an uptrend. Happy Trades
This is the key " if price doesn't go below 9537 " ...
this means that if one works on this pattern , must accept a large stoploss.
Question :
Who of the present works with this kind of SL ??
The best thing that can happen to you is to find out where you're wrong.
  • #1,892
  • Sep 4, 2014 5:10am Sep 4, 2014 5:10am
Inverted HS on 15min chart target 9610
Carpe Vinum.
  • #1,893
  • Sep 4, 2014 5:14am Sep 4, 2014 5:14am
Quoting Driver55
{quote} This is the key " if price doesn't go below 9537 " ... this means that if one work on this pattern , must accept a large stoploss. Question : Who of the present works with this kind of SL ??
Okay Driver55.. a price pattern is just a signal.. of course we need a confirmation and that's what I am saying.

It is not about the stop loss.. It is about entering a new trade when we trade with patterns. I was giving the information for people like me who were looking for a new trade opportunity. So if price pierces the 9537 line its still not enough. But this is all about the basics of pattern trading which I will not be able to explain here. Short and simple: confirmation.. confirmation.. and confirmation..

Happy Trades
Focus only on what truly matters!
  • #1,894
  • Sep 4, 2014 5:24am Sep 4, 2014 5:24am
Quoting Ata-Turkoglu
{quote} Okay Driver55.. a price pattern is just a signal.. of course we need a confirmation and that's what I am saying. It is not about the stop loss.. It is about entering a new trade when we trade with patterns. I was giving the information for people like me who were looking for a new trade opportunity. So if price pierces the 9537 line its still not enough. But this is all about the basics of pattern trading which I will not be able to explain here. Short and simple: confirmation.. confirmation.. and confirmation.. Happy Trades
Good Answer Ata but also Driver55, the issue is mainly your entry strategy and money management. If you were to enter at close of the pattern this would be suicide because of the big S/L. It good to mention the pattern to the forum for those interested after all we are sharing. Looking for PA on lower TF for long entry.

Cheers
  • #1,895
  • Sep 4, 2014 5:26am Sep 4, 2014 5:26am
Quoting deltaone
{image}
got out of this one with adjusted sl while i was shopping. +10
now i´m waiting for lord draghila. i still think there will no decision, just talk, and this would send the dax down - time will tell.
fortis fortuna adiuvat
  • #1,896
  • Sep 4, 2014 5:32am Sep 4, 2014 5:32am
Quoting Driver55
{quote} This is the key " if price doesn't go below 9537 " ... this means that if one works on this pattern , must accept a large stoploss. Question : Who of the present works with this kind of SL ??
Please no offense Driver55.. its just about sharing what I detect on my chart. What you do with it is totally up to you. And I worked on accounts of multi-millionaires for a couple of years and their average stop losses (actually hedge pending orders) was between 200 to 800 pips. If you trade on Day or Weekly charts the stop loss can be very huge. No problem with that.

Quoting Danku
{quote} Good Answer Ata but also Driver55, the issue is mainly your entry strategy and money management. If you were to enter at close of the pattern this would be suicide because of the big S/L. It good to mention the pattern to the forum for those interested after all we are sharing. Looking for PA on lower TF for long entry. Cheers
Thanks for your supportive opinion.

Happy Trades
Focus only on what truly matters!
  • #1,897
  • Sep 4, 2014 5:41am Sep 4, 2014 5:41am
Quoting Ata-Turkoglu
{quote} Please no offense Driver55.. its just about sharing what I detect on my chart. What you do with it is totally up to you. And I worked on accounts of multi-millionaires for a couple of years and their average stop losses (actually hedge pending orders) was between 200 to 800 pips. If you trade on Day or Weekly charts the stop loss can be very huge. No problem with that. {quote} Thanks for your supportive opinion. Happy Trades

Why do you feel what you say as if it were an offense ??
For me no problem... you have your idea ... and i mine
The best thing that can happen to you is to find out where you're wrong.
  • #1,898
  • Sep 4, 2014 5:43am Sep 4, 2014 5:43am
Quoting Ata-Turkoglu
SL moved to 9565 Happy Trades
SL of my long from 9555 moved to 9570 (+15 in the pocket)

Happy Trades
Focus only on what truly matters!
  • #1,899
  • Sep 4, 2014 5:43am Sep 4, 2014 5:43am
Quoting Driver55
{quote} Why do you feel what you say as if it were an offense ?? For me no problem... you have your idea ... and i mine
Okay then Driver55.. my mistake..

Happy Trades
Focus only on what truly matters!
  • #1,900
  • Sep 4, 2014 5:44am Sep 4, 2014 5:44am
Quoting Ata-Turkoglu
{quote} Please no offense Driver55.. its just about sharing what I detect on my chart. What you do with it is totally up to you. And I worked on accounts of multi-millionaires for a couple of years and their average stop losses (actually hedge pending orders) was between 200 to 800 pips. If you trade on Day or Weekly charts the stop loss can be very huge. No problem with that. {quote} Thanks for your supportive opinion. Happy Trades

Hope u are long, am up some 12 Ticks
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