Carpe diem: Intraday tactics for Dax and Dow

I'm testing signals for an EA.....its buy was on the break of the BRN at 08:36, TP 1 at +50 and TP 2 at +90.......TWT

long @9866 sl -10 tp +30 (macd, dax > r1)

Morning everyone
I have been reading a few post and I believe almost everyone has his own way to trade. I do not think the owner of this thread would have anything against me saying which way I trade the DAX, FT, and the DOW
Well here it is
I check the Pivot of the day previous day, then half an hour later at 8.30 I check where is the price, if it is over the Pivot I buy if it is down the Pivot I sell and I go away, usually I check again at the end of the first hour of trading and if I find a good profit meaning over 50 pips I have done with my day trading like this morning I bought the DAX at 9795 and sold at 9860 65 pips profit not bad really. Stop loss always 100 Pips and in 3 months only 4 times I have been hit with the SL trading all the 3 Major Indexes . Now do not ask me records I do not keep I am a very disorderly Personit but believe me the method if You can call it this way is quite profitable, most of the time I close the computer and check at the beginning of NY opening if I find a good profit over 50 pips I close the trade and after half an hour of the DOW opening I trade again all 3 majors following the direction of the DOW close again the computer and every half hour or even an hour check again if there is a good profit I close the index that is giving it to me if not I wait until the European close for ending the DAX and the FT.
Now what I ask and I hope some one can give me an advice the best way To keep a records and how to use Money Management the proper way and keep myself very disciplined because I believe if I follow it and done properly this method is certainly very profitable. Staying at the computer and watching price moving up/down even for a few seconds makes me very nervous so I thought lets do it this way and it works the only way is MM and Discipline. Any advice is welcomed.

and that finishes my morning - back for the US Session

had bacon, eggs and coffee
tp hit. +30

nice one, islander. next impulse (at the latest): us gdp

hi ralfy,

ad 1) making records is really easy. you just have to do it day by day. making a trading log (either electronical, some brokers have that service included) or on paper. as long as you say you are a disorderly person, it might be better to print out your daily p/l and file it. you should start in the morning with writing down your setup/reasoning for the day and close it when you end your trading in the evening.

ad 2) money management: always use the same sl and tp, the same amount for every single order. do not scale in/martingale. if you want to scale out, do this by setting tp 1 and 2 (max. 3) directly when you enter the market.

hope that helps.

all the best
d1

I have not traded the DAX during the Thanksgiving week.
Are there any peculiarities to watch out for or is it business as usual?

to me it´s business as usual.

Thanks for that D1- was working towards a short week...

you´re welcome

and YES! it´s a rocket again
10.000, wir kommen
btw: did anyone of the yes-voters made profits due to this bias?

Yes I have, and still do. Green pip for all

Thanks......I had two buy signals ~ the **75 and then ~MR 2, so I was long into the data with TP at a fib expansion at 9923, so we both got nice profits

Now a break for an hour with my alerts set until the next potential rocket firing

Ha! I was a 'no' vote but have still made loads of green pips. Lets see if it holds....vieleicht sollte Ich 'ja' sagen!
Great thread by the way ....

Did a high risk scalp from 9901..target 9911. (20% up for the day)

Thanks again for the great thread Deltaone

Paul.

Bloody hell. With regards to the poll I said "nup, 10k.. nope"

I retract that vote, lol. Only 100 points off (at one stage 75).

Nevertheless, shorting very small amounts of the SPX as we go up (average 2068, never thought I'd be saying that lol). Hoping for Gewinnmitnahmen. Will be worried by 2100 heh.

So very relentless.

And for me Delta One, following this thread now for some days, week, appreciate the consistency of your trades. I have learned from this solid trading approach when trading CFD DAX. Even after having many years trading experience. Ausgezeignet. Und grüsse aus Holland.

Bernard

[quote=deltaone;7897900]{quote} hi ralfy, ad 1) making records is really easy. you just have to do it day by day. making a trading log (either electronical, some brokers have that service included) or on paper. as long as you say you are a disorderly person, it might be better to print out your daily p/l and file it. you should start in the morning with writing down your setup/reasoning for the day and close it when you end your trading in the evening. ad 2) money management: always use the same sl and tp, the same amount for every single order. do not scale in/martingale. if you want to scale out, do this by setting tp 1 and 2 (max. 3) directly when you enter the market. hope that helps. all the best d1[/quote

Thanks for for the advice.

Long 17800 System entry ... but it will take nerves
SL 17780
TP 17840