Then, there are such trades:
Trade the facts, not opinions.
Price Action in Day Trading by Dadas
- #4,143
- Apr 17, 2015 7:54am Apr 17, 2015 7:54am
- | Commercial User | Joined Sep 2012 | 3,282 Posts
Trade the facts, not opinions.
- #4,144
- May 15, 2015 3:00am May 15, 2015 3:00am
- | Commercial User | Joined Sep 2012 | 3,282 Posts
Just an update on the current matters:
Trade the facts, not opinions.
- #4,147
- Jul 13, 2015 4:28am Jul 13, 2015 4:28am
- | Commercial User | Joined Sep 2012 | 3,282 Posts
Trade the facts, not opinions.
- #4,148
- Edited 5:00am Jul 13, 2015 4:33am | Edited 5:00am
- | Commercial User | Joined Sep 2012 | 3,282 Posts
{quote} My update on the current matters. All support and resistance lines were build from the beginning of the trading day and then not redrawing. Figures and percentages in the chart are only relevant and make sense for the current trading day. 2 charts - zigzag and bars, only for better perception. What I like about it? Price every day confirms the calculated levels, then i accept a simple solution between buy or sell. What I like more? Even unexpectedly large price movements (such as the EUR / USD 29.06.15) were within the specified levels conditions....
Wrong direction!
You are not supposed to predict, you are not supposed to analyse, you are not supposed to trade!
You are supposed to make money.
Thus, you must:
1. Identify your specific market conditions.
2. Identify your specific setup.
3. Identify the very specific candle for your trade.
That's all you need to do.
The point is not to make a lot of Pips, but to make your daily target profit in your preffered currency.
And to make this profit in a minimum number of trades, preferrably in 1 trade.
And to make this profit as quickly, as possible, even in less than a minute, if you have such conditions.
In my trade above, I have a relatively wide spread, so I can't trade M1.
I must sacrifice volume for distance (time).
But on DAX30 I can trade M1.
Thus, I can do the volume trick.
One of my quickest trades was 14 Pips in 8 seconds.
That's all I need.
Trade the facts, not opinions.
- #4,151
- Aug 21, 2015 3:34am Aug 21, 2015 3:34am
- | Commercial User | Joined Sep 2012 | 3,282 Posts
There comes a time when a trader must advance to a higher level:
Trade the facts, not opinions.
- #4,153
- Edited 5:04am Aug 21, 2015 4:32am | Edited 5:04am
- | Commercial User | Joined Sep 2012 | 3,282 Posts
Trade the facts, not opinions.
- #4,156
- Sep 11, 2015 8:08am Sep 11, 2015 8:08am
- | Commercial User | Joined Sep 2012 | 3,282 Posts
Trade the facts, not opinions.
- #4,158
- Edited 10:39am Sep 11, 2015 10:09am | Edited 10:39am
- | Commercial User | Joined Sep 2012 | 3,282 Posts
2nd Trade of the Day .... any comment ?{image} JUST SIMPLE PRICE ACTION (+FUNDAMENTAL) AND MURREY MATH LINES !
I, personally made 25% of my account today.
Trading the M1 chart on DAX30.
Anyway, a simple strategy is a good strategy!
All depends on what ones goals are and how one can execute his or hers strategy.
My goal is not to leave anything to chance, as much as I can avoid guessing.
And, it is possible, just needs a lot of work and study, and some luck in meeting the right people
at the right time.
Oh, and by the way!
I have no Murrey Math lines, nor any other lines.
Just a measuring tool for volumes and deltas - real volumes, that is.
![Click to Enlarge
Name: [DAX30]M1.png
Size: 66 KB](/attachment/image/1751920/thumbnail?d=1441993015)
And my old-faithful DSWS:
![Click to Enlarge
Name: [DAX30]M1_1.png
Size: 65 KB](/attachment/image/1751922/thumbnail?d=1441993147)
Trade the facts, not opinions.
- #4,160
- Sep 14, 2015 12:37am Sep 14, 2015 12:37am
- | Commercial User | Joined Sep 2012 | 3,282 Posts
My trades of the day:
Anybody is welcome to comment.
Anybody is welcome to comment.
Trade the facts, not opinions.