{quote} You must have a very very long mouse finger, your wife must love you a lot
- #4,622
- Jan 5, 2016 8:17am Jan 5, 2016 8:17am
- Joined Jul 2010 | Status: Retired | 3,621 Posts
Famous last words. This is why I do not have a job as an analyst
Don't get caught out by Divergence. In a strong trend like today Divergence is unlikely to signal a change in direction and watch out for divergence in No Mans Land as you can see on the chart, i closed the trade because of divergence but I am not expecting this to be a change of direction because there is nothing else to support the divergence.
Why would price have turned at 10170?
There was a psych level at 10180 but Dax has not been paying too much attention to the 80s
Depending on what Pivot points you are looking at 10193 was a possible S1 level. But price over shot that by 22 pips.
So, I have been watching price climb up after it eased out of the consolidation zone 10200 - 10230 waiting for a pullback to enter
Price always Pulls back at some point you just need to wait!
Do you think that some of the Big Boys took offence when I called them Idiots, saw my post this morning and said "We'll show him what Idiots can do" and promptly reversed the DAX making me look like a right Dick head!!!
So the moral here is "Don't do as I say, do as I do"
Don't get caught out by Divergence. In a strong trend like today Divergence is unlikely to signal a change in direction and watch out for divergence in No Mans Land as you can see on the chart, i closed the trade because of divergence but I am not expecting this to be a change of direction because there is nothing else to support the divergence.
Why would price have turned at 10170?
There was a psych level at 10180 but Dax has not been paying too much attention to the 80s
Depending on what Pivot points you are looking at 10193 was a possible S1 level. But price over shot that by 22 pips.
So, I have been watching price climb up after it eased out of the consolidation zone 10200 - 10230 waiting for a pullback to enter
Price always Pulls back at some point you just need to wait!
Do you think that some of the Big Boys took offence when I called them Idiots, saw my post this morning and said "We'll show him what Idiots can do" and promptly reversed the DAX making me look like a right Dick head!!!
So the moral here is "Don't do as I say, do as I do"
Cut your Losers short and let your Winners run.
Famous last words. This is why I do not have a job as an analyst
I was on the lookout for a pullback as well, I guess we just missed the train 
Invincibility lies in the defence; the possibility of victory in the attack
- #4,624
- Jan 5, 2016 8:52am Jan 5, 2016 8:52am
If price decides to visit a place in the past and it's been a long time since price has gone there, I tend to zoom out a bit. Here you can see 30,50 and 100 pip brick.
Energy, frequency and vibration.
- #4,625
- Edited 9:16am Jan 5, 2016 8:57am | Edited 9:16am
- | Joined Nov 2014 | Status: Trader | 1,189 Posts
Famous last words. This is why I do not have a job as an analyst
I waited for the PB and now I'm short!
finger docet
5m
support area touched -->out
nescentia necat
- #4,626
- Jan 5, 2016 9:24am Jan 5, 2016 9:24am
- Joined Jul 2010 | Status: Retired | 3,621 Posts
{quote} but I have heard you! I waited for the PB and now I'm short! finger docet
Cut your Losers short and let your Winners run.
- #4,627
- Jan 5, 2016 9:34am Jan 5, 2016 9:34am
- | Joined Nov 2014 | Status: Trader | 1,189 Posts
{quote} You are ahead of me. You lead I'll follow. {image}
niiice!!hemm hemm sorry for the enthusiasm,
:nerd:well done sir
your tp (above 1025x) is put there coz just above the 50? or is there some other reason that I'm missing?
nescentia necat
{quote} You are ahead of me. You lead I'll follow. {image}
{quote} but I have heard you! I waited for the PB and now I'm short! finger docet
)I didn't know which lvl to pick 38Fib at 270, S/R at 260LVL or 50Fib at 250, Finally I decided the shortes way is the easiest for me.
SO I close trade at 38fib.
Well done guys.
- #4,629
- Jan 5, 2016 9:39am Jan 5, 2016 9:39am
- Joined Jul 2010 | Status: Retired | 3,621 Posts
Cut your Losers short and let your Winners run.
- #4,630
- Jan 5, 2016 9:43am Jan 5, 2016 9:43am
- | Joined Nov 2014 | Status: Trader | 1,189 Posts
{quote} {quote} Same boat, same ocean, different destinations..
nice trade buddy!
nescentia necat
- #4,631
- Jan 5, 2016 9:46am Jan 5, 2016 9:46am
- | Joined Nov 2014 | Status: Trader | 1,189 Posts
nescentia necat
- #4,632
- Jan 5, 2016 9:48am Jan 5, 2016 9:48am
- | Joined Nov 2014 | Status: Trader | 1,189 Posts
GER30 +48. Blimey Friska, you could at least give me a bit more warning that it was time to close, I was lucky priced kissed me, loved me and then left. {image}
but they are the best stories !!
nescentia necat
- #4,633
- Jan 5, 2016 9:48am Jan 5, 2016 9:48am
- Joined Jul 2010 | Status: Retired | 3,621 Posts
{quote} {quote} Same boat, same ocean, different destinations..
Cut your Losers short and let your Winners run.
- #4,634
- Jan 5, 2016 9:51am Jan 5, 2016 9:51am
- Joined Jul 2010 | Status: Retired | 3,621 Posts
quick long TL bouce>> out {image}
now you are just showing off.
Cut your Losers short and let your Winners run.
- #4,635
- Jan 5, 2016 10:03am Jan 5, 2016 10:03am
- Joined Jul 2010 | Status: Retired | 3,621 Posts
Cut your Losers short and let your Winners run.
- #4,636
- Edited 10:25am Jan 5, 2016 10:11am | Edited 10:25am
quick long TL bouce>> out {image}
{quote} Doesn't matter what route you take, if it puts bread on the table that is all that matters. Well done
As long as I'll have great teacher like you and Chief Analyst Luca I should be fine..)
- #4,637
- Jan 5, 2016 10:14am Jan 5, 2016 10:14am
- | Joined Nov 2014 | Status: Trader | 1,189 Posts
nescentia necat
- #4,638
- Jan 5, 2016 10:17am Jan 5, 2016 10:17am
- | Joined Nov 2014 | Status: Trader | 1,189 Posts
{quote} Thank you my friend! Same to you. That TL bounce was a good call.. I totally missed this TL! I should pay more attention.. Anyway it was nice confluence,TL + price bounce from minor S/R 260, with 5 renko DIV and 38-50 area.. It was worth trying go long. And I'm glad it worked out for you.
nescentia necat
- #4,639
- Jan 5, 2016 10:23am Jan 5, 2016 10:23am
- Joined Jul 2010 | Status: Retired | 3,621 Posts
GER30+41. Last one, a quick take off divergence at major S&R. 200 ema purple line is weekly S&R and HTF 50% and a BRN and probably a few other things depending on who is looking. Exit confirmed by Divergence 5 and 10 pip chart, stochs OS 5 and 10 pip chart
Exit confirmed by Divergence 5 and 10 pip chart, stochs OS 5 and 10 pip chart
Cut your Losers short and let your Winners run.
