JP, I thought DAX was very short on Weekly and Monthly, what do you think..
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Alien's Extraterrestrial Visual Systems
{quote} A divergence could show on the 2nd top, but the main reason is to bring the 100,10 sto higher on the M15, so the H1 DS spreads even higher so the return can be more profitable, sometimes i short the first top when there is a good distance between the resting point, but most of the times i do this when i don't have any positions on the pair.
- #14,564
- Edited 10:05am Jan 8, 2016 9:54am | Edited 10:05am
- | Joined Oct 2014 | Status: Trader | 277 Posts
{quote} Yes, you nailed it, the tricky part is to identify if is a top or a reversal, on the GU right now, there is a H4 ADX retracement, but we already can see blue (or buy) histogram bar showing during the retracement, and this is already a warning for me that this is not a short term. Droping down to H1, we can see the DS separating, but on the m15 which is the TF that i would be catching the tops, the 21,10 sto crossed 80 and the 100,10,10 followed aligned very fast, you can also go deeper and look on the m5 and see all the stos and rsi over...
- #14,565
- Jan 8, 2016 10:09am Jan 8, 2016 10:09am
- Joined Jul 2013 | Status: Trader | 2,603 Posts
JP, I thought DAX was very short on Weekly and Monthly, what do you think.. {image}
if you want to trade the Dax you have to be prepared for the rollecoaster. As you can see from daily and weekly range of your indi it can move over 1000 pips a week.
I use to trade Dax on a daily basis with the lowest TF but, as for your charts, after five waves up the Index is now in the correction phase of ABC. After that completion I think it will resume its way up.
From an Alien point i think that if also green Stoch. goes under the 50 on Weekly it'll go further down. Cheers
Per aspera ad astra
{quote} Thanks,i will have a look at that.
google gives vps free two months trial to u , as well as some brokers offers free vps if u have fulfill there minimum deposit ... if i was remembered clearly exness ,roboforex brokers give this without monthly lot target ... i think u can get free vps funding 300$ to them , android app also there to login vps ... once u arrange these things u will feel u are front in home pc
- #14,568
- Jan 8, 2016 11:40am Jan 8, 2016 11:40am
- Joined Dec 2011 | Status: Part-time Trader | 1,519 Posts
{quote} google gives vps free two months trial to u , as well as some brokers offers free vps if u have fulfill there minimum deposit ... if i was remembered clearly exness ,roboforex brokers give this without monthly lot target ... i think u can get free vps funding 300$ to them , android app also there to login vps ... once u arrange these things u will feel u are front in home pc
Work smarter,not harder
- #14,578
- Edited Jan 11, 2016 3:44pm Jan 10, 2016 4:56pm | Edited Jan 11, 2016 3:44pm
- Joined Dec 2011 | Status: Part-time Trader | 1,519 Posts
Opened an account for google vps on trial mode for 2 months.
Took 2 hours to set and configure the server and the terminal mt4 with all the indis,template and profiles.
Now i'm happy,can trade like i was at home.
Took 2 hours to set and configure the server and the terminal mt4 with all the indis,template and profiles.
Now i'm happy,can trade like i was at home.
Work smarter,not harder
- #14,579
- Jan 10, 2016 6:29pm Jan 10, 2016 6:29pm
The ADX 89 still had power at the time when you shorted.
May I ask how you determined that H1 Gold had reached the top at 3:00 Jan 8 2016?
Why did you filter out the top at 8:00 Jan 7 2016?
Thank you.
May I ask how you determined that H1 Gold had reached the top at 3:00 Jan 8 2016?
Why did you filter out the top at 8:00 Jan 7 2016?
Thank you.
Today's trade short on Gold. On H1 yesterday Gold formed a top. As for my style this morning I shorted it when Sto. 8,3,3 turned down breaking the 80 line. Result Tp hit @1098 = + 100 pips. I'll try also Thiago's way when I mastered it.
i told u that macro...
