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Simple trading: levels and price action (mainly on DAX)

  • #81
  • Jan 28, 2016 4:32am Jan 28, 2016 4:32am
Quoting Billy888
{quote} I have a bad news for you: experience, screen time. Too bad, there are no absolute exact criteria which work always at the same way. This is the reason why can not be this method automatized. In this picture you can see the M1 situation. There was a huge upward movement (~240 pips). When I opened the buy, was very careful, because: 1. there used to be correction after such a great movement. 2. there was a lower low (12 sec picture) before I entered So I expected that price may turn downward. And it did. When the price went lower than...
I have been looking at DAX for a while and i have learnt that correction might never come haha lost a lot that way... Anyway, great answer. I now see that it was a nice retracement for that leg. I didnt look at the bigger picture, just analysing that chart .

Can you take a look a this one. What did i do right and what did i do wrong (except not closing the failed Long).
It is 4 entries in this order. short, long, short , short.
Many thanks /W
Attached Image (click to enlarge)
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  • #82
  • Jan 29, 2016 11:48am Jan 29, 2016 11:48am
Where are you Billy, we are waiting to see your charts!
Gravity goes both ways in forex...
  • #83
  • Jan 31, 2016 1:03pm Jan 31, 2016 1:03pm
Hi mates, sorry, in these days I wasn't at my computer at all. See ya next week!
  • #84
  • Feb 1, 2016 2:14am Feb 1, 2016 2:14am
Round no at work second entry is very early entry I should have entered more near to RN.
+30
Attached Image (click to enlarge)
Click to Enlarge Name: GER30M1 1.2.16.png Size: 56 KB
  • #85
  • Feb 1, 2016 2:33am Feb 1, 2016 2:33am
Morning all

Missed the first bounce of yesterdays high, then next two trades today were winners. Unfortunately the third trade, (not shown) was the break through the 9778 which failed.
Attached Image (click to enlarge)
Click to Enlarge Name: DonForex_ScalperChart_20160201_101622.png Size: 40 KB
Gravity goes both ways in forex...
  • #86
  • Feb 1, 2016 4:28am Feb 1, 2016 4:28am
Guys, you are great! I wanna see many beautiful trades such like these!
Also, hope I can do my trades soon.
  • #87
  • Feb 1, 2016 6:48am Feb 1, 2016 6:48am
Had a good level trade, while i was eating downstairs '50pips
Attached Image (click to enlarge)
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"If it wasn't hard everyone would do it. Its the hard that makes it great."
  • #88
  • Feb 1, 2016 10:47am Feb 1, 2016 10:47am
Quoting M0ndm4nn18
Had a good level trade, while i was eating downstairs '50pips {image}
Mon, all the 3 trades are great! (Yes, even the first! >> minimal loss)
  • #89
  • Feb 1, 2016 10:57am Feb 1, 2016 10:57am
Quoting Billy888
{quote} Mon, all the 3 trades are great! (Yes, even the first! >> minimal loss)
Thanks Billy, one of these trades per day and i would be happy
"If it wasn't hard everyone would do it. Its the hard that makes it great."
  • #90
  • Feb 2, 2016 7:27am Feb 2, 2016 7:27am
24 pips, it was a long way for such small pips
dax is on his way to 9610 i think, and if it will break this level, maybe 9540, but i hope it will raise soon, because i love the old levels in the 10000 area
Attached Image (click to enlarge)
Click to Enlarge Name: 99e51e12ad51d6f3eea15fe084a0ba05.png Size: 67 KB
"If it wasn't hard everyone would do it. Its the hard that makes it great."
  • #91
  • Feb 2, 2016 9:11am Feb 2, 2016 9:11am
+10 and +5 missed break of RN 9600 and rebound trade.
Attached Image (click to enlarge)
Click to Enlarge Name: GER30M1 2.2.16.png Size: 52 KB
  • #92
  • Feb 2, 2016 11:21am Feb 2, 2016 11:21am
Quoting M0ndm4nn18
24 pips, it was a long way for such small pips dax is on his way to 9610 i think, and if it will break this level, maybe 9540, but i hope it will raise soon, because i love the old levels in the 10000 area {image}
what do you say now billy? 9540 got hit today, jesus
"If it wasn't hard everyone would do it. Its the hard that makes it great."
  • #93
  • Feb 3, 2016 3:10pm Feb 3, 2016 3:10pm
Quoting Billy888
{quote} Mon, all the 3 trades are great! (Yes, even the first! >> minimal loss)
Hello Billy - thanks for sharing our trades and charts
but cant seem to figure out what exactly is it that you are looking on the 12 second chart
i have bought the donforex software, at the moment playing around with it.
only problem i have with it is as soon as i change the currency pair then it starts buffering and starts the chart afresh with no historical data

anyways would love to see a step by step guide on what are you looking for to enter a trade

thanks
  • #94
  • Feb 3, 2016 4:26pm Feb 3, 2016 4:26pm
Mon & jeetvirk: professional trades!
Guru: if you study my earlier posts, there can be seen my method quite well. Maybe later I make a guide. In MT4 there is no tick-data, so have to wait a little for buffering.
You should open more instruments' ScalperChart.
  • #95
  • Feb 4, 2016 2:33am Feb 4, 2016 2:33am
Billy, now that you are in the commercial section, we are expecting you to do a better job as our professional mentor



Have you reached 20k yet? Where are all the charts ?
Enjoy whatever it is that you are doing

Max
Gravity goes both ways in forex...
  • #96
  • Feb 4, 2016 3:01am Feb 4, 2016 3:01am
Quoting Billy888
Mon & jeetvirk: professional trades! Guru: if you study my earlier posts, there can be seen my method quite well. Maybe later I make a guide. In MT4 there is no tick-data, so have to wait a little for buffering. You should open more instruments' ScalperChart.
Thanks will study earlier posts
it would be great if you were to make a guide, that would help

earlier i was using the etx charts but placing trades on another platform which often slowed the entry

currently i simply use the 10sec charts with 2 EMAS, and last month or so it has been fantastic, very good trades
and works brilliant when trend is strong ................ but often can end up taking silly entries on a sideways and lots of wipsaws

so looking forward you doing a guide
  • #97
  • Feb 4, 2016 3:08am Feb 4, 2016 3:08am
Attached Image (click to enlarge)
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  • #98
  • Feb 4, 2016 3:44am Feb 4, 2016 3:44am
Got sucked into this trade!
short
how could i have avoided it?
Attached Image (click to enlarge)
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  • #99
  • Feb 4, 2016 3:53am Feb 4, 2016 3:53am
Quoting max pips
Billy, now that you are in the commercial section, we are expecting you to do a better job as our professional mentor Have you reached 20k yet? Where are all the charts ? Enjoy whatever it is that you are doing Max
LOL, "commercialism" was FF decision, not mine. Maybe I will ask some bucks for my mentoring ..
Guys, unfortunately in these days my computer-time is pretty small, other things came up. But, I made a trade see below.
  • #100
  • Feb 4, 2016 3:55am Feb 4, 2016 3:55am
Guru, your method with MAs and skew lines is an other world. My method is about horizontal levels.
Here is my +35 pips.
Attached Image (click to enlarge)
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