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

  • #101
  • Feb 4, 2016 4:12am Feb 4, 2016 4:12am
Hey guys, I'm in from 9472. Gonna be holding onto this one though, aiming for the 10s.
A pip is only worth it if you know how much you risked to earn it
  • #102
  • Feb 4, 2016 5:16am Feb 4, 2016 5:16am
Quoting max pips
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. {image}
M i missing something using this system?
what are those horizontal lines on the chart?
are they physically drawn or automated, cos i dont get them on my chart
  • #103
  • Feb 4, 2016 5:18am Feb 4, 2016 5:18am
Quoting Billy888
Guru, your method with MAs and skew lines is an other world. My method is about horizontal levels. Here is my +35 pips. {image}
Ok Got it!
so the Horizontal lines are manually drawn - yes!
i mean support and resistance lines?
  • #104
  • Feb 4, 2016 5:26am Feb 4, 2016 5:26am
Quoting fxguru2010
{quote} Ok Got it! so the Horizontal lines are manually drawn - yes! i mean support and resistance lines?
Manual lines. Anyway, Don told me that there will be AUTOMATED levels in the new version. I got this picture: look at this.
  • #105
  • Feb 4, 2016 5:32am Feb 4, 2016 5:32am
Quoting Billy888
{quote} Manual lines. Anyway, Don told me that there will be AUTOMATED levels in the new version. I got this picture: look at this.
Thanks! really appreciate it!
I just lost my charts, as My broker website and MT4 is down! aaafx!
frustrating.......... hope they have not gone bust!
cant trade and now no charts as don's software only works with the account number!
  • #106
  • Feb 4, 2016 5:48am Feb 4, 2016 5:48am
just got suckedinto this long trade!
lost!
dont know where i am going wrong
drawing horizontal lines!

Lost dons chart so using above, as looks like my broker may have gone bust or having technical problems! they are not answering phones!
Attached Image (click to enlarge)
Click to Enlarge Name: 10 dax.JPG Size: 125 KB
  • #107
  • Feb 4, 2016 6:49am Feb 4, 2016 6:49am
Quoting fxguru2010
just got suckedinto this long trade! lost! dont know where i am going wrong drawing horizontal lines! Lost dons chart so using above, as looks like my broker may have gone bust or having technical problems! they are not answering phones! {image}
I did the same trade. Stopped out -20
A pip is only worth it if you know how much you risked to earn it
  • #108
  • Feb 4, 2016 7:06am Feb 4, 2016 7:06am
Current levels ..
Attached Image (click to enlarge)
Click to Enlarge Name: ScalperChart_2016.02.04 15:03:29.png Size: 115 KB
  • #109
  • Feb 4, 2016 7:55am Feb 4, 2016 7:55am
Quoting Billy888
Current levels .. {image}
Thanks! show me your entries, just trying to figure out your system!
are the circles your entries?
  • #110
  • Feb 4, 2016 7:59am Feb 4, 2016 7:59am
banked +50 on this so recouped my earlier losses
still trying to understand the system
Drawing lines are so confusing!!!

look at my lines, am i doing it ok?
Attached Image (click to enlarge)
Click to Enlarge Name: 10 dax.JPG Size: 170 KB
  • #111
  • Feb 4, 2016 8:01am Feb 4, 2016 8:01am
Have a look at the old posts from this and the other thread. The yellow lines show temporary support and resistance and the orchid lines, slightly more long term. The circles show the reasons for the lines being there.
Max
Gravity goes both ways in forex...
  • #112
  • Feb 4, 2016 8:12am Feb 4, 2016 8:12am
Quoting max pips
Have a look at the old posts from this and the other thread. The yellow lines show temporary support and resistance and the orchid lines, slightly more long term. The circles show the reasons for the lines being there. Max
thanks
  • #113
  • Feb 4, 2016 8:15am Feb 4, 2016 8:15am
OIL - missed this trade, was not sure if my lines are correct
it shot up +150 pips after break of the line, i hesitated so missed the trade!
were my lines correctly drawn?
Attached Image (click to enlarge)
Click to Enlarge Name: 10 dax.JPG Size: 92 KB
  • #114
  • Feb 4, 2016 8:23am Feb 4, 2016 8:23am
OIl just taken a long trade
are my lines correct?
Attached Image (click to enlarge)
Click to Enlarge Name: 10 dax.JPG Size: 191 KB
  • #115
  • Feb 4, 2016 8:43am Feb 4, 2016 8:43am
just gone long on wall street
are my lines correct?
hate this charts, slowing things down as my broker is down and dons chart will only work on my broker account
Attached Image (click to enlarge)
Click to Enlarge Name: 10 dax.JPG Size: 123 KB
  • #116
  • Feb 4, 2016 9:22am Feb 4, 2016 9:22am
entered long on wall street
Attached Image (click to enlarge)
Click to Enlarge Name: 10 dax.JPG Size: 135 KB
  • #117
  • Feb 4, 2016 11:33am Feb 4, 2016 11:33am
Did you win FXGuru?
Gravity goes both ways in forex...
  • #118
  • Feb 4, 2016 2:31pm Feb 4, 2016 2:31pm
Quoting max pips
Did you win FXGuru?
ended with +45 pips profit for the day, but had many losing trades then winning, which eat into the profits
else it would have been a good day.
Still having problems with where to draw the horizontal lines, If I can perfect that then this can easily bank +200 pips every day MINIMUM

Plus today has broker problems, mine is aaafx.com so my 10sec software is not working
which delayed my entries

do you have a step by step guide, been reading the earlier posts, but not getting any closer to an iron clad strategy!
I am experimenting with adding EMAs, hopefully will fine tune it as i go along
  • #119
  • Feb 4, 2016 7:48pm Feb 4, 2016 7:48pm
Quoting fxguru2010
{quote} I am experimenting with adding EMAs, hopefully will fine tune it as i go along
Hope this helps - http://www.forexfactory.com/showthre...30#post8731930
Good Trading
  • #120
  • Feb 5, 2016 2:07am Feb 5, 2016 2:07am
Quoting aud
{quote} Hope this helps - http://www.forexfactory.com/showthre...30#post8731930
thanks, god bless
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