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

  • #141
  • Feb 11, 2016 11:07am Feb 11, 2016 11:07am
Quoting M0ndm4nn18
I have the new version too, but woke up today late i'm lazy at the moment, i will try it tomorrow! But looks good so far Billy.
Hi Mon, yes, looks good. Maybe I will change my manual levels to auto-levels! LOL, I dunno yet ..
  • #142
  • Feb 11, 2016 11:17am Feb 11, 2016 11:17am
Quoting Billy888
{quote} Hi Mon, yes, looks good. Maybe I will change my manual levels to auto-levels! LOL, I dunno yet ..
Why not? they look amazing my problem is just: i don't know what trades, i should take and how many, i think a profit target for the day should be good, but when i trade a breakout, it's a rebound and vice versa...
"If it wasn't hard everyone would do it. Its the hard that makes it great."
  • #143
  • Feb 11, 2016 11:25am Feb 11, 2016 11:25am
Quoting M0ndm4nn18
{quote} Why not? they look amazing my problem is just: i don't know what trades, i should take and how many, i think a profit target for the day should be good, but when i trade a breakout, it's a rebound and vice versa...
You should make a plan in advance based on the levels. Where the stop level is, where the profit target is. Thus, you know exactly IN TIME when the baby is your friend or not, and are able to do your action.
  • #144
  • Feb 11, 2016 11:27am Feb 11, 2016 11:27am
Quoting Billy888
{quote} You should make a plan in advance based on the levels. Where the stop level is, where the profit target is. Thus, you know exactly IN TIME when the baby is your friend or not, and are able to do your action.
Sounds good Billy! I will try to get a plan
"If it wasn't hard everyone would do it. Its the hard that makes it great."
  • #145
  • Feb 11, 2016 1:31pm Feb 11, 2016 1:31pm
And the ZERO TRADE (-20 and +20). Really clumsy.
Attached Image (click to enlarge)
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  • #146
  • Feb 11, 2016 2:30pm Feb 11, 2016 2:30pm
(Today I was really undisciplined, so please don't see my trades. It is in nice profit, but I broke my rules. It is mistake. I undertook an undue risk. I did not use to do such things.)

So, my question: what do you think about Murrey Math lines? This picture is quite interesting. Maybe a good additional tool for level confirmation?
Attached Image (click to enlarge)
Click to Enlarge Name: DonForex_ScalperChart_20160211_222008.png Size: 132 KB
  • #147
  • Feb 12, 2016 4:41am Feb 12, 2016 4:41am
It was just a little playing on demo, I am trying some "new" things. +62 pips.
(Like this kind of trades: was not in minus at all.)
Attached Image (click to enlarge)
Click to Enlarge Name: DonForex_ScalperChart_20160212_123750.png Size: 115 KB
  • #148
  • Feb 12, 2016 5:53am Feb 12, 2016 5:53am
A newer +50 pips (I combined the auto-levels and Murrey Math-levels.)
Attached Image (click to enlarge)
Click to Enlarge Name: DonForex_ScalperChart_20160212_135046.png Size: 112 KB
  • #149
  • Feb 12, 2016 7:13am Feb 12, 2016 7:13am
A newer +75 pips using auto-level and MMath combo. Profit was miscalculated.
Attached Image (click to enlarge)
Click to Enlarge Name: DonForex_ScalperChart_20160212_150513.png Size: 151 KB
  • #150
  • Feb 12, 2016 8:28am Feb 12, 2016 8:28am
Daily high + support/resistance level + Murrey Math level together. Let's see ..
Attached Image (click to enlarge)
Click to Enlarge Name: DonForex_ScalperChart_20160212_162530.png Size: 121 KB
  • #151
  • Feb 12, 2016 8:58am Feb 12, 2016 8:58am
Was in +23, but closed at zero.
  • #152
  • Feb 12, 2016 11:56am Feb 12, 2016 11:56am
Lazy Friday for DAX, daily range/ADR is 60%.
  • #153
  • Feb 12, 2016 4:30pm Feb 12, 2016 4:30pm
Are you using the MACD Billy? And the fractals?
MAx
Gravity goes both ways in forex...
  • #154
  • Feb 13, 2016 4:13am Feb 13, 2016 4:13am
Quoting max pips
Are you using the MACD Billy? And the fractals? MAx
I'm planning to try them out in the next week. I'm curious if am able to avoid the false movements with the help of these.
I want a more exact (less subjective) entry and close criteria than now. I see a great potential in it.
  • #155
  • Feb 16, 2016 6:14am Feb 16, 2016 6:14am
Automated levels today on DAX.
Attached Image (click to enlarge)
Click to Enlarge Name: DonForex_ScalperChart_20160216_141038.png Size: 114 KB
  • #156
  • Feb 16, 2016 6:24am Feb 16, 2016 6:24am
Quick +27 pips between auto-levels.
Attached Image (click to enlarge)
Click to Enlarge Name: DonForex_ScalperChart_20160216_142302.png Size: 102 KB
  • #157
  • Feb 16, 2016 6:32am Feb 16, 2016 6:32am
Why the bounce not the break on that last one?
Gravity goes both ways in forex...
  • #158
  • Feb 16, 2016 6:36am Feb 16, 2016 6:36am
Quoting max pips
Why the bounce not the break on that last one?
Massive downtrend is today. I did not expect a break out yet.
  • #159
  • Feb 16, 2016 6:36am Feb 16, 2016 6:36am
A newer +27 pips.
Attached Image (click to enlarge)
Click to Enlarge Name: DonForex_ScalperChart_20160216_143443.png Size: 100 KB
  • #160
  • Feb 16, 2016 8:22am Feb 16, 2016 8:22am
A newer +144 pips (from the range upward).
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