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

  • #401
  • May 2, 2016 6:24am May 2, 2016 6:24am
Quoting smilie
Thanks, Billy888 now I understand why your inputs seemed "premature" to me. How do you think the behavior of the DAX in this respect ( levels ) is more predictable than EURUSD for example?
It has to work on all instrument, but I think DAX is the most predictable ..
  • #402
  • May 2, 2016 6:25am May 2, 2016 6:25am
+78 pips (84-6) between MM-levels, description on the picture ..
Attached Image (click to enlarge)
Click to Enlarge Name: ScalperChart for MT4_20160502_141520.png Size: 154 KB
  • #403
  • May 2, 2016 6:43am May 2, 2016 6:43am
Quoting Billy888
+78 pips (84-6) between MM-levels, description on the picture .. {image}

Nice work Billy
  • #404
  • May 2, 2016 6:45am May 2, 2016 6:45am
Quoting Billy888
{quote} It has to work on all instrument, but I think DAX is the most predictable ..
I agree with you on this too. DAX is excellent at respecting levels. Also it is more exciting than EU and not so jumpy as GU. And has a v small spread (for me 1 point).
  • #405
  • May 2, 2016 8:37am May 2, 2016 8:37am
Billy888, are you trade all day or only at a certain time?
  • #406
  • May 2, 2016 9:00am May 2, 2016 9:00am
Quoting smilie
Billy888, are you trade all day or only at a certain time?
Usually I can trade almost all day, but am not at the screen too much.
  • #407
  • May 3, 2016 2:39am May 3, 2016 2:39am
Not sure it will be a MM day today. Too small a range yesterday.....
Max
Gravity goes both ways in forex...
  • #408
  • May 3, 2016 3:02am May 3, 2016 3:02am
Quoting max pips
Not sure it will be a MM day today. Too small a range yesterday..... Max
Hey Max, agreed. MM-range is only around 15 pips, and the price is in the extreme oversold area (over the -4/8). We'll see.
  • #409
  • Edited 6:12am May 3, 2016 6:01am | Edited 6:12am
+55 pips between auto-levels. My original TP was at 9905 (based on H1 from 04.18 - being without any intraday level), but it seemed to me that no more power for diving, so closed them.
Attached Image (click to enlarge)
Click to Enlarge Name: ScalperChart for MT4_20160503_135738.png Size: 129 KB
  • #410
  • May 3, 2016 7:16am May 3, 2016 7:16am
Price trapped in a 30+ pips range. Auto-levels.
(So far it seems my bias was right, no more dive. Also, ADR is 122%, one more reason for no diving.)
Attached Image (click to enlarge)
Click to Enlarge Name: ScalperChart for MT4_20160503_151131.png Size: 124 KB
  • #411
  • May 4, 2016 5:04am May 4, 2016 5:04am
+94 pips (106-12) at MM-levels, see the picture ..
Attached Image (click to enlarge)
Click to Enlarge Name: ScalperChart for MT4_20160504_125409.png Size: 164 KB
  • #412
  • May 4, 2016 5:10am May 4, 2016 5:10am
The same with Auto-levels. Beautiful.
Attached Image (click to enlarge)
Click to Enlarge Name: ScalperChart for MT4_20160504_130706.png Size: 130 KB
  • #413
  • May 4, 2016 6:00am May 4, 2016 6:00am
Yes, beautiful ..
Attached Image (click to enlarge)
Click to Enlarge Name: ScalperChart for MT4_20160504_135807.png Size: 122 KB
  • #414
  • May 4, 2016 6:26am May 4, 2016 6:26am
Quoting Billy888
The same with Auto-levels. Beautiful. {image}
Very nice Billy. Can I check my settings on the S/R indi match yours please - 50, 25 and 7? I ran the S/R levels yesterday but got a lot of them, all over the chart and wanted to be sure I am looking at the same as you.

Thanks.
  • #415
  • Edited 7:19am May 4, 2016 6:31am | Edited 7:19am
Quoting IndexScalper
{quote} Very nice Billy. Can I check my settings on the S/R indi match yours please - 50, 25 and 7? I ran the S/R levels yesterday but got a lot of them, all over the chart and wanted to be sure I am looking at the same as you. Thanks.
Yes, I use the defaults (50,25,7).
I used to restart the ScalperChart on every day, so these levels are given only for that day.
If there are no intraday levels (extremely strong, fast movement), then I used to see significant peaks from M30/H1.
  • #416
  • May 4, 2016 7:14am May 4, 2016 7:14am
+19 pips from auto-level .. (+ I had some connection issue)
Attached Image (click to enlarge)
Click to Enlarge Name: ScalperChart for MT4_20160504_151149.png Size: 128 KB
  • #417
  • May 4, 2016 7:53am May 4, 2016 7:53am
MM-levels ..
Attached Image (click to enlarge)
Click to Enlarge Name: ScalperChart for MT4_20160504_155126.png Size: 119 KB
  • #418
  • May 4, 2016 9:11am May 4, 2016 9:11am
Quoting Billy888
{quote} Yes, I use the defaults (50,25,7). I used to restart the ScalperChart on every day, so these levels are given only for that day. If there are no intraday levels (extremely strong, fast movement), then I used to see significant peaks from M30/H1.
Thanks Billy.

I never used Heien Ashi Tick candles before, I am looking at them this afternoon - they seem to give a much clearer view of trend than 12 second normal bar, but I can't work out why!
  • #419
  • May 4, 2016 9:16am May 4, 2016 9:16am
A newer +91 pips.
My stop level was at -3/8 MM-level (but I was pretty sure it won't be touched. ADR is only 78%, I did not feel the power for diving).
Today summary is +205 pips.
Attached Image (click to enlarge)
Click to Enlarge Name: ScalperChart for MT4_20160504_170249.png Size: 158 KB
  • #420
  • May 4, 2016 9:22am May 4, 2016 9:22am
MM-levels today (used to be nicer, but not bad)
Attached Image (click to enlarge)
Click to Enlarge Name: ScalperChart for MT4_20160504_171737.png Size: 123 KB
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