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Trading DAX with TMA Slope

  • #41
  • Sep 12, 2016 7:18am Sep 12, 2016 7:18am
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  • #42
  • Sep 12, 2016 7:41am Sep 12, 2016 7:41am
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  • #43
  • Sep 12, 2016 7:52am Sep 12, 2016 7:52am
Maybe this one fails? I did expect a break out. I was watching S&P H1 chart too.
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  • #44
  • Sep 12, 2016 8:01am Sep 12, 2016 8:01am
One position is at least covered...
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  • #45
  • Sep 12, 2016 8:06am Sep 12, 2016 8:06am
Decided to close both positions as too risky and I don't lose. I think this channel mat trade back an forth for some time, So perhaps scalping M1 and watching for a break?
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  • #46
  • Sep 12, 2016 8:16am Sep 12, 2016 8:16am
Quoting hammadshahir
This is my 2nd entry on SP500. SS at previous 5M Support which turned into resistance. {image}
Did you get out before the reversal?
  • #47
  • Sep 12, 2016 8:58am Sep 12, 2016 8:58am
Went Long on the break, SL = BE, M5 and M1 are positive numbers.
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  • #48
  • Sep 13, 2016 1:12am Sep 13, 2016 1:12am
Went Short
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  • #49
  • Sep 13, 2016 1:39am Sep 13, 2016 1:39am
Added a Short
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  • #50
  • Sep 13, 2016 1:51am Sep 13, 2016 1:51am
Quoting derekw
{quote} Did you get out before the reversal?
Yes, I got out. Just survived. I am understanding this system. When resistance lines are not on chart, we don't have to enter trade. I am short on Ger30 again from this morning.
  • #51
  • Sep 13, 2016 1:56am Sep 13, 2016 1:56am
Quoting hammadshahir
{quote} Yes, I got out. Just survived. I am understanding this system. When resistance lines are not on chart, we don't have to enter trade. I am short on Ger30 again from this morning.
Great!
The system works well when news is not affecting, but today GBP news at 10:30 and Draghi speaking at 11:00 (my times), and then it is always nice to have your trades covered by Break Even with your Stop Loss if you are in profit. Better to make a dollar than lose many. Also the Draghi speeches often set the trend for the rest of the day and this can be nice trading.
Good Luck!
  • #52
  • Sep 13, 2016 2:25am Sep 13, 2016 2:25am
Tightened SL's
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  • #53
  • Sep 13, 2016 3:01am Sep 13, 2016 3:01am
Covered both positions as SL = BE
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  • #54
  • Sep 13, 2016 3:24am Sep 13, 2016 3:24am
Using M1 to trail stops as news events are coming up. this way I can protect some profits...
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  • #55
  • Sep 13, 2016 3:31am Sep 13, 2016 3:31am
It seems the GBP news events are in favour for DAX to continue lower.
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  • #56
  • Sep 13, 2016 3:34am Sep 13, 2016 3:34am
In 30mins Draghi speaks and normally talks the DAX up, so I'm tightening SL's again. M1 Chart. Rather take the profits...
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  • #57
  • Sep 13, 2016 3:41am Sep 13, 2016 3:41am
SL's closed and Took Profit (TP)
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  • #58
  • Sep 13, 2016 3:43am Sep 13, 2016 3:43am
Next Support is 10319 (yesterday's low) if we break 10400sh level
  • #59
  • Sep 13, 2016 3:59am Sep 13, 2016 3:59am
Quoting derekw
SL's closed and Took Profit (TP) {image}

Stopped out as well. Just one small entry remaining. Post me when you initiate other position after Draghi speaks.
  • #60
  • Sep 13, 2016 4:13am Sep 13, 2016 4:13am
This looks very interesting Derek, I trade DAX on 5m and 1m and will download the indis and have a proper read through later today.

Thanks for sharing.
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