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Trading DAX with TMA Slope

  • #81
  • Sep 13, 2016 8:35am Sep 13, 2016 8:35am
Quoting derekw
Moved SL = BE, usually as US markets open, this time of Day, the Dax will go up. {image}
Finally, it's moving. Or may be Not.
  • #82
  • Sep 13, 2016 9:11am Sep 13, 2016 9:11am
Quoting hammadshahir
{quote} Finally, it's moving. Or may be Not.
Painful today. I caught that spike down though. But hard work for little cash...
  • #83
  • Sep 13, 2016 10:26am Sep 13, 2016 10:26am
Here are today's results. Lots of hard work for a total of $126.44
Think I covered trades too quickly today...
At least now with a bit more cash in the account I move to trading Lots of 8.00, so let's see. Hopefully the work is becoming more profitable now.
Attached Image (click to enlarge)
Click to Enlarge Name: DAX.PNG Size: 57 KB
  • #84
  • Sep 13, 2016 11:01am Sep 13, 2016 11:01am
Hello Darekw, please is this only for lower time frame as 5min? do you have template or settings for 1H?
  • #85
  • Sep 13, 2016 1:09pm Sep 13, 2016 1:09pm
Quoting Lanzo
Hello Darekw, please is this only for lower time frame as 5min? do you have template or settings for 1H?
Hi Lanzo.
Not for DAX, but I trade a lot of other products on high TFs, like Gold especially. I cannot share these here as this is my experiment in the quick money out of a volatile indice such as DAX.
  • #86
  • Sep 13, 2016 1:14pm Sep 13, 2016 1:14pm
On this H4 line chart of DAX you can see my concern. The Red line is a very clear Support area. See how I have highlighted the attacks at it with purple circles? But look up to the Resistance side. It's all over the place - I have marked some of those areas by putting yellow dashed lines as S/R spots, but they don't meld. This is typically what I see when an area is being broken. It get's attacked until it breaks. I think DAX is going down...
Attached Image (click to enlarge)
Click to Enlarge Name: DAX.PNG Size: 36 KB
  • #87
  • Sep 13, 2016 1:20pm Sep 13, 2016 1:20pm
Quoting derekw
On this H4 line chart of DAX you can see my concern. The Red line is a very clear Support area. See how I have highlighted the attacks at it with purple circles? But look up to the Resistance side. It's all over the place - I have marked some of those areas by putting yellow dashed lines as S/R spots, but they don't meld. This is typically what I see when an area is being broken. It get's attacked until it breaks. I think DAX is going down... {image}

We will fight tomorrow. I have closed all positions. And yes, you're right. DAX and S&P might be bearish till US interest rake hike/maintain/cut Sept 21.

But a lot of GBP data and EUR data in between as well.
  • #88
  • Sep 13, 2016 1:32pm Sep 13, 2016 1:32pm
Attached Image (click to enlarge)
Click to Enlarge Name: DAX.PNG Size: 48 KB
  • #89
  • Sep 13, 2016 1:36pm Sep 13, 2016 1:36pm
Absolutely right!. I just like to start with an understanding of the best possible direction. And of course, I may be totally wrong. You are right though. If we can refine our battle tools to play each day out with the best result that is what makes us winners. We take off the markets each day. Just like to have an idea of where the current pulls.
I appreciate your input and hear it. Your support is valuable. THANKS!
  • #90
  • Sep 13, 2016 1:52pm Sep 13, 2016 1:52pm
I'm out today, but my target for tomorrow will be to better 10% again. So my account is $848, I need to make say $84 to add 10% which will end me at $930ish. i think I can keep this up. Let's try
  • #91
  • Sep 13, 2016 2:07pm Sep 13, 2016 2:07pm
Tight guys. I have more thinking over the next few days to makes us even more profitable.
  • #92
  • Sep 13, 2016 2:22pm Sep 13, 2016 2:22pm
Quoting derekw
Tight guys. I have more thinking over the next few days to makes us even more profitable.
@derekw, DAX Weekly Chart. It has always been predictable. Lol.
Attached Image (click to enlarge)
Click to Enlarge Name: DAX.png Size: 29 KB
  • #93
  • Sep 13, 2016 2:37pm Sep 13, 2016 2:37pm
Quoting hammadshahir
{quote} @derekw, DAX Weekly Chart. It has always been predictable. Lol. {image}
Shiit! Let's watch. We both see long term down? So not DAX. Think you are right though.
  • #94
  • Sep 13, 2016 2:39pm Sep 13, 2016 2:39pm
Wow Hammad. Interesting chart man. Going to keep that one in mind . thanks for sharing. Sleeping now!!! Me
  • #95
  • Sep 14, 2016 1:42am Sep 14, 2016 1:42am
H4 View this morning. When we are far off the 200MA price tends to revert?
Attached Image (click to enlarge)
Click to Enlarge Name: DAX.PNG Size: 37 KB
  • #96
  • Edited 2:06am Sep 14, 2016 1:48am | Edited 2:06am
I will publish my results daily, because when I go and look at my trade explorer of FF, for some reason it is totally wrong. For example it reported that I made $69 yesterday when in fact I made $126

I'm not saying this to improve my performance, its just what I notice. Like it says that over "forever" I lost $8000 about. That is TOTALLY wrong! I have lost much more!!!

Half of what I have lost has been "school fees" and the other half by common trader's error called "over-confidence" which happens when you think you own the market and don't follow your system.
  • #97
  • Sep 14, 2016 2:05am Sep 14, 2016 2:05am
Went Short
Attached Image (click to enlarge)
Click to Enlarge Name: DAX.PNG Size: 42 KB
  • #98
  • Sep 14, 2016 2:19am Sep 14, 2016 2:19am
I doubled up. Where my SL's are that puts about 8% of my account at risk. I try to never go larger than 10%.
Attached Image (click to enlarge)
Click to Enlarge Name: DAX.PNG Size: 44 KB
  • #99
  • Sep 14, 2016 2:59am Sep 14, 2016 2:59am
I covered the trades as MA is below my positions and it looks like Support may set in.
Attached Image (click to enlarge)
Click to Enlarge Name: DAX.PNG Size: 46 KB
  • #100
  • Sep 14, 2016 3:09am Sep 14, 2016 3:09am
Attached Image (click to enlarge)
Click to Enlarge Name: DAX.PNG Size: 50 KB
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