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Trading DAX with TMA Slope

  • #101
  • Sep 14, 2016 1:24am Sep 14, 2016 1:24am
May be an other opportunity to SHORT DAX is on the way on UK data?
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  • #102
  • Sep 14, 2016 1:45am Sep 14, 2016 1:45am
Stopped for a few $s on BE
  • #103
  • Sep 14, 2016 1:48am Sep 14, 2016 1:48am
Quoting hammadshahir
May be an other opportunity to SHORT DAX is on the way on UK data? {image}
Got busy, but I see the data was mixed. I think perhaps today will be ranged until Oil at my time 16h30. I think I'll just try scalping opportunities until then?
  • #104
  • Sep 14, 2016 1:49am Sep 14, 2016 1:49am
M1 Chart - Short
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  • #105
  • Sep 14, 2016 1:50am Sep 14, 2016 1:50am
Quoting derekw
{quote} Got busy, but I see the data was mixed. I think perhaps today will be ranged until Oil at my time 16h30. I think I'll just try scalping opportunities until then?
You're correct. However, I have initiated small SHORT on this level.
  • #106
  • Sep 14, 2016 2:15am Sep 14, 2016 2:15am
TP on the drop on the drop. Wasn't quick enough to buy the bounce though.
  • #107
  • Sep 14, 2016 2:16am Sep 14, 2016 2:16am
Quoting derekw
TP on the drop on the drop. Wasn't quick enough to buy the bounce though.

Our range so far. Two Nice SHORTS for me this morning.
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  • #108
  • Sep 14, 2016 2:18am Sep 14, 2016 2:18am
Quoting hammadshahir
{quote} You're correct. However, I have initiated small SHORT on this level.
Looks like you nailed it then Hammad! We are so ranged right now I think I'll watch for perfect set ups and just grab bits out as I can on M1. My target for today is about $85 to add 10% to my account. I have about $20 so far, but if I'm not very cautious that can be gone!
  • #109
  • Sep 14, 2016 2:27am Sep 14, 2016 2:27am
Quoting derekw
{quote} Looks like you nailed it then Hammad! We are so ranged right now I think I'll watch for perfect set ups and just grab bits out as I can on M1. My target for today is about $85 to add 10% to my account. I have about $20 so far, but if I'm not very cautious that can be gone!
Thanks to your system. But no, didn't really nailed it. Just scalping with small positions.
  • #110
  • Sep 14, 2016 2:30am Sep 14, 2016 2:30am
Hammad, are you finding that the TMA Slope is helping you? I ask this because this thread was to test that, but I'm finding that I'm using it only to confirm what is happening but not actually making trade decision from it?
  • #111
  • Sep 14, 2016 3:03am Sep 14, 2016 3:03am
Quoting derekw
Hammad, are you finding that the TMA Slope is helping you? I ask this because this thread was to test that, but I'm finding that I'm using it only to confirm what is happening but not actually making trade decision from it?
TMS slop just gives you a bit edge. Although, you can see, it's totally range bound. But 1M chart helps to close position or set trailing SL. I just SHORT @ 10424sh level.
  • #112
  • Sep 14, 2016 3:18am Sep 14, 2016 3:18am
Quoting hammadshahir
{quote} TMS slop just gives you a bit edge. Although, you can see, it's totally range bound. But 1M chart helps to close position or set trailing SL. I just SHORT @ 10424sh level.
Thanks Hammad. I was thinking that if we work of price action better then we would look for the white block or purple dot of the Chaos S/R indi to start forming and then when we get the down arrow of the BuySellMagic indi this is the best Sell point. The BuySell indi in conjunction with Chaos is as about pure price action entries as we can get. What do you think?
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  • #113
  • Sep 14, 2016 3:20am Sep 14, 2016 3:20am
Then I'm finding that the Level StopReverse indi is giving us the better Trailing Stop. I'm thinking of getting rid of the TMA slope and starting a new thread....
  • #114
  • Sep 14, 2016 3:23am Sep 14, 2016 3:23am
I guess today with such a tight range I'll observe the TMA closer though.
  • #115
  • Sep 14, 2016 3:25am Sep 14, 2016 3:25am
Oh by the way another confidence booster is when price goes below the 50MA. Here is the indi I use.
Attached File(s)
File Type: ex4 NonLagMA_v7.1.ex4   19 KB | 669 downloads
  • #116
  • Sep 14, 2016 3:27am Sep 14, 2016 3:27am
Quoting derekw
{quote} Thanks Hammad. I was thinking that if we work of price action better then we would look for the white block or purple dot of the Chaos S/R indi to start forming and then when we get the down arrow of the BuySellMagic indi this is the best Sell point. The BuySell indi in conjunction with Chaos is as about pure price action entries as we can get. What do you think? {image}

Idea is great but if you observed, Chaos S/R indi gives late signal. I am using EMA9 & EMA26 to confirm the setup. In this range, believe me I can't suggest you what is working and what's not.
  • #117
  • Sep 14, 2016 3:34am Sep 14, 2016 3:34am
Quoting hammadshahir
{quote} Idea is great but if you observed, Chaos S/R indi gives late signal. I am using EMA9 & EMA26 to confirm the setup. In this range, believe me I can't suggest you what is working and what's not.
  • #118
  • Sep 14, 2016 3:59am Sep 14, 2016 3:59am
Chaos consolidation, Sell Arrow, below 50MA....
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  • #119
  • Sep 14, 2016 4:00am Sep 14, 2016 4:00am
SL = BE
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  • #120
  • Sep 14, 2016 4:04am Sep 14, 2016 4:04am
Stopped out for $0.27.

But I guess the point is that the entry worked, even though price is so tightly bound. I note though that I could also have opened this trade on TMA going negative for a very similar result. It actually would probably have been safer to wait for TMA.
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