FDAX Dec 2016 | Page 9 | Forex Factory

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FDAX Dec 2016

  • #161
  • Oct 17, 2016 2:47am Oct 17, 2016 2:47am
great job, brixen
  • #162
  • Oct 17, 2016 3:07am Oct 17, 2016 3:07am
Quoting Brixen
Add another buy order at 423 and at 469

I did not c the price go that low, did u mean 523 and 569
Follow The Markets Structure - Patience and Discipline
  • #163
  • Oct 17, 2016 3:07am Oct 17, 2016 3:07am
Quoting karuner
great job, brixen
Thanks karuner, My levels have worked great this morning.
I call upon my father's spirit , watching over me
  • #164
  • Edited 3:53am Oct 17, 2016 3:11am | Edited 3:53am
Im selling below 543 tgt around 462
Follow The Markets Structure - Patience and Discipline
  • #165
  • Oct 17, 2016 3:23am Oct 17, 2016 3:23am
Quoting pipfarm
{quote} I did not c the price go that low, did u mean 523 and 569

Ic the 423 and 469 were your levels to buy at but price did not hit them, apologies
Follow The Markets Structure - Patience and Discipline
  • #166
  • Oct 17, 2016 3:32am Oct 17, 2016 3:32am
Quoting pipfarm
{quote} Ic the 423 and 469 were your levels to buy at but price did not hit them, apologies
Yes pipfarm.
469 was a strong support friday before big jump and 423 is more or less the DAX CASH INDEX gap to cover.
Now I've deleted all my orders but I'm thinking to buy if price goes down to those levels.
I call upon my father's spirit , watching over me
  • #167
  • Oct 17, 2016 4:05am Oct 17, 2016 4:05am
Quoting Brixen
{quote} Yes pipfarm. 469 was a strong support friday before big jump and 423 is more or less the DAX CASH INDEX gap to cover. Now I've deleted all my orders but I'm thinking to buy if price goes down to those levels.
im not too sure abt that because it could keep going down once it breaks those levels before making a retest but its your decision, stick to your system.


Well done for the pips so far today
Follow The Markets Structure - Patience and Discipline
  • #168
  • Oct 17, 2016 4:11am Oct 17, 2016 4:11am
Quoting pipfarm
{quote} im not too sure abt that because it could keep going down once it breaks those levels before making a retest but its your decision, stick to your system. Well done for the pips so far today
when I get a good result very soon my experience tell me to stop trade for the rest of the day.
so I've deleted all orders for today and saved what I've earned today.
tomorrow is another day
I call upon my father's spirit , watching over me
  • #169
  • Oct 17, 2016 4:23am Oct 17, 2016 4:23am
Quoting Brixen
{quote} when I get a good result very soon my experience tell me to stop trade for the rest of the day. so I've deleted all orders for today and saved what I've earned today. tomorrow is another day

Good idea , my trade is +43 so far so i am going to hold out for the support level, c how it reacts there then decide to close or hold.
Follow The Markets Structure - Patience and Discipline
  • #170
  • Oct 17, 2016 6:07am Oct 17, 2016 6:07am
Quoting pipfarm
{quote} Good idea , my trade is +43 so far so i am going to hold out for the support level, c how it reacts there then decide to close or hold.
Hey pipfarm, what about your short ? Have you closed with a good gain for you? I hope so, because as I have said this morning 530 zone is a sort of pivot right now.
I call upon my father's spirit , watching over me
  • #171
  • Oct 17, 2016 6:22am Oct 17, 2016 6:22am
just closed at b/e, not moving how i hoped.

next one
Follow The Markets Structure - Patience and Discipline
  • #172
  • Oct 17, 2016 6:32am Oct 17, 2016 6:32am
Quoting pipfarm
just closed at b/e, not moving how i hoped. next one
what a shame, you had taken a very good short position with a fantastic time entry.
This is a job where your mind must mantain calm, otherwise you loose control.
I call upon my father's spirit , watching over me
  • #173
  • Oct 17, 2016 6:41am Oct 17, 2016 6:41am
Quoting Brixen
{quote} what a shame, you had taken a very good short position with a fantastic time entry. This is a job where your mind must mantain calm, otherwise you loose control.

Problem is the daily price action is not giving a clear direction which is reflecting through to the 4 hour and hour charts, which is why i closed the trade at b/e rather than take a loss, so it was a clear and calculated decision.
Follow The Markets Structure - Patience and Discipline
  • #174
  • Oct 17, 2016 6:50am Oct 17, 2016 6:50am
Quoting pipfarm
{quote} Problem is the daily price action is not giving a clear direction which is reflecting through to the 4 hour and hour charts, which is why i closed the trade at b/e rather than take a loss, so it was a clear and calculated decision.
Hey pipfarm I will not trade till tomorrow (unless price action become interesting) but I see the situation in this way:

530/525 zone now is new support zone:
below straight to 500/470;
above goes to 575.

DAX Cash index gap to cover around 425 for FDAX.
I call upon my father's spirit , watching over me
  • #175
  • Oct 17, 2016 7:02am Oct 17, 2016 7:02am
Quoting Brixen
{quote} Hey pipfarm I will not trade till tomorrow (unless price action become interesting) but I see the situation in this way: 530/525 zone now is new support zone: below straight to 500/470; above goes to 575. DAX Cash index gap to cover around 425 for FDAX.

That is good to have a plan but i really can not see the relationship of your levels to price action but hey if it works for you keep doing it.
Follow The Markets Structure - Patience and Discipline
  • #176
  • Oct 18, 2016 12:50am Oct 18, 2016 12:50am
Narrow range yesterday and gap to cover at 420/430 zone.
So today I expect an explosion or the same daytrade.

Above 549 strong uptrend and retest of friday high 600/610 zone.
Below 500 at least 470 and then 420/430.
I call upon my father's spirit , watching over me
  • #177
  • Edited 3:30am Oct 18, 2016 2:06am | Edited 3:30am
Hi Brixen,

all set ups cancelled for me so far, waiting for a new trend on the smaller t/fs
Follow The Markets Structure - Patience and Discipline
  • #178
  • Oct 18, 2016 3:45am Oct 18, 2016 3:45am
Quoting Brixen
Narrow range yesterday and gap to cover at 420/430 zone. So today I expect an explosion or the same daytrade. Above 549 strong uptrend and retest of friday high 600/610 zone. Below 500 at least 470 and then 420/430.
This morning I had not time to follow the market and I haven't placed orders following my strategy : what a shame, at least 50 pips!!!!!!Now the situation is more difficult to trade.
I call upon my father's spirit , watching over me
  • #179
  • Oct 18, 2016 4:06am Oct 18, 2016 4:06am
Quoting Brixen
{quote} This morning I had not time to follow the market and I haven't placed orders following my strategy : what a shame, at least 50 pips!!!!!!Now the situation is more difficult to trade.

That is a shame, i got nothing so far but i think we are going to see a bit more sideways action then a break up to new highs, the daily swing is corrective, but soon to start trending up 683 looks like the break out point.

Will switch back to the lower time frames for now.

good luck
Follow The Markets Structure - Patience and Discipline
  • #180
  • Edited 5:18am Oct 18, 2016 4:14am | Edited 5:18am
Should be filling the gap soon so if a new down trend starts on 1m or 5m i will be shorting.


599 first short down to 575

cancel that too
Follow The Markets Structure - Patience and Discipline
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