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FDAX Dec 2016

  • #441
  • Nov 1, 2016 11:53am Nov 1, 2016 11:53am
Quoting pipfarm
{quote} Trade activated, quite a good move down, lets see how far this goes, already +30 will let it run

Just closed my trade at 506 +125 profit for the day

happy days
Follow The Markets Structure - Patience and Discipline
  • #442
  • Nov 1, 2016 12:57pm Nov 1, 2016 12:57pm
Quoting pipfarm
{quote} Good luck too.. In case any one is interested my analysis is as follows , the current daily swing is corrective, why you may ask, because it is going in the opposite direction to the weekly swing. Corrective swings usually make an ABC move , looking closer at the swing using the 4 hr chart we have A and B complete and going down to the hourly chart swing C is just starting to form with the break of the 634.5 area confirming this i hope. Target is around the 482 area
Target hit and still moving lower, i have left some pips on the table, +125 is plenty for me.
Follow The Markets Structure - Patience and Discipline
  • #443
  • Nov 3, 2016 5:22am Nov 3, 2016 5:22am
Quoting Brixen
{quote} Now I have a huge position and if price don't go higher today or tomorrow I think I will erase my good october gain. Waiting for tomorrow FOMC miracle to spike higher the prices (at least 620/635 zone)
Brixen, what's up - did you exit your position? Or are you still in?
  • #444
  • Nov 4, 2016 1:30am Nov 4, 2016 1:30am
Quoting karuner
{quote} Brixen, what's up - did you exit your position? Or are you still in?

Yesterday I've taken the hardest decision of my trading life: -850 PIPS LOSS.

September result: -120 pips.
October result: + 975 pips.
November result: -850 pips.

So next monday I will restart from ZERO (I'm not in the mood to trade since yesterday).
What I fool I am.

Thanks Karuner and pipfarm for your support.
I call upon my father's spirit , watching over me
  • #445
  • Nov 4, 2016 2:40am Nov 4, 2016 2:40am
Quoting Brixen
{quote} Yesterday I've taken the hardest decision of my trading life: -850 PIPS LOSS. September result: -120 pips. October result: + 975 pips. November result: -850 pips. So next monday I will restart from ZERO (I'm not in the mood to trade since yesterday). What I fool I am. Thanks Karuner and pipfarm for your support.

Do not be so hard on yourself, support and resistances get broken , that is the inherent danger of the system you are trading.

Happy Weekend
Follow The Markets Structure - Patience and Discipline
  • #446
  • Nov 4, 2016 3:28am Nov 4, 2016 3:28am
Bought now 1FDAX at 235
I call upon my father's spirit , watching over me
  • #447
  • Nov 4, 2016 4:09am Nov 4, 2016 4:09am
Quoting Brixen
{quote} Yesterday I've taken the hardest decision of my trading life: -850 PIPS LOSS. September result: -120 pips. October result: + 975 pips. November result: -850 pips. So next monday I will restart from ZERO (I'm not in the mood to trade since yesterday). What I fool I am. Thanks Karuner and pipfarm for your support.
what doesn't kill you, makes you harder. strong decision.

Quote
Bought now 1FDAX at 235
maybe you should pause your trading till monday, as you said. but i don't want to interfere here. do what you think to be necessary and right...
  • #448
  • Nov 4, 2016 5:13am Nov 4, 2016 5:13am
Quoting Brixen
Bought now 1FDAX at 235

My last trade sold just under 358, sorry its after the fact but i have posted enough good trades for people to know im not bs,

Started with the daily - we are in a down swing , that is all i care about , no s/r no crazy trend lines or crazy indicators
Next use the 4 hour to take a look inside the daily swing and look for a corrective swing abc, it can be any of the known patterns but must have three swings.
Then Use the 1 hour for entry - after the abc i am looking for the market to start making a move down 123 swings , break of swing 1 is the entry, stop loss above 2, this way we have a defined stop for risk mm and lot sizing.

Apply the same principles using the 4h, 1h and 15 min and that is how i get the latest trade.
Follow The Markets Structure - Patience and Discipline
  • #449
  • Nov 4, 2016 6:21am Nov 4, 2016 6:21am
Quoting pipfarm
{quote} My last trade sold just under 358, sorry its after the fact but i have posted enough good trades for people to know im not bs, Started with the daily - we are in a down swing , that is all i care about , no s/r no crazy trend lines or crazy indicators Next use the 4 hour to take a look inside the daily swing and look for a corrective swing abc, it can be any of the known patterns but must have three swings. Then Use the 1 hour for entry - after the abc i am looking for the market to start making a move down 123 swings , break of swing 1...

Thanks pipfarm. I have to reset my thoughts and then I can restart again.
Anyway I start from zero and not from minus ........
Some positive thoughts will help me to understand better my past mistakes.
I call upon my father's spirit , watching over me
  • #450
  • Nov 4, 2016 7:47am Nov 4, 2016 7:47am
Quoting Brixen
Bought now 1FDAX at 235
Stop at breakeven.
I call upon my father's spirit , watching over me
  • #451
  • Nov 4, 2016 8:40am Nov 4, 2016 8:40am
Quoting Brixen
{quote} Stop at breakeven.
Closed moments ago at 259:+24 pips.
I call upon my father's spirit , watching over me
  • #452
  • Nov 4, 2016 8:48am Nov 4, 2016 8:48am
Quoting Brixen
{quote} Closed moments ago at 259:+24 pips.

Well done, i do not want to put a down on it but why on earth are you trying to pick the bottoms when clearly we are in a major down swing daily, weekly, 4h, 1h. There is easy money,less stress just following where the market is going.
Follow The Markets Structure - Patience and Discipline
  • #453
  • Nov 4, 2016 9:25am Nov 4, 2016 9:25am
Quoting pipfarm
{quote} Well done, i do not want to put a down on it but why on earth are you trying to pick the bottoms when clearly we are in a major down swing daily, weekly, 4h, 1h. There is easy money,less stress just following where the market is going.
You are perfectly right and your analysis is strongly correct, but when I saw some blue candles (price above KS) on my lower TF 6 min
Attached Image (click to enlarge)
Click to Enlarge Name: FDAX04112016.png Size: 31 KB
this morning I was tempted to face this fear that I have since yesterday. It was a sort of theraupetic trade.
I call upon my father's spirit , watching over me
  • #454
  • Nov 4, 2016 9:38am Nov 4, 2016 9:38am
above 269 im closing out as the swing ends with a trend in the opp direction, hmmm therapeutic, i like it.
Follow The Markets Structure - Patience and Discipline
  • #455
  • Nov 4, 2016 9:41am Nov 4, 2016 9:41am
Quoting pipfarm
above 269 im closing out as the swing ends with a trend in the opp direction, hmmm therapeutic, i like it.
Do you mean that above 269 the trend become long?

I have 2 supports today: 245 and 180 where the uptrend started last day od September.
I call upon my father's spirit , watching over me
  • #456
  • Nov 4, 2016 9:47am Nov 4, 2016 9:47am
Quoting Brixen
{quote} Do you mean that above 269 the trend become long? I have 2 supports today: 245 and 180 where the uptrend started last day od September.

The trend changes above 269 but it would only be an hourly swing going against the 4h so it is not a major trend change currently
Follow The Markets Structure - Patience and Discipline
  • #457
  • Nov 4, 2016 9:52am Nov 4, 2016 9:52am
Quoting pipfarm
{quote} The trend changes above 269 but it would only be an hourly swing going against the 4h so it is not a major trend change currently
If I well understand if hourly close 16 or 17 CET (next 2 hours close) will be above 269 the H1 will be in uptrend against H4 that is in downtrend. Is it correct?
I call upon my father's spirit , watching over me
  • #458
  • Nov 4, 2016 9:56am Nov 4, 2016 9:56am
Quoting Brixen
{quote} If I well understand if hourly close 16 or 17 CET (next 2 hours close) will be above 269 the H1 will be in uptrend against H4 that is in downtrend. Is it correct?

Just a break above 269 will be good enough for me. Yes the H1 will be in uptrend against H4 that is in downtrend, it not a trade i would take as i prefer top down analysis starting from the daily sometimes the weekly.
Follow The Markets Structure - Patience and Discipline
  • #459
  • Nov 7, 2016 12:52am Nov 7, 2016 12:52am
More than 150 pips up from the friday eurex close at the open.
Only for first hour (until 9 CET) I will trade the possible extremus: sell above 400 and buy around 300.
If not triggered new strategy starting from 9 CET.
I call upon my father's spirit , watching over me
  • #460
  • Nov 7, 2016 1:24am Nov 7, 2016 1:24am
Quoting Brixen
More than 150 pips up from the friday eurex close at the open. Only for first hour (until 9 CET) I will trade the possible extremus: sell above 400 and buy around 300. If not triggered new strategy starting from 9 CET.
Short triggered at 419. Looking to close around 369.
I call upon my father's spirit , watching over me
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