Disliked{quote} Dale, great job! I would like to ask you, is it possible to add instruments: dax, dj30, nasdaq? Thanks a lot!Ignored
Trader Dale - daily trading levels
Whilst all our levels are way away, he's a thought, so far this year we've had Brexit, the US election which whatever your views you'd have to say was thought to be market negative if DT came out on top, we had the Italians voting to ensure more years of chaotic government ............. none of these things were thought to be particularly market positive events before they happened. As we stand today the FTSE is up approx 950 points from that Brexit dip, the Dow is up a staggering 2800 or therabouts, I think you can say the equity markets have pretty well shrugged off the "bad news". In fact at the beginning of the year there was a horrible drop in January, but today the Dow is pressing new highs about 4400 points above the January low. At the current rate of climb the Dow is on track to hit 20,000 in the next day or two - the trend is your friend....... until the end, it's hard to stand on the tracks in front of a steam train but if ever there was a BRN target then 20,000 for the Dow is a pretty BIG round number. So........ would you fade it heading into the BRN and what do you recon the chances of closing out the year at 20,000+, answers on a postcard 
With risk markets just brushing aside all "bad" news that is one heck of a bull run............ just saying
With risk markets just brushing aside all "bad" news that is one heck of a bull run............ just saying 
{quote} Very nice trade mate! Of course not just luck.
1. It was right at the top of yesterdays value area high
2. It was right at the highest traded volume of yesterday
3. The market move at that high point shows you that sellers really are prepared to get involved at that level
There are no guarantees in trading, but I will guarantee if you only ever took trades that fitted that kind of profile you very soon become a successful trader, they say you make your own luck & that's exactly what you did with this set up. Nicely found set-up
- #1,796
- Dec 13, 2016 10:10am Dec 13, 2016 10:10am
{quote} So what are the key attributes? 1. It was right at the top of yesterdays value area high 2. It was right at the highest traded volume of yesterday 3. The market move at that high point shows you that sellers really are prepared to get involved at that level There are no guarantees in trading, but I will guarantee if you only ever took trades that fitted that kind of profile you very soon become a successful trader, they say you make your own luck & that's exactly what you did with this set up. Nicely found set-up
Hi ziggy
Could you show us an example of what you say with a graphic?
