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Carpe diem: Intraday tactics for Dax and Dow

  • #31,921
  • Apr 8, 2017 10:22am Apr 8, 2017 10:22am
Quoting booze007
it was supposed to be great week for me until i went short again 12205 and got whiped ! well i guess trading is more to do with control of mind and sense than anyother chart techniques , yet to get that control ! in plus500 i can set my sl not 20 pips from the current price . is the same in the other brokers too ? i guess i need to switch to igmarkets asap
At Admiral markets I get 25 euro margin for 1E/point contract and you can set sl anywhere. Plus500 is a scam.
  • #31,922
  • Apr 9, 2017 7:47am Apr 9, 2017 7:47am
Quoting rbetancor
Path of less resistance ... DOWN, to many POCs up ... and no singles to cover. {image} M1 View and ops {image}
is this your EA?
  • #31,923
  • Edited 2:27am Apr 10, 2017 2:14am | Edited 2:27am
Goodmorning

DAX Short @ 267

2 GAPS to close
1 Closed.
T1 +11p
1 to go/SL BE and trailing
FLAT +26points last lot/Almost touched the Weekly POC and closed the last GAP

Price between 2 Weekly POCs/Last Week and 2 Weeks back (purple lines)
Attached Image (click to enlarge)
Click to Enlarge Name: FDXM 06-17 (10 Range) 2017_04_10.png Size: 71 KB
It's better to be out wishing to be in... than to be in wishing to be out!
  • #31,924
  • Apr 10, 2017 2:29am Apr 10, 2017 2:29am
good morning,

long @12223,1 sl -10 tp +30.
fortis fortuna adiuvat
  • #31,925
  • Apr 10, 2017 2:45am Apr 10, 2017 2:45am
Quoting deltaone
good morning, long @12223,1 sl -10 tp +30.
sl hit. -10
fortis fortuna adiuvat
  • #31,926
  • Edited 3:01am Apr 10, 2017 2:50am | Edited 3:01am
SnP price on 2 Weekly POCs @ 2355/58 now. No edge.
DOW on 2 Weekly POCs as well @ 20.610 zone. No edge.
DAX between 2 Weekly POCs as well(see picture above)

Balanced/waiting markets

Just scalping here and then
Attached Image (click to enlarge)
Click to Enlarge Name: Knipsel.JPG Size: 179 KB
It's better to be out wishing to be in... than to be in wishing to be out!
  • #31,927
  • Apr 10, 2017 3:04am Apr 10, 2017 3:04am
last one for this morning (quality time): long @12205,4 sl -10 tp +30
fortis fortuna adiuvat
  • #31,928
  • Apr 10, 2017 3:07am Apr 10, 2017 3:07am
Quoting deltaone
last one for this morning (quality time): long @12205,4 sl -10 tp +30
taking sl to be, playing "30 or 0". afk - maybe trading dow later.
fortis fortuna adiuvat
  • #31,929
  • Edited 3:28am Apr 10, 2017 3:13am | Edited 3:28am
DAX Weekly TPO chart

Long @ 12.242 1 lot only
Target 265/275 or somewere in between

SL 12.233 (Weekly POC)

FLAT -3 points. No Momentum/Edge/Volume/Power/etc etc
Attached Image (click to enlarge)
Click to Enlarge Name: FDXM 06-17 (20 Range) 2017_04_10.png Size: 99 KB
It's better to be out wishing to be in... than to be in wishing to be out!
  • #31,930
  • Apr 10, 2017 3:44am Apr 10, 2017 3:44am
DAX bounces from Friday VAH, ... as H1 elliotwave count its incomplete ... LONG DAX 12233.6 TG1 12355.3 TG2 12375.5 TG3 12385.9
  • #31,931
  • Apr 10, 2017 4:12am Apr 10, 2017 4:12am
Dax long @12208 SL 10 TP 30
No power. BE now.
Hit
Per aspera ad astra
  • #31,932
  • Apr 10, 2017 4:31am Apr 10, 2017 4:31am
Quoting booze007
it was supposed to be great week for me until i went short again 12205 and got whiped ! well i guess trading is more to do with control of mind and sense than anyother chart techniques , yet to get that control ! in plus500 i can set my sl not 20 pips from the current price . is the same in the other brokers too ? i guess i need to switch to igmarkets asap
Hi booze
Sorry to hear that I made a comment while ago to change from plus500
It is not going to solve everything off course
The key to success lies mostly in your hands or better mind
Read the posts from dr steenbarger the last one was insightfull
In fact they all are
  • #31,933
  • Apr 10, 2017 4:31am Apr 10, 2017 4:31am
I've 7pos. of these , [email protected] ,SL man. , TP2@will post mebbe L8R
Attached Image (click to enlarge)
Click to Enlarge Name: 500.png Size: 82 KB
da n0o0b + $hit_Disturber
  • #31,934
  • Apr 10, 2017 4:33am Apr 10, 2017 4:33am
Quoting wbemsms
{quote} Hi booze Sorry to hear that I made a comment while ago to change from plus500 It is not going to solve everything off course The key to success lies mostly in your hands or better mind Read the posts from dr steenbarger the last one was insightfull In fact they all are
An example
There are all sorts of excuses for overtrading, including the common assertion that frequent trading contributes to one's "feel" for the market. In reality, however, the chop, chop losses that often accrue with overtrading contribute to the very psychological problems--frustration, loss of discipline--that traders recognize lead to a loss of market feel. The real question is whether frequency of trading is positively correlated with P/L. Very often that correlation is zero or negative. Periods of more active trading correlate with worse trading performance--not better market feel.

It's no coincidence that one of the most read TraderFeed posts deals with why we trade emotionally. We typically encounter psychological issues in trading because we're overinvolved in markets, not because we lack commitment or passion. Indeed,too often passion is used as the excuse for addictive trading.
  • #31,935
  • Apr 10, 2017 4:34am Apr 10, 2017 4:34am
Quoting wbemsms
{quote} An example There are all sorts of excuses for overtrading, including the common assertion that frequent trading contributes to one's "feel" for the market. In reality, however, the chop, chop losses that often accrue with overtrading contribute to the very psychological problems--frustration, loss of discipline--that traders recognize lead to a loss of market feel. The real question is whether frequency of trading is positively correlated with P/L. Very often that correlation is zero or negative. Periods of more active trading correlate...
Very important comment from him :
Nowhere is this dynamic more prevalent than in the frequency of people's trading. For the most part, traders trade with a frequency that suits their needs for involvement, not their objective assessments of opportunity. The result is overtrading--taking many more trades than opportunity rewards.
  • #31,936
  • Apr 10, 2017 4:40am Apr 10, 2017 4:40am
Quoting Dutchy Daxy
{quote} I use Ninja 8 platform (with extra made software)/Ninja brokers
-------7

da n0o0b + $hit_Disturber
  • #31,937
  • Apr 10, 2017 4:43am Apr 10, 2017 4:43am
Quoting wbemsms
{quote} Very important comment from him : Nowhere is this dynamic more prevalent than in the frequency of people's trading. For the most part, traders trade with a frequency that suits their needs for involvement, not their objective assessments of opportunity. The result is overtrading--taking many more trades than opportunity rewards.
Took me several years to stop the overtrading habit.
But that time I was not so familiar with Market Profile/TPO charts
That (and a few orher things) showed me/learned me how to " behave" and become better in trading
It's better to be out wishing to be in... than to be in wishing to be out!
  • #31,938
  • Apr 10, 2017 4:49am Apr 10, 2017 4:49am
FWIW =
Attached Image (click to enlarge)
Click to Enlarge Name: fwiw.png Size: 51 KB
da n0o0b + $hit_Disturber
  • #31,939
  • Apr 10, 2017 4:54am Apr 10, 2017 4:54am
Quoting Dutchy Daxy
{quote} Took me several years to stop the overtrading habit. But that time I was not so familiar with Market Profile/TPO charts That (and a few orher things) showed me/learned me how to " behave" and become better in trading
I have a system for this issue.
Attached Image
Per aspera ad astra
  • #31,940
  • Apr 10, 2017 4:55am Apr 10, 2017 4:55am
Friday poc 12180 should we take it?
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