Wiz Index

Quoting Pip-Miner

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ran on one of our favourites dax. started with 500 dollars , turned it into 4500 or something since the beginning of the contract in March. This was run just using a price spike on the candle, i was surprised as well. {image}

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Quoting Anf3r

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{quote} Great pip, can you share your exit rules, or are they just an entry rule to the opposite move? Thanks man

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Quoting Pip-Miner

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ran on one of our favourites dax. started with 500 dollars , turned it into 4500 or something since the beginning of the contract in March. This was run just using a price spike on the candle, i was surprised as well. {image}

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Quoting mizi123

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Good morning friends im going Long on these let se the rest {image}

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Quoting Pip-Miner

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ran on one of our favourites dax. started with 500 dollars , turned it into 4500 or something since the beginning of the contract in March. This was run just using a price spike on the candle, i was surprised as well. {image}

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Quoting mizi123

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Good morning friends im going Long on these let se the rest {image}

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Quoting LaBoca

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@Wiz TE not needed Nice interpretation of volume Scaling in to get better price - nothing wrong as long as you have a line in the sand to get out trade well

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Quoting wizlon32

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I love to trade the Dax at or shortly after London Open. There is always a natural increase in trading volume at this time but many times it is still very obvious what is going on. This chart might look a little messy with the lines I have drawn on but if I was trading at this time this is what I would be looking at. L=Low and H=High. I look at both the lows and the highs and I work out where these is generally more interest. Here price is driven down for better prices to buy at. To the untrained eye it looks like there is a lot of selling pressure...

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Quoting Seshwaan

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{quote} Hi Wiz, First of al lthanks for sharing your expertise here I am trying to get to grips with this so if you could let me know if my thinking is on the right track. In this chart we notice that when PA is at highs the volume is somewhat "normal" however when volume spikes coincidently( or not so coincidently) PA is hitting lows. This indicates that the MM's are gathering positions when the price hits the lows expecting a rise... Does that sound somewhat correct?

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Quoting wizlon32

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{quote} Hello Seshwaan, what you say sounds to me about right but every situation is different so it will probably take you a bit of screen time until it starts to become easy to work out whats happening. Look at the last chart I posted of Dax. I was watching it as it dropped and it was very obvious that there was buying happening at the lows. I could see it very clearly on M1 and if you look at the M15 chart you will see several candles with lower wicks. Also note the huge increase in volume once we started hitting the lows. If it wasn't buying...

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Quoting Pip-Miner

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{quote} Wiz - you going to make us all Rich .. you cracked the code man we know where they are . Like war , know your enemy and learn as much as you can so it can be defeated.

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Quoting wizlon32

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{quote} Yes 1.0963 was where it was happening! The lower wicks on those candles are very telling (in blue zone). {image}

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Quoting openyoureyes

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(broker) volume just shows levels of high demand, thus it can go 2 ways - you need to pay to access to real volume for DAX index - + macro / fundamentals (along with usual data releases) are determining factors. people just need to learn managing their positions that's the most important part. this strategy is a (day) trend strategy to determine S&R with volume, which is never reliable. (if you don't follow news/data release you could write instant -40 pips, which kills small accounts instantly)

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