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  • #621
  • Jun 2, 2017 3:15am Jun 2, 2017 3:15am
Quoting Ockham
{quote} Not sure you still need to use "will" Today seems EU UJ are in small pips range until now, so i tried some dax trading, may be could i have your advice ..? i did my first entry at the Frankfurt open, which better place than the first candle to enter after a big volume candle ?! At London open i was a bit scary to push the trigger at 9:05 (Paris time) second yellow circle i think this was a perfect entry at the first low re test with big volume even just for TP at 12746 previous high. Took a trade short at 12750 and protected quickly...
Hi Oakham. Today is a day of travelling for me so I won't be on here much.
+20 is brilliant in my eyes so well done.
I like your black zones that you have drawn
I presume your 1st trade was short. That was a brave call on the 1st candle at frankfurt open, especially considering that volume. For me at that point we didn't have enough information to go off and that candle could have kept going up. The candle you marked as the perfect entry would be ideal but only after the bullish candle for me as there is no rejection wick on the down candle.
I hope that helps a bit.
Indentify > Plan > Accept > Execute
  • #622
  • Jun 2, 2017 3:37am Jun 2, 2017 3:37am
Quoting wizlon32
{quote} Hi Oakham. Today is a day of travelling for me so I won't be on here much. +20 is brilliant in my eyes so well done. I like your black zones that you have drawn I presume your 1st trade was short. That was a brave call on the 1st candle at frankfurt open, especially considering that volume. For me at that point we didn't have enough information to go off and that candle could have kept going up. The candle you marked as the perfect entry would be ideal but only after the bullish candle for me as there is no rejection wick on the down...
Thanks for answer mate, yes the first one was short this was a method i used before trading the first candle in opposite direction for 5-10 pips profit and only against strong open, win rate was good enough. Yes you are right the 9:05 am candle was not so good without the next bullish confirmation because she did not have long wick rejection. Have a nice week end Wiz and all traders.
Regards
Ockham
There is no way to happiness , happiness is the way.
  • #623
  • Jun 2, 2017 4:53am Jun 2, 2017 4:53am
Quoting wizlon32
Some Dax trades just shortly after London Open. 230 pounds profit just for basically getting out of bed! 1,3 and 4 are long. 2 is short. I'm not getting on very well with camtasia trial version. I'm sure the paid version is awesome but I'm going to try something else. {image}
Wiz I have a question about buying 3,4, as there was selling from top, why did you buy there?
Even though I walk through the darkest valley, I will fear no evil
  • #624
  • Edited 5:05am Jun 2, 2017 4:54am | Edited 5:05am
Quoting Ockham
{quote} Not sure you still need to use "will" Today seems EU UJ are in small pips range until now, so i tried some dax trading, may be could i have your advice ..? i did my first entry at the Frankfurt open, which better place than the first candle to enter after a big volume candle ?! At London open i was a bit scary to push the trigger at 9:05 (Paris time) second yellow circle i think this was a perfect entry at the first low re test with big volume even just for TP at 12746 previous high. Took a trade short at 12750 and protected quickly...
Don't rush
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Even though I walk through the darkest valley, I will fear no evil
  • #625
  • Jun 2, 2017 4:58am Jun 2, 2017 4:58am
I don't trade with Mt4, I use it for charting, so I market my trade. 50 level, and high volume not at the bottom, so we have a more selling is coming, and after that active selling at the top, to bring price down
Attached Image (click to enlarge)
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Even though I walk through the darkest valley, I will fear no evil
  • #626
  • Jun 2, 2017 4:59am Jun 2, 2017 4:59am
Some trades from EU
Attached Image (click to enlarge)
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Even though I walk through the darkest valley, I will fear no evil
  • #627
  • Jun 2, 2017 6:26am Jun 2, 2017 6:26am
Quoting monocor
{quote} Wiz I have a question about buying 3,4, as there was selling from top, why did you buy there?
Hi monocor.
The simple answer is impulse. They were all impulsive trades at a time of relatively high volatility.
I felt more comfortable being a buyer than a seller. The high volume at the previous low was a factor and I wasn't convinced that the move up was over.
Also price action. I see lower wicks at trade 3 and a bullish engulfing candle at 4. 3RSI was going up from low levels both times as well.
Indentify > Plan > Accept > Execute
  • #628
  • Jun 2, 2017 6:44am Jun 2, 2017 6:44am
few scalps

thanks to wiz
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  • #629
  • Jun 2, 2017 7:26am Jun 2, 2017 7:26am
4 sell orders before eventually price went down
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Even though I walk through the darkest valley, I will fear no evil
  • #630
  • Jun 2, 2017 7:26am Jun 2, 2017 7:26am
Quoting wizlon32
{quote} Hi monocor. The simple answer is impulse. They were all impulsive trades at a time of relatively high volatility. I felt more comfortable being a buyer than a seller. The high volume at the previous low was a factor and I wasn't convinced that the move up was over. Also price action. I see lower wicks at trade 3 and a bullish engulfing candle at 4. 3RSI was going up from low levels both times as well.
I see, thank you
Even though I walk through the darkest valley, I will fear no evil
  • #631
  • Jun 2, 2017 3:50pm Jun 2, 2017 3:50pm
Quoting monocor
4 sell orders before eventually price went down {image}
I can't tell where your orders were. I'm guessing they were where the red price labels are?
Indentify > Plan > Accept > Execute
  • #632
  • Jun 2, 2017 3:52pm Jun 2, 2017 3:52pm
Quoting monocor
Some trades from EU {image}
Same thing buddy. I have no idea where your trades were. Sorry if i am missing something that is obvious.
Indentify > Plan > Accept > Execute
  • #633
  • Jun 2, 2017 4:02pm Jun 2, 2017 4:02pm
Quoting wizlon32
{quote} Same thing buddy. I have no idea where your trades were. Sorry if i am missing something that is obvious.
I know it ... from left to right.First label is entry second label is exit and so on

  • #634
  • Jun 2, 2017 4:07pm Jun 2, 2017 4:07pm
Quoting wizlon32
{quote} I can't tell where your orders were. I'm guessing they were where the red price labels are?
4 sell Orders. The fifth label is the exit
  • #635
  • Jun 2, 2017 4:25pm Jun 2, 2017 4:25pm
Quoting stechi
{quote} 4 sell Orders. The fifth label is the exit
Thanks Stechi. That makes it clearer.
Indentify > Plan > Accept > Execute
  • #636
  • Edited 11:55am Jun 3, 2017 11:18am | Edited 11:55am
Stechi is correct, from left to right, first label entry second close. And Uj 4 labels at top entries and one at the bottom close.
Attached Image (click to enlarge)
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Even though I walk through the darkest valley, I will fear no evil
  • #637
  • Jun 3, 2017 11:19am Jun 3, 2017 11:19am
My be you have some system, which can be laid on top of volume, to make it all more systematic. I like your scalping with wicks, but it is to many trades and profit 3-5 pips, minus spread, it is really to much work
Even though I walk through the darkest valley, I will fear no evil
  • #638
  • Edited 1:02pm Jun 3, 2017 12:39pm | Edited 1:02pm
Quoting monocor
My be you have some system, which can be laid on top of volume, to make it all more systematic. I like your scalping with wicks, but it is to many trades and profit 3-5 pips, minus spread, it is really to much work
This thread is not about a trading system. It never has been. What I show you here is a very small part of what I do. That said, with this alone I can probably make more profit than others who use elaborate trading systems. Due to having a busy full time job these trades that I show here suit me perfectly because I can pull them off with practically no analysis at all; for that reason I strongly disagree with your point about it being too much work. Maybe one day when I have more time I will create a thread in the trading systems forum. Until then if you or anyone can find any use in the snippets that I offer here then that's great.
Indentify > Plan > Accept > Execute
  • #639
  • Jun 3, 2017 1:01pm Jun 3, 2017 1:01pm
Quoting wizlon32
{quote} This thread is not about a trading system. It never has been. What I show you here is a very small part of what I do. That said, with this alone I can probably make more profit than others who use elaborate trading systems. Due to having a busy full time job these trades that I show here suit me perfectly because I can pull them off with practically no analysis at all; for that reason I strongly disagree with your point about it being too much work. Maybe one day when I have more time I will create a thread in the trading systems forum....
In addition I am more than happy with 3 to 5 pips profit. Sometimes I am happy with 1 pip or less because for me it is not about pips, it is about pounds!
Indentify > Plan > Accept > Execute
  • #640
  • Jun 3, 2017 1:31pm Jun 3, 2017 1:31pm
Quoting wizlon32
{quote} In addition I am more than happy with 3 to 5 pips profit. Sometimes I am happy with 1 pip or less because for me it is not about pips, it is about pounds!
All trading is about $$$

I am appreciate for all what you share it is great stuff. I understand your point, hope to see your thread some day.

By too much work I meant to many trades with small profit, I loaded EU with buy orders before the news, and got 70 pips strike up, with 7K income in one move. It is much easier then taking 20-30 trades with 3-5 pips, but again I don't have job and I have a lot of time.
Even though I walk through the darkest valley, I will fear no evil
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