Workhours from 3.00 am to 6.00 am , 8.10 am to 11.30 am
Dax Trades:
expecting after 3.50 am, 8.15 am, 9.40 am, 10.25 am and 2.30 pm a trend
after 2:45 am: down move, up move, down trend
- 2:59 am short
- 3.55 am long
- 4:02 am short
- 4:30 am long
- 5:20 am short
- 7.43 am long
- 8:10 am short
- 8.54 am long
the charts usually dont move like after 3.00 am
- 9:50 am short
- 10.02 am long
- 10:39 am long
- 11.15 am short
- 12.50 am long
- 2.20 pm long
- 3.15 pm short
- 3.18 am long
- 3.40 am short
- 4.40 am short
- 5:13 am short
- 7.15 am short
- 8.00 am long
- 9.00 am long
- 9.50 short
- 10.56 am long
- 12.15 am short
- 2.25 pm long
Profit 40 Points MTP Manual DP System FDAX
Profit 100 Points MTP Manual DP System CL
What are your thoughts on the overall direction of the market for today?
ReplyDeleteLooks long to me (even though we are very high on camarilla already). But since it's a new high, then it's somewhat difficult to project any levels it might rally. I need to practice my ''new high trading'' skills again. :-)
Cheers!
i am looking for an ab correction like last monday (on S&P), so we have structure support to go higher, therefore we might first go down a bit, then up to fool everybody to get on board long and then a sell off into 9.30
ReplyDeleteThat's what I'm thinking... DAX probably could rally from here, but it would be more logical for Dax to first come down. Ideally I would be looking to go long at 6270. But that's roughly 30 points away, so we'll see.
ReplyDeleteI'm not on a train with Dax today. Just staying aside and following the price movement. I wonder if we go back up after 9.30 open or not. We'll see. :-)
ReplyDeletetrust me you have to use trendline breaks for entries, this way you are always on the right side. Usually after 9.30 the dax does what it does after 3.00 am but since we had a gap open today, the situation might be different, no matter what i wills stay out of the choppy trading action and look for a trend after 10.25 am
ReplyDeleteWhat do you exactly mean by ''use trendline breaks for entries''? :)
ReplyDeleteIf it's easier for you, then you can just send me a chart with lines or stuff on it.
Actually I got too aggressive today. I had no losing trades last week (only a tremendous amount of winners), so I just got over-confident. I did not enter a trade, but I had a wrong direction in my mind. Looking back at morning open and action, I can see a short now. The funny thing is that I noticed that S&P is short in the morning, but somehow didn't pay attention. :-)
you can see on all the 1 min charts that I posted black lines, that i draw in manually, so i get a sell or buy signal (black or green dot) and then I enter long above a blue bar or short below a red bar depending if price is above or below the last trendline. this way I dont get trapped into false breakouts and on the other hand never miss a trend
ReplyDeleteOkay.. will try it (if there are days I don't understand the market that well).
ReplyDeleteI didn't do any trades today (and doesn't plan on doing anymore either). I am very 'capital protective' in my trading, so since I didn't read the market well till lunch, I decided to take the rest of the day off and have my bmw serviced. Did follow the market via iPhone, but that's it.
Cheers!