Workhours from 3.00 am to 5.00 am and from 8.00 am to 11.00 am
FDAX Trades:
expecting after 3.05 am, 4.30 am, 8 am, 9.45 am, 10.20, 11.40 am and 2pm a trend
after 3 am: up move, down move, sideways
Crude Oil Trades:FDAX Trades:
expecting after 3.05 am, 4.30 am, 8 am, 9.45 am, 10.20, 11.40 am and 2pm a trend
after 3 am: up move, down move, sideways
- 2.20 am short
- 2:45 am long
- 3:53 am short
- 4.50 am short
- 6.10 am long
- 6.56 am short
- 8.01 am long
- 8.42 am long
- 9.43 am long (did not take the signal because no trendline break)
- 9.53 am short (did not take the signal because no trendline break)
- 10.17 am short
- 11.04 am long
- 11.30 am short (signal but no trendline break)
- 12.15 am long
- 13.23 am long
- 3.13 pm long
- 2 am long
- 3.10 am short
- 4.25 am short
- 5.46 am long
- 6.13 am long
- 7.30 am short
- 9.30 am short
- 9.52 am short
- 11.16 am long
- 12.00 am long
- 1.46 pm long
Profit 40 Points MTP Manual DP System FDAX
Profit 100 Points MTP Manual DP System CL
Profit 100 Points MTP Manual DP System CL
Morning,
ReplyDeleteSo, let's see how today works out to be. At first glance it looks short. If that's confirmed, then I'd expect the Dax to first hit 6191.50 and if that fails to hold, then next stop could be 6170 and after that 6148.
Now I'll pay close attention to the market behavior.
Cheers mate!
Man... or am I not paying attention to what S&P does again? It looks rather long at this point (from 1188.50ish). Hm.... :-)
ReplyDeletedont get confused, after 3.30 there will be a trend, I usually dont like scalping, but since there is a gap I will try to go long at 3:00 am
ReplyDeleteI didn't compare it with S&P before I wrote the first comment and S&P clearly showed that it cannot fall right away. And since 6227 didn't break, DAX could now go up to 6262-ish (maybe even 6271). I'm looking at how the price acts on that level to see if there will be a shorting opportunity.
ReplyDeleteI almost never scalp - I try to capture the long moves. :-)
have a look at crude oil, its seams at the moment the market is 5 minutes ahead of the dax, so the sudden downmove on the dax was predictable and of course confirmed with my trendline break entry rule.
ReplyDeleteDo you compare crude oil and Dax? I kind of look at it, but just as a part of an macro picture.
ReplyDeleteEven though at first I expected a bit more downside, my indicator pointed out a short too, since 6255 didn't break. So I'm short at the moment, but will keep my eyes very open for danger signals.
Even though at first I expected a bit more upside **** :-)
ReplyDeletemy biggest trading error is to exit too early and then to make a bad re-entry.
ReplyDeletemy trading goal is to get rid of this feeling that i will miss something if i am flat.
same as in sports if you dont pause you get exhausted :-)
That's very-very-very true! I used to make bad re-entries also and quite often they turned against me. But I've learned not to go into the trade once I missed it. There will always be another trade coming up.
ReplyDeleteI almost exited my short trade because the price was pretty much on my entry point again. But decided to wait a bit and now it turned out to be a good decision.
I like to be on the right side of the market from the beginning. I was the market to sell off a bit, but it hasn't done so yet. So I'll probably wait a bit with my trade and see if I can close it at 6227. If I can, then I will take a few hours off again today and continue just before the US open.
This sport sentence was very accurate! :-)
How do you manage your mind state so that you have more pleasure, waiting for the right entry? I used have more fun pushing the button and see something happening, but now I like more and more to wait for the right moment, because I know it will pay off in the end. I learned from sports like golf that if you always try to do something without first gathering mentally and physically some energy you end up not reaching your goal.
ReplyDeleteYou know it's difficult to answer for that question. I just understood that entering is a very important part of trading and when I go in too recklessly, then I might lose (or set my stoploss way higher than I should).
ReplyDeleteI miss out on many trades, but it does not make me sad anymore. I know there will be another one coming up. So that's why I am very picky on my entry point and try to wait for the confirmation. I like the market to confirm that it will move up/down before I enter the trade.
Difficult to tell you how to do so... it kind of happened for me itself. :-)
Just out of curiosity.. how many trades do you do per day on average?
ReplyDelete10-30 on my two daytrading markets
ReplyDeleteand my automatic s&p system 3-5
thats a lot but i trail my stop to breakeven if i have about 10 ticks profit
and do re-entries till i catch a trend
wow... I make 2-3 at most. Some days I don't make any trades (when I don't read the market or it just looks choppy to me). There are few days I make maybe 4-5 trades (but these are the days I read very well + there's a lot of volatility too). I want to be able to make only 1 entry. I will wait and wait for the right moment. :)
ReplyDelete