Workhours from 3.00 am to 6.00 am , 8.10 am to 11.30 am
(today the trend at 9.30 am not at 8.10 am to the workhours was
extended till 12.30 am)
Dax Trades:
expecting after 3.00 am, 8.15 am, 9.40 am, 10.25 am and 2.00 pm a trend
after 2:45 am: up move, down move, sideways, uptrend
- 2:28 am short
- 3.08 am long
- 4:06 am short
- 4:40 am short
- 5:57 am long
- 9:31 am long
- 9.49 am long
- 10:17 am short
- 11.08 am short
- 11.42 am short
- 12.37 am long
- 1.47 pm short
- 2.04 pm long
- 3.45 pm long
- 2:15 am short
- 3.22 am long
- 3.50 am short
- 6:16 am short
- 7.18 am short
- 8.47 am long
- 9.32 am long
- 10.27 am short
- 10.50 am short
- 12.40 am long
- 2.17 pm long
Profit 40 Points MTP Manual DP System FDAX
Profit 100 Points MTP Manual DP System CL
Morning,
ReplyDeleteSo.. what a selloff on Friday!! Makes it a bit tricky (at first impression).
I am usually quite careful when it comes to trading on Monday's. I like to evaluate the market and get the sense of its behavior for the week.
But my first impression for the day (which may change as I've gathered more information from the market): first the DAX might go up to 6194 (maybe even higher... 6210/6227 - will know once we're on the move). Then we'll probably reverse and come down to 6166 again. Once that level fails, we'll be heading towards 6148 and if that breaks as well, then we should stop at 6125 at lowest.
There is also a possibility that we only move up (which would mean a small downmove occurs first), but I'm not sure how likely it is yet. We'll see!
Any thoughts yet? :-)
(Let's take this market down once again this week. A new M5 is coming out in a 1-2 years time - I guess you're a lot closer to it than I am. Let that be our inspiration) :-)))))
Well my thoughts are we fill the gap and then there is sideways movement, but we will see...
ReplyDeleteAbout the M5, I am going to sell mine as soon as an electric vehicle is available in germany, I want to do something for the environment, so driving cars with more than 200 hours power I no longer need for my ego ;-)
with gap fill I mean price could go up to the close (6200), S&P 1190
ReplyDeleteGreat! That's what I'm thinking - either 6194 or 6200 (gap). So far so good.
ReplyDeleteBtw.. by an electric vehicle you mean which? I don't drive my M5 every day.. I use a regular 3.0 diesel X5 for that. But I would be extremely happy if they would allow me to shut down most of the cylinders on the new M5 (so that I can only use maybe 5 cylinders when driving 100 km/h on a speedway with cruise control on). :-)
Exited my long trade at 6194.00 (even though we can go above that, but that's again the ''riskier area'' for me). Now looking to see if and where I can have my short play (which; if confirmed by the market, can be a nice one).
ReplyDeletedid you exit at 6194, how did you calculate that price?
ReplyDeleteYup.. I set my automatic take-profit to 6194.00. It's quite a strong resistance, given me by my custom made indicator. It's based on previous high volume support/resistances.
ReplyDeleteIt can (and likely will) fail, but as I noticed... it came down to 6182.50 before it's up there again. So I didn't see it worth the risk that we come down, before TRYING to pass that level (so I could win just a few extra points). If my take profit would be at 6200, then I would had taken a risk of ''losing'' 10+ points in order to gain 6 more. Not worth it (for me). :-)
taking risk/reward calculations into trading decision is the best thing you can do, every professional trader looks at the charts in terms of how much he needs to risk and actually it looks like you have to risk far less to go short then to go up again ...
ReplyDeletethe name of the game is really, to get in before price reaches support on short trades or resistance on long trades.
Out of the short @ 6152.00 (another 40 points). Waiting aside to see if there's a possibility to sell at higher prices again. If not, then no harm done.
ReplyDelete6148 is also kind of a strong support, so we might go up at first before. We'll see.
If we go below it, then next (and likely final) stop is 6125.00
man, strong support and resistance, so i guess we have to wait till at least 8 am before we see any breakout. (maybe citigroup earnings can move the market)
ReplyDeletebtw can you tell me your rule for getting out of a short trade (when do you thing we have strong support?) I usually get out if the price goes above a 1 min bar at doublebottom (so exactly at 5.00 am today)
/Took a few hours off and went out for lunch/
ReplyDeleteI don't really follow any golden rule of short exit. I just have my indicator which tells me which price levels have been strong in the past. I use them (and of course a strong part lies on price action and volume too). :-)
I've seeing some signals that we that we could also move higher again today. So I'll keep my eyes open for confirmation (to either short or long). At this point it's difficult to tell which way we'll go for sure.
ReplyDeleteHopefully it'll be a down move. :-)
well this mornings pattern sugguest that we first go down then up and then a downtrend
ReplyDeletehmm i mean like after 3 am we go first up then roll over to short, but lets see how strong the bulls are
ReplyDeleteWe have an interesting setup here indeed. We'll see how it works out. :-)
ReplyDeleteExited my quick long trade from 6166 at 6189. Would've waited a bit more, but it's almost 10am and we might have a reversal. Wish I'd entered a bit lower (would've got more points, but I didn't know for sure until we were already at 6166 level).
ReplyDeleteBut now I'm done for the day. Got too many points today already... Will go out for a walk and then I'll just follow the market later. Will probably not trade anymore today. :-)
well done, i also catched 20 points on the up move and some on the downmove, crude oil trades much more the way I like to trade: enter the market and place the breakeven stop 1 minute later :-)
ReplyDeletecu tomorrow