Workhours from 2.45 am to 5.15 am and from 8.00 am to 11.00 am
FDAX Trades:
expecting after 2.45 am, 4.15 am, 6.10 am, 8 am, 10.20, 11.40 am and 2pm a trend
after 3 am same as yesterday after 10.35 am: up move, down trend, sideways, up trend
Crude Oil Trades:FDAX Trades:
expecting after 2.45 am, 4.15 am, 6.10 am, 8 am, 10.20, 11.40 am and 2pm a trend
after 3 am same as yesterday after 10.35 am: up move, down trend, sideways, up trend
- 2:45 am long
- 3:56 am long
- 4.26 am short
- 4:28 am long
- 5:36 am long
- 6.08 am long
- 8.01 am long
- 8.48 am long
- 10.15 am short
- 10.40 am long
- 11.50 am long
- 1.45 pm short
- 2.15 pm long
- 3.30 pm long
- 2.50 am long
- 6.00 am long
- 7.30 am short
- 9.15 am short
- 9.48 am long
- 10.19 am short
- 10.39 am long
- 11.37 am short
- 12.00 am long
- 1.50 pm long
- 2.20 pm short
- 4.15 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
At this point I'm still unsure about which direction will DAX go today. It's all kind of.. messy.
ReplyDeleteWe could first come down to 6166 and then go up again to 6194 (if that fails, then 6122 or 6260 AT MOST).
But then again, there is also a possibility that we could first go up to 6200ish and then sell off to 6166 (once that level fails, then 6148 and next up 6125).
But not sure which one yet... macro is also very messy and unsure.
today apple releases earnings, so the market will skyrocked today and then the summer bear market can start tomorrow :-)
ReplyDeleteof coure like last tuesday and yesterday the big trend will most likely happen after 10.30 am or even after 12 am so lets hope we get some nice up and down moves in the morning...
ReplyDeleteCould be.. it's a bit tricky today, yes!
ReplyDeleteHad a quick up-scalp from 6195 till 6209. And then reversed at the same level and now waiting to see if we can break 6194 or not. If not, then I have my automatic take-profit set a bit higher to at least get some points out of this trade.
I don't really like macro at this point... I'd want it to be a bit more bearish for that down side.
Take profit hit, out of the trade. An up-move is also possible, so I'm staying out at this point.
ReplyDeleteman, how can you exit at 6209 i guess you have seen the double top or do you use some kine of indicator that shows you prior support and resistance levels based on volume like this indicator:
ReplyDeletehttp://content.screencast.com/users/VideoLibrary/folders/BTTFT/media/f1be36b2-7302-42e7-a258-c79595108dff/fpc.jpg
Well.. I do have this one indicator in one of the charts which gives me strong support/resistance levels, but I don't rely on them most of the times. Often I use them as confirmation.
ReplyDeleteBut I there were three strong levels on upside: 6200, 6210 and 6223. We broke 6200, but then the price action hinted a bit of a slow-down. I then moved my upper take-profit from 6223 down to 6209 (I often set my take-profit 1-2 points below the strong level, in case it doesn't hit it exactly).
I don't follow double tops or bottoms on a regular basis. Only when they appear in a larger time frames.
Would you go short if we now build a double top, or whats your criteria for a short setup. I am looking for a trendline break so below 6200 i would be shorting...
ReplyDeleteit's a good question. I have the exact identical long in right now as I had earlier. I'm waiting for it to hit 6209 to get the same amount of points (just hit). Haha... three identical price entry/exit trades today. Total of 42 points. :-)
ReplyDeleteYou know it's difficult. Macro is favoring longs, but I'm not very sure. If we break 6210, then we might go higher. But since I have an appointment in 2 hours, I probably can't take any longer trades until I return. That's why I'm taking those slightly riskier scalp trades (which I usually don't like very much).
6194 is an lower support you need to watch. If that fails, then 6166 (and maybe 6148) is next up. :-)
alright, i think i learned something today, not that I like trading in a range, but your way of trading (looking at price clusters like the 6195 level and then exiting at resistance not counting on a breakout) works very well in such environments.
ReplyDeleteOne question, if you say you have an appointment why not leave the computer alone at simply enter short at the double top with 4 point risk and take profit at another 40 points down. i noticed on tuesdays the fdax and crudeoil usually first make a double bottom before the medium term uptrend continues...
No, no... I rarely trade range. I don't like it. But did it today, since I have to leave in an hour. Most of the times I'm looking for value trades.
ReplyDeleteIn terms of your question... sometimes I do leave my trade in (with a set stop-loss and take-profit... like I did on Friday). But today I wasn't 100% sure where we'll go (unlike I was on friday). Double top alone doesn't give me enough information (that alone doesn't tell me anything). :-)
of course a double top alone we also not make me take any trade, but from my observations there are two type of events that happen prior to a trend change: 1) a reversal bar with high volume in a decsision point area (zone that is about 10% above prior high) 2) a trendline break after the price can make a new higher high
ReplyDeleteemotionally I somehow dont want reversals to happen, although they are the best trades you can make (=breakeven after 1 minute, lots of opportunites everyday) I have to learn not waiting for the big trend trades, which most of the days happens only 2 or 3 times but taking every low risk opportunity
Okay.. we differ here a bit. I myself only want to trade big trend trades (value trades), since I really don't need more than 2-3 of them during the day. I don't enjoy scalping and making many trades. I like to enter a value trade and just let it ride. In a perfect day I only take 1 (maybe 2) long trades and that's it. :-)
ReplyDeletethats also my intention 1-2 trades 40 point i dont want more from the market :-) however I have no clue which of the 10 possible trades I take per market will be the runner.
ReplyDeleteWe I know which one it will be the one that breaks out of support/or resistance.
Since I dont know which of the trends will have the power to breakout of a sidways market, I simply have to take any trade, to get at least to breakeven and sometimes like 10 min ago, catch a runner...