Chasing the Dragon this morning image

DAX Futures December 2019

Cool, so we are through the 140 so its more or less to plan, which is a good sign for more longs , just the pb first, ideally

DAX Futures December 2019

Its like following a map sometimes, nearly 140 hit so back to 100

DAX Futures December 2019

Yes i see as you prefer to buy at the assumed bottom of the dip good thinking but as you know im slightly more cautious , it means a bigger stop for me but i feel more confident. Can see on the 5 minute price has paused at that 130

DAX Futures December 2019

I would like to see them pop it just over the 140 level first .

DAX Futures December 2019

Lets see nothing is guaranteed but sure they may want to retest the current lows to pick up any shorts at 130-140 resistance

DAX Futures December 2019

Scenario Instrument- Ger30 Place - Forex factory Chart Time - 15 minute Price goes up hits the 130-140 area making the first swing up then down wave`2 (could be sideways or zigzag) then price goes up breaks the top of wave 1 straight into swing 3 ...

DAX Futures December 2019

Lol Love it, EURUSD in corrective mode down to at least 1029, so good for dax

DAX Futures December 2019

image That was my attempt at humour, for sure we are a piece of plankton in the vast ocean of sharks

DAX Futures December 2019

Yep very nasty, that is why i did not long until i see signs of uptrend movement, for retrace, there must be more short orders down there, it will go back up, unless they read the forum and know what we are up to ...

DAX Futures December 2019

I may take a long but wait for the 15 minute to start trending up, that is the safe option for me, then look at shorts again around the 220 level with price trending down again, that way it will give me a good idea of stop placement , risk and lot ...

DAX Futures December 2019

That is the target hit in my post from yesterday, as i said often we go into the range of the previous support/resistance, thats a good place to long but wait for trend confirmation, what ever happens its win win, because even if this is only a ...

Cable Update (GBPUSD)

They know a lot of shorts are waiting around that 100 area , i can feel it see it, they wont make it so easy for them. take em all out back to 220

DAX Futures December 2019

Ok so this price action is now looking very typical, if they hold off from the low around 100 ,trapping early trend traders, they will swing it back up to test resistance then swing it back down break 100 area which will bring us into a corrective C ...

DAX Futures December 2019

Morning Brixen, Now the low is broken i would assume the second option i spoke about yesterday is correct, however there is hope because as soon as this swing down has finished , being a single swing , it will go up to test the old resistance at or ...

DAX Futures December 2019

Good call for the short, taken profit and waiting for a new entry could long back into the trend will wait a while to see high how things develop.Will need to see a new smaller trend developing before going long, sometimes the correction does dip ...

Cable Update (GBPUSD)

Previous leg up i posted live trade, again minor trend subdividing into impulse wave, impulse wave moves with the trend of one larger degree. image

Cable Update (GBPUSD)

Profit locked in image Impulse wave, moving with the trend of one larger degree, ie larger trend is a minor wave

Cable Update (GBPUSD)

Not necessarily, within those higher high higher low candles assuming you are referring to those as a trend, within those candles is the trend and corrections of all the time frames below the monthly. And the most important thing is that all those ...

Cable Update (GBPUSD)

You should prepare yourself mentaly Brixen, Before Duchy posted his chart i had a second option, that correction i was trading did seem bit short, and i have seen this happen before, take the short out take the longs out then carry on correction, ...

DAX Futures December 2019