Well done. I also managed to catch the move but i had few losses in the range before it. Did you trade the range just before the drop?

Carpe diem: Intraday tactics for Dax and Dow

Thanks for the advise. I will look into it.

Carpe diem: Intraday tactics for Dax and Dow

You’ve just highlighted the main issue most unsuccessful traders have. How to tame emotions, when the stakes are very high. And as you said judgement will be clouded and all rules we have for a particular trade will go out of the window. Typical ...

Carpe diem: Intraday tactics for Dax and Dow

Thanks for your explanation. It makes a lot of sense. I like your style where you take small profits with frequent re-entries and after reaching your profit goal for the day you take time off. Good call on the up move. I was hesitant and too slow to ...

Carpe diem: Intraday tactics for Dax and Dow

Just out of interest what is your average stop loss per trade?

Carpe diem: Intraday tactics for Dax and Dow

Good attitude. I think a lot of traders share your experience. Including me. However, I am trying to be more systematic with my approach. Unfortunately emotions are very powerful. Any tips on how to handle emotions will be welcomed.

Carpe diem: Intraday tactics for Dax and Dow

What made you enter a long position. Was it your system or hunch? Just curious. I keep making similar mistakes.

Carpe diem: Intraday tactics for Dax and Dow

Entered a buy position at around 8870 today followed by 8850 and 8835. What made you enter a long position. Was it your system or hunch? Just curious. I keep making similar mistakes.

Carpe diem: Intraday tactics for Dax and Dow

Thanks for the info.

Carpe diem: Intraday tactics for Dax and Dow

You're welcome. Glad that you like it.

Simple 5 / 8 moving average crossover

Sure.

Simple 5 / 8 moving average crossover

Hi Danc, Nicely done. What are the MA's that you use?

Carpe diem: Intraday tactics for Dax and Dow

I've noticed that you use daily charts. How long do you hold your trades for?

Simple 5 / 8 moving average crossover

Thank you. I appreciate your answer.

Simple 5 / 8 moving average crossover

Here is an excellent example of what happens when you don't follow the strategy, switch to shorter time frame(M1), get impulsive and let your ego determine what is the trend instead following the MA's system. Do not try at home. LOL PS Any advice on ...

Simple 5 / 8 moving average crossover

Can you please expand a little bit on your Strict money management. Thanks

Simple 5 / 8 moving average crossover

Here are the instructions for the CutePDF. Just in case you need it in the future. Thanks for your trading journal template.

Simple 5 / 8 moving average crossover

Well done. I've also made a small profit on the DAX. Exited too early as I always do. You can print the Word document as a PDF and post it. I use a free PDF converter called CuePDF.

Simple 5 / 8 moving average crossover

Hi Peter, Thanks again for your thorough explanation of your strategy. I have to sit down and re-read your posts a few times to properly digest the information you have given us. It's a simple system but as you said "there are still many other ...

Simple 5 / 8 moving average crossover

I've attached an MA crossover alert indicator, which somebody created for me. Might be of use to some of you.

Simple 5 / 8 moving average crossover