PS: I've added the MT4-LevelStop-Reverse-v2.mq4 indi to the first post, which is the new purple ATR line in if anyone wants to experiment with it.

Trading DAX with TMA Slope

Given all of that and the M1 going negative with M15 still negative I'm going to take a punch at it. Two Shorts opened. M1 Chart.

Trading DAX with TMA Slope

H4 we are up against Resistance, M15 Resistance is Holding, M5 Consolidation trying to turn into Resistance and M1 showing resistance. I'm looking for a Short oppotunity. H4 chart below.

Trading DAX with TMA Slope

Damn, I covered it and it closed out for about a Dollar! Anyway seems to be confusion over Draghi. His speech has been published, so this run up is due to that. I'm looking to see if the market resumes down now as there was nothing much to ...

Trading DAX with TMA Slope

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Trading DAX with TMA Slope

I often switch TFs depending on what is happening. I'll try post the days results. Perhaps if I can spot a goodie I'll post it....

Trading DAX with TMA Slope

My apologies Hammad. I went long. I think I'll only post one trade here per day although sometimes I get a few in... Hope that's OK?

Trading DAX with TMA Slope

SL's closed and Took Profit (TP)

Trading DAX with TMA Slope

In 30mins Draghi speaks and normally talks the DAX up, so I'm tightening SL's again. M1 Chart. Rather take the profits...

Trading DAX with TMA Slope

It seems the GBP news events are in favour for DAX to continue lower.

Trading DAX with TMA Slope

Using M1 to trail stops as news events are coming up. this way I can protect some profits...

Trading DAX with TMA Slope

Covered both positions as SL = BE

Trading DAX with TMA Slope

Tightened SL's

Trading DAX with TMA Slope

Great! The system works well when news is not affecting, but today GBP news at 10:30 and Draghi speaking at 11:00 (my times), and then it is always nice to have your trades covered by Break Even with your Stop Loss if you are in profit. Better to ...

Trading DAX with TMA Slope

Added a Short

Trading DAX with TMA Slope

Went Short

Trading DAX with TMA Slope

Went Long on the break, SL = BE, M5 and M1 are positive numbers.

Trading DAX with TMA Slope

Did you get out before the reversal?

Trading DAX with TMA Slope

Decided to close both positions as too risky and I don't lose. I think this channel mat trade back an forth for some time, So perhaps scalping M1 and watching for a break?

Trading DAX with TMA Slope

One position is at least covered...

Trading DAX with TMA Slope