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Swing Trades DAX/DOW/NQ/GOLD

  • #3,901
  • Edited 4:28am Sep 12, 2019 2:37am | Edited 4:28am
Quoting Bud Fox
{quote} That was my next question! You have a daily points goal? Or $? This is something I've grappled with for a long time, whether to continue on a profitable day and risk giving it back. Long-term state of mind is imperative to manage...
No Daily goal. But on a Day like this you shouldn't risk your early gained profits to much, on the begin of a difficult Day.
When I'm on the screens and I see a good set up, which fits in my Strategy/Algo's, I just take it, weather I reached my Daily goal or not.

All your Questios answered the best as I could.

You have reached your Monthly Q limit now. October you may start asking Q again
https://www.forexfactory.com/showthr...1#post12497851
It's better to be out wishing to be in... than to be in wishing to be out!
  • #3,902
  • Sep 12, 2019 4:02am Sep 12, 2019 4:02am
Good Morning DD - you have the patience of a saint, answering so many questions whilst trading and posting

Knowing that you do use the odd time based chart I'm posting a comment that - IMO - the M 1 chart is relevant to trading the Dow & Dax in that it allows for time based historical analysis that helps us work out the more active / volatile
times of the day and thus better organise our day so as to be in front of our screens during such times, or to take a break if we are trading for long periods

Also, whilst I note your comment about a flat market filling up an M1 chart with masses of similar priced candles, seeing small ranging M1 candles as around 05:00 on the attached chart tells the time based trader to set some alerts and take a break from the screen.

My use of your % moves are placed on my M5 chart which is reminding me that Dow's ATH is less than 1% away from yesterday's close - a nice target for later!

Best Regards
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Trading Levels with WRBs
  • #3,903
  • Sep 12, 2019 4:21am Sep 12, 2019 4:21am
Quoting Islander
Good Morning DD - you have the patience of a saint, answering so many questions whilst trading and posting Knowing that you do use the odd time based chart I'm posting a comment that - IMO - the M 1 chart is relevant to trading the Dow & Dax in that it allows for time based historical analysis that helps us work out the more active / volatile times of the day and thus better organise our day so as to be in front of our screens during such times, or to take a break if we are trading for long periods Also, whilst I note your comment...
Hi Islander,

Tnx for your post.

As posted yesterday I also watch Minute charts on IG CDF platform. (you probebly missed that)
The fastes chart I use is a 15 Min chart.

You are right with an M1 chart with masses of similar priced candles, seeing small ranging M1 candles.
But I see that on my small sized Renko brick chart as well.
A flat sideways market doesn't plot a new Renko brick. It starts plotting when a real PA starts again. But not time based as on Minute charts indeed.

In general I know the Daily periods when there is not much to trade. I take my breaks then.

M1/M5 is more for scalping IMHO and that is just what I want to reduce. I want to focus more on Swing trading instead of scalping. These fast charts make me nervous and distract me to much from the bigger picture.

But everybody develops its own trading style. As long as it is profitable and as long as it works good for you (I think/hope) it's fine.

I grew up with M1/M5 scalp charts in trading life and I just want to change that a little. Thats a hard job, once scalping is in a mens mind
It's better to be out wishing to be in... than to be in wishing to be out!
  • #3,904
  • Sep 12, 2019 5:35am Sep 12, 2019 5:35am
Quoting Dutchy Daxy
{quote} All your Questions answered the best as I could. You have reached your Monthly Q limit now. October you may start asking Q again https://www.forexfactory.com/showthr...1#post12497851
All good, much appreciated. Some valuable information there...
  • #3,905
  • Edited 6:58am Sep 12, 2019 6:48am | Edited 6:58am
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  1. The central bank’s quantitative easing program will entail 20 billion euros per month of asset purchases for as long as it deems necessary.
  2. Markets had widely expected some form of stimulus package, though hawks within the European Central Bank (ECB) Governing Council had moved in recent weeks to downplay the scale of the impending measures.

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  • #3,906
  • Sep 12, 2019 7:10am Sep 12, 2019 7:10am
DAX closed the Tuesday<>Wednesday Daily GAP with the ECB spike down and closed the Sept 10 GAP
Back in its Opening Range again

Waiting for the ECB Press Conf now
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  • #3,907
  • Sep 12, 2019 7:38am Sep 12, 2019 7:38am
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  • #3,908
  • Edited 7:55am Sep 12, 2019 7:39am | Edited 7:55am
DAX Long 422 on top of ETH POC/above +0.5%
T1 +11/12p 2 lot
3 runners
1 exit +12/13p
2 left
T2 +32p
1 runner left/ @ 450 level now
+30p locked in
FLAT +30p last lot

Trgts
475/+1.0% Hit
510 N Weekly POC July
540/+1.5%

Can go anywere during the Press Conf.

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  • #3,909
  • Sep 12, 2019 8:07am Sep 12, 2019 8:07am
Seems like population growth is directly related to the global economy's growth. The theory might be right, since Japan was the first country to experiment with negative interest rates, specially as its population stopped growing. However, this does not necessarily have an impact on the stock market, because the market is a fake (synthetic) mechanism, and governments can keep printing money (just like Japan's Nikkei), to pump up those artificial prices although they are disconnected from reality.

Inserted Video
  • #3,910
  • Edited 8:26am Sep 12, 2019 8:11am | Edited 8:26am
Quoting shh
Seems like population growth is directly related to the global economy's growth. The theory might be right, since Japan was the first country to experiment with negative interest rates, specially as its population stopped growing. However, this does not necessarily have an impact on the stock market, because the market is a fake (synthetic) mechanism, and governments can keep printing money (just like Japan's Nikkei), to pump up those artificial prices although they are disconnected from reality. https://www.youtube.com/watch?v=KhSJeiAcsmM...
Monopoly for Politicians and Bankers.

I read that banks will be compensated for losses by the ECB because of negative intrest rates.
Pension funds will not be compensated, what means that pensions are gone cut here (again). Retired people will receive less pension every Month soon.

Not confirmed yet.
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  • #3,911
  • Sep 12, 2019 8:30am Sep 12, 2019 8:30am
Quoting Dutchy Daxy
{quote} Monopoly for Politicians and Bankers. I read that banks will be compensated for losses by the ECB because of negative intrest rates. Pension funds will not be compensated, what means that pensions are gone cut here (again). Retired people will receive less pension every Month soon. Not confirmed yet. {image}
"They introduced a system of bad money, which allowed them to run deficits, to pursue nonsensical policies for so long that first the social fabric of nations were destroyed, and then they tried to export that doctrine globally....But the result is that is going to destroy the population" around Minute 19
  • #3,912
  • Sep 12, 2019 8:43am Sep 12, 2019 8:43am
DOW Sh @ 167

T1 +15/16p 3 lot
2 runners
1 exit +10p
1 left/SL BE
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  • #3,913
  • Sep 12, 2019 8:44am Sep 12, 2019 8:44am
DAX SH 368

T1 +30p 3 lot
2 runners
T2 +42/43p
1 runner
+30p locked

FLAT +33/34p @ -0.25% zone

@ -0.25% now
Trgt 300/280

Attached Image (click to enlarge)
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  • #3,914
  • Sep 12, 2019 8:53am Sep 12, 2019 8:53am
Quoting Dutchy Daxy
DOW Sh @ 167 T1 +15/16p 3 lot 2 runners 1 exit +10p 1 left/SL BE {image}
DOW closed Y GAP @ 135

FLAT +40/41p last lot DOW

Trgt 27.050/-0.25%
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  • #3,915
  • Edited 9:50am Sep 12, 2019 9:03am | Edited 9:50am
Likely NO DAX trades anymore Today.
Only Long above /425 TPO peak and previous POC level
Short below 325/ETH POC. (ETH POC moved down to 325 zone )
Alerts set


DOW & RUSSEL only

DOW
Long above 200
Short below 100
Between scalping
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  • #3,916
  • Sep 12, 2019 9:11am Sep 12, 2019 9:11am
DOW Long 225

T1 +20/22p
1 runner
FLAT BE last lot
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  • #3,917
  • Sep 12, 2019 9:12am Sep 12, 2019 9:12am
RUSSEL

FLAT +100/102p @ +0.50% last lot
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  • #3,918
  • Sep 12, 2019 9:16am Sep 12, 2019 9:16am
DOW LOng again @ 249
T1 +35/36p 3 lot
2 runners left
1 exit +20p
1 left/SL BE
FLT BE last lot
Attached Image (click to enlarge)
Click to Enlarge Name: DOW D ETH.png Size: 41 KB
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  • #3,919
  • Sep 12, 2019 9:22am Sep 12, 2019 9:22am
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  • #3,920
  • Sep 12, 2019 9:31am Sep 12, 2019 9:31am
DAX @ ETH POC zone. Maybe H&S pattern. Still very Bullish so little change I think

DOW @ +0.50% far above ETH POC, but sideways now

RUSSEL @ RTH/ETH POC. Sideways now
Attached Image (click to enlarge)
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