short again @ 10982 stop 10989

Carpe diem: Intraday tactics for Dax and Dow

manually closed @ 82 for -4

Carpe diem: Intraday tactics for Dax and Dow

Hi deltaone, I use a combination of Range Bars (2) and min charts. The Range Bars are used for entry triggers. I plotted your trades for this morning and all are great low risk entries. Each trade went at least +10points in profit. Will post my ...

Carpe diem: Intraday tactics for Dax and Dow

Thanks Islander and deltaone

Carpe diem: Intraday tactics for Dax and Dow

Sorry for the ignorance but what does BRN stand for?

Carpe diem: Intraday tactics for Dax and Dow

To Islander, Interesting how the majority of your entry signals coincide with a simple trendline break with the trend....... image As always, thank you for your posts.

Sonic R. System

Hi Islander, looking at your chart and your entry rules based on a close above the fast MA, why did you not take the buy signal highlighted on the chart below? image

Sonic R. System

Thanks Islander, much appreciated. Sakk

Sonic R. System

Hi Islander, When you say you sold the retest of the 00 level, did you use a limit order sitting at the 00 level or do you wait for price to reject the 00 level and enter on the first 1min downbar in which case the entry would be around 1.3197? ...

Sonic R. System

Nice trades on UJ just prior to major news. image

Make Money Everyday - A Guide to Short-Term Trading

Great example of price bouncing off levels. Nice +80 pips for that session. Great trading M, thanks for the chart.

Make Money Everyday - A Guide to Short-Term Trading

No, thank you for starting this thread! It's helped me simplify my approach.

Make Money Everyday - A Guide to Short-Term Trading

I have added this approach ontop of my existing system only recently. I will also let a trade run if price action dictates and not exit at the 12.5pips target. And yes if price runs strongly in one direction i will watch how price reacts around the ...

Make Money Everyday - A Guide to Short-Term Trading

Pretty simple, you enter into these trades all the time you just don't realise those levels just coincide with a 50% fib as well. See chart for simple example. I also find EJ more volatile and sloppy as opposed to EU and agree that 6 pips is at ...

Make Money Everyday - A Guide to Short-Term Trading

Ok after a lot more back testing I have found widening the stop and adding into a position at the next level (averaging into the position) is not much better overall. Few reasons: 1. number of trades increases, if using an ecn broker with ...

Make Money Everyday - A Guide to Short-Term Trading

Thanks for the reply, just going over your figures and I get a different result. Please see below. Yep It's actually 12.5 + 25.5 = 38 pips or 19 pips average for the two lots. The R:R is 1.5 After you add the 2nd position assuming you leave the ...

Make Money Everyday - A Guide to Short-Term Trading

Hi mongolian, Can you have a look at this chart of EU and mark up how you would have traded it? Blue arrows are shorts and the X means stopped out if using 6 pips stop. I have been thinking of entering with half position at the levels with another ...

Make Money Everyday - A Guide to Short-Term Trading

Hi Islander, today's play by play on your reasons for entry and exit are pure gold. A definitive reason/logic for every action! Your posts today actually cemented a couple important things I need to work on. Thanks.

Islander and Medici trade the European open

I can't trade the first few hours of the London Open due to timezone and my children being awake...lol. I have just logged on and saw that exact trade confirmation with UJ and the higher low on EJ. EJ was allso trading in the 50% - 61.8% fib zone ...

Islander and Medici trade the European open

Hi Islander, Great to see you back on this thread. Here's a trade from today, chart explains it all.

Islander and Medici trade the European open