Yes, don't even attempt to trade the Dow unless you know how it moves, you will get burned. Can't see new lows today now on either Dax or Dow, support held well. Dow should go higher now if it can get above this 5m 200ema, perhaps to 120-160is, but ...

Dax - Daily analysis and Discussion

You also don't need me to tell you that you need a much bigger SL for the Dow, so minimum 30 if entering on just a 1m tf, as opposed to the Dax which requires normally a minimum of 15 pips. Dow just rallied 180 pips from the low, which demonstrates ...

Dax - Daily analysis and Discussion

For all those not too familiar with the Dow, big pips can be made trading it, but often technicals go out of the window as it has a habit of rallying hard out of nowhere, especially of late, so be careful.

Dax - Daily analysis and Discussion

Hanging on by the skin of their teeth aren't they, but on the weekly, both Dax and Dow have a lot further to fall. Any pull back now is likely to be only temporary.

Dax - Daily analysis and Discussion

Oh I do, not always , but often.

Dax - Daily analysis and Discussion

Dow double bottomed, but can it hold?

Dax - Daily analysis and Discussion

I've got Dax entering a support zone now at around 350-336, but watch Dow, because if that breaks yesterday's low, these markets could tumble some more.

Dax - Daily analysis and Discussion

If you look at my page, you'll see that I'm a bit of a serial thread starter! But why do I start a thread, any thread in the first place? Is it because I think it might help people to become better traders? No, it is not. It is because ...

If you haven't made it yet, what makes you think you will?

I would say true to a point. Driving a car is simple, but tell that to the person who is sitting in one for the first time. Yes, we do all tend to over-complicate things, in life as well as in trading, it is the human way. Trading is simple when ...

If you haven't made it yet, what makes you think you will?

Remember though, any book or video can only make us conscious of what we need to be doing to keep bagging those pips day in day out. It is the doing that is the hard part, because we cannot rewire ourselves overnight - it takes time.

If you haven't made it yet, what makes you think you will?

You're welcome aaven!

If you haven't made it yet, what makes you think you will?

Yeah great book, great man RIP. Check his interview as well on youtube, that is also really good.

If you haven't made it yet, what makes you think you will?

I hope Seneca pilot won't mind if I post a quote of his here, because I read it quite a few years ago on one of his threads, and it is still one of the best pieces of information for all traders I have come across on ff. " First truth. The trader ...

If you haven't made it yet, what makes you think you will?

I will not say anything about Senecapilots post above as it is not the way I view the market or how I trade, which is fine as we all approach the markets differently, but thanks to all of you for contributing to this thread. I do rely on indicators, ...

If you haven't made it yet, what makes you think you will?

Just to reply to the title of this thread, and I have not read any of the comments, but this may help some people out there as I am a purely observational trader, meaning I trade only what I see. ' How to properly use indicators ' is a bit like ...

How to properly use indicators

You're welcome. Glad you like it. It fizzled out a year or so ago, so nice to see someone take an interest in it again.

If you haven't made it yet, what makes you think you will?

Perfect attitude...a trader who realizes that achieving success is a process which does not come by way of some magic formula or strategy, it comes with time, experience, and a great deal of self-discovery. I wish you every success patterncode

If you haven't made it yet, what makes you think you will?

If Dax can get above where it is right now ( 595 ) I've got potentially strong resistance on today's R1 @ 624, and above that around R2 @671.

Dax - Daily analysis and Discussion

Horrible pa, but I'm bullish today up to around 607-620. Support so far, both yesterday and continuing today, has been my H1 100sma. I should add that's if the 15/20m 200sma moving average which has come over the top to act as resistance ( 580 on ...

Dax - Daily analysis and Discussion

and for those wanting more information on those resistance levels today, that combination of the 100 and 200sma on the 10m tf is always going to provide very strong resistance coming over the top of the price like that. If you're on the 30m tf, then ...

Dax - Daily analysis and Discussion