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Attachments: Swing Trades DAX/DOW/NQ/GOLD
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Swing Trades DAX/DOW/NQ/GOLD

  • #3,861
  • Edited 4:33am Sep 11, 2019 4:08am | Edited 4:33am
DAX Short @ 380 @ +1.0% zone. (counter trade)
T1 +8p 3 lot
2 runners
T2 +10p 1 lot
1 runner
+10p locked in last lot
+15p locked in last lot RTH POC @ 355.Supp level
+20p locked in last lot
FLAT +20p last lot

Trgt 350 zone

DAX reached the Monthly Res. level on my IG CFD chart. See how that works out.
(DOW already there)
Attached Image (click to enlarge)
Click to Enlarge Name: DAX D .png Size: 50 KB
It's better to be out wishing to be in... than to be in wishing to be out!
  • #3,862
  • Sep 11, 2019 4:27am Sep 11, 2019 4:27am
The DAX is in a Long rally from aug 16 or so. One pull back only aug 24/25 (800 down to 500)

Price is very far away from my Swing MA lines and Ichi cloud. You may cal that (maybe) overbought.

At some point the price went to high and the MA lines start to pull on the price as an elastic tape is doing when stretched to much.
More Res to go higher/moving further away from the MA lines.

Still a N Weekly POC waiting @ 12.500/+2.0% zone. Could be a "final" target.
It's better to be out wishing to be in... than to be in wishing to be out!
  • #3,863
  • Sep 11, 2019 4:29am Sep 11, 2019 4:29am
DAX price now @ Todays ETH VWAP in the 350 (Support) zone

ETH POC @ 330
It's better to be out wishing to be in... than to be in wishing to be out!
  • #3,864
  • Edited 5:21am Sep 11, 2019 4:46am | Edited 5:21am
I'm still to much a scalper.

DAX started a (2nd) Long rally around 11.700 on Aug 28/29. 2 Weeks ago.

I still should have been in this trade with at least 1 CFD lot left.
There was no single reason to close my last CFD Swing lot(s) from 11.700 start
Price remained above the Ichi cloud and Swing MA lines and STILL IS!

Training isue/mind change point to work on.

Its hard to take some more distance from the fast (Future scalp) PA charts with a lot of noise.
Because of the PA noise on the fast charts I often close my Swing trades to early, based on the PA noise and not based on the Swing charts.

The Swing charts are much more relaxed to watch in general but do not work (very well) for scalping.
Attached Image (click to enlarge)
Click to Enlarge Name: DAX W.png Size: 88 KB
It's better to be out wishing to be in... than to be in wishing to be out!
  • #3,865
  • Sep 11, 2019 5:16am Sep 11, 2019 5:16am
Quoting Dutchy Daxy
I'm still to much a scalper. DAX started a (2nd) Long rally around 11.700 on Aug 28/29. I should have been in this trade with at least 1 CFD left. There was no single reason to close my last CFD Swing lot from 11.700 start Price remained above the Ichi cloud and Swing MA lines and STILL IS! Training isue/mind change point to work on. {image}
From my limited understanding, could this be because your exits are very predictive? ie. you seem to always be looking for a level or %
Speaking of which, despite grasping the basic logic of your approach, I still have no clue about your exact entry/exit triggers - other than your 3 stages and some kind of fixed TPs.....
  • #3,866
  • Sep 11, 2019 5:49am Sep 11, 2019 5:49am
Quoting Dutchy Daxy
I'm still to much a scalper...
Just an observation re your trading Dutchy - and something I've been thinking about recently anyway...
1. you seem to be killing it
2. you seem to trade longish hours
3. your win% and expectancy would be thru the roof
4. you seem to be trading smallish lot size (for someone who is as adept as yourself)
Now yes, we all grow up learning about risk mgmt and grow your acct slowly, etc, etc... but if I compare to some US equities scalpers I know, I sometimes wonder why we wouldn't just trade the open (say first hour or so) and simply size up, take a normal day's worth of profits and go play golf? lol
I know I certainly don't use much of my available margin... though this may change soon as IG Australia are potentially falling into line with European restrictions.
It certainly seems more sustainable long-term not to be tied to the screen for 6, 8, 10 hrs... as a scalper I know this to be true. You said yourself that scalping can be exhausting......... just a thought.

Btw what are IG's DAX margin rates over there currently?
  • #3,867
  • Sep 11, 2019 5:54am Sep 11, 2019 5:54am
Quoting Bud Fox
{quote} From my limited understanding, could this be because your exits are very predictive? ie. you seem to always be looking for a level or % Speaking of which, despite grasping the basic logic of your approach, I still have no clue about your exact entry/exit triggers - other than your 3 stages and some kind of fixed TPs.....

Never predictive. Predictions are killing in the markets. More a matter of experience where prices could stop or start to move.
During the Day the markets move between %% levels. I take my scalp trades between these %% levels and not without succes I think.

So, with scalping I use the %% levels calculated from the previous Day RTH close as start point and possible target of a scalp trade.
Condition for a "regular" scalp trade is the break out above/below the Ichi cloud.
Counter scalp trades I take often from the higher %% levels (1.0%/1.5%/2.0% positive or negative)


With Swing trading I have to ignore these Daily %% levels and Daily POC levels and focus (more) on the Weekly Market Profile levels.

Swing trades are based on/triggered by the crossing of the price over my Swing MA line(s).
The first "heads up signal" is the break out of the Ichi cloud.
Second signal/Buy/Sell trigger is the crossing of the price over my Swing MA line. Both Conditions/Algo's/Alerts green (or red) are for me a trigger to start a Swing trade.

2 different strategies: Scalp & Swing strategy which sometimes are conflicting on the chart ( and in my mind)

The only thing I do wrong is to focus to much on scalping, what influences my Swing trades (exit to early).
Swing trades exits should be based on the crossing of my Swing MA line again and nothing else
It's better to be out wishing to be in... than to be in wishing to be out!
  • #3,868
  • Sep 11, 2019 6:19am Sep 11, 2019 6:19am
This is DOW Swing chart with Ichimokou cloud and Swing MA lines.

Condition/Algo 1: price break out above/below the Ichi cloud. (Renko bars recolor on a Ichi cloud break out)
Bars turn into:
Green on a break out above the Ichi cloud
Grey inside the Ichi cloud. Waiting/congestion zone. Better no trading when the price is inside the cloud.
Red on a break out below the Ichi cloud

Condition/Algo 2: price cross over my Swing MA line. (red/green dotted MA line)

Initial SL opposite edge of the Ichi cloud.
After run up SL in the middle of the cloud zone and/or cross of the Swing MA line again.

No algebra.

The bars/bricks on this chart are 150p each. That's why I do Swing trading with CFDs.
Less risk. Close some lots on the way up (or down)

(yellow horzontal lines are Weekly POC levels)
Attached Image (click to enlarge)
Click to Enlarge Name: DOW W.png Size: 78 KB
It's better to be out wishing to be in... than to be in wishing to be out!
  • #3,869
  • Edited 7:05am Sep 11, 2019 6:50am | Edited 7:05am
Quoting Bud Fox
{quote} Just an observation re your trading Dutchy - and something I've been thinking about recently anyway... 1. you seem to be killing it 2. you seem to trade longish hours 3. your win% and expectancy would be thru the roof 4. you seem to be trading smallish lot size (for someone who is as adept as yourself) Now yes, we all grow up learning about risk mgmt and grow your acct slowly, etc, etc... but if I compare to some US equities scalpers I know, I sometimes wonder why we wouldn't just trade the open (say first hour or so) and simply size up,...

With DAX & E MINI Future scalping I trade 2 to 5 lots in general. More then enough risk there.
(new US E-MINI/MICROS more lots)

If I read that a huge %% of traders is losing money because they under estimate the presure/risk/margins/etc. I'm fine this way.
I never put my financial life under presure/risk.
That's how my business survived over the Years and how my trading will survive as long as I trade.

See it in perspective.
When I make +10/11p profit with 1 Future DAX lot, the are people here who have to live Daily from that little money.
I don't want to become one of them, because of reckless trading

I consider trading as a job/profession/a living and therefor I trade sometimes 5/6 Hrs and sometimes 8/10 Hrs yes. (always with breaks) Depends how the markets are and how the weather is overhere.
But indeed to make less screen Hrs I want to switch over to more Swing trading. Once in a Swing trade, I set a decent SL and go for a long walk (for a few Days or so).

Profitable Scalp trading requires (to many) screen Hrs.
Profitable Swing trading requires a few Days only.
Last (Trump Tweet) Year was so volitile, that I could make every Day Swing trades

IG DAX margin is +/- E650 (+/- AUSSIE $750/800 ???) 1 CFD cntrct. (5% margin of the market value)
In EU the ESMA or ESME restrictions working now.

There is a bypass to avoid these new higher margins, which I'm not allowed to tell here.
It's better to be out wishing to be in... than to be in wishing to be out!
  • #3,870
  • Edited 8:22am Sep 11, 2019 6:56am | Edited 8:22am
In the meantime I make my screen time profitable with a DAX long @ 362
Todays ETH VWAP is support. Bounced from there

T1 +14p 2 lot
1 runner/SL BE
FLAT BE last lot
Attached Image (click to enlarge)
Click to Enlarge Name: DAX D .png Size: 38 KB
It's better to be out wishing to be in... than to be in wishing to be out!
  • #3,871
  • Sep 11, 2019 7:03am Sep 11, 2019 7:03am
Attached Image
It's better to be out wishing to be in... than to be in wishing to be out!
  • #3,872
  • Sep 11, 2019 7:51am Sep 11, 2019 7:51am
Quoting Dutchy Daxy
{image}
What sad memories....a day, an afternoon impressed in my mind!
It seemed the end of the world!
I call upon my father's spirit , watching over me
  • #3,873
  • Sep 11, 2019 8:28am Sep 11, 2019 8:28am
Attached Image
It's better to be out wishing to be in... than to be in wishing to be out!
  • #3,874
  • Edited 8:58am Sep 11, 2019 8:39am | Edited 8:58am
DOW Long @ 921
T1 +22/23p 3 lot
2 runners
T2 +25/26p
1 runner/SL BE
+20p locked in last lot
FLAT +20p last lot. Down to the open and Dev RTH POC 935/940 now

DOW almost hit the 27K. Less a few points.

Trgt 27K?
27.040+0.50%

Current price @ +0.25%/970 now
See if it will be Supp level now


Also Swing CFD Long opened @ 910
T1 +75p 4 lot
2 runners left/SL BE



Attached Image (click to enlarge)
Click to Enlarge Name: DOW D RTH.png Size: 48 KB
It's better to be out wishing to be in... than to be in wishing to be out!
  • #3,875
  • Sep 11, 2019 8:51am Sep 11, 2019 8:51am
Dutchy - thx for your replies, I will need to read them properly in the morning.
I've taken the evening off to watch the basketball World Cup... half time in the Australia game now
  • #3,876
  • Sep 11, 2019 9:00am Sep 11, 2019 9:00am
Quoting Bud Fox
Dutchy - thx for your replies, I will need to read them properly in the morning. I've taken the evening off to watch the basketball World Cup... half time in the Australia game now
Enjoy and a Good Night Down Under
It's better to be out wishing to be in... than to be in wishing to be out!
  • #3,877
  • Sep 11, 2019 9:07am Sep 11, 2019 9:07am
Quoting Dutchy Daxy
DOW Long @ 921 T1 +22/23p 3 lot 2 runners T2 +25/26p 1 runner/SL BE +20p locked in last lot FLAT +20p last lot. Down to the open and Dev RTH POC 935/940 now DOW almost hit the 27K. Less a few points. Trgt 27K? 27.040+0.50% Current price @ +0.25%/970 now See if it will be Supp level now Also Swing CFD Long opened @ 910 T1 +75p 4 lot 2 runners left/SL BE {image}
I will try Longs again above RTH POC @ 940/950 zone (or maybe @ -0.25%/840/820 @ Y RTH POC zone if the price gets there agaiin)

Price above W Dev POC and above all my MA lines/Clous, so to strong for Shorts now
It's better to be out wishing to be in... than to be in wishing to be out!
  • #3,878
  • Edited 9:40am Sep 11, 2019 9:15am | Edited 9:40am
Quoting Dutchy Daxy
{quote} I will try Longs again above RTH POC @ 940/950 zone (or maybe @ -0.25%/840/820 @ Y RTH POC zone if the price gets there agaiin) Price above W Dev POC and above all my MA lines/Clous, so to strong for Shorts now
DOW Long @ 945 again above Dev RTH POC & open
T1 +10p 1 lot
1 runner/SL -10p
SL BE now
It's better to be out wishing to be in... than to be in wishing to be out!
  • #3,879
  • Sep 11, 2019 9:21am Sep 11, 2019 9:21am
Quoting Dutchy Daxy
{quote} DOW Long @ 945 again above Dev RTH POC & open T1 +10p 1 lot 1 runner/SL -10p
Hey DD, is there any reason you took smaller position size for the last YM long, despite all technicals aligned for an upmove?

cheers,
  • #3,880
  • Sep 11, 2019 9:24am Sep 11, 2019 9:24am
Trump is angry again

Quoting Dutchy Daxy
{image}
Attached Image
It's better to be out wishing to be in... than to be in wishing to be out!
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