Swing Trades DAX/DOW/NQ/GOLD

RUSSEL Long last 2 lot 1915.2
Closed +48p last 2 lot

YM Long 34.300 2 lot
Closed +35p 2 lot

MYM Long 34.302 last 4 lot
T2 +35p 2 lot
2 Left. SL BE

Target 34.400>>450

ES Long 2 lot 4456.75
T1 +3p 1 lot
1 left SL BE
Closed +3.5p last lot
(stupid close. To early/hindsight)

Still 2 MES lot running from 4455 SL BE
Target 4470/4475

FDXM Long 15.896
T1 +15/16p 2 lot
1 left SL BE

15.950<>16.000 is around the 50% rebound zone of the last week pull back/drop/plunge

Last few days the RUSSEL was the leader. Today the DOW is the winner

Tomorrows US CPI numbers can change the markets in whatever direction


The consensus among economists is that inflation in the US fell dramatically last month. But that might not be enough to convince the Fed to desist from a rate hike later this month. The forecast also sees core inflation remaining high. There is a near-unanimous consensus that the FOMC will vote to raise rates one more time at the July meeting

Target reached

34.500 BRN almost hit

MES closed +16p last 2 lot at trgt

FDXM closed +29p last lot

NQ is waking up from its little depression, but still in a sideways zone.

Needs a Break Out from here to whatever direction

Closed +15p last lot

DAX reached the 50% zone of last week drop.

Maybe a pull back first to 15.800 zone before it makes a new leg up

Up targets:
16.000/050
Next 16.200/225

Waiting for todays US CPI numbers.
They can make or break the markets again.

Fed's Williams Says Central Bank Is Not Done With Rate Rises

Just a reminder (for myself as well)

5 MINDSET BIASES THAT ARE DESTROYING YOUR TRADING

HINDSIGHT BIAS
In trading, the hindsight bias often leads traders to change their trading systems and alter their trading rules after a recent loss or when they have missed a great trading opportunity.
Changing trading rules based on just a single trade event is bad practice. Changing trading rules must be done based on a large enough data set (typically around 30 or more trades) and a change has to first be validated by a backtest.

GAMBLER'S FALLACY
People tend to believe that past events can influence future outcomes in situations that are, in fact, completely random.
In trading, traders believe that after 5 losses in a row, they are overdue for a winning trade. However, your next trade is independent of the one before, and realizing a winning trade does not suddenly have a higher (or lower) chance.

LOSS AVERSION BIAS
Losses are twice as powerful, psychologically, as gains. Simply put, the pain of losing is psychologically about twice as powerful as the pleasure of winning.
This bias can lead traders to hold onto losing trades for too long in the hope that they will bounce back, or to exit winning trades too early to lock in gains.

CONFIRMATION BIAS
Confirmation bias refers to the tendency to favor, interpret, and remember information in a way that confirms our preexisting beliefs or hypotheses, while simultaneously ignoring or disregarding information that contradicts them.
This bias can lead to poor trading decisions, as the trader is not accurately considering all available and potentially relevant information.

OSTRICH BIAS
Ostrich bias is when traders ignore negative information, similar to an ostrich burying its head in the sand.
Traders do not stick to their trading plan and do not act even though their trade is going against them, turning into a much larger loss, and they should have closed the trade long ago.
Deviating from your tested trading rules is always a bad decision and will inevitably lead to inconsistencies and bad trading results.

Overcoming these biases requires awareness and discipline.

Full article:
https://tradeciety.com/5-mindset-biases-that-are-destroying-your-trading

FDXM Long re entry 15.929 last lot
T1 +15p 2 lot
1 left SL BE

Closed +22p last lot

MNQ Long 15.278
Last lot left for.......................15.350<>375 zone

NQ Long 15.275
2 lot closed +15p

YM 4 lot from 34.497 (3th re entry in the up rally)
T1 +28p 3 lot
1 left. Target 34.600<>650

RUSSEL last 2 lot from 1932.7 (3th re entry in the up rally)
Target 11950/60

NQ Long 15.277.50 re entry
T1 +16p 1 lot
1 left +15p locked in now

MNQ Long 15.290
Last 2 lot for 15.350/75 zone

Markets hope for CPI decline and good Q2 earnings.

DAX Swing target almost reached at 16.040/050 DR2/+1.0%/close July 05 (from 15.895)

Closed +122p last 2 FDXS lots

DAX @ 16.000 zone BRN

DOW @ 34.500 BRN

SnP @ 44.83 zone and heading for 4500

NQ @ 15.300. Maybe tries to reach 15.500 zone

RUSSEL targets
1950
1970 M PP
2000 (long term target)

MYM at last week high 34.675 zone. (+165p last 2 lot so far)
Closed +138p last 2 lots

Once broken maybe up to 34.900<>35.000

YM closed +165p 1 lot only
RUSSEL at 1950 target. (+130p so far last 2 lot
Next 1960<>1970 Key PP levels
Closed +135p last 2 lot at 1950 zone

Target MES 4525 WR2 last MES lot
MES closed +25p last lot

ES closed +24p 1 lot only