Attachments: Swing Trades DAX/DOW/NQ/GOLD

Swing Trades DAX/DOW/NQ/GOLD

#3,941
Edited 2:07am Sep 13, 2019 12:58am | Edited 2:07am

Dutchy Daxy
Joined Jul 2012 | Status: Trader | 31,792 Posts

Quoting shh

Disliked

Hi DD, How can we judge that a zone (for example 0.50% above Y close) will hold and price will reverse around it, OR the price will cut through the zone and not respect it? Sorry, I know it is a generic question and screen time and experience matters alot, but I was wondering if there are some other clues that can improve our judgement. Cheers,

Ignored

You can't tell if the price will cross or not. The market will tell. Has to do with many factors, such as news/Tweets/rumors/roll over/etc. So there are no real clues. Nobody can predict where the market will go to/reverse/stall/etc.

I see the 0.25% & 0.50% as first test levels. Market is waiting for Buyers/Sellers to cross these levels and pop/drop to 1.0% & 1.5% levels or more......

I take only in rare occasions a counter trade on the 0.50%.
Counter trades I try to take on 1.0% & 1.5% & 2.0%. The higher/greater %% reached, the more change on a pull back to a smaller/previous %% level or POC level or TPO pocket.
Not statistical proven. Just experience.

It's better to be out wishing to be in... than to be in wishing to be out!

#3,942
Sep 13, 2019 1:04am Sep 13, 2019 1:04am

Dutchy Daxy
Joined Jul 2012 | Status: Trader | 31,792 Posts

Quoting Dutchy Daxy

Disliked

DAX still far away from its rec high First target to reach/cross and hold is the 12.500/550 zone. 1st Wk July W POC zone. Once broken and holding the road to 13K is open again {image} {image}

Ignored

DAX needs to break out above 12.450 or below 12.350 zone. Between some scalps only

Attached Images

It's better to be out wishing to be in... than to be in wishing to be out!

#3,943
Sep 13, 2019 1:09am Sep 13, 2019 1:09am

Dutchy Daxy
Joined Jul 2012 | Status: Trader | 31,792 Posts

A crazy last 24 hours has put the market inches away from a record: Here’s what happened

Wednesday evening, President Trump tweeted he would be delaying a portion of the China tariffs as a goodwill gesture.
Then on Thursday morning the European Central Bank (ECB) announced a major bond-buying program to spur the region’s economy.
A tame inflation reading Thursday morning cleared the way for the Federal Reserve to cut interest rates next week.
Both the Dow and S&P 500 entered trading on Thursday just below all-time highs set in July and were last hovering less than 1% from records the session.

https://www.cnbc.com/2019/09/12/here...-12-hours.html

It's better to be out wishing to be in... than to be in wishing to be out!

#3,944
Sep 13, 2019 2:21am Sep 13, 2019 2:21am

Dutchy Daxy
Joined Jul 2012 | Status: Trader | 31,792 Posts

DAX is digesting Draghi's last Bazooka shot.
Waiting for US roll overs and DAX roll over (next Week)

Next Week FED

It's better to be out wishing to be in... than to be in wishing to be out!

#3,945
Edited 4:51am Sep 13, 2019 2:26am | Edited 4:51am

Dutchy Daxy
Joined Jul 2012 | Status: Trader | 31,792 Posts

I try a DAX Long @ 422.
T1 +11p 2 lot
2 runners
1 lot closed +5p
1 runner/SL BE zone

Trgt +0.25% @ 450

Very slow market now.

It's better to be out wishing to be in... than to be in wishing to be out!

#3,946
Edited 3:51am Sep 13, 2019 2:28am | Edited 3:51am

Dutchy Daxy
Joined Jul 2012 | Status: Trader | 31,792 Posts

DOW Long @ 255 (new Dec cntrt) @ +0.25%

T1 +11p
T2 +19p 2 lot
2 runners
1 lot closed +10p
1 runner/SL BE
FLAT BE last lot

Attached Image (click to enlarge)

Click to Enlarge

Name: DOW D RTH.png
Size: 42 KB

It's better to be out wishing to be in... than to be in wishing to be out!

#3,947
Sep 13, 2019 2:56am Sep 13, 2019 2:56am

Bud Fox
| Joined Sep 2009 | Status: Money Never Sleeps | 40 Posts

Dutchy - I'm having trouble determining the actual DAX trading hours for calculating RTH/CashClose/ETH, especially with the TZ diff.... can you enlighten me what they currently are based on which TZ - ie. what you're using? Thx

#3,948
Edited 3:12am Sep 13, 2019 2:59am | Edited 3:12am

Dutchy Daxy
Joined Jul 2012 | Status: Trader | 31,792 Posts

Quoting Bud Fox

Disliked

Dutchy - I'm having trouble determining the actual DAX trading hours for calculating RTH/CashClose/ETH, especially with the TZ diff.... can you enlighten me what they currently are based on which TZ - ie. what you're using? Thx

Ignored

The RTH DAX open was exact 1 Hr ago

Add 8.5 Hrs to the RTH open and you have the close. (7.5 Hrs from now)

In Ninja there are pre set Session templates.

DAX ETH started 9 Hrs ago and ETH will close 12 Hrs from now (at the same time as US Cash/RTH close)

It's better to be out wishing to be in... than to be in wishing to be out!

#3,949
Sep 13, 2019 3:29am Sep 13, 2019 3:29am

Islander
Joined Jan 2007 | Status: Trader | 11,838 Posts

Quoting Bud Fox

Disliked

Dutchy - I'm having trouble determining the actual DAX trading hours for calculating RTH/CashClose/ETH, especially with the TZ diff.... can you enlighten me what they currently are based on which TZ - ie. what you're using? Thx

Ignored

Hi Bud - if you use MT 4 I have an indicator that places Opening & Closing times on your chart

Trading Levels with WRBs

#3,950
Sep 13, 2019 4:09am Sep 13, 2019 4:09am

Bud Fox
| Joined Sep 2009 | Status: Money Never Sleeps | 40 Posts

Quoting Islander

Disliked

{quote} Hi Bud - if you use MT 4 I have an indicator that places Opening & Closing times on your chart

Ignored

Thanks guys, determining the true close was the issue, since I'm not up and IG is kinda vague.
Not an MT4 user but cheers Islander.
DD: do you ever look to prev day's H/L/C as part of ur levels?

#3,951
Edited 5:17am Sep 13, 2019 4:50am | Edited 5:17am

Dutchy Daxy
Joined Jul 2012 | Status: Trader | 31,792 Posts

Quoting Bud Fox

Disliked

{quote} Thanks guys, determining the true close was the issue, since I'm not up and IG is kinda vague. Not an MT4 user but cheers Islander. DD: do you ever look to prev day's H/L/C as part of ur levels?

Ignored

All these levels are shown on the MP/TPO program

H/L/Close. RTH & ETH

Previous Day closes are not that intresting for me. I have dozens of "unclosed GAPs" on my chart. Up & Below. Means nothing.
More intresting are the GAPs between RTH Daily H<>L

It's better to be out wishing to be in... than to be in wishing to be out!

#3,952
Edited 6:09am Sep 13, 2019 4:54am | Edited 6:09am

Dutchy Daxy
Joined Jul 2012 | Status: Trader | 31,792 Posts

Quoting Dutchy Daxy

Disliked

I try a DAX Long @ 422. T1 +11p 2 lot 2 runners 1 lot closed +5p 1 runner/SL BE zone Trgt +0.25% @ 450 Very slow market now.

Ignored

DAX starts to move above +0.25%
Next trgt 480/+0.50%

Added few lots above +0.25% @ 452
Closed extra lots +15/16p

1 init. runner left
40p locked in last lot. Close to +0.5% now
FLAT +40p last lot

Few (last) CFDs running from the same FUT. 420 entry spot.
Trgt 500<>540/+1.0% (or exit @ BE)
1 lot closed +65/66p
1 runner left. 12.500 maybe hard to cross??

https://www.forexfactory.com/showthr...7#post12500617

It's better to be out wishing to be in... than to be in wishing to be out!

#3,953
Edited 7:17am Sep 13, 2019 6:00am | Edited 7:17am

Dutchy Daxy
Joined Jul 2012 | Status: Trader | 31,792 Posts

DAX @ +0.5% now
Next trgt +1.0% @ 540 (+3.0% from last Friday close)

DOW starts to move a little as well. Roll over taking place. I trade the new Dec cntrt

DOW Long @ 289
T1 +15p 3 lot
2 runners/SL BE
1 lot closed +5/6p
1 lot left/SL -5p
FLAT -5p last lot

Price remains @ Y RTH high/300 so far

Trgt +0.5% @ 320 zone
Next 350

Attached Image (click to enlarge)

Click to Enlarge

Name: DOW D RTH.png
Size: 40 KB

It's better to be out wishing to be in... than to be in wishing to be out!

#3,954
Sep 13, 2019 8:28am Sep 13, 2019 8:28am

Dutchy Daxy
Joined Jul 2012 | Status: Trader | 31,792 Posts

Markets are very slow and due to roll over even more "unpredictabel" then usual.

Light US trading. Probebly no DAX trades anymore.

I think my Weekend will start soon.........