DWZ gave a long bias for this morning's DAX Open...
Daily Forex Trading
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- LeMercenaire
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- LeMercenaire
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Re: Daily Forex Trading
Nearly there.
Not a short in sight today...well, I tell a lie. There's been one. I have a stubborn and contrarian personality
Not a short in sight today...well, I tell a lie. There's been one. I have a stubborn and contrarian personality
- LeMercenaire
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Re: Daily Forex Trading
Took another quickie off the back of this - and Bazinga!!! There ya' go...
- achooblessyou
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Re: Daily Forex Trading
Opened YM this AM and saw a bounce off of 800 took the short when it closed below the line and then took a small long when it closed above the line.
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- achooblessyou
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Re: Daily Forex Trading
Decided to paint on some DWZ and see what I can with it:) took a scalp at the 5 min close below the daily open... Honestly don't know how I feel about trading with the volume nodes and such, I feel like I get just as much info out of it looking at structures and horiz lines
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- LeMercenaire
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Re: Daily Forex Trading
achooblessyou wrote:Decided to paint on some DWZ and see what I can with it:) took a scalp at the 5 min close below the daily open... Honestly don't know how I feel about trading with the volume nodes and such, I feel like I get just as much info out of it looking at structures and horiz lines
I just feel that certainly when scalping, you do all the groundwork pre-off, so you get your directional bias and your S+D or whatever (and you can obviously keep an eye on any major updates to that on the higher tf) but once you get down to it, it's all about gut, instinct and experience (and experience with the pair particularly) and all that other stuff is a layer that gets in the way. For me, it would be more natural to use it on the higher time-frames.
- LeMercenaire
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Re: Daily Forex Trading
I almost didn't go in on the 500-Flip, as I was faced with a Doji but as price hung around up there, I figured it may be worth a play for a short. I didn't want to be in there short too long, however, as price was way above yesterday's High, the Daily and Weekly Opens.
I was going to wait for a Low Break but instead winged it and went in at the mid-line (''body''). Price turned and headed on up for a bit and I added in at the upper level (I'm running this on the m5 detail).
Double-dip entry meant I could get in-and-out again even quicker than normal.
Had to crop this really tight to get inside the file size constraints.
I was going to wait for a Low Break but instead winged it and went in at the mid-line (''body''). Price turned and headed on up for a bit and I added in at the upper level (I'm running this on the m5 detail).
Double-dip entry meant I could get in-and-out again even quicker than normal.
Had to crop this really tight to get inside the file size constraints.
- achooblessyou
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Re: Daily Forex Trading
YM plays round numbers like a goldmine... You are pretty much guaranteed a few pippers when it hits a 50 or 00 level.. load up some sweetspots and youre covered
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- YMdouble bounce buy.png (55.95 KiB) Viewed 2310 times
- achooblessyou
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Re: Daily Forex Trading
achooblessyou wrote:YM plays round numbers like a goldmine... You are pretty much guaranteed a few pippers when it hits a 50 or 00 level.. load up some sweetspots and youre covered
sweetspots. sold 800 +15. was also an important volume node of the session/S+D zone/HOLO zone.
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- LeMercenaire
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Re: Daily Forex Trading
Today's landscape...
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