should this will hurt someone sensibility , please let me know.
All the operative disclaimers , discharge of responsibility in trading derivatives and the thereto connected risks , as well as the pure educational purposes of these posts are -indeed- applicable to all the writer posts.
The posts reflect only the writer opinion.
Look at the sequence:
- Setup scanned appears a good 4 1/2 Stars with 15 RF and 0 RI
- Bad point is that RR is just a mere 1:1 : stop is quite high in $$, so lets see how to treat this morning trade (in EU)
- You place your order in , wait a bit and eventually get filled
- Got a good impulse ,then up to -12 tick in few minutes but price pulls back , stalls and get back to entry level and above; now you are in loss.
- Little loss but in Loss. if you got 1 ct means nothing, but if you are IN with 5 or 10 cts does start bother you. And you wonder if close it here and walk away...
Wrong.
There is a simple reason and you'll find it out.
Simple go down of TF on 5 min: you see there is a Gap right at the entry level ( so how smart is this soft you think...)
Sequence:
- price stops its south direction
- get back and close the gap
- ready to take the old direction back, if that was the right one...
.......
This simple trade, made thanks to DT Yield :
- 10 ticks one way south ( closed position because I knew of the Gap above)
- 5 ticks second way south. (placed the order at mid point in the gap )
So far for the PA HAS to develop and has from 4 to 7 hrs to do it.
I am "supported" by the clear SOUTH WARD structure and by Euro retracement up ( should came down....)
CONCLUSION:
WE ALONE WE WOULD NOT HAVE BEEN ABLE TO SELL THE 6J , UNLESS SELLING THE TOP OF THE RETRACE (A SENSIBLE LEVEL).
DT CAME IN TOTAL HELP "GIVING AWAY" THE PROFITS REPORTED ABOVE, IN PROPOSING THE TRADE. BUT MORE THAN THAT , GIVING YOU AN HEDGE TO INCREASE A TOO LOW RRR AND AFFORD THE TRADE WITH MORE REWARDING CHANCES AHEAD.
YES, YOU GOT TO WORK IT OUT A LITTLE BIT, BUT THERE IS NO SUCH THING AS FREE LUNCHES, RIGHT?
...............
72 Ticks Yeld So Far
To Late....
pS: THE RED LVERTICAL LINE COVERS THE BAR, BUT TGT REACHED.
HOWEVER SINCE THIS IS A DBOTTOM A CLEAR BREAK WOULD PROPELL IT LOWER.
LETS SEE .
i AM PERSONALLY OUT OF THIS TRADE @ 15:45 (6J)
NOT SCANNED
- As appears evident by the Charts and the DT Tools, the future and the underling are heavily oversold. This could mean little sometimes ,for they can be even more oversold...but generally speaking is a fearly good common sense indicator that the player at the auction sooner or later will invert their role.
- Going back in time you will find a seasonality, not fully respected now though
- As per WHEAT ( and CORN and shortly SOY) this could be an interesting vehicle to monitor
- we are likely close to the very bottom
I will not be surprised of a good set up scanned by DT in few weeks
I personally will not miss it
I do not like this outlook :
- It Reflects the "up and down" situation with no direction, close to the max
- It is dominated by uncertainty
- Are Interest Rates the main concern of the Operators?
- Pay attention to behavior shown: two monday ago , two friday ago and yesterday friday
Not an easy situation to be traded safely , in my opinion.
Take this in consideration: 2 times in the same week the one before this one, ES reached 1 and 2 ticks from 1300 and than they let it drop below the open price.
First time was rotation from energy to financial, the second looks more like a Friday rally on rollover .
Is it all there?
ET (Euro stoxx 50) is a 10 Euro multiplier.
Is a good choice for who doesn't t want to afford the DAX and is nowadays a very harmonic alternative.
Caveat:
DAX and ET are correlated with ES (SPX) so if a reversal UP THERE starts so will they. And they couldn't care less of any kind of structure or prior trend or direction.
here is why , stay tuned.....
Here The Two Setups Side By Side
AS anyone can see they are pretty similar considering that ET has the whole morning charted and ES not
Conservative? Better Safe Than Broke
However Is A Win.
with a new , succesful Setup kindly provided by DT
so either you close the position or went ON , you had a good profit.
Key: any winning trade reinforce in a trader a concept:
"I CAN BEAT THE MARKET, NOT EVERY TIMES BUT AT LEasT 6 TIMES OUT OF 10"
Here is one more succesful
ONE MORE
here the rf isn't at its best.
let's give him a try placing the limit buy in machine at 3800
only time will tell.
but if you take a look at the above rooms and structure seems a reasonable trade
a fine 15 5 set up on zb.
but eventually didn't worked out
this time is on a good route.
fabrizio Wrote:ONE MORE
here the rf isn't at its best.
let's give him a try placing the limit buy in machine at 3800
only time will tell.
but if you take a look at the above rooms and structure seems a reasonable trade
because of the ES weakness this trade hasn't been triggered , nor a downward setup is at the present moment probable.
fabrizio Wrote:this time is on a good route.
but deteriorated on its way. Bailed out at 111'04