how to manage false breakouts on NQ ES

Quote from Simtrader:



I ain't boasting about fuck all. Telling folks what I trade and suggesting they might also want to plug the DAX & ESTX50 into their charts alongside ES & YM/NQ ...isn't boasting. It's called practical advice. Bet you'd never even heard of the Euro markets til I came along, you ass. BTW I ain't your dude, dude, I'm your dream bitch remember?! You know, there really should be a law against in-breeding in Alabama :D

Now go away young boy because some serious folk seem interested in serious discussion. Besides, Mommy would be mad if she knew you were still awake at this hour :p
More...

The last couple of months the Euro markets have been congesting heavily, while the US blasted off. Some piece of advice! Judging from your behavior until now, you 're just your typical internet idiot. By the way, i live in Holland, that's in Europe, in case you didn't know.
 
OK. so now - Stops at $100 to $150 so that is 2 1/2 handles. 993.50 - 2 1/2 handles = 991.

Profit target = 4 handles so that is 993.50 + 4 = 997.50.

nitro
 
DAX 04:00am (EST) ...there's your baby. Buy above that. Stop-loss trailed 1 tick under the 04:15 bar cos it was a strong up bar. Maybe even trailed under 04:20 to c. BE (discretion). ESTX50 looked the overall stronger symbol though.
 
Quote from Simtrader:

DAX 04:00am (EST) ...there's your baby. Buy above that. Stop-loss trailed 1 tick under the 04:15 bar cos it was a strong up bar. Maybe even trailed under 04:20 to c. BE (discretion). ESTX50 looked the overall stronger symbol though.
More...

Missed that - that was a good trade - good for at least 8 points. Big initial stop though, at least 8 pts. 3090-3082.

pretzel
 

Attachments

Have to agree with Ditch. European markets have been very difficult to trade lately: no volatility at all. So rather strange to see someone advise trading the dax for the moment. ES is much better to trade for the moment.
 
Quote from MarathonTrading:

Have to agree with Ditch. European markets have been very difficult to trade lately: no volatility at all. So rather strange to see someone advise trading the dax for the moment. ES is much better to trade for the moment.
More...

Probably depends on the method and the timeframe. Did you miss the one hour DAX run on Wednesday ? The "rockets" would probably catch this move also.

pretzel
 

Attachments

No but when has this run happened? Exactly at the time us markets open. In my opinion, better to trade es (the leader) than a derivative of it and the dax is a just derivative of es when es opens.
 
Quote from MarathonTrading:

No but when has this run happened? Exactly at the time us markets open. In my opinion, better to trade es (the leader) than a derivative of it and the dax is a just derivative of es when es opens.
More...

Probably.

pretzel
 

Attachments

You must log in or register to reply here.
Back
Top