Even if I explain it to you, you would need to spend many many hours getting used to/understanding market behaviour patterns. I am not being nasty, it's just that I am a believer in paying a price for learning, I don't mean paying me, I mean you learning the basics of technical analyses, losing money, progressing to being a breakeven trader and then advancing to level where you start making more than losing. I don't even know what level you are at right now.
Short DAX at 7740
- Thread starter ASusilovic
- Start date
Even if I explain it to you, you would need to spend many many hours getting used to/understanding market behaviour patterns. I am not being nasty, it's just that I am a believer in paying a price for learning, I don't mean paying me, I mean you learning the basics of technical analyses, losing money, progressing to being a breakeven trader and then advancing to level where you start making more than losing. I don't even know what level you are at right now.
First of all thanks for your answer.
my level is a beginner :
i trade the dax for 1 year, i trade by looking only for strong points that are in the cash and in the future as well ( adding the future overvalue ) for example: weekly gap, 50/200 daily moving average, value area - market profile ( 30 mins bar ), double top/bottom etc.
i done 2 courses and read a lot about technical analysis, but i haven't found isolators working for me this is the reason for my question, i want to stay open-minded and look for other strategies.
sorry for my english.
Here is a brief example of entry and 1st exit, I will later post another example of multi divergence cycle achieved in short period of time and how I trade those patterns, this one here is the most basic of a standard divergence.
<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1731064>
<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1731064>
This is a current Spot Gold 2 hour chart which displays the other divergence, I would have liked to see more of a wedge there (failing upside thrusts) so far it's more of a channel so 4 lower peak in histo is quite possible, BUT nevertheless it is a valid triple bearish divergence. Actual risk vs expected reward is properly set, which looks like at least 1:5 at 1 support zone, even more so at second. Why has 2nd been marked there where it is, quite simply that is how I measure retracement cycles in a divergence. I take an average price traded whilst 1st highest peak was registering making it around 810-814 area.
This is a 2 hour chart, more of a swing, so no actual interest for me, but imagine that on 1 or 2 minute chart in fDAX and it would look same AND better if it has a rising wedge, that would be my second pattern that I favour very much.
<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1731115>
This is a 2 hour chart, more of a swing, so no actual interest for me, but imagine that on 1 or 2 minute chart in fDAX and it would look same AND better if it has a rising wedge, that would be my second pattern that I favour very much.
<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1731115>
Happy New Year all and Good Luck ! 