FTSE, DAX, DOW Trading Ideas and discussions

update on our spx chart


j7uwqq.gif


that is goin to pump or dump
 
clear price action on dax

1zzhxdj.gif


a pullback last night and into the open to prev breakout point..then we motored
 
Out of interest, on average, how many trades a day do you take ?
quite a few
i also trade fx and oil..but those are on not scalp
they are on a 5 min breakout
yesterday for example..oil broke upwards at 1pm/you can see tha on 5 min candle
eurusd...supp held at 9 am and it broke upwards
eurjpy also
same with gbpusd and gbpjpy
those are all less management trades.ie i am waiting till after the break and seeing where it lands before deciding..

less risk and less reward on those..
index is pure scalp on a prejudged breakout point..entries and exits from the tick chart
 
quite a few
i also trade fx and oil..but those are on not scalp
they are on a 5 min breakout
yesterday for example..oil broke upwards at 1pm/you can see tha on 5 min candle
eurusd...supp held at 9 am and it broke upwards
eurjpy also
same with gbpusd and gbpjpy
those are all less management trades.ie i am waiting till after the break and seeing where it lands before deciding..

less risk and less reward on those..
index is pure scalp on a prejudged breakout point..entries and exits from the tick chart



in essence

breakout and see where it lands...less risk/less reward

prejudge breakout point and get in opposite side of the pattern..ie an upside breakout...you want to get in as low as possible...higher risk/only slightly..imho..but a much higher reward...but needs alot more analysis /input
 
scalps in and out of 10k area
hopefully that might happen a few times today
an early treat
 
9942 is 50% of that latest upmove
lets see if it holds
9921-9928 area is breakout point/aqua horizontal
trend supp 9907 area
 
Top