Recent content by ClassicPete

Our Messiah is coming :)

ECB said to propose QE of 50 billion euros per month through 2016. Not confirmed news though!

Well, I'm not a brilliant trader by any stretch of imagination and december's been tricky so far as well. I've hence reduced my position size to absolute minimum and only trade the very best set ups. That way my win ratio has improved and don't worry even if I lose as I'm losing small chunks of...

Break in either direction should come in the next 15 min. Favouring downside.

Strangely calming.

9045.7

Fairly good dovish news IMO, QE is out, rates to go up in 2015, DAX is having none of it.

Durable Goods Orders - bad data all round.

Great book that. Worth reading 2-3 times.

Thanks Neil, will have a read through.

Hi HtW, Thanks for posting. With regards to boll bands. Would you say that the 5M candle's body has to be fully contained within the band for the change of direction to happen? Would only body and not the wick suffice? Do you wait for a confirmation candle? Have changed the set up now to 21 &...

Think DAX is having a few too as very clumsy and unpredictable so far for me this morning.

Was it a perfect bullish engulfing for you? It wasn't ideal for me as quite a bit smaller than the previous candle (I G chart), but boll bands were indicating a push up. Newbie hesitation even if it's all right there in front of you, sigh.

Thank you. Have a nice weekend Tar !

What's your target and what signal will you use to decide when to exit the trade? Well done for holding that long. Is it difficult to keep your nerve and simply not take the profit at, lets say, +100pt or smth round like that? Or did you simply know that around midday when it bounced off the...