DAX and DOW thread

counter_violent

Legendary member
9,547 2,419
Yeah I will.

Ever since I changed from mt4 to ninja trader platform about a year ago,because
I needed what ninja offers.

I find the price action is more clearer with ticks.Also I use hi/low bars. because
its easy to find and draw certain price action,like head and shoulders. So easy to draw and spot bullish and bearish for example using triangles for head and shoulders. You need movement in the market to day trade. So when its quiet tick charts don't print as many.This also helps. When market is quiet usually means a period of indecision or quiet time of the day. That's why I only trade first two and half hours of a open .Same with Dow but I do like the last hour of the dow to trade is my exception. You want the river flowing in your direction to push your trade to the finishing line.

I use 2584 tick chart for interest and alert (to see if we are pivoting or trending) and 89 tick chart for entry and confirmation and to see a good stop level. usually risking 1;3 reward.Only needing to win one in 4 to break even is power if you have a edge. Losing trades is part of the game. You got to pay rent. Nothing in life is free,even this game. I enjoy my losses as much as my wins as they are the same value being a trader.These are fibonacci numbers. Im not a fan boy with them. But hey I got to choose something. The markets only trends 20% of the time. So I trade the other 80% when it pivots (not pivot points) but also trade when its trending.

Also with ninja I have order flow of the contracts traded within each bar.Its like a xray of the battle.You see the sellers and buyers. With forex you dont get this. Makes it harder in my view. Looking for order imbalance and high delta bars. That gives your trade confidence. Also why I needed ninja.Ok dude,rant over.
Great post, we think alike in many areas.

I'm just wondering if you might be better with a dedicated thread, perhaps in the journals section?
 

goose4

Active member
205 6
Great post, we think alike in many areas.

I'm just wondering if you might be better with a dedicated thread, perhaps in the journals section?
Thanks dude.

Its been years since I have ever posted in any kind of forum. Thought would check this forum out,have not in years. Visited For entertainment purposes. Will give it a think,or visit the site a few times a week. Have a good day my friend.
 

10pips

1
528 17
DAX hit 12390 (IG Index ). It took a while to get here considering my last post was 19th February.

I'll be keeping an eye on DOW - Potential short for 200-400pips from record high and will monitor where DAX is at the same time.
Hmm...

Records high...hey.

DAX shy of 13000 by 80 odd pips not so long ago but currently trading around 12600.....Not so long ago, it was rejecting 9400 (UK Referendum, June 2016)

12900 - 9400 = 3500pips
 

10pips

1
528 17
I am expecting some sort of retracement monthly candle next month....so will eye up DOW and see if DAX puts a double top around 12900 and target 12500.
 

10pips

1
528 17
I will look at shorting DAX 12635 and stop loss 12660....target 100 to 150pips drop.
 

10pips

1
528 17
I will look at shorting DAX 12635 and stop loss 12660....target 100 to 150pips drop.
Stop loss break-even.
We still have a day's worth of trading tomorrow...so wouldn't be surprised it comes back to retest 12635 before another drop.
 

10pips

1
528 17
Currently trading above 12600s and looking likely for another rally.
 

andreyfisher

Newbie
2 0
Once

Yeah I will.

Ever since I changed from mt4 to ninja trader platform about a year ago,because
I needed what ninja offers.

I find the price action is more clearer with ticks.Also I use hi/low bars. because
its easy to find and draw certain price action,like head and shoulders. So easy to draw and spot bullish and bearish for example using triangles for head and shoulders. You need movement in the market to day trade. So when its quiet tick charts don't print as many.This also helps. When market is quiet usually means a period of indecision or quiet time of the day. That's why I only trade first two and half hours of a open .Same with Dow but I do like the last hour of the dow to trade is my exception. You want the river flowing in your direction to push your trade to the finishing line.

I use 2584 tick chart for interest and alert (to see if we are pivoting or trending) and 89 tick chart for entry and confirmation and to see a good stop level. usually risking 1;3 reward.Only needing to win one in 4 to break even is power if you have a edge. Losing trades is part of the game. You got to pay rent. Nothing in life is free,even this game. I enjoy my losses as much as my wins as they are the same value being a trader. Once you have this mindset you become free,and you can trade your method properly. These are fibonacci numbers. Im not a fan boy with them. But hey I got to choose something. The markets only trends 20% of the time. So I trade the other 80% when it pivots (not pivot points) but also trade when its trending.

Also with ninja I have order flow of the contracts traded within each bar.Its like a xray of the battle.You see the sellers and buyers. With forex you dont get this. Makes it harder in my view. Looking for order imbalance and high delta bars. That gives your trade confidence. Also why I needed ninja.Ok dude,rant over.
Hi,
I am trading DAX on 1m charts but was looking for a UK broker who offers platform with orders flow display.
What broker do you use with ninja platform?
 

goose4

Active member
205 6
Hi,
I am trading DAX on 1m charts but was looking for a UK broker who offers platform with orders flow display.
What broker do you use with ninja platform?
I actually use data to trade on ninja called Kinetick

There is a monthly charge tho.

How do you trade on the one min? Would love to hear a little synopsis of your approach?
 
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10pips

1
528 17
I will observe and look at buying DAX 12160 and target bias change to bullish..... targeting 12830.
This is why its good to observe before rushing into a trade.

I didn't take the above trade but ended up taking short 12160 instead for 60pips.

I am now going to wait for test of 12080 (market gap) and possibly start buying soon.