foredog
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Double inside bar 1hr DOW
Isn't that mainly becasue it's outside US hours so quiet/low vol?
Double inside bar 1hr DOW
DayRaider subscribers play the Globex Game every morning (for us Yanks)...The two legal trades are the #DOWN and the subsequent #RDOWN....technical trades all the way...
This is a snapshot of this morning, but rather routine most every day....The profit objective on the #DOWN is 80+ mini dow points, or 80% ROI on daytraders margin ($500). The trade is exited technically but the reversal price should occur at a known Dow Behavior "time". The Mini Dow runs on a regular daily 'time' schedule...
Knowing the basics, the entry and exit are 100% technical, no discretion on entry, some discretion on exit.
The Mechanical Day Trader
That dow hasnt been in a behaviour trend for weeks... I'm just unhappy I was only on demo when it was lol
traders today i willshow you how to trade by taking into consideration 1hr charts but taking entry based on 15 min for max or best potential price.
now you can see a double test of 130 area with 2 arrows in 1 hour chart. This means price has tested 130 area twice and settled above . At this moment of time you must think about building long positions.. but taking entry on 15 min chart..
now look at same chart 15 min
2 arrows are the same double test.. now when prices move up obviously its gonna meet some sell interst at rally. so we wait for it to get sold off again in the chart i have pointed that out by a cross "x" thats your selling...
now the candle marked with tick is the candle which nulllifies the sell interest or the high of previous candle .. at this moment to go long and put your stops below the double test ..
i hope you got this ideaology
That dow hasnt been in a behaviour trend for weeks... I'm just unhappy I was only on demo when it was lol
there are 6 intraday Dow Behaviors that comprise DayRaider; a total of 12 setups; there are multiple Dow Behaviors (2+) on all major intraday moves while the Dow Cash is open; during Globex hrs there are only 2 Dow Behaviors max, DayRaider 2.2 advises when the Overbought or Oversold conditions end - if Dow Behaviors are present, then it's a low risk trade. If neither of the 2 Dow Behaviors of the Globex are present, then it's a high risk trade, better wait for the Dow Behaviors to catch up to the market.
#DOWN is a set of simple trading rules that Fundamentals of Futures Trading graduates know. #RDOWN is a different set of simple trading rules related to the 'Dead Cat Bounce' part of the Fundamentals course.
The Mechanical Day Trader
there are 6 intraday Dow Behaviors that comprise DayRaider; a total of 12 setups; there are multiple Dow Behaviors (2+) on all major intraday moves while the Dow Cash is open; during Globex hrs there are only 2 Dow Behaviors max, DayRaider 2.2 advises when the Overbought or Oversold conditions end - if Dow Behaviors are present, then it's a low risk trade. If neither of the 2 Dow Behaviors of the Globex are present, then it's a high risk trade, better wait for the Dow Behaviors to catch up to the market.
#DOWN is a set of simple trading rules that Fundamentals of Futures Trading graduates know. #RDOWN is a different set of simple trading rules related to the 'Dead Cat Bounce' part of the Fundamentals course.
The Mechanical Day Trader
That dow hasnt been in a behaviour trend for weeks... I'm just unhappy I was only on demo when it was lol
yeah, that's why my newest student nailed 334 Mini Dow points paper trading yesterday...I assume he'll go live next week (or sooner).
Is the plan to enter the moment the candle with the tick breaks the privous candle high, or do you wait for the close?
Must be my blonde brains but where is your set up? if you have not got one or you are not discussing it get the heck off this thread
yeah, that's why my newest student nailed 334 Mini Dow points paper trading yesterday...I assume he'll go live next week (or sooner).
please go away
yeah, that's why my newest student nailed 334 Mini Dow points paper trading yesterday...I assume he'll go live next week (or sooner).
Gizmo, did those options get taken down?