DAX up to the minute commentary, page-46

  1. 9,485 Posts.
    lightbulb Created with Sketch. 1
    "You said you went long at 5496,"

    Nah said long on stop at 96 order was 96.5 as I always use 1 point above last bar but didn't get filled and then it broke down .

    Its a method of trade where if u can find a pull back after an up run u go long on stop 1 point over the prev bar with the anticipation it will take off and blow others stops but I NORMALLY only do it if the last bar is a small bar so I can run stops under the last bar incase I am wrong .

    Check where I said on the last post about waiting for 2 or 3 red bars which didn't happen but then did 5 mins later although those bars were a bit big for my liking as was the first long on stop trade I did which was the worry as it required a 10 or 11 point stop so to much intraday as I try and use 4 point stops [8 pips ]

    Hope that makes sense as hard to type and run orders on 1 min bars at the same time . As a general rule I don't just hit the buy or sell button I go long on stop or short on stop and got lucky on the last one which didn't get filled or I'd be up all night .lol dax 1 minute live trading.jpg
    .
 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.