While trendline traps in both direction have been working like a charm recently on the Dax indice, remember the market structure and cycles are important. When a market is highly rising, buyers traps have less probability to occur, but sellers traps can still be very profitable.
Here is an exemple from the S&P 500 latest 4 days. Buying the first M5 candle close that breaks the down trend lines was not very hard and the R:R ratio can be amazing.
Here is an exemple from the S&P 500 latest 4 days. Buying the first M5 candle close that breaks the down trend lines was not very hard and the R:R ratio can be amazing.
Break of the trendline, but I took my sells profit earlier on this one because they may kick out early buyers from London open and go back up. There are too much upper wicks on M5 candles, it doesn't look like yesterday.
Note the difference between yesterday's down move and today's down move. Today's move gives much more time to sellers...
Also remember the sexy up trend line from Daily I talked about yesterday, we are approching it.
Also remember the sexy up trend line from Daily I talked about yesterday, we are approching it.
DAX Midday-Trend Algo: August 2021 results -109 points – Trading revealed
http://www.trading-revealed.com/non-classe/dax-midday-trend-algo-august-2021-results-109-points/
http://www.trading-revealed.com/non-classe/dax-midday-trend-algo-august-2021-results-109-points/
Hi all,
Both liquidity zone from my yesterday's analysis have been hit.
Now I hope you are not surprised by this violent down move on the Dax. I told you the daily trendline was ready to be broken and why.
Both liquidity zone from my yesterday's analysis have been hit.
Now I hope you are not surprised by this violent down move on the Dax. I told you the daily trendline was ready to be broken and why.
Hi all, I was off trading this week and will be off next week too.
I may start recording educational videos when I'll be back, stay tuned you will love what's coming next 🙂
I may start recording educational videos when I'll be back, stay tuned you will love what's coming next 🙂
Good morning!
Is today's drop a surprise for us? No.
I circled the "confluence point" yesterday (that was hit perfectly before the drop) and told you that we would get a final sellers induction by showing you what happened on Nov the 4th 2020.
Is today's drop a surprise for us? No.
I circled the "confluence point" yesterday (that was hit perfectly before the drop) and told you that we would get a final sellers induction by showing you what happened on Nov the 4th 2020.