This is a mobile optimized page that loads fast, if you want to load the real page, click this text.

PAV Technical Analysis and Trades

Jump to new
I also had a losing trade on both FTSE and DAX in between that.
Price came back down to below where my original entry was. A nice little spring and consolidation.
It wasn't a bad setup. It did push up a little.
It didn't hold and I lost my initial risk ($200 total).

It seemed to me after this that the market wasn't behaving as I expected for a breakup above the 4h resistance.
Then I saw the US charts and it was right at resistance so I decided to short.
Nailed the direction but unfortunately my BE stop took me out.
Originally I had left the stop above the high of the day and had planned to.
But I think I made the right decision moving stop to BE, even if it cost me approx $1,700.
Better in the long run to do the right things than to reinforce bad risk management.
I could have left it, it wouldn't have been terrible but either way I'm content in the end!
 
I had previously asked a question about trading, or not trading prior to news. Is something like the news below reason enough to not trade the FTSE open?

 
I also have a question about the gaps on smaller timeframes. Is it best to always wait for gaps to get filled regardless of the time frame? Say for example there is a gap on the three minute chat but not on the five minute or 10 minute chat. Is this reason to wait for the gap to be filled?
 
I have been a bit busy over the past month so I haven’t posted.

I finally got into trading the DAX.
There definitely are incredible opportunities there…
I got on a trade last week and actually held it until last night.

Getting in at good RR positions on the daily really allows for good profit when you can let it run 3-4 days!

I wasn’t prepared to take any further risk with open profit even though this down move could have a little bit to go.
 
Reactions: rnr
Another two positions taken tonight.
One I've exited for profit.
The other is still running.

 
This was one on the DAX - Tuesday 30/8/22.
I didn't get this in a good enough place on the hourly chart to let it run any longer, so I took profit after letting it run overnight.
 
I actually had multiple contracts on the DAX last week LONG.
I was 170 points open profit x 20 = $3,400.
This was prior to Jackson Hole speech.
I anticipated price to push up a little bit further.

I learnt my lesson.
Better to play it safe prior to such an event that can (and did) move the market.
My stop got taken out RAPIDLY, and I was left with only $400 profit from the $3,400.
If I had my time again, I would have closed out of the position prior to the meeting.
Also a good lesson to scale off a position too.
I've learnt from that this week and had a good balance between leaving open profit, as well as locking in profit.
 
$1,500 -FTSE (entry 30/8/22)
$750 - DAX (entry 30/8/22)
$750 - FTSE (entry 31/8/22)
= $3,000 locked in since yesterday's open.

$2,000 - FTSE (entry 30/8/22)
$2,000 - FTSE (entry 30/8/22)
$700 - FTSE (entry 31/8/22)
= $4,700 still running since yesterday's open.

I feel that the next couple of days will be very important.
I will report further on these positions...
 
Roller_1 said:
Great work Pav. Are you looking for price to pull back to specific levels or are you waiting for the pullback, waiting for price to stall and then looking for a tight entry on the three-minute charts.
Click to expand...
Both.
First I identify key levels.
Then I observe how price reacts at those levels.

Levels are of utmost importance. A good setup at a level that doesn't make sense can lose a lot of money over time.
It doesn't have to be exact, but I want it to be around an area that makes sense!
 
You must log in or register to reply here.

Similar threads

  • Locked
February 2025 Stock Tipping Competition Entry Thread!
2 3
Replies
44
Views
3K
farmerge
  • Locked
January 2025 Stock Tipping Competition Entry Thread!
2 3 4
Replies
63
Views
4K
Joe Blow
  • Sticky
February 2025 Stock Competition Entries!
2 3 4
Replies
79
Views
5K
Dona Ferentes
January 2025 Stock Competition Entries!
3 4 5
Replies
96
Views
6K
Joe Blow
  • Locked
November 2024 Stock Tipping Competition Entry Thread!
2
Replies
27
Views
2K
Garpal Gumnut
Menu
Log in
Register
Cookies are required to use this site. You must accept them to continue using the site. Learn more...