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Screen time:
London Open session 8:45 - 11:00 (GMT+2 DST) M1/M5 DAX only - LIVE
DAX moved very nicely and smoothly during first half of my session but I skipped signals there due to reasons described on screen shot. Then 3 attempts to catch of w5 failed - I got simply trapped by w4 or SL was too close. But that's trading. Next time it's working out in my favour again ;-)
Result of week 20, 16.05.-19.05.2016 - M1/M5 live:
Mon. 16.05. no trading
Tue.17.05. no trading
Wed. 18.5. -11.7p = -0.5R, DS = 2/2, 2.25 hrs, M1/M5
Thu. 19.04. -62.8p = -2.3R, DS = 3/3, 2.25 hrs, M1/M5
Fri . no trading
----------------------------------------------------------------------------------------------------------------------------------- Result ...... -74.5p = -2.8R (with compounding), DS = 5/5 (100%), 4.50 hrs
Not the best result point- and R-wise but I'm very happy with DS of 100%. Next time, trades which didn't work out although analysis was correct, will work out and will pay off all these tiny rents by far.
"Want what the market wants", Bill M. Williams in "Trading Chaos - Second edition"
Screen time:
London Open session 8:45 - 11:00 (GMT+2 DST) M1/M5 DAX only - LIVE
Day of massive up move of DAX during the whole day but I was able to pick out some points during a small down move at the beginning of the session.
The up move didn't offer valid The Hunt/AA/S1/S2 entries but I was able to catch the w3 on M5.
Trade 1 - S1:
It was a perfect S1 into w5 with TZ1 around 2.5R away. As it was such a high quality setup, I decided to take full risk of 1R and I was willing to add on if it goes into a nicely stepping pattern (what it actually didn't in hindsight). I decided to let it run as there's a good chance that a w5 turns into a w3, espacially at the beginning of the LO session. 1R level got hit quickly but at the time it reached M1-TZ1 which was very close to D1 lower AIMS level, price reversed to start that tremendous up move for the rest of the day. I sticked to my rules and let ATM handle the trade by trailing AIMS, where it got exited with around 1.5R.
S1, SL = 10.8p = 1R, no TP
Exit: Trailing AIMS by ATM
Result: +16.4p = +1.5R
DS = 1