Michal's Journal

[Michal]

for a start

what i've notice with my mind is when market is closed i feel like sad.... and when i can be on charts it's one of the best times for me.Even i cant wait every day when i finish my work just so i can be on charts.... I dont know if im getting serious mental ilnness or what's going on but i like it! and im not talking moneywise... now

[Michal]

could someone tell what kind of news i should be avoiding since im on Dax ? cheers !:)

[Michal]

[Darren]

Once again - nicely done! :-bd

As for news, that is something I am monitoring. I have noticed that when the European PMI figures come out and there is a surprise then Dax moves well, other than that I would be wary of any EUR or USD red news. Although if there is a good setup 15 mins before news then I would take it as Dax can quickly become a free trade!

[Michal]

Once again - nicely done! :-bd

As for news, that is something I am monitoring. I have noticed that when the European PMI figures come out and there is a surprise then Dax moves well, other than that I would be wary of any EUR or USD red news. Although if there is a good setup 15 mins before news then I would take it as Dax can quickly become a free trade!

thank you Darren you put ligt on it for me. That's true with Dax 15 min it's a plenty of time i guess cheers !

[Michal]

[Michal]

(whew)
edit: i guess i moved my fibo lines a bit

[Michal]

not the best day for me.Second situation where i could take a profit but i end up with small rent grrrrrrr :/

[immy]

not the best day for me.Second situation where i could take a profit but i end up with small rent grrrrrrr :/

Looks like you're trading the shit out of this 4th wave mate.... calm down... where were you during the 100 points up move? if you missed that , you missed that. Based on the dot analysis there has been no viable setup after that big move... IMHO.... never mind... NEXT.. but wait, I cannot say NEXT... none of the trades were SETUPS. The rules of the flow chart, the general rules did not apply.

[Michal]

In my opinion i think i might be overtrading. when i got that feeling usually im right haha ok so need your m1 experience guys. what's kind of a setup it's best to take

m1 s1,2 m5: alli open clearly trending
m1/m5 - double aims brekout
or maybe wait for breakout on m5 wait for retrace and take setup from m1 ?

It might be silly question but m1 it's really quick especially Dax and i need to be advised on it please !:)

The other option i was thinking about was to get flow chart and start like total beginner which means follow the flow chart to a point

Anyone anyone is more than welcome to give opinion on it. thank you guys !