Rabu, 13 Agustus 2014

MP for Context, Bar Chart for Timing

Today's DAX trades worked according to Hoyle. These are the type of very high win rate trades that are needed for CP. I was done for the day for discretionary trading within about an hour or so.

DAX opened with a drive up. Job of the electronic local, like the floor local,  is to fade these moves by offering liquidity. We get paid well for this service. The bar chart provided the tining in the zones identified by the Profile. Market then retreated back to the 33EMA where accumulation began which told me to turn the position around. The subsequent pop got me out at a nice profit.

The book is going better now so hopefully I'll have it out before the new year.



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