NEED DAX SIGNALS AS FOLLOWS on this thread The live signals DAX PRICE ACTION SCALPER trader must provide 50 pips plus a week , if they have any serious real trading SKILLS . We are looking for signals from a very patient price action trader , who understands technical analysis , including support/resistance , moving averages , channels , trend lines and indicators and can follow systems and system rules . TRADING FROM 9 AM TO 7 PM GMT. 1 MONTHS LIVE RESULTS REQUIRED WITH SIZEABLE POSITIONS. with real money , this is the only way to find successful signal providers for this thread DAX Price action scalper will provide images with text of how they trade and send details their trading skills , they will provide low risk tight stop (20/30 ticks) entries .DAX Price action scalper will provide livesignal on thread , to verify dunning Kruger claims of competence. http://www.patheos.com/blogs/crosse...e-stupid-too-stupid-to-realize-theyre-stupid/ https://www.google.co.uk/webhp?sour...n=1&espv=2&ie=UTF-8#q=patience trader trading DAX Price action scalper will provide evidence of a successful trader mindset DAX Price action scalper will be a very patient trader , who can wait all week , for one quality entry. We are looking for 5 to 10 quality trades , with low risk /high reward trades .We know what is low risk /high reward , send us your evidence with images with text , with examples of low risk high reward trading. This will give us evidence , that you know what is low risk /high reward We are not looking for deluded megalomaniacs making 20 clueless trades a day, but somebody who understands the concept of an edge. We do not require trades which chase trades, after volatility breakouts , after 100 tick moves. One quality trade a day is better than than 20 poor trades daily or 5 trades a week is better than 100 trades a week. Wise men speak because they have something to say; Fools because they have to say something. Plato wise traders trade because they have something to trade , fools because they have to trade and get excitement /buzz from CLUELESS trading The best trades are like free lunches , the trader has to be very patient and behave like lions stalking with patience. Trading is 5 % time of the job 95% of the time ,traders sit and wait , good trading is boring. Price action scalper will be a very patient trader who can sit and do nothing for hours or days , who can wait all week , for one quality entry. Here's a summary of my seven habits of successful traders. 1) Understand the true realities of the markets. 2) Be responsible for your own trading destiny. 3) Trade only with proven methods. 4) Trade in correct proportion to your capital. 5) Manage risk. 6) Stay long-term oriented. 7) Keep trading in correct perspective and as part of a balanced life. The common theme is self-control. As I've often said, if you can master yourself, you can master the markets. When we see an instructor signal provider making all sorts of delusional dunning Kruger claims , we cannot ascertain if signalman is a useless sleeping crocodile or a really skilled performer in real time . We are looking to work a real trader , if you are a trading educator ,writer, broker 's stooge , rebate stooge , technical analyst , forum poster , amateur learner or student , internet trading poster or similar occupation , you are unlikely to be suitable unless you are a trader. most non traders can not perform as traders .non traders fail on the following grounds, 95% are losers with loser's personalities , losers of the 95% club including learners , novices , all these failures https://www.google.co.uk/webhp?sourceid=chrome-instant&ion=1&espv=2&ie=UTF-8#q=95+%+of++traders+lose professional trading system enclosed below
i like that lion video. Lions are very focused, patient, and experts at finding & exploiting weakness in the herd. Although they have many failed hunting attempts they always give it 110% knowing that they will lose many foot races but will hit enough big homes like killing a cape buffalo or zebra. This one is my favorite short lion clips. I like trading the FESX (Stoxx50) much more liquid, many wide ranging trend days, and tight spreads with big 300+sized trades all night long on the tape - unlike our exchanges where the big fish are all using dark pools.
This video IMHO opinion is emotionally charged lions , at the cost of the lioness getting hurt , in the fall. Trading is a patience game .
View attachment 167292 LOOKING FOR ENTRY ABOVE 10500 WITH MOMENTUM , AFTER 9 AM , BOTH UK100 AND DAX MUST BE ABOVE MOVING AVERAGES AND SUPPORT. PLEASE POST.only professional signals using professional system View attachment 167292 View attachment 167293
· DAX opens at 07:15 and FTSE opens at 08:00 GMT. Do no not trade for first 30 minutes until FTSE opens and market settles. · S&P opens at 14:30 GMT. Do no not trade for the first 30 minutes, until markets settle. 2.1 Trading DAX and FTSE - Compulsory filter · They have to trend/move in the same direction in order to place an order. Look also at DOW and S&P; they have to move as well in the same direction. This does not mean set ups have to be valid on the other instruments; it means they just have to move in same direction. (S&P/Dow is more important than FTSE) · If FTSE and DAX are not moving together, then either FTSE or DAX orders are valid, only if S&P and DOW are moving together. · DAX opens at 07:15 and FTSE opens at 08:00 GMT. Do no not trade for first 30 minutes until FTSE opens and markets settle. · S&P opens at 14:30 GMT, so do not place new orders between approximately 12:30 and 15:00, until direction is clear. · If there is no news, do not open new trades on indices 1 hour before USA opens. · Trending definition: prices must be above lwma 18 for longs or below mas for shorts on 30 MIN (with slope, channel and trend line). · Rules 3.1, 3.15 and 4.1 will invalidate the compulsory filter (rule 3.12).It applies if DAX, FTSE, S&P and DOW are trending in the same direction. · Do not open new DAX position after 110 pips made in one day. · Do not open new FTSE position after 75 pips made in one day. · Always use s and p supports , resistances , trend lines and channels to trade ftse /dax /djia · The system set ups must valid on the instrument as high probability example n ftse it has to be valid on ftse (not s and p , dax , dow , nasdaq
Brett Steenbarger He is right about the following OK, so here comes one of my best posts. Ready? I'll give you a view you won't hear from any mentor, coach, guru, or furu. Why do so many traders talk about trading being a mental game and making bad trades because of emotions? Why do you find yourself making the same mistakes again and again, making money only to lose it? Is it because you lack discipline? Is it because you cannot control your emotions? Is it because you don't stick with a trading process? No. You have emotional problems in markets because you're the market's bitch. You heard me right, Mr. Independent Trader who doesn't want a 9 to 5 job and wants to only work for himself. You're the market's bitch. From open to close, you're hanging on every market tick, letting it sway your thoughts and feelings. When the market treats you well, you feel good. When it treats you poorly, you feel like crap. When the market's not moving, you don't know what to do. If you behaved that way in any relationship--with your boss at work or your spouse at home--everyone would see that you're someone else's bitch. But with markets, you tell yourself it's dedication, it's a passion for trading. Bullshit. You the market's bitch. You have a relationship with the market and anytime you're controlled in a relationship, you're the bitch. The only way to have an even relationship with the market is to control when you play, so that you don't get played. That takes rules, that takes finding and sticking to edges--and it takes the willingness to not play when your edges aren't screamingly apparent. What you got ain't passion for trading; it's a need to play. If you need to play, you're going to get played. You're going to be controlled by market behavior. You're going to be the market's bitch.
look for test and retest of support and resistance.I don't trade single moves https://www.google.co.uk/webhp?sour...8#q=test and retest of support and resistance
There are very very few traders who will be able to make money , it is virtually impossible , the market is too efficient to allow free lunches /edges. 1)Human brains are wired to make the wrong moves in the markets , our phsyche as humans is required the opposite moves like reactive patterns , stress responses , emotions ,UNCERTAINTY , the need to be right , testosterones , our emotional brain is not well regulated and mistakes made by traders . 2)Technical anylysis , price action , trends etc is very subjective and it can be trading a triple edge sword 3) It is a zero sum game , the clever sharks eat the weak , marklet calls the first shots , you follow , all your following is LAGGING , the market has an edge ,you have no edge .It sucks you in and screws you 4)The only edge a trader can have is a mental edge , but that dissapears in extreme volatility. 5) Trading is highly competitive , more like a mental sport that is played in the mind So the odds are against the majority of over 95% of traders So understand phschology 99.5% fail because trading is too simple, easy, and too boring
This is a dunning Kruger test on this community https://www.elitetrader.com/et/threads/dunning-kruger-traders.303402/ Are you competent or incompetent as a trader? Now we see real traders who can call signals and the DR: fake