DE40 (GER40) trading strategy

A
@asuquokelvin - 8 hours ago
Quoted - godspowerdan

That place will not make it be a change of trend because that's not the high that created this low

Share your own level but that high created the low , I box the 4206 down if you are looking at 4383 that level is very far, by that high the trend must have gone far

G
@godspowerdan - 8 hours ago
Quoted - asuquokelvin

For me the 4206 is the confirmed level, share your own level let's see

Until price takes out that high at 4382, price is still bearish. The level I marked is the lower high that broke that previous lower low

G
@godspowerdan - 8 hours ago
Quoted - asuquokelvin

Take there to be your level and mine is 4026 even if you take it as IRL(internal range liquidity)

I'm saying price will sweep that your level and then continue the sells

The same thing price did on this chart, it will still do it again. If you look closely, it took out a strong/protected high as internal range liquidity. That's what is about to happen again

A
@asuquokelvin - 8 hours ago
Quoted - godspowerdan

The box you're marking will be used as liquidity, just watch out

That IRL(internal range liquidity)can still be a turning point for price that I can still tell you, if you know about cisd(change in state of delivery) it takes place in IRL not ERL(external range liquidity. ERL is considered a zone of CHOCH (change of character), so before a change of character there must be a change in state of delivery to up or downside

A
@asuquokelvin - 8 hours ago
Quoted - godspowerdan

I'm saying price will sweep that your level and then continue the sells

The same thing price did on this chart, it will still do it again. If you look closely, it took out a strong/protected high as internal range liquidity. That's what is about to happen again

A sweep and a break is not the same thing, if price breaks above 4206 you can go with your plans but mine is buys, if it's a sweep I know it will still break down I understand liquidity concepts even more deeper

Y
@yokoyi - 8 hours ago
Quoted - yokoyi

I hope to hold till the TP level

TP reached I am closing here and taking profit

A
@asuquokelvin - 7 hours ago
Quoted - godspowerdan

Hmmm

Let's sha see what price will do, you know the market has a mind of it's own

Yeah am also buying gold with a mindset that it will sell off because there is something silver is doing going to watch the market till 4 pm if gold buys still strong till then I will be sure to buy I have put my entry at 4038 and SL 4035 so if price invalidate me it's once and minimal

A
@asuquokelvin - 7 hours ago
Quoted - godspowerdan

Price tagged me and it's moving. Are you on it already?

I don't trade that way when am using conservative method of entry look at my positioning in case am wrong today is the last day of the week

G
@godspowerdan - 7 hours ago
Quoted - godspowerdan

You would have entered using quasi model but price has already tapped it

Check out that 4044.229 I marked out. That's the support level that was swept before price started moving upward.

That's quasi model. Sometimes you use it without liquidity but mostly advisable to use will liquidity

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