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Trades worth writing about, articles on process and mindset, occasional market notes, and a trader interview series. Not tips. Not calls.
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The importance of targets
Here is another example of a trade using the strategy from Buy the dips, sell the rallies — almost the same setup, but the result could have been better. The entry was fine. The problem was the exit: no target, and an emotional decision to get out early.
The trade — M1 entry M1 — price rejection at Day Open with Inside Bar (IB), Acceleration Correction visible in eWaves, 3.20R exit
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Buy the dips, sell the rallies
I trade the London Session on GER40 and I’m normally done after an hour and a half — although there are plenty of times when the action comes later in the day. I choose to limit my time in the market.
The process starts with a weekly review of the higher time frames — D1 and H1 — but my main interest is M15 for direction and target, and M1 for entry. I’ll try to align the trade with Elliott waves, but this post is focused on the trade setup itself.
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Trader Interview: Dan — London Session DAX Trader
Part of an ongoing trader interview series — the same set of questions put to different traders, covering background, psychology, strategy, and lessons learned. Originally published on Traders Questions.
I’ve been trading for around 4 years now. Mostly DAX from Frankfurt/London Open, occasionally NASD, EURUSD, GBPUSD, USDJPY.
About me Brit, living in South Africa since 2009. Past work in electronics and IT.
What was your journey that led you into trading?
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Trader Interview: Kiwi — Nearly Full Time Trader
Part of an ongoing trader interview series — the same set of questions put to different traders, covering background, psychology, strategy, and lessons learned. Originally published on Traders Questions.
Nearly full time trader — but have a farm and a deli business to run too.
About yourself Started trading approximately 12 years ago but scaled back due to other commitments. Re-entered the field 3-4 years ago, experienced difficulty in the first year, then achieved steady progress. Now generates income through trading activities.
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Trader Interview: Pete — Simple Dutch Foody Guy
Part of an ongoing trader interview series — the same set of questions put to different traders, covering background, psychology, strategy, and lessons learned. Originally published on Traders Questions.
Pete is a trader from Snorm’s chat group with over 5 years of experience. He actively trades DAX in mornings and DOW/NASD in afternoons.
A bit about yourself What was your journey that led you into trading?
Pete sought an independent business venture after running a company with employees proved stressful. He wanted work he could manage alone with “possible unlimited rewards.”
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Trader Interview: Grant (aka AC) — Part Time Trader, Full Time Ship Moorer
Part of an ongoing trader interview series — the same set of questions put to different traders, covering background, psychology, strategy, and lessons learned. Originally published on Traders Questions.
Grant is featured as part of the trader interview series from Snorm’s trading chat group. He’s noted for a structured approach to trading that facilitates backtesting and comfortable trade execution.
A bit about yourself What was your journey that led you into trading?
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Trader Interview: Steve (aka Snorm) — Trader, Coder, Trading Coach
Part of an ongoing trader interview series — the same set of questions put to different traders, covering background, psychology, strategy, and lessons learned. Originally published on Traders Questions.
Steve describes himself as a full-time trader with extensive experience coding trading tools. His primary objective involves developing automated systems so he can dedicate more time to leisure: “My number one goal, with trading, is to create a robot to do all the trading for me.”
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