Dear traders,
Welcome to this thread, which has one purpose - to trade the Dow Jones and the Dax 30. Currently I am personally trading just the Dow during both the European and US trading sessions as the Dax has gone off the boil lately. Spreads on the Dow should be around 2-3 pips during the European session, and 1 pip during the US. If they are more than that, change your broker.
I will post a pre-session analysis before the London open whenever possible, and all followers are welcome to contribute provided posts are constructive and add to the overall quality of the thread. Live calls are encouraged provided they are supported by some rationale where possible, not necessarily at the time of calling the trade, but when time allows. This way we will all get a better insight into how each one of us is seeing the market, as well as the reasons for taking trades and exits.
One thing I would discourage is the excessive posting of charts. We all have our own charts and methodology, and viewing someone else's, especially when it is unclear what one is supposed to be looking at, is seldom helpful in my opinion. Screenshots to emphasize a point are fine, as long as they are clear, well marked, and coherent. which also goes for screenshots showing trade entries.
It is my hope that this thread becomes a place all serious traders can come to at any time for some quality input, to pool knowledge and learn from one another, and in so doing go some way towards making this long and arduous road we are all travelling as productive and painless as possible.
Amen.
Welcome to this thread, which has one purpose - to trade the Dow Jones and the Dax 30. Currently I am personally trading just the Dow during both the European and US trading sessions as the Dax has gone off the boil lately. Spreads on the Dow should be around 2-3 pips during the European session, and 1 pip during the US. If they are more than that, change your broker.
I will post a pre-session analysis before the London open whenever possible, and all followers are welcome to contribute provided posts are constructive and add to the overall quality of the thread. Live calls are encouraged provided they are supported by some rationale where possible, not necessarily at the time of calling the trade, but when time allows. This way we will all get a better insight into how each one of us is seeing the market, as well as the reasons for taking trades and exits.
One thing I would discourage is the excessive posting of charts. We all have our own charts and methodology, and viewing someone else's, especially when it is unclear what one is supposed to be looking at, is seldom helpful in my opinion. Screenshots to emphasize a point are fine, as long as they are clear, well marked, and coherent. which also goes for screenshots showing trade entries.
It is my hope that this thread becomes a place all serious traders can come to at any time for some quality input, to pool knowledge and learn from one another, and in so doing go some way towards making this long and arduous road we are all travelling as productive and painless as possible.
Amen.