Carpe diem: Intraday tactics for Dax and Dow

closed now for +16

chart

you're right SunT, even if I'm doing well, I'm not happy how I operated today.

Closed all
Dax by stop loss -7*5 points
Dow close manually -9*5 points and 56*5 point


Later chart

I placed a stop loss order at 26,170 only to check later that stop loss order was not there any more and that market was at 26,300 with huge losses so I opened up more shorts to try and average down as I figured it would correct after pop because today was reversal day. Sure enough it dropped and allowed me to recoup my losses and exit with a profit. I was very upset though over the stop loss order vanishing. Luckily I made out ok but it was not easy getting out of that trade. 100-150 point swings are biggger these days compared to the old days. As the DOW futures numbers climb the swing numbers climb too. These days one has to be able to calculate a 150 point swing into their numbers and the. Have enough funds there to be able to exit a wrong trade in case it goes the other way first before going in their direction after.

i just arrive to madrid and forgot my laptop computer charger , i don´t have too much battery for today. Anyway finally the trade solve satisfactorily regarding points, I made the mistake of opening too many contracts while trying to take advantage of the divergence, with two positions in 26240 would have been enough and would have allowed me to open positions in 26303 with greater tranquility.

net poimts until now, dax 15 points , net dow 235 points

why try to take advantadge of divergence? there are differents ways trade it accord situation. Today dow wasn´t in armony with rest of futures, if you checked futeres indexes during european morning, dow was around 170 points up and the rest (dax, sp500, nasdaq..) only a few points up...so i only tried to play that disarmony like i do sometime.
regards

longs

set 10 points sl

Finally dropped.. Took a while but that drop finally took place

Stop loss hit 5*-10

Longs 13172, Stop loss 10 points

Closed manually 5*20=100 points
Enough, trade well!!

Anyone see these new rules and laws? WTF?
5:1 leverage on equities=20% margin
20:1 leverage margin on all major indices=5% margin
30:1 leverage on major currency pairs=3.33%

for example Market Germany 30 for 10 CFDs require margin of 591 GBP and will later require 5,910 GBP

These new rules and laws are pathetic.

https://www.dailyfx.com/forex/fundam...e-Changes.html

Yeah, a little ridiculous. Should be up to the individual to manage the risk. Sours it for the rest of responsible traders...

The EU want to become the United States of Europe in order to be more powerful than the USA.

It does not care about individuals, and continues to make more and more laws covering every part of our lives.

Even when GB leave the EU it is still hell-bent on taking control of our banking and financial services industry.

The Stock and Forex markets is something the EU is determined to control, not just within the EU, but worldwide.

It is a pity the EU doesn't seek to reduce broker spreads or chase after brokers who rob their customers.

Long Dow 26010 SL 20

Stopped out.

DAX m5

@12.930 Ready to scale out... finger on my mouse

Banking some. Scouts always in...

Scale out