DAX Futures June 2018

+34 pips FDXM=+7 pips FDAX

F L A T for 1st time today!!!!!

+91 pips FDAX gained so far.

I don't want take risk after a very good daytrade in this dangerous scenario.
So early close for me today:+25-1,5+12+33,5-20+11+10+7+7+7=TOTAL +91 pips FDAX.

That's one hell of a result from where you were earlier in the day.

But are the purists making any dough !?

I agree adding to a losing position sounds like & can easily be account suicide. However, clearly it can be done successfully with an account size large enough to make it meaningful, ie. so that if you only win with your first entry it is still worthwhile. At the same time, account size must also be able to accommodate increasingly large entry position size. If you can accommodate this, you have a strategy available that most retail traders simply cannot trade.

Say your Trading Plan - we've all got a written one of those, right - allows for a maximum drawdown of 20% (I personally don't want to experience >10%) and you decide you need to trade an initial entry of minimum 1 x FDXM / €5 pt. If one is going to actually increase position size as the market moves against the trade, I reckon you need to be able to go to at least 20 lots.

20 lot = $20k margin
Say average losing position is up to 100* pts = (€10k)
* maybe not, as the averaging down is exponential with increasing position size.
Buffer another €10k = €40k
Then how big is a rare bloodbath day - or series of days : better add art least another €10k to make €50k account, giving a 20% max DD "allowance" of (€10k). €100k would be better. Above figures I was thinking about during this morning's 250 pt fall, they're just "first finger in the air".

€50k is a very large account to most retail traders (and unfortunately to me too at the present time), but it's peanuts in the overall scheme of things, so if you can trade it as well as B can, it's potentially a great way to trade.

I'm finding it very educational to trade as a learning tool, but a Ger30 single unit basis is not going to be meaningful. But imagine you are a smart, young person who learns to trade like this, scrapes together the money to trade Live on a single unit basis (ie. up to 20 units per total position) and build a successful 2 year track record, verifiable by the broker. Shouldn't be hard to find someone to grubstake €100k and split the profits...

Just thinking out loud...

Liverpool are signing midfield players (OK so Can is probably leaving so they need replacement) but goalkeeper should be their top priority. Rumours are they are looking at Allison but my personal view is that he is not a world class goalie.

In the past a goalkeeper had only to stop every ball ...now the modern football need also good feet to play the ball and dictate the rythm (Guardiola rules)...
he is the Brazil National Team goalkeeper and in Brazil team every player MUST play the ball as a magician!!!!

Ray Clemence, Sepp Maier, Dino Zoff times are gone.....

Hey, you forgot Bruce Spaghetti Legs Grobbelaar

Bumpy is having a bad day . , I may have to intervene...

and Van Der Saar...too

WHAT? IS IT TRUE?...WHY?

Was put on high risk agressive setting , got tangled up in the 300 pip drop from last night. If it keeps going down it will blow ,

Hey Pip-Miner,

why not try an EA trend follower?

and now? what you think to do? new settings, TF change or new system?

Yes Brixen that's true - De Gea and Neuer are way ahead of everyone else. Apparently the German national team manager once said Neuer was good enough to play in midfield for Germany.

Football:while Joe Hart is out of Engalnd Team, is it correct?
Trading: I'm tempted to buy something......but I'm forcing myself to stay out...but it's not easy for me

If it doesn't blow I will put it back to safe settings like before when it was doing ok and also switch on selling. I may have to change the algorithm little as well. For now I will continue manually trading live account. Shows you one step wrong and you can be finished in this business , why I test first .

Human first then robots.....OK I agree!

anyway I guess will have an hot trading summer with nervous and volatile markets on sight.
Steel nerves and steel balls needed. Very dangerous times ahead for humans and robots.
We'll see what will happen.

Yes Brixen - Hart is yesterday's man.

8 CET open will be around 640 zone.
DAX CASH INDEX has a gap to cover between 803 till 828 zone (few pips lower for FDAX/FDXM).
570 zone was yd lows while 609 was the lows till 17:30CET.

Bad close in US yd late evening and all Asian indices are in red this morning.

anyway I will place only buy FDXM orders in a large zone between 630 till 550, while FDAX will help me in worst case scenario.

Good luck for me and for all traders here....dangerous daytrade on sight!

Morning all - Italian politics still front page news I see.