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SPX and DAX - CFDs are the place to be

  • #261
  • Jul 17, 2014 6:03am Jul 17, 2014 6:03am
DAX.. I like the look of this set-up. I may be proved wrong but I do like the look of it.
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Money Makes Money
  • #262
  • Jul 17, 2014 6:11am Jul 17, 2014 6:11am
Quoting KiwiOz
DAX.. I like the look of this set-up. I may be proved wrong but I do like the look of it. {image}
On the 4H chart Dax has hit strong support, so if it is to turn North again, now is it's chance..
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Money Makes Money
  • #263
  • Jul 17, 2014 8:36am Jul 17, 2014 8:36am
SP (ES) and DAX(FDAX) futures. Done for a day.
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"A handful of patience is worth more than a bushel of brains"
  • #264
  • Jul 17, 2014 9:02am Jul 17, 2014 9:02am
Quoting Iron Pawn
SP (ES) and DAX(FDAX) futures. Done for a day. {image} {image}
Both are being closed now... although, they can go higher, tomorrow is another day. Good luck everyone.
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"A handful of patience is worth more than a bushel of brains"
  • #265
  • Jul 17, 2014 11:11am Jul 17, 2014 11:11am
More volatility than I expected with a 100 point drop in the morning, followed by the US traders reversing that move......fine, I got some pips out of both by just following the action. However, 5pm in Europe is Sundowners Time and I headed for my pool and so missed the 100+ fall that started 7 mins later

I wonder if this fall was news driven......from Zero Hedge ~ an hour ago......Malaysian Passenger Jet Was Shot Down At 10 KM Altitude: IFX.....the S&P fell 160 points ......280 passengers and 15 crew members were onboard .......
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Trading Levels with WRBs
  • #266
  • Jul 17, 2014 11:26am Jul 17, 2014 11:26am
Quoting Islander
More volatility than I expected with a 100 point drop in the morning, followed by the US traders reversing that move......fine, I got some pips out of both by just following the action. However, 5pm in Europe is Sundowners Time and I headed for my pool and so missed the 100+ fall that started 7 mins later I wonder if this fall was news driven{image}
As long as some ticks are being made, it's all good... more power for next day, right? Not sure about the news, but 9850 was major area of interest (my exit was right there, I presume it was a good fortune, but told to myself that working day is over - and look at that )...
"A handful of patience is worth more than a bushel of brains"
  • #267
  • Jul 17, 2014 1:47pm Jul 17, 2014 1:47pm
Of all the Indexes out there I found the DAX the best to trade.
  • #268
  • Jul 17, 2014 9:02pm Jul 17, 2014 9:02pm
SPX500 is my baby that I love to trade.
Enter Signature
  • #269
  • Jul 19, 2014 5:07pm Jul 19, 2014 5:07pm
Quoting Islander
With the current lack of volatility in FX
Yeah what's up with that? The volatility is totally non-existent. I started testing out one of my chart templates from last year on DAX and other indeces and they very well. Considering the lack of volatility in fx and the existence of large, long term trend in indeces I'm actually considering dumping fx altogether. Doesn't make sense to wait for a move the whole day or to trade NFP when the result is just 40 pips.

Islander, have you tried trading CAC, Nikkei or FTSE? I have access to DAX, CAC, Stoxx600, NQ100, SP500, DowJones, Nikkei and FTSE. I already have some experience with the SP500, but I'm starting to like the German more due to the volatility.

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If you don't risk, you don't ever have to lose.
  • #270
  • Jul 19, 2014 7:23pm Jul 19, 2014 7:23pm
Except for a few pairs, FX is useless for awhile now, indexes is where the volatility is and shares which fxcm will offer.....been waiting for 1+ months far.....!
Enter Signature
  • #271
  • Jul 20, 2014 6:26pm Jul 20, 2014 6:26pm
Definitely love the volatility in the DAX however with that, I find, comes larger stop losses. If you're looking to have a tight SL, you had better have a good entry strategy. Where as with FX at least with a slower pair you can get away with a 5pip SL looking for a larger move, provided your entry is a good one. In saying that, perhaps implementing a breakout strategy could be effective trading the DAX because of how much this index moves
  • #272
  • Jul 20, 2014 10:02pm Jul 20, 2014 10:02pm
The commodities have been driving relentlessly North but this cannot go on forever & there are signs of exhaustion.
Signs of retracements are starting to show. The only question is how far down will the retracement go.?? I say retracement because I believe they all have much higher goals long term but retracements have happened in the past & will in the future. Only price action above the current highs will convince me to go long.
The S&P500 (SPX500) is a good example..
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Money Makes Money
  • #273
  • Jul 21, 2014 1:04am Jul 21, 2014 1:04am
Quoting bug
{quote} Yeah what's up with that? The volatility is totally non-existent. I started testing out one of my chart templates from last year on DAX and other indeces and they very well. Considering the lack of volatility in fx and the existence of large, long term trend in indeces I'm actually considering dumping fx altogether. Doesn't make sense to wait for a move the whole day or to trade NFP when the result is just 40 pips. Islander, have you tried trading CAC, Nikkei or FTSE? I have access to DAX, CAC, Stoxx600, NQ100, SP500, DowJones, Nikkei and...
GM - I don't worry about the reason for the lack of volatility in FX - I just accept it and changed to the Dax. I used to trade
Dax and FTSE in the European mornings and EMini, and other US Index futures in the afternoon, so I'm back to what I was doing before retail Forex became available......but now using MT4 and my usual set-ups rather than Wave 59 or other exotics.

@IronPrawn - agreed, as long as we can bank consistant pips / points during our chosen trading time, we must accept that we will miss the odd move.......for me, a relaxing swim and cold San Miguel after 5pm in Europe is priceless....

Good to see some more posts here - lets hope for more with charts to show everyone what's being done by various traders .....now opened at 9725, - 10 on the 20:00 GMT close
Trading Levels with WRBs
  • #274
  • Jul 21, 2014 1:49am Jul 21, 2014 1:49am
nice to see this thread.

i have been selling s&p500 the recent days and making some nice profits... this are my live trades of last week.

i am still in sell mode and currently entered a sell @ 1.976 emergency stop is @ 2.005 but i will exit manage this trade before if there are strong reasons for a run up.
currently with this geopolitical tensions i am favoring the sell side towards 1,940.
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consistency wins
  • #275
  • Jul 21, 2014 2:37am Jul 21, 2014 2:37am
I sold in the 06:50 gmt bar after price failed so stay above its opening level and banked partials at the 9675 level as the volumes (tick) increased, with the low so far just above Friday morning's higher low......chart later
Trading Levels with WRBs
  • #276
  • Jul 21, 2014 2:54am Jul 21, 2014 2:54am
Quoting Islander
I sold in the 06:50 gmt bar after price failed so stay above its opening level and banked partials at the 9675 level as the volumes (tick) increased, with the low so far just above Friday morning's higher low......chart later
I closed the remainder in the push down to Friday's low and I am finished for this morning. The next level is the area of the July 10 / 11 lows ~the 9615 level.....
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Trading Levels with WRBs
  • #277
  • Jul 21, 2014 6:19am Jul 21, 2014 6:19am
Quoting Islander
{quote} @IronPrawn - agreed, as long as we can bank consistant pips / points during our chosen trading time, we must accept that we will miss the odd move.......for me, a relaxing swim and cold San Miguel after 5pm in Europe is priceless.... Good to see some more posts here - lets hope for more with charts to show everyone what's being done by various traders .....now opened at 9725, - 10 on the 20:00 GMT close
No tea at 5 pm? Entered earlier today on DAX futures. Great start of the week. Probably will close majority and cover but 9500 looks very good. We'll see.
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"A handful of patience is worth more than a bushel of brains"
  • #278
  • Jul 21, 2014 7:40am Jul 21, 2014 7:40am
Quoting Iron Pawn
{quote} No tea at 5 pm? Entered earlier today on DAX futures. Great start of the week. Probably will close majority and cover but 9500 looks very good. We'll see. {image}
Wifey usually takes a glass of "pink tea" - aka Vino Rosado at 5pm

Good that you were short too......I closed my last trade - an older one - on that hit of the 9615 area. IF I had been by my screen, I would have taken a partial position buy in the HL half an hour later and taken another 40 or so..... Now I am waiting to see what the US guys do......I agree that the 9500 area could easily be the next target.....IF the Big Dogs so desire!
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Trading Levels with WRBs
  • #279
  • Jul 21, 2014 8:33am Jul 21, 2014 8:33am
Quoting Islander
{quote} Wifey usually takes a glass of "pink tea" - aka Vino Rosado at 5pm Good that you were short too......I closed my last trade - an older one - on that hit of the 9615 area. IF I had been by my screen, I would have taken a partial position buy in the HL half an hour later and taken another 40 or so..... Now I am waiting to see what the US guys do......I agree that the 9500 area could easily be the next target.....IF the Big Dogs so desire! {image}
Good life you are having over there... Yeah, shorts were good till about 96'ish' as you mentioned, we just had another thrust to 9600... i'll wait a little bit and then call it a day. Want to continue painting... started couple of things over the weekend so I'm all over the place he he
"A handful of patience is worth more than a bushel of brains"
  • #280
  • Jul 21, 2014 11:47am Jul 21, 2014 11:47am
thank you spx 500,... still milking this cow.
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consistency wins
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