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SPX and DAX - CFDs are the place to be

  • #281
  • Jul 22, 2014 1:17am Jul 22, 2014 1:17am
Quoting iTrader
thank you spx 500,... still milking this cow. {image}

Great for you as you obviously sold early, reversed ~ the 1965 level and then rode it back up......but a chart showing how you did it woud be a lot more helpful.....
Trading Levels with WRBs
  • #282
  • Jul 22, 2014 1:23am Jul 22, 2014 1:23am
Quoting Iron Pawn
{quote} 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
apart from those small thrusts down to ~the BRN it was a rather flat afternoon with the action in the S&P where it rallied from 15:00 gmt 10 pts off its 1965 level putting it up closer to its highs above 1980.....
Trading Levels with WRBs
  • #283
  • Edited 3:12am Jul 22, 2014 2:21am | Edited 3:12am
The open was ~ +25 and above the DP, so when it held there into mid FH I took an initial buy. So far, London has not broken above the FH high.....I will add if / when it does.....chart later....

Edit: at 7:36 gmt it failed to breakout, putting in a LH, so I banked 20+ pts......LOL, this time yesterday DAX had fallen > 90 pts.......but still, so far € has only moved ~24 pips and Cable ~18, so Dax's 37 pt range is still a lot better than what's on offer in FX......coffee time....

PS Initial sell in 8:02 bar....
Attached Image (click to enlarge)
Click to Enlarge Name: jly22 dax 1m 0758.png Size: 31 KB
Trading Levels with WRBs
  • #284
  • Jul 22, 2014 3:17am Jul 22, 2014 3:17am
DAX is reflecting that Europe is pushing for sanctions against Russia and if it happens Germany will be very much affected, much more so than other countries.
  • #285
  • Edited 3:51am Jul 22, 2014 3:36am | Edited 3:51am
Quoting handy148
DAX is reflecting that Europe is pushing for sanctions against Russia and if it happens Germany will be very much affected, much more so than other countries.
Agreed and with the EU Council's Meeting in progress any rumours about possible actions against Russia will spike the Dax either way, so I banked after the 1m HL at 8:24 gmt .....another 20+ and I am finished for this morning....
Trading Levels with WRBs
  • #286
  • Jul 22, 2014 4:08am Jul 22, 2014 4:08am
  • #287
  • Jul 22, 2014 4:19am Jul 22, 2014 4:19am
Hi fellow traders. I also switched from FX to CFD trading (DAX, S&P, US30). I have developed my own trading rules, very simple mostly respecting S&R zones and just curious how do guys trade.
Islander, just out of curiousity , did you post your rules ?
  • #288
  • Jul 22, 2014 4:27am Jul 22, 2014 4:27am
Quoting Islander
{quote} apart from those small thrusts down to ~the BRN it was a rather flat afternoon with the action in the S&P where it rallied from 15:00 gmt 10 pts off its 1965 level putting it up closer to its highs above 1980.....
I agree... quite flat past afternoon. Regardless, we had some excellent moves for day trading. Today I'm expecting some action between 9670 to 9730, more or less. But, we'll see.
"A handful of patience is worth more than a bushel of brains"
  • #289
  • Jul 22, 2014 4:38am Jul 22, 2014 4:38am
Quoting fxloka
Hi fellow traders. I also switched from FX to CFD trading (DAX, S&P, US30). I have developed my own trading rules, very simple mostly respecting S&R zones and just curious how do guys trade. Islander, just out of curiousity , did you post your rules ?
I look at a chart and then some magical lines draw themself on it in my mind and I trade that. Quite sucessful I must say.
  • #290
  • Jul 22, 2014 5:46am Jul 22, 2014 5:46am
Quoting fxloka
Hi fellow traders. I also switched from FX to CFD trading (DAX, S&P, US30). I have developed my own trading rules, very simple mostly respecting S&R zones and just curious how do guys trade. Islander, just out of curiousity , did you post your rules ?
No, but I am using very similar set-ups to those that have been posted several times this year in my old thread.....some MAs, S&R zones and volume......


http://www.forexfactory.com/showthre...14628&page=246
Trading Levels with WRBs
  • #291
  • Jul 22, 2014 5:50am Jul 22, 2014 5:50am
Quoting Iron Pawn
{quote} I agree... quite flat past afternoon. Regardless, we had some excellent moves for day trading. Today I'm expecting some action between 9670 to 9730, more or less. But, we'll see.
Looks like fibs are guiding again......the low is at the 50% retrace - OK, so its not a fib! - from yesterday's low to this morning's early high and 9734 is 50% of the recent fall......
Trading Levels with WRBs
  • #292
  • Jul 22, 2014 5:59am Jul 22, 2014 5:59am
Quoting Islander
{quote} Looks like fibs are guiding again......the low is at the 50% retrace - OK, so its not a fib! - from yesterday's low to this morning's early high and 9734 is 50% of the recent fall......
Actually, now I'm really interested in 9700-97100
"A handful of patience is worth more than a bushel of brains"
  • #293
  • Jul 22, 2014 6:06am Jul 22, 2014 6:06am
If bellow 9680/90, we are off to the races... maybe?
"A handful of patience is worth more than a bushel of brains"
  • #294
  • Jul 22, 2014 7:04am Jul 22, 2014 7:04am
Quoting Iron Pawn
{quote} Actually, now I'm really interested in 9700-97100

Good call - I'm waiting to see if the US CPI data in half an hour brings any activity......IF its more or less in line with expectations then I think range-bound until the EU Press Conference due I think at 4pm CET..
Trading Levels with WRBs
  • #295
  • Jul 22, 2014 7:19am Jul 22, 2014 7:19am
Quoting Islander
{quote} Good call - I'm waiting to see if the US CPI data in half an hour brings any activity......IF its more or less in line with expectations then I think range-bound until the EU Press Conference due I think at 4pm CET..
Thank you. Managed to grab few points... yes, let's see if the news will bring us some action.
Attached Image
"A handful of patience is worth more than a bushel of brains"
  • #296
  • Jul 22, 2014 9:14am Jul 22, 2014 9:14am
Quoting Islander
{quote} Good call - I'm waiting to see if the US CPI data in half an hour brings any activity......IF its more or less in line with expectations then I think range-bound until the EU Press Conference due I think at 4pm CET..
Slightly better than expected US data has kept the S&P moving upwards and the DAX has followed......with me on board.......just closed my last buy on the hit of yesterday's high as the S&P hit its 1985 level......and I'm finished for the day
Trading Levels with WRBs
  • #297
  • Edited 4:27am Jul 23, 2014 4:16am | Edited 4:27am
GM - the gap down open following the drop of the S&P into its close was immediatly bought after LO for a 75 point rally in the next half hour with the high hitting the down trend line on the 1hr / 4 hr charts ~ today's R2 level......suffient available for my morning's quota.

Now I guess sideways until the US open......TWT
Attached Image (click to enlarge)
Click to Enlarge Name: jly23 dax 60m 0930.png Size: 59 KB
Trading Levels with WRBs
  • #298
  • Jul 23, 2014 4:40am Jul 23, 2014 4:40am
Quoting Islander
GM - the gap down open following the drop of the S&P into its close was immediatly bought after LO for a 75 point rally in the next half hour with the high hitting the down trend line on the 1hr / 4 hr charts ~ today's R2 level......suffient available for my morning's quota. Now I guess sideways until the US open......TWT {image}
Same prudent view.
Let's see the reaction to DTL within US hours. Another leg down ?
  • #299
  • Jul 23, 2014 5:40am Jul 23, 2014 5:40am
Quick scalp on a long side. Approaching 1st target within few ticks. Will close 3 and leave remaining until it takes me out.
Attached Image
"A handful of patience is worth more than a bushel of brains"
  • #300
  • Jul 23, 2014 5:43am Jul 23, 2014 5:43am
Hi,
Nice to see DAX traders here on FF
[Subscribed]

Yesterday's trade...
Attached Image (click to enlarge)
Click to Enlarge Name: 2014-07-23 12_40_54-22112965_ DX30_I,M15.jpg Size: 121 KB
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