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SPX and DAX - CFDs are the place to be

  • #301
  • Jul 23, 2014 8:32am Jul 23, 2014 8:32am
Hi for everyone do you trade dax everyday?
  • #302
  • Edited 9:10am Jul 23, 2014 8:56am | Edited 9:10am
Quoting goliatakis
Hi for everyone do you trade dax everyday?

As I posted a few days ago, I have changed from FX to the DAX due to the lack of volatility in FX.......here's a trade I have just taken - posted elsewhere....another 20 points banked

FYI, the 10 Day ADR in € = 19, GBP = 65 and UJ = 22......DAX = 120.......

Edit: rinse and repeat in the 13:59 candle.....
Attached Image (click to enlarge)
Click to Enlarge Name: jly23 dax 1m 1345.png Size: 23 KB
Trading Levels with WRBs
  • #303
  • Jul 23, 2014 9:10am Jul 23, 2014 9:10am
I also doing dax and gold,looks better like currency
Attached Image (click to enlarge)
Click to Enlarge Name: 13,01,2014008.gif Size: 231 KB
  • #304
  • Jul 23, 2014 9:13am Jul 23, 2014 9:13am
Had this 2 well connected scalps. I think that I'm done for today.
Attached Images
"A handful of patience is worth more than a bushel of brains"
  • #305
  • Jul 23, 2014 9:24am Jul 23, 2014 9:24am
Quoting Islander
{quote} As I posted a few days ago, I have changed from FX to the DAX due to the lack of volatility in FX.......here's a trade I have just taken - posted elsewhere....another 20 points banked FYI, the 10 Day ADR in € = 19, GBP = 65 and UJ = 22......DAX = 120....... Edit: rinse and repeat in the 13:59 candle..... {image}
Ha ha, just realized that we entered short about the same time and price. Great.
"A handful of patience is worth more than a bushel of brains"
  • #306
  • Jul 23, 2014 9:25am Jul 23, 2014 9:25am
Not well today, I need to work on better entry...
Attached Image (click to enlarge)
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RevarK
  • #307
  • Jul 23, 2014 9:34am Jul 23, 2014 9:34am
I do trade the UK100 (lower margin requirements than SPX) and must admit that trading indices CFD's intra-day has proven to be more profitable for me. Not much of a charts posting guy but i'd recommend CFD trading to be at least taken a look.

Some of the important aspects to bear in mind are:

> margin requirements
> spread (if variable, peak time tight spreads and low liquidity spreads, if trading variable spreads)
> overnight swaps (in case a trade is left open overnight)

The profits (and losses) are quicker to realize. But the more time you spend, the more experience and confidence you gain with CFD's.
  • #308
  • Jul 23, 2014 9:52am Jul 23, 2014 9:52am
Fully agree, been waiting for a long time for FXCM to offer cfd's, if not I'll move most of my funds to my cfd broker.
Enter Signature
  • #309
  • Jul 23, 2014 9:54am Jul 23, 2014 9:54am
Quoting jw1981
I do trade the UK100 (lower margin requirements than SPX) and must admit that trading indices CFD's intra-day has proven to be more profitable for me. Not much of a charts posting guy but i'd recommend CFD trading to be at least taken a look. Some of the important aspects to bear in mind are: > margin requirements > spread (if variable, peak time tight spreads and low liquidity spreads, if trading variable spreads) > overnight swaps (in case a trade is left open overnight) The profits (and losses) are quicker to realize. But the more time you spend,...
Agree with you.
Also I realized that trading european stock indices is giving me better relationship between profits and time consumed. Although I'm not thinking to abandon fx, it certainly will be lesser.
  • #310
  • Jul 23, 2014 10:27pm Jul 23, 2014 10:27pm
respected every one
and gud am

is dax will go up today or continue its way down ? plz i need your help
3nx
  • #311
  • Jul 24, 2014 1:02am Jul 24, 2014 1:02am
hi i dont know yet,dax last time moving up and down,no clear direction,on d1 chart look down,but really dont know,which time frame you use ?
  • #312
  • Jul 24, 2014 1:14am Jul 24, 2014 1:14am
GM - I bought in the 06:01 gmt bar as price held above today's DP and the surrounding S&R zone and took a quick 10 pts as there is French Flash Mfg PMI at 07:00 and the German at 07:30 gmt...... chart later....

The S&P made a new yearly high yesterday and is currently ~ its previous high having only pulled back 5 points....
Trading Levels with WRBs
  • #313
  • Jul 24, 2014 1:28am Jul 24, 2014 1:28am
Quoting forexer11
respected every one and gud am is dax will go up today or continue its way down ? plz i need your help 3nx
Don't trade blindly.. DAX (GER30) is in an uptrend. Can't predict what a daily candle will turn out to be like, but the uptrend long bias gives a target to previous high of 10014 followed by 10097. So buy the dips.
  • #314
  • Jul 24, 2014 1:34am Jul 24, 2014 1:34am
so did u think dax will cross down daily pivot 9750
i m so worried
your expectation regarding german news
  • #315
  • Jul 24, 2014 1:40am Jul 24, 2014 1:40am
Quoting forexer11
so did u think dax will cross down daily pivot 9750 i m so worried your expectation regarding german news
Not sure if it will cross down 9750 today... But I do see 9689, a good level to go long from. Strong support at 9639, so i'd place my stops some points below. Covering to BE after 9839 is taken out or book partial profits there and let the rest run to 10k mark.

Edit: A finer entry would be 9674 and stops at 9634
  • #316
  • Jul 24, 2014 1:49am Jul 24, 2014 1:49am
Quoting forexer11
so did u think dax will cross down daily pivot 9750 i m so worried your expectation regarding german news
From my point of view, the only reason for you to be worried is that you have a too big loosing trade open. I guess that we have all done that ourselves and if this is correct, then you need to calculate the price at which your loss becomes a margin call and then take some action BEFORE that happens.

Remember that the FIRST loss that you take will ALWAYS be better than a margin call.

ALso, IF the German Data in 40 minutes is away from expectations there will be a large fast spike......

Good luck

PS as an intra day trader, I am flat into this data
Trading Levels with WRBs
  • #317
  • Jul 24, 2014 1:55am Jul 24, 2014 1:55am
Quoting Islander
{quote} From my point of view, the only reason for you to be worried is that you have a too big loosing trade open. I guess that we have all done that ourselves and if this is correct, then you need to calculate the price at which your loss becomes a margin call and then take some action BEFORE that happens. Remember that the FIRST loss that you take will ALWAYS be better than a margin call. ALso, IF the German Data in 40 minutes is away from expectations there will be a large fast spike...... Good luck PS as an intra day trader, I am flat into...
You're bang on target!! Worry & Hope are 2 things that should not be a factor when it comes to open trades.
  • #318
  • Jul 24, 2014 1:57am Jul 24, 2014 1:57am
Quoting jw1981
{quote} Not sure if it will cross down 9750 today... But I do see 9689, a good level to go long from. Strong support at 9639, so i'd place my stops some points below. Covering to BE after 9839 is taken out or book partial profits there and let the rest run to 10k mark. Edit: A finer entry would be 9674 and stops at 9634
Either of those would be nice and that would conform the fib expansions back up to the triple high, which I think is the all time high for the DAX......
Trading Levels with WRBs
  • #319
  • Jul 24, 2014 2:27am Jul 24, 2014 2:27am
The French Mfg PMI was worse than expected - IMO hardly a surprise - and DAX constituent BASF released poor earnings and is down 3%, pushing DAX down to under yesterday's low. I jumped in after LO and banked nice pips and then bought off the 61% retrace at 9675.....and banked some more.

Huge (tick) volume in the 15m bar, so I'm wondering IF this is a "sell the rumour, buy the news" situation......I'll decide before the release....
Trading Levels with WRBs
  • #320
  • Jul 24, 2014 2:36am Jul 24, 2014 2:36am
Quoting Islander
{quote} From my point of view, the only reason for you to be worried is that you have a too big loosing trade open. ....

... data better than expected
DAX sitting at 50% of current move... 82 pips in 15 min... That's why I love DAX... when I have the correct position hehe
RevarK
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