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SPX and DAX - CFDs are the place to be

  • #341
  • Jul 24, 2014 9:10am Jul 24, 2014 9:10am
Quoting Rooi
{quote} I think the Sir is Madam or Mam
hahaha thanks, I guess some people still don't know I'm a girl

Quoting forexer11
{quote} sir plz u can clear ur interest area of dax 3nx
So are you asking me to CLARIFY my entry or to CLEAR up my slightly cluttered chart?
Either way, let's say you want me to explain the entry, so here goes.

The entry is based off the previous top of supply zone that coincides with the monthly pivot point (based on equity asset behaviour to retest tops/bottoms) offering a high probability setup and low risk level, therefore I've placed a pending limit order close to that. The dashed red line represents my limit entry price and my green thick line above it represents my stoploss for the short trade.

Hope I've answered your question?
  • #342
  • Jul 24, 2014 9:27am Jul 24, 2014 9:27am
any body have idea whats going on with dax now it s seem down again ?
  • #343
  • Jul 24, 2014 9:50am Jul 24, 2014 9:50am
Quoting forexer11
any body have idea whats going on with dax now it s seem down again ?
For me, it's come up against the H4 200ema, which sent it down on Monday. However, my technicals are more bullish than they were at the start of the week. Daily shows a clearly bullish set up as does H4 now, but we have the 200ema to break. Today's low stopped point perfect on the 61.8% retrace, and that was the place to buy. The fact that the price could not break through 9,812 today means that many long positions from this morning will have cashed out their positions. I'm expecting another run at it tomorrow. We have a lot of data out tomorrow, so much depends on which way that comes out.
  • #344
  • Jul 24, 2014 1:56pm Jul 24, 2014 1:56pm
Hi everyone

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.......
I had some ideas on FX but for this reason I abandoned... volatility
Now I'm looking for learning more about cfds and oil because they are better for trending strategies...

I did comment about it on "crude oil" topic... I could post some images here too...
How to identify the "explosion moments" on these instruments is what I'm looking for specifically...

any ideas from where to begin?

thanks
"To get rich you must have a lot of money" - Joe Abandoned Mine
  • #345
  • Jul 25, 2014 6:01am Jul 25, 2014 6:01am
Few points going south on FDAX, keeping open about half size... now i'm interested in 9715-9725 area, but we'll see, still too early to tell.
Attached Image (click to enlarge)
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"A handful of patience is worth more than a bushel of brains"
  • #346
  • Jul 25, 2014 6:12am Jul 25, 2014 6:12am
DAX, looks like its heading to first support at 9734. A break below this could see 9704 and finally back to my long entry of 9674 (I hope it does and this time will pick up my entry). No trades for today, so far!!!
  • #347
  • Jul 25, 2014 6:16am Jul 25, 2014 6:16am
Quoting jw1981
DAX, looks like its heading to first support at 9734. A break below this could see 9704 and finally back to my long entry of 9674 (I hope it does and this time will pick up my entry). No trades for today, so far!!!
Possible... although, I would be careful with that swing low... 967(X)... but, just my opinion and don't listen to me :-)
"A handful of patience is worth more than a bushel of brains"
  • #348
  • Jul 25, 2014 6:23am Jul 25, 2014 6:23am
Lets see if I can make it 6 losers in a row today!
Attached Image (click to enlarge)
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  • #349
  • Jul 25, 2014 6:30am Jul 25, 2014 6:30am
Quoting subterfuge
Lets see if I can make it 6 losers in a row today! {image}
I don't want to patronize and apologize if you feel that way, but this way you can easily lose account in matter of hours or days in futures trading... ask yourself if you are buying to prove something or you have analysis behind it...
"A handful of patience is worth more than a bushel of brains"
  • #350
  • Jul 25, 2014 6:36am Jul 25, 2014 6:36am
Quoting Iron Pawn
{quote} I don't want to patronize and apologize if you feel that way, but this way you can easily lose account in matter of hours or days in futures trading... ask yourself if you are buying to prove something or you have analysis behind it...
Using technical analysis:
1 Dropped after open. Took an Al brooks H2 short entry. stopped
2 Took a short on the break of the trendline. Stopped.
3 2 failed shorts and looking more bullish now. Long on the break of the prior high. stopped
4 sticking with bullish bias - long at previous support - stopped.
5 looking bearish now - short on break of double bottom area ........to be decided
  • #351
  • Jul 25, 2014 6:40am Jul 25, 2014 6:40am
Quoting subterfuge
{quote} Using technical analysis: 1 Dropped after open. Took an Al brooks H2 short entry. stopped 2 Took a short on the break of the trendline. Stopped. 3 2 failed shorts and looking more bullish now. Long on the break of the prior high. stopped 4 sticking with bullish bias - long at previous support - stopped. 5 looking bearish now - short on break of double bottom area ........to be decided
I see... hmmm. Maybe it's one of those days, who knows...
"A handful of patience is worth more than a bushel of brains"
  • #352
  • Jul 25, 2014 7:56am Jul 25, 2014 7:56am
Quoting Iron Pawn
{quote} I see... hmmm. Maybe it's one of those days, who knows...

Could be … prefer to long with TP at 1984.50… mkt still really bullish
  • #353
  • Jul 25, 2014 7:58am Jul 25, 2014 7:58am
DAX to see more Fall...

Attached Image (click to enlarge)
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SpotPip - we SPOT, you PIP
  • #354
  • Jul 25, 2014 8:33am Jul 25, 2014 8:33am
Quoting jw1981
DAX, looks like its heading to first support at 9734. A break below this could see 9704 and finally back to my long entry of 9674 (I hope it does and this time will pick up my entry). No trades for today, so far!!!
9734 done... I think it might slow mo all the way from here.. Happy weekend everyone!!
  • #355
  • Jul 25, 2014 8:44am Jul 25, 2014 8:44am
Quoting Iron Pawn
Few points going south on FDAX, keeping open about half size... now i'm interested in 9715-9725 area,. {image}
Closed remaining position. Good thing I stick to my guns :-)
Attached Image (click to enlarge)
Click to Enlarge Name: FDAX.PNG Size: 33 KB
"A handful of patience is worth more than a bushel of brains"
  • #356
  • Jul 25, 2014 8:56am Jul 25, 2014 8:56am
Quoting Iron Pawn
{quote} Closed remaining position. Good thing I stick to my guns :-) {image}
Few more points to the upside. About to be done for today. Have a great weekend everyone...
Attached Image
"A handful of patience is worth more than a bushel of brains"
  • #357
  • Jul 25, 2014 9:26am Jul 25, 2014 9:26am
Chers mate and you too
  • #358
  • Jul 25, 2014 9:49am Jul 25, 2014 9:49am
I made some good money by shorting the indices, I think the downtrend will continue with minor retracements. This is where I saw it and trust me, they're not bad at all, Short DJ30 and FTSE100 Trade
"The Market is Not Evil, it Simply Separates Dumb People From Their Money."
  • #359
  • Jul 25, 2014 9:52am Jul 25, 2014 9:52am
Quoting room217
Hi everyone {quote} I had some ideas on FX but for this reason I abandoned... volatility Now I'm looking for learning more about cfds and oil because they are better for trending strategies... I did comment about it on "crude oil" topic... I could post some images here too... How to identify the "explosion moments" on these instruments is what I'm looking for specifically... any ideas from where to begin? thanks
Well I can only speak for myself, but I find that crude oil is very technical looking at H4 and Daily supply and demand (areas of consolidation followed by large sell-offs or rallies). But it can be very whippy if you don't know its behaviour. I wouldn't be looking at "explosion moments" as such, but generally crude oil moves the most after NYMEX open. I would be looking at a larger tf analysis.
  • #360
  • Jul 25, 2014 10:43am Jul 25, 2014 10:43am
Just a pointer for next week. Open a Daily Dax chart and have a look where the price is relative to the 200ema/sma, i use both. We are approaching both, according to my chart we have another 135 pips to go before we hit the 200ema. The Dax broke below this moving average on May 6th 2012. It broke back above it on July 2nd 2012, back beneath it on July 23rd, briefly, and ever since then it has been above, finding support on or around it consistently, or rather, this ma is as far as the price has come down before rallying back up. Will it do so again is the question I am asking myself? The obvious answer is let's wait and see, but we have to look to see if there is any reason to think that it may not, and break through it for a more prolonged sell-off in equities. You know, I think it could. The reason i think this is that the weekly chart is showing clear MACD diversion, indicating that we could fall to around 9,300, perhaps lower. The Dow is looking strong, but it is not at a level where any of the big players are going to be rushing to buy. In simple terms, we are right for a correction, in fact, we badly need one. Next week may well provide the answer.
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