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SPX and DAX - CFDs are the place to be

  • #601
  • Aug 11, 2014 4:46am Aug 11, 2014 4:46am
Quoting ZA Rhino
Just curious is there anyone in this forum (DAX and SPX) that uses Value Area and POC as a basis to their trading strategy?
do NN count?
All posts are my personal opinion
  • #602
  • Aug 11, 2014 5:10am Aug 11, 2014 5:10am
Quoting ZA Rhino
Just curious is there anyone in this forum (DAX and SPX) that uses Value Area and POC as a basis to their trading strategy?
for me >>>>> i am using ichimoku kinko hyo
  • #603
  • Aug 11, 2014 6:16am Aug 11, 2014 6:16am
Quoting jw1981
{quote} Should we start a similar thread for FTSE?? Or just post here?
Feel free to post stuff on FTSE here, as well as any other CFDs you're trading
  • #604
  • Aug 11, 2014 6:29am Aug 11, 2014 6:29am
Quoting ZA Rhino
Just curious is there anyone in this forum (DAX and SPX) that uses Value Area and POC as a basis to their trading strategy?
I tend to use Value Area for intraday stuff, but in combination with VA falling into a larger and older S/D and then I look for a move confirmed by tick range chart + cumulative delta + candle pattern on m15. Sometimes for intraday, I will miss the first push to see if the momentum is building, but then catch the major move until it's exhausted.

However I don't find point of control that useful, it doesn't tell me anything new that isn't already obvious from the chart. I think it also depends on the individual trading style. I have a way of figuring out the most likely turn points through cross timeframe analysis of S/D and volume so I have no need to know if buyers took control yesterday at a particular price. For other people, they might be only looking to analyse hourly charts and they will find POC useful.
  • #605
  • Aug 11, 2014 6:56am Aug 11, 2014 6:56am
Quoting Jeffray
Hey Islander, good to see you in here! I was a sideline reader of Rooi's thread and Iam really a fan of your trading! learnt alot from you btw As I really like to trade/scalp the DAX off of the M1 Chart, since a couple of weeks, I think this is a nice place to share/post and learn
Hi Jeffray - you too - as the title says, its the place to be

@ ZA Rhino - I followed MZVega's thread for a while, but found it above my pay grade.....
Trading Levels with WRBs
  • #606
  • Aug 11, 2014 12:44pm Aug 11, 2014 12:44pm
15pts. 3rd entry way too late should of been 74 exit but still made it. I'm off! Good day
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  • #607
  • Aug 11, 2014 12:51pm Aug 11, 2014 12:51pm
Quote
However I don't find point of control that useful
Not sure about that - today price touched a previous untouched POC (9192) and stopped in its tracks.
Tomorrow we may still move on to the next untouched POC...
Carpe Vinum.
  • #608
  • Aug 11, 2014 1:01pm Aug 11, 2014 1:01pm
Quoting ZA Rhino
{quote} Not sure about that - today price touched a previous untouched POC (9192) and stopped in its tracks. Tomorrow we may still move on to the next untouched POC...
I scalp DAX on m1 with clean charts.S/R on M1 work perfect,just be patient.
I Don't Like To Talk Too Much
  • #609
  • Aug 11, 2014 1:34pm Aug 11, 2014 1:34pm
Quoting Islander
{quote} Hi Jeffray - you too - as the title says, its the place to be @ ZA Rhino - I followed MZVega's thread for a while, but found it above my pay grade.....
Islander, one quick question, which s&r indi are you using on your DAX chart?
  • #610
  • Aug 11, 2014 2:29pm Aug 11, 2014 2:29pm
Quoting Godan94
{quote} I scalp DAX on m1 with clean charts.S/R on M1 work perfect,just be patient.
Yes me too, but you have to know the market conditions and the overall sentiment of the market. cant just follow S/R blindly or you wont do very well. Bought 5 contracts at 9130 holding for 9500
All posts are my personal opinion
  • #611
  • Aug 11, 2014 2:58pm Aug 11, 2014 2:58pm
Which indicators or strategy are you guys using for DAX? Also what's your predictions for tmw
on Dax
Skype ID - jagpal.kooner1
  • #612
  • Aug 11, 2014 3:16pm Aug 11, 2014 3:16pm
Quoting Rtm
{quote} Yes me too, but you have to know the market conditions and the overall sentiment of the market. cant just follow S/R blindly or you wont do very well. Bought 5 contracts at 9130 holding for 9500
I look also on higher timefreams M5 M15 nad H1.There are only two things that i care are S/R and market structure.
I Don't Like To Talk Too Much
  • #613
  • Aug 11, 2014 3:18pm Aug 11, 2014 3:18pm
I use somethimes Daily pivots point for some some scalp trades most like 5-7-10 pips.One question about DAX.When it opens with a gap does it always closing it ?Last 2 days that we had a gap DAX closed it.
I Don't Like To Talk Too Much
  • #614
  • Aug 11, 2014 3:58pm Aug 11, 2014 3:58pm
Quoting Godan94
I use somethimes Daily pivots point for some some scalp trades most like 5-7-10 pips.One question about DAX.When it opens with a gap does it always closing it ?Last 2 days that we had a gap DAX closed it.
Different brokers have different gaps, and maybe it will but it could go 1000 points away before coming back! Or maybe it doesnt close the gap for 10 years
All posts are my personal opinion
  • #615
  • Aug 11, 2014 3:59pm Aug 11, 2014 3:59pm
Quoting Godan94
I use somethimes Daily pivots point for some some scalp trades most like 5-7-10 pips.One question about DAX.When it opens with a gap does it always closing it ?Last 2 days that we had a gap DAX closed it.
Hi Godan94,

I read somewhere that statistically at least half the gap fills 81% of the time. There are many strategies on web where traders try to make profit just by trading gaps. Since you will never be 100% sure of any trading day's fill, you have to know what you are doing.

Happy Trades
Focus only on what truly matters!
  • #616
  • Aug 11, 2014 5:35pm Aug 11, 2014 5:35pm
Quoting Godan94
I use somethimes Daily pivots point for some some scalp trades most like 5-7-10 pips.One question about DAX.When it opens with a gap does it always closing it ?Last 2 days that we had a gap DAX closed it.
what this guys does n't know about gaps, probably isn't worth knowing
http://www.masterthegap.com/
  • #617
  • Aug 11, 2014 8:51pm Aug 11, 2014 8:51pm
Quoting Godan94
I use somethimes Daily pivots point for some some scalp trades most like 5-7-10 pips.One question about DAX.When it opens with a gap does it always closing it ?Last 2 days that we had a gap DAX closed it.
Most gaps are closed on most pairs including the Dax. However the Dax is not always to be relied upon for gap closing. It all depends on which broker you use. The reason being that not very few brokers run the Dax 24/5. Most brokers run the Dax 15/5. In my case I have no Dax feed from 7am to 4pm. 4pm my time is when the German exchange opens. I often have "Gaps" at the German open on my trading chart. Luckily trading on the Dax is just a little sideways movement from 7am to 4pm my time. To counter this I run a chart from IG Markets alongside my trading chart so I can monitor the Dax until German opening. I don't trade with the IG chart because their leverage, spreads, stop loss spreads etc are pure crap. Not trader friendly at all.
The IG chart hardly ever shows a gap. It also gives a truer reading of price action due to it's 24/5 candles. If you look closely at these 2 charts you will see the differences.
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Money Makes Money
  • #618
  • Aug 12, 2014 1:03am Aug 12, 2014 1:03am
Quoting Jeffray
{quote} Islander, one quick question, which s&r indi are you using on your DAX chart?
I use an indicator called SR Zones that updates a colored rectangle that I place manually.....its the second indy that you find via the paper-clip in my old thread...the other yellow or blue lines are from KO's thread and are his Magnetic Lines.....still work in progress on the lower TFs....
Trading Levels with WRBs
  • #619
  • Aug 12, 2014 1:28am Aug 12, 2014 1:28am
well...
pretty slow moving on FO so far

still holding on on my sell order at 9169 with decrasing momentum on my M1 RSI.
Have to sit it out until LO I reckon
  • #620
  • Aug 12, 2014 1:46am Aug 12, 2014 1:46am
Quoting Jeffray
well... pretty slow moving on FO so far still holding on on my sell order at 9169 with decrasing momentum on my M1 RSI. Have to sit it out until LO I reckon
Agreed / remember the ZEW Economic Sentiment Index comes out in a couple of hours and its an important one.....I'm out all day giving tuition at sea...
Trading Levels with WRBs
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