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SPX and DAX - CFDs are the place to be

  • #681
  • Aug 12, 2014 9:45am Aug 12, 2014 9:45am
short @ 9082, sl 9092 tp 9052
fortis fortuna adiuvat
  • #682
  • Aug 12, 2014 9:51am Aug 12, 2014 9:51am
Quoting Ck87
Pretty incredible s&p still up here
Looks like today is a POMO day - source http://www.newyorkfed.org/markets/to..._schedule.html
the POMO numbers ain't what they used to be but maybe there is unreported 'backdoor pomo' going on somewhere......
  • #683
  • Aug 12, 2014 10:01am Aug 12, 2014 10:01am
Quoting deltaone
short @ 9082, sl 9092 tp 9052
sl = breakeven now.
fortis fortuna adiuvat
  • #684
  • Aug 12, 2014 10:05am Aug 12, 2014 10:05am
Good Evening all !!!
The best thing that can happen to you is to find out where you're wrong.
  • #685
  • Aug 12, 2014 10:06am Aug 12, 2014 10:06am
Quoting deltaone
{quote} sl = breakeven now.
tp hit +30
fortis fortuna adiuvat
  • #686
  • Aug 12, 2014 10:10am Aug 12, 2014 10:10am
Quoting deltaone
{quote} tp hit +30
sehr beeindruckend (that is supposed to say 'very impressive' but I'm never 100% with google translate....)
Have you got a graph for that one?
Cheers
  • #687
  • Aug 12, 2014 10:18am Aug 12, 2014 10:18am
I think I'm going to start playing the 'DAX round number reversal game'. I swear the DAX decides to change direction at certain 'big numbers', yesterday it was 9200, today's interesting numbers were 9170, 9130 and just now 9050
  • #688
  • Aug 12, 2014 10:29am Aug 12, 2014 10:29am
Quoting jonnypants
{quote} sehr beeindruckend (that is supposed to say 'very impressive' but I'm never 100% with google translate....) Have you got a graph for that one? Cheers
Danke! In this case the google translater worked fine. I'm outside (playground with my kids, smartphone...), so no graph. Maybe later.
fortis fortuna adiuvat
  • #689
  • Aug 12, 2014 11:04am Aug 12, 2014 11:04am
hey peps..

i have a question that keeps my mind bussy thinking about how it Works, and i will try to explain it and mayby get my finall answer..

It is about indicies.. How does indicies Trading Work? Does the trader acctually hold a share of all the shares, or does it just Work as a cfd and you just gamble on the Price difference? If it is just the Price difference without being in the actual market as a share, how can it be traded technicaly? When the index Price hits a ressisitance how can a trader know that all the shares based on the index is acctually going to rewerse? Is it just human psykologi and the odds goes in our favor?

And if you make money on trading cfd contracts , is it then brokers money you get?

I hope you Guys can answer, and understand my question in my poor English..
  • #690
  • Aug 12, 2014 11:25am Aug 12, 2014 11:25am
Quoting jonnypants
{quote} sehr beeindruckend (that is supposed to say 'very impressive' but I'm never 100% with google translate....) Have you got a graph for that one? Cheers
now: idea behind this trade was "shorting the daily low -1"
dax was in a downtrend, could not hold Pivotpoint nor S1 and made a daily low at 15:12 h (9082,7). so my plan was to enter short when a new low was made, with a good risk-reward ratio (-10/+30).

http://td.md.it-finance.com/ProRealT...g&purpose=file

p.s.: 15:12 h is correct. IT-Finance/ProRealtime uses other timezone than me.
fortis fortuna adiuvat
  • #691
  • Aug 12, 2014 11:55am Aug 12, 2014 11:55am
Quoting fxdk
hey peps.. i have a question that keeps my mind bussy thinking about how it Works, and i will try to explain it and mayby get my finall answer.. It is about indicies.. How does indicies Trading Work? Does the trader acctually hold a share of all the shares, or does it just Work as a cfd and you just gamble on the Price difference? If it is just the Price difference without being in the actual market as a share, how can it be traded technicaly? When the index Price hits a ressisitance how can a trader know that all the shares based on the index is...
not quite sure about this, and someone else prolly knows more than me, anyway.. you dont own any shares when you're trading cfd (you dont get any dividend) your broker makes the price from futures (which goes trough an exchange) and the price from futures is being calculated by an average.. so yes its your brokers money, but the money might as well come from a person on the opposite side of you... someone correct me if I'm wrong..
Patience is a virtue...
  • #692
  • Aug 12, 2014 12:13pm Aug 12, 2014 12:13pm
Quoting deltaone
{quote} now: idea behind this trade was "shorting the daily low -1" dax was in a downtrend, could not hold Pivotpoint nor S1 and made a daily low at 15:12 h (9082,7). so my plan was to enter short when a new low was made, with a good risk-reward ratio (-10/+30). {image} p.s.: 15:12 h is correct. IT-Finance/ProRealtime uses other timezone than me.
Good work today with the DAX.
Today's levels were legible from fibo.
Attached Image (click to enlarge)
Click to Enlarge Name: de-30-m5.png Size: 64 KB
  • #693
  • Aug 12, 2014 12:22pm Aug 12, 2014 12:22pm
Quoting fxdk
hey peps.. i have a question that keeps my mind bussy thinking about how it Works, and i will try to explain it and mayby get my finall answer.. It is about indicies.. How does indicies Trading Work? Does the trader acctually hold a share of all the shares, or does it just Work as a cfd and you just gamble on the Price difference? If it is just the Price difference without being in the actual market as a share, how can it be traded technicaly? When the index Price hits a ressisitance how can a trader know that all the shares based on the index is...
it depends:
if you are trading a dax-etf which is not swap-based (synthetic), you are trading the 30 stocks all at once like a packet of shares, capital weighted.
if you are tradind FDAX via Eurex, you are just trading the future price of the index (which has a definit relation to the kassa-market, would take too long to explain this. if this relation is not valid for seconds/minutes, thereīs an arbitrage, algos are used to exploit this arbitrage potentials with high volume, so they disappear fast.)
if you are trading cfd, itīs spread betting: your broker is living out of the spread and is hedged at any moment, generating risk-free profits. he is just a service provider, one can say. i would NEVER use a broker with own price setting, this would be gambling, indeed.

@hadox: a good broker will pay you dividends, mine is doing so.
edit: if i would hold a position overnight, which i dont do.
fortis fortuna adiuvat
  • #694
  • Aug 12, 2014 12:24pm Aug 12, 2014 12:24pm
Quoting theXfiles
{quote} Good work today with the DAX. Today's levels were legible from fibo. {image}
thanks! so you use fibo in daytrading?
fortis fortuna adiuvat
  • #695
  • Aug 12, 2014 12:37pm Aug 12, 2014 12:37pm
Quoting deltaone
{quote} thanks! so you use fibo in daytrading?
Basically yes, indicate higher TF levels, then looking for the perfect enter on M1.
Like you today with shorts
  • #696
  • Aug 12, 2014 12:42pm Aug 12, 2014 12:42pm
Quoting theXfiles
{quote} Basically yes, indicate higher TF levels, then looking for the perfect enter on M1. Like you today with shorts
thanks for your reply. i see. good luck! iīm done with dax for today, after 17.30 h close, liquidity shrinks, FDAX movements are mainly caused by movements at nyse, so i prefer dow-scalping.
fortis fortuna adiuvat
  • #697
  • Aug 12, 2014 1:00pm Aug 12, 2014 1:00pm
Quoting deltaone
{quote} it depends: if you are trading a dax-etf which is not swap-based (synthetic), you are trading the 30 stocks all at once like a packet of shares, capital weighted. if you are tradind FDAX via Eurex, you are just trading the future price of the index (which has a definit relation to the kassa-market, would take too long to explain this. if this relation is not valid for seconds/minutes, thereīs an arbitrage, algos are used to exploit this arbitrage potentials with high volume, so they disappear fast.) if you are trading cfd, itīs spread betting:...
thx, I didn't know that..
Patience is a virtue...
  • #698
  • Aug 12, 2014 1:07pm Aug 12, 2014 1:07pm
Quoting theXfiles
{quote} Good work today with the DAX. Today's levels were legible from fibo. {image}
Excuse the Macklemore plagiarism but 'this is fooking awesome'! re your graph
How did you calculate the mid at 9051.8?
Thanks
  • #699
  • Aug 12, 2014 1:08pm Aug 12, 2014 1:08pm
Quoting hadox
{quote} thx, I didn't know that..
youīre welcome.
fortis fortuna adiuvat
  • #700
  • Aug 12, 2014 1:13pm Aug 12, 2014 1:13pm
Quoting deltaone
{quote} it depends: if you are trading a dax-etf which is not swap-based (synthetic), you are trading the 30 stocks all at once like a packet of shares, capital weighted. if you are tradind FDAX via Eurex, you are just trading the future price of the index (which has a definit relation to the kassa-market, would take too long to explain this. if this relation is not valid for seconds/minutes, thereīs an arbitrage, algos are used to exploit this arbitrage potentials with high volume, so they disappear fast.) if you are trading cfd, itīs spread betting:...
deltaone is it possible to trade FDAX using DMA (direct market access)?
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