SPX and DAX - CFDs are the place to be | Page 37 | Forex Factory

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SPX and DAX - CFDs are the place to be

  • #721
  • Aug 13, 2014 2:56am Aug 13, 2014 2:56am
Quoting PrymeTyme
{quote} see.. H1 {image}
hmmm...
I Don't Like To Talk Too Much
  • #722
  • Aug 13, 2014 3:02am Aug 13, 2014 3:02am
Quoting Godan94
{quote} I'm curious too see if london will close again the gap .
Hey Godan. Forget about the Dax gaps. You are only seeing gaps because as I explained yesterday your broker does not trade the Dax 24/5.
Money Makes Money
  • #723
  • Aug 13, 2014 3:05am Aug 13, 2014 3:05am
Quoting Godan94
Does H1 and H4 looks to you like a H&S with the gap that we had today?
Good spot! 1H looks good to me! bought some DAX
All posts are my personal opinion
  • #724
  • Aug 13, 2014 3:05am Aug 13, 2014 3:05am
Dax..
An inverted H&S appears to have formed on the 4H chart. If it plays out price will move up through the purple line & target 9480.
A move South through the lower purple line will target 8990.
Attached Image (click to enlarge)
Click to Enlarge Name: GER30H4.png Size: 31 KB
Money Makes Money
  • #725
  • Aug 13, 2014 3:05am Aug 13, 2014 3:05am
Quoting KiwiOz
{quote} Hey Godan. Forget about the Dax gaps. You are only seeing gaps because as I explained yesterday your broker does not trade the Dax 24/5.
So you are saying that with a broker that doesnt trade DAX 14/5 us you see i got gaps because of none trading time and not gaps because of some news or etc.?
I Don't Like To Talk Too Much
  • #726
  • Aug 13, 2014 3:06am Aug 13, 2014 3:06am
Probably just about the top on s&p… guess we could still go higher though...
  • #727
  • Aug 13, 2014 3:08am Aug 13, 2014 3:08am
Quoting Godan94
{quote} So you are saying that with a broker that doesnt trade DAX 14/5 us you see i got gaps because of none trading time and not gaps because of some news or etc.?
That's correct. Check the charts I posted yesterday for you. Page 31...Cheers
Money Makes Money
  • #728
  • Aug 13, 2014 3:11am Aug 13, 2014 3:11am
For those using charts which shut down during non-trading hours, my advice is to find a broker supplying charts that show all date, 24/5. The reason is that if you do not have this data, upon the open, all your indicators, especially moving averages will be scewed, and will not tell you anything until, according to the time frame, they have had a chance to realign. I only use charts showing open and close data.
  • #729
  • Aug 13, 2014 3:11am Aug 13, 2014 3:11am
Quoting KiwiOz
Dax.. An inverted H&S appears to have formed on the 4H chart. If it plays out price will move up through the purple line & target 9480. A move South through the lower purple line will target 8990. {image}
SPX & DJ. Same scenario..
Attached Image (click to enlarge)
Click to Enlarge Name: SPX500H4.png Size: 35 KB
Money Makes Money
  • #730
  • Aug 13, 2014 3:13am Aug 13, 2014 3:13am
Quoting KiwiOz
{quote} That's correct. Check the charts I posted yesterday for you. Page 31...Cheers
I just checked again.Thanks .
I Don't Like To Talk Too Much
  • #731
  • Aug 13, 2014 3:15am Aug 13, 2014 3:15am
nice buying opportunity ...


Attached Image (click to enlarge)
Click to Enlarge Name: ee.PNG Size: 46 KB
  • #732
  • Aug 13, 2014 3:18am Aug 13, 2014 3:18am
IMO one should either use the cash market close or the close of the futures - that way you're using the same levels/areas as the real money - just because your broker is open 24/5 doesn't mean you should trade it 24/5 - especially not when the exhanges are closed - however, you do have a more flexible position, which is good if you're holding positions overnight..
Patience is a virtue...
  • #733
  • Aug 13, 2014 3:32am Aug 13, 2014 3:32am
Hi people, this is looking like an interesting thread, subscribed. Short question: does anyone know a broker where you can trade indices with a lotsize that translates into less than 1 USD (EUR) per point?
LD
Fail better.
  • #734
  • Aug 13, 2014 3:37am Aug 13, 2014 3:37am
Quoting LarryDarrell
Hi people, this is looking like an interesting thread, subscribed. Short question: does anyone know a broker where you can trade indices with a lotsize that translates into less than 1 USD (EUR) per point? LD
fxcm provides a micro account where I believe one can trade for as little as 10 cents, I know that applies to currencies, you'll have to see if it applies to indecis as well.
  • #735
  • Aug 13, 2014 3:40am Aug 13, 2014 3:40am
Quoting LarryDarrell
Hi people, this is looking like an interesting thread, subscribed. Short question: does anyone know a broker where you can trade indices with a lotsize that translates into less than 1 USD (EUR) per point? LD
You can on FXCM.1 micro lot is 10cents.
I Don't Like To Talk Too Much
  • #736
  • Aug 13, 2014 3:42am Aug 13, 2014 3:42am
Quoting LarryDarrell
Hi people, this is looking like an interesting thread, subscribed. Short question: does anyone know a broker where you can trade indices with a lotsize that translates into less than 1 USD (EUR) per point? LD

i guess oanda offers CFDs too.. maybe take a look at them..
  • #737
  • Aug 13, 2014 3:52am Aug 13, 2014 3:52am
Quoting cat
{quote} fxcm provides a micro account where I believe one can trade for as little as 10 cents, I know that applies to currencies, you'll have to see if it applies to indecis as well.
Yep that they do but as with most of them there is that 11 hr gap. Very few trade the Dax 24/5 IG does but as I said before their conditions are crap.
Easier to have an IG demo account so you can use it to plan your trades whilst trading on your live account.
Money Makes Money
  • #738
  • Aug 13, 2014 3:53am Aug 13, 2014 3:53am
Thank you, I will look into it and talk to those borkers.
Fail better.
  • #739
  • Aug 13, 2014 4:07am Aug 13, 2014 4:07am
Quoting KiwiOz
{quote} Yep that they do but as with most of them there is that 11 hr gap. Very few trade the Dax 24/5 IG does but as I said before their conditions are crap. Easier to have an IG demo account so you can use it to plan your trades whilst trading on your live account.
Hi KiwiOz,
There is always a 10-hour pause in dax. It never trades continuously.
Hear the music before the song is over ...
  • #740
  • Aug 13, 2014 4:08am Aug 13, 2014 4:08am
Quoting KiwiOz
{quote} Yep that they do but as with most of them there is that 11 hr gap. Very few trade the Dax 24/5 IG does but as I said before their conditions are crap. Easier to have an IG demo account so you can use it to plan your trades whilst trading on your live account.
There are some excellent brokers who offer very tight spreads but who do not offer decent charting software. The broker I use offer IT Finance charts, the best in my opinion, as tighter spreads as you'll find, and the charts are 24/5. You'll find it on my profile page.
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