SPX and DAX - CFDs are the place to be | Page 38 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

NAS100 NASDAQ100 ONLY (ND and NQ Futures and CFDs) 227 replies

NAS100 NASDAQ100 Only (ND and NQ Futures and CFDs) 3 replies

Best Way To Track The S&P: SPX or SPY? 1 reply

finding good trades with Nasdaq, dow, spx, and dax 43 replies

US$/SPX/CL/HKG and Chinese Trading 1 reply

Attachments: SPX and DAX - CFDs are the place to be
Exit Attachments

SPX and DAX - CFDs are the place to be

  • #741
  • Aug 13, 2014 2:10am Aug 13, 2014 2:10am
Pending @9130 9125long.
:nerd:
  • #742
  • Aug 13, 2014 2:17am Aug 13, 2014 2:17am
good day

funny q@a here

1) hadox is right: NO one needs a 24/7-dax-indication. thatīs only a "very special service" from "friendly" brokers in order to generate extra-orders from the retail crowd. main dax-trading in german banks is from 09:00 - 17:30 h, definitely not before 08:00 h and not after 22:00 h.
2) therefore, gap-close is an often practiced intraday-tactic in german banks.
3) london opening is neither hypothetical nor empirical relevant for dax-trading.
fortis fortuna adiuvat
  • #743
  • Aug 13, 2014 2:20am Aug 13, 2014 2:20am
shorting

Attached Image (click to enlarge)
Click to Enlarge Name: ee.PNG Size: 39 KB
  • #744
  • Aug 13, 2014 2:22am Aug 13, 2014 2:22am
short @ 9150 sl 9160 tp 9120
fortis fortuna adiuvat
  • #745
  • Aug 13, 2014 2:27am Aug 13, 2014 2:27am
Quoting deltaone
good day funny q@a here 1) hadox is right: NO one needs a 24/7-dax-indication. thatīs only a "very special service" from "friendly" brokers in order to generate extra-orders from the retail crowd. main dax-trading in german banks is from 09:00 - 17:30 h, definitely not before 08:00 h and not after 22:00 h. 2) therefore, gap-close is an often practiced intraday-tactic in german banks. 3) london opening is neither hypothetical nor empirical relevant for dax-trading.
No one is saying you should trade out of market hours, except forex of course which as we knoe is round the clock, but if you use charts that do not show the out of hours price action, you will not have any data prior to the open, which is 7am here in London for the Dax. This will mean that the open surge in the market which always happens at that time, cannot be traded. This morning is a good example as my moving averages gave me a buy signal on the Dax from 6am. The only disadvantage trading before the market open is that spreads are typically 6x wider.
  • #746
  • Aug 13, 2014 2:32am Aug 13, 2014 2:32am
Quoting GlobalMacro
{quote} Hi KiwiOz, There is always a 10-hour pause in dax. It never trades continuously.
For most brokers that is correct. This chart shows what happened yesterday & today while most brokers were "Asleep" Hence the "Gaps" on most peoples charts.
Attached Image (click to enlarge)
Click to Enlarge Name: GER30M15.png Size: 40 KB
Money Makes Money
  • #747
  • Aug 13, 2014 2:35am Aug 13, 2014 2:35am
Quoting cat
{quote} No one is saying you should trade out of market hours, except forex of course which as we knoe is round the clock, but if you use charts that do not show the out of hours price action, you will not have any data prior to the open, which is 7am here in London for the Dax. This will mean that the open surge in the market which always happens at that time, cannot be traded. This morning is a good example as my moving averages gave me a buy signal on the Dax from 6am. The only disadvantage trading before the market open is that spreads are...
Unfortunately correct.
Money Makes Money
  • #748
  • Aug 13, 2014 2:45am Aug 13, 2014 2:45am
I should add that on balance, I seldom trade the Dax before the open, you just never know which way it's going to spike, though today was an exception. If I am up early enough, I'll see whether there's anything worth taking on any of the fx pairs, though I've stopped trading fx for the most part, the Dax for me is far less schizophrenic and offers far greater profit potential than fx has become of late.
  • #749
  • Aug 13, 2014 3:28am Aug 13, 2014 3:28am
Quoting cat
{quote} No one is saying you should trade out of market hours, except forex of course which as we knoe is round the clock, but if you use charts that do not show the out of hours price action, you will not have any data prior to the open, which is 7am here in London for the Dax. This will mean that the open surge in the market which always happens at that time, cannot be traded. This morning is a good example as my moving averages gave me a buy signal on the Dax from 6am. The only disadvantage trading before the market open is that spreads are typically...
i disagree:
at 7:00 london time, you have the pre-day low, high, close, opening price. you have the trendlines (200d, 90d). you have pivots and the volume from eurex.
i donīt trade dax before 09:00 and not after 17:30 - you donīt have the cashprice, which is elementary for me (no arbitrage pricing possible). but each man to his own.
fortis fortuna adiuvat
  • #750
  • Aug 13, 2014 3:32am Aug 13, 2014 3:32am
Quoting deltaone
short @ 9150 sl 9160 tp 9120
sl hit.
fortis fortuna adiuvat
  • #751
  • Aug 13, 2014 3:46am Aug 13, 2014 3:46am
Quoting deltaone
{quote} i disagree: at 7:00 london time, you have the pre-day low, high, close, opening price. you have the trendlines (200d, 90d). you have pivots and the volume from eurex. i donīt trade dax before 09:00 and not after 17:30 - you donīt have the cashprice, which is elementary for me (no arbitrage pricing possible). but each man to his own.
indeed, which is why we have winners and losers, without which, there would be no market to trade.
  • #752
  • Edited 4:23am Aug 13, 2014 3:53am | Edited 4:23am
9186 ( H1 200ema ) is key resistance for the Dax, and a good place to take profits for those who are long depending on how the price reacts assuming we reach it.

ps- it's good that the price has stalled a bit shy of the level stated above because it might bring some buyers into it shortly which could send it above this level, so worth hanging on in there in my opinion as technically this should go higher.
  • #753
  • Edited 5:08am Aug 13, 2014 4:22am | Edited 5:08am
short @9163 sl 9173 tp 9133

puff sl hit. -10
fortis fortuna adiuvat
  • #754
  • Edited 6:08am Aug 13, 2014 4:28am | Edited 6:08am
Quoting KiwiOz
{quote} For most brokers that is correct. This chart shows what happened yesterday & today while most brokers were "Asleep" Hence the "Gaps" on most peoples charts. {image}
KiwiOz,

It has nothing to do with any brokers whatsoever.
Dax index can only be traded as futures on an Exchange in the real world unlike FX market which is OTC and open 24/7.

The Futures Exchange is closed every business day from 10p.m. to 8a.m. local time. and only open 14/5.

CFD brokers price their products off DAX Future which is traded on the above-mentioned Exchange.
Anything indicated by your brokers during the time at which the Exchange is closed , is pure estimation by your brokers.

Now if that estimation helps you in making better trading decisions, then more power to you.

But be aware that those estimated prices have no basis in reality when using them.

Happy Trading,
GM
Hear the music before the song is over ...
  • #755
  • Aug 13, 2014 5:16am Aug 13, 2014 5:16am
long @ 9165 tp hit for 20pips

Quoting deltaone
short @9163 sl 9173 tp 9133 puff sl hit. -10
deltaone maybe this link can help you link http://www.investing.com/indices/germany-30-components

Personally, I trade with the DAX components. So for example I don't take shorts when the majority of the DAX components are up for the day and vise versa. It isn't to say the DAX can't drop, but it helps as a filter if you keep an eye on it.
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 65 KB
  • #756
  • Aug 13, 2014 5:19am Aug 13, 2014 5:19am
the battle of the 9100 9150 of the 9175
if the combatants do not take the position 175 ....
we go back around 9150 lol you have the money to buy a newspaper ??
look what news the're today )
  • #757
  • Aug 13, 2014 5:19am Aug 13, 2014 5:19am
Quoting pierre23
long @ 9165 tp hit for 20pips {quote} deltaone maybe this link can help you link http://www.investing.com/indices/germany-30-components Personally, I trade with the DAX components. So for example I don't take shorts when the majority of the DAX components are up for the day and vise versa. It isn't to say the DAX can't drop, but it helps as a filter if you keep an eye on it. {image}
Hi pierre23,

Personally I like your idea and will give it a try many thanks for sharing..

Happy Trades
Focus only on what truly matters!
  • #758
  • Aug 13, 2014 5:20am Aug 13, 2014 5:20am
Quoting pierre23
long @ 9165 tp hit for 20pips {quote} deltaone maybe this link can help you link http://www.investing.com/indices/germany-30-components Personally, I trade with the DAX components. So for example I don't take shorts when the majority of the DAX components are up for the day and vise versa. It isn't to say the DAX can't drop, but it helps as a filter if you keep an eye on it. {image}
congratulations and thanks.
fortis fortuna adiuvat
  • #759
  • Aug 13, 2014 5:29am Aug 13, 2014 5:29am
Nice trade Pierre, 20 pips is more then enough on of short duration. Good tip will remember to keep an eye on those companies
  • #760
  • Aug 13, 2014 5:35am Aug 13, 2014 5:35am
short @9169 sl 6179 tp 6139
fortis fortuna adiuvat
0 traders viewing now