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SPX and DAX - CFDs are the place to be

  • #1,021
  • Aug 17, 2014 1:06am Aug 17, 2014 1:06am
Quoting mv6
{image}
Why the significance of the blue zone versus your red line (or mine, sorry for the crude crayon-style...)? The RSI? And what about the 'green' zone? Would appreciate your input, thanks!

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Fail better.
  • #1,022
  • Aug 17, 2014 3:57am Aug 17, 2014 3:57am
Quoting Rtm
{quote} Why even ask if you just going to stick to your 'clean' charts. never ever pay 3k for an indicator unless it give you permission to central banks orderflow
Honestly i dont why i asked..Was curious wha someone else could say.I never pay for an indi or a webinar or something lol.
I Don't Like To Talk Too Much
  • #1,023
  • Aug 17, 2014 6:11am Aug 17, 2014 6:11am
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coming,coming a decline season!!!!
no other killers to me but emotion
  • #1,024
  • Aug 17, 2014 6:28am Aug 17, 2014 6:28am
Hi Guys - How many of you guys are taking short on DAX?

Dax is so sensitive with the ukraine news and having seen this on the papers today this should have a huge affect on dax on monday. Especially as Russia is involved now...

http://www.theguardian.com/world/201...-jet-shot-down
Skype ID - jagpal.kooner1
  • #1,025
  • Aug 17, 2014 7:05am Aug 17, 2014 7:05am
Quoting Mr Mao
{image} coming,coming a decline season!!!!
possible but not so sure on st, over-liquidity has to dry up first imo, what constructs your blue channel lines?
Don't be a hero. Don't have an ego. Always question yourself
  • #1,026
  • Aug 17, 2014 8:39am Aug 17, 2014 8:39am
Quoting jagpalsingh
Hi Guys - How many of you guys are taking short on DAX? Dax is so sensitive with the ukraine news and having seen this on the papers today this should have a huge affect on dax on monday. Especially as Russia is involved now... http://www.theguardian.com/world/201...-jet-shot-down
News is only a trigger. DAX has built up for a big drop for months.

http://www.forexfactory.com/showthre...08#post7610608
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #1,027
  • Aug 17, 2014 12:54pm Aug 17, 2014 12:54pm
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, there´s an arbitrage, algos are used to exploit this arbitrage potentials with high volume, so they disappear fast.) if you are trading cfd, it´s spread betting:...
thanks & you to @hadox

But what about the technical part? I mean, it really respects trendlines , S/R, fibs etc.. But why? How i understand it, one can not move the index with big money, but only the shares in it right? therefor why does it bounce of a resistence when there actualy aint no real money pushing the dax back? Is it just the human behavor that reflects on the dax, what happens on the real shares?

Hope you guys understand.
  • #1,028
  • Aug 17, 2014 10:58pm Aug 17, 2014 10:58pm
Dax is about to open at 9180 ish. just moved up from 9167 to 9183.. Probably go to 9220 before rolling over.
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Money Makes Money
  • #1,029
  • Aug 17, 2014 11:00pm Aug 17, 2014 11:00pm
Quoting KiwiOz
Dax is about to open at 9180 ish. just moved up from 9167 to 9183.. Probably go to 9220 before rolling over. {image}
There is a GAP from 9141 to 9160 from the Asian open 9 hrs ago.
Money Makes Money
  • #1,030
  • Aug 17, 2014 11:01pm Aug 17, 2014 11:01pm
Quoting KiwiOz
Dax is about to open at 9180 ish. just moved up from 9167 to 9183.. Probably go to 9220 before rolling over. {image}
Wow 9243. Going short.
Money Makes Money
  • #1,031
  • Aug 17, 2014 11:10pm Aug 17, 2014 11:10pm
Quoting KiwiOz
Dax is about to open at 9180 ish. just moved up from 9167 to 9183.. Probably go to 9220 before rolling over. {image}

Hi KO - thanks for the info - I sold the open too and took a quick +20 to start my week

I see that on my charts the S&P has already retraced all of Friday's fall.....the DAX has ~80 pts to do so.....
Trading Levels with WRBs
  • #1,032
  • Aug 17, 2014 11:22pm Aug 17, 2014 11:22pm
Quoting Islander
{quote} Hi KO - thanks for the info - I sold the open too and took a quick +20 to start my week I see that on my charts the S&P has already retraced all of Friday's fall.....the DAX has ~80 pts to do so.....
Yeah the Spx is a little more excitable than the Dax. They both have gaps to fill. Gonna be interesting if Gold falls later. Could see Dax n Spx go higher. ??
Money Makes Money
  • #1,033
  • Aug 17, 2014 11:45pm Aug 17, 2014 11:45pm
Quoting KiwiOz
{quote} Yeah the Spx is a little more excitable than the Dax. They both have gaps to fill. Gonna be interesting if Gold falls later. Could see Dax n Spx go higher. ??
It would be nice to have a fall to at least today's pivot ~9165 and I still have a partial sell open.....now coffee and waiting for London and the Xetra....
Trading Levels with WRBs
  • #1,034
  • Aug 17, 2014 11:48pm Aug 17, 2014 11:48pm
Quoting Islander
{quote} It would be nice to have a fall to at least today's pivot ~9165 and I still have a partial sell open.....now coffee and waiting for London and the Xetra....
Can't see any problem getting back to the pivot.
Money Makes Money
  • #1,035
  • Aug 18, 2014 12:28am Aug 18, 2014 12:28am
No resistance until circa 9290 now (R1)
  • #1,036
  • Aug 18, 2014 12:51am Aug 18, 2014 12:51am
Quoting fxdk
{quote} thanks & you to @hadox But what about the technical part? I mean, it really respects trendlines , S/R, fibs etc.. But why? How i understand it, one can not move the index with big money, but only the shares in it right? therefor why does it bounce of a resistence when there actualy aint no real money pushing the dax back? Is it just the human behavor that reflects on the dax, what happens on the real shares? Hope you guys understand.
take a look at this quick google search; http://en.wikipedia.org/wiki/DAX

"According to Deutsche Börse, the operator of Xetra, DAX measures the performance of the Prime Standard’s 30 largest German companies in terms of order book volume and market capitalization"

something about capitalization-weigthed index;

http://en.wikipedia.org/wiki/Capital...weighted_index


regarding the respect of fibs, trendlines, S/R.. pretty subjective topic - unless you know that the majority find the levels the same way as you.. and like 90 % of the analysis you read on the interweb - it's always after the fact - people like to talk about how the price respected the fib/trendline/SR - AFTER it happened - not before, not during the test.. the thing is you never now if the area/level is going to hold.. and if you can't analyse / trade in real time - well, it's kinda worthless - and everything suddenly looks like a piece of cake..

Inserted Video


one advice which helped my a lot - don't overthink everything - keep it simple..
Patience is a virtue...
  • #1,037
  • Aug 18, 2014 12:52am Aug 18, 2014 12:52am
Russian Foreign Minister Lavrov giving a conference......said no progress on a ceasefire in Ukraine......looks like this news stopped the attempted rally....it hit the wires at 7:27 gmt....
Trading Levels with WRBs
  • #1,038
  • Aug 18, 2014 12:54am Aug 18, 2014 12:54am
Quoting KiwiOz
{quote} Wow 9243. Going short.
I got in at 9241 short. Hope it tanks from here.
  • #1,039
  • Aug 18, 2014 1:06am Aug 18, 2014 1:06am
GM, ALL.
Take one trade, a bit late,'cause go in @9242,not 925X.
Banked some pips.
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See the Fibo and Divergence in M5.
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  • #1,040
  • Aug 18, 2014 2:23am Aug 18, 2014 2:23am
Quoting fxdk
{quote} thanks & you to @hadox But what about the technical part? I mean, it really respects trendlines , S/R, fibs etc.. But why? How i understand it, one can not move the index with big money, but only the shares in it right? therefor why does it bounce of a resistence when there actualy aint no real money pushing the dax back? Is it just the human behavor that reflects on the dax, what happens on the real shares? Hope you guys understand.
Trading isn't done by humans anymore, it's algo's and models and computers. Think of those algo's are built, and what triggers their movements.
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