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SPX and DAX - CFDs are the place to be

  • #1,061
  • Aug 19, 2014 7:33am Aug 19, 2014 7:33am
Quoting KiwiOz
{quote} Just a natural occurrence that happens with the Dax every day. Nothing can be done about it. You are using a broker that is not "open" until the German exchange opens. By that time the "Gap" has moved the price, in this case to 9240. Nothing your broker can do about it. regard yourself as lucky to have had the forethought of a pending buy order in anticipation of a move North. Just unlucky 1/2 the move was pre opening time. Edit. Advice for all. Get yourselves a demo platform from IG Markets so you can watch what happens with the DAX during...

Yes definitely I think I need to get one where I can see what happens after market close here in UK. I will do that. Thanks for the advice, probably I was at mistake by placing an order above market price after market close and got filled at the first available price which in my case was 9240. Just a word of caution for everybody, we can take a cue from this. Never place a pending order after your platform shows the market is closed or you should know where the market is as KiwiOz advised.

One more thing I would like to discuss, just came across a few brokers which takes 0 pips or the spread is zero, like IC Market, was trying to understand what is their benefit to them and how do they make money. Is there is a catch that I am not able to see! One thing that I observed is they are only regulated by Australian Securities and Investment Commission (ASIC). Does that make any difference.
  • #1,062
  • Aug 19, 2014 7:36am Aug 19, 2014 7:36am
Quoting workingforex
{quote}One more thing I would like to discuss, just came across a few brokers which takes 0 pips or the spread is zero, like IC Market, was trying to understand what is their benefit to them and how do they make money. Is there is a catch that I am not able to see! One thing that I observed is they are only regulated by Australian Securities and Investment Commission (ASIC). Does that make any difference.
Some brokers dont charge a spread instead use a commission similar to stocks however usually only one commission per round trip. Some do a minimal spread and commission, mostly to make it look like they have best spreads.
All posts are my personal opinion
  • #1,063
  • Aug 19, 2014 8:18am Aug 19, 2014 8:18am
Quoting workingforex
{quote} Yes definitely I think I need to get one where I can see what happens after market close here in UK. I will do that. Thanks for the advice, probably I was at mistake by placing an order above market price after market close and got filled at the first available price which in my case was 9240. Just a word of caution for everybody, we can take a cue from this. Never place a pending order after your platform shows the market is closed or you should know where the market is as KiwiOz advised. One more thing I would like to discuss, just came...
friday close 22:00 : 9140
monday opening 08:00: 9195
high (08:00 - 09:00): 9245

although there was a gap and no broker could handle your UNLIMITED pending in another way, i think your price was a shitty one.
you should close your account there. IG is not only offering demo-accounts
iŽm trading with them for years, and never had technical or other issues with them. they use the real prices, not own "creation" some other brokers do - bucket shops. regulated in cyprus or brtish virgin islans etc. bullshit...
fortis fortuna adiuvat
  • #1,064
  • Aug 19, 2014 8:54am Aug 19, 2014 8:54am
Quoting workingforex
Hi All, Just wanted some expert advice please. On Monday before DAX open I had a pending order at 9134, the market close as shown on my platform was around 9131 on Friday night. The market, as I was expecting, opened gap up around 9240 and went up till 9246. My broker filled my order at 9240 which was suppose to be 9134 fill entry. Now when I questioned my broker regarding this fill, they say it is okay as per them as market moved up quite a lot. I know sometimes there can be slippages but this was way too much. I did manage to close the trade today...
I use Forex and a few weeks ago I had something similar happen to me. I was expecting the market to open up with good gains after. I placed the order with about 5 points above what ask was and then in pre-market it shot up about 65 points and order was executed at 70 points above what I had placed it at. After that it dropped. I was pretty freakin pissed off.
  • #1,065
  • Aug 19, 2014 9:27am Aug 19, 2014 9:27am
Just a thought... gaps are only underlying pressure after buying or selling and is probably way too late to join in. Well, I guess it also depends on someone's style of trading.
Attached Image
"A handful of patience is worth more than a bushel of brains"
  • #1,066
  • Aug 19, 2014 10:22am Aug 19, 2014 10:22am
Quoting Iron Pawn
Just a thought... gaps are only underlying pressure after buying or selling and is probably way too late to join in. Well, I guess it also depends on someone's style of trading. {image}
to me, gap-close is an intraday-tactic. iŽll keep the 9140 in mind and will wait for a day when it comes into reach.
fortis fortuna adiuvat
  • #1,067
  • Aug 19, 2014 10:26am Aug 19, 2014 10:26am
short futures 1960 65 72 76 SP500
  • #1,068
  • Aug 19, 2014 10:36am Aug 19, 2014 10:36am
Quoting deltaone
{quote} to me, gap-close is an intraday-tactic. iŽll keep the 9140 in mind and will wait for a day when it comes into reach.
Hello deltaone, I totally get your point... but what I was trying to say is that so many buys and no sell orders present created gap and helped you achieve your goal faster and for less risk if trader picked his/her side with price correctly and on time. In order, at least in my case, to take a gap second time around at the same price (because I entered once earlier) need to be very, very good risk to reward ratio. Filling gap, as you mentioned it, like Eur/Usd daily at 1.33 past November was a great trade but risk to reward was excellent (but, in my opinion, most of the traders do not have a lot of patience for these type of trades).
"A handful of patience is worth more than a bushel of brains"
  • #1,069
  • Aug 19, 2014 10:43am Aug 19, 2014 10:43am
Quoting Iron Pawn
{quote} Hello deltaone, I totally get your point... but what I was trying to say is that so many buys and no sell orders present created gap and helped you achieve your goal faster and for less risk if trader picked his/her side with price correctly and on time. In order, at least in my case, to take a gap second time around at the same price (because I entered once earlier) need to be very, very good risk to reward ratio. Filling gap, as you mentioned it, like Eur/Usd daily at 1.33 past November was a great trade but risk to reward was excellent...
hello Iron Pawn,

i see. any open positions?
i will enter short dow @16890 (R1 -1), assisted by opening-price (16892,7)
fortis fortuna adiuvat
  • #1,070
  • Aug 19, 2014 10:50am Aug 19, 2014 10:50am
Quoting deltaone
{quote} hello Iron Pawn, i see. any open positions? i will enter short dow @16890 (R1 -1), assisted by opening-price (16892,7)
Actually, nothing open so far... reading news :-) and not that it matters to me. Also, here... Actually, looking at some fx spot charts and we could have some decent moves hopefully. Closed my Eur Cad short today about 150 points, not bad... and looking at GbpUsd, sitting on a nice level.
"A handful of patience is worth more than a bushel of brains"
  • #1,071
  • Aug 19, 2014 11:00am Aug 19, 2014 11:00am
Quoting Iron Pawn
{quote} Actually, nothing open so far... reading news :-) and not that it matters to me. Also, here... Actually, looking at some fx spot charts and we could have some decent moves hopefully. Closed my Eur Cad short today about 150 points, not bad... and looking at GbpUsd, sitting on a nice level.
congratulations. tomorrow iŽll try to trade the votes and the minutes (cable) - eurusd only when draghi speaks
fortis fortuna adiuvat
  • #1,072
  • Aug 19, 2014 11:04am Aug 19, 2014 11:04am
Quoting deltaone
{quote} congratulations. tomorrow iŽll try to trade the votes and the minutes (cable) - eurusd only when draghi speaks
Thanks deltaone, just lucky... I had EurCad open for about a week and actually it matched ATR so why to take a chance, right? In spot I look only for a swing trades otherwise that noise can drive you insane :-)
"A handful of patience is worth more than a bushel of brains"
  • #1,073
  • Aug 20, 2014 2:05am Aug 20, 2014 2:05am
good morning,

pending order:
short @ 9317 sl 327 tp 9287
fortis fortuna adiuvat
  • #1,074
  • Aug 20, 2014 2:05am Aug 20, 2014 2:05am
Quoting deltaone
good morning, pending order: short @ 9317 sl 327 tp 9287
filled.
fortis fortuna adiuvat
  • #1,075
  • Aug 20, 2014 2:13am Aug 20, 2014 2:13am
Quoting stylinex
{quote} I use Forex and a few weeks ago I had something similar happen to me. I was expecting the market to open up with good gains after. I placed the order with about 5 points above what ask was and then in pre-market it shot up about 65 points and order was executed at 70 points above what I had placed it at. After that it dropped. I was pretty freakin pissed off.
I use Forex as well, have made a complaint, will update as to what they come back with. Did you make a complaint ?
  • #1,076
  • Aug 20, 2014 2:31am Aug 20, 2014 2:31am
Quoting deltaone
{quote} filled.
sl hit. -10
fortis fortuna adiuvat
  • #1,077
  • Aug 20, 2014 2:40am Aug 20, 2014 2:40am
Quoting deltaone
{quote} sl hit. -10
Fomc. Lotsa sideways action expected. SLs need room to breath..
Money Makes Money
  • #1,078
  • Aug 20, 2014 2:45am Aug 20, 2014 2:45am
Quoting KiwiOz
{quote} Fomc. Lotsa sideways action expected. SLs need room to breath..
fomc minutes? will be released after xetra-close. sl depends on trading-style.
fortis fortuna adiuvat
  • #1,079
  • Aug 20, 2014 2:46am Aug 20, 2014 2:46am
Taiwan's Index is up so chances are pretty high that the DAX sees further gains today along with the SPX500
  • #1,080
  • Aug 20, 2014 2:55am Aug 20, 2014 2:55am
Quoting stylinex
Taiwan's Index is up so chances are pretty high that the DAX sees further gains today along with the SPX500
thereŽs only a very weak correlation between dax and taiex (0,230).
take a look at correlation matrix (page 9)

http://www.nse-india.com/content/res...r_final179.pdf
fortis fortuna adiuvat
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