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SPX and DAX - CFDs are the place to be

  • #1,161
  • Aug 21, 2014 10:43am Aug 21, 2014 10:43am
Quoting hadox
{quote} nope, I got stopped around my entry from the 916x area on that nasty move down friday, which turned out to be a shakeout.. price never reached my limits monday, so have been waiting for something else since that.. either short from this current area if bears steps in or maybe some longs from 924x area if bulls steps in there .. but you're killing it with your intraday trading, nice to see
bad luck..
thanks!
i´m done with dax for today - xetra closed.
fortis fortuna adiuvat
  • #1,162
  • Aug 21, 2014 10:52am Aug 21, 2014 10:52am
Quoting deltaone
{quote} bad luck.. thanks! i´m done with dax for today - xetra closed.
yes, shit happens, but it wasn't the trade of the century, there's always a new setup around the corner..

enjoy, catch you tomorrow or next week..
Patience is a virtue...
  • #1,163
  • Aug 21, 2014 1:30pm Aug 21, 2014 1:30pm
dow to take out ath soon?

pending order:

long dow @17068 sl 17048 tp 17128
fortis fortuna adiuvat
  • #1,164
  • Aug 21, 2014 1:42pm Aug 21, 2014 1:42pm
Quoting deltaone
dow to take out ath soon? pending order: long dow @17068 sl 17048 tp 17128
filled.
fortis fortuna adiuvat
  • #1,165
  • Aug 21, 2014 2:40pm Aug 21, 2014 2:40pm
Quoting deltaone
{quote} filled.
Just curious, do you work two shifts, or is this just today?
Fail better.
  • #1,166
  • Aug 21, 2014 2:44pm Aug 21, 2014 2:44pm
Quoting LarryDarrell
{quote} Just curious, do you work two shifts, or is this just today?
you´re right, i´m trading dax (focus) and dow (addition). will close my long at latest when ny closes.
fortis fortuna adiuvat
  • #1,167
  • Aug 21, 2014 2:54pm Aug 21, 2014 2:54pm
sl hit. -20
good night.
fortis fortuna adiuvat
  • #1,168
  • Aug 21, 2014 2:59pm Aug 21, 2014 2:59pm
Quoting deltaone
{quote} you´re right, i´m trading dax (focus) and dow (addition). will close my long at latest when ny closes.

At what time do you start to trade DAX? I take it you only trade once the Xetra market is open? 09.00? And do you consider the low of the day only once the Xetra has opened or the FDAX future at 08.00?

Thanks
  • #1,169
  • Aug 21, 2014 8:52pm Aug 21, 2014 8:52pm
Good Thread..............................................................
  • #1,170
  • Aug 22, 2014 12:27am Aug 22, 2014 12:27am
looks like NIKEII starting off day with a slight dip here. indices lately move so nicely these days you can pretty much just jump in long and win 8 out of 10 times
Attached Image (click to enlarge)
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All posts are my personal opinion
  • #1,171
  • Aug 22, 2014 1:03am Aug 22, 2014 1:03am
good morning!

today yellen and draghi will speak at jackson hole, but i think this will have bigger implications on cable and eurusd than on stock markets.
wait and see...
fortis fortuna adiuvat
  • #1,172
  • Aug 22, 2014 1:03am Aug 22, 2014 1:03am
DAX just started trading. Who is short and who is long now at 9390?
  • #1,173
  • Aug 22, 2014 1:10am Aug 22, 2014 1:10am
Quoting Cprice76
{quote} At what time do you start to trade DAX? I take it you only trade once the Xetra market is open? 09.00? And do you consider the low of the day only once the Xetra has opened or the FDAX future at 08.00? Thanks
yes, usually i trade dax between 09:00 - 17:30 - unless there is an important news release (f.e. gdp) before.
therefore, for me the daily low on xetra-basis is more important than the fdax-level, which i also watch - but not with the same intesity.
fortis fortuna adiuvat
  • #1,174
  • Edited 2:31am Aug 22, 2014 2:10am | Edited 2:31am
Sold the extra open / MR 1 looking for the DP....

Edit - closed for a wash and bought
Trading Levels with WRBs
  • #1,175
  • Aug 22, 2014 2:22am Aug 22, 2014 2:22am
long @9399,3 sl 9389,3 tp 9429,3
fortis fortuna adiuvat
  • #1,176
  • Aug 22, 2014 2:31am Aug 22, 2014 2:31am
Quoting deltaone
good morning! today yellen and draghi will speak at jackson hole, but i think this will have bigger implications on cable and eurusd than on stock markets. wait and see...
Yes waiting to see what Yellen and Draghi have to say. It can have a direct implication on EU, but I am thinking what implications it can have on Stock Market.

On one side we have Fed who is about to tighten the policy which means that easy money should come out of the market and in turn should be equity negative. On the other hand we have Draghi who is planning to put QE on table which could send equity market higher. But again off late S&P and Dax have not been moving in tandem. S&P has achieved its previous levels in fact is at highest high where as Dax is still sitting in mid range.

In short: A lot will depend on how Yellen/Draghi are going to behave today. If we see a Dovish Yellen, could send S&P above long awaited 2000 mark and if Draghi speaks about QE, we can see Dax again going up but can be other way round as well, so keeping a close watch on todays symposium.
  • #1,177
  • Aug 22, 2014 2:33am Aug 22, 2014 2:33am
Quoting deltaone
{quote} yes, usually i trade dax between 09:00 - 17:30 - unless there is an important news release (f.e. gdp) before. therefore, for me the daily low on xetra-basis is more important than the fdax-level, which i also watch - but not with the same intesity.

Ah thanks!!

One last question- at what point do you move your stop to breakevens? When 10 ticks onside etc..?
eg
11 ticks onside move stop to breakevens
21 ticks onside move stop to + 10
25 ticks onside move stop to +20
30 ticks onside take the 30 as target hit etc..

Many Thanks
  • #1,178
  • Aug 22, 2014 2:47am Aug 22, 2014 2:47am
We're a handful of pips away from the Dax H4 200ema, so watch it longs!
  • #1,179
  • Aug 22, 2014 3:06am Aug 22, 2014 3:06am
Quoting Cprice76
{quote} Ah thanks!! One last question- at what point do you move your stop to breakevens? When 10 ticks onside etc..? eg 11 ticks onside move stop to breakevens 21 ticks onside move stop to + 10 25 ticks onside move stop to +20 30 ticks onside take the 30 as target hit etc.. Many Thanks
in general: yes. but this part of my setup sometimes is variable and depends on the pa - or my emotion
instead of this, i could use a trailing stop loss. will think about this, would like to eliminate all emotions from my trading.
maybe i´ll use an algo for this in the future...
fortis fortuna adiuvat
  • #1,180
  • Aug 22, 2014 3:15am Aug 22, 2014 3:15am
Quoting deltaone
{quote} in general: yes. but this part of my setup sometimes is variable and depends on the pa - or my emotion instead of this, i could use a trailing stop loss. will think about this, would like to eliminate all emotions from my trading. maybe i´ll use an algo for this in the future...
I use an electrofragmatic emotion neutralizer - you simply plug yourself in each morning for 15mins and it works wonders. You can buy them from amazon for 29.99
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