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SPX and DAX - CFDs are the place to be

  • #1,341
  • Aug 27, 2014 3:08am Aug 27, 2014 3:08am
Quoting xiaoxin
GM，ALL Miss the high 9599, rushed in @9582 TP1@9572 TP2@9566 {image}
well done. if you don´t mind my asking, which lot-size do you trade?
fortis fortuna adiuvat
  • #1,342
  • Edited 3:29am Aug 27, 2014 3:16am | Edited 3:29am
I use XX paltform, at least 5, but 1pips=5 Singapore $.
In order to limit my risk, I usually TP at several levels.
Grab and run action.
Money management is very important, right?
  • #1,343
  • Aug 27, 2014 3:19am Aug 27, 2014 3:19am
sl hit. -10
fortis fortuna adiuvat
  • #1,344
  • Aug 27, 2014 3:25am Aug 27, 2014 3:25am
Most of the DAX components are red.... 9580 is like a barry
  • #1,345
  • Aug 27, 2014 3:36am Aug 27, 2014 3:36am
Quoting xiaoxin
I use IG, at least 5, but 1pips=5 Singapore $. In order to limit my risk, I usually TP at several levels. Grab and run action. Money management is very important, right?
thanks for your reply. yes, mm is the key to success in the long-run.
i use IG, too. 1 dax-point = 25 €, 4 lots is typical atm.
fortis fortuna adiuvat
  • #1,346
  • Aug 27, 2014 3:45am Aug 27, 2014 3:45am
Quoting deltaone
{quote} thanks for your reply. yes, mm is the key to success in the long-run. i use IG, too. 1 dax-point = 25 €, 4 lots is typical atm.
You are trading 4 FDAX?? OR 4 Euro per point??

Thanks
  • #1,347
  • Aug 27, 2014 3:54am Aug 27, 2014 3:54am
Quoting Cprice76
{quote} You are trading 4 FDAX?? OR 4 Euro per point?? Thanks
i trade 4 contracts "Deutschland 30 Kassa" atm. 1 dax-point is 25 € -> with that lot-size 1 point is 100 €.
therefore, my sl (-10) equals 1.000 €, tp equals 3.000 €.
maximum daily loss (-50) equals 5.000 €, weekly goal (+100) equals 10.000 €.
fortis fortuna adiuvat
  • #1,348
  • Aug 27, 2014 3:56am Aug 27, 2014 3:56am
Quoting deltaone
{quote} i trade 4 contracts "Deutschland 30 Kassa" atm. 1 dax-point is 25 € -> with that lot-size 1 point is 100 €. therefore, my sl (-10) equals 1.000 €, tp equals 3.000 €. maximum daily loss (-50) equals 5.000 €, weekly goal (+100) equals 10.000 €.

Oh sorry!!

I thought you traded via IG index and NOT the Eurex FDAX future!!

Oops
  • #1,349
  • Aug 27, 2014 3:57am Aug 27, 2014 3:57am
Quoting xiaoxin
Most of the DAX components are red.... 9580 is like a barry
if dax goes above this level, it could be a good setup for a range-breakout. eventually i will enter long. wait and see...
fortis fortuna adiuvat
  • #1,350
  • Aug 27, 2014 4:04am Aug 27, 2014 4:04am
http://tc.md.it-finance.com/ProRealT...g&purpose=file
fortis fortuna adiuvat
  • #1,351
  • Aug 27, 2014 4:08am Aug 27, 2014 4:08am
Quoting Cprice76
{quote} Oh sorry!! I thought you traded via IG index and NOT the Eurex FDAX future!! Oops
never mind.
fortis fortuna adiuvat
  • #1,352
  • Aug 27, 2014 4:50am Aug 27, 2014 4:50am
this is not looking like a breakout any longer. flat again, +-0
fortis fortuna adiuvat
  • #1,353
  • Aug 27, 2014 4:57am Aug 27, 2014 4:57am
Quoting deltaone
this is not looking like a breakout any longer. flat again, +-0
It could go anyway , as we are currently slap bang in the daily range.Have you ever just thought about trying to scalp around the daily Highs/Low??


Thats what I mainly do.

Col.
  • #1,354
  • Aug 27, 2014 4:58am Aug 27, 2014 4:58am
Since the end of June Wednesday's have had the smallest average daily range of the week and so far today, at 37 pts, this range is the smallest of the last four weeks.....let's hope the afternoon session is better......
Trading Levels with WRBs
  • #1,355
  • Aug 27, 2014 5:08am Aug 27, 2014 5:08am
Quoting Cprice76
{quote} It could go anyway , as we are currently slap bang in the daily range.Have you ever just thought about trying to scalp around the daily Highs/Low?? Thats what I mainly do. Col.
yes, this is also an intraday-tactic i use:
buy daily high +1
sell daily low -1
works out when markets gain momentum.
fortis fortuna adiuvat
  • #1,356
  • Aug 27, 2014 5:12am Aug 27, 2014 5:12am
Quoting Islander
Since the end of June Wednesday's have had the smallest average daily range of the week and so far today, at 37 pts, this range is the smallest of the last four weeks.....let's hope the afternoon session is better......
Yeah
waiting for US session bring some momentum.
  • #1,357
  • Aug 27, 2014 5:15am Aug 27, 2014 5:15am
Quoting xiaoxin
{quote} Yeah waiting for US session bring some momentum.

Dont speak to soon, its not guaranteed lol -Fingers crossed though!
  • #1,358
  • Aug 27, 2014 5:16am Aug 27, 2014 5:16am
There is possible ABC formation on DAX, it has been mentioned earlier on this thread, with possible termination on B around 9610, which is 61.8 fib retracement from the last move down on Daily.
I am not advocating to catch this top, but the lack of daily close well above that zone will indicate that this ABC is in play.
If so, this will be followed by a good move down in some relation to the first move down.
This possible scenario would make Dax bearish for a while, with a possible targets even below 8000, just below it,
if so from there the Christmas rally shall start.
BUT, atm S&P and DOW is very bullish.
My strategy is to go long if daily close is well above 9610 and go short after the confirmation that that ABC formation in in play.
Attached H4 and Daily with a possible Delta count on DAX.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 2014-08-27_110022.png DAX H4.png Size: 104 KB
Click to Enlarge Name: 2014-08-27_110345.png DAX ITD-MTD.png Size: 42 KB
Make sure losses are small and profits are bigger!
  • #1,359
  • Aug 27, 2014 5:18am Aug 27, 2014 5:18am
Quoting Cprice76
{quote} Dont speak to soon, its not guaranteed lol -Fingers crossed though!
Thanks.
No trade now, fingers crossed as you said.
  • #1,360
  • Aug 27, 2014 8:20am Aug 27, 2014 8:20am
Quoting deltaone
{quote} yes, this is also an intraday-tactic i use: buy daily high +1 sell daily low -1 works out when markets gain momentum.
long 9601 sl 9591 tp 9631
fortis fortuna adiuvat
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