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SPX and DAX - CFDs are the place to be

  • #1,381
  • Aug 27, 2014 9:19am Aug 27, 2014 9:19am
Quoting LarryDarrell
{quote} If you don't mind: do you set these 'automatically' once the session is in progress, or do you wait for something? I guess you have a high success-rate with these, otherwise you wouldn't do it...
sounds a bit like trading the opening range , opening range breakout actually has a simple and logical concept, but like anything else it works when it works.. sometimes it's better to fade the hi/lo and sometimes its a runner.. I dont like trading breakouts, but some do..
Patience is a virtue...
  • #1,382
  • Aug 27, 2014 9:20am Aug 27, 2014 9:20am
Quoting deltaone
{quote} filled.
sl hit. -10
fortis fortuna adiuvat
  • #1,383
  • Aug 27, 2014 9:21am Aug 27, 2014 9:21am
This pa looks you in the eye and says " Go ahead punk, make my day". Watch the Dow, this is snapping back!
  • #1,384
  • Aug 27, 2014 9:24am Aug 27, 2014 9:24am
Quoting cat
This pa looks you in the eye and says " Go ahead punk, make my day". Watch the Dow, this is snapping back!
Yeah, shaking off both sides... must find sweet spot.
"A handful of patience is worth more than a bushel of brains"
  • #1,385
  • Aug 27, 2014 9:28am Aug 27, 2014 9:28am
Quoting cat
This pa looks you in the eye and says " Go ahead punk, make my day". Watch the Dow, this is snapping back!
dirty harry
not my day, but this is part of the business.
fortis fortuna adiuvat
  • #1,386
  • Edited 9:47am Aug 27, 2014 9:32am | Edited 9:47am
S&P : short limit @1998
DOW : short limit @17100

DAX : consequently... when the above conditions are meet
The best thing that can happen to you is to find out where you're wrong.
  • #1,387
  • Aug 27, 2014 9:33am Aug 27, 2014 9:33am
Still going with sell order but it's a tricky one. Will wait little bit more or call it a day...
"A handful of patience is worth more than a bushel of brains"
  • #1,388
  • Aug 27, 2014 9:43am Aug 27, 2014 9:43am
eu's rocketing!
  • #1,389
  • Aug 27, 2014 9:46am Aug 27, 2014 9:46am
Long in 14:40 bar - 1m HL......again going for 10/15 unless the **75 level is broken......SL now at BE+1

Edit: took +10 time for a swim before the final Xetra half hour....
Trading Levels with WRBs
  • #1,390
  • Aug 27, 2014 9:53am Aug 27, 2014 9:53am
Done for the day.

Time to
Attached Image
.

Catch you guys tomorrow.
C U
  • #1,391
  • Aug 27, 2014 10:13am Aug 27, 2014 10:13am
Quoting hadox
{quote} sounds a bit like trading the opening range , opening range breakout actually has a simple and logical concept, but like anything else it works when it works.. sometimes it's better to fade the hi/lo and sometimes its a runner.. I dont like trading breakouts, but some do..
Yeah, I avoid breakouts, but this is indices, might work different here, hence my interest.
Fail better.
  • #1,392
  • Aug 27, 2014 10:21am Aug 27, 2014 10:21am
Quoting LarryDarrell
{quote} Yeah, I avoid breakouts, but this is indices, might work different here, hence my interest.
yes, especially because its trough an exchange and not OTC - but it's very hard not getting chopped to death with that method , it looks like the holy grail in a fast moving market, but not in a slow non direction day.. I guess it depends on the stop and the target, it doesn't suit me to be honest..
Patience is a virtue...
  • #1,393
  • Aug 27, 2014 10:32am Aug 27, 2014 10:32am
Quoting hadox
{quote} yes, especially because its trough an exchange and not OTC - but it's very hard not getting chopped to death with that method , it looks like the holy grail in a fast moving market, but not in a slow non direction day.. I guess it depends on the stop and the target, it doesn't suit me to be honest..
one day itīs a good tactic, one day itīs not. no one can say if a slow moving market is changing to a fast moving with a breakout or not. if you have a limit not only for a single trade but a risk-budget for each trading-day, the risk of getting chopped to death is eliminated - as long as one follow his rules. as often, this is a question of money-management and disciplin.
fortis fortuna adiuvat
  • #1,394
  • Aug 27, 2014 10:49am Aug 27, 2014 10:49am
Quoting deltaone
{quote} one day itīs a good tactic, one day itīs not. no one can say if a slow moving market is changing to a fast moving with a breakout or not. if you have a limit not only for a single trade but a risk-budget for each trading-day, the risk of getting chopped to death is eliminated - as long as one follow his rules. as often, this is a question of money-management and disciplin.
yes, agree, but also one of the reasons I don't like breakouts ... and also a good idea to have a max drawdown everyday, especially if you're trading intraday..

but the strategy would prolly work if you had some fixed exit or something, one could do many different things and maybe work on some filters..

this is using the 1hour opening range after the 09.00 opening - one could use other TF, but this is just to filter some of the noise..

buy if price break the high, sell if price break the low - stop could be on the opposite side of the range - target either fixed or at the close or something else - but again, millions of way to do this, but the basic idea is simple and logic, but money management would prolly be the key using this kind of strategy..
Attached Image (click to enlarge)
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Patience is a virtue...
  • #1,395
  • Edited 12:43pm Aug 27, 2014 12:31pm | Edited 12:43pm
Quoting hadox
{quote} yes, agree, but also one of the reasons I don't like breakouts ... and also a good idea to have a max drawdown everyday, especially if you're trading intraday.. but the strategy would prolly work if you had some fixed exit or something, one could do many different things and maybe work on some filters.. this is using the 1hour opening range after the 09.00 opening - one could use other TF, but this is just to filter some of the noise.. buy if price break the high, sell if price break the low - stop could be on the opposite side of the range...
agreed. to me itīs just one of the approaches i use among others. i understand why you donīt like it. today, there was no opportunity to use pivots, but as a daytrader, trying to make money each day, i could not resist... maybe i can make some points trading the dow.
p.s.: thanks for your input. as i read in another thread, you are also trading for a living - not living for trading always happy to see other traders with a working approach. you are more a swing-trader, i guess?
fortis fortuna adiuvat
  • #1,396
  • Aug 27, 2014 12:43pm Aug 27, 2014 12:43pm
Quoting deltaone
{quote} agreed. to me itīs just one of the approaches i use among others. i understand why you donīt like it. today, there was no opportunity to use pivots, but as a daytrader, trying to make money each day, i could not resist... maybe i can make some points trading the dow.

I notice you have a downside daily stop of -50 points.Do you also have a daily target? eg...

-10, 0 +30 +30 you stop and bank the 50 points on the day-- cheers
  • #1,397
  • Aug 27, 2014 12:52pm Aug 27, 2014 12:52pm
Quoting Cprice76
{quote} I notice you have a downside daily stop of -50 points.Do you also have a daily target? eg... -10, 0 +30 +30 you stop and bank the 50 points on the day-- cheers
yeah. -50 is maximum risk on a day for me. no, i donīt have a fixed target. if itīs a good day, i try to make as much as possible. but indeed, iīm not very motivated to trade the dow when i have reached more than 50 points with dax-trading. vice versa, when i have a day in red with dax, i try to make it an equalized day with dow-trading.
fortis fortuna adiuvat
  • #1,398
  • Aug 27, 2014 1:11pm Aug 27, 2014 1:11pm
dow: bb down to 3 (!) points. waiting for a vola-increase...
fortis fortuna adiuvat
  • #1,399
  • Aug 27, 2014 1:12pm Aug 27, 2014 1:12pm
It has been days of fake bearish signals, but today all Indices would have been overbought, it is time to dive in for BEAR market.
contact me for a managed account
  • #1,400
  • Aug 27, 2014 1:42pm Aug 27, 2014 1:42pm
ok, i try:

http://tc.md.it-finance.com/ProRealT...g&purpose=file
fortis fortuna adiuvat
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