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SPX and DAX - CFDs are the place to be

  • #1,441
  • Edited 4:06am Aug 28, 2014 3:48am | Edited 4:06am
got some divergence on the 1m chart, and we have hit the H1 200ema, so I've put in a long from 9,427 on the Dax, a bit risky, but with a tight SL, RR is worth a try.

SL BE- I think we just found out that Poroshenko is bullshitting again!
  • #1,442
  • Aug 28, 2014 4:10am Aug 28, 2014 4:10am
Quoting Iron Pawn
Yesterday's target, today's entry. Closing half, letting the rest go. {image}
Nice drop. First trade of the day. Entered long, closed half, the rest at break even and let it go.
Attached Image
"A handful of patience is worth more than a bushel of brains"
  • #1,443
  • Aug 28, 2014 4:12am Aug 28, 2014 4:12am
Triggered as well on ES. Couple of ticks, close half, break even, let it go.
Attached Image (click to enlarge)
Click to Enlarge Name: ES.PNG Size: 46 KB
"A handful of patience is worth more than a bushel of brains"
  • #1,444
  • Aug 28, 2014 4:29am Aug 28, 2014 4:29am
I'm realistic about the potential of this rally, and can't see any reason why it should move north with much force until perhaps the NY session. I never scale out, so it's all in. I'll keep my eye on the Dow as usual, and if it doesn't come all the way back to my SL, I'll hope to see 9,530 sometime today.
  • #1,445
  • Aug 28, 2014 4:49am Aug 28, 2014 4:49am
Quoting cat
I'm realistic about the potential of this rally, and can't see any reason why it should move north with much force until perhaps the NY session. I never scale out, so it's all in. I'll keep my eye on the Dow as usual, and if it doesn't come all the way back to my SL, I'll hope to see 9,530 sometime today.
Hello cat, not sure if you mentioned this because of my strategy but we all have our own approach that we should master and take advantage of. Having exposure is one thing, leaving profit on a table is another and so on. There is a number of reasons pro and con. Also, time of the day to me doesn't play any role when it comes to entries or exits, but rather timing. There are also few other factors that I calculate for my entries. Unfortunately, none of us know where the market will go next and everything else is pure speculation, so for that reason strategy must work in consistent manner. As long as we are happy with our results, why to change it, right?
"A handful of patience is worth more than a bushel of brains"
  • #1,446
  • Aug 28, 2014 5:07am Aug 28, 2014 5:07am
it seems as if i had chosen the perfect day to fall asleep during xetra-session
fortis fortuna adiuvat
  • #1,447
  • Aug 28, 2014 5:11am Aug 28, 2014 5:11am
Quoting deltaone
it seems as if i had chosen the perfect day to fall asleep during xetra-session
Something is telling me that you will catch up... :-)
"A handful of patience is worth more than a bushel of brains"
  • #1,448
  • Aug 28, 2014 5:18am Aug 28, 2014 5:18am
Quoting Iron Pawn
{quote} Something is telling me that you will catch up... :-)
i´ll try.
fortis fortuna adiuvat
  • #1,449
  • Aug 28, 2014 5:24am Aug 28, 2014 5:24am
Well guys,
the next short can be done @ 9487
(or a long ...when Gold touch 1301.25 )
The best thing that can happen to you is to find out where you're wrong.
  • #1,450
  • Aug 28, 2014 5:31am Aug 28, 2014 5:31am
Quoting Iron Pawn
{quote} Hello cat, not sure if you mentioned this because of my strategy but we all have our own approach that we should master and take advantage of. Having exposure is one thing, leaving profit on a table is another and so on. There is a number of reasons pro and con. Also, time of the day to me doesn't play any role when it comes to entries or exits, but rather timing. There are also few other factors that I calculate for my entries. Unfortunately, none of us know where the market will go next and everything else is pure speculation, so for that...
No, I just mentioned it offhand, I have no idea what your strategy is. I like to think that I have some idea where the market is going next or I would never be able to put on a trade. Trading is speculation to a point, but you'd better have a damned good reason why any trade is put on, held, or taken off, and that comes from observational calculation not speculation.
  • #1,451
  • Aug 28, 2014 5:33am Aug 28, 2014 5:33am
Quoting Iron Pawn
{quote} Nice drop. First trade of the day. Entered long, closed half, the rest at break even and let it go. {image}
Are you holding it prior to the US GDP Release?? A bit risky no?? Unless HOPE for a better than expected, but thats just gambling and not trading.

Thanks
  • #1,452
  • Aug 28, 2014 5:46am Aug 28, 2014 5:46am
Quoting cat
{quote} No, I just mentioned it offhand, I have no idea what your strategy is. I like to think that I have some idea where the market is going next or I would never be able to put on a trade. Trading is speculation to a point, but you'd better have a damned good reason why any trade is put on, held, or taken off, and that comes from observational calculation not speculation.
Hello again cat... we can continue on this topic, of course in friendly manner, because it is quite important to us... or go into circle because we already have formed opionions :-) Well, having some idea where it will go next doesn't mean that I know it will go there. By definition, speculation in market is investment with hope of gain including risk of loss. Yes, hope doesn't really help, but we have no evidence to definitely know the outcome. With that being said, hope is proper word in definition.

I agree with observational calculation but, just in my opinion, it is being influenced by speculation. And that's where scaling out comes in play (calculation within speculation).

Let's see how the market will play out.

All the best!
"A handful of patience is worth more than a bushel of brains"
  • #1,453
  • Aug 28, 2014 5:49am Aug 28, 2014 5:49am
Quoting Cprice76
{quote} Are you holding it prior to the US GDP Release?? A bit risky no?? Unless HOPE for a better than expected, but thats just gambling and not trading. Thanks
Most of the time news are already calculated into price (and this is not my idea). As mentioned above, protecting trade can be done in number of ways.
"A handful of patience is worth more than a bushel of brains"
  • #1,454
  • Aug 28, 2014 5:58am Aug 28, 2014 5:58am
Quoting Iron Pawn
{quote} Hello again cat... we can continue on this topic, of course in friendly manner, because it is quite important to us... or go into circle because we already have formed opionions :-) Well, having some idea where it will go next doesn't mean that I know it will go there. By definition, speculation in market is investment with hope of gain including risk of loss. Yes, hope doesn't really help, but we have no evidence to definitely know the outcome. With that being said, hope is proper word in definition. I agree with observational calculation...
Okay, let's call it speculation then, I have no problems with that at all. Whatever way we interact with the market is fine as long as we can profit consistently from it, which is the only think we as traders are concerned with.
  • #1,455
  • Aug 28, 2014 6:30am Aug 28, 2014 6:30am
will not be surprised if dow is getting dax back to 200d-line (9512). but as always, trade what you see..
fortis fortuna adiuvat
  • #1,456
  • Aug 28, 2014 6:38am Aug 28, 2014 6:38am
Quoting deltaone
will not be surprised if dow is getting dax back to 200d-line (9512). but as always, trade what you see..
hope you're right, but it will require some fireworks from somewhere.
  • #1,457
  • Aug 28, 2014 6:39am Aug 28, 2014 6:39am
Pull-back on dax possible but the relatively positive GDP data from the US is an important factor.
Poss less need for the QE and QE has been the driving factor for the Wall St for a long time.
Is there a case for more severe retracement before the final push up on the Wall Street?
I am thinking in terms of a long TF.
Make sure losses are small and profits are bigger!
  • #1,458
  • Aug 28, 2014 7:08am Aug 28, 2014 7:08am
http://ec.md.it-finance.com/ProRealT...g&purpose=file
fortis fortuna adiuvat
  • #1,459
  • Aug 28, 2014 7:11am Aug 28, 2014 7:11am
sl hit. -10
fortis fortuna adiuvat
  • #1,460
  • Aug 28, 2014 7:19am Aug 28, 2014 7:19am
I'm out of my long at BE, downward momentum was always against it.
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