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SPX and DAX - CFDs are the place to be

  • #1,461
  • Aug 28, 2014 9:38am Aug 28, 2014 9:38am
in again long @448 SL 436
  • #1,462
  • Aug 28, 2014 9:50am Aug 28, 2014 9:50am
Quoting cat
I'm out of my long at BE, downward momentum was always against it.
Same here on DAX, although I survived on ES (SP) because I moved stop few ticks lower. We'll see.

Funny, just noticed we entered again long on DAX at about same price... mine was at 9449.50. Nice.
Attached Image (click to enlarge)
Click to Enlarge Name: ES.PNG Size: 23 KB
"A handful of patience is worth more than a bushel of brains"
  • #1,463
  • Aug 28, 2014 9:53am Aug 28, 2014 9:53am
Quoting cat
in again long @448 SL 436
C'mon you bitch, let's have 9,500.
  • #1,464
  • Aug 28, 2014 9:56am Aug 28, 2014 9:56am
Quoting cat
{quote} C'mon you bitch, let's have 9,500.
Funny you.. well I am also trying to survive here.. keep my long open from 9550.. every time it affects DAX the Ukraine-Russia conflict is getting on my nerves btw..

Happy Trades
Focus only on what truly matters!
  • #1,465
  • Aug 28, 2014 10:10am Aug 28, 2014 10:10am
shit, DAX trim my profit on sideway zone. I should have known better.
Long on DAX and hold. Or , do you think the economy will be bad in Germany?
contact me for a managed account
  • #1,466
  • Aug 28, 2014 10:11am Aug 28, 2014 10:11am
Quoting cat
{quote} C'mon you bitch, let's have 9,500.

Have you got a target on your longs??


Hope it gets up there for u!!
Col.
  • #1,467
  • Aug 28, 2014 10:16am Aug 28, 2014 10:16am
Quoting Cprice76
{quote} Have you got a target on your longs?? Hope it gets up there for u!! Col.
9,500 - but I've had more fun having teeth pulled out than watching this afternoon's pa.
  • #1,468
  • Aug 28, 2014 10:17am Aug 28, 2014 10:17am
stopped BE - G'night all!
  • #1,469
  • Aug 28, 2014 10:19am Aug 28, 2014 10:19am
Quoting Iron Pawn
{quote} Same here on DAX, although I survived on ES (SP) because I moved stop few ticks lower. We'll see. Funny, just noticed we entered again long on DAX at about same price... mine was at 9449.50. Nice. {image}
Managed to lock few points. Now I'm flat. Have a good one everyone.
"A handful of patience is worth more than a bushel of brains"
  • #1,470
  • Aug 28, 2014 10:35am Aug 28, 2014 10:35am
I am looking at Spanish and Italian Indices, and they look bearish, why DAX would be different? Anyone knows? What your analysis tells you?
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  • #1,471
  • Edited 10:52am Aug 28, 2014 10:42am | Edited 10:52am
Quoting 2be
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...
9320 zone is a very possible target after the current pulback has been finished, marked with a blue zone and brown S/R horizontal line, this zone also coincides with 141.1Fib EXT @ 9342 which often is a minimum target of a move still against the trend on a higher TF.
The current pulback might re-test the previous H, if so that shall be again a great shorting opportunity.
Attached H1 charts with fibs and TDI
Attached Image (click to enlarge)
Click to Enlarge Name: 2014-08-28_163423.pngDax H1.png Size: 115 KB
Make sure losses are small and profits are bigger!
  • #1,472
  • Aug 28, 2014 10:51am Aug 28, 2014 10:51am
Quoting 2be
{quote} 9320 zone is a very possible target after the current pulback has been finished, marked with a blue zone and brown S/R horizontal linw, this zone also coincides with 141.1Fib EXT @ 9342 which often is a minimum target of a move still against the trend on a higher TF. The current pulback might re-test the previous H, if so that shall be again a great shorting opportunity. Attached H1 charts with fibs and TDI {image}
My calculations give me similar value around 9310.. so what Is your target price for the top of the upside retracement? At what price would you short? Do you mean 9600 as the previous high?

(Since I am stuck with a long which I opened at 9550 its crucial for me to get some ideas about the turning point, otherwise it will be a real pain, and not to offend you but I thought my charts are messy lol)

Happy Trades
Focus only on what truly matters!
  • #1,473
  • Aug 28, 2014 11:01am Aug 28, 2014 11:01am
Quoting Ata-Turkoglu
{quote} My calculations give me similar value around 9310.. so what Is your target price for the top of the upside retracement? At what price would you short? Do you mean 9600 as the previous high? (Since I am stuck with a long which I opened at 9550 its crucial for me to get some ideas about the turning point, otherwise it will be a real pain, and not to offend you but I thought my charts are messy lol) Happy Trades
Looking at 50% retracement minimum, this is the first move down on dax, with max at 86.6% creating thus some kind harmonic animal (like butterfly or crab) with precise short entries.
9550 was my confirmed short entry displayed in the top left corner of the chart.
By previous H I mean 9607, a good retest of this zone when rejected will act as strong confirmation of the move down.
Yes my charts look messy, but if it helps me to make good profits regularly, I do not care.
Make sure losses are small and profits are bigger!
  • #1,474
  • Aug 28, 2014 11:03am Aug 28, 2014 11:03am
I've just left a post on another thread that you guys might like to see. We could be in for troubled times within the very near future!

 

  1. To me this whole blame game that has been heaped on Russia during the past few months is all part of an orchestration leading up to next week's NATO summit in Wales to label Russia, through propaganda, as a threat to international security. If this is so, as I strongly suspect it might be, then next week's summit will be used as a call to extend NATO into Ukraine and right up to Russia's border. The US has been working towards this for years. If this happens, what will the Russians do? One thing they will not do, and I lived there for five years, is do nothing. We are in, dear friends, for one hell of a big sell off in the world's financial markets if this comes to pass over the next few weeks, and this will be the very least we can expect.

  • #1,475
  • Aug 28, 2014 11:06am Aug 28, 2014 11:06am
Quoting 2be
{quote} Looking at 50% retracement minimum, this is the first move down on dax, with max at 86.6% creating thus some kind harmonic animal (like butterfly or crab) with precise short entries. 9550 was my confirmed short entry displayed in the top left corner of the chart. By previous H I mean 9607, a good retest of this zone when rejected will act as strong confirmation of the move down. Yes my charts look messy, but if it helps me to make good profits regularly, I do not care.
Thanks for your helpful thoughts my friend.. needed that

Happy Trades
Focus only on what truly matters!
  • #1,476
  • Aug 28, 2014 11:06am Aug 28, 2014 11:06am
Quoting ffleo
when spx reaches the range 2020 - 2050, short it and hold for target 1974 - 1954.
Options expire on 3rd Friday of September. Your target for a short before or after options expire in September?
  • #1,477
  • Aug 28, 2014 11:12am Aug 28, 2014 11:12am
Quoting cat
I've just left a post on another thread that you guys might like to see. We could be in for troubled times within the very near future! To me this whole blame game that has been heaped on Russia during the past few months is all part of an orchestration leading up to next week's NATO summit in Wales to label Russia, through propaganda, as a threat to international security. If this is so, as I strongly suspect it might be, then next week's summit will be used as a call to extend NATO into Ukraine and right up to Russia's border. The US has been...
Russia will do what it has done for the last few centuries. STOP who ever tries to invade them, just like they did with Napoleon, Hitler. US won't be any exeption.
But for sure it's gona get tipsy on the markets if we come to such a point. Even it will be nasty for the common folk I think it will be a Heaven for traders.
  • #1,478
  • Aug 28, 2014 11:13am Aug 28, 2014 11:13am
Quoting cat
I've just left a post on another thread that you guys might like to see. We could be in for troubled times within the very near future! To me this whole blame game that has been heaped on Russia during the past few months is all part of an orchestration leading up to next week's NATO summit in Wales to label Russia, through propaganda, as a threat to international security. If this is so, as I strongly suspect it might be, then next week's summit will be used as a call to extend NATO into Ukraine and right up to Russia's border. The US has been...
Well.. just looked back on monthly charts and lately there were a big long monthly bear candle 2008 January and 2011 August. (3 years + 8 months distance)
So statistically that big fall would not start inside 2014 if the cycle repeats itself like this.. it is 2015 March but IMHO his analyse sounds more like the 2012 prophecy..

Happy Trades
Focus only on what truly matters!
  • #1,479
  • Aug 28, 2014 11:24am Aug 28, 2014 11:24am
Quoting Gingis
{quote} Russia will do what it has done for the last few centuries. STOP who ever tries to invade them, just like they did with Napoleon, Hitler. US won't be any exeption. But for sure it's gona get tipsy on the markets if we come to such a point. Even it will be nasty for the common folk I think it will be a Heaven for traders.
Well yes, it might well be just as long as no one decides to start throwing nuclear weapons about, because then no amount of technical analysis will help any of us!
  • #1,480
  • Aug 28, 2014 12:13pm Aug 28, 2014 12:13pm
Quoting cat
I've just left a post on another thread that you guys might like to see. We could be in for troubled times within the very near future! To me this whole blame game that has been heaped on Russia during the past few months is all part of an orchestration leading up to next week's NATO summit in Wales to label Russia, through propaganda, as a threat to international security. If this is so, as I strongly suspect it might be, then next week's summit will be used as a call to extend NATO into Ukraine and right up to Russia's border. The US has been...
well, i will try to say this as polite as i can:
this is exactly the kind of posts i didīnt expected when i joined ff. to me this is a kind of xenophobia like it has existed in my country 70 years ago: a fallen empire, with ethnical minorities behind the boarders (which had changed for good reasons), abused by a leader in order to preserve his own power, saying he will do anything to protect his people no matter where they live - and that he has a plan to restore the glory of the past.

can we leave the private, political opinion aside, please? this has nothing to do with trading. if you would say: this conflict will increase and might irritate markets, i totally agree - had bought a bundle twice (long usdrub, short gazprom, long raytheon, long statoil), first when the maidan protests began, sold with nice profit, and later when mh17 was shot down, again with a very good profit. this is a kind of speculation many people would call immoral (not knowing that i transferred a good sice of the profits to ukrainian aid agencies)- thatīs okay. the market is not a place for moral apostle, itīs just + and -. all one can do is to think what can be done with the profit, and thatīs his own thing imao.

sorry...
fortis fortuna adiuvat
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