SPX and DAX - CFDs are the place to be

9367... very good calculation

Happy Trades

thanks. got out at 9370 in order to realize another profit. it adds up to +69 points today.
looks like if i should trade only on freaky fridays
sold the first tranche of my short dax etf (last in first out 9570 ->9370). september will become really funny i guess ​

short @9420 sl 9430 tp 9390

sl hit. -10

dax PA has been good and "obeying" fibs today
It has not been easy, but with mastering fibs retracement, extensions and alternative price projections there were good trades to take.
I am posting some charts with fibs set up. I have used M15 TF so PA can be easier spotted, but these levels will work on any TF or tick charts.

Dax 02 is a set up taken from yesterday's PA taking into account the first move south, please have a look at RET 38.2, once defended EXT 224 was almost hit (within 3 pips)

Dax 01 is yesterday's H & L, again Ret61.8 has been defended and price achieved EXT 127.2

Dax03 todays first move south (aqua colour line) and EXT 224 of that first move has been well achieved

Take any of these three charts singularly or better combined and there is a well organised approach to get some good pips.

I do realise that for some it might look complicated, but in reality it is not that difficult at all once some concepts of market structure are masterred
It does not mean that anyone is sure what is going to happen, just pointing out the possible scenarios.


I have started the day on the long side, closed longs near today's top, and reversed to short once that zone has been defended with the targets well pointed by yesterdays set up, confirmed by today's set ups too.

Finished for the week.
Wishing all a nice weekend
2be

Wow, DAX is really angry and crazy, my account is now minus... Was that bear a retracement? I should have taken my profit while I can..

yeah, the big boys had their fun driving dax back into plus on monthly base...

haha, I am staying in the game, EUR zone is not doing well, if I would have more margin left, I would sell more.

Heh , Exactly... the end of the month + Crazy Friday = beauty "V"

ah, I should have known that. They all close their positions. Moreover, it is holiday on Monday in USA.
I am betting on ISIS, Ukraine and Ebola to drive DAX even lower.

Look at the Daily candles...

Candlestick formations + FIBO + WEEKLY Pivot ...
Too much thinking ... ... and thats why I prefer Scalp

dobry wieczór panie RevarK
any open positions?
edit: as you stated to prefer scalps, i don´t think so...

O żesz Ty

Everything is closed

yes, i think it´s more stressless that way.
do you scalp only dax?

I want to sleep at night... DAX suits me...

yeah, it´s better to sleep untroubled and restorative.

Last thing someone needs is a roller coaster ride before they sleep. Hard to sleep when you see the market move 50-80 pips in the opposite direction of your call and find yourself in the deep red.

What is??

By scalp trading or looking more longer term???

Col.

ps- well done on today!!

Exactly, I tried to trade a several months on Daily TF but its not for me, maby after 60 YO ;p