SPX and DAX - CFDs are the place to be | Page 124 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

NAS100 NASDAQ100 ONLY (ND and NQ Futures and CFDs) 227 replies

NAS100 NASDAQ100 Only (ND and NQ Futures and CFDs) 3 replies

Best Way To Track The S&P: SPX or SPY? 1 reply

finding good trades with Nasdaq, dow, spx, and dax 43 replies

US$/SPX/CL/HKG and Chinese Trading 1 reply

Attachments: SPX and DAX - CFDs are the place to be
Exit Attachments

SPX and DAX - CFDs are the place to be

  • #2,461
  • Sep 12, 2014 12:38pm Sep 12, 2014 12:38pm
Quoting prits187
Hi Everyone, Thank you for all your supporting messages. 9400 was the first position i opened and i been Selling everyday till today, iv made some good profit today due to some good drops. hoping it continue now as i really would like to come out from my trades. my plan going forward is to find good supply and demand areas, put my orders in with stop loss and take profit. Also i want to stop trading live as thats the thing that hold my emotion on chart, that is what the market makers wants. i was willing to put my stop loss right...
Next week your positions will closed anyway.. then you can decide for a while when to open your shorts if conditions show that bulls are in control, you may decide not to open the same shorts immediately..

Happy Weekends...

Happy Trades
Focus only on what truly matters!
  • #2,462
  • Sep 12, 2014 12:55pm Sep 12, 2014 12:55pm
Have a great weekend everyone!

Beer time! Face will hit the keyboard soon. Auto accidental SL!

Prits, stay strong mate. Ata gave very good advice.
Corripe Cervisiam!
  • #2,463
  • Sep 12, 2014 1:00pm Sep 12, 2014 1:00pm
Quoting paddlepip
Have a great weekend everyone! Beer time! Face will hit the keyboard soon. Auto accidental SL! Prits, stay strong mate. Ata gave very good advice.
Thanks for the compliment bro.. very kind of you.. have a great weekend too

Happy Trades
Focus only on what truly matters!
  • #2,464
  • Sep 14, 2014 3:19am Sep 14, 2014 3:19am
Quoting prits187
Hi Everyone, Thank you for all your supporting messages. 9400 was the first position i opened and i been Selling everyday till today, iv made some good profit today due to some good drops. hoping it continue now as i really would like to come out from my trades. my plan going forward is to find good supply and demand areas, put my orders in with stop loss and take profit. Also i want to stop trading live as thats the thing that hold my emotion on chart, that is what the market makers wants. i was willing to put my stop loss right...

You're brave. Fair enough yes the week ended not quite 150 pips down on the previous Friday latest close, but it's hard to know whether the index is on the way down eg to under 9000 as was seen in early August. I'm sure when you started selling at 9400 you were inclined to believe it was stalling even then, and liable to drop a fair it because that's how the chart might have looked at the time. But - If you are putting a stop loss of 10000 on your trade you would need it to go to 8600 to get a 1:1 Risk reward ratio. That I would say is the bit that could go wrong for you. Most people would be looking for entries which give them better leverage of reward than 1:1. Unlikely many would have given it 600 pips of breathing space, nor probably would they have been hopeful of a new lower low. However the political situation is fickle, Scotland politics will have a huge effect this week not just in the UK, Ukraine might be a little less tense, but the slaying of hostages in Syria and Iraq may elicit a military response, and we have to expect the unexpected. We mustn't get married to a trade, sometimes more is to be gained from letting a loser go and looking for a new and better opportunity.
  • #2,465
  • Sep 14, 2014 8:30am Sep 14, 2014 8:30am
Quoting wiseambition
{quote} You're brave. Fair enough yes the week ended not quite 150 pips down on the previous Friday latest close, but it's hard to know whether the index is on the way down eg to under 9000 as was seen in early August. I'm sure when you started selling at 9400 you were inclined to believe it was stalling even then, and liable to drop a fair it because that's how the chart might have looked at the time. But - If you are putting a stop loss of 10000 on your trade you would need it to go to 8600 to get a 1:1 Risk reward ratio. That I would say is the...

I'm in proses of learning supply & demand, when i went into sell position i kept finding new supply and thought it will drop any time soon, from when i been trading iv had stop loss but iv always been taken out then it would go into my favour.

but im hoping to come out of the trade im in now then only do day trading and not hold anything for longer then a few days.

now that iv joined this team, im hoping to get some good advice and help with my trading. with minimum loss.

lets hope ger30 gets down to 9400 for me to start fresh.

wish you all green pips
  • #2,466
  • Sep 14, 2014 9:43am Sep 14, 2014 9:43am
Quoting prits187
{quote} I'm in proses of learning supply & demand, when i went into sell position i kept finding new supply and thought it will drop any time soon, from when i been trading iv had stop loss but iv always been taken out then it would go into my favour. but im hoping to come out of the trade im in now then only do day trading and not hold anything for longer then a few days. now that iv joined this team, im hoping to get some good advice and help with my trading. with minimum loss. lets hope ger30 gets down to 9400 for me to start fresh. wish you...

Ok, take care how you judge supply is exceeding demand (in other words how you decide that the market is in retreat) and be careful too about adding to losing positions, which is how losses can mount up quickly.

The thing to do is read the charts from right to left and look for support and resistance levels being broken in your particular time frame, these levels are not always big round numbers
  • #2,467
  • Sep 14, 2014 10:14am Sep 14, 2014 10:14am
Hello thread.Hope everyone is having a great weekend.I'm not realy good a fundamental analyses but i read here some pisitive news about gernamy.Could this be an opening tomorow with a bullish gap?

http://www.forexfactory.com/news.php?do=news&id=504245
  • #2,468
  • Sep 14, 2014 10:42am Sep 14, 2014 10:42am
Hi Alone.

Is that good news?

Doesn't sound like it. Perhaps a lot of eyes are on the FOMC language and of course funds rate.

A lot of turmoil at the moment. Scots, Ukraine, IS. Might be an interesting few weeks We await. Appropriate stops advised.

GL to all of us.
Corripe Cervisiam!
  • #2,469
  • Sep 14, 2014 10:47am Sep 14, 2014 10:47am
Quoting paddlepip
Hi Alone. Is that good news? Doesn't sound like it. Perhaps a lot of eyes are on the FOMC language and of course funds rate. A lot of turmoil at the moment. Scots, Ukraine, IS. Might be an interesting few weeks We await. Appropriate stops advised. GL to all of us.
Honestly i dont know if they are.I dont live in Germany so its a bit hard for me o understund and knew what going on there.I just like how DAX moves .Yeah ia agree with you this could be an interesting week.Green tick to all of us here .
  • #2,470
  • Sep 15, 2014 12:50am Sep 15, 2014 12:50am
Good morning everyone.Wish you all a green week .
  • #2,471
  • Sep 15, 2014 1:09am Sep 15, 2014 1:09am
Quoting doggette
I quite enjoy trading equity indices, recently even more so than trading forex. SPX has been in a fierce uptrend for the last 6 years. It started at around 700 and now its up at almost $2000. Fundamental reasons for this amazing rise was no doubt Fed's QE. With tapering bond purchases every month, how long can this be sustained? Anyone else getting tired of "s&p making new highs"? DAX is another awesome index I'm beginning to like a lot. Word of caution though: like other volatile assets, DAX can also get away from you quickly, so if trading DAX,...
Hi doggetter!

This is my first post on this thread, but I wanted to say that I agree with your original post that SPX/SPY/DAX is the place to be. There is no doubt that SPY has been on fire for years, if not more, and why should it stop now (if only for a correction)?!?

the only thing I disagree with is, TA ain't bullshit. Sure, price def matters, but so does many important and commonly used indicators, the best of which is stochastics. Like most things in life, it usually just depends on how you apply it.
Please check out my blog at https://from-zero-to-hero . net
  • #2,472
  • Sep 15, 2014 1:13am Sep 15, 2014 1:13am
Morning all !!!
The best thing that can happen to you is to find out where you're wrong.
  • #2,473
  • Sep 15, 2014 1:16am Sep 15, 2014 1:16am
DB on M1 Long at 9.600 SL at 9590
  • #2,474
  • Sep 15, 2014 1:17am Sep 15, 2014 1:17am
GM, all.
  • #2,475
  • Sep 15, 2014 1:28am Sep 15, 2014 1:28am
Good Morning Folks,

Fdax started with a downside gap of -48 points.. and vola is low. A gap close is highly possible.. and unfortunately no news for now that could raise the speed up... so the best thing I can do is finishing my breakfast in peace

Happy Trades
Focus only on what truly matters!
  • #2,476
  • Sep 15, 2014 1:48am Sep 15, 2014 1:48am
GM - bought the 1m HL ~the S 1 level - SL now +4, TP Friday's low

Edit: closed +6 by trailing SL......the PA before XO is unreliable.....coffee whilst we wait....also gold moving up is not good for DAX
Trading Levels with WRBs
  • #2,477
  • Sep 15, 2014 1:58am Sep 15, 2014 1:58am
Quoting Alone.
DB on M1 Long at 9.600 SL at 9590
Out at BE
  • #2,478
  • Sep 15, 2014 2:03am Sep 15, 2014 2:03am
good morning,

gap-close running?
long @9607, sl 9597 tp 9637
fortis fortuna adiuvat
  • #2,479
  • Sep 15, 2014 2:11am Sep 15, 2014 2:11am
Quoting Alone.
{quote} Out at BE
dammit i could be rich now
  • #2,480
  • Sep 15, 2014 2:16am Sep 15, 2014 2:16am
Rich and... alone

just kidding
Corripe Cervisiam!
0 traders viewing now