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SPX and DAX - CFDs are the place to be

  • #2,881
  • Sep 23, 2014 7:45am Sep 23, 2014 7:45am
Gone long, probability is that S&P gains on a Tuesday
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used to be undecided but nowadays can't make my mind up
  • #2,882
  • Sep 23, 2014 7:56am Sep 23, 2014 7:56am
Quoting mrcreosote
Gone long, probability is that S&P gains on a Tuesday {image}
The best thing that can happen to you is to find out where you're wrong.
  • #2,883
  • Sep 23, 2014 8:36am Sep 23, 2014 8:36am
Quoting USD-Bear
chancing a long @ 9610 GER30 H4: {image}
stop @ BE
Don't be a hero. Don't have an ego. Always question yourself
  • #2,884
  • Sep 23, 2014 8:58am Sep 23, 2014 8:58am
Quoting USD-Bear
{quote} stop @ BE
me too...
and I'm thinking to close @ 9677.5 for a while .. waiting for a retrace
The best thing that can happen to you is to find out where you're wrong.
  • #2,885
  • Sep 23, 2014 9:06am Sep 23, 2014 9:06am
Quoting Motfund
{quote} Had questionned the thread about the gap left well below dax actual level. Still trying to go for it. Good trades to all.
Went out just after the news. hopefully reloading short higher. Or lower. We'll see. Still looking for the two opened gaps (the lowest around 9130/40). Good trades to all.
edit : my out price was 9665
  • #2,886
  • Sep 23, 2014 9:14am Sep 23, 2014 9:14am
+51.8 at 9650 - got an entry at 9598.2 - must be beginners luck :nerd:
I chose 9650 cos Dax seems to like round numbers, I just need to get a consistent 50 pips/day and I'll be happy
used to be undecided but nowadays can't make my mind up
  • #2,887
  • Sep 23, 2014 9:27am Sep 23, 2014 9:27am
Quoting mrcreosote
+51.8 at 9650 - got an entry at 9598.2 - must be beginners luck :nerd: I chose 9650 cos Dax seems to like round numbers, I just need to get a consistent 50 pips/day and I'll be happy

Great entry .....I got long off the S3 9602 and had my target at S2 9665 or the 50% retrace of today's range at 9673 so I banked nice points too .....Dax likes the daily pivot levels too
Trading Levels with WRBs
  • #2,888
  • Sep 23, 2014 9:37am Sep 23, 2014 9:37am
Quoting USD-Bear
chancing a long @ 9610 GER30 H4: {image}
added some @ 9620 risking 10 on these
Don't be a hero. Don't have an ego. Always question yourself
  • #2,889
  • Sep 23, 2014 9:42am Sep 23, 2014 9:42am
Quoting Islander
{quote} Great entry .....I got long off the S3 9602 and had my target at S2 9665 or the 50% retrace of today's range at 9673 so I banked nice points too .....Dax likes the daily pivot levels too
Thanks Islander, I enjoy trying to understand your charts, you're obviously a very good trader
Something fishy with one of these feeds, 2 UK 'sources' showing completely different pivot numbers
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used to be undecided but nowadays can't make my mind up
  • #2,890
  • Sep 23, 2014 9:56am Sep 23, 2014 9:56am
Got another opinion from livecharts lol (think they use Dukascopy data)
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used to be undecided but nowadays can't make my mind up
  • #2,891
  • Sep 23, 2014 10:03am Sep 23, 2014 10:03am
Quoting Motfund
{quote} Went out just after the news. hopefully reloading short higher. Or lower. We'll see. Still looking for the two opened gaps (the lowest around 9130/40). Good trades to all. edit : my out price was 9665
Now continuing the "trade for the gaps" - back in short at 9616.5. Sometimes a pity to have to followyour own rules but... it's the rule.

Edit : so yet 9870>9665 then 9616.5> ? Objectives on zones 9480/9500 & 9130/9140
  • #2,892
  • Sep 23, 2014 10:21am Sep 23, 2014 10:21am
so far text book on dow
closing the gap and then going south and while doing so printing and ABC structure which is useful to draw fibs retracements and extensions
now looking for at least 38.8 fib retracement before shorting dow
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Make sure losses are small and profits are bigger!
  • #2,893
  • Sep 23, 2014 10:23am Sep 23, 2014 10:23am
Quoting 2be
so far text book on dow closing the gap and then going south and while doing so printing and ABC structure which is useful to draw fibs retracements and extensions now looking for at least 38.8 fib retracement before shorting dow {image}
Short dow at 130
soon at be
Make sure losses are small and profits are bigger!
  • #2,894
  • Sep 23, 2014 10:30am Sep 23, 2014 10:30am
Quoting 2be
{quote} Short dow at 130 soon at be
14 pips taken as I have to do something atm
Make sure losses are small and profits are bigger!
  • #2,895
  • Sep 23, 2014 10:49am Sep 23, 2014 10:49am
Quoting mrcreosote
{quote} Thanks Islander, I enjoy trying to understand your charts, you're obviously a very good trader Something fishy with one of these feeds, 2 UK 'sources' showing completely different pivot numbers {image} {image}

You will always get small differences in the actual Daily Pivot level - like the December contract prices vs cash prices. However, the normal calculation uses the close of the US markets at 5pm New York. Just add the day's high + day's low + day's close at 5pm NY and divide by 3 to get the actual Daily Pivot - shown as a Mauve Dashed line on my charts. That allows you to quickly check if you have the base correct level. This is the "most used" calculation.

It maybe your UK sources are using the UK close.....
Trading Levels with WRBs
  • #2,896
  • Sep 23, 2014 10:52am Sep 23, 2014 10:52am
Quoting 2be
{quote} 14 pips taken as I have to do something atm
I had visitors and so missed that nice structured fall on Dax
Trading Levels with WRBs
  • #2,897
  • Sep 23, 2014 11:16am Sep 23, 2014 11:16am
Fdax (5 min)

Two channels collapsing.. which one will be the winner? I pick the yellow one.. any ideas?
(I am short since 9613 by the way)

Happy Trades
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Focus only on what truly matters!
  • #2,898
  • Sep 23, 2014 12:03pm Sep 23, 2014 12:03pm
Quoting Motfund
{quote} Now continuing the "trade for the gaps" - back in short at 9616.5. Sometimes a pity to have to followyour own rules but... it's the rule. Edit : so yet 9870>9665 then 9616.5> ? Objectives on zones 9480/9500 & 9130/9140
Scaled out half on 9596; keeping the rest until corrective bullish sign. Same objectives. Have a nice evening and good trades.
edit : I mean until bullish signs on bigger timeframe (back on the 4H scale)
  • #2,899
  • Sep 23, 2014 12:20pm Sep 23, 2014 12:20pm
Quoting Ata-Turkoglu
Fdax (5 min) Two channels collapsing.. which one will be the winner? I pick the yellow one.. any ideas? (I am short since 9613 by the way) Happy Trades {image}
Closing my short.. +33 points.. dow is at 17.000... BRN.. so I think if it returns from there dax could also return..

Happy Trades
Focus only on what truly matters!
  • #2,900
  • Sep 23, 2014 3:11pm Sep 23, 2014 3:11pm
Quoting Danku
{quote} Let us know when you start it .. keen follower .. good luck
hi Danku,

thanks. iŽll let you know you - i think within the next days.
three hits today in the last 10 minutes of dow-session. not only effective but also efficient
looks like as if tomorrow i can sell the first short dax etf position (last in first out 9770 -> 9570)

good night
fortis fortuna adiuvat
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