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SPX and DAX - CFDs are the place to be

  • #3,081
  • Sep 26, 2014 2:15am Sep 26, 2014 2:15am
Quoting Islander
LOL, before I score an own goal .....no news until the US GDP this afternoon and with a (retail) gap up open, the first hint is of a pull back towards the fib retracements with the 38% close to today's DP. To the downside, the fib expansions or on the 4hr / daily the 50% retace of the last rally at 9397. Now, coffee before XO.... {image}
I think we touch 9400 by next week
  • #3,082
  • Sep 26, 2014 2:18am Sep 26, 2014 2:18am
we just kissed yesterday LOW..
  • #3,083
  • Sep 26, 2014 2:25am Sep 26, 2014 2:25am
Quoting stylinex
{quote} I think we touch 9400 by next week
hope so ...
Good morning Stylinex
  • #3,084
  • Sep 26, 2014 2:31am Sep 26, 2014 2:31am
Quoting stylinex
{quote} I think we touch 9400 by next week
Hi Stylinex... why not this week?

Happy Trades
Focus only on what truly matters!
  • #3,085
  • Sep 26, 2014 2:47am Sep 26, 2014 2:47am
9570 pullback target confirmed. So long as we don't drop below 9455 that is.!!
Attached Image (click to enlarge)
Click to Enlarge Name: DAX30M15.png Size: 33 KB
It's easy to win & even easier to lose
  • #3,086
  • Sep 26, 2014 2:51am Sep 26, 2014 2:51am
Quoting Ata-Turkoglu
{quote} Hi Stylinex... why not this week? Happy Trades
Trying to be on the safe side. Weekly options expire today so they may milk the prices back up again this week for a particular closing price. You never know what they decide to close at this week after the price drops earlier on this week.
  • #3,087
  • Sep 26, 2014 2:53am Sep 26, 2014 2:53am
Quoting capetown
{quote} hope so ... Good morning Stylinex
I am in California for 1 week this week so I am off to bed now. Good luck to you though. What time is it now in Capetown?
  • #3,088
  • Sep 26, 2014 2:54am Sep 26, 2014 2:54am
Quoting stylinex
{quote} Trying to be on the safe side. Weekly options expire today so they may milk the prices back up again this week for a particular closing price. You never know what they decide to close at this week after the price drops earlier on this week.
Oh okay.. thanks
Focus only on what truly matters!
  • #3,089
  • Sep 26, 2014 3:00am Sep 26, 2014 3:00am
Guten morgen Deutchland.

G'day and good afternoon fellow Aussies.

Salamat Malam Indonesians.

Howdy y'all yanks

May today bring much green

Starting off the session today with a Becks beer (so that should provide some luck, if I don't have too many ). First trade was AUD/USD going long. Worked out well thankfully. Counter trend is a big no no though.

Edit. Trading rule today = (Usual lot size / how many beers)*.5 for extra caution.

It's been a bloodbath here on the ASX200. 10 days in a row all red. Close to 10% down in the last week or two. Many money managers are in the process of losing their jobs I'm sure of it. :S
Corripe Cervisiam!
  • #3,090
  • Sep 26, 2014 3:04am Sep 26, 2014 3:04am
Quoting paddlepip
Guten morgen Deutchland. G'day and good afternoon fellow Aussies. Salamat Malam Indonesians. Howdy y'all yanks May today bring much green Starting off the session today with a Becks beer (so that should provide some luck, if I don't have too many ). First trade was AUD/USD going long. Worked out well thankfully. Counter trend is a big no no though. It's been a bloodbath here on the ASX200. 10 days in a row all red. Close to 10% down in the last week or two. Many money managers are in the process of losing their jobs I'm sure of it....
Thanks for your warm greetings.. I love multi-culty attitude.. wish you the best..

Happy Trades
Focus only on what truly matters!
  • #3,091
  • Sep 26, 2014 3:17am Sep 26, 2014 3:17am
Quoting stylinex
{quote} I am in California for 1 week this week so I am off to bed now. Good luck to you though. What time is it now in Capetown?
Good morning,

I am from Slovakia, I use this nick, because I love the city Capetown and was there several times.
Amazing place,but they are many in this world such as Huntington Beach in Cal or San Diego or Sydney, lovely place.
I believe every place in the world is nice, just to take best part of it. Like everywhere are good and bad people.

Like I said, I live in small village in Slovakia, it is 10:15am..my neigbours are older people, so I do not " alarm system " , because they are better then " big brother ".
One Day I had car in repair, so my friend gave me his car.....older man next door..Ooooo You have new car??? and etc...

Enjoy California. Maybe You meet Arnold.
  • #3,092
  • Sep 26, 2014 3:22am Sep 26, 2014 3:22am
Hi Again Seasoned Dax and Cfd Traders,
Last week I couldn't trade the Dax because the Cfd term had 'expired' and quotes stopped coming in
and froze for a few days, as you know I was cribbing about it and asked my broker to put me onto
the next term ( Dec, I think).
Well, now for the past few days the quotes are coming in ( I have been on the road all this while )
but there is no history of price data for the time before the quotes froze last week.
How am I going to refer to previous support/resistance levels like this?
Question again then, is this normal ? How can I resolve this ?
Thanks guys..
  • #3,093
  • Sep 26, 2014 3:27am Sep 26, 2014 3:27am
Quoting stylinex
{quote} Trying to be on the safe side. Weekly options expire today so they may milk the prices back up again this week for a particular closing price. You never know what they decide to close at this week after the price drops earlier on this week.
From where You get info about options expiring and etc..good source, a lot of people write about it....options expire as good affect of price.
  • #3,094
  • Sep 26, 2014 3:28am Sep 26, 2014 3:28am
Quoting dmfx
Hi Again Seasoned Dax and Cfd Traders, Last week I couldn't trade the Dax because the Cfd term had 'expired' and quotes stopped coming in and froze for a few days, as you know I was cribbing about it and asked my broker to put me onto the next term ( Dec, I think). Well, now for the past few days the quotes are coming in ( I have been on the road all this while ) but there is no history of price data for the time before the quotes froze last week. How am I going to refer to previous support/resistance levels like this? Question again then, is this...
What kind of broker is that may I ask? StoneageFX or something?

Happy Trades
Focus only on what truly matters!
  • #3,095
  • Sep 26, 2014 3:31am Sep 26, 2014 3:31am
The broker is xglobal markets. I chose them primarily because they allow fast withdrawals ( not that I've made any so far )
  • #3,096
  • Sep 26, 2014 3:34am Sep 26, 2014 3:34am
Quoting Islander
{quote} Correct.....on my chart, the 38% retrace is at 9556, then the DP at 9563 and the 61% at 9622. PS I bought on the pull back towards the yesterday's close level ( 9480) THE most important level at the start of the day Edit: banked a couple of pts when price hit the falling TL on the 1m chart and failed to break it....
GM Captain,

is there a book or a place ,website that can have such rules for trading ?
Cheers
  • #3,097
  • Sep 26, 2014 3:35am Sep 26, 2014 3:35am
Quoting dmfx
The broker is xglobal markets. I chose them primarily because they allow fast withdrawals ( not that I've made any so far )
I strongly recommend to check this out.. and my advice would be: please look for a better broker
http://forex-brokers-review.toptenreviews.com/

Happy Trades
Focus only on what truly matters!
  • #3,098
  • Sep 26, 2014 3:41am Sep 26, 2014 3:41am
Quoting dmfx
Hi Again Seasoned Dax and Cfd Traders, Last week I couldn't trade the Dax because the Cfd term had 'expired' and quotes stopped coming in and froze for a few days, as you know I was cribbing about it and asked my broker to put me onto the next term ( Dec, I think). Well, now for the past few days the quotes are coming in ( I have been on the road all this while ) but there is no history of price data for the time before the quotes froze last week. How am I going to refer to previous support/resistance levels like this? Question again then, is this...
If you are using MT4, click on the Market Watch icon on the top tool bar to open the contracts that your broker offers, make certain that you are "showing all" - right click on the Symbol to confirm this - and then look for what DE contracts they offer. There should be both DE30 and DE30.Z or similar.

The .Z suffix tells you that it is the December Futures based contract, so look for the plain DE30 which should be the cash contract and thus continious vs the futures contracts which expire on the third Friday of March, June, September and December.

IF you dont have the 2 contracts showing, change broker.
Trading Levels with WRBs
  • #3,099
  • Sep 26, 2014 3:47am Sep 26, 2014 3:47am
Boring hour.. it seems like before New York opening we will have loads of time to drink coffee

Happy Trades
Focus only on what truly matters!
  • #3,100
  • Edited 4:07am Sep 26, 2014 3:48am | Edited 4:07am
Quoting geomoon
{quote} GM Captain, is there a book or a place ,website that can have such rules for trading ? Cheers

I don't know - try a search in FF or in google. The fact that the closing price is the third input for the daily pivot calculation tells you that it is important and watched by the pros

PS: check my old thread....I've posted an indy there that may help...
Trading Levels with WRBs
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