Nice to see good trades from you guys.Got burned -25 pips today on GU, no clear direction for my pairs today, 144SMA went flatline for almost the whole day.
Waiting for tomorrow's trading session.
But if still no direction, I'll go for a 1 minute scalping until the smokes clears out. Isko
{quote} Hi, there was some other pair that did perform better today, maybe eurusd?...but yes, better if you fold up on scalping in days like this. Tomorrow you'll recover!
(getting interested with it)2 trades today and a thank you to Isko whose postings have reminded me of some basics that once in a while get left behind. Isko I'm sure you'll see what I mean. As a day trader we sometimes get too attached to 1 way of doing things, when we really need to adapt to the market we have to trade. {image} {image}
, anyway, you're welcome, I am learning also from you and others.Hi everybody, hope everybody's catchin' green pips today. No trade for me today (again) been busy with my day job. After work, I started looking at DAX charts, been interested since you guys are trading CFD's. Opened a DEMO account for it and it seems there is a big difference between currency and the DAX. The movement is quite fast. Will you guys give me some education how to trade DAX?
{quote} its a good trade thefxpros, better to have +8 ticks than a negative hit to your equity.
Hey Isko, No today just fx pairs, the futures I follow were doing nothing when I was looking. I don't trade indices futures, find myself chasing too often, why I don't trade gold either. I do indices options regularly though both weekly and monthly usually iron condors.
{quote} Dax is a beast, be careful, try to know it in demo for a few days, weeks better...why don't you start with dow jones instead? it is volatile but less hysterical than the dax, a bit sleepy in the morning but in the afternoon (Italy time) it gives the best of itself. For the morning take a look on ftse, cac40 and other european indices like mib40, ibex. For the american session take a look also on mid&cap400 and nasdaq, they are quite volatile...dax is really a monster...never tried to trade it in live for now...in scalping it would destroy...
