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SPX and DAX - CFDs are the place to be

  • #3,721
  • Dec 14, 2014 2:04pm Dec 14, 2014 2:04pm
4-hour chart:
Attached Image
  • #3,722
  • Dec 14, 2014 2:06pm Dec 14, 2014 2:06pm
More accurate entries for obsessive-compulsive intraday trades. 15 minute chart
Attached Image
  • #3,723
  • Dec 15, 2014 9:40am Dec 15, 2014 9:40am
Bought Dax ETF again @9500. TP 9700.
fortis fortuna adiuvat
  • #3,724
  • Dec 15, 2014 10:21am Dec 15, 2014 10:21am
Attached Image (click to enlarge)
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  • #3,725
  • Dec 15, 2014 10:25am Dec 15, 2014 10:25am
Quoting doggette
S&P500 update. Looking at continuation of downward trend. Momentum seems to be accelerating. Possible entries either at flip zone on m15 at Value Area low 2014, or at Value Area high 2025/26. These levels are compliant with a 4-hour supply sitting at 2017-2031. Targets: 1. 1975, some demand there 2. 1940, 200 DMA is right at 1938 which is also an edge of demand visible on Daily. I'd expect to see some reaction at 1940. Another demand at 1954, but we'll see if this thing ends up closing under 200 DMA. Because if it does, that's a game changer. Daily...
Trade working out as planned. Limit order kicked off at 2017.
Attached Image (click to enlarge)
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  • #3,726
  • Dec 15, 2014 11:08am Dec 15, 2014 11:08am
fibo 1980 done
  • #3,727
  • Dec 15, 2014 11:11am Dec 15, 2014 11:11am
Quoting doggette
More accurate entries for obsessive-compulsive intraday trades. 15 minute chart {image}
I second that , well put
Hear the music before the song is over ...
  • #3,728
  • Dec 15, 2014 11:13am Dec 15, 2014 11:13am
Quoting deltaone
Bought Dax ETF again @9500. TP 9700.
You're humiliating yourself adding to your losers every 200 points .. dax is now 9300 you're down 400 points under water on multiple positions.
It takes balls cutting one's losses ... but then again ... we all knew already you got NONE ....deltaNONE , LOL
so what's next?
you adding to your losers at 9300 now?
Hear the music before the song is over ...
  • #3,729
  • Dec 15, 2014 12:08pm Dec 15, 2014 12:08pm
Can we expect a 50% retracement on this drop ?
  • #3,730
  • Dec 15, 2014 3:41pm Dec 15, 2014 3:41pm
Quoting GlobalMacro
{quote} You're humiliating yourself adding to your losers every 200 points .. dax is now 9300 you're down 400 points under water on multiple positions. It takes balls cutting one's losses ... but then again ... we all knew already you got NONE ....deltaNONE , LOL so what's next? you adding to your losers at 9300 now?
hey we all run into periods of drawdown, so ease up, ok?
  • #3,731
  • Dec 15, 2014 3:43pm Dec 15, 2014 3:43pm
And I will also add to my previous post that it's HOW you deal with drawdowns while they're happening that makes or breaks a trader. Here's a useful video on dealing with tough periods for those that are finding the market difficult:

http://blog.opentrader.com/how-to-de...and-drawdowns/
  • #3,732
  • Dec 15, 2014 3:43pm Dec 15, 2014 3:43pm
one, two, many (multiple)

finis coronat opus.
fortis fortuna adiuvat
  • #3,733
  • Dec 15, 2014 4:06pm Dec 15, 2014 4:06pm
Quoting doggette
{quote} hey we all run into periods of drawdown, so ease up, ok?

hi doggette,

i post my (overnight/longer term) trades here in accordance with the rules of your first post on this thread ("HINDSIGHT NOT ALLOWED!!!! SHOULDA WOULDA COULDA has no place in trading.") that trades are just an add-on to my main business (daytrading, on another thread). they are unleveraged and my risk budget for this strategy is defined, active - but out of reach.

all the best
d1
fortis fortuna adiuvat
  • #3,734
  • Edited 5:07pm Dec 15, 2014 4:14pm | Edited 5:07pm
Quoting doggette
{quote} hey we all run into periods of drawdown, so ease up, ok?
You're right absolutely I agree
and in case of that snob ,if you go back in this thread you'll see he made fun of others' 15-point stop loss which is well within normal risk parameters and yet he has the audacity to call people jealous of his trading!? (what a joke ... ) when he actually has no freaking clue what risk management is as you can see black on white right here... keeps adding to losers with 400 points loss in DAX instead of using stop loss and cutting his losses.

Just a reminder to devour his humble pie slowly. I actually don't give a damn what the hell that guy does with his money but this should be a lesson for him to keep his ignorant mouth shut on other people's trades when he himself can't tell his bud from his head.

You have a nice day now.
Hear the music before the song is over ...
  • #3,735
  • Edited 3:28am Dec 16, 2014 3:06am | Edited 3:28am
DAX is down another 160 points this a.m.

After breaking the ATL y/d @ 9650 and retesting the level via a shooting star , dax has dropped a total of 500 points , the majority of it within the last three hourly candles. Look at that selloff , straightforward PA , can't get any easier than that.

If you're Long , you're Wrong ... there's no two ways about it.

Today's new low so far in the spot market : 9219
Attached Image (click to enlarge)
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Hear the music before the song is over ...
  • #3,736
  • Dec 16, 2014 4:06am Dec 16, 2014 4:06am
Hi somebody goes LONG S&P 500 ?
"I'm not answering stupid questions."
  • #3,737
  • Dec 16, 2014 4:29am Dec 16, 2014 4:29am
Loads of volume at this morning's lows at the 50% retrace and numerous other projections.....a great morning for trading both ways

A bullish engulfing on the hourly suggests a retrace may have started......TWT in the US Session.....
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Trading Levels with WRBs
  • #3,738
  • Dec 16, 2014 5:23am Dec 16, 2014 5:23am
good news:

i have invented a new indi. it is an intraday contra-indicator for dax/fdax.
i call it the ahem (angry hindsight easy money) - indi.
first trade looked promising and was closed with +200 points!
the only sad thing is that data input is created irregular
fortis fortuna adiuvat
  • #3,739
  • Dec 16, 2014 5:29am Dec 16, 2014 5:29am
Quoting deltaone
good news: i have invented a new indi. it is an intraday contra-indicator for dax/fdax. i call it the ahem (angry hindsight easy money) - indi. first trade looked promising and was closed with +200 points! the only sad thing is that data input is created irregular

So you have now stopped scalping but concentrating on larger wins?? I guess this is a good approach as it certainly cuts down on comiisions and paying alot of bid/offer spreads
  • #3,740
  • Dec 16, 2014 8:27am Dec 16, 2014 8:27am
Daily view of S&P500:
Touched 200 DMA and a slight retrace. If we get a close below it, its big news for hedge funds and other big players. All eyes on 1966!
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