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Attachments: DAX - Euro Stoxx 50 - FTSE100 - CAC40 trading
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DAX - Euro Stoxx 50 - FTSE100 - CAC40 trading

Took this trade based on the demand level

i didn't get a quite good high volume during the up move , so i left the trade
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seems interesting

Perfecting your entry will increase your profits
Quoting baidovich
Took this trade based on the demand level i didn't get a quite good high volume during the up move , so i left the trade {image}
Same level still holding on with the gap
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DAX weekly
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Quoting JohnDalio
{quote} Hi Tunera may I ask what broker you are using please to trade the DAX and do you get a good spread and decent fills? many thanks
Also wondering which broker you guys would recommend for trading indices.
  • Post #26
  • Quote
  • Edited at 7:48am Jul 7, 2015 7:06am | Edited at 7:48am
Short FTSE at 6521 sl +15 (demo)
Tighted up SL to 6531 and TP set at 6511 (10 either way).

Update TP 6511 hit for 10 pips after a slight reversal.
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  • Post #27
  • Quote
  • Edited at 10:16am Jul 7, 2015 9:32am | Edited at 10:16am
Short FTSE at 6517 SL +15 TP 6502.
Regardless of result that is my max two trades for one day.
Update: TP hit for 15 points.
No more trades today

Thank you Tunera for starting this thread as I prefer to trade FTSE.
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I see quite a few people asked me what's my broker, it is fxcm, so far i think is ok, 1pip spread on european indices, good execution etc.

For charting indices i use pepperstone as their indices charts are 24h so it seems better from a technical analysis perspective to use such charts.

Fxcm european indices charts stop updating at ny close and re-start moving at german/london open, however the futures market keep moving also overnight.

This is one reason why i am slowly drifting back to fx, this GAP-thing of indices is really annoying, dax tend to make the biggest move overnight and gap up or down hundreds pips everyday, so it's still very good for a scalping/intraday trading style but keeping trades opened overnight is just dangerous (as it tend to move a lot overnight but fxcm don't let you open or close positions during that time).

As for now though, indices continue to be kind with me and that is a good thing.
Quoting tunera
Fxcm european indices charts stop updating at ny close and re-start moving at german/london open, however the futures market keep moving also overnight.
Nay, Sorry, but european index futures don`t trade overnight.

Regards
Quoting Forex37
{quote} Nay, Sorry, but european index futures don`t trade overnight. Regards
Of course it does, the cash market close at 16.30 gmt, but futures close at 21 gmt

The futures market close only for 10 minutes, this mean that close at 21gmt and open again at 21.10 gmt.

Since the futures market continue to trade almost 24h/24h, there are no gaps.
While in the cash market, we can observe the "gaps" (as it stop trading at 16.30 gmt and start trading again at frankfurt open), below there are 2 charts:

the first one is the cash market (we can see the gaps).
the second one is the futures market (never close).

You can accept or deny this fact, up to you.

Even in the futures market we can observe some gaps on monday opens (weekend gaps like in forex), but nothing big.

I havn't traded indices in the past week though, i tried them, overall a profitable experience, but on my veins there is fx-trader blood.



(this post was for the dax, other european indices start and close 1 hour after dax, but the story is the same)
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Quoting tunera
{quote} Of course it does, the cash market close at 16.30 gmt, but futures close at 21 gmt The futures market close only for 10 minutes, this mean that close at 21gmt and open again at 21.10 gmt. Since the futures market continue to trade almost 24h/24h, there are no gaps. While in the cash market, we can observe the "gaps" (as it stop trading at 16.30 gmt and start trading again at frankfurt open), below there are 2 charts: the first one is the cash market (we can see the gaps). the second one is the futures market (never close). You can accept...
Sorry, but to avoid misleading info for other newbies:

US index futures trade around the clock, european don`t! Just look up the contract specifications.

Regards
Quoting Forex37
{quote} Sorry, but to avoid misleading info for other newbies: US index futures trade around the clock, european don`t! Just look up the contract specifications. Regards
ok pal, as you wish!
DAX is amazing )))

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Trend is your the best friend. Ever
The DAX confirmed a strong closing last night after having kept the small gap up area,9581 – 9539, still support area also today. While above this area we expect further strength for the DAX! The monthly closing was instead negative suggesting further weakness!
The indicators of the daily chart are still negative for now as well as those of the monthly one suggesting further weakness. Bullish divergences in the daily chart confirm the negative tone. The indicators of the s/t charts are positive this morning supporting some consolidation/ correction with the 200 hours line at 9854 still the possible attraction.
We suggest to still wait for a possible extension of the correction to sell, possibly close to the 10’000 area!!
The DAX confirmed a strong closing last night confirming therefore also Friday's positive day reversal. I expect further strength toward the 10’000 level where we expect some good resistance!!
The indicators of the daily chart are now well positive as well as those of the s/t charts supporting further strength. In the hourly chart we have however overbought conditions and potential negative reversals. Nevertheless, while above the 200 hours line at 9758 and expect further strength for this index, move supported also by the confirmation yesterday of the S_H_S formation with an up sloping neck line, today found at 9823!!
I suggest waiting for a possible retest of the 9760 level to go long for a move toward 10’000!!
My Account was 50% down and then I started trading S n P 500 and from there into France 40.
Im not sure if this is different from DAX and CAC.

Now my account is 30% down in 1 month. I cant complain. And this is all news based. What is you guys take on this?

S
Trading View Today: The DAX confirmed again a weak closing after a few sessions of mixed closing. However, a daily closing tonight below 9935 could already confirm a s/t top suggesting a resumption of the decline.
The indicators of the daily chart are still well positive showing however potential negative reversals. The indicators of the s/t charts turned instead below the line suggesting for the coming hours a possible test of the 200 hours line at 9780. This decline is corrective based on the hourly chart a little in contrast to the daily one.
The drop below 9939, now s/t resistance, confirmed a small S_H_S formation supporting a deeper correction suggesting even a 9750 undershooting.
I try a short position in case of a 9995 overshooting with a stop above 10’070!!
Trading View Today: DAX confirmed a further weak closing below the low of the previous session suggesting that a top could be in place for the DAX. After a possible correction we expect further weakness suggesting even a resumption of the decline!
The indicators of the daily chart are still well positive showing however potential negative reversals. The indicators of the s/t charts are instead still below the line supporting further weakness. Bullish divergences confirm the negative tone. While below 10’025 I favour a move toward the 200 hours line, now found at 9812.
I sold as expected the 9995 overshooting. Put a stop at 10’075!!
Seems like dax is trying to make a bottom, we can see what looks like a double bottom (and a "U" shaped bottom, maybe a "Cup and handle" pattern too?).
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What brokers are you all using, please?

I'm looking at a live account and debating between; FXPro (UK) FTSE Futures & Vantage (AUs) FTSE CFDs

The margin requirement on Vantage CFDs is half that of FXPs Futures.

FXPro FTSE Future
1 per tick = 0.10 lot Margin = 127.32
5 per tick = 0.50 lot Margin = 636.86
Vantage FTSE CFD
1 per tick = 1.00 lot Margin = 63.89
5 per tick = 5.00 lot Margin = 319.58

Also anyone have a comment on these brokers for Futures and CFDs? Not interested in FX.
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