Carpe diem: Intraday tactics for Dax and Dow | Page 744 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

DAX, Nikkei 225 and Dow Jones only 11 replies

CFD DAX & DOW and more 17 replies

Carpe Diem: Nikkei 225 14 replies

finding good trades with Nasdaq, dow, spx, and dax 43 replies

Daily pivot point indicator on mt4 for dow and dax 1 reply

Attachments: Carpe diem: Intraday tactics for Dax and Dow
Exit Attachments

Carpe diem: Intraday tactics for Dax and Dow

  • #14,861
  • Edited 11:01am Nov 4, 2015 10:50am | Edited 11:01am
Quoting sakisf
{quote} Or move to daily once he gets the headaches
The headaches were back when I was trading Wave 59 stuff that was waaaaaay above my paygrade......Square of Nine, Empheris and Astrophysical indicators....:nerd:

PS I see that you've posted elsewhere that you trade Dax and Dow....how about posting some trades and charts here to.....
Trading Levels with WRBs
  • #14,862
  • Nov 4, 2015 10:53am Nov 4, 2015 10:53am
Quoting Islander
{quote} LOL, next you'll be suggesting a 5 sec chart
I'm always testing the possibilities. Ideally I'd like to be able to turn the computer on, trade for an hour, then turn it off for the day. I'm currently in the process of devising a strategy for 1 sec charts. If I come up with it, I'll let you know
  • #14,863
  • Nov 4, 2015 10:55am Nov 4, 2015 10:55am
Hi. Im new on this. Why trade index rather than pair?
Wich are the pros and cons of 5his 2index??
  • #14,864
  • Nov 4, 2015 10:55am Nov 4, 2015 10:55am
Quoting Islander
{quote} The headaches were back when I was trading Wave 59 stuff that was waaaaaay above my paygrade......Square of Nine, Empheris and Astrophysical indicators....:nerd:
funny how the more experienced we become the simpler our charts get
  • #14,865
  • Nov 4, 2015 10:57am Nov 4, 2015 10:57am
Quoting garbulus
Hi. Im new on this. Why trade index rather than pair? Wich are the pros and cons of 5his 2index??
There are two:

1/ many more opportunities to make money
2/ many more opportunities to lose money
  • #14,866
  • Nov 4, 2015 11:03am Nov 4, 2015 11:03am
Long 10834
Attached Image (click to enlarge)
Click to Enlarge Name: 04-11-15.png Size: 36 KB
  • #14,867
  • Nov 4, 2015 11:10am Nov 4, 2015 11:10am
[quote = jmss59; 8575105] Largo 10834 {image} [/ quote]
closed +15
  • #14,868
  • Nov 4, 2015 11:13am Nov 4, 2015 11:13am
Quoting cat
{quote} There are two: 1/ many more opportunities to make money 2/ many more opportunities to lose money
And tha's why?More volatile market?Sorry about my english.
  • #14,869
  • Nov 4, 2015 11:18am Nov 4, 2015 11:18am
Quoting garbulus
{quote} And tha's why?More volatile market?Sorry about my english.
Yes more volatile - bigger average true range, bigger moves, faster moves, plus more of them generally. This is why we trade the Dax and the Dow during the New York session. For me the best forex pairs to trade are GBP/USD, and GBP/JPY, because they are the only ones with a tight spread which come anywhere near to rivaling the volatility of the Dax.
  • #14,870
  • Nov 4, 2015 11:18am Nov 4, 2015 11:18am
Quoting Islander
{quote} The headaches were back when I was trading Wave 59 stuff that was waaaaaay above my paygrade......Square of Nine, Empheris and Astrophysical indicators....:nerd: PS I see that you've posted elsewhere that you trade Dax and Dow....how about posting some trades and charts here to.....
Just finding it hard to adhere to rule 2. And most are with IG or other brokers which have dax/dow cash, so my numbers are quite different. Usually I get stress when I go long/short dax and due to mental stops I am getting glued to screen, so missing the opp to post.

Here is one Dow though (cfd dec). Stuck on daily open and just below 200ma/ema. My stop depends on equity % - usually 2-5% per trade.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 36 KB
  • #14,871
  • Nov 4, 2015 11:31am Nov 4, 2015 11:31am
Quoting garbulus
{quote} And tha's why?More volatile market?Sorry about my english.
right, volatility is higher which means chances and risks are higher. in addition, you can look at real volume if you want to on the exchanges (xetra/eurex f.e.) and prices on the exchanges are more regulated than the fx-markets which are more or less otc-markets + there are arbitrage arguments which insure a relation between futures and cash market. also, longer term trend is easier to forecast cause indices are the sum of the components - and there are proper ways to valuate firms in the long run.
fortis fortuna adiuvat
  • #14,872
  • Nov 4, 2015 11:32am Nov 4, 2015 11:32am
Quoting sakisf
{quote}Here is one Dow though (cfd dec). Stuck on daily open and just below 200ma/ema. {image}
Close +18. (new 30m and dax not bearish now)

Long now. Low risk sl (1/4th of previous position) and expecting another night run.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 25 KB
  • #14,873
  • Nov 4, 2015 11:42am Nov 4, 2015 11:42am
long @17865,9 sl -20 tp +60
fortis fortuna adiuvat
  • #14,874
  • Nov 4, 2015 12:00pm Nov 4, 2015 12:00pm
Quoting sakisf
{quote} Just finding it hard to adhere to rule 2. And most are with IG or other brokers which have dax/dow cash, so my numbers are quite different. Usually I get stress when I go long/short dax and due to mental stops I am getting glued to screen, so missing the opp to post. Here is one Dow though (cfd dec). Stuck on daily open and just below 200ma/ema. My stop depends on equity % - usually 2-5% per trade. {image}
Thanks for posting - and yes Rule 2 is there, but seasoned traders posts do get some leeway Also, its the ideas that are important, so the difference in cash to futures is no problem for most here ....
Trading Levels with WRBs
  • #14,875
  • Nov 4, 2015 12:01pm Nov 4, 2015 12:01pm
Quoting Islander
{quote} LOL, next you'll be suggesting a 5 sec chart
last step: using tick-charts

http://td.md.it-finance.com/ProRealT...g&purpose=file
fortis fortuna adiuvat
  • #14,876
  • Nov 4, 2015 12:04pm Nov 4, 2015 12:04pm
sl hit. -20
fortis fortuna adiuvat
  • #14,877
  • Nov 4, 2015 12:06pm Nov 4, 2015 12:06pm
Quoting sakisf
{quote} Close +18. (new 30m and dax not bearish now) Long now. Low risk sl (1/4th of previous position) and expecting another night run. {image}
sl hit -17
  • #14,878
  • Nov 4, 2015 12:12pm Nov 4, 2015 12:12pm
long @17839,9 sl -20 tp +60
fortis fortuna adiuvat
  • #14,879
  • Nov 4, 2015 12:13pm Nov 4, 2015 12:13pm
Bought again. Support just below and sp just hit s1. sl 11 points.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 50 KB
  • #14,880
  • Nov 4, 2015 12:18pm Nov 4, 2015 12:18pm
Quoting sakisf
Bought again. Support just below and sp just hit s1. sl 11 points. {image}
also a member of the "tight sl club"
fortis fortuna adiuvat
13 traders viewing now