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Carpe diem: Intraday tactics for Dax and Dow

  • #22,321
  • May 13, 2016 6:31am May 13, 2016 6:31am
Quoting stylinex
{quote} Here it is from another source {image}
Now this is interesting - my feed has yesterday's high at 10088.5, which would have hit your entry (assuming that it was at the same time) - but I would have thought that your entry would only register based on the price your broker is giving?
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  • #22,322
  • May 13, 2016 6:34am May 13, 2016 6:34am
This might be clearer:
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  • #22,323
  • May 13, 2016 6:34am May 13, 2016 6:34am
It's the spread ask and bid price

If you short and stop loss above entry price it's a buy order - buy order meet ask price will be executed although the bid price never reach your buy order
  • #22,324
  • May 13, 2016 6:38am May 13, 2016 6:38am
Quoting CathS
{quote} Now this is interesting - my feed has yesterday's high at 10088.5, which would have hit your entry (assuming that it was at the same time) - but I would have thought that your entry would only register based on the price your broker is giving? {image}
Trade was executed at 7:25pm Hong Kong time or 7:25 am New York time. Next time I will have to give my self more space just in case. If the stop loss orders are too close to market price they usually move up or down in a Yo-Yo like action just to take that stop loss out of yours before heading in opposite direction. One just has to learn their tricks and work around them.
  • #22,325
  • May 13, 2016 6:38am May 13, 2016 6:38am
Quoting CathS
{quote} So does this imply that stops can be seen also? I am constantly amazed and frustrated at how price reaches stops and reverses, not just for me but for other traders also. Makes me nervous about using stops but the the consequences of not using one could be worse.....
#22'306

...it seems more a matter of risk management & greed, which forces the traders to execute their orders;
stop hunting iseems more & more to be an algorithm (program code) from the brokers, IMO.,
these programs could collect all open orders with stop losses & pointed out the maximum profit targets when prices were accelarated like an elastic band.
Why should it be realistic?
Think about it!
FXcube
  • #22,326
  • May 13, 2016 6:39am May 13, 2016 6:39am
Quoting Ken A
It's the spread ask and bid price If you short and stop loss above entry price it's a buy order - buy order meet ask price will be executed although the bid price never reach your buy order
Thank you. Next time I will give myself more space. I learned my lesson the hard way but lesson learned none the less.
  • #22,327
  • May 13, 2016 6:41am May 13, 2016 6:41am
US30, Long @ 17'648
  • #22,328
  • May 13, 2016 6:46am May 13, 2016 6:46am
Quoting Forexcube
{quote} #22'306 ...it seems more a matter of risk management & greed, which forces the traders to execute their orders; stop hunting iseems more & more to be an algorithm (program code) from the brokers, IMO., these programs could collect all open orders with stop losses & pointed out the maximum profit targets when prices were accelarated like an elastic band. Why should it be realistic? Think about it! FXcube
Thanks!
It's the spread ask and bid price

If you short and stop loss above entry price it's a buy order - buy order meet ask price will be executed although the bid price never reach your buy order.

And thanks Ken too!
  • #22,329
  • May 13, 2016 6:48am May 13, 2016 6:48am
Quoting stylinex
{quote} I am going to show you something but because we can only post 1 image I will upload them separately. Yesterday I had a huge short position when the DAX was sitting around 10070. I changed my stop loss order to 10078 (I should not have done this and should have just left it at 10080) but none the less I did. Forex took out my stop loss and executed it at 10085 and my eyes were glued to the screen watching index futures price on two different platforms and neither hit 10078.25 After it took out my stop loss it drops to under 10,000 as we saw...
Why aren't you switching your Broker? At my Broker I can configure how Stop orders are triggered. They are definitively not Stop Hunting. I'm sure there are many other good Brokers.


https://www.100forexbrokers.com/stp-ecn-brokers
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  • #22,330
  • May 13, 2016 6:52am May 13, 2016 6:52am
Quoting stylinex
Anyone see a possible retrace to 9840?
#22'285

the monthly candles could go a littel bit more downside ~9'440 maximum 9'160 but the
opportunity for an upward bias seems greater IMO.
Longer term (this month) ~9'660 long & some more longs later on (~9'530, if so, & ~9'440, if so) is my strategy.
but I feel better with scalping management actually short term.
FXcube
  • #22,331
  • May 13, 2016 6:53am May 13, 2016 6:53am
US30, Long @ 17'642 (10x)
  • #22,332
  • May 13, 2016 6:58am May 13, 2016 6:58am
Quoting Forexcube
{quote} #22'285 the monthly candles could go a littel bit more downside ~9'440 maximum 9'160 but the opportunity for an upward bias seems greater IMO. Longer term (this month) ~9'660 long & some more longs later on (~9'530, if so, & ~9'440, if so) is my strategy. but I feel better with scalping management actually short term. FXcube
I got out a bit too early but I was happy with my gains. I now think that 9900 is possible but I still feel that we are due to tank later on today. I do not think we finish green today. Probably US indexes may climb a bit to cover some calls and then probably drop after. My guess that is
See Hang Seng,Nikkei and Taiwan Indexes?

http://www.investing.com/indices/indices-futures
  • #22,333
  • May 13, 2016 6:59am May 13, 2016 6:59am
When some traders here are thinking that they need stop loss & make no profits all the while, if so then maybe forex trading should be discintinued.
If some traders are trading without stop loss & they make more losses then wins, they should do the same.
FXcube
  • #22,334
  • Edited 7:28am May 13, 2016 7:15am | Edited 7:28am
Quoting stylinex
{quote} I got out a bit too early but I was happy with my gains. I now think that 9900 is possible but I still feel that we are due to tank later on today. I do not think we finish green today. Probably US indexes may climb a bit to cover some calls and then probably drop after. My guess that is
#22'333

Hold the losses small seems absolutely important
...but why have to put out too early when the trades are going against oneself & could reach the profit zone a little time later?
I have learned to give the market its breath without amputate these events too early with these frequently fixed abortive stop losses
In this way to implement a stop loss seems often another type of too high risk management at bottom.;
...greed seems not to be the best disposition factor for trading.
I have had a DAX 10'000 target yesterday & I'm executed it 20 pips or 30 pips before,
although I expected that the DAX could be easily going over 10'000 because of the actual volatility at that time.
Why should I going out of the market if I expect the 10'000 limit by forgoing more profit?
I have make enough money at this day also with other trades (US30,k CAC40...) and sh*t could always happens in this voltaile forex market,
...assassinations, ecological calamities, bad news, sudden abrupt price fluctuations & so on.
Truth the told, forex is always a high risk business & it's easier to be brave from a safe distance.
The main factor when trading is to be psychological present and stable & also too much risk could destroy all your honorable intentions.
...& it could be better sometimes having days where not to trade. Staying on the sideline and let the events running past you.
FXcube
  • #22,335
  • May 13, 2016 7:16am May 13, 2016 7:16am
Quoting Forexcube
{quote} #22'285 the monthly candles could go a littel bit more downside ~9'440 maximum 9'160 but the opportunity for an upward bias seems greater IMO. Longer term (this month) ~9'660 long & some more longs later on (~9'530, if so, & ~9'440, if so) is my strategy. but I feel better with scalping management actually short term. FXcube
And from what we've seen you're pretty good at scalping.
  • #22,336
  • Edited 7:44am May 13, 2016 7:31am | Edited 7:44am
the "indices++" has pointed out a value from about 103% yesterday, now it is 91%, so what?
...next week, it could be 80% or 120%;
...every trader has to point out his risk tolerance which fits best for him.
& be aware all 2nd , 3th or fifth month the forex market play a double game (compare the long monthly candles).
FXcube
  • #22,337
  • May 13, 2016 7:35am May 13, 2016 7:35am
Quoting Forexcube
US30, Long @ 17'642 (10x)
#22'332

Exit @ 17'657, +15 (x10 = 150)
A2* +150.-$
  • #22,338
  • May 13, 2016 7:43am May 13, 2016 7:43am
Quoting jupiter13
{quote} And from what we've seen you're pretty good at scalping.
#22'336

I'not sure if I have understand your question in a right way, jupiter13.
Scalping is a high risk trading & needs experience & the ability to win your losses back if your located into losses zone.
I like scalping because I feel it matched on my person & I like also events (or somne accounts) with higher risk potential.
FXcube
  • #22,339
  • May 13, 2016 7:44am May 13, 2016 7:44am
Quoting Forexcube
the "indices++" has pointed out a value from about 103% yesterday, now it is 91%, so what? ...next week, it could be 80% or 120%; ...every trader has to point out his risk tolerance which fits best for him. & be aware all 2 or three month the forex market play a double game (compare the long monthjly candles). FXcube
What do you mean "103% yesterday, now it is 91%"? How did you calculate that?
  • #22,340
  • May 13, 2016 7:48am May 13, 2016 7:48am
Quoting jupiter13
{quote} What do you mean "103% yesterday, now it is 91%"? How did you calculate that?
it's 83.6 actual for citing an example & based on FF calculations.
I calculate my profits in another way in due consideration of accepting my expected risk & profit potential
& the profits which I have made before & how much money I have putting out of all these accounts, yet.
FXcube
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