FTSE, DAX, DOW Trading Ideas and discussions

This is a discussion on FTSE, DAX, DOW Trading Ideas and discussions within the Indices forums, part of the Markets category; Trading Guide --------------------------- Dos and Don'ts RULE 1: Keep it simple. RULE 2: Keep it simple. RULE 3: Follow rule ...

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Old Mar 12, 2015, 12:14pm   #1
 
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FTSE, DAX, DOW Trading Ideas and discussions

Trading Guide
---------------------------

Dos and Don'ts

RULE 1: Keep it simple.
RULE 2: Keep it simple.
RULE 3: Follow rule 1.

In day trading you need to be efficient and effective and need to make decisions very quickly. If you make things complicated and keep you chart complex and confusing than you increase the chances of making error.

Processing few important and significant information is always better than processing too many weak and unnecessary information.

Do not look into and do not react to news and rumors, see the chart and do what chart is saying. Remember some times good news can pull market down and bad news can make market rally. So trade the chart don't let news and rumors influence your trading, trade chart and price action.

If you want to be consistent in this business and play for a long time then keep it simple. Remember, most of the successful traders in market have simple trading strategy.

--------------------------------

to be continued......

I am leaving this space blanks intentionally, would be developing a brief trading guide here to help people looking for such information.

This will also reflect major part of my trading strategy...



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Life is one big road with lots of signs. So when you riding through the ruts, don't complicate your mind. Flee from hate, mischief and jealousy. Don't bury your thoughts, put your vision to reality. Wake Up and Live!
-Bob Marley

Last edited by Jessi_trader; Mar 13, 2015 at 12:25am.
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Old Mar 12, 2015, 12:17pm   #2
 
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Jessi_trader started this thread DOW seems to be gearing up for further down side...
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Old Mar 12, 2015, 12:21pm   #3
 
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Jessi_trader started this thread DOW Short target 17605
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Old Mar 12, 2015, 12:24pm   #4
 
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Jessi_trader started this thread DOW setup chart with target indicated....
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Old Mar 12, 2015, 12:27pm   #5
 
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not a bad idea, I'm Dax only & having got the confidence to start trading properly again, today is just a simple case of selling weakness (price stalls etc) & cautiously buying dips.

3 charts, 3 timeframes 1 instrument
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Old Mar 12, 2015, 12:39pm   #6
 
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Quote:
Originally Posted by Jessi_trader View Post
DOW setup chart with target indicated....
The setup will fail if break up side obviously... but its unlikely...
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Old Mar 12, 2015, 12:42pm   #7
 
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Quote:
Originally Posted by tokyojoe View Post
not a bad idea, I'm Dax only & having got the confidence to start trading properly again, today is just a simple case of selling weakness (price stalls etc) & cautiously buying dips.

3 charts, 3 timeframes 1 instrument
IMHO, not good idea to trade DAX today and tomorrow...

The reason is after each big move.. market tends to consolidate and becomes choppy and trades in thin range... after one of two sessions market unfolds trading pattern that's where we should try to read the market and trade as next setup unfolds....
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Old Mar 12, 2015, 12:46pm   #8
 
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Jessi_trader started this thread just for note... the intension of starting a new thread is to focus on trade ideas rather than live calls... lets post trade ideas and let people decide how to trade the setup.

Also, to make a place for like minded people interested in trading related information and ready to read between the lines and make their own decision...
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