DAX and DOW thread

This is a discussion on DAX and DOW thread within the Indices forums, part of the Markets category; Originally Posted by 10pips With 18pip stop loss, DAX went onto gaining further 210pips which is 1:11 risk reward. There ...

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Old Sep 23, 2016, 9:47pm   #31
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Originally Posted by 10pips View Post
With 18pip stop loss, DAX went onto gaining further 210pips which is 1:11 risk reward.

There was a supply zone @ 10704 which DAX rejected on Thursday, but stop loss would have been 100pips+ (which indicates that there is a bigger down-move waiting.....)

Next week, I will attempt short 10687 with 22pip stop loss
Thanks very much 10pips. Do you spread bet the Dax?
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Old Sep 23, 2016, 9:48pm   #32
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Thanks very much 10pips. Do you spread bet the Dax?
And which broker do you use please?
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Old Sep 23, 2016, 9:51pm   #33
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10pips started this thread IG (UK broker) and yes spread bet DAX
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Old Sep 23, 2016, 10:29pm   #34
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IG (UK broker) and yes spread bet DAX
That's excellent. I have been using IG Index for many years. Excellent broker. Do you use the Daily Funded Bets please?
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Old Sep 24, 2016, 10:52pm   #35
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10pips started this thread 2 likely trades

Sell @ 10687 (22pip SL) - Target 10300s

Buy @ 10521 (16pip SL) - Target 10700 & 10770s

Last edited by 10pips; Sep 25, 2016 at 11:51am.
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Old Sep 26, 2016, 9:52am   #36
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10pips started this thread
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Originally Posted by 10pips View Post
2 likely trades

Sell @ 10687 (22pip SL) - Target 10300s

Buy @ 10521 (16pip SL) - Target 10700 & 10770s

-18 but she has fallen from 10704 trading at 10480s..

Would have been lovely if the 'sell' trade triggered

Rehan, 10666 - any reason why you felt this was a short area?
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Old Sep 26, 2016, 10:00am   #37
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-18 but she has fallen from 10704 trading at 10480s..

Would have been lovely if the 'sell' trade triggered

Rehan, 10666 - any reason why you felt this was a short area?
Thanks very much for that 10pips. Will definitely keep an eye on the above levels. For the 10666, I was actually looking at a potential downward move on the Dow and taking the Dax down with it.
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Old Sep 27, 2016, 4:00pm   #38
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10pips started this thread Falling from 10700 to now trading @ 10300.

Quite a lot of whipsaw prior US pres. election - as much as I'd like DAX to fall further; there is always that element of it bouncing from here and monthly candle finishing as DOJI to illustrate uncertainty.

For now I'll be looking for supply zones with tight stop losses albeit missing one early this week waiting for 10687, but index peaking only around 10620s.
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Old Sep 27, 2016, 6:54pm   #39
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10pips started this thread Placed a sell order @ 10448 with 18pip SL with open target at bearish weekly candle close.

I noticed it bounced of previous demand zone starting from 10293 (which I failed to place on my chart) 45pip risk would now be in profit of 100pips and targeting 14450 - but considering am bearish overall based on monthly candle - I wouldn't have taken this nonetheless.
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Old Sep 28, 2016, 9:38am   #40
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10pips started this thread -18pips. and she's now trading at @ 10500+

Supply zone @ 10687 still in play and will see how today's daily candle closes.

On the flipside, the demand zone @ 10297 with 45pip risk would have come good, targeting @ 10450; That is 1:3 risk reward. (153pips profit).
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Old Sep 29, 2016, 10:23am   #41
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10pips started this thread Currently trading @ 10530s.

Long order @ 10521 with 14pip SL (Low confidence trade) - Targeting tomorrow's close or still have short Order @ 10687 so may potentially close it there
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Old Sep 29, 2016, 10:32am   #42
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10pips started this thread -17pips.

Will now be on the sideline until next week.

3 trades, -18, -18 and now -17pips.
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Old Sep 29, 2016, 6:04pm   #43
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10pips started this thread DAX flushed and now trading @ 10300s. A good example why discipline and tight stop losses are crucial when day trading.
Having these 3 losers is expected....which are small and can be recouped in one single winning trade and some more....

Trading, is a life long marathon and patience is key.

DAX now being at previous demand zone @ 10297 will be interesting to see what happens tomorrow.
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Old Sep 29, 2016, 7:21pm   #44
 
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Looks quite relevant right now
http://youknowyouaretrading.tumblr.c...top-loss-price
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Thanks! The following members like this post: 10pips , tokyojoe
Old Sep 29, 2016, 10:48pm   #45
 
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Brilliant !!
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