DAX and DOW thread

This is a discussion on DAX and DOW thread within the Indices forums, part of the Markets category; Hi traders, I thought id get a little thread going for this specific instrument. Hopefully I can share calls using ...

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Old Jul 25, 2016, 4:04pm   #1
Joined Jun 2006
DAX and DOW thread

Hi traders,

I thought id get a little thread going for this specific instrument.

Hopefully I can share calls using no indicators other than supply and demand zones with 'trend' in mind.

Previously missed
Long from 9920 (last week) and
Long from 10120 today (25/07/2016).

I will sit on the sideline for now and wait for 10120
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Old Jul 27, 2016, 1:05pm   #2
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10pips started this thread "Previously missed
Long from 9920 (last week) and
Long from 10120 today (25/07/2016)."


First target met for these trades @ 10340. Profit: 420pips risked 50pips.

FTSE100 returned back to BREXIT levels followed by DOW and now DAX - DAX yet to revisit its all time high like DOW - Is there enough in the tank? or we plummet based on fundamental?

Will look at next trade soon - Potentially another long from 10340 with targets 10485 but will be next week maybe.
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Old Jul 28, 2016, 10:05am   #3
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10pips started this thread Peaked 10387 this morning so far but second target @ 10485 for this current momentum.

No shorter around if you look at weekly/monthly candle and last 2 days of trading left for July too.

Keep buying the DIP supports zones IMO
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Old Aug 2, 2016, 4:41pm   #4
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10pips started this thread Peaked 10387 this morning so far but second target @ 10485 for this current momentum.

New week....DAX almost hit second target 10485....peaking at 10473 before dumping and now currently trading 10140....that is a wooping 330+ drop. I had a sell order from 10485 so I missed the ship - Second sell order @ 10344...peaking at 10338 this morning - Missed that one too!

On sideline for now not forgetting it is the NPF week.
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Old Aug 5, 2016, 9:55am   #5
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10pips started this thread Was stopped out by 2pips - Was long 10110. Stoploss 10994, lowest 10992...now trading 10250+

Target for this trade was monthly open @ 10400+

10980 to 10110 is a support zone on weekly timeframe - Buy the dip IMO but keep the stop losses tight....its all about risk reward in this game....risk reward with immense patience if you only trade a single market.
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Old Aug 8, 2016, 12:53pm   #6
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10pips started this thread If DAX finds support @ 10485 zone on 4hourly+ timeframes.....be warned that it will rally like a real storm by another 400-700pips.

May have to observe this one closely today/tomorrow and see if I can get on the train early.
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Old Aug 8, 2016, 12:58pm   #7
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10pips started this thread
Quote:
Originally Posted by 10pips View Post
Was stopped out by 2pips - Was long 10110. Stoploss 10994, lowest 10992...now trading 10250+

Target for this trade was monthly open @ 10400+

10980 to 10110 is a support zone on weekly timeframe - Buy the dip IMO but keep the stop losses tight....its all about risk reward in this game....risk reward with immense patience if you only trade a single market.
If I didn't get stopped out....would have been 340pips+ with risk of 20pips - Instead I selfishly used 16pip stop loss!
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Old Aug 9, 2016, 11:28am   #8
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10pips started this thread Taken a short trade with lower than usual stake size....Entry 10484 and stop loss 25pips+

Targeting 10340s
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