Recent content by Van88Guy

Scalping Rossini, You scalp 6E, whereas I like to scalp the lesser known CME FX pairs such as Canadian (6C), Cable (6B) and Swissy (6S.) So we are scalping in the same general market. Can I ask you what technicals you are using, or are you using momentum? For my part, I am getting my...

DMFXTrader, It is not unusual for banks to ask for business plans. On the one hand they want to be certain that you are a serious person. On the other hand they want to make certain that you aren't laundering money. I think you have to do a one-three page summary, showing the markets and...

Thanks, nKruger, I'm going to check this out. Van88Guy

The Volatile IBEX - A Simple Strategy nkruger, I like the simple strategy for trading the IBEX. But what is the value of the first alert, when the 8 EMA crosses the 10 EMA? Why not just look to the stochastic after the short term EMA crosses the 50 EMA? Or, is there some magic in the first...

I think the author could have discussed backtesting methodologies, the importance of using lagging, coincident, and leading indicators. Moreover, I think he should have talked about using different timeframes to validate trends and signals. It's nice to hear that we should 'trade our money and...

I read 'Demons On our Shoulders.' I suppose it is good to highlight the pitfalls of trading, because many people think trading is an easy road to riches. Trading is tough, but it isn't Mission Impossible: I trade financial futures, mostly ESTOXX50 and BUNDS. While I only do this part...

Daily DAX Do you trade the SMI, too? Most of my trading is with Bobl, Bunds, and Estoxx50. I've been thinking about adding SMI to the repertoire. SMI seems to follow the DAX more closely than the Estoxx50. Any thoughts? Van88Guy

TommyT, Speaking of cheeky fills, I notice that Dax usually moves a fair amount in the first 30 minutes of trading. This is the movement generated by all the geniuses that read the papers, and want to profit from the trend, established by yesterday's moves. Of course, it is tougher to figure...

As I Canadian living outside Canada, and as I trader, I have been watching the CAD closely over the past year. Technically it should break downwards because it is overprices. But, there is a market perception that CAD is a commodity currency (even though Canada's largest export is the...

Dax Jiggly, Thanks for the insight on the DAX. I think I will forward-trade the system for a bit, perhaps adding an oscillator to fine tune the entry points. Regards, Van88Guy

To DAX or not to Dax, That is the question. Jiggy, I'm trading Estoxx50 and Bobls, however, I'm tempted by the DAX because the potential payoff looks bigger. In that regard I just did a 3 month backtest on the DAX using: i) a 13 day EMA; ii) 13 hour EMA, and then iii) I looked at the slope...

S&P 500 and ESTOXX50 I looked at the correlation of the closing S&P500 and the Estoxx50 mid-price of the following day. For the 52 trading days up to November (and I know that isn't a big enough sample), the correlation was 87%. That means the average Estoxx price today follows the S&P quite...

Estoxx 50 Raw Data DAX, I think the European trading is directed by the American closing prices, but I'm not sure how strong this relationship actually is. Therefore, I'm putting together a correlative study between the ESTOXX 50 daily prices and the closing price of the S&P 500 for the...

The USD 400 mio loan to an officer of the company was not properly disclosed. Therefore Refco's financial statements were erronious for the past few years. Unfortunately, repayment of the loan doesn't turn back time. It is kind of like a bank teller 'borrowing' money from the till, and then...

Radfaraf, I use REFCO. The platform is called REFCO8. Most trades cost USD 10/side, but they only do futures. REFCO is good on execution, but their free batch of tools(indicators and so forth) are inadequate. So, I have a separate account with e-signal to follow the markets, and find to...