foale said:taken 62 points out of the Dax this am in 4 trades..
2 longs +19 and +17
2 short s +10 and +16
Just closed the last two shorts at 4895
as not sure of direction
and need some toast
62 points @ €25 per point - thats a lot of frankfurters.
Good trading.
Hi JonnyT
I am a really simplistic trader..
time frame for 10 mins to 2 days
Just like to spot a trend...short and long ones and hop on
Getting to understand the Dax and how its trades
and its interaction with the us markets etc.
As I have said I use the CCI indicator to try to ensure I am
not on the wrong side of a trend
I look at time frames from 5 mins to 4 hours...
and have lines plotted on each..
simple support and resistance
previous highs lows etc
I watch for break outs...
I trade though CMC at the moment
and have found their graphics software recently upgraded very intuitive
hope that helps
David
I am a really simplistic trader..
time frame for 10 mins to 2 days
Just like to spot a trend...short and long ones and hop on
Getting to understand the Dax and how its trades
and its interaction with the us markets etc.
As I have said I use the CCI indicator to try to ensure I am
not on the wrong side of a trend
I look at time frames from 5 mins to 4 hours...
and have lines plotted on each..
simple support and resistance
previous highs lows etc
I watch for break outs...
I trade though CMC at the moment
and have found their graphics software recently upgraded very intuitive
hope that helps
David
hi ...
you will never got me talking about trade size on this board.
there is no point in it
I wil always talk in points taken..
or given back :-(
62 points even at £1pp is still good in my book
I am aiming to take a few points out each day...thats all really
consistancy me goal..
Although I do add to positions once in my favour at least once especially if the trend is a strong one
David
you will never got me talking about trade size on this board.
there is no point in it
I wil always talk in points taken..
or given back :-(
62 points even at £1pp is still good in my book
I am aiming to take a few points out each day...thats all really
consistancy me goal..
Although I do add to positions once in my favour at least once especially if the trend is a strong one
David
squaregains
Junior member
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foale - what was your view on the TRADERS article from the perspective of A DAX trader?
Sorry, I thouught you were using direct access to trade Dax futures and not spreadbetting., and yes I agree, points make prizes.foale said:hi ...
you will never got me talking about trade size on this board.
there is no point in it
I wil always talk in points taken..
or given back :-(
62 points even at £1pp is still good in my book
I am aiming to take a few points out each day...thats all really
consistancy me goal..
Although I do add to positions once in my favour at least once especially if the trend is a strong one
David
Well interesting but it looks at a long ertime frame to me.
I do set my 4 hour CCI trigger lines to +190 and -190 though
so tailoring it more for my shorter time horizon
I am also less mechanical
it says cut 50% when you get to the mid point ...
this is not always possible that it will move that far say in 2 hours
In the main though it does show that improtance of this indicator in trading the dax
I do set my 4 hour CCI trigger lines to +190 and -190 though
so tailoring it more for my shorter time horizon
I am also less mechanical
it says cut 50% when you get to the mid point ...
this is not always possible that it will move that far say in 2 hours
In the main though it does show that improtance of this indicator in trading the dax
still long...got caught out on the drop stayed with it...
given my time frame should have been stopped out...
so not credit to me that I am back to a small loss position...
Stops in now..
But I do feel a strong finish possible
Especially after the recovery from that drop earlier..
given my time frame should have been stopped out...
so not credit to me that I am back to a small loss position...
Stops in now..
But I do feel a strong finish possible
Especially after the recovery from that drop earlier..
Joules MM1
very intersting your post
infact I have noticed that the Dax is seeming to have a mind of its own
I also note the daily dax downtrend since early October..
and that the last 2 days have been inside days
Pendulum could swing either way...
I plan to wait and see the break first
Interesting point made regarding Fib levels
Lets see what tomorrow brings
David
very intersting your post
infact I have noticed that the Dax is seeming to have a mind of its own
I also note the daily dax downtrend since early October..
and that the last 2 days have been inside days
Pendulum could swing either way...
I plan to wait and see the break first
Interesting point made regarding Fib levels
Lets see what tomorrow brings
David
jiggly
Well-known member
- Messages
- 478
- Likes
- 64
i trade the dax as well as forex, you say the dax likes to trend,
well coming from FX i think it doesnt trend nearly half as well, sure it is probably the best index to trade but it is full of gaps wipsaws and dojis (on higher time frames and especially between 11:00 and 14:00), oh and not to mention whether opening gaps will close or not, this throws off any indicator you may be using and using an indicator for an entry is extremely dangerous unless you have quite wide stops or place an order behind the market to take advantage of its volatility.
I have found that strategies and patterns which work well for FX dont materialise too often for the dax, i have to completely trade it naked indicators are useless for me here.
this is a kamikazi market, if your on the right side of it you can make fantastic money, but even if your trade was correct in direction you still face quite a high probability of being stopped out, if your entry is not precise, by precise im talking about within 3 ticks anymore ( my personal risk allocation on any trade) then i run the risk of losing my daily allowance very quickly.
all in, this market is excellent for taking big profits in a quick time period and given that im trading in euros, beats $ lots on FX.
i'm interested to here about others opinions and perceptions on the dax and what works for them.
kind regards and happy trading
well coming from FX i think it doesnt trend nearly half as well, sure it is probably the best index to trade but it is full of gaps wipsaws and dojis (on higher time frames and especially between 11:00 and 14:00), oh and not to mention whether opening gaps will close or not, this throws off any indicator you may be using and using an indicator for an entry is extremely dangerous unless you have quite wide stops or place an order behind the market to take advantage of its volatility.
I have found that strategies and patterns which work well for FX dont materialise too often for the dax, i have to completely trade it naked indicators are useless for me here.
this is a kamikazi market, if your on the right side of it you can make fantastic money, but even if your trade was correct in direction you still face quite a high probability of being stopped out, if your entry is not precise, by precise im talking about within 3 ticks anymore ( my personal risk allocation on any trade) then i run the risk of losing my daily allowance very quickly.
all in, this market is excellent for taking big profits in a quick time period and given that im trading in euros, beats $ lots on FX.
i'm interested to here about others opinions and perceptions on the dax and what works for them.
kind regards and happy trading
Have to agree with you there...
Nothing trends as well as FX when it gets going
I have tried FX but it just does not suit me...
I am coming from the stocks and index side so for me it trends better than the FTSE
and in many cases the US markets too...
agree about the Dojis etc though
perhaps FX just too fluid for me..
Dax trading feels about right at the moment
Nothing trends as well as FX when it gets going
I have tried FX but it just does not suit me...
I am coming from the stocks and index side so for me it trends better than the FTSE
and in many cases the US markets too...
agree about the Dojis etc though
perhaps FX just too fluid for me..
Dax trading feels about right at the moment
