firewalker99
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hobby said:not on FTSE, but took a bit out of the DAX, I've added to my bad Dow short (caught top about 15mins after US open on the second short)...still running both as I have a feeling this might :arrowd: into close
If you looked at DAX before US open, you saw a complete trending day up till then... while many think the DOW is leading the DAX, I'm inclined to think vice-versa; as it is often the case that dow just continues the upmove... as it did today after a slight retracement back to finish +13000 on futures price. I hope you aren't short over the weekend!
hobby
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firewalker99 said:
I agree with you....DAX is a leading indicator for the Dow (IMHO). i put the extreme strength of the DAX early on to 'catch up' (it had fallen chunkily the day before yet the dow held a gain after DAX closed). Also the DAX trend after the 16.3hrs bowled me a Googly...it fell from circa 7342 to 73420 in short order at a time when the Dow was looking as if could finally start yielding!)
re being short...yep, alas, I still am, though if truth be told I wasn't expecting that final 25 point push in the final 10 mins ito 21.00hrs!! (until then, I wasn't feeling that uneasy - I am now!)
In the light of the extremely strong close, I'd expect 13k will now go early next week *but& then a little bit of sobriety should resurface. (it just needs one hiccup it'll be violent)
Dull Ftse
Damn straight FTSE can be dull as hell. However, it generally doesn't whipsaw all over the place and I can take my 20 point targets, keeping my blood pressure and stress levels under control. I do enjoy trading Cable and Brent Crude Futures too.
firewalker99 said:
Damn straight FTSE can be dull as hell. However, it generally doesn't whipsaw all over the place and I can take my 20 point targets, keeping my blood pressure and stress levels under control. I do enjoy trading Cable and Brent Crude Futures too.
Cast Iron Strategy
I agree with you totally. I am not so much in to the analysis, although I do like to try and apply it. Working off a 2 minute chart scalping points the bigger picture is less relevant so to speak.
My strategy is far from cast iron but I do not generate too many false signals and acheive a Good hit rate trading. The 1 point spread helps me out though.
I guess it is all down to your approach. Ziff is successful using EMA crosses. I paper traded this method and called it wrong more than 50% of the time. So whats cast iron for one man, probably isn't going to be for the next man.
Hope everyone had a good weekend, here's to making some cash tomorrow morning.
Good Luck
johnnyf said:
I agree with you totally. I am not so much in to the analysis, although I do like to try and apply it. Working off a 2 minute chart scalping points the bigger picture is less relevant so to speak.
My strategy is far from cast iron but I do not generate too many false signals and acheive a Good hit rate trading. The 1 point spread helps me out though.
I guess it is all down to your approach. Ziff is successful using EMA crosses. I paper traded this method and called it wrong more than 50% of the time. So whats cast iron for one man, probably isn't going to be for the next man.
Hope everyone had a good weekend, here's to making some cash tomorrow morning.
Good Luck
I tried long rolling FT this morning at 0935 for 6470.8. Sold at 6477.8 at 1006. Used Fins. I mention this because of the stick they seem to get. The market came back very quickly, now it is 6468.8, and Fins could have messed about with the fill. However, it was very fast and no complaints.
Split
Split
Splitlink said:
I have a Finspreads account never used it though. I prefer Capital mainly because I get a 1 point spread on FTSE cash with them. Makes for more profit for me. Plus the margin requirements at Capital are pretty damn good too.
I never used to look at the FTSE. I used to think it was too slow. However, since the 1 point spread came in I figured I would try it. I haven't looked back.
Made a few trades today and am in profit. I managed to make 6 trades without a single loser ! Phew..
Good Luck for tomorrow guys....
ceydababy said:
One point is good. I live abroad, which is one reason for not changing. Can't be bothered with the aggro. As long as they don't screw me I shall stay with them. I'm sticking my toe into index trading after several months absence , when I swore I'd never touch them again :-0. Only morning trading as I work after 1330..
Good trading
Split
demontaz
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I am scalping the 2min chart, with a 7 / 20 EMA with MACD confirmation.
Really basic but I generally look for 10 pips here and there.
Just moved my SL to BE so its a free trade anyways now
The above TA is something that I am experimenting with, so there are bound to be losing as well as winners, just need to see how good / bad it is.
Thanks
Really basic but I generally look for 10 pips here and there.
Just moved my SL to BE so its a free trade anyways now
The above TA is something that I am experimenting with, so there are bound to be losing as well as winners, just need to see how good / bad it is.
Thanks
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