jas123456 said:Hi
I have just strated off trading the DAX futures. I used to trade the Eurostoxx 50, however am moving to trade the DAX. Any tips on the best indicators to use? How shall i start? What should i look out for?
jas123456 said:Hi.
Thankyou! However the trading i will be doing is daytrading. I will be expected to be in and out of the market. I only recently graduated, so i do not have that much knowledge in Tecnical Analysis. I have been quite successful in Eurostoxx, however am moving over to the Dax. With the E.Stoxx 50 i used to simply use M.Avgs crossovers. Is there any advise you can give me on what i could do in terms of reading or GOOD technicals to use specifically for the type of trading i have to do.
Your help would be very much appreciated.
Thank you.
The DAX is verrry volatile, I would suggest watching it for quite a while to get the feel of it first.However the trading i will be doing is daytrading. I will be expected to be in and out of the market. I only recently graduated, so i do not have that much knowledge in Tecnical Analysis.
Must confess I don't immediately see why ... but I'm very out of practice with the indices! What am I missing here?Racer said:Dax worth shorting big time now?
jas123456 said:Hi.
Thankyou! However the trading i will be doing is daytrading. I will be expected to be in and out of the market. I only recently graduated, so i do not have that much knowledge in Tecnical Analysis. I have been quite successful in Eurostoxx, however am moving over to the Dax. With the E.Stoxx 50 i used to simply use M.Avgs crossovers. Is there any advise you can give me on what i could do in terms of reading or GOOD technicals to use specifically for the type of trading i have to do.
Your help would be very much appreciated.
Thank you.
Joules MM1 said:Short DAX at 4447
Joules MM1 said:No stop. The pos is open and I would need to to see a strong impulsive move through the 4460 area before considering an exit.
The postion is small now and I need a confirmation before loading up.
A 2% opening position with a build to 5% of avail cap suits me fine right now.
Pattern development satisfies me enough for this top be a small top although clearly todays action has clouded that view regardless of the holiday bent (see US)
Not sure I go along with that. If you view indicators as some sort of magic forecaster, maybe, but used properly they can be very helpful indeed. After all they are only mathematical derivatives of price volume. As such, they can provide a view of price/volume that is not easily spotted withe naked eye so-to-speak.neil said:Note that indicators are like bandwagons - by the time you react to jump aboard it is too late because events have moved on apace without you. Thats why many traders do not use indicators.
If you understand what it is that an indicator is indicating, why are you not able to do this inside your head, in abstraction, instead of covering your chart with all these distracting lines, which in fact are lagging, not leading ? The "leading" part comes from "understanding", and not "harnessing".peterpr said:Not sure I go along with that. If you view indicators as some sort of magic forecaster, maybe, but used properly they can be very helpful indeed. After all they are only mathematical derivatives of price volume. As such, they can provide a view of price/volume that is not easily spotted withe naked eye so-to-speak.
The fundamental requirement is that you understand just exactly what it is the indicator is indicating - ie how it works. eg a MACD - 2 x moving averages, one smoothed with a histogram representing the distance between them. That provide useful info not easily gleaned from a pure price/vol chart