FTSE, DAX, DOW Trading Ideas and discussions

Jessi_trader

Well-known member
Jul 22, 2010
4,110
172
73
#1
Trading Guide
---------------------------

Dos and Don'ts

RULE 1: Keep it simple.
RULE 2: Keep it simple.
RULE 3: Follow rule 1.

In day trading you need to be efficient and effective and need to make decisions very quickly. If you make things complicated and keep you chart complex and confusing than you increase the chances of making error.

Processing few important and significant information is always better than processing too many weak and unnecessary information.

Do not look into and do not react to news and rumors, see the chart and do what chart is saying. Remember some times good news can pull market down and bad news can make market rally. So trade the chart don't let news and rumors influence your trading, trade chart and price action.

If you want to be consistent in this business and play for a long time then keep it simple. Remember, most of the successful traders in market have simple trading strategy.

--------------------------------

to be continued......

I am leaving this space blanks intentionally, would be developing a brief trading guide here to help people looking for such information.

This will also reflect major part of my trading strategy...



-----------------------------------------------------
Life is one big road with lots of signs. So when you riding through the ruts, don't complicate your mind. Flee from hate, mischief and jealousy. Don't bury your thoughts, put your vision to reality. Wake Up and Live!
-Bob Marley
 
Last edited:

tokyojoe

Well-known member
May 4, 2011
862
285
73
#5
not a bad idea, I'm Dax only & having got the confidence to start trading properly again, today is just a simple case of selling weakness (price stalls etc) & cautiously buying dips.

3 charts, 3 timeframes 1 instrument
 
Likes: Sonicscooter

Jessi_trader

Well-known member
Jul 22, 2010
4,110
172
73
#7
not a bad idea, I'm Dax only & having got the confidence to start trading properly again, today is just a simple case of selling weakness (price stalls etc) & cautiously buying dips.

3 charts, 3 timeframes 1 instrument
IMHO, not good idea to trade DAX today and tomorrow...

The reason is after each big move.. market tends to consolidate and becomes choppy and trades in thin range... after one of two sessions market unfolds trading pattern that's where we should try to read the market and trade as next setup unfolds....
 

Jessi_trader

Well-known member
Jul 22, 2010
4,110
172
73
#8
just for note... the intension of starting a new thread is to focus on trade ideas rather than live calls... lets post trade ideas and let people decide how to trade the setup.

Also, to make a place for like minded people interested in trading related information and ready to read between the lines and make their own decision...
 

Jessi_trader

Well-known member
Jul 22, 2010
4,110
172
73
#10
I would also be posting live call as and when possible....
 

Jessi_trader

Well-known member
Jul 22, 2010
4,110
172
73
#12
IMHO, not good idea to trade DAX today and tomorrow...

The reason is after each big move.. market tends to consolidate and becomes choppy and trades in thin range... after one of two sessions market unfolds trading pattern that's where we should try to read the market and trade as next setup unfolds....
Meat has been eaten and bones are left... wait for new meat now ...:LOL:
 
Likes: tokyojoe

tokyojoe

Well-known member
May 4, 2011
862
285
73
#13
IMHO, not good idea to trade DAX today and tomorrow...

The reason is after each big move.. market tends to consolidate and becomes choppy and trades in thin range... after one of two sessions market unfolds trading pattern that's where we should try to read the market and trade as next setup unfolds....
Agreed, but I've taken 3 nice profit trades today, as sometimes even after the large move day the Dax tends to present 40 points here, 30 points there opportunities, I'm done only always waiting for the larger moves, It was making me too Hesitant

But yes defo agree much caution needed on days after a blast
 
Likes: Jessi_trader