Wallstreet1928 Analysis & live calls on FTSE,DAX,S&P...aimed to help New traders

[wallstreet1928]

I have gone long on DOW instead with a risky trade before the data

I have gone long DOW 8690 ........stop loss 8660 !!

only 1 contract

 

[carlos b]

DAx is US version of DOW ..............hence the reason why I trade it very rarely

US ws?

you mean German? :rambo:

 

[SuddenDeath]

7 mins to US jobless data

 

[wallstreet1928]

US ws?

you mean German? :rambo:

Blonde moment

yes I have adjusted accordingly ....haha!!

 

[lapalabra]

7 mins to US jobless data

Are you carrying out your experiment on the Dax, SD? Whats the distance either side of your buys/sell orders?

 

[SuddenDeath]

dax daily cash , it put me long at 5082 stp at break even

 

[carlos b]

woahh that news good SD??

good call ws.

 

[lapalabra]

dax daily cash , it put me long at 5082 stp at break even

Nice one SD - What is the point difference either side of current price that you place the buy/sell order prior to news release?

I really like this play.

 

[SuddenDeath]

@ lapalabra I put orders in at +10 and -10, but so i had buy sell at 5080/60 each with 10pt stop
i decide level about 30 second before 1.30pm

 

[SuddenDeath]

A brainwave has hit me, why not go long and short before release and then don't have to worry about executed price being away from order level.

 

[lapalabra]

@ lapalabra I put orders in at +10 and -10, but so i had buy sell at 5080/60 each with 10pt stop
i decide level about 30 second before 1.30pm

Cheers SD

 

[carlos b]

A brainwave has hit me, why not go long and short before release and then don't have to worry about executed price being away from order level.

wouldnt that mean what you gain on one side is nulled byt the other?..unless you manually traded out pronto?

 

[lapalabra]

A brainwave has hit me, why not go long and short before release and then don't have to worry about executed price being away from order level.

You mean open a buy and sell order simultaneously on your SB account then cancel one after the direction is clear - each order cancelling each other?

I can't do that on IG unfortunately, one cancels the other when you open it - can you do that on your platform?

 

[SuddenDeath]

It would be the same as leaving a 10pt space either side.

wouldnt that mean what you gain on one side is nulled byt the other?..unless you manually traded out pronto?

I would be long/short after +10/-10 pts, but i wouldn't suffer bad fill

I have IG account and I have had buy/sell opened simultaneously.

 

[carlos b]

You mean open a buy and sell order simultaneously on your SB account then cancel one after the direction is clear - each order cancelling each other?

i think some SB firms will allow you to open duplicate accounts..

 

[carlos b]

I would be long/short after +10/-10 pts, but i wouldn't suffer bad fill

cool

 

[lapalabra]

I would be long/short after +10/-10 pts, but i wouldn't suffer bad fill

So basically just trading normally once you see a directional move +/- 10 points of the price

 

[SuddenDeath]

I suppose I can do this type of trades on single stocks, how do I find out which big company's are making announcements during market hours ?? do currencies display the same sharp moves after some news release

 

[SuddenDeath]

I suppose by trying to escape bad fill I am crossing the spread twice....

So basically just trading normally once you see a directional move +/- 10 points of the price

..this may not be such a good idea after all.

 

[lapalabra]

I suppose I can do this type of trades on single stocks, how do I find out which big company's are making announcements during market hours ?? do currencies display the same sharp moves after some news release

As for currencies I'm experimenting with cable after NFP reports.

Tricky though - you can catch the direction but then suffer a massive pullback before the trend resumes that takes out the stop, or it turns out to be a reversal.

I'm coming to the opinion that after key announcements in this case is to let it shake out and get in when the direction becomes clear on a second pullback with a higher low- usually 10/20minutes afterwards. Safer and the trend is surer.

Still studying it, no hard opinions on it yet