Anyone Daytrading The DAX Cash?

[DAXTechnician]

Greetings

Looking for fellow DAX traders to interact with during the day while trading the DAX. Sharing trade ideas and market opinions would help break the boredom in-between trades and waiting periods.

 

[postman]

Greetings

Looking for fellow DAX traders to interact with during the day while trading the DAX. Sharing trade ideas and market opinions would help break the boredom in-between trades and waiting periods.

There's a bunch of weirdo's (well one anyway) who trade the Dax cash daily on the FTSE thread (told you they were weird).

http://www.trade2win.com/boards/indices/120172-anyone-scalping-ftse-futures.html

Come and join in, or maybe you can coax the serious people onto this thread.

 

[DAXTechnician]

My DAX View Today...

Resistance - 9639, 9660, 9687/95, 9731, 9769, 9793

Support - 9602, 9590, 9542, 9500, 9462, 9397, 9328

Looks like a gap up will be likely for the open today. Could possibly see a small continuation towards the 9640/60 resistance before a correction down towards 9542 and maybe 9500.

Expecting sideways action today

 

[postman]

Here one I drew earlier. (last night).
After the recent move up I think it needs to pause before breaking this resistance.

 

[Splitlink]

Here one I drew earlier. (last night).
After the recent move up I think it needs to pause before breaking this resistance.

Because of your good trades on the dax, I've swiped your trendline

I am watching the 24 sma on 30 m. it is close right now. In fact, I decided to enter at 9616.8, now.

 

[DAXTechnician]

Here one I drew earlier. (last night).
After the recent move up I think it needs to pause before breaking this resistance.

Same trend line as I have.

 

[Splitlink]

Firstly, I use anything that looks promising to open a trade. Perhaps, I should be stricter with my planning but, at my age, am unlikely to change. I keep an eye on the Cornflower system of averages, 8,12,24, using the 1HTF, for direction. At present, they are all in line and rising. Cornflower is on ff and used for forex, but I use it on indices, anyway. I, also, watch 3 ducks for direction.

I, also, shamlessly, copy other posters.

 

[Splitlink]

sorry, I entered, on post 5, 0n the 12, not the 24 av.

 

[postman]

I, also, shamlessly, copy other posters.

 

[be-positive]

Daxtech ---- try a bribe of a small cream bun (lol) and captain

dino might show his talents on dax

 

[DAXTechnician]

Firstly, I use anything that looks promising to open a trade. Perhaps, I should be stricter with my planning but, at my age, am unlikely to change. I keep an eye on the Cornflower system of averages, 8,12,24, using the 1HTF, for direction. At present, they are all in line and rising. Cornflower is on ff and used for forex, but I use it on indices, anyway. I, also, watch 3 ducks for direction.

I, also, shamlessly, copy other posters.

Intraday I use the 15 minute, 5 minute and 168 tick chart. I have the 21ema and 55ema on all 3 charts and CCI (10). If the 15m is trending well with the 21/55ema's in order for direction, then I wait for pullbacks to support or resistance depending on which way the trend is.

Also pullbacks to the 168 tick chart 21/55 offers good opportunities to join the intraday trend. But if price starts to close below the 168 tick chart 55ema, then I start watching for pullbacks to the 5 minute 21/55 for possible bounces to join the trend. Same again here, if price starts closing below the 5 minute 55ema, then I wait for pullbacks to the 15 minute 21/55ema's to join the trend.

Works very well for me and I only ever trade with the 15 minute trend unless price is at a major support or resistance point and I have bullish/bearish divergence to suggest a counter trend. Even then I tend to wait for the 168 tick chart to line up and trade pullbacks for counter-trend.

For trend reversals, I need to see price start to trade below the 15 minute 55ema and also breaking or has broke below one of my support or above resistance levels (preferably also the 21 crossing below the 55ema on the 15 minute...but not necessary in early stages), if I see that happen,then I turn back to the 5 minute and/or 168 tick chart and start to trade pullbacks to their 21/55ema's that hold and reject in the new direction.

I should add that if the 15 minute ema's are chopping, then that obviously indicates to me that its a consolidation, so I then just trade the support/resistance levels in a range trade fashion without the use of the ema's.

 

[Splitlink]

Intraday I use the 15 minute, 5 minute and 168 tick chart. I have the 21ema and 55ema on all 3 charts and CCI (10). If the 15m is trending well with the 21/55ema's in order for direction, then I wait for pullbacks to support or resistance depending on which way the trend is.

Also pullbacks to the 168 tick chart 21/55 offers good opportunities to join the intraday trend. But if price starts to close below the 168 tick chart 55ema, then I start watching for pullbacks to the 5 minute 21/55 for possible bounces to join the trend. Same again here, if price starts closing below the 5 minute 55ema, then I wait for pullbacks to the 15 minute 21/55ema's to join the trend.

Works very well for me and I only ever trade with the 15 minute trend unless price is at a major support or resistance point and I have bullish/bearish divergence to suggest a counter trend. Even then I tend to wait for the 168 tick chart to line up and trade pullbacks for counter-trend.

For trend reversals, I need to see price start to trade below the 15 minute 55ema and also breaking or has broke below one of my support or above resistance levels (preferably also the 21 crossing below the 55ema on the 15 minute...but not necessary in early stages), if I see that happen,then I turn back to the 5 minute and/or 168 tick chart and start to trade pullbacks to their 21/55ema's that hold and reject in the new direction.

I should add that if the 15 minute ema's are chopping, then that obviously indicates to me that its a consolidation, so I then just trade the support/resistance levels in a range trade fashion without the use of the ema's.

Thanks, I'll read that more carefully later. Have to go out. I should, also, have taken more notice of the 9600, round figure level. I saw it when it was too late and decided to cut the trade for -17.

 

[Splitlink]

Daxtech ---- try a bribe of a small cream bun (lol) and captain

dino might show his talents on dax

I might put a raspberry on top, if you are nice!

 

[DAXTechnician]

Resistance - 9639, 9660, 9687/95, 9731, 9769, 9793

Support - 9602, 9590, 9542, 9500, 9462, 9397, 9328

Looks like a gap up will be likely for the open today. Could possibly see a small continuation towards the 9640/60 resistance before a correction down towards 9542 and maybe 9500.

Expecting sideways action today

Slow day...did expect sideways action today. XDAX currently testing the 9590/602 support which offered me a little long trade off the 5 minute 55ema. Probably books some just now and see if the rest can make it to the 9640/60 resistance. Otherwise below 9590 opens up 9542 and maybe 9500.

 

[DAXTechnician]

Slow day...did expect sideways action today. XDAX currently testing the 9590/602 support which offered me a little long trade off the 5 minute 55ema. Probably books some just now and see if the rest can make it to the 9640/60 resistance. Otherwise below 9590 opens up 9542 and maybe 9500.

Got the shove below 9590 and a pullback to the 168 tick chart 55ema for a SHORT set-up...targeting 9542, but will start to scale out before then.

 

[DAXTechnician]

Got the shove below 9590 and a pullback to the 168 tick chart 55ema for a SHORT set-up...targeting 9542, but will start to scale out before then.

Now that 9590 gave way and the 168 tick chart is in downtrend mode...its going to be key to see if the recent 5 minute 21/55ema cross-over starts to hold pullbacks and the 9590/602 previous support is resistance?

 

[be-positive]

Daxtech ----- congratulations on starting a very clear and no bulls-it thread , (IMHO rated thread):

 

[DAXTechnician]

Resistance - 9639, 9660, 9687/95, 9731, 9769, 9793

Support - 9602, 9590, 9542, 9500, 9462, 9397, 9328

Looks like a gap up will be likely for the open today. Could possibly see a small continuation towards the 9640/60 resistance before a correction down towards 9542 and maybe 9500.

Expecting sideways action today

Sideways action it was!

 

[DAXTechnician]

Resistance - 9639, 9660, 9687/95, 9731, 9769, 9793

Support - 9602, 9590, 9542, 9500, 9462, 9397, 9328

Looks like a gap up will be likely for the open today. Could possibly see a small continuation towards the 9640/60 resistance before a correction down towards 9542 and maybe 9500.

Expecting sideways action today

I should have shorted DAX up next to the 9640 resistance today and just held it for the 9542 support as per my post this morning. 9542 has just been hit. Very possible that 9500 is next.

 

[Splitlink]

I should have shorted DAX up next to the 9640 resistance today and just held it for the 9542 support as per my post this morning. 9542 has just been hit. Very possible that 9500 is next.

I tried to make back some of this morning's loss but without success, ending flat on the second tradeI Good job that I closed when I did! That's me done for today.

I'm goimg to read your post, properly, now-