nkruger
Established member
- Messages
- 855
- Likes
- 76
Thank you for that Dinos. What a laugh !! I've just looked at a 5min IBEX chart - amazing. My DJ trading strat seems to work ok on IBEX(after a BRIEF glance) think I'll dummy trade it for week or two, looks FUN...... Is IBEX spanish ? Only a guess - I've been in the back of Mercedes taxi in Barcelona and that was quite volatile.
NK
Jbat001
Active member
- Messages
- 197
- Likes
- 5
Spot on. I'd even go so far as to say that the DAX presents more opportunities than the DOW for profiteering. Yes, it is volatile on a short term basis, but look at a daily chart for the last couple of years, and what do you see? It's actually a fair bit more predictable on the longer term for swing-trading spreadbetters like me. Only discovered it myself in January, and absolutely loving it since.
Lol about the taxi
I've closed out my short now and gone long again - time to see if the market is in agreement or if it has other ideas!
nkruger
Established member
- Messages
- 855
- Likes
- 76
Rather than hijack this most interesting of threads, I'm off to start one on the Ibex, to see if anyone else trades it.......
NK
Jbat001
Active member
- Messages
- 197
- Likes
- 5
And just when I thought the DAX had had enough of the volatility of the last few weeks, we're back to this madness again...up 90 points on the day and rising.
I'm delighted from a pure profit point of view, but most uneasy in terms of where we're headed
EDIT 12/06/07 - Spoke too soon! DAX is down again 100 points on the day...this index is toooooooo volatile by far.
I'm delighted from a pure profit point of view, but most uneasy in terms of where we're headed
EDIT 12/06/07 - Spoke too soon! DAX is down again 100 points on the day...this index is toooooooo volatile by far.
Last edited:
nkruger
Established member
- Messages
- 855
- Likes
- 76
Check Ibex Jbat !!
Jbat001
Active member
- Messages
- 197
- Likes
- 5
See what you mean....sheesh.....it's all I can do to try and keep one step ahead of the DAX, nevermind IBEX - that's a beast!
nkruger
Established member
- Messages
- 855
- Likes
- 76
Jbat, have a look at one of my other threads, http://www.trade2win.com/boards/showthread.php?t=25277 it shows a stategy for the IBEX that seems to work quite well.....
Jbat001
Active member
- Messages
- 197
- Likes
- 5
Thanks nkruger, will take a good look shortly...
Looking at the daily chart on DAX, things looking interesting. All we need is a sustained break below 7500, and all hell will break loose. We're not overvalued on fundamentals, but did anyone else see the report from JP Morgan saying that 'their models' predicted a 14% 'correction' within the next 6 months? I'd rather the pension funds didn't take another huge kicking, and drive even more people into buying fecking BTL property!
firewalker99
Legendary member
- Messages
- 6,655
- Likes
- 612
I don't do overnights, but I bet most of you guys are short now from overnight?
I took a short on dax this morning from 8110, had to wait some time to see it move, but then it bagged and I took 30 out of it. Stupid me, it's already 60 points lower now
Not much clear support beneath this level... so any views people?
I took a short on dax this morning from 8110, had to wait some time to see it move, but then it bagged and I took 30 out of it. Stupid me, it's already 60 points lower now
Not much clear support beneath this level... so any views people?
I don't do overnights, but I bet most of you guys are short now from overnight?
I took a short on dax this morning from 8110, had to wait some time to see it move, but then it bagged and I took 30 out of it. Stupid me, it's already 60 points lower now
Not much clear support beneath this level... so any views people?
The Friday up bar we're in now is the one I mentioned the other day with massive volume...the low was 7860 on cash that day...It's gonna take some big force down to bust that....all we need to go lower would be a daily close below 7860 which would set up target of 7650 ish...on the other hand if we go below 7860 and then close back above it inside the Friday range that would be a bullish set up for me......
As ever much depends on the Yanks.....
firewalker99
Legendary member
- Messages
- 6,655
- Likes
- 612
thanks for those insights
those are definitely targets out of my league... I don't hold on so long
see chart for my short from 8110... if my wasn't so stupid to close it at +30 I would wait for my downtrendline to be broken to exit or wait for some very huge volume on potential capitulation...
Attachments
thanks for those insights
those are definitely targets out of my league... I don't hold on so long
see chart for my short from 8110... if my wasn't so stupid to close it at +30 I would wait for my downtrendline to be broken to exit or wait for some very huge volume on potential capitulation...
nice entry FW...exit is the hard bit eh...with such a steep downtrend it's likely you'd get an up bar that would poke above...for day trading i'd put a stop on a close above that bar which corresponds with the second highest volume bar
Attachments
I'd go along with your 7860 steve.... I've noticed it's not that common to get dax down 200pts on close over the last 18m (naturally)... When there is potential for one it usually repairs itself before the bell... Dn 200 would be around 7890 not far off 7860.
So I'm looking for an entry ..... but job done for today really :cheesy:
Might turn up
Attachments
confirmed, lets so how it works out
