Daytrading - FTSE, DAX, NASDAQ, CAC (& maybe some other instruments too!)

[avgjoe]

Hi all

Long time lurker on these forums - and have slowly got into day trading over the last 2 years. Have blown accounts, gone through a full array of indicators and almost spent money on systems promising magic. It's all brought me back to what seems to be the most accurate method - price action.

So.. I am going to log my journey here... to see if price action is king! Thoughts are very welcome, but please DO NOT use these as blind signals to trade! I will not be held accountable for your losses.

A little bit about me - I am saffa, living in London on and off for the last 9 years. Given that my day job was never doing enough for me, this is an area I sought to research & investigate. While I have no misguided misconceptions about making millions, even earning a little extra for life's little luxuries will do!

So enough about me, every evening I shall attempt to post my trades and their reasons for the day. Until then, ciao...

AvgJoe

 

[avgjoe]

Right, it's Monday 19th December... waiting for this mystical Xmas rush to happen on the markets. Lets see what this week holds! I start on Sunday night despite my wife's protests.

News leaks out on Friday about Belguim's downgrade. Furthermore, (super) Mario Draghi was accused of too much bond buying ( = too much intervention). All this seems negative for the euro.

I short EUR/USD & AUD/USD (both risk pairs):

EUR/USD
Entry : 1.3039
S/L : 1.3069
Target : 1.301, 1.30
Reasons : Concern over the EURO zone and Belgium downgrade weigh on sentiment, both aussie and euro had bearish patterns in the short term, hence the played the sell off down

AUD/USD
Entry : 0.9971
S/L : 0.9999
Target : 0.9945, 0.9930
Reasons : Concern over the EURO zone and Belgium downgrade weigh on sentiment, both aussie and euro had bearish patterns in the short term, hence the played the sell off down

I also short the CAC a little while later:

CAC40
Entry : 2951
S/L : 2991
Target : 2911, 2901
Reasons :

• Commods open weak at resistance and moving lower.
• Risk FX opens weak
• All indications for weakness ahead into asian session as uncertainty over EUROZONE weighs
• CAC 40 daily chart = bear flag
• 10 mins broken symmetrical wedge = bearish with a lower low registered and bear flag
• 60 mins = death cross pending with LL and LH's resuming

I'd closed these pretty quickly as per my summary below.

Later in the day I took an OIL long (though I must admit that these scare me!!!)

US OIL
Entry : 94.98
S/L : 94.4
Target : 94.5 , 95
Reasons : North Korea fired a missile, this kind of event is usually bullish for oil (North Korea test-fired missile on Monday: report | Reuters)

RESULTS
So how did I fare today?

EUR/USD short +15
AUD/USD short +32
CAC short +40
OIL +30
TOTAL (Mon 19 Dec) +117

On that note, this has taken me much longer than expected.. Peace out

 

[isatrader]

Hi avgjoe or should I say wallstreet1928? You might want to mark up your charts differently if you want to pretend to be a beginner and scam some more people. Merry Christmas

 

[littleangel1982]

Hi avgjoe or should I say wallstreet1928? You might want to mark up your charts differently if you want to pretend to be a beginner and scam some more people. Merry Christmas

haha ....what a delusional person??

watch out for the bogey man , he's behind you ?? haha

I have come to the conclusion that some people on T2win have some serious mental issues...especially after todays shenanigans !!

 

[Splitlink]

Hi avgjoe or should I say wallstreet1928? You might want to mark up your charts differently if you want to pretend to be a beginner and scam some more people. Merry Christmas

Isa, what suspicions do you have, here? Please make sure that you are right because we need some new blood in the threads that are started on T2W. If we don't get it we are all going to die of old age.

 

[bedsit]

Isa, what suspicions do you have, here? Please make sure that you are right because we need some new blood in the threads that are started on T2W. If we don't get it we are all going to die of old age.

'new blood':?::?:

The guy is trying really hard - using all sort of different names. Maybe he needs T2W more than the other way round.

Still doesn't make sense to me - if he is a good trader, why would he need to find more subscribers? Surely he can make millions from his high success rate signals. Unless he is not trading them?:whistling

 

[Splitlink]

'new blood':?::?:

The guy is trying really hard - using all sort of different names. Maybe he needs T2W more than the other way round.

Still doesn't make sense to me - if he is a good trader, why would he need to find more subscribers? Surely he can make millions from his high success rate signals. Unless he is not trading them?:whistling

I'm no lover of WS---he knows that. What we don't need, though, is yet another series consisting of trashy posts making the thread impossible to read properly.

So, I repeat, be right and, better still, take it to a monitor to sort out early so that everyone's time is not wasted.

It's getting that no one can read anything on here without someone else coming in shouting "Knickers".

 

[isatrader]

Isa, what suspicions do you have, here? Please make sure that you are right because we need some new blood in the threads that are started on T2W. If we don't get it we are all going to die of old age.

Look at the charts and the mark up on it (especially the hand drawn arrows) and compare to his threads charts. They are done by the same person imo, and yes I reported it to the mods at the same time.

I agree we need some new blood in the threads, but if avgjoe is not Wallstreet then he should just ignore me.

 

[littleangel1982]

Look at the charts and the mark up on it (especially the hand drawn arrows) and compare to his threads charts. They are done by the same person imo, and yes I reported it to the mods at the same time.

I agree we need some new blood in the threads, but if avgjoe is not Wallstreet then he should just ignore me.

haha ......I have already been accused of being him today.

I am his student and my name is Yasmin .....

some really weird people on these forums

if only they paid more attention to there trading accounts rather than being sherlock holmes ...they may just make more points rather than complaining about thin volumes!! hehe

I have made + 130 points all in real time within last 24 hours

please review all trades live and in real time here

http://www.trade2win.com/boards/day-trading-scalping/141792-little-angels-trades.html

 

[avgjoe]

Hi guys

Hope everyone had a god Xmas weekend. I've not been online much so have not posted trades and am just catching up now.

I see there's a lot of comments about WallStreet1928 - so I'd like to clear up some things:

• I am just posting trades here with analysis. I am a student of his, and use his analysis to help my trading.
• I am doing this to share my knowledge, get feedback, views. You won't see any promotional material on this thread - simply a journey of what I am trading. They may not be right, I may do more trades on some days than others but thats just how it goes!

As far as I know, I am OK to do this? Feel free to message me if you want info about me. I will continue updating tonight / tomorrow with my post xmas trading.

Cheers

 

[avgjoe]

TUES, 28 Dec 2011

Have not updated in a bit - work was really hectic, so wasn't able to log previous trades. I'll start with this week so far...

Short AUD/USD
Up to 1.0160
Avg = 1.0155
S/L = 1.0185
TGT = 1.0125, 15

Fundamentals

RISK OFF

HONG KONG (MarketWatch) — Asian markets extended their fall in thin
volumes Tuesday, with South Korean stocks briefly sliding more than 2%
in choppy trade before recovering some ground, while Chinese shares
dropped further on lingering worries about the economic outlook.

• Nikkei Closes Down, Trade Value Hits Lowest Since '03
• S&P 500 slammed into 200 MA resistance on the daily chart
• Risk FX - US dollar @ support as Europe talks of QE
• Commods - oil fails to get past $100 resistance and copper weak overnight as stuck @ resistance..no HH!!

Technicals

10 mins @ 200 MA resistance and fib retrace resistance
60 mins - lower highs = bearish

Short FTSE

Up to 5548

avg = 5543
S/L = 5593
TGT = 5500 - 5450

Fundamentals

• Asia down overnight
• Italy Govt Bonds 10 Year Gross Yield 7.121% = danger = risk off
• Talk of QE from EUROPE = weaker EURO = higher US dollar
• Commods at resistance along with RISK FX

Technicals

• 10 mins - resistance @ 5540 as bull flag complete
• 60 mins - berarish wedge formation , high probability of break to down
• side as EURO and oil @ resistance

Short DAX
Up to 5911
AVG =5906
S/L = 5936

Technicals

10 mins = trend line and gap level resistance
60 mins - upward sloping wedge = bearish as triple in with no HH's = reversal

Short CAC

Up To 3139
Avg = 3134
S/L = 3164
Tgt = 3104, 3094

Fundamentals remain the same = risk off
Franch CAC 40 daily chart = doji = reversal
10 mins - gap must close as unjustified
60 mins resistance

Short Nasdaq

Up to 2290
Avg = 2288
S/L = 3010
Tgt = 2260, 2250

Later that day...

Short Nasdaq

upto 2304
avg = 2299
stop loss = 2320
tgt = 2280.70.60

Asian markets making new lows
Iran threatens to cut off strait of Hormuz....... Economics = exogenous variable shock = risk off
Oil > $100 = reduction in disposable income = fear trade = risk off = not good for Technology
Italian bond yields > 7.1 %
US dollar support

Technicals


Daily chart - 200 MA & trendline resistance
60 mins - trendline resistance
10 mins - gap level resistance
Apple and semi conductors into resistance

Charts Same as above attached

The reasons for the following shorts from 7PM:
- Oil at resistance, copper and gold remain weak.
- Nothing to fuel the aussie to move higher now as Iran spike factored in

Short FTSE
Up To 5553
avg = 5548
stop loss = 5578
tgt = 5518 , 5508


SHORT CAC
Up to 3118
avg = 3113
stop loss = 3143
tgt = 3083 , 3073

SHORT AUD
upto 1.0168
avg = 1.0163
s/l = 1.0193
tgt = 1.0133


SUMMARY FOR THE DAY
A few trades were closed b/e after being up +10. None to minimal losses there if the average was good. These are Tuesday's results:

Short DAX from 5913 +30
Short CAC from 3129 +20
Nasdaq short, AUD short & FTSE short closed for a total of +15
@7PM, AUD, FTSE & CAC closed +52

My total for the day + 117

 

[avgjoe]

WEDNESDAY, 28 DEC 2011

SHORT FTSE 07:44
Up to 5521
avg = 5516
s/l = 5546
tgt = 5486, 76

SHORT CAC 07:51
Up to 3104
avg = 3099
s/l = 3124
tgt = 3074

SHORT DAX 08:06
up to 5886
avg = 5881
stop loss = 5906
tgt = 5850, 5840


SHORT NASDAQ 08:06
from 2287 , upto 2293
avg = 2290
stop loss = 2310
tgt = 2270

LONG FTSE 08:59
upto 5484
avg = 5490
s/l = 5460
tgt = 5520

LONG AUD 08:58
from 1.0163 , upto 1.0153
avg = 1.0158
stop loss = 1.0130


SUMMARY FOR THE DAY
Short FTSE closed +21
Short DAX closed +18
Short CAC closed +15
Long FTSE closed + 20
Long AUD closed +10

TOTAL : 94 pips

There were more trades, but these are the only ones I took, two of which were a break even nasdaq short & a euro short -7 loss. The low volatilty suited me today as I was'nt online for certain periods, so I'm liking this quiet period!

 

[wackypete2]

so blatantly obvious what's going on here it's pathetic. At least one nic was banned.

Peter

 

[Splitlink]

Hello All,

I have been trading for some time now as a part time hobby, but unfortunately I make money, then lose money etc...so I’m more or less square, so no reason to giving up my full time job as a Quantitative Analyst as yet.
I have many friends trading at Marex, and one of my friends introduced me to one of his friends who runs a trading service, where he advertises the trades he is about to place. My friend who trades bund futures at Marex tells me many of the “locals” use this service as a part time hobby just to make “small chips” and keep their brains active, but when I saw this service can generate over £2,000 per week I was shocked.
Has anyone used has anyone used http://www.spreadbetguru.co.uk/before?

Here are the trades that were posted for the Dow Jones Index to me covering the last trading week.
Just need some insight to be honest

Friday April 13TH

size ticks p/l
12909 B
12899 S 10 10 -100

12909 B 20 10 -200
12899 S

12909 B 40 15 600
12924 S

12902 S 10 -10 -100
12912 B

12902 S 20 15 300
12887 B


MONDAY 16TH
size ticks p/l
12898 S
12883 B 10 15 150

12874 S
12885 B 10 -11 110

12926 S
12938 B 10 -12 -120

12926 S
12911 B 20 15 300

12929 S
12939 B 10 -10 -100

12963 S
12950 B 10 13 130

12928 S 10 20 200
12908 B


TUESDAY 17TH size ticks p/l

12944 S 10 -13 -130
12957 B

12960 S 10 -10 -100
12970 B

12960 S 20 -20 -200
12970 B


13053 S 10 -10 -100
13063 B


13091 S 10 -10 -100
13101 B

13109 B 10 13 130
13122 S

13122.3 S 10 9.5 95
13112.8 B

13091 S 20 4.5 90
13086.5 B



Wednesday 18TH size ticks p/l

13091 S 10 -11 -110
13102 B

13092 S 20 -10 -200
13102 B

13092 S 40 14.5 580
13077.5 B


13052 S 10 4 40
13048 B

13051 B 10 11 110
13062 S

13070 S 10 12 120
13058 B


13035 S 10 -10 -100
13045 B

13067 B 10 -12 -120
13055 S


13034 S 20 14 280
13020 B


Thursday 19TH size ticks p/l

13022 B 10 8 80
13030 S

13050 S 10 16 160
13034 B

13005 S 10 -10 -100
13015 B

13069 S 10 -11 -110
13080 B

13069 S 20 15 300
13054 B



13005 S 20 15 300
12990 B


FRIDAY 20TH size ticks p/l

13004 S 10 -10 -100
13014 B

13019 S 10 -10 -100
13029 B

13019 S 20 9 180
13010 B

13039 S 10 16 160
13023 B

13070 S 10 -11 -110
13081 B

13070 S 20 17 340
13053 B

Total £2,455

Doesn't mean anything, though, unless the trades are posted as soon as
opened and closed.

I've tried posting live but decided that it was too difficult for me to be in two places at once.

 

[Splitlink]

That is something that you must decide for yourself, but anyone can post "hindsight" trades on a thread.

 

[markmc27]

I decided to give it a go, and received a one week free subscription. I called him up and he gave an insight - he was a floor trader who used to work at Refco trading the Bund futures, since then he has moved over to Dow due to the volatility but using his same trading style. Since monday, I have been making money (although only on a demonstration account) however I am copying whatever The Guru is telling me he is doing.... this spreadbetguru.com website seems damn good...only £50 per month as well...think I will subscribe to this service...doesnt really hurt my pocket to see how someone else is successfully trading.

Ha ha his one page website thats only up and running since last tuesday

 

[carpect710]

I was just browsing for related forum posts for my project research and I happened to discover yours. Thanks for the excellent information!