Hi Ziff, I'm around, busy watching wimbledon at the moment. I have been trading the DAX all day and added the DOW since its open. 5 Trades on the DAX and 1trade on the DOW.
I have just about given up on the DOW for today, oscillating within a tight range, maybe towards the end of the session, there may be room for manoevre.
Have you had a good day?
Ziff, is that 524 from about 1.00pm yesterday, if so good trading
Hey, better than a kick in the teeth Ziff
Short 610 cash
2468Steve, agree, all hourly stochastic in excess of 92 (except 1 hour), re-testing R2 again. Daily Stochastic nearly through upper limits and weekly having been 98.8, crossed over the target line and now 83.8 heading southwards towards the 80 upeer level line. Weekly MACD Histogram - divergence nearly complete.
I have to be bearish on these setting, what are your thoughts?
long @ 20 cash for a run into the close......boredom trade i'm afraid,not recommended but alternative is to watch Eastenders !!
Hi Ziff,
To identify potential trades I use 2 methods
1) the 1 Min Chart, for eg: when the stochastics hits 90 and macd histo is starting to divert, I move to the 2 min chart and wait for the same to happen, then the 3 min chart, at that point, the 1 & 2 have set on their way, I enter the trade.
2) For a less stress free and my favoured method is the 3 min chart using the extremes of the stochastic backed up by other confirmation indicators to enter the trades, I suppose really, the same as (1) above without worrying about the former timeframes.:cheesy:
out @ 30....never thought I'd say this but Eastenders looks the better option compared to this market tonight........
out @ 30....never thought I'd say this but Eastenders looks the better option compared to this market tonight........