Phil Mibbutz
Experienced member
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I'm desperate to pull the trigger on Dax...still quoted flat...something stinks..
Agree with you there. I've been baffled by the DAX for several days now, but two attempts to go short have convinced me to stay clear.
just as well I left it alone....something was brewing...didn't seem right..Dow just rallied 100pts
Aaaaaaaaaaagh Bisto!
We have just dipped below Feb highs .... and theoretically this should be some sort of support........so with 7.00pm approaching and the need for bulls to show themselves ..
Toasted Bear may be on the menu once again.... I've no positions on the dow just waiting to see what the chef deicides...
My models are telling me...
I've got thick red line at 370/72 zone
but the first potential bar/hurdle comes around 300-305
Lets see what happens up there if we remain firm....
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Amended due to spreadsheet corruption...
359ish, 370-76, ........then laptop1's pre market levels on Thursday.
Strong day is +200 which brings us to 466 (slicing into old recent lows/sppt)
Watching 500-520 if we get a flyer.... Now 263
I've got thick red line at 370/72 zone
but the first potential bar/hurdle comes around 300-305
Lets see what happens up there if we remain firm....
==============================================================================================
Amended due to spreadsheet corruption...
359ish, 370-76, ........then laptop1's pre market levels on Thursday.
Strong day is +200 which brings us to 466 (slicing into old recent lows/sppt)
Watching 500-520 if we get a flyer.... Now 263
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Phil Mibbutz
Experienced member
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Heading for a positive close?
That's predicting a gap bar up on dax ..........
Good Bet
And now BE !!!
Also 20 odd points above weekly high....could be wrong but 850 ish has been tops this week
Not a bad call......
You called a nice little move....hope you closed out in time. I did warn you ...
just need it to tank tomorrow....bring on the Panzer Division....
Agreed ......oil is also looking intresting sub $96...lets see if we can hold $95 overnight for a potential flyer tomorrow (?).... should be nice scalper either way.
It's looking poorly but who knows what the lads have planned...
QUOTE OF THE DAY
1 - " No officer set out that day to shoot an innocent man" - very curious thing to say by the head of the met..... imo
WEIRD ??
2 - Tidal wave due to hit UK tomorrow .......
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Back in the groove then
Hi DC, long time no chat. Caught your post a little late and managed to short DOW cash at 13650, stayed up late last night and reversed at 13221 which promptly went up and I closed at 13271. Long again 13229 this afternoon and closed at 13270 on it's way back down from 13400ish. Long again 13203, added long at 13100 close 1 of those at 13240 and currently still have the remaining long on DOW with a short on DAX at 7872 for overnight.
All in all a damn useful post to follow!!
Cheers and good luck in vegas.
PS. Didn't understand the reference to 180 on FTSE??
Hi DC, long time no chat. Caught your post a little late and managed to short DOW cash at 13650, stayed up late last night and reversed at 13221 which promptly went up and I closed at 13271. Long again 13229 this afternoon and closed at 13270 on it's way back down from 13400ish. Long again 13203, added long at 13100 close 1 of those at 13240 and currently still have the remaining long on DOW with a short on DAX at 7872 for overnight.
All in all a damn useful post to follow!!
Cheers and good luck in vegas.
PS. Didn't understand the reference to 180 on FTSE??
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dc2000
Veteren member
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"aftnoon chaps what a great day,if you thought it was only the retail sector that got heated over trades your wrong saw two traders having a set too that would put the rumble in the jungle to shame, I hear we have a new member wellcome Mr Wilson shame you didnt want to post under your genuine nick" any wanting to do some light reading http://www.trade2win.com/knowledge/articles/general_articles/swing-trading-rules-and-philosophy/
K
kenobi
thanks mate, sure i did take my profits. i run a little method based on 3rds.
spot a setup, i expect 2/3 to get there, if it gets 3/3 im happy. so, my position is, i take profits on 2/3 of position at 2/3 of target, rest keep a stop at 1/3 profit of expected move. if last lot goes to 3/3 expected move, then i take a nice profitable trade on the last lot, otherwise, i dont complain. fool proof
so, call is 150 from high at 19.00 and 2/3s of move is +90, take 2/3 so +60 on original position, and on 1/3 of remaining take + 30 or a +10 so, all in all a nice + 70 :cheesy:
lurkerlurker
Senior member
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Dow hourly pins
Not me! Some of DCs calls have been good, but I don't place orders based on figures quoted on an Internet BB.
Did anyone buy 13228 when it was first hit? Did anyone get out in 20 minutes for a profit? Who got stopped out?
I don't trade this market intra day, but I've been following TD's thread "Making Money Trading" (link in sig) and have found his setups interesting. Here is my take on a possible Dow setup.
And I'm giving in and using the "cash" price for this post since everyone else is.
Perhaps a target based on local resistance on the H1, or perhaps exit MOC if the daily did not confirm.
Not me! Some of DCs calls have been good, but I don't place orders based on figures quoted on an Internet BB.
Did anyone buy 13228 when it was first hit? Did anyone get out in 20 minutes for a profit? Who got stopped out?
I don't trade this market intra day, but I've been following TD's thread "Making Money Trading" (link in sig) and have found his setups interesting. Here is my take on a possible Dow setup.
And I'm giving in and using the "cash" price for this post since everyone else is.
Perhaps a target based on local resistance on the H1, or perhaps exit MOC if the daily did not confirm.
