FTSE, DAX, DOW Trading Ideas and discussions

[TradeStar15]

Am finking of a long around 10,710/29 on DAX.

Thoughts ?

I don't fink DAX bulls have to much to worry about, am looking at the 6hr chart here and think this 10,700/29 could lead it up to 10,950/70 in a few days.

Dunno, am just after a few points here and there.

 

[MichaelJohnFX]

I didn't get a welcome. Just a STFU

Anyway welcome and good luck. Whilst I'm posting anyone short on the DOW?

😆

 

[MichaelJohnFX]

That 10765 area is trend support - could go either way.

 

[DaxSlut]

Ouch we're going deep south on the DAX ....

That 10700 may be attractive

This is always a problem with me : Went long 10760 for 15 points but did not have the nerve to short 10780.

Psychology.... Do not look above just in the direction you want your long term trade to go.

Good luck to those catching this I think I'm out for the day - made a fair few points.

 

[Dentalfloss]

oil/wti
a pump or a dump

 

[Dentalfloss]

oil coiling ready for a pop
could take index with it

 

[DaxSlut]

Snooze you lose and I was napping ... DAX long at the rubbish price of 10790

Low leverage this time just £10pp think this will be a loser. Might stop and take the loss or add lower down

 

[Atilla]

oil coiling ready for a pop
could take index with it

I think oil like the indeces testing support in its ascend.

more upside but perhaps after a retest of 44s.

Don't see any weakness or melt down for indeces just yet. Establishing support for now 👍

 

[timsk]

. . . Low leverage this time just £10pp think this will be a loser. Might stop and take the loss or add lower down

😱
Wow DaxSlut, if £10.00p/p is low leverage - then you've got a seriously meaty account. Respect!

I'm interested in your choice of either taking the hit and being stopped out or averaging down. May I ask how do you decide which option is the best and when to do it? If you'd rather not say - no problem.
Tim.

 

[DaxSlut]

😱
Wow DaxSlut, if £10.00p/p is low leverage - then you've got a seriously meaty account. Respect!

I'm interested in your choice of either taking the hit and being stopped out or averaging down. May I ask how do you decide which option is the best and when to do it? If you'd rather not say - no problem.
Tim.

Hi Tim,

1 - Loadsamoney LOL - Never ever leave it in your SB account

I've withdrawn all my winnings today and left just £1k in there with which I will trade at £10pp tomorrow

NEVER NEVER NEVER, you'll use it to cover a bad trade incurring a huge loss. If your entry was wrong or poor you have no option but to close as you'll soon run out of funds - it makes you far more focused,disciplined about selecting the correct entry because you simply can't get it wrong or you'll be wiped out in a flash. With a huge pot you're more inclined to just click buy or sell anywhere without thinking or analysing the situation. If you've lost you simply have to walk away and come back another day - deposit some cash and be happily trading again. 75% of the time I never trade again if I've got it wrong. 25% I'll trade again when I'm 100% right on direction but ran out of funds.

2 - Assessing when to close and to reverse comes with experience and again with discipline.

This is so difficult to answer - I've had to rewrite this section a few times and it still doesn't make it clear. I don't think anyone has the right answer for this.
For me what I've been able to do is to block out losing trades from my memory / never let a trade take more than a day's profit

Let's say you've had a bad day comprised as.

12500 peanuts won and 1 trade takes 11500 peanuts away, you instinctively say that you've lost 11.5k and a days work.
Better to look at it as a good day with 1500 peanuts profit and please don't try to make back 11.5k as there was nothing to make back in the first place

 

[timsk]

. . . Better to look at it as a good day with 1500 peanuts profit and please don't try to make back 11.5k as there was nothing to make back in the first place

I'm glad I asked the questions - excellent reply - great insights into another trader's approach - thanks DaxSlut!
👍

 

[TradeStar15]

Am finking of a long around 10,710/29 on DAX.

Thoughts ?

I don't fink DAX bulls have to much to worry about, am looking at the 6hr chart here and think this 10,700/29 could lead it up to 10,950/70 in a few days.

Dunno, am just after a few points here and there.

OH - Missed my 10,729 entry yesterday by 11pts. Booger!

Will buy 10,764 today if seen.

 

[TradeStar15]

Sold 10,836

 

[Dentalfloss]

dax been rangebound all week

 

[Dentalfloss]

not so...with spx

 

[Dentalfloss]

trends in dax over last 48 hours

 

[Dentalfloss]

spx over last 48 hours
latest push upwards

 

[Dentalfloss]

trick or treats today

 

[Dentalfloss]

oil/wti over the last 48 hours
seems to be pushing the spx

46.00-46.32 area horizontal res

 

[TradeStar15]

Sold 10,836

Closed it for +50pts