The Diary Of Not Even Semi-Serious DAX30 DayTader

[be-positive]

I took profit on that, basically just sold the cash open after I opened my chart this morning and saw a double top, was just a quick reaction to it.

nice one what flicking robot turbo pills are you useing :cheesy:

 

[be-positive]

Yeah around there

ok thankyou

 

[DAX30DayTrader]

This is what I saw when I opened my chart this morning at 8am, so it was an instant react or should I say scramble to open my account and short.

 

[DAX30DayTrader]

nice one what flicking robot turbo pills are you useing :cheesy:

I'm just a mad computer scientist making programming evil bots to take thousands of trades every minute for small profits each, but I won't tell you jack ****, its a secret.

Shhh, its the only way to make money at this...as I newbie, I can tell you that with my experience.

Sound familiar?

 

[be-positive]

you must be hovering over buy button

 

[DAX30DayTrader]

There is no doubt that DAX has just been bought at 8810, the rejection spike shows that followed by those 2 green candles, but the STOXX isn't impressed and isn't heading higher, STOXX is still inside the 08:00/15 candle range, while DAX tests its 08:00/15 candle high.

I'm following the STOXX for the next move.

 

[DAX30DayTrader]

I can't take that move above the 08:00/15 DAX candle high seriously if STOXX ain't confirming it!

If STOXX ain't taking the lead, or confirming it with a move above its own 08:00/15 candle high, then I have to view this is as a false move until proven wrong.

And I could be wrong

 

[DAX30DayTrader]

Basically, what am saying is I'm neutral until STOXX either dumps or confirms.

 

[DAX30DayTrader]

Am going to take a little short here, half my normal size.

 

[DAX30DayTrader]

Took half off

Stops at entry

 

[DAX30DayTrader]

STOXX just took out its 08:00/15 low.

DAX still inside its 08:00/15 range.

 

[Vasco da Banana]

Potential bounce area here?

 

[DAX30DayTrader]

Closed out my last half..

Trade tickets to follow.

 

[DAX30DayTrader]

Still downside points there I think, but am ok with what I got.

 

[be-positive]

nice one ----- the hall of fame on t2w will have you SIR soon

 

[DAX30DayTrader]

Don't know why I bothered my **** to be honest, I went in at half stake size (£10pp), so my profit was pittance and hardly worth my time.

My total profit was £84.

Anyway, DAX broke above its 08:00/15 high, but the thing that caught my eye was that the STOXX did not lead or confirm by breaking its high, so I viewed this as a false signal by the DAX. I waited to see STOXX starting to move down on the tick chart, at that point I went short DAX as it always plays catch up.

STOXX eventually lead the way by smashing its 08:00/15 low, DAX was still inside its 08:00/15 range, so it was a given it would follow, and would have to put in a lower low as well.

I scaled half my position after a few points, just to cover my ass on that, as It was looking a little wonky, though DAX came through in the end.

Thats it...thats the reason why I took the trade....crap profit though, what does £84 buy you these days.

 

[Slapshot]

Out of interest DAX, who do you use for tick charts? IG? I've not got an IG account so am unable to view their stuff.

 

[DAX30DayTrader]

Out of interest DAX, who do you use for tick charts? IG? I've not got an IG account so am unable to view their stuff.

Yes I use IG advanced charts for the ticks (the charts I have posted are the basic charts).

You can watch a 1 or 2 minute chart, its not exactly the same, but close on the STOXX.

 

[Vasco da Banana]

what does £84 buy you these days.

84 Poundland algo boxes.

 

[DAX30DayTrader]

I think I might be done for the day chaps, not sure yet.

2 trades, £230 and £84, so the days total is £314 just in case ya can't count.

Am also over the £3k mark now for the week, not bad considering it was a lazy start to the week for me.

I might look for one more trade, but don't hold yir breath, I will probably get distracted becasue an no even a semi-serious DAX trader.