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ThingyMajiggy said:
Cheers Can :)

Exited @ 8503, before it rallied 130 points back up, some huge moves to be had if you can hang onto the reigns :holysheep:
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ThingyMajiggy ...

If you can let me know it would help.
How is it you were able to hang on for so long with your latest short DAX trade ? I mean the amount would have been real hard to refuse even at the half way point.

Did you have a strong / firm projection target or was it a case of letting it run and moving stops but not too close.

Appreciate your reply.
Cheers,
 
dlineinvestor said:
ThingyMajiggy ...

If you can let me know it would help.
How is it you were able to hang on for so long with your latest short DAX trade ? I mean the amount would have been real hard to refuse even at the half way point.

Did you have a strong / firm projection target or was it a case of letting it run and moving stops but not too close.

Appreciate your reply.
Cheers,
Click to expand...

Put my orders in and went to bed, easiest way to hold through big moves :D I get up at around 3-4am for work so I'm only gone for a few hours. I was expecting it to go to new lows by the way the week had run so far, and the way the day had panned out before that, I was just expecting it to be a fair bit lower by the time I got up again, I don't care how it gets there, just thinking ahead and picking what I think are good areas to enter based on that idea :) Turns out this time my idea was okay, was up a grand or two before I entered that trade, so was looking okay anyway, more luck than anything I think ;)

I'm trying to think about where it'll be in X minutes, hours, days etc. and just trying to get spots that give the least risk for that idea to play out.
 
Unfortunately and showing the other side of the game, I am down $1600 due to buying the DAX too soon. The seppo retail numbers triggered the dump and I got caught bad. :cry:
 
ThingyMajiggy said:
Put my orders in and went to bed, easiest way to hold through big moves :D I get up at around 3-4am for work so I'm only gone for a few hours. I was expecting it to go to new lows by the way the week had run so far, and the way the day had panned out before that, I was just expecting it to be a fair bit lower by the time I got up again, I don't care how it gets there, just thinking ahead and picking what I think are good areas to enter based on that idea :) Turns out this time my idea was okay, was up a grand or two before I entered that trade, so was looking okay anyway, more luck than anything I think ;)

I'm trying to think about where it'll be in X minutes, hours, days etc. and just trying to get spots that give the least risk for that idea to play out.
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OK Cheers, yes that would have worked in your favour ...

I think Techa mentioned that very tactic before !
"Set and forget" lol ... how many times before have we ruined a good thing eh !:p:
Trading houses love those type of traders
 
Wysiwyg said:
Gee whiz, DAX copping another flogging so far tonight hey.
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Not wrong, going nicely! just hit 8400, that's 600 points down from where we were 6 days ago, what a beast.

Had a short tonight from 8580 with 1 lot, out @ 8437 just now. +EUR3500

That's all for now, this thing is going nuts, I'm heaps tired tonight so it's probably best to just watch now.

Crikey, I keep looking over at my other screen, this is just collapsing, nearly at 8300 now since I started this post :eek: Really thin in the book so something must be going down or someone saying something somewhere.
 
ThingyMajiggy said:
Not wrong, going nicely! just hit 8400, that's 600 points down from where we were 6 days ago, what a beast.

Had a short tonight from 8580 with 1 lot, out @ 8437 just now. +EUR3500

That's all for now, this thing is going nuts, I'm heaps tired tonight so it's probably best to just watch now.

Crikey, I keep looking over at my other screen, this is just collapsing, nearly at 8300 now since I started this post :eek: Really thin in the book so something must be going down or someone saying something somewhere.
Click to expand...

I havent seen the books so thin in three or four years...:eek:
 
ThingyMajiggy said:
Not wrong, going nicely! just hit 8400, that's 600 points down from where we were 6 days ago, what a beast.

Had a short tonight from 8580 with 1 lot, out @ 8437 just now. +EUR3500

That's all for now, this thing is going nuts, I'm heaps tired tonight so it's probably best to just watch now.

Crikey, I keep looking over at my other screen, this is just collapsing, nearly at 8300 now since I started this post :eek: Really thin in the book so something must be going down or someone saying something somewhere.
Click to expand...

Sam fantastic trades... really well done:xyxthumbs... Bank it mate don't get cocky on these tip top wins.
 
ThingyMajiggy said:
Not wrong, going nicely! just hit 8400, that's 600 points down from where we were 6 days ago, what a beast.

Had a short tonight from 8580 with 1 lot, out @ 8437 just now. +EUR3500

That's all for now, this thing is going nuts, I'm heaps tired tonight so it's probably best to just watch now.

Crikey, I keep looking over at my other screen, this is just collapsing, nearly at 8300 now since I started this post :eek: Really thin in the book so something must be going down or someone saying something somewhere.
Click to expand...

A beast is right just made 900 in minutes ... Not a gloat ... I'm done for now "have to go out but .... just an amazing index to trade ! Once you get in on momentum it's like a train thats lost it's brakes
 
ThingyMajiggy said:
Nah no way, trading the dax is like being in a cage with a Lion, one false move and it will definitely let you know. It has its tricks but it could rip your head off at any time as well :D :cry:
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I hear you Sam... some times i ask myself why i keep coming back to it. it's the ultimate test of patience and nerves! makes CL look like a Picnic. one of the last main 5 min bar down did 97 bloody points.

bit of a junky rally atm building see how much conviction they have once if the pressure re starts.
 
I'm studying this market with the intention to trade it next year. It will be a big step up but the potential is unbelievable.
 
Hi everyone,

So I set up an IG account for some small time CFD trading.

I'm a little confused and pissed because it's charging me $17 a pop to open AND close trades??

I was trading Nasdaq shares... Isn't the spread supposed to be more like 2c a share? (I was trading small).

It's so weird usually the broker just takes a small cut by adding a small pip difference to the displaying prices??

Can someone enlighten me, why did it cost me almost $120 to open and close 3 trades???

It'd be cheaper to trade CFD's on friggin Commsec.

:mad::mad::mad:
 
Bit different trading this tonight, ....... !
IMO ... my very lucky short trade, the candle beside came to within 2 pts of my stop !
The most stressful 800 to date. I'm not kidding.
Hope you all did better than this.
 

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