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Edwood said:
hey Prof, Dax is good generally, lots of nice long moves - easier than FTSE which tends to be choppier. check Dax out on 1min with 510MA - trading the MA crosses is a pretty simple method for it really. only bummer is the hours but should be better for you guys in Aus
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Can't look at a 1 min with an average that big:( can only get a chart for it off futuresource, as I don't subscribe to IB data for it. Can I get it on MT4? Can find the FTSE but nothing for the DAX:confused:

It looks nice and frisky from what I've seen- Think if I was going to look outside of Asia for different markets to trade, the DAX would be one of the first I'd look at:)
 
professor_frink said:
Can't look at a 1 min with an average that big:( can only get a chart for it off futuresource, as I don't subscribe to IB data for it. Can I get it on MT4? Can find the FTSE but nothing for the DAX:confused:

It looks nice and frisky from what I've seen- Think if I was going to look outside of Asia for different markets to trade, the DAX would be one of the first I'd look at:)
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hi Prof - there is another MT4 broker with Dax but I can't remember which one - will try to find it. I can set those signals on my spreadbet a/c

A second Hindenburg Omen has been recorded by McHugh fwiw - so we now have a confirmed H-Omen which gives a higher than normal probability of a major correction within the next 120 days. :):) we had a confirmed H-Omen last year before the May drop (you should've got the email from W2W)

had my first dabble in Hang Seng yesterday - traded the lunch-time gap & made my daily target in about 5 mins! good stuff, will definitely spend more time with it, especially given that we are at the targets

have a good w/end!
 
Edwood said:
hi Prof - there is another MT4 broker with Dax but I can't remember which one - will try to find it. I can set those signals on my spreadbet a/c

A second Hindenburg Omen has been recorded by McHugh fwiw - so we now have a confirmed H-Omen which gives a higher than normal probability of a major correction within the next 120 days. :):) we had a confirmed H-Omen last year before the May drop (you should've got the email from W2W)

had my first dabble in Hang Seng yesterday - traded the lunch-time gap & made my daily target in about 5 mins! good stuff, will definitely spend more time with it, especially given that we are at the targets

have a good w/end!
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Sweet. Might have to subscribe to the data for the Eurex soon to have a look anyway.

Yeah been following the omen. I've dusted my bear suit off and have it ready to go:D

Nice work on the HSI- those gaps at the lunch break can be pretty nasty! Did you trade the mini or just jump straight in on the full size?
 
wayneL said:
We are getting some volatility back into the market... in summertime an' all. This could be another sign of unrest amongst the bulls. It is slowly being acknowledged that the Sup-Prime apocalypse is not over and that is IS having an effect on the economy (doh!) and only the most unreasonably steadfast bulls are refusing to consider the negative economic fundamentals.

Double Top? hmmmmmmm maybe the bell just rang.
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Ding Dong.

I'm sorry Wayne, Bernanke has spoken, mortgage madness largely contained now, nothing to see here, move along please ha ha :D

How's the poor old consumer going, maxed out the credit cards yet? No worries, just get all those Chinese hooked on credit too.

You'd have to laugh about how it all works except that a lot of people are going to get hurt here

Camel toe double top on the daily, head n shoulders on the weekly. It would be an unusual chart pattern to see a sudden reversal of these trends in the short term, so go with the flow?? Short the rallies??
 

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professor_frink said:
Can't look at a 1 min with an average that big:( can only get a chart for it off futuresource, as I don't subscribe to IB data for it. Can I get it on MT4? Can find the FTSE but nothing for the DAX:confused:

It looks nice and frisky from what I've seen- Think if I was going to look outside of Asia for different markets to trade, the DAX would be one of the first I'd look at:)
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On this thread there is a download with directions on installing into MT4... gives you the option of a mass of different servers for MT4...
post 31 http://www.forexfactory.com/showthre...?t=5293&page=3 ..
Should possibly find the DAX in there somewhere... :)
 

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It's probably old news to you , but have you heard of the CME CBOT possible merger ?, voting is on the 9th of July...
 
thanks Caribean :)

here's todays range on the Dax fwiw - managed to get some of the rise before going to bed, but wasn't expecting it to turn around quite so quickly! :eek:

daxrange260607bp9.gif
 
I have just got the DAX, EUROSTOXX50, BUND, contracts on my account, i watched some of the action last night, i think i like the way they move better than DJI etc, there won't be any falling asleep on the wheel with those, they are real firecrackers!!
 
caribean said:
I have just got the DAX, EUROSTOXX50, BUND, contracts on my account, i watched some of the action last night, i think i like the way they move better than DJI etc, there won't be any falling asleep on the wheel with those, they are real firecrackers!!
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yes Dax is better than the US in my opinion, cleaner and less 'manipulation' so tends to be less whippy - altho it does tend to follow the US quite closely... also better than FTSE which is too choppy for me - FTSE requires too much screen watching.

haven't got a chart in front of me but also worth noting is how much the Dax is up in the last year. should get a decent retrace out of it assuming we all roll over
 
You trading the futures Ed, it's 17,200 euro initial (overnight) margin. :eek:

Big contract. Thats 30k odd in Pacific pesos.

Stoxx 50 @ 4106 euro is more in keeping with the US eminis.
 
wayneL said:
You trading the futures Ed, it's 17,200 euro initial (overnight) margin. :eek:

Big contract. Thats 30k odd in Pacific pesos.

Stoxx 50 @ 4106 euro is more in keeping with the US eminis.
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I didn't know that Wayne - I've only used my spreadbet account for Dax so far. I'm only doing SPI futures at the moment everything else s.bet - the o.night margin is minimal with s.bet compared to futs and the spreads are actually better out of hours with the s.bet. Futs much better in hours tho for speed of execution and spreads.

will definitely check out stoxx 50 - cheers for the tip

s.bet could be something to look at in Europe perhaps? profits tax free for UK residents
 
are you following HSI at the moment Prof?

strange that its only down 160-odd pts from the highs when Dow is down around 2.5%. something seems to be out of balance :confused:
 
afternoon Ed,

Yeah, the HSI has been doing it's own thing presently- the only thing I can think of is it attracted a fresh wave of buying once it finally broke out through the highs from January.

Of course I could be wrong:)

But that doesn't bother me at all. I'll just keep trading it either way:)
 
professor_frink said:
afternoon Ed,

Yeah, the HSI has been doing it's own thing presently- the only thing I can think of is it attracted a fresh wave of buying once it finally broke out through the highs from January.

Of course I could be wrong:)

But that doesn't bother me at all. I'll just keep trading it either way:)
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yeah good point - perhaps best not to reason why...! :)

still new to HSI so will just look to jump in & out until I get a feel for it - we could be in minor iv now with a final pop up to come - i.e., looking for a top if those fib levels are correct that is
 
on the longer timeframe (daily) RSI dropping & MACD starting to turn down for a cross so looks to be setting up for some downside imo. am short now +24 but hovering as I know this baby turns on a dime!
 
Edwood said:
yeah good point - perhaps best not to reason why...! :)

still new to HSI so will just look to jump in & out until I get a feel for it - we could be in minor iv now with a final pop up to come - i.e., looking for a top if those fib levels are correct that is
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If you are looking at the HK markets- have a look at the H-shares. It's the HSI's psycho little brother. Can be good fun:)
 
closed +22 - will see if we get a bounce off the bottom bolly & look to have another dabble from the top bolly
 

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