Pull ya DAX up!

[CanOz]

I should have taken action on my suspicion of it going to be a trend day, could have done much better Unsure if there are any patterns leading up in the prior days that hint we might be having a trend day soon.)

Do you ever notice that these big days seem to occur after we have a range bound, choppy and low volatility day or days? The market is going from range bound to trend or as i like to think, balanced to imbalanced. You want a leading indicator? A balanced market will eventually trend, why? Half of all the contracts are positioned the wrong way, they've got to cover sooner or later. Trend days are mostly driven by either shorts covering, or long liquidation. Figure out when this is happening and where they'll need to cover and you'll be anticipating trend days much better than beforee

 

[ThingyMajiggy]

Do you ever notice that these big days seem to occur after we have a range bound, choppy and low volatility day or days? The market is going from range bound to trend or as i like to think, balanced to imbalanced. You want a leading indicator? A balanced market will eventually trend, why? Half of all the contracts are positioned the wrong way, they've got to cover sooner or later. Trend days are mostly driven by either shorts covering, or long liquidation. Figure out when this is happening and where they'll need to cover and you'll be anticipating trend days much better than beforee

Yeah I have noticed a bit of that, trend, range, trend, range. The "figure out when this is happening" part is the tricky bit Just got to expect it to take off one of these days if we've had a few range days.

Argh was long @ 9505, need more conviction to hold through on my ideas for the whole day

 

[CanOz]

Yeah I have noticed a bit of that, trend, range, trend, range. The "figure out when this is happening" part is the tricky bit Just got to expect it to take off one of these days if we've had a few range days.

Argh was long @ 9505, need more conviction to hold through on my ideas for the whole day

Sorry, meant to show the smaller brackets..

 

[barney]

+140 ticks on DAX.
6 trades.

Getting a nervous feeling now, doing well this early, the fear of giving back

Howdy Sam .... Like where you are heading at the moment .... also slightly jealous .... happy for you though

Without giving away proprietary secrets ........ and given your recent turn around of successful trades ...

Have you changed any simple things such as ....

1) Width of initial Stop loss (tighter or looser)

2) Time of day you are taking trades

3) Technical analysis adjustments ie Indicators which might actually help

Anything you might attribute your better trading to??

Cheers M8 and well done!

 

[ThingyMajiggy]

Howdy Sam .... Like where you are heading at the moment .... also slightly jealous .... happy for you though

Without giving away proprietary secrets ........ and given your recent turn around of successful trades ...

Have you changed any simple things such as ....

1) Width of initial Stop loss (tighter or looser)

2) Time of day you are taking trades

3) Technical analysis adjustments ie Indicators which might actually help

Anything you might attribute your better trading to??

Cheers M8 and well done!

Thanks for the encouragement barney better trading would be due to broader market view, finding some of my own patterns, correlated markets, patience, stopped trying to emulate other traders, and working on knowing what to expect, knowing that I can trade and just relaxing(not buzzing over every direction change, flipping and cancelling and carrying on), taking the right approach and having a go.

But there's always something to work on.

Just got out of my last trade @ 9699, going to stop here and finish on a high, just glad I managed to hold for longer than 2 bars



Total for today: +308 ticks on DAX.

Off to bed soon.

 

[xr06t]

Very nice going.

Thanks for posting the charts and commentary also everyone.

 

[barney]

Thanks for the encouragement barney better trading would be due to broader market view, finding some of my own patterns, correlated markets, patience, stopped trying to emulate other traders, and working on knowing what to expect, knowing that I can trade and just relaxing(not buzzing over every direction change, flipping and cancelling and carrying on), taking the right approach and having a go.

Good stuff .....

Total for today: +308 ticks on DAX.

Seriously good stuff ...... That last trade was a ripper!

 

[cynic]

My trusty ole cfd provider managed to miss filling my short order for 9711 by a fraction of a point!!!

Otherwise, not a bad night for trading the demonic DAX.

 

[VSntchr]

Total for today: +308 ticks on DAX.
Off to bed soon.

308 ticks...from memory when I was looking at the dax 12 months ago it was something like $37 bucks a tick! I'm guessing that sleep will be a well enjoyed one

My trusty ole cfd provider managed to miss filling my short order for 9711 by a fraction of a point!!!

Maybe should have had your order at 9710

 

[Trembling Hand]

My trusty ole cfd provider managed to miss filling my short order for 9711 by a fraction of a point!!!

Otherwise, not a bad night for trading the demonic DAX.

Always the brokers fault hey?

308 ticks...from memory when I was looking at the dax 12 months ago it was something like $37 bucks a tick! I'm guessing that sleep will be a well enjoyed one

No a tick is the minimum move. A point is a single whole number. So on the DAX a tick is half a point which is 12.5 EURO.

 

[CanOz]

No a tick is the minimum move. A point is a single whole number. So on the DAX a tick is half a point which is 12.5 EURO.

3800 Eur is a decent months salary. Take the rest of the week off if it was a live account Sam, and well done if it was sim regardless.

I don't trade the DAX often anymore but when i do its usually a momentum play...i had one yesterday on the Dax and one this morning on the SPI, both live trades.

It seems only during times of good volatility is there much follow through to support these plays....

Generally i like to trade mean reversion, but i have one momentum play...For a long, basically i look for the market to have cleared a key level with a certain level above in mind for a target, then i trade the break higher if the book is really well bid. Because the Dax is so thin and fast, for me to only risk 600 Eur or so, i only trade 1 contract. So this either gives me two cracks at it or a wider stop (i don't use physical stops, just a mental stop zone). I just look to hang on until the momentum in the book slows down or gets swamped. I keep a tight finger on the trigger on the offer side...I'll try and get out at break even if there is no follow through.

I find this works better for shorts in that the targets are hit quicker, almost like air pockets where there is nothing in the book.

I find these setups occurring after a period of quiet choppy action or consolidation. I always assumed it was shorts covering or longs liquidating.

 

[skyQuake]

3800 Eur is a decent months salary. Take the rest of the week off if it was a live account Sam, and well done if it was sim regardless.

No don't take time off! Double your size and keep going

well done

 

[cynic]

...

Maybe should have had your order at 9710

Based upon my years of experience trading OTC CFD products I sincerely doubt that having my order a point lower would've changed anything other than the Provider's quoted price.

 

[skc]

3800 Eur is a decent months salary. Take the rest of the week off if it was a live account Sam, and well done if it was sim regardless.

Real addicts/traders don't do this!

No don't take time off! Double your size and keep going

They do this.

Sometimes you are in a confident zone and you just react quicker and more determined than usual. You need to milk it for all you know it won't come back for another 4 weeks.

BTW, Sam, is it real or sim?? (Well done either way).

 

[CanOz]

Real addicts/traders don't do this!
.

You 'real' traders are a serious bunch...'take the rest of the week off" was an expression, like 'great job, pat yourself on the back'...

 

[skc]

You 'real' traders are a serious bunch...'take the rest of the week off" was an expression, like 'great job, pat yourself on the back'...

Really?!

I had this old boss who get employees to self pat their own back in front of everyone.

I couldn't tell whether he was trying to praise or humiliate people.

 

[CanOz]

Really?!

I had this old boss who get employees to self pat their own back in front of everyone.

I couldn't tell whether he was trying to praise or humiliate people.

oh my....

Sam, really good to see ya back trying again. I'll leave it at that.

 

[CanOz]

Here's that leading Indicator again Sam, a choppy range bound day....volatility is on the way

 

[ThingyMajiggy]

+103 ticks on DAX.

Phew need a breather tonight, might trade a bit more later.

Not happy with today's trading despite being up, crappy all over the place trades

Off to eat some dead cow with some dead pig wrapped around it

 

[Trembling Hand]

Anyone noticed the nasty sell bot that is doing these push downs. Stuffs the levels behind nesting orders on the second best and above offers. Then jumps down 1 with icebergs and drops the offer if anyone jumps in front.
f'n nasty........ unless you are with it!!