Might be more interest tomorrow when the Aussie market takes a hit. Not sure how many on this forum trade the overseas markets.
OK. I'm excited enough to post a chart lol.
I actually just lifted my second contract. I planned to hold longer but I feel I need to be balanced. I can always re-enter in the coming days to capture a down move if it eventuates.
FWIW I still think it's headed down but I thought I'd take one off prior to the US session due to potential unpredictability.
Also looking at the FTSE daily chart, that is one HUGE bar. Just when you think it can't go lower it will, but it's a brilliant move captured in 24 hours. Happy to pocket the remaining half of the profit and let just the 1 run.
View attachment 59536
Hockey stick, watch for the short covering
TH - So your prop.. Residing in the sunshine state mate. Currently with AMP Futures but not really happy with there customer service or round turn rates considering I'm reasonably active within the market. So far the path has led to either X Trader, CQG or Jigsaw.
last night was the biggest i been a apart of on the DAX enormous moves. took 20 but was scared out due to the size of my stops on most moves after 10pm Aussie time.
Good work with the profit.
The DAX looks so much more difficult than the FTSE. I haven't had a crack yet.
FTSE I find it quite straightfoward with setups and price action is fairly clean and yet still moves enough to make good profit.
DAX seems a bit more choppy but if you can get on one BOOM!!
I was looking at it at the start of the week and wanted to have a crack because I figured, like the FTSE, it was going to head down. The risk was just too big for where I'm at right now.
In spots like this though I find the risk of holding is worth it once on and stop is at BE.
If you get in near the top and then have a week of price falling strongly it is HUGE. Especially on the DAX. Even 500 points is close to $20,000!!!
Hi Pav, I hear what your saying. i have looked at the FTSE, but find the DAX moves harder, a lot of days you can have a one trade session and call it a night. but whatever your comfortable with. some days i ask myself why i trade it! the DAX can be a scary market... it can change on a dime, chop up false push then reverse 20 to clean shop. it's one for really watching till you see a nice set up with good value entry point. but i love it.... atm flat as a tack still coming to grips with last nights sell off.
Re-focus and don't miss the next one. This could easily push down from here!
got ya.... quick buy then might wait till 5.... do u trade the pre LON hour?
Short 6612
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