Australian (ASX) Stock Market Forum

The transition to Futures trading

Short DAX 10,000.

Getting into the grove with this.

If I hold for the position trade it will be the second time I've given back $3,000 profit on the DAX this week!
 
I have read a lot of your posts PAV

You seem to alternate between kicking yourself for lifting early or kicking yourself for lifting too late

Just something I have noticed :2twocents:2twocents
 
I have read a lot of your posts PAV You seem to alternate between kicking yourself for lifting early or kicking yourself for lifting too late Just something I have noticed :2twocents:2twocents

Your spot on.

I just took it off for 50 points.

Will place a wide re-entry if the US looks weakl.
 
DAX is quite interestingly. I thought maybe a false break. It then found support just above 9900. I wouldn't be surprised whatever it does now.

FTSE - I wasn't expecting such a strong gap up yesterday. Will the gap need to be filled? We are still at resistance so I favour the short direction but rest of the week will be important.

DOW - 100 points up! After the consolidation of the last week or so I thought it would top out and break down. Surely it needs to correct. Wasn't expecting it to move this far. Tonight will be interesting. Maybe a false little break? But if a strong night tonight then I've got no idea.

I feel I can't go long because
1) we are at resistance on DAX and FTSE.
2) US looks over extended.
 
I feel I can't go long because
1) we are at resistance on DAX and FTSE.
2) US looks over extended.

We CAN
If the price action indicates we SHOULD!


That's what discretionary trading is all about.
Don't form a pre conceived idea.

let the market tell you!---It will.
Simply get on and minimise risk.
Eliminate it as soon as you can.
Then right or wrong you have made a quantified decision which can play out without cost!
 
Hey guys

Very interesting thread you have going here. I have moved to Aus from Europe and have generally traded the European session and occasionally the Spoos. I am struggling with the hours at the moment though and am thinking of focusing on SPIs.

Can i ask who you use for brokerage and platform? I currently use tradestation which doesnt offer SPI but would be a pain for me to move my code over to another platform so need to do some research.

Any help is much appreciated.

Regards
 
And here we are once again.
Very similar looking to see how the High at 10021 is tested
Volume is coming in but need to see if its exhausting or absorbing.

Dax 49.jpg

Wow that was quick as usual
short at 10020
Will post a chart when time --too fast.
Took 5 this is Bullish

False alarm short 17
 
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