Need somewhere to think out loud,

Right MUST Trade.........

DAX Long 11454. 24/42 uptrend, near the 50, 1/2 in, lets see if the trend holds.

2nd position @45 maybe, incase it goes to fall back lower 24 range.

Not looking promising, SAD setup is +15 here already, dunno if DAX likes me these days LOL

2nd just at 45!! Rang held short term only sadly!! :(
 
Out +$43 which is sucky while risking $150 ofcourse.

Came to the conclusion, DAX is too fast, too choppy, to changeable direction wise, in short it's a FECKING pain in the ass, so despite getting out okay, just I'll add..........

DAX is pulled from all my charts :(
 
Mo06 said:
The Dax is an animal to trade.
More...

Was lurred by the tiny spread and no comm's on offer, purely for scalping only which isn't what I'm aiming for here.

Current thinking is move away from USD Pairs, better trending without the USA's madness aswell.

So trading GBPAUD, EURAUD, GBPJPY and EURJPY there all linked kinda and more importantly they are slower, which really helps at my age ( 44 )
 
I think the best way to trade the Dax is via options, rather than outright long or short on the ftrs.

But then again I'm a very poor index trader.
 
Mo06 said:
I think the best way to trade the Dax is via options, rather than outright long or short on the ftrs.

But then again I'm a very poor index trader.
More...

Yeah, trying to trade it with a tight ish SL is near enough impossible so would make more sense.

Not that I plan to get back into Options again, last time I traded option I blew 6K on a over night gap up in a prior bear market, my entire account LOL ( I started with 2K and took out 14K so it's great till it's BAD )
 
Mo06 said:
Can I ask what sort of options you were trading ?

Indices, commods ?
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US Stocks NASDAQ, a LONG LONG LONG time ago, shortly after the SEC daytrading rules which forced me into options.

My bad, should of been 1/3rd on the counter trend, sad part it if I'd of reversed the direction and went with Calls I think my 6K would of turned to 100K within a week LOL

Trading, get a sense of humor or go MAD!!!
 
EURAUD long 1.47740, 42/24 reads of chop, looking like it'll turn up for the rest of the pm.

Might be wrong, 2nd position soon I guess LOL

2nd at 69!

Set lower alarm and upper and do something more fun as it's hopefully slower.

Want to adapt and get into holding for an hour or 3, risking a small amount and making 3x's as much, by riding the trend.

Rather than playing with fire and going MAD!!
 
DEFO BAD Week, that just hit the SL ofcourse -$155.

Down all day, ofcourse it's going to go lower doh!!

Without DAX can optomize for FX better, messing with currently, Slower I think!!
 
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