4032.00 - big fight. What´s been resistance becomes support.
Short DAX at 7740
- Thread starter ASusilovic
- Start date
4032.00 - big fight. What´s been resistance becomes support.
You need "brass balls" !
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240 min SMA 4017.00. 60 min SMA 4017.00. 
Brendan.... what i do is to gauge where i think the resistance or support would be and scale in based on that.
what ever level i enter it does not change how much i am willing to risk
example this morning i was willing to risk £150 (small time trader) and that means maximum of 3 lots so i scale in based on that from 4055 hoping it goes to 4080 and 4095 stops at 4126
what do u think pls sincere opinion from u and asu and others pls
what ever level i enter it does not change how much i am willing to risk
example this morning i was willing to risk £150 (small time trader) and that means maximum of 3 lots so i scale in based on that from 4055 hoping it goes to 4080 and 4095 stops at 4126
what do u think pls sincere opinion from u and asu and others pls
4013.00. Somebody must have hit the wrong button...
£150 on 3 contracts is like 2 points on the FDAX, not sure I follow your trade example with stop at 4126.
The only comment I can make is for you to find the type of trading and instrument you feel comfortable with. Don't berate yourself, be confident and be ready to take losses, that's the price to pay.
I cannot comment on your trading as I don't know what makes you go long/short, how long you stay in a position,....
FDAX can be pretty tough to trade, it can jump 20/30 points, it can decorrelate during the day with ES but it's also one of the best markets for scalping.
I'm sure you will be successful.
Taking some FDAX off table 3964.00... Rest trailing stop.
MetLife Inc., the biggest U.S. life insurer, spent at least 20 percent of the $38 billion in cash it held in December, buying government and âhigh-gradeâ corporate debt to boost returns.
38 $ billion in cash. Oh boy ! That hurts to read !
38 $ billion in cash. Oh boy ! That hurts to read !
Asus:
another nice trade. would you mind indulging me as to how you handle your stops and trailing stops?
this trade was actually less volatile than many i've seen you in; where you've somehow ridden out really big bounces against you b4 reaching your target. still, in this trade, you'd have watched your 25 point gain turn to a small loss after 4 hours (it also temporarily broke the downtrend- something that would have blown me out of the trade with less than a 5 point gain).
from there, it went beautifully for you. wondering though, once you took off some at 3964, where was your trailing stop? seems like you favour support and resist. levels, so seems that you wouldn't have been 'shaken out' until it broke above 3988, or even 4000. if so, you'd have left 1/2 your gains on the table.
again, i ask because i've been trading the DAX for about 18 months and have not found a way to trade it beyond scalping (that's why i don't post my trades- there are too many, and it would clutter up your thread). the swings in the DAX have made it so that i get shook out or, when i get liberal with my stops and trails, i end up getting pummeled and/or 25 point gains become 20 point losses from the swings. so, i continue to scalp, but constantly lament not taking the longer term trades. of course, when i do, they end ugly. ergo, this rambling post...
thanks.