Velocity Trader DAX Journal

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Quote from velocity_trader:

A few months a go I was making fewer trades and holding a little bit longer. I was still scalping but not as quick to take profits.
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As of late I've been taking a lot of 1-3 pt moves occassionally 5-6, and maybe a 10 pt move once a week..


6 months ago I was taking alot of 3-5 pt moves, occassionally 8-10, and maybe once a week 15-20pt
 
I should probably keep my mouth shut as I'm trading much differnt than you guys so have a different perspective, sill find it interesting to observe different styles. not a scalper so I get bored waiting for a setup :)

that last retracement finally gave me a decent long entry at 43.. took forever tho.
 
Hi Mark! Dax swings more intraday than Dow? Would be nice with a stock or index that swings up and down and not to much (hmm..don´t know the English word for it) "Stand still in about the same place".

High volatility + high trending i guess it could be defined as.

Dow is better than s&p500 for this. You think Dax is even better?

Have you tried Nikkei or Hongkong?
 
Quote from callmeput:

Hi Mark! Dax swings more intraday than Dow? Would be nice with a stock or index that swings up and down and not to much (hmm..don´t know the English word for it) "Stand still in about the same place".

High volatility + high trending i guess it could be defined as.

Dow is better than s&p500 for this. You think Dax is even better?

Have you tried Nikkei or Hongkong?
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The DAX is better then the DOW in my opinion for scalping becuase of the lower exchange fees. In my opinion.


I think the DOW is the best scalping market in the US at the moment(for stock indexes), but its low tick value is what I don't like.
 
Quote from velocity_trader:

The DAX is better then the DOW in my opinion for scalping becuase of the lower exchange fees. In my opinion.


I think the DOW is the best scalping market in the US at the moment(for stock indexes), but its low tick value is what I don't like.
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Haven't tried NIKKI or Hong Kong. I'm looking into it though, finding out about connectivity right now. Talking to TT to see if they can provide access to it via their X-Trader software.
 
Quote from dpanic:

I should probably keep my mouth shut as I'm trading much differnt than you guys so have a different perspective, sill find it interesting to observe different styles. not a scalper so I get bored waiting for a setup :)

that last retracement finally gave me a decent long entry at 43.. took forever tho.
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Add your thoughts anytime. I like to hear how other people trade.
 
buying/selling retracements into the trend has been my strategy for a while. worked ok this again this morning for a couple 10+ point moves each. 4:55am 3843 long then 3851 long at 5:22am east coast time.
 
just entered another at 55.5. pretty simple, look for a retracement on decreasing volume and then take a position into the trend. look to take a partial fairly quickly to remove risk then hope the remainder will move for a more substancial move. For example on this last one I took +3 on 1/2, stop at BE at 55.5 on the rest.
 
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