Foale

How many people here watch volume as a reversal indicator? THis is much easier to do on the Dax than the Ftse

This is getting some hallmarks of a late morning sell off...that recovers just before the NY open... not betting the bank on it though... Gosh 7 of us here ...in the am....excellent

closed Cash Dax short 6214 +24 closed Cash Ftse short 5227 +6

Dax weaker than the Ftse this am... Looking for the 15 min to break below its uptrend line from 11am yesterday.. Might need the Dow futures to oblige and fall under 11200 first...

short Cash Dax 6238 short Cash Ftse 5233 short Sept Dax 6288

Nice one...about time we start seeing some 3 figure gains...

So Phil...what are you NOT doing to make up that point gap... number of trades? holding on for the bigger points?

Yes the days where is appears to have a whipsaw undesicive trend...can mean few points...then when you look back at the end of the day on a say 30 min time frame...you then see it was a buy...all day... I am at least doing the contract trades...but of the last 7 I have done all would have at least doubled from the no of points that I achieved had I not bailed on the first sign of trouble...Have to learn they are a different mindset. I have those contract trades triggered by longer term charts that are on a different screen to the cash trades but still end up closing in them at 30-40 points...rather than the 60-80 they end up achieving before I get a close signal...

I agree I was expecting it to turn down again too... Good day for me...and really all Dax in the end... Cash +183 Contract +76 (Sept) so +259...if only every day...

Thanks for the heads up..I had forgotten the FOMC....Doh

out at 08.... +23

Today for the first time in ages...I got to trade the 3:15- 3:50 time period...as no school run... LOL It was a bit too fast for me... I will have to gear up to trade that..maybe black coffee at 3pm!

I did not realise that you had closed...thought you were about to say...thank you +100 for tomorrow I have written down... "Keep those contract trades open.."

Short Dow 11131

Some spreadbetters only offer qtr dates....CMC one of them... Textbook would say...weakness here to take the Dow back to 11,000...and the Dax back to its now support at 6155 ish futures.. then a rally fast these highs..

Dax breaking downtrend that held last 5 days

Rolllleeeerrrrrrccosssttteerrrr !!

Ftse very weak on banks etc Dax less affected...and huge volume at the lows on 11am has been prpelling it higher ever since...again volume getting alrge. now..so perhaps ..they are scaling out ahead of the1:30 figs Dow of course the main driver...adding 100 in 20 mins helps...what caused that though.?

Interesting...closed my short SEPT Dax at 30 +30... It seems I am tempted to close the contract trade when I have already closed my cash shorts profitably...and looking around to book more unrealised gains from falling/rising markets... both today and yesterday market then moved more in my positions direction...should have scaled out...of course.. Have to work on this.... So far ..+78 Cash +76 September trades All Dax and Ftse Good volume this am...but its keeping us in a tightish range...

SHORT Sept Dax at 6160

Wednesday...thats constant awaiting for figures day... with Oil at 3:30.. Possible sell signal on my Sept Dax later today...

Its all over the place...think I have done my last trade today...

brutusdog...see you check in ...but never see you post.... Whats your take on the market?

You got a good entry on that one... well done...

So much for long term.... I quess its stage 1....Do them... stage 2 ...run them longer..( and not scarper at the first sign of trouble) out Dax 6143 +59 out Ftse 5189 +21 Idea is buy them again later...and cheaper