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9,644.01 -150.05    (-1.53%)
25/07 - Closed. Currency in EUR ( Disclaimer )
Type: Index
Market: Germany
# Components: 30

  • Prev. Close: 9,644.01
  • Open: 9,767.50
  • Day's Range: 9,620.58 - 9,794.85
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DAX 9,644.01 -150.05 (-1.53%)
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Germany 30
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Latest DAX Comments

Scott Dorman
Scott Dorman Jul 26, 2014 01:42AM GMT
"GIANT TIDAL WAVE SWEEPS AWAY SPECTATORS IN CHINA AUGUTS 23, 2013" It is a video on "you tube" which I want those who are following the River Trading Strategy to watch. Put the volume up and watch it on a full screen. No one gets injured in the clip for those who do not like the sound of the title. However It is very important I think that you watch it. If you dont want to use stop losses or think that trading is a game then you should feel different after watching this 5 minute clip. Think of the River has everyone in the world who trades, including governments, banks, hedge funds, private traders, our entire forum and most importantly you. If you can do that for me, you will probably get a better understanding of why we need rules for trading in these five minutes that you are about to spend, than reading and studying anything else for a year. Talk to you all Monday.
Scott Dorman
Scott Dorman Jul 26, 2014 02:31AM GMT
So who really thinks taking a trade against the current is a smart thing to do now ???. You may be able to get away it a few times if your lucky but the more times you do it, the closer you are to losing ALL your money. So essentially if you accept that concept you must therefore come up with a way of determining what the "current" is doing and trading WITH it. That means having enough respect for the river that you look at it from a perspective great enough ( a 4 hour chart is to be used and NOT a time frame smaller). Then it all comes down to position sizes, stoplosses and the acceptance that sometimes along the journey the waves are going to just simply get you. Its just how it is. If you can limit the damage with your stop loss and let your profits run when your in the right way until you hit obstacles, well then you have yourself a method of sailing the river profitably.

Shan Best
Shan Best Jul 25, 2014 03:38PM GMT
Thank you Captain Scott!! Safely at the other side of the river. What a wonderful ride and end to a very profitable week thanks to you. Have a great weekend! You've earned a good rest!
Scott Dorman
Scott Dorman Jul 25, 2014 11:10PM GMT
So you did a little sailing into the riverbank before you started your weekend did you. :). Well done, I think you will find that you are the one who did the sailing, I just pointed out that you were standing in the river. Have a great weekend.

Neal  Dixon
Neal Dixon Jul 25, 2014 10:49AM GMT
What's people's thoughts on dax today?
Thomas Bjerre Kristiansen
Thomas Bjerre Kristiansen Jul 25, 2014 11:00AM GMT
Neal, these are the patterns i'm looking at. The lower line is the neckline for the IHS. Now, we are moving just above the upper resistance in the descending wedge. We need some volume and some strong upwards movement to call it a breakout
Paolo Ferrara
Paolo Ferrara Jul 25, 2014 11:53AM GMT
so do you think long for monday - tuesday ? .
Thomas Bjerre Kristiansen
Thomas Bjerre Kristiansen Jul 25, 2014 12:29PM GMT
yes, im betting to see 10000 again within a few days. Perhabs tuesday along with some earnings. If it breaks the 10000 i will go long until 10400 (IHS target), but with a SL just below 10000
Neal  Dixon
Neal Dixon Jul 25, 2014 12:56PM GMT
How will today shape up? US durable goods order gave good reading; could the market move up with dow at 2:30pm?
Thomas Bjerre Kristiansen
Thomas Bjerre Kristiansen Jul 25, 2014 01:10PM GMT
I think DAX will rally up to 9800 soon.. trying to drop all day, but there are too many buyers at 9730. Sanctions against russia is getting old news
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