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DAX

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9,409.71 +91.89    (+0.99%)
15:35:15 GMT - Closed. Currency in EUR ( Disclaimer )
Type: Index
Market: Germany
# Components: 30

  • Prev. Close: 9,409.71
  • Open: 9,311.00
  • Day's Range: 9,277.36 - 9,417.82
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DAX 9,409.71 ++91.89 (++0.99%)
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DAX Discussions

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Job Bizann
Job Bizann Apr 17, 2014 09:45AM GMT
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Scott Dorman
Scott Dorman Apr 17, 2014 09:08AM GMT
I am finished trading for the day now. I have been shorting the DAX and taking a long on the DOW when the slow stoch has been overbought on both the one minute and the five minute charts and then getting out of both when the one minute chart is oversold on the DAX. I have had about twenty winning trades in a row this week. I strongly suggest at the very least traders open a demo account and test the theory. Have a good weekend guys

Bobby Chochkov
Bobby Chochkov Apr 17, 2014 08:32AM GMT
top man Scotti , i think so too they must go down ...
Scott Dorman
Scott Dorman Apr 17, 2014 08:51AM GMT
We will see how it goes Bobby. I am optimistic but it is trading so we need to protect against the downside :) . On a separate note I read Szymon's post from yesterday. I know he has been shorting this after holding a long trade previously. Well done mate you are doing really well. Congratulations on your efforts this last month or so.

Scott Dorman
Scott Dorman Apr 17, 2014 04:19AM GMT
I am expecting the DAX to sell off today. I will be trading it as part of a hedge again but I cant see how it can be anything but negative. The reason is with the four day break coming up I cant imagine what sort of professional in their right mind would want to leave a long trade with the Ukraine situation the way it is. The US 10 year is selling off too and the Asian markets have weakness also. It all adds up to a big sell off in my eyes. I couldnt care less what the charts are showing and that yesterday was an up day. Good luck with your trading everyone.
Shafran Mohamed
Shafran Mohamed Apr 17, 2014 06:24AM GMT
Yes Scott I am Also holding a SHORT After hunting 100++ green pips on Tuesday..... -----<<Cheers>>---.
SOHAIL AKBAR
SOHAIL AKBAR Apr 17, 2014 06:40AM GMT
Agree with Scott, Thanks Scott.
Marija Jordan
Marija Jordan Apr 17, 2014 07:59AM GMT
I'm not sure about sell off, market looks like it want's to go higher and test 9400 level. Four days break shouldn't be a problem, if something bad happens in Ukraine, we will se huge drop on tuesday and that's it, it is normal procedure that happened many times before...
Scott Dorman
Scott Dorman Apr 17, 2014 08:11AM GMT
Thats far to optimistic for my liking but thats what makes a market Marija. Good luck :)
Marija Jordan
Marija Jordan Apr 17, 2014 08:29AM GMT
Thanks Scott, but I'm not trading today, market looks too unstable and anything could happen. Just wanted to say that shorting shouldn't be taken for granted just because of 4-days break and Ukraine. Market has been irrational far to many times before. I can see your point and it makes sense, but I wouldn't be surprised with opposite direction today as there are some buyers trying to push up. So guys, be careful today if you are trading! :)
Show more replies (1)

kk may
kk may Apr 16, 2014 11:26AM GMT
Still Bullish? or reversal of trend after US market open?

kk may
kk may Apr 16, 2014 11:01AM GMT
What is the forecast? Will the trend will be reversed?

Szymon Kowalski
Szymon Kowalski Apr 16, 2014 10:29AM GMT
Now i have 400 pips profit from my last sell of in dax:) But i waiting for more;)
Jack Hanson
Jack Hanson Apr 16, 2014 10:52AM GMT
well done, Szymon. hope your rewards will come soon. i'm still looking for a clear direction to trade.
Szymon Kowalski
Szymon Kowalski Apr 16, 2014 11:00AM GMT
I think i'll get 500 pips profit. Then wait to touch 9000 and buy:)
Jack Hanson
Jack Hanson Apr 16, 2014 11:12AM GMT
i wonder what are the markets celebrating. 1.4% China qoq GDP is ugly, still there is a rally. maybe this is called a denial.

Rock Gop
Rock Gop Apr 16, 2014 07:52AM GMT
Guys, Pls help me to understand 1 pip = $? how many $USD for DAX
Scott Dorman
Scott Dorman Apr 16, 2014 07:59AM GMT
One pip on the DAX is worth 1 Euro on most platforms. At the moment you need US$1.38 for one Euro roughly
SOHAIL AKBAR
SOHAIL AKBAR Apr 16, 2014 09:22AM GMT
Rock, it depends on your broker like in these days FXCM 1pip is equal to $ 0.14, But Scott Dorman is also right mostly it is $1.38 per pip,
Rock Gop
Rock Gop Apr 16, 2014 09:35AM GMT
my broker 1 pip = around 3.7$ :(

Edward Mouradian
Edward Mouradian Apr 16, 2014 06:35AM GMT
I bought at 9107 and 9110 for long...sold my long dow at 16 330 and my footsie at 6570 now i wait..silver is at buying range if you have patience its a bit long term investment but I would take a look at it :) i fit goes up i cash out dax if it starts going down well you know who it goes the more it falls the more you buy :) 8600 8800 could happen, but I wouldn't bet on it...depends on politics since data is a bit mixed
Scott Dorman
Scott Dorman Apr 16, 2014 06:42AM GMT
Very good. I have been taking the same strategy again as yesterday and it is paying really well again.

Scott Dorman
Scott Dorman Apr 15, 2014 05:16AM GMT
With the Easter weekend coming up I cant imagine many people wanting to keep open positions over the break. So to that end I would be shorting the market at times when it shows strength. The way I do that is on the slow stoch. When the one minute and the five minute charts are overbought I would either short it or hedge it with the DOW. I cant imagine if the market was to go up that it would go up strongly and I do think there will be volatility. That being said I will be scalping this trading day and not just holding a short for the day.Good luck
Daniel Sandor
Daniel Sandor Apr 15, 2014 10:03AM GMT
Thx for the info, Scott
Daniel Sandor
Daniel Sandor Apr 15, 2014 10:04AM GMT
What's your exit signal, by the way?
Scott Dorman
Scott Dorman Apr 15, 2014 10:29PM GMT
Hi Daniel. I have been shorting the DAX and taking a long on the DOW when the DAX is overbought on the slow stoch on the one minute AND the five minute chart and generally getting out of both Indexes when the DAX gets oversold on the one minute chart. This gives me about three winnings trades every two hours. Even though I think the market is going a lot further down that could play out over months so I am not prepared to just hold a short and wait.
Daniel Sandor
Daniel Sandor Apr 16, 2014 08:55AM GMT
That's very instructive, thank you!. For now I'm working with a small broker, with huge spreads and I can not do scalping but I'll ckeck your strategy on a demo account somewhere.
 
 
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