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Afternoon all. That's me done for the day. Daily pips achieved. I don't feel 100% confident with the market at the moment, so don't want to ruin what i've made. Ill let the rest of the day play out and see what tomorrow brings. Not going to chase a trade, learnt that lesson a long time ago. GLA.
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Good Morning All (anybody) -----hope you're all doing well and banking the profits . Markets returning to the volatility we experienced early in the year ---nice if you can get it right !!----not always the case (lol)--- GLA ----
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Morning all, i think you right, great volatility this week. Great for scalping, only if you get it right. Am sticking to taking roughly 10-20 pips and banking. Not staying long or short for a long period of time. Unless the movement is strong. The dax is very interesting at 7am, easy pips, but got to be quick. GLA
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Shaan_7 --Afternoon , wild volatility on the Dax again today ----over 100 point move up followed by over 200 points down all for a mere 50 point swing on the Dow !!!!!!-- Yes, that 7 am. action been occuring now on a regular basis . I suspect until the Greece thing is sorted then this volatility will repeat many times ??--- A close above 11640 is needed now !!-- GL.
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And back up 140 pts. -----what a roller coaster --all hinging on the Dow as usual (lol) -- GLA.
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Afternoon Hottentot, what a day, like a yo yo, am still taking pips in small batches, it all adds up at the end of the day. Greece is definitely giving us some fun. Ill be ready for 7am tomorrow. Nice start to the day. GLA
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Shaan_7 ---Yes, i'm still sticking with my £10 / pt. 20/25 pts. at a time unless it's screamingly obvious like the big rise from midday's oversold low at around 11380 ish . I'm riding those trades as long as it takes (lol) --- I have 11605 as the closing level on a huge positive candle ( hammer) which should bode well for tomorrow !!--- Only thing is the 4 hourly downtrending channel has been touched now at 11605 but still only on RSI 60 ---will be interesting to see if it goes overbought and attempts to break the 11639 level ----a reversal of the 4 hourly trend is imminent in that case .--- Still heavily dependent on the Dow's movements , unfortunately --- GL. ---
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DOW hitting new all time highs tonight --may see a pull-back worth trading as 4 hourly is approaching overbought !!---- GLA---
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Morning all. I caught that spike on the Dax, pips banked. I wouldn't short the Dow just yet, just got this feeling its going even higher. Yes am sticking with £10 p/p on general trades, but a little more if i am a bit more confident on the trade. Am just going to keep banking the pips slowly. Got to be careful: Fundamentalists V's Chartists, interesting.
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Greetings from afar! Looks like some good trading going on here as ever. WDGs! Still trading but completely changed approach for a while. Just two or three big (by my standards) 'swing trades for me nowadays. Just on Dax, Dow & Brent. Usually at £50 to £100 pp. Only two open at the mo. Both Dax from 11400 & 11600. Currently giving me a much more relaxed life! Dare say I'll get bored and start scalping at some stage - nothing changes. Hi to all and continued G/L with trading and life in general. F430.
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Should read "Just two or three big (by my standards) 'swing' trades A MONTH for me nowadays. Bye.
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Morning all F430 that's a bit strong for me, ill stick to £10 p/p. You must have some big b..s Hottentot how you getting on, still banking them pips?? GLA
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Descending wedge formed on the 1 minute chart, DAX. (i think) lol
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Morning Shaan_7 ------yes, Dax behaving as normal this morning at around the opening bell, nice easy pips there !!-- Yesterdays big rise was unexpected !!-- Dax reversed the 4 hourly downtrend yesterday on the rise above 11639 and this mornings pull-back is just bringing it back down from overbought ---all good for now --- GL.
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Dax may we pull-back to around 11700 ish before going up again to let the "steam "out a bit ----let'see !!-- GLA.
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Hottentot, hope it does, because am short on it at the moment, and not going my way!!!! Drop, drop, drop. GLA
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Well that's me done for the day, what a day, hard work. I think we might hit 12000 tomorrow, with the late rally. Ill see what the morning brings. But i think the sentiment is upwards, now that we broke 11700 and stayed above. GLA
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Shaan_7 ---- Yes , was out all afternoon so no trading for me since early this morning . Still favour a small pull-back personally ---especially as the Dax finished the day on a fairly neutral candle !!--- But don't hold me to that (lol) ----4 hourly still just under overbought . Four reversals in the 1 minute trend today ---- Overall trend is up i suspect ---Dow is at record highs and Dax is lagging by some 600 points or so !!!--- F4's swing trades look to be doing very well for him --- GL.---
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good to see everyone doing well and hi f4, nice to see you about, still quietly swing trading, my v LT play is kefi, adding each week on dips...had the dax at 11200 odd lastweek and remembered hot had a level around there somewhere, anyway, came back later to place trade--11500 odd ooops :-( atvb s
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Morning all Am currently short on the Dax at 11802. Not sure which way this is going. So going to leave it for a while and see how it plays out. GLA
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Morning All ----nice to see you back FP . Dax behaved as normal around the 7 am open ---more easy pips -- Some good tradeable peaks and troughs along the way since then !!-- A good WEDGE forming on the 1 minute now with around 11810 as its intersection ----see if we get a good move one way or 'tother at that point ??-- GLA.----
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Morning, i've been waiting and watching that wedge for ages now. Just dithering. On FX this morning, they said there's a gap from 11600 to 11700. Don't gaps always get filled??? not sure myself, your thoughts? GLA
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Shaan_7 -----well, it's just hit the intersection on that wedge ---let'see !!-- Dow futures not moving much ---tight channel between 18240/18260 ish -- GL----
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Well, the move was down ---let's see how far !!---- GLA.----
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Shaan_7 ----tut,tut ,hold back on that itchy finger a tad longer (lol) --- GL though ----
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I know, this itchy finger always gets me in trouble. Patience is a virtue, which i havn't got. May leave it as a swing trade like F430, works for him, lol.
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Shaan_7 ---my nightmare is the "just one more trade" syndrome !! (lol) ---have lost some good profits on that one !!-- Swing trades can work very well if you get the right levels and can "afford" the possible underlying losses building up against you !!--- F4 has 11400 and 11600 ---two good levels --- A swing trade at 11800 ( current level) has every possibility of being lucrative as well given the "bullishness " of the Dax atm ---- GL.
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Well that's me out, took 6 points, lol. I did "one more trade" last week on the Dow, made good money on the Dax throughout the day, even turned comp off. Then in the evening turned it back on just to see whats happening, not to trade, thought i saw something, it went against me, lost the days earnings within minutes. Am not confident enough or have enough experience to swing trade, i wouldn't be able to sleep knowing i've got a trade on.