caribbean

Pardon my rant as I haven't read the whole thread, there's one fact you all seem to be missing, if the markets get to 0 we won't have any need for money, rather more cans of food, sacks of flour etc. So risk is limited somewhat...lol I always find out if something works or not (in the markets at least)by trying it out myself and so from that point of view I welcome 1A's approach, actually I have a sneaking suspicion I have met you in a private forum a few years ago but never mind, good to see you're happy with your method.

Thanks for the advise, i have to agree with bearbull the charts and movements don't occur in the same manner between DAX and ESTX. Back to the chart posted, IMHO nothing works without a good "feel" of the market you are observing and it's "moods", if it's stuck in a range you can ride the oscilations with a wider stop, knowing that even if you don't get the entries exactly right it will come back to a profit, but you will have to be weary of the break that will come eventualy, if in a trend take only the signals to the direction of the trend untill the trend is over, that's indicated with lower lows/ higher highs....but not always of course..

Hi Agekay, i haven't been here for a while....that chart is nothing special mate, heikin ashey, oscilator, and a moving average, unfortunately it would take a lot more than that to be profitable. Charting used :sierra charts BUT, if you use discretion derived from larger timeframes, S/R, fib's, T/L's, or even pivots, it could be useful. My problem is that due to very small account, it makes me hesitate pulling the trigger, a few false moves could wipe out my account very quickly... I like the dax because of it's volatility and quick moves, in the very small (20-50 ticks) timeframes you can enter a trade and reach your target (or loss)in a few minutes, i got sick of waiting in the currencies for a trade to evolve, being an inpatient person, the DAX suites me fine.

Hi Max, PM send....

Hi Max, on a different topic, do you know of any good chat rooms for the DAX? i'm an intermediate level trader ....

Hi all, my first post here, i,ve been looking for a DAX thread, hopefully a few more traders will participate. I have only been interested in the DAX futures for the last 4 months and i have to say i'm hooked...still trying to find a way to scalp it with a R/R of more than at least 1/1. The image shows my chart set up, with the only thing missing, the support/resistance lines....i try to keep things simple and rely more on discretion.