I quite enjoy trading equity indices, recently even more so than trading forex.
SPX has been in a fierce uptrend for the last 6 years. It started at around 700 and now its up at almost $2000.
Fundamental reasons for this amazing rise was no doubt Fed's QE. With tapering bond purchases every month, how long can this be sustained?
Anyone else getting tired of "s&p making new highs"?
DAX is another awesome index I'm beginning to like a lot. Word of caution though: like other volatile assets, DAX can also get away from you quickly, so if trading DAX, protect your capital with stoplosses and BE in due time.
Since I also frequently trade crude oil, you can expect to see crude oil analysis here too.
In my trading I use a combination of supply and demand off larger timeframes (typically H4) with weekly/monthly pivots and S/R off Daily charts, using m5 and m15 with tape reading tools for accurate entries. I use HHs and LLs to gauge primary trend changes. Anyone is welcome in this thread, discussing other CFDs and fx pairs.
I don't use any lagging indicators in my intraday trading and I firmly believe they are a waste of time for intraday traders. So I kindly ask people who use these to not post entries of the type: m5 5MA crossing 20MA it's a BUY SIGNAL! If you are using MAs and RSIs, I will only accept that kind of analysis if its taken off a Daily chart (50, 100 and 200DMA).
HINDSIGHT NOT ALLOWED!!!!
SHOULDA WOULDA COULDA has no place in trading.
DISRESPECTFUL posts won't be tolerated either.
Happy CFD trading!!!
P.S. Funny pics and posts are welcome and greatly encouraged for some laughs and variety, provided that you post analysis and trading views prior.
SPX has been in a fierce uptrend for the last 6 years. It started at around 700 and now its up at almost $2000.
Fundamental reasons for this amazing rise was no doubt Fed's QE. With tapering bond purchases every month, how long can this be sustained?
Anyone else getting tired of "s&p making new highs"?
DAX is another awesome index I'm beginning to like a lot. Word of caution though: like other volatile assets, DAX can also get away from you quickly, so if trading DAX, protect your capital with stoplosses and BE in due time.
Since I also frequently trade crude oil, you can expect to see crude oil analysis here too.
In my trading I use a combination of supply and demand off larger timeframes (typically H4) with weekly/monthly pivots and S/R off Daily charts, using m5 and m15 with tape reading tools for accurate entries. I use HHs and LLs to gauge primary trend changes. Anyone is welcome in this thread, discussing other CFDs and fx pairs.
I don't use any lagging indicators in my intraday trading and I firmly believe they are a waste of time for intraday traders. So I kindly ask people who use these to not post entries of the type: m5 5MA crossing 20MA it's a BUY SIGNAL! If you are using MAs and RSIs, I will only accept that kind of analysis if its taken off a Daily chart (50, 100 and 200DMA).
HINDSIGHT NOT ALLOWED!!!!
SHOULDA WOULDA COULDA has no place in trading.
DISRESPECTFUL posts won't be tolerated either.
Happy CFD trading!!!
P.S. Funny pics and posts are welcome and greatly encouraged for some laughs and variety, provided that you post analysis and trading views prior.
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