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-   -   Carpe diem: Intraday tactics for Dax and Dow (https://www.forexfactory.com/showthread.php?t=506246)

2be May 15, 2019 8:28am | Post# 42421

DAX Market order long @ 11895
adding lots to this position at 11905

danc May 15, 2019 8:31am | Post# 42422

long {image}
stopped minus a few

slowbrain May 15, 2019 8:55am | Post# 42423

will open position at the opening of Dow in 35 mn ....

2be May 15, 2019 10:23am | Post# 42424

DAX Market order long @ 11895
all posirions closed on dax above 12125
all positind closed on dow in below 25520 zone
all trades closed by market trailing stops

2be May 15, 2019 1:56pm | Post# 42425

6 Attachment(s)
DAX and DOW - perspective
DOW
possible ITD 2 L on DOW
There is still GAP on DOW sessions which is not completely closed, though almost closed
DOW Monthly (White) Weekly (Blue and crimson) and Daily (Yellow) pivots perspective was helpful, spot the confluence
Week data from US was of extreme help to day
On US I also use volume and volume candles, volume candles set to 444, 2224 and 6672, charts not posted
Please observe the accumulated session volume and ATR, come to your own conclusions!
The move to the last session close and above once again gave some guidance.

DAX

There is a gap still to close on DAX, but the action today has followed US indices
Volume and volume candles were of great assistance, for DAX I use 233. 233x4= 932 and 932 x 4= 3728
Again sessions accumulated volume (XFRA and XERTA are joint together as one session) and ATR
Close of last XETRA session was helpful
Monthly, weekly and Daily pivots were of assistance, notice the confluence

This is not a complete list of things I consider trading indices, however without too much boring details all of the above I find useful, today's session included.
I do not post many calls and live trades as I find it too destructive, though from time to time I do it very selectively

Overall it was a good day on DAX and DOW
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slowbrain May 15, 2019 2:31pm | Post# 42426

DAX and DOW - perspective DOW possible ITD 2 L on DOW There is still GAP on DOW sessions which is not completely closed, though almost closed DOW Monthly (White) Weekly (Blue and crimson) and Daily (Yellow) pivots perspective was helpful, spot the confluence Week data from US was of extreme help to day On US I also use volume and volume candles, volume candles set to 444, 2224 and 6672, charts not posted Please observe the accumulated session volume and ATR, come to your own conclusions! The move to the last session close and above once again gave...
2BE

i see on your chart London and NY open close , did you find any frequency distrubution of a pattern ?

2be May 15, 2019 3:02pm | Post# 42427

{quote} 2BE i see on your chart London and NY open close , did you find any frequency distrubution of a pattern ?
These session closes are very important to me, used them also when I was actively trading fx pairs, but for indices they are also important, though slightly differently played with. No blindly going for this particular type of the gap closure, There is usually a reaction towards it, often surpassing it like today, depending where indice is in the cycle, and other trend related issues. Just over 70% of these gaps have sgnificant closure, though some might have a signficant partial closure. VSA and pivots are also useful, and interpreting the news and the play between different indices is also important.
if the gap to the last session close is very large at the session opening, and gets larger fast, one needs to be patient, it is usually then that intra session gaps are created, these gaps are eventually filled also.
I mark these ntra session gaps, they are indeed very useful.
This morning relatively good data release from Europe and on good data DAX went down, to a nice pivot clusters, at the US data release, week data, and both indices went eventually up from well eatablished possible R (on DOW at least) and DAX followed DOW.
I hope I answered your question to some extend.

danc May 15, 2019 8:29pm | Post# 42428

DAX and DOW - perspective DOW possible ITD 2 L on DOW There is still GAP on DOW sessions which is not completely closed, though almost closed DOW Monthly (White) Weekly (Blue and crimson) and Daily (Yellow) pivots perspective was helpful, spot the confluence Week data from US was of extreme help to day On US I also use volume and volume candles, volume candles set to 444, 2224 and 6672, charts not posted Please observe the accumulated session volume and ATR, come to your own conclusions! The move to the last session close and above once again gave...


GREAT Stuff THKS

Fifth Axis May 16, 2019 5:55am | Post# 42429

Gap closed at 12.114

2be May 16, 2019 6:28am | Post# 42430

1 Attachment(s)
Gap closed at 12.114
dax has been good especially after Xetra - London open, often the case.
Of the daily pivot a good move of over 160 pips, 0.618 R was a reasonable PT for the session so far.
Time for intra day fibs of that move and poss reload later on
Stochastics and TDI well in agreement (esp on M5 and M15 TFs), now time to wait for the US session
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littspaniard May 16, 2019 12:37pm | Post# 42431

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shorts dow
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littspaniard May 16, 2019 1:57pm | Post# 42432

shorts dow {image}
stop at even

littspaniard May 16, 2019 3:14pm | Post# 42433

2 Attachment(s)
{quote} stop at even
nice trade 4*80=+320

although not completly happy, i could close the trade with goods profits a couple a hours before.
As Has ben said..gap close,
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2be May 17, 2019 10:36am | Post# 42434

1 Attachment(s)
another sgnifact moveon DOW to close the gap, trailing stop in place, PT 25930
Will tighten trailing stop at round 25900
Good weekend to all,
2be
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2be May 17, 2019 10:56am | Post# 42435

another sgnifact moveon DOW to close the gap, trailing stop in place, PT 25930 Will tighten trailing stop at round 25900 Good weekend to all, 2be {image}
Tghtening traling stop to 10 pip from 25885
Reason, Daily R at 25877, USD index is hgh, strong USD
Have to leave trading room soon
Might close above 25900

2be May 17, 2019 10:57am | Post# 42436

closing all positions at 25920
original PT reached!, closed 10 pips below that, have to live with that LOL
Good pips on the last trade of this week, the span of just below 300 pips from US open so far, grabbed 280 of them ( staggerred longs as it went up, I do not add the pips of the whole multentry position)
Time to have fun relaxing with friends and family.

Good weekend to all,
2be

slowbrain May 18, 2019 1:15am | Post# 42437

1 Attachment(s)
Really bad day Friday .... ouch .... especially in the afternoon on Dow....
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Fifth Axis May 20, 2019 6:21am | Post# 42438

Dax taking a nose dive ? Why ?

2be May 20, 2019 8:53am | Post# 42439

I am expeting DAX to follow DOW for a while, expecting ITD L later today or prefarably tomorrow, than longs will be my preferred options.
DOW is well below FRI close, there is a possibility that DOW will create intersession GAP too. Fed Chair Powell speaks tonight, there also are othe higier impact speaches before Powel, which might produce high vola, and poss close the gap/s. If not DOW might move ofter session close, so I shall establish market orders, if that scenario appears. I any case from late tomorrow for the rest of the week I shall investigate longs in favour of the shorts, which I still hold, but protected. just in case,
It will be an interesting US session, and PA shall clrear the way for the rest of this week.
Lower DOW goes before POwell speaks the better for the clarity.
We shall see, what is blatantly obvoius usually is very dangerous, (in trading).

Good day to all!

Added content 5.25 pm BST
Attention and correction, Thanks to Sixer attention to detail, even if my Delta count is correct, (which is questionable) I have deliberately not deleted the previous post, so my mistake can be seen and corrected.

I have misread the date for ITD L as coming tomorrow, and it is coming on Thursday or before if MTD2 is correct.

Short positions have been covered by trailing Stop, but I didn't go long, esp on DOW for the GAP closure, the move currently in play on DOW

Sixer May 20, 2019 9:30am | Post# 42440

2 Attachment(s)
2be,

are you sure that your ITD Low date for the DAX is correct ??

Sixer

Edit:
The Delta dates are more accurate than Copan`s Matrix.

The Nikkei Elliott count of WaveTrack since the May High doesn`t confirm your outlook too.
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