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

deltaone Sep 28, 2014 2:46pm | Post# 1

this thread is dedicated to the daytraders of dax and dow, scalpers are welcome.

rule no. 1) posting trades after they are closed is an absolute no go (like "i got long this morning, hours later i made profit.")
rule no. 2) if you have a trade idea, please be so kind and post long entry/short entry, sl and tp before entering the market or within minutes after doing so.
rule no. 3) make sure that it is clear for others which market you are trading (cash or future), and which instrument you are using (cfds/futures/options).
rule no. 4) please state a reason for your trade idea. charts are welcome, but not a must.

although the focus of this thread is on the mentioned indices above, trade ideas related to their components are also welcome, especially when they are event-driven.

good luck - viel erfolg!

Edit: when i started „carpe diem – intraday tactics for dax and dow“ in 2014 as an interactive trading thread , it had two objectives:

1) leading by example in order to prove that consistent profitable daytrading is possible.
2) to see other traders live trade calls.

it was never intended to be a trading system thread nor a trading dicsussion one. although iīm not a fan of long postings and not in the education business, i know for sure that my way of trading inspired other traders – and a handful of them influenced me vice versa. this thread has more than 10 million views.
i donīt know any other member with more live trade calls on ff (correct me if iīm wrong). over the years, iīve received many pmīs with questions. some questions where intelligent, others not.
in any case, this is not a trading manual cause there are many ways to do daytrading.

to whom it may concern:

1) basics

the real traders here are rare. most of them, esp. the hindsight gurus either post with a big time lag and/or only winners. others are hiding their huge drawdowns. those members see their membership here like a second life financial avatar in order to find compensation for their lousy lifes irl in form of likes/subscribers. they need attraction and they want followers to hail and praise them day in and out, posting on weekends, even on holidays. many use retail tools designed for retail fools (like mt4/mt5) and believe in foolish trading techniques like martingales or what they call „hedging“ = being long and short in the same underlying with the same instrument at the same time which is no hedging in professional terms.
advice: stay away from 100% win rate liars and martingale freaks or hedging maniacs. no professional trader is doing so. be careful when you see a guru stopping his non-stop posting (like f.e. Davit), followed by silence or soap stories, especially with posted open positions: no smoke without fire!
specialise on one market and learn as much as possible about the specifics: which news/fundamentals drive this market, at which times high volume is generated. which are the main players. are there special events that repeat over time etc.

2) broker/entries and exits/money management

a) chose a well regulated broker, at best one where you can use your stocks portfolio as a collateral for your margin trading. take a look at broker reviews. avoid brokers that offer bonus for deposit. stay away from low regulated offshore brokers. be sure your deposit is secured by a protection sceme. donīt use extreme high leverage even if itīs offered.
b) entries are by nature technical for a daytrader - beside big news. levels of interest i use: todays open/yesterdays high/low/close, daily pivots, brns. candle stick patterns on 1m/5m chart. bulkowskis work might be helpful. no spoon-feeding here: if you are eager to learn more, read my post on carpe diem. as long as price is above 200d-line, your bias should be bullish.
c) use only money for your trading that you can loose without any harm of your every day life and long term financial goals. use a maximum loss budget for the day (f.e. -5% of your trading capital) and the week (f.e. -10%). stop trading for the day/week if budget is reached. all orders should have at minimum a hard sl at the beginning. try to avoid open orders before big news release if you donīt know much about economics. taking event-risk is not a job for newbies. start with a sl that equals lets say 1% per trade in order to protect your trading capital and to survive shocks/black swan events. set tp with a good rrr like -10/+30, -20/+60. close all orders at the end of the trading day: next day, new chances! if you feel the heat of a loosing position or a bad run, your position might be too big for your mental strength – you should reduce size. if you are in a bad situation, ask yourself if you would enter the same trade at actual price level again because your scenario is still valid. if not, close it.

hope that helps…

deltaone Sep 29, 2014 2:40am | Post# 2

good morning,

xetra-close 26.09.: 9490,55
fdax-close: 26.09.9541,00 fdax-opening 9514,50
200d-line: 9557,67

r3 9663,6
r2 9605,5
r1 9570,6
p 9512,5
s1 9477,6
s2 9419,5
s3 9384,6

daily high on friday was below 200d-line, so i prefer shorts today. but if dax can take out p in xetra-session, 200d-line could be a target to aim at.

deltaone Sep 29, 2014 4:08am | Post# 3

placing two pending orders:

short @9423,5 sl 9433,5 tp 9393,5 (sell daily low -1)
long @9513,5 sl 9498,5 tp 9558,5 (aiming at 200d-line)

Ata-Turkoglu Sep 29, 2014 4:38am | Post# 4

Hi brother.. wow you opened a new thread on intraday basis? Great idea.. I am definitely in

Viel Erfolg für Dich auch

Happy Trades

hjs69 Sep 29, 2014 4:43am | Post# 5

Hi

This is so cool for starting up this. Where we can exchange ideas on the Dax & Dow.

mattkirby Sep 29, 2014 4:44am | Post# 6

Good morning,

nice a thread especially for the DAX. The most important Point for DAX today (cash) in my eyes is midres1 at 9478,5. So decicion for direction is going to be made now in the next minutes......

tunera Sep 29, 2014 4:49am | Post# 7

1 Attachment(s)


a little bit counter trend but.. possible
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deltaone Sep 29, 2014 4:54am | Post# 8

hi all,

iīm glad to see some activity here. thanks to everybody for the warm response

mattkirby Sep 29, 2014 5:18am | Post# 9

1 Attachment(s)
Good morning, nice a thread especially for the DAX. The most important Point for DAX today (cash) in my eyes is midres1 at 9478,5. So decicion for direction is going to be made now in the next minutes......
2 nice 20 Point moves from this Point to visit important Price Points above / below..........


Click to Enlarge

Name: dax2.png
Size: 57 KB

Danku Sep 29, 2014 6:12am | Post# 10

Way to Go Deltaone,

Count me in. The Pivots, hope they will be a daily gift here.

Cheers and Happy Ticks

good morning, xetra-close 26.09.: 9490,55 fdax-close: 26.09.9541,00 fdax-opening 9514,50 200d-line: 9557,67 r3 9663,6 r2 9605,5 r1 9570,6 p 9512,5 s1 9477,6 s2 9419,5 s3 9384,6 daily high on friday was below 200d-line, so i prefer shorts today. but if dax can take out p in xetra-session, 200d-line could be a target to aim at.

deltaone Sep 29, 2014 6:14am | Post# 11

{quote} 2 nice 20 Point moves from this Point to visit important Price Points above / below.......... {image}
yes. trying a long @ 9478,6 sl 9468,6 tp 9508,6 (from s1 -> p)

deltaone Sep 29, 2014 6:16am | Post# 12

Way to Go Deltaone, Count me in. The Pivots, hope they will be a daily gift here. Cheers and Happy Ticks {quote}
thanks, Danku. yes, they will be.

deltaone Sep 29, 2014 6:18am | Post# 13

{quote} yes. trying a long @ 9478,6 sl 9468,6 tp 9508,6 (from s1 -> p)
sl hit. -10

Iron Pawn Sep 29, 2014 6:44am | Post# 14

Hello deltaone, it has been a while. Just saw that you opened this thread. Well, good luck with it.

IP

Iron Pawn Sep 29, 2014 6:57am | Post# 15

1 Attachment(s)
This was a nice one.... FDAX. Shaved some off, left the rest at break even.
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deltaone Sep 29, 2014 7:00am | Post# 16

Hello deltaone, it has been a while. Just saw that you opened this thread. Well, good luck with it. IP
hi IP,

indeed - has been a while. thanks.

all the best
d1

deltaone Sep 29, 2014 7:20am | Post# 17

placing two pending orders: short @9423,5 sl 9433,5 tp 9393,5 (sell daily low -1) long @9513,5 sl 9498,5 tp 9558,5 (aiming at 200d-line)
pending short order got filled.

deltaone Sep 29, 2014 7:34am | Post# 18

sl hit. -10

danc Sep 29, 2014 8:03am | Post# 19

1 Attachment(s)
I am thinking this is a short but need it to break 9437 and all CCIs to turn down.. picture 15 min..
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Iron Pawn Sep 29, 2014 9:08am | Post# 20

1 Attachment(s)
This was a nice one.... FDAX. Shaved some off, left the rest at break even. {image}
Exit at 90 full points. Done for today... target was bit lower but it's ok. No need to sit for too long in front of the screen :-)
Click to Enlarge

Name: FDAX.PNG
Size: 25 KB

tunera Sep 29, 2014 9:16am | Post# 21

sl hit. -10
May i give you an advice in a very humble way (i'm sure you trade from some time and already know your stuffs in terms of trading).

I see you got stopped out 2 times (at -10 each), my humble advice is just try to avoid using stoplosses, especially little ones, in the long run they are an account killer! At least they are with me.

So.. no little stoplosses of course you better use them when trading counter trend, but if your trade goes in the trend direction then let the market breath without forcing you to take a loss in the process.

You would have to try the game of sell high buy low, and be prepared for some floating drawdown from time to time, so there is always some risk involved.
But, using a 10pips stoploss in the DAX (that move 160pips daily on average) is just a very difficult way of making money!

deltaone Sep 29, 2014 9:31am | Post# 22

{quote} May i give you an advice in a very humble way (i'm sure you trade from some time and already know your stuffs in terms of trading). I see you got stopped out 2 times (at -10 each), my humble advice is just try to avoid using stoplosses, especially little ones, in the long run they are an account killer! At least they are with me. So.. no little stoplosses of course you better use them when trading counter trend, but if your trade goes in the trend direction then let the market breath without forcing you to take a loss in the process. You...
hi tunera,

thanks for your polite and friendly advice.

sometimes itīs a very difficult way, sometimes itīs a very profitable way. over the several years iīm trading the dax intraday, the outcome on average is ok for me. i could have done better, thatīs true. i have a maximum loss rule of -50 points a day, if this is reached, i stop trading and wait for the next extra opening. so, at minimum i have three bullets left in the rifle

Ata-Turkoglu Sep 29, 2014 9:45am | Post# 23

Fdax (15 min.)

As long as price stays below 9465 I stay short..
If it wants to fall down more IMO 9432 could be retested first..

Happy Trades

tunera Sep 29, 2014 9:55am | Post# 24

{quote} hi tunera, thanks for your polite and friendly advice. sometimes itīs a very difficult way, sometimes itīs a very profitable way. over the several years iīm trading the dax intraday, the outcome on average is ok for me. i could have done better, thatīs true. i have a maximum loss rule of -50 points a day, if this is reached, i stop trading and wait for the next extra opening. so, at minimum i have three bullets left in the rifle
Ohh that's great then, i must say i've no experience on indices (done some trades on various indices from time to time during the years, but got burned most of the time).

Too much fast and large moves everyday compared to currencies, maybe the approach "fixed stoploss" is really the best one here

I'm still looking around to find out the best way to trade this instruments, so great to have a thread where to see how other people trade.. thanks!

Ata-Turkoglu Sep 29, 2014 11:36am | Post# 25

Fdax (15 min.) As long as price stays below 9465 I stay short.. If it wants to fall down more IMO 9432 could be retested first.. Happy Trades
As I mentioned ealier FDAX is still retesting 9432 and I am waiting with my short from 9492, till it gives up trying or till it climbs over 9463.. (The SL of my position is safely at 9466 and +26 points already guaranteed)

Happy Trades

deltaone Sep 29, 2014 11:42am | Post# 26

{quote} Ohh that's great then, i must say i've no experience on indices (done some trades on various indices from time to time during the years, but got burned most of the time). Too much fast and large moves everyday compared to currencies, maybe the approach "fixed stoploss" is really the best one here I'm still looking around to find out the best way to trade this instruments, so great to have a thread where to see how other people trade.. thanks!
youīre welcome. i had very bad experiences with taking overnight-risk and having no sl in 2008/2009... will never trade again without sl

deltaone Sep 29, 2014 11:47am | Post# 27

{quote} As I mentioned ealier FDAX is still retesting 9432 and I am waiting with my short from 9492, till it gives up trying or till it climbs over 9463.. (The SL of my position is safely at 9466 and +26 points already guaranteed) Happy Trades
comfortable position. iīm done with dax for today and switched to dow. atm daily pivot is the maximum there i guess. will wait for the 1h-candle close in order to get a better view...

http://td.md.it-finance.com/ProRealT...g&purpose=file

deltaone Sep 29, 2014 12:06pm | Post# 28

ok, bearish engulfing followed by three black crows on 1m timeframe:

short dow @ 17061, sl 17081 tp 17001

deltaone Sep 29, 2014 12:26pm | Post# 29

ok, bearish engulfing followed by three black crows on 1m timeframe: short dow @ 17061, sl 17081 tp 17001
sl = be now.

geomoon Sep 29, 2014 12:28pm | Post# 30

Hi deltaone,

Congrats on the new thread , that's Cool.....
Cheers

deltaone Sep 29, 2014 12:31pm | Post# 31

Hi deltaone, Congrats on the new thread , that's Cool..... Cheers
hi geomoon,

thanks!

cheers

deltaone Sep 29, 2014 12:34pm | Post# 32

stop is @ +10 now.

deltaone Sep 29, 2014 12:39pm | Post# 33

stop is @ +20 now.

deltaone Sep 29, 2014 1:18pm | Post# 34

stopped out. +20

deltaone Sep 29, 2014 2:23pm | Post# 35

dow crazy-hour ahead, everything is possible. will s1 hold? waiting...

http://td.md.it-finance.com/ProRealT...g&purpose=file

if h1 closes below s1, this would be a sign dow will move to daily low, i guess. also, psycho-level would be breached...

deltaone Sep 29, 2014 3:18pm | Post# 36

still daily p as a barrier for dow? switching to 1m binaries...

deltaone Sep 30, 2014 1:40am | Post# 37

good morning,

last trading day of the month and the quarter. dax is red on both time frames and is below 200d-line. my bias remains short.

xetra-close 29.9. 9422,91
fdax-close 29.9. 9430,00

Pivots:

r3 9699
r2 9622
r1 9522
p 9445
s1 9345
s2 9268
s3 9168

good luck!

cat Sep 30, 2014 3:07am | Post# 38

Good to see this new thread solely for the Dax and Dow, I shall contribute when and if I have anything useful to say. Take note of a very healthy looking diversion with MACD on the Dax H1 tf. I'm not long but I have a long bias for today, but, I need the price to come back somewhat, can't say exactly to where as I don't know how high this pop up will reach. I think pivot R1 will be a good sort of area to look to for any upside move, though could go higher - never really know with the Dax. Good luck.

deltaone Sep 30, 2014 3:14am | Post# 39

xetra gap closed. and now?

Haendlerin Sep 30, 2014 3:16am | Post# 40

I don't expect any bigger movement until 11am = CPI Eurozone


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