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Attachments: Carpe diem: Intraday tactics for Dax and Dow
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Carpe diem: Intraday tactics for Dax and Dow

Placed 1st buy out of 3-4 depends on price action
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If you trade like me, you'll be homeless and broke within a week.
TEXAS-2-STEP All Time Return: 17.1%
I am still shorting DOW from last few days.

The FTSE100 has taken a beating today, DOW looking like it will fall off a cliff. 22,500 not unreasonable,

FED where are you
Its just scary out there right now
Not sure what the gamma is on the S&P
But I know it was negative yesterday
Macro=Direction, Levels & Structure = Entry
Quoting Sironet
Placed 1st buy out of 3-4 depends on price action {image}
out for little loss
Quoting Sironet
{quote} out for little loss
Did you see some GREEN ?

If you trade like me, you'll be homeless and broke within a week.
TEXAS-2-STEP All Time Return: 17.1%
Quoting Erebus
{quote} Did you see some GREEN ?
Thought bears are getting out of steam, saw potential pullback before additional sell-off. Well that is a trading and i was mistaken.
Quoting el_duende
Closed 1/3 of short positions. Will let other 2/3 run to see if we break this 23500 barrier for the bears. Targets if it does 23350 / 23000
All targets hit, entered a long at 23k for a potential spike up. (don't plan to hold for much time)

Edit 50 points and out lol that was faster than expected.

Now sitting out until 2.30pm
Quoting Sironet
{quote} Thought bears are getting out of steam, saw potential pullback before additional sell-off. Well that is a trading and i was mistaken.
broken 23,000, where are the usual suspects?

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If you trade like me, you'll be homeless and broke within a week.
TEXAS-2-STEP All Time Return: 17.1%
Just entered long slightly below 23. Will see how it goes. Expect some rebound as stops probably were taken just below the line in the sand.
For my fallen angels.
Another continuation down today, holdings my longs average at 23.3
Closed out my trades yesterday when the market closed high. Knew it would be curtains when the market closed high in a bearish sell off - more room to sell into.

Frustrating, I was waiting for a drop and it never seemed to come.... until! Might go short today on a pullback of upwards momentum, it's rising a bit now. Good ol' bull trap.

I would love another c.20% drop, more money in ETFs...
Quoting Erebus
{quote} broken 23,000, where are the usual suspects? {image}
Who are the usual suspects, am I one?

I am here. Wins outweigh my losses so I don't mind - gotta take some losses. More frustrated that I was waiting for this drop and changed my conviction.

Throughout this recession I have been apportioning 80% into investments (it's the right time to invest while keeping some cash reserves) and 20% in the spot market. If I can sleep easy at night then my risk is ok...

As for Delta, he still walks out of this a multi millionaire. Will he care? Hmm probably not that much.
Quoting PianistYang
Another continuation down today, holdings my longs average at 23.3
Good luck to you - hope the market turns in your favour.

Seems like we are at key support on 4hr and could crash to 22.5k if this level is broken. But nobody really knows, fear is the driver again. One good article and fed pump and it's stonks to the moon!
Quoting SFundamental
Its just scary out there right now Not sure what the gamma is on the S&P But I know it was negative yesterday
In a pretty bad place now- fair bit a of neg gamma around at current prices
Macro=Direction, Levels & Structure = Entry
Quoting el_duende
I am still shorting DOW from last few days. The FTSE100 has taken a beating today, DOW looking like it will fall off a cliff. 22,500 not unreasonable, FED where are you
Cliff mode activated

My targets 22900 / 22750 / 22500
Took a short 22.9k
Quoting SFundamental
{quote} In a pretty bad place now- fair bit a of neg gamma around at current prices
Yeah... hey tomorrow could be messy, Friday sell offs. Let it rain blood!
Added another short 23022
Short 23050. Hope this goes down like Mary J. Blige!
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