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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

L 25,250
Quoting ilhaner
L 25,250
closed 25,424
L 25,421

SL at BE

SL hit

Reloaded 25,437
Long 25405
Quoting ilhaner
L 25,421 SL at BE SL hit

Reloaded 25,437
Added 25,425

TP 25,625

Added 25,405
Out for +220, market might rise further today, will take more scalps on PBs.

Volume was bullish yesterday and fairly significant which means this is supported... but it's still so way over extended and needs a drop.
Quoting Neogenesis
Out for +220, market might rise further today, will take more scalps on PBs. Volume was bullish yesterday and fairly significant which means this is supported... but it's still so way over extended and needs a drop.
Another 500 - 750 point surge on the cards as the protests fizzle out. I think buying pullbacks aggresively until 26,500 would be a good strategy. Elections are 5 months away and Trump will do everything to keep this up.

Every now and then some negative china news will come out to dump and it will recover quickly just like the last trade war saga.
Quoting ilhaner
Added 25,425 TP 25,625 Added 25,405
TP HIT

Closed only half though , aiming for 26k
Quoting ilhaner
{quote} Another 500 - 750 point surge on the cards as the protests fizzle out. I think buying pullbacks aggresively until 26,500 would be a good strategy. Elections are 5 months away and Trump will do everything to keep this up. Every now and then some negative china news will come out to dump and it will recover quickly just like the last trade war saga.
The market is getting complacent and horrible Q2 data will start to trickle through in the next few weeks. Euphoria is usually met with some crushing blows but let's see!

When the S&P is above it's 200MA I feel comfortable playing.

I have a big allocation in Tesla - it's doing very well and I hope they're enrolled in the S&P shortly.
L 25,555

Quoting Neogenesis
horrible Q2 data
I think data is not relevant anymore. Apparently it takes something more than 50% drop in gdp for a crash.
You saw the bounce off support on the 15min, me too

Low risk long entry for me too in the same area. Bought some more Tesla too!
Quoting ilhaner
L 25,555 {quote} I think data is not relevant anymore. Apparently it takes something more than 50% drop in gdp for a crash.
Oh for sure - absolutely agree on that.

Nothing really matters in this market from a fundamentals perspective right now. Fed have blown reality completely out of the window. However, when the market becomes a little too euphoric and retail start building their long positions, that's precisely when the carefully coordinated articles will be released by the media on Q2 data, China, Corona... whatever best suits the agenda to stop everyone out and establish some equilibrium.

I can see retail long interest is growing and we're overdue a drop, let's see. Timing the market is never an exact science as everyone knows.
Closed all longS 25,618
If fundamentals were reliable then all stock markets would be tanking IMO, but with all the printed money its being kept artifically up. I was expecting more of a retrace before a new move up.

I was stopped out both my trades yesterday at 25425 so only 400 point or so profits on those last ones.

I have entered a new short here at 25672 more on a gut feel tbh than anything on price action, will watch low time frames see if theres any joy.
If there is some joy would target level around London and Asian open.
L 25,645
Closed 1/3 position at 100 pip profit, other 2/3s currently underwater 60 pips.

Big pump at the end of the session 150 pips or so will have taken a number of stops out there.
Quoting Neogenesis
You saw the bounce off support on the 15min, me too Low risk long entry for me too in the same area. Bought some more Tesla too!
Out for around 200+ points. I wouldn't be surprised if this rises again during the Asian session but not holding any risk, prefer to be flat overnight.
Quoting el_duende
Closed 1/3 position at 100 pip profit, other 2/3s currently underwater 60 pips. Big pump at the end of the session 150 pips or so will have taken a number of stops out there.
If it finishes near its high then it should pull back overnight/tomorrow.
Quoting Neogenesis
If it finishes near its high then it should pull back overnight/tomorrow.
If trump keeps his mouth shut, pullback london open then off to 26k. 25,650 -26,000+ tomorrow range.
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