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Carpe diem: Intraday tactics for Dax and Dow

  • #9,821
  • Jun 26, 2015 6:56am Jun 26, 2015 6:56am
Quoting Decu33
http://news.forexlive.com/!/eurozone...ilout-20150626 so even if a deal is struck this weekend, no money to be received until the parliament approves it, which probably has to happen before June 30th...
Will be approved on Sunday. And then drag the matter till 2016. It's nice we are getting free money, if they could only deposit it to my trading account
  • #9,822
  • Jun 26, 2015 7:33am Jun 26, 2015 7:33am
Quoting sakisf
{quote} Will be approved on Sunday. And then drag the matter till 2016. It's nice we are getting free money, if they could only deposit it to my trading account
  • #9,823
  • Jun 26, 2015 8:16am Jun 26, 2015 8:16am
Got out of everything for the weekend. Some small profits (messed up with aud, nzd, jpy and lost half of it there) but at least dow gave back something
  • #9,824
  • Jun 26, 2015 9:14am Jun 26, 2015 9:14am
Quoting cat
To me this is going nowhere atm, so I'm off on a bike ride. Hopefully I'll have some Dow pips by the time I return ( though that's not looking all that promising right now) Have a great weekend all
100 to be exact, and now definitely over and out, and sakisf, I don't know why you bother with all those forex pairs. See you all Monday.
  • #9,825
  • Jun 26, 2015 9:26am Jun 26, 2015 9:26am
Quoting cat
{quote} 100 to be exact, and now definitely over and out, and sakisf, I don't know why you bother with all those forex pairs. See you all Monday.
Just scalping in areas of interest, have finished tradesense today and now sp & dax requirements are a bit high, so trying to raise more through dow, ftse & fx scalps before getting into the two. Cya
  • #9,826
  • Jun 26, 2015 10:24am Jun 26, 2015 10:24am
Quoting sakisf
{quote} You are missing some 10 points action Cya ps. how do you manage these 3 sec charts, they are madness. dax on the 10 sec though looks nice. {image}
They look messy, but 3 secs is fine if you use the MAs to enter the trade, and you can really pin down your entries on this TF, especially trading the Dax which moves so much faster than anything else. It works best for entering a trending market after a pullback.
  • #9,827
  • Jun 26, 2015 10:26am Jun 26, 2015 10:26am
Quoting sakisf
{quote} Will be approved on Sunday. And then drag the matter till 2016. It's nice we are getting free money, if they could only deposit it to my trading account
You wouldn't need a trading account if they did
  • #9,828
  • Jun 27, 2015 9:00am Jun 27, 2015 9:00am
Anyone brave enough to take a call on how much lower we're gonna open on Monday!
  • #9,829
  • Jun 27, 2015 9:44am Jun 27, 2015 9:44am
Quoting Amahesh
Anyone brave enough to take a call on how much lower we're gonna open on Monday!
I am sad I didn't open a short on friday while 11500+ and having the news about the referendum a few minutes before market closing. But spread was gonna kill me anyway. Gonna be fun to watch, maybe it's good not to trade next two weeks anything other than unimportant currencies (cad,nzd).
  • #9,830
  • Jun 27, 2015 10:15am Jun 27, 2015 10:15am
Quoting Amahesh
Anyone brave enough to take a call on how much lower we're gonna open on Monday!
But what is going to be down, the euro or the dax or both on your thinking ?

The last price I saw, about 10pm BST, 9pm GMT was about 11535, so they parked it near the day's high. Presumably there was buying interest after-hours until the last charts stopped.
  • #9,831
  • Jun 27, 2015 10:23am Jun 27, 2015 10:23am
Quoting wiseambition
{quote} But what is going to be down, the euro or the dax or both on your thinking ? The last price I saw, about 10pm BST, 9pm GMT was about 11535, so they parked it near the day's high. Presumably there was buying interest after-hours until the last charts stopped.
Given the current inverse relationship between the DAX and the euro id expect both. There will be some panic selling, but I'm gonna wait till IGs Sunday charts open up to get a better view of how far down the DAX is likely to go.
  • #9,832
  • Edited 12:32pm Jun 27, 2015 10:31am | Edited 12:32pm
Quoting Amahesh
{quote} Given the current inverse relationship between the DAX and the euro id expect both. There will be some panic selling, but I'm gonna wait till IGs Sunday charts open up to get a better view of how far down the DAX is likely to go.
Thanks for your clear reasonings.

I happen to be sitting on a small short position, only just because I thought by about 2000 GMT it was too risky to leave, after having seen emails from 2 brokers about the chance of margin calls, I tried to close out and go to cash but the broker I have been only using for 10 days would not close the trade even though the chart was running.....

I hope you're right and perhaps I can still sleep tonight then!


From Bloomberg. Saturday afternoon:


Europe’s markets face a torrid start to trading on Monday after Greek Prime Minister Alexis Tsipras called for a referendum on demands international creditors made on his nation in return for financial aid.
Tsipras called the vote for July 5 -- after the scheduled expiration of Greece’s financial bailout -- and ministers including the Greek defense chief urged the country to reject it. With the nation’s membership of the euro area in jeopardy, the decision to hold a public vote may jolt investors into action after confidence had grown in euro-area markets that the aid talks would be successful.
German bunds will probably rally on haven demand, while equities are likely to decline with bonds of so-called peripheral euro-area nations, according to Beat Siegenthaler, a senior investment adviser at UBS Group AG in Zurich. The euro may be stable or even strengthen, he wrote in an e-mailed note.
“Markets will likely go into risk-aversion mode on Monday,” Siegenthaler wrote. “Until last night there had been a strong consensus that a deal would be reached over the weekend. The new situation following the Tsipras’ announcement is a much worse outcome than expected.”
Further twists in the Greek debt crisis are possible before the end of the weekend. Finance chiefs from the 19 nations that use the euro met in Brussels to discuss Greece’s predicament. And the European Central Bank may have to consider how to proceed with the emergency funds that the country’s banks rely on for survival, after cash withdrawals started draining bank ATMs in Athens.
-------------------------------------------------------------------------------------

Afterthought:
Of course things could change before Monday morning. The government could collapse or they change their mind, the first is more likely, but it doesn't look like they can meet their obligations on Tuesday

Let's not be surprised to see a 200 pip drop in equities...............
  • #9,833
  • Jun 28, 2015 5:01am Jun 28, 2015 5:01am
Down 550 to 11000 right now.
  • #9,834
  • Edited 6:01am Jun 28, 2015 5:40am | Edited 6:01am
IG index are showing Dax off -450pts so far. I'm not touching this either way at these levels.
Forex rules
  • #9,835
  • Jun 28, 2015 7:17am Jun 28, 2015 7:17am
hmms.. i plan to long scalp.. counter trade... may have a chance..
why is it that some of you can see what's happening on the futures over weekend?.. isn't the market closed?
  • #9,836
  • Jun 28, 2015 8:01am Jun 28, 2015 8:01am
Quoting belgeran
hmms.. i plan to long scalp.. counter trade... may have a chance.. why is it that some of you can see what's happening on the futures over weekend?.. isn't the market closed?
Yes central exchanges are indeed closed, but there is a grey market, and it's currently quoting about 11100 with a bid offer spread of about 40 ( at 1300GMT)

I don't think there will be many buyers around with all this mess going on, it's not looking good, and so easily will give up last week's gains. Last week's gains were mainly due to optimism, all of which has been blown away now, and the only optimism likely to come back into the equation soon I would say is only going to be opinion polls saying the Greek populace agree to the creditors' demands
  • #9,837
  • Jun 28, 2015 8:35am Jun 28, 2015 8:35am
Quoting wiseambition
{quote} Yes central exchanges are indeed closed, but there is a grey market, and it's currently quoting about 11100 with a bid offer spread of about 40 ( at 1300GMT) I don't think there will be many buyers around with all this mess going on, it's not looking good, and so easily will give up last week's gains. Last week's gains were mainly due to optimism, all of which has been blown away now, and the only optimism likely to come back into the equation soon I would say is only going to be opinion polls saying the Greek populace agree to the creditors'...
how can we see the grey market quotes?
practising coitus interruptus
  • #9,838
  • Jun 28, 2015 10:36am Jun 28, 2015 10:36am
telavivie decline in the stock exchanges on Sundays wide -2% Bluechips banks 1.8% to 3%
  • #9,839
  • Jun 28, 2015 12:12pm Jun 28, 2015 12:12pm
[quote=sakisf;8348060]{quote} Cya ps. how do you manage these 3 sec charts, they are madness.

'3 second madness '- great name for a new thread
  • #9,840
  • Jun 28, 2015 12:22pm Jun 28, 2015 12:22pm
Greece is destroying the DAX. People just need to move on. The country barely accounts for the EUs GDP.

Anyone see it going much lower?
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