Carpe diem: Intraday tactics for Dax and Dow

sl-4

1st pos 12676 sl +10

2nd pos 12665 sl+1

2nd pos 12665 sl -5

edit 1st pos 12676 sl +2
edit 2nd pos 12665 sl -10


ps was maybe a little to quick,.
for sure

long @22.301 sl -20 tp +60

i´ve studied trumps tax plan (thx, bullseye). beside the pa/level, it´s the reasoning for my long position.
might explain it later.

Joined you

sl 2nd pos hit -10

remainder sl 1st pos hit +7

Watching play,.

Glad I joined you D1

I'm am outttttt.
Dow +22

Thank s Pat and D1
I am out for the day.
Keep it a winner.

my view on trumps tax plan (i´ve studied taxes):

2 main questions:

1) is the tax plan good for america?
2) is it likely it will pass?

ad 1) yes!

although my attitude towards trump should be clear to everyone on ff, this does not effect my analysis. it´s about making money, the rest is irrelevant.

the four principles follow a clear, economically well-founded mindset (relative to other advanced economies and absolut to the american people.
main problems of the us tax system are adressed correctly. all in all, the plan shows a lot of similarities to german tax law: zero tax brackets for the working class. tax tarrifs with a few tax brackets. child tax brackets. no death tax. we all have it here. good for small business enterprises. protecting us tax base with regard to multinationals. bringing back off-shore capital is fair and taxation of the huge amount will not only bring capital back but has the potential of refinancing the tax cuts due to a broder tax base (same is true for eliminating/limiting tax deductabel items). very well!

2) yes! first reason: see 1). second reason: the majority of all american representatives are millionaires. how should they vote against their individual economic interest while it´s also economical good for the us in total? can´t see a reason, it´s a win-win-situation. so it´s likely to pass.

while typing a book. tp hit. +60

you´re welcome. just follow the oracle of berlin

You killed it D1

long 22.351 sl -20 tp +60

I am not 100% sure the current published framework will get passed even if there was detail to what has been outlined today. If you look below at what Tax reforms Trump announced in his election campaign to where he is now, there is a big difference. Given what has been published today, represents approximately $1.5 Trillion in lost revenue over the next 10 years he is going to have scale back what he wants to do further to meet the fiscal constraints in Congress. So the end result from what he initially proposed to what actually gets passed is worlds apart. Just my own personal thoughts thats all.

trump on the mic in a few mins. maybe (beside all maga-rhetoric) he will outline some more details on his plan. crazy-hour

I have a feeling it has been delayed until 21:20 CET D1, although i could well be wrong.

sl = -10 now.

sl = be now.