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Carpe diem: Intraday tactics for Dax and Dow

  • #34,681
  • Oct 5, 2017 4:41am Oct 5, 2017 4:41am
Nice to see your charts - thanks
  • #34,682
  • Oct 5, 2017 4:41am Oct 5, 2017 4:41am
Quoting Jupiter
In the end... "Good traders use the same tools...!" As per 954 this morning.
Same number, but I doubt that we have the same tools...
  • #34,683
  • Oct 5, 2017 4:45am Oct 5, 2017 4:45am
One angle which gives hope for shorts is the situation on the daily.

Doji yesterday at the 5 ATR band from SMA50 and outside Bollinger 50.

And now below both yesterday's close and today's pivot.
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  • #34,684
  • Oct 5, 2017 4:46am Oct 5, 2017 4:46am
Quoting medici
{quote} Same number, but I doubt that we have the same tools...
Yes... I think so. But numbers talk and are the only thing that matters.
All the rest is interpretation or opinion.
Mother Market decides.
Winners on one side and losers on the other. At each and every tick.
  • #34,685
  • Oct 5, 2017 4:48am Oct 5, 2017 4:48am
Quoting Jupiter
But numbers talk and are the only thing that matters. All the rest is interpretation or opinion.
I beg to disagree. Tested and validated models are not interpretation or opinion. Nor are market-making algorithms.
  • #34,686
  • Oct 5, 2017 4:59am Oct 5, 2017 4:59am
Quoting medici
{quote} I beg to disagree. Tested and validated models are not interpretation or opinion. Nor are market-making algorithms.
Only with fraternal intentions... and with all the due respect to you and to all.
I beg you. Please note that in Italian "Interpretation" is not a bad word. And was not intended to...
Opinion is the "bad" word. LOL
  • #34,687
  • Oct 5, 2017 5:02am Oct 5, 2017 5:02am
Quoting Jupiter
{quote} Only with fraternal intentions... and with all the due respect to you and to all. I beg you. Please note that in Italian "Interpretation" is not a bad word. And was not intended to... Opinion is the "bad" word. LOL
Thank you. No offense taken.
  • #34,688
  • Edited 6:33am Oct 5, 2017 5:06am | Edited 6:33am
Quoting medici
{quote} I beg to disagree. Tested and validated models are not interpretation or opinion. Nor are market-making algorithms.
I don't want to unleash a massive debate on words, however there is something in both,

agree, models and validations as algos are based on "objective" facts or references,

interpretation can be subjective as well as objective, depending on the way the applicant applies.
opinion is very subjective so agree to put to rest.

Now,.. what if the data information the algos, models and valuations are based upon is not as "objective" clear and precise as we base it upon,...
hence becoming less objective, more subjective in the process no,..which could then lead it to be just another view or opinion,..

It's all in the eye of the beholder,.
take a look at quantum mechanics, based upon this principle,..

So without further discussion, "We are all wright",..
it's not about wright or wrong,

Main priority is to be/become profitable above anything else,..

Sorry couldn't resist to contribute vieuw, rant over, i'm back in cave now,.
Trade what you see not what you think,..happy trading
  • #34,689
  • Oct 5, 2017 5:07am Oct 5, 2017 5:07am
Perhaps it's not complicated?

Attached Image
  • #34,690
  • Oct 5, 2017 5:08am Oct 5, 2017 5:08am
happy to see this is still the place where members respect other points of view.
+ talk in a polite way.
traders look at the same thing and might see something totally different...
fortis fortuna adiuvat
  • #34,691
  • Oct 5, 2017 5:12am Oct 5, 2017 5:12am
Quoting Pattrader
{quote} I don't want to unleash a massive debate on words, however there is something in both, agree, models and validations as algo are based on "objective" facts or references, interpretation can be subjective as well as objective, depending on the way the applicant applies. opinion is very subjective so agree to put to rest. Now, what if the data information the algos, models and valuations are based upon is not as "objective" clear and precise as we base it upon,... hence becoming less objective, more subjective in the process no,.which could...
You've got a point, of course.

Models can be based on assumptions etc.

But when it comes to quantum mechanics it's not at all such that it's all in the eyes of the beholder. Rather, it's neither in the eyes of the beholder, nor in 'reality', but in both at the same time.

And the same goes for trading.
  • #34,692
  • Oct 5, 2017 5:20am Oct 5, 2017 5:20am
ok, thx

in cave, staying there,. ;-)

need to stay remain focused on trading for now

GLGT

this weeks Non farm prepping, is taking a lot of wind out of it still,
could even expect some surprises here and there,.
Trade what you see not what you think,..happy trading
  • #34,693
  • Oct 5, 2017 5:23am Oct 5, 2017 5:23am
lunch. afk for a while.
fortis fortuna adiuvat
  • #34,694
  • Oct 5, 2017 5:38am Oct 5, 2017 5:38am
4 hr chart taken a short 12942......stop above high
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  • #34,695
  • Oct 5, 2017 5:42am Oct 5, 2017 5:42am
Quoting derekw
{quote} SL = BE
SL moved to 12948 (+466 Pips)
  • #34,696
  • Oct 5, 2017 6:00am Oct 5, 2017 6:00am
Quoting Pattrader
{quote} sl -5
sl +1
Trade what you see not what you think,..happy trading
  • #34,697
  • Oct 5, 2017 6:00am Oct 5, 2017 6:00am
away for an hour or so....
  • #34,698
  • Oct 5, 2017 6:47am Oct 5, 2017 6:47am
Quoting Pattrader
{quote} sl +1
should stay below 12950 to remain bearish,..
Trade what you see not what you think,..happy trading
  • #34,699
  • Oct 5, 2017 6:53am Oct 5, 2017 6:53am
Quoting derekw
{quote} SL moved to 12948 (+466 Pips)
SL hit for +466 pips
  • #34,700
  • Oct 5, 2017 6:53am Oct 5, 2017 6:53am
Quoting deltaone
long @12.941 sl -10 tp +30
sl = be now.
fortis fortuna adiuvat
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