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Carpe diem: Intraday tactics for Dax and Dow

  • #34,901
  • Oct 9, 2017 9:37am Oct 9, 2017 9:37am
Quoting medici
.... These days, trading isn't as intellectually stimulating anymore, and I've discovered that I do as well with just a moving average with Bollinger and Keltner channels around it, and then a faster moving average - such as in the H1 chart posted earlier. Then one may add longer term averages, and an oscillator, but that's not strictly necessary. That's all I use these days.
If I could add my 2 cents to the above. Why do you a 100 SMA on an hourly chart?

Why not 96 or 120, multiples of 24, representing daily cycles. I realize 96 is not that far off 100. But when I use MA's (which is rarely) I use a length based on the time frame - such as 12 on a 5 minute chart representing a one hour period etc. Seems more sensible. No? Also the crowd uses 50, 100, 200 and trading with crowd is not where I want to be.
  • #34,902
  • Oct 9, 2017 9:42am Oct 9, 2017 9:42am
short @12967 sl -10 tp 30

oh, tha's quick,.ty

sl -5
Trade what you see not what you think,..happy trading
  • #34,903
  • Oct 9, 2017 9:42am Oct 9, 2017 9:42am
Quoting SunTrader
{quote} If I could add my 2 cents to the above. Why do you a 100 SMA on an hourly chart? Why not 96 or 120, multiples of 24, representing daily cycles. I realize 96 is not that far off 100. But when I use MA's (which is rarely) I use a length based on the time frame - such as 12 on a 5 minute chart representing a one hour period etc. Seems more sensible. No? Also the crowd uses 50, 100, 200 and trading with crowd is not where I want to be.
Maybe because I'm simple-minded, and maybe a lot of simple-minded people use the same - at least, the charts seem to indicate that.

On 5 or 1 minute charts I'd go with your idea, however, and use SMA60 and SMA15 on a 1 minute chart, for example.
  • #34,904
  • Oct 9, 2017 9:44am Oct 9, 2017 9:44am
Quoting deltaone
{quote} thx for the lecture. i know of dark pools. you are right that volume shifted and that this will continue under MiFID II. as far as i know, the volume-share of them is 1/3 in the usa and 10% in europe (equities). based on this, eurex is not the whole thing but the most important part. will do some research on this the next days and let you know.
Thank you. I look forward to hearing from you. I have thought about asking my IG client manager about this, but I just haven't bothered as yet.
  • #34,905
  • Oct 9, 2017 9:45am Oct 9, 2017 9:45am
Quoting medici
{quote} Thank you. I look forward to hearing from you. I have thought about asking my IG client manager about this, but I just haven't bothered as yet.
you´re welcome. will do so.
fortis fortuna adiuvat
  • #34,906
  • Oct 9, 2017 10:01am Oct 9, 2017 10:01am
Quoting SunTrader
{quote} Also the crowd uses 50, 100, 200 and trading with crowd is not where I want to be.
Seems ok to me. Where would you rather be?

Dax daily chart.
Attached Image (click to enlarge)
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  • #34,907
  • Oct 9, 2017 10:20am Oct 9, 2017 10:20am
longs
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: 2017-10-09_171932.png Size: 15 KB
The only constant is change
  • #34,908
  • Oct 9, 2017 10:21am Oct 9, 2017 10:21am
last one - long @12.968,2 sl -10
fortis fortuna adiuvat
  • #34,909
  • Oct 9, 2017 10:23am Oct 9, 2017 10:23am
Quoting FxIpMan
Sold dow 22753 cfd Sl 15 Tp 55
Out -15
  • #34,910
  • Oct 9, 2017 10:28am Oct 9, 2017 10:28am
Quoting deltaone
last one - long @12.968,2 sl -10
no. out. +-0 joyless start of the week. happens - next...
fortis fortuna adiuvat
  • #34,911
  • Oct 9, 2017 10:30am Oct 9, 2017 10:30am
Quoting deltaone
{quote} no. out. +-0 joyless start of the week. happens - next...
lol - and than that candle

have a nice evening.
fortis fortuna adiuvat
  • #34,912
  • Oct 9, 2017 10:31am Oct 9, 2017 10:31am
Quoting Pattrader
short @12967 sl -10 tp 30 oh, tha's quick,.ty sl -5
sl hit -5

new short @12977 sl -10 tp30
Trade what you see not what you think,..happy trading
  • #34,913
  • Oct 9, 2017 10:34am Oct 9, 2017 10:34am
Quoting deltaone
{quote} thx for the lecture. i know of dark pools. you are right that volume shifted and that this will continue under MiFID II. as far as i know, the volume-share of them is 1/3 in the usa and 10% in europe (equities). based on this, eurex is not the whole thing but the most important part. will do some research on this the next days and let you know.
Actually the number is 1/3 (well, a little bit more) for the exchanges (NYSE & Nasdaq)...the trend is clear...

And with blockchain technology, the centralised matching of orders is no longer needed....exchanges going peer-to-peer....but that will take some time, methinks, if it happens at all.
Attached Image (click to enlarge)
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  • #34,914
  • Oct 9, 2017 11:12am Oct 9, 2017 11:12am
Quoting Pattrader
{quote} sl hit -5 new short @12977 sl -10 tp30
sl -5
Trade what you see not what you think,..happy trading
  • #34,915
  • Oct 9, 2017 11:18am Oct 9, 2017 11:18am
Quoting Pattrader
{quote} sl -5
sl +1
Trade what you see not what you think,..happy trading
  • #34,916
  • Oct 9, 2017 12:34pm Oct 9, 2017 12:34pm
Quoting littspaniard
longs {image} {image}
stop loss hit 5*-12=-60 points
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The only constant is change
  • #34,917
  • Oct 9, 2017 1:18pm Oct 9, 2017 1:18pm
Quoting medici
{quote} Seems ok to me. Where would you rather be? Dax daily chart. {image}
LOL I should of "kept my mouth" because I mentioned I rarely use them anymore, but when I do its to trade against those who do you.
Although when I did on, for example, a daily chart I used multiples of 5 (a trading week), on a weekly multiples of 13 (1/4 year), on a monthly multiples of 12. Obviously on a daily multiples of 5 will get you 50, 100 and 200. The de rigueur of the crowd. Personally see little value in doing that. How do you know when a MA will reverse price and when it won't? And with lengths of 100 and 200 the opportunities sure don't come often.

But in any case it was just a suggestion.
  • #34,918
  • Oct 9, 2017 1:20pm Oct 9, 2017 1:20pm
Quoting medici
{quote} Actually the number is 1/3 (well, a little bit more) for the exchanges (NYSE & Nasdaq)...the trend is clear... And with blockchain technology, the centralised matching of orders is no longer needed....exchanges going peer-to-peer....but that will take some time, methinks, if it happens at all. {image}
Isn't that just stocks?

I haven't heard talk of off exchange (CME or ICE) trading of futures here in the U.S.A.
  • #34,919
  • Oct 9, 2017 1:28pm Oct 9, 2017 1:28pm
Quoting SunTrader
{quote} Isn't that just stocks? I haven't heard talk of off exchange (CME or ICE) trading of futures here in the U.S.A.
Yes, just stocks for the US market.
  • #34,920
  • Oct 9, 2017 1:31pm Oct 9, 2017 1:31pm
Quoting SunTrader
{quote} LOL I should of "kept my mouth" because I mentioned I rarely use them anymore, but when I do its to trade against those who do you. Although when I did on, for example, a daily chart I used multiples of 5 (a trading week), on a weekly multiples of 13 (1/4 year), on a monthly multiples of 12. Obviously on a daily multiples of 5 will get you 50, 100 and 200. The de rigueur of the crowd. Personally see little value in doing that. How do you know when a MA will reverse price and when it won't? And with lengths of 100 and 200 the opportunities...
Thanks.

As to your question, one knows it after price has reversed, as seen from an hourly or faster chart. At least, that's how i approach ir.
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