Carpe diem: Intraday tactics for Dax and Dow | Page 1815 | Forex Factory

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Carpe diem: Intraday tactics for Dax and Dow

  • #36,281
  • Nov 15, 2017 7:32am Nov 15, 2017 7:32am
afk for a while.
fortis fortuna adiuvat
  • #36,282
  • Nov 15, 2017 7:35am Nov 15, 2017 7:35am
Quoting vlady1974
After a long phone call, Long @ 12896 Edit: stops to 0.01% profit
Stopped out +4
A pip is only worth it if you know how much you risked to earn it
  • #36,283
  • Nov 15, 2017 7:40am Nov 15, 2017 7:40am
Long @ 12883
A pip is only worth it if you know how much you risked to earn it
  • #36,284
  • Nov 15, 2017 7:42am Nov 15, 2017 7:42am
Quoting vlady1974
Long @ 12883
Well that reversed pretty quickly. Closed + 4
Lunch
A pip is only worth it if you know how much you risked to earn it
  • #36,285
  • Nov 15, 2017 8:09am Nov 15, 2017 8:09am
I dont like to buy in that area right now, smells like a fake higher low, could take out todays low and then recover to the upside ( 12965 area ) ... lets see

edit: DAX
  • #36,286
  • Nov 15, 2017 8:23am Nov 15, 2017 8:23am
longs 12878 ,sl 12870
The only constant is change
  • #36,287
  • Nov 15, 2017 8:32am Nov 15, 2017 8:32am
Quoting littspaniard
longs 12878 ,sl 12870
stop loss hit 5*-8=-40 point
The only constant is change
  • #36,288
  • Nov 15, 2017 8:47am Nov 15, 2017 8:47am
I missed the drop. But it's printed a higher low on the 5MIN and a lower top that, if broken, creates a new trend.
This has all the setups of a completed 5th wave.

As an Elliot Wave counter, I view this as important.
Wave I goes down, Wave II goes up (this is what we want now)
Wave III goes down a long way, Wave IV goes up, Wave V goes down and ends.

Wave I, III and V goes down in 5 waves.
Wave II and IV goes up in ABC (3 waves).

So I do see this as a Long opportunity, in 3 waves (A (higher high) B (lower) C (higher high)).
A pip is only worth it if you know how much you risked to earn it
  • #36,289
  • Nov 15, 2017 8:47am Nov 15, 2017 8:47am
Quoting Wachturm
I dont like to buy in that area right now, smells like a fake higher low, could take out todays low and then recover to the upside ( 12965 area ) ... lets see edit: DAX
Probably a legit HL now.
  • #36,290
  • Nov 15, 2017 8:49am Nov 15, 2017 8:49am
Quoting vlady1974
I missed the drop. But it's printed a higher low on the 5MIN and a lower top that, if broken, creates a new trend. This has all the setups of a completed 5th wave. As an Elliot Wave counter, I view this as important. Wave I goes down, Wave II goes up (this is what we want now) Wave III goes down a long way, Wave IV goes up, Wave V goes down and ends. Wave I, III and V goes down in 5 waves. Wave II and IV goes up in ABC (3 waves). So I do see this as a Long opportunity, in 3 waves (A (higher high) B (lower) C (higher high)).
That will be on the 4 hr?

Edit: Looking at Dow and Nasdaq, the drop may not be over yet.
  • #36,291
  • Nov 15, 2017 8:56am Nov 15, 2017 8:56am
Quoting EddyL
{quote} That will be on the 4 hr? Edit: Looking at Dow and Nasdaq, the drop may not be over yet.
4H yes, or 1H.
When you zoom out, it can span days/weeks which is good for context.

Attached Image (click to enlarge)
Click to Enlarge Name: DAX.png Size: 113 KB
A pip is only worth it if you know how much you risked to earn it
  • #36,292
  • Nov 15, 2017 9:05am Nov 15, 2017 9:05am
Quoting EddyL
{quote} Probably a legit HL now.
yes, missed low by 8 ticks
  • #36,293
  • Nov 15, 2017 9:14am Nov 15, 2017 9:14am
Pivot is a potential target.
Attached Image (click to enlarge)
Click to Enlarge Name: DAX.png Size: 162 KB
A pip is only worth it if you know how much you risked to earn it
  • #36,294
  • Nov 15, 2017 9:22am Nov 15, 2017 9:22am
Buy the dip seems to be the trend in the US session.

Dow has resistance at 23292, 23296, 23300, 23308.

Dax might get to 12954.

But things looking like it might drop again.
  • #36,295
  • Nov 15, 2017 9:23am Nov 15, 2017 9:23am
buy 12915 SL-10 TP 50

edit: SL at b/e

edit2: SL at +6
  • #36,296
  • Nov 15, 2017 9:28am Nov 15, 2017 9:28am
long @23.281 sl -20 tp +60
fortis fortuna adiuvat
  • #36,297
  • Nov 15, 2017 9:36am Nov 15, 2017 9:36am
Quoting deltaone
long @23.281 sl -20 tp +60
sl = be now.
fortis fortuna adiuvat
  • #36,298
  • Nov 15, 2017 9:38am Nov 15, 2017 9:38am
Quoting PariCovek
Buy the dip seems to be the trend in the US session. Dow has resistance at 23292, 23296, 23300, 23308. Dax might get to 12954. But things looking like it might drop again.
If it breaks 23308, then 23339, 23373 and 23410, but not sure. anything is possible.

The trend is clear, sell in European session, and buy in US session. Not sure why the case, must be a divergence in appetite from Fund Managers in different regions, or certain Central Banks at play... not sure.
  • #36,299
  • Nov 15, 2017 9:41am Nov 15, 2017 9:41am
Quoting Wachturm
buy 12915 SL-10 TP 50 edit: SL at b/e edit2: SL at +6
closed 12947 ( + 32 )
  • #36,300
  • Nov 15, 2017 9:45am Nov 15, 2017 9:45am
Quoting PariCovek
{quote} If it breaks 23308, then 23339, 23373 and 23410, but not sure. anything is possible. The trend is clear, sell in European session, and buy in US session. Not sure why the case, must be a divergence in appetite from Fund Managers in different regions, or certain Central Banks at play... not sure.
agreed, this is an intra-pattern these days. a little bit against intuition as long as german stocks are cheaper than the us ones. maybe trumps tax plan versus german forming of a government - who knows...
fortis fortuna adiuvat
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