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Carpe diem: Intraday tactics for Dax and Dow

  • #37,561
  • Jan 17, 2018 5:21am Jan 17, 2018 5:21am
short 13227 SL-10
  • #37,562
  • Jan 17, 2018 5:27am Jan 17, 2018 5:27am
Quoting Wachturm
short 13227 SL-10
SL at b/e now
  • #37,563
  • Jan 17, 2018 5:37am Jan 17, 2018 5:37am
Quoting Wachturm
short 13227 SL-10
closed now at 13203 ( +24 )
  • #37,564
  • Jan 17, 2018 5:38am Jan 17, 2018 5:38am
Quoting 2be
{quote} TS at 13240 hit will establish shorts again below 13230
TS established at 13210
Going for gap close on DOW, it might assist dax shorts
Make sure losses are small and profits are bigger!
  • #37,565
  • Jan 17, 2018 5:39am Jan 17, 2018 5:39am
Quoting Wachturm
{quote} closed now at 13203 ( +24 )
well done!!!
Make sure losses are small and profits are bigger!
  • #37,566
  • Jan 17, 2018 5:40am Jan 17, 2018 5:40am
Quoting 2be
{quote} TS established at 13210 Going for gap close on DOW, it might assist dax shorts
TS hit
Make sure losses are small and profits are bigger!
  • #37,567
  • Jan 17, 2018 5:40am Jan 17, 2018 5:40am
Quoting 2be
{quote} TS established at 13210 Going for gap close on DOW, it might assist dax shorts
What gap is that?
  • #37,568
  • Jan 17, 2018 5:44am Jan 17, 2018 5:44am
thanks 2be !
  • #37,569
  • Jan 17, 2018 5:55am Jan 17, 2018 5:55am
Quoting SunTrader
{quote} What gap is that?
Hi ST

any ideas about the Dow today?

if it drops I would like to buy 25885 / 25850
  • #37,570
  • Edited 6:06am Jan 17, 2018 5:56am | Edited 6:06am
Quoting SunTrader
{quote} What gap is that?
there are times that the "Pit Trading platforms) are close, for indices these levels are important as the PA often returns to these levels.
I always have at least one chart with these levels clearly displayed as different colours lines and also in labels indicate these levels for a given instrument.

For DOW, FTSE and FX I use London Open and Close and US Open and Close
For Dax I add Frankfurt Open and Frankfurt, as Zurich closes at that same time as the US CloseAttachment g
Attached Image (click to enlarge)
Click to Enlarge Name: US M30 VSA 2018-01-17_135109.png Size: 98 KB
Make sure losses are small and profits are bigger!
  • #37,571
  • Jan 17, 2018 6:08am Jan 17, 2018 6:08am
Quoting 2be
{quote} there are times that the "Pit Trading platforms) are close, for indices these levels are important as the PA often returns to these levels. I always have at least one chart with these levels clearly displayed as different colours lines and also in labels
Sorry I see lines but no gaps. Unless you are talking about minuscule 1 and 2 tick ones?

If that is the case those are ones you are looking at and very few others. BTW my live to the tick chart has no open gaps. Even from the Friday close to Sun night open.
  • #37,572
  • Jan 17, 2018 6:14am Jan 17, 2018 6:14am
Quoting SunTrader
{quote} Sorry I see lines but no gaps. Unless you are talking about minuscule 1 and 2 tick ones? If that is the case those are ones you are looking at and very few others. BTW my live to the tick chart has no open gaps. Even from the Friday close to Sun night open.
dow closed at 25798.8 yesterday evening
anything above or below this close creates a gap
US pit time opens at at 2;30 London time "pit time " is an old term, but is useful anyway

in today's case take the current price level and subtract from it the us close at 25798.5 and than you have the current size of the gap
Gaps can be filled in completely, or partly
Very large gaps might not be filled in due to some tectonic market movements usually based on fundamentals
Attached Image (click to enlarge)
Click to Enlarge Name: DOW Gap 2018-01-17_141145.png Size: 71 KB
Make sure losses are small and profits are bigger!
  • #37,573
  • Jan 17, 2018 6:42am Jan 17, 2018 6:42am
Riding the shorts on DAX and
DOW
Gap is closing on DOW
Make sure losses are small and profits are bigger!
  • #37,574
  • Jan 17, 2018 6:44am Jan 17, 2018 6:44am
Quoting 2be
{quote} dow closed at 25798.8 yesterday evening anything above or below this close creates a gap US pit time opens at at 2;30 London time "pit time " is an old term, but is useful anyway in today's case take the current price level and subtract from it the us close at 25798.5 and than you have the current size of the gap Gaps can be filled in completely, or partly Very large gaps might not be filled in due to some tectonic market movements usually based on fundamentals.
For you "over there" but not here where Dow is based (minute bars red arrow prior day close / blue arrow new day open) small minor incidental gap closed immediately:
Attached Image (click to enlarge)
Click to Enlarge Name: YM openclose.png Size: 32 KB
  • #37,575
  • Jan 17, 2018 6:44am Jan 17, 2018 6:44am
Quoting 2be
Riding the shorts on DAX and DOW Gap is closing on DOW
closing shorts on BOTH
just in case
Make sure losses are small and profits are bigger!
  • #37,576
  • Jan 17, 2018 6:59am Jan 17, 2018 6:59am
Quoting SunTrader
{quote} For you "over there" but not here where Dow is based (minute bars red arrow prior day close / blue arrow new day open) small minor incidental gap closed immediately: {image}
Hi SunTrader,
Charts that I have posted are displaying DOW futures, a derivative of the real DOW witch trades during "Pit Time"
In the first 30 minutes of the US open I managed to get just over 70 pips (trading US 30 futures)
Make sure losses are small and profits are bigger!
  • #37,577
  • Jan 17, 2018 7:13am Jan 17, 2018 7:13am
Quoting 2be
{quote} Hi SunTrader, Charts that I have posted are displaying DOW futures, a derivative of the real DOW witch trades during "Pit Time" In the first 30 minutes of the US open I managed to get just over 70 pips (trading US 30 futures)
Ok so you are looking at a chart only displaying traditional pit time hours. My chart is of the Dow futures covering complete 24 hour globex period. IMO not a good thing to be watching just pit action in this roaring bull market. Gaps can stand open for a looooong time. But what do I know.
  • #37,578
  • Jan 17, 2018 7:54am Jan 17, 2018 7:54am
short 25909 SL-10 TP57
  • #37,579
  • Jan 17, 2018 8:00am Jan 17, 2018 8:00am
SL hit -10
  • #37,580
  • Jan 17, 2018 8:02am Jan 17, 2018 8:02am
Quoting Wachturm
short 25909 SL-10 TP57
same again
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