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Carpe diem: Intraday tactics for Dax and Dow

  • #42,421
  • May 15, 2019 7:28am May 15, 2019 7:28am
Quoting 2be
DAX Market order long @ 11895
adding lots to this position at 11905
Make sure losses are small and profits are bigger!
  • #42,422
  • May 15, 2019 7:31am May 15, 2019 7:31am
Quoting danc
long {image}
stopped minus a few
  • #42,423
  • May 15, 2019 7:55am May 15, 2019 7:55am
will open position at the opening of Dow in 35 mn ....
trying to make everyday the best risk/reward decisions possible
  • #42,424
  • May 15, 2019 9:23am May 15, 2019 9:23am
Quoting 2be
DAX Market order long @ 11895
all posirions closed on dax above 12125
all positind closed on dow in below 25520 zone
all trades closed by market trailing stops
Make sure losses are small and profits are bigger!
  • #42,425
  • May 15, 2019 12:56pm May 15, 2019 12:56pm
DAX and DOW - perspective
DOW
possible ITD 2 L on DOW
There is still GAP on DOW sessions which is not completely closed, though almost closed
DOW Monthly (White) Weekly (Blue and crimson) and Daily (Yellow) pivots perspective was helpful, spot the confluence
Week data from US was of extreme help to day
On US I also use volume and volume candles, volume candles set to 444, 2224 and 6672, charts not posted
Please observe the accumulated session volume and ATR, come to your own conclusions!
The move to the last session close and above once again gave some guidance.

DAX

There is a gap still to close on DAX, but the action today has followed US indices
Volume and volume candles were of great assistance, for DAX I use 233. 233x4= 932 and 932 x 4= 3728
Again sessions accumulated volume (XFRA and XERTA are joint together as one session) and ATR
Close of last XETRA session was helpful
Monthly, weekly and Daily pivots were of assistance, notice the confluence

This is not a complete list of things I consider trading indices, however without too much boring details all of the above I find useful, today's session included.
I do not post many calls and live trades as I find it too destructive, though from time to time I do it very selectively

Overall it was a good day on DAX and DOW
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: DAX Sessions 2019-05-15_181735.png Size: 92 KB
Click to Enlarge Name: DOW Cassh Pivots 2019-05-15_165122.png Size: 62 KB
Click to Enlarge Name: DAX Cash PIVOTS 2019-05-15_165015.png Size: 65 KB
Make sure losses are small and profits are bigger!
  • #42,426
  • May 15, 2019 1:31pm May 15, 2019 1:31pm
Quoting 2be
DAX and DOW - perspective DOW possible ITD 2 L on DOW There is still GAP on DOW sessions which is not completely closed, though almost closed DOW Monthly (White) Weekly (Blue and crimson) and Daily (Yellow) pivots perspective was helpful, spot the confluence Week data from US was of extreme help to day On US I also use volume and volume candles, volume candles set to 444, 2224 and 6672, charts not posted Please observe the accumulated session volume and ATR, come to your own conclusions! The move to the last session close and above once again gave...
2BE

i see on your chart London and NY open close , did you find any frequency distrubution of a pattern ?
trying to make everyday the best risk/reward decisions possible
  • #42,427
  • May 15, 2019 2:02pm May 15, 2019 2:02pm
Quoting slowbrain
{quote} 2BE i see on your chart London and NY open close , did you find any frequency distrubution of a pattern ?
These session closes are very important to me, used them also when I was actively trading fx pairs, but for indices they are also important, though slightly differently played with. No blindly going for this particular type of the gap closure, There is usually a reaction towards it, often surpassing it like today, depending where indice is in the cycle, and other trend related issues. Just over 70% of these gaps have sgnificant closure, though some might have a signficant partial closure. VSA and pivots are also useful, and interpreting the news and the play between different indices is also important.
if the gap to the last session close is very large at the session opening, and gets larger fast, one needs to be patient, it is usually then that intra session gaps are created, these gaps are eventually filled also.
I mark these ntra session gaps, they are indeed very useful.
This morning relatively good data release from Europe and on good data DAX went down, to a nice pivot clusters, at the US data release, week data, and both indices went eventually up from well eatablished possible R (on DOW at least) and DAX followed DOW.
I hope I answered your question to some extend.
Make sure losses are small and profits are bigger!
  • #42,428
  • May 15, 2019 7:29pm May 15, 2019 7:29pm
Quoting 2be
DAX and DOW - perspective DOW possible ITD 2 L on DOW There is still GAP on DOW sessions which is not completely closed, though almost closed DOW Monthly (White) Weekly (Blue and crimson) and Daily (Yellow) pivots perspective was helpful, spot the confluence Week data from US was of extreme help to day On US I also use volume and volume candles, volume candles set to 444, 2224 and 6672, charts not posted Please observe the accumulated session volume and ATR, come to your own conclusions! The move to the last session close and above once again gave...


GREAT Stuff THKS
  • #42,429
  • May 16, 2019 4:55am May 16, 2019 4:55am
Gap closed at 12.114
Whatever the mind can conceive, the mind can believe, the mind can achieve.
  • #42,430
  • May 16, 2019 5:28am May 16, 2019 5:28am
Quoting Fifth Axis
Gap closed at 12.114
dax has been good especially after Xetra - London open, often the case.
Of the daily pivot a good move of over 160 pips, 0.618 R was a reasonable PT for the session so far.
Time for intra day fibs of that move and poss reload later on
Stochastics and TDI well in agreement (esp on M5 and M15 TFs), now time to wait for the US session
Attached Image (click to enlarge)
Click to Enlarge Name: DAX M152019-05-16_112158.png Size: 55 KB
Make sure losses are small and profits are bigger!
  • #42,431
  • May 16, 2019 11:37am May 16, 2019 11:37am
shorts dow
Attached Image (click to enlarge)
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The only constant is change
  • #42,432
  • May 16, 2019 12:57pm May 16, 2019 12:57pm
Quoting littspaniard
shorts dow {image}
stop at even
The only constant is change
  • #42,433
  • May 16, 2019 2:14pm May 16, 2019 2:14pm
Quoting littspaniard
{quote} stop at even
nice trade 4*80=+320

although not completly happy, i could close the trade with goods profits a couple a hours before.
As Has ben said..gap close,
Attached Image(s) (click to enlarge)
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The only constant is change
  • #42,434
  • May 17, 2019 9:36am May 17, 2019 9:36am
another sgnifact moveon DOW to close the gap, trailing stop in place, PT 25930
Will tighten trailing stop at round 25900
Good weekend to all,
2be
Attached Image (click to enlarge)
Click to Enlarge Name: DOW today 2019-05-17_153005.png Size: 57 KB
Make sure losses are small and profits are bigger!
  • #42,435
  • May 17, 2019 9:56am May 17, 2019 9:56am
Quoting 2be
another sgnifact moveon DOW to close the gap, trailing stop in place, PT 25930 Will tighten trailing stop at round 25900 Good weekend to all, 2be {image}
Tghtening traling stop to 10 pip from 25885
Reason, Daily R at 25877, USD index is hgh, strong USD
Have to leave trading room soon
Might close above 25900
Make sure losses are small and profits are bigger!
  • #42,436
  • May 17, 2019 9:57am May 17, 2019 9:57am
closing all positions at 25920
original PT reached!, closed 10 pips below that, have to live with that LOL
Good pips on the last trade of this week, the span of just below 300 pips from US open so far, grabbed 280 of them ( staggerred longs as it went up, I do not add the pips of the whole multentry position)
Time to have fun relaxing with friends and family.

Good weekend to all,
2be
Make sure losses are small and profits are bigger!
  • #42,437
  • May 18, 2019 12:15am May 18, 2019 12:15am
Really bad day Friday .... ouch .... especially in the afternoon on Dow....
Attached Image
trying to make everyday the best risk/reward decisions possible
  • #42,438
  • May 20, 2019 5:21am May 20, 2019 5:21am
Dax taking a nose dive ? Why ?
Whatever the mind can conceive, the mind can believe, the mind can achieve.
  • #42,439
  • Edited 11:32am May 20, 2019 7:53am | Edited 11:32am
I am expeting DAX to follow DOW for a while, expecting ITD L later today or prefarably tomorrow, than longs will be my preferred options.
DOW is well below FRI close, there is a possibility that DOW will create intersession GAP too. Fed Chair Powell speaks tonight, there also are othe higier impact speaches before Powel, which might produce high vola, and poss close the gap/s. If not DOW might move ofter session close, so I shall establish market orders, if that scenario appears. I any case from late tomorrow for the rest of the week I shall investigate longs in favour of the shorts, which I still hold, but protected. just in case,
It will be an interesting US session, and PA shall clrear the way for the rest of this week.
Lower DOW goes before POwell speaks the better for the clarity.
We shall see, what is blatantly obvoius usually is very dangerous, (in trading).

Good day to all!

Added content 5.25 pm BST
Attention and correction, Thanks to Sixer attention to detail, even if my Delta count is correct, (which is questionable) I have deliberately not deleted the previous post, so my mistake can be seen and corrected.

I have misread the date for ITD L as coming tomorrow, and it is coming on Thursday or before if MTD2 is correct.

Short positions have been covered by trailing Stop, but I didn't go long, esp on DOW for the GAP closure, the move currently in play on DOW
Make sure losses are small and profits are bigger!
  • #42,440
  • Edited 8:51am May 20, 2019 8:30am | Edited 8:51am
2be,

are you sure that your ITD Low date for the DAX is correct ??

Sixer

Edit:
The Delta dates are more accurate than Copan`s Matrix.

The Nikkei Elliott count of WaveTrack since the May High doesn`t confirm your outlook too.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: D-DAX-17.5.19.gif Size: 57 KB
Click to Enlarge Name: EW-Nikkei(60)-17.5.19.png Size: 150 KB
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