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Swing Trades DAX/DOW/NQ/GOLD

  • #3,641
  • Aug 30, 2019 10:46am Aug 30, 2019 10:46am
Quoting Pip-hunter
{quote} Hey 3 day holidays is coming they need some cash to spend poor people
It was more... fill your belly with little fish now and after the weekend we swim up again with well feed belly's
It's better to be out wishing to be in... than to be in wishing to be out!
  • #3,642
  • Aug 30, 2019 10:48am Aug 30, 2019 10:48am
Done for the Month of August. Was a very nice trading Month again.

Have a good Weekend and stay grrrreeeeennnnnn
It's better to be out wishing to be in... than to be in wishing to be out!
  • #3,643
  • Aug 30, 2019 10:49am Aug 30, 2019 10:49am
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  • #3,644
  • Aug 30, 2019 11:02am Aug 30, 2019 11:02am
Dow was up 1,150 pts from Monday's low to this morning's high at 10:00 GMT ( 06:00 in New York).

It then traded sideways in a 50 pts range for 3 1/2 hours till the New York Open - anyone think some SM was banking into their long weekend ?? - aka distribution

After NYO price was unable to get above the bottom of that sideways action and after a further hour in another 50 pts range, sold off sharply to make a new low for today.

IMO, only the brave ( aka crazy ) would want to hold anything more than a small position over this long weekend.

SunDowners time here - have a great weekend - the last one in the main holiday period.
Trading Levels with WRBs
  • #3,645
  • Edited 11:36am Aug 30, 2019 11:18am | Edited 11:36am
Next Week DOW chart
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It's better to be out wishing to be in... than to be in wishing to be out!
  • #3,646
  • Aug 30, 2019 11:23am Aug 30, 2019 11:23am
Next Week DAX chart

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It's better to be out wishing to be in... than to be in wishing to be out!
  • #3,647
  • Edited 9:10pm Sep 1, 2019 2:43am | Edited 9:10pm
China’s factory activity shrinks for 4th month as trade woes deepen
The Purchasing Managers’ Index (PMI) fell to 49.5 in August, China’s National Bureau of Statistics said on Saturday, versus 49.7 in July, below the 50-point mark that separates growth from contraction on a monthly basis.


The trade war has already cost electronics companies $10 billion and it gets worse on Sept. 1

  1. The U.S.-China trade war is expected to enter into a new phase starting this Sunday that will start hitting consumers’ wallets.
  2. That means that when an electronics company imports a TV, smart speaker or a drone from China starting September 1, it will have to pay a 15% tax to the U.S. government.
  3. Even leading American companies like Apple aren’t safe from the tariffs — Apple’s AirPods and Apple Watch will get caught up in this round of tariffs.


Trump’s 15% tariffs on $112 billion in Chinese goods take effect

  1. The Trump administration’s latest round of tariffs on Chinese imports took effect early Sunday, potentially raising prices Americans pay for some clothes, shoes, sporting goods and other consumer goods.
  2. The 15% taxes apply to about $112 billion of Chinese imports.
  3. More than two-thirds of the consumer goods the United States imports from China now face higher taxes.
  4. The 15% U.S. taxes apply to about $112 billion of Chinese imports. All told, more than two-thirds of the consumer goods the United States imports from China now face higher taxes. With prices of many retail goods now likely to rise, the Trump administration’s move threatens the U.S. economy’s main driver: consumer spending.


China starts to impose additional tariffs on some US goods

  1. China on Sunday started to impose additional tariffs on some of the US goods on a $75-billion target list, with effect from 4:01 a.m. GMT.
  2. The extra 5% and 10% tariffs were levied on 1,717 items of a total of 5,078 products originating from the United States.


A trade war with Europe would be larger and more damaging than Washington’s dispute with China

  1. Data from the Office of the U.S. Trade Representative shows that in 2018, the U.S. imported $683.9 billion of EU goods and $557.9 billion from China.
  2. However, looking at U.S. exports, these reached $574.5 billion to Europe and only $179.2 billion to China. These figures included both goods and services.

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Asia trade lower as new US-China trade tariffs go into effect

  1. Stocks in Asia slipped in Monday morning trade as the latest round of U.S. and China tariffs kicked into effect over the weekend.
  2. A private survey on China’s manufacturing sector is due at 9:45 a.m. HK/SIN on Monday. Official data released over the weekend showed factory activity in China shrinking for the fourth month in a row in August.
  3. A planned general strike in Hong Kong on Monday will also be watched, following another round of fresh protests that occurred in the city over the weekend.

It's better to be out wishing to be in... than to be in wishing to be out!
  • #3,648
  • Sep 1, 2019 3:57am Sep 1, 2019 3:57am
What do you think DD, gap up or down at open.... I felt a sleep Friday and left a position open... Stupid me... Haha.... Luckily it's just a smal position... But anyway still don't like to hold over the weekend...
  • #3,649
  • Sep 1, 2019 4:20am Sep 1, 2019 4:20am
Quoting Patje
What do you think DD, gap up or down at open.... I felt a sleep Friday and left a position open... Stupid me... Haha.... Luckily it's just a smal position... But anyway still don't like to hold over the weekend...
If you should trade for a prop shop it is forbidden to keep positions open during the Weekend.

No idea how Monday morning will look like. (half Day US trading as well)

Markets behave against any logic thinking this summer and during the whole Trump administration in fact.
It's better to be out wishing to be in... than to be in wishing to be out!
  • #3,650
  • Sep 1, 2019 4:29am Sep 1, 2019 4:29am
Quoting Dutchy Daxy
{quote} If you should trade for a prop shop it is forbidden to keep positions open during the Weekend. No idea how Monday morning will look like. (half Day US trading as well) Markets behave against any logic thinking this summer and during the whole Trump administration in fact.
Been the first time it happened..... Stupid me..... I don't have a clue what will be on Monday... Have to wait and see.... BTW did you watched telly this week... Kees vd spek tried to chase the scam soarfx... Was quite a interesting episode.., usually I don't watch the show....
  • #3,651
  • Sep 1, 2019 4:38am Sep 1, 2019 4:38am
Quoting Patje
{quote} Been the first time it happened..... Stupid me..... I don't have a clue what will be on Monday... Have to wait and see.... BTW did you watched telly this week... Kees vd spek tried to chase the scam soarfx... Was quite a interesting episode.., usually I don't watch the show....
No. Haven't seen that. There are many cowboys in this business
It's better to be out wishing to be in... than to be in wishing to be out!
  • #3,652
  • Sep 2, 2019 8:33am Sep 2, 2019 8:33am
NQ SH 7660.5
T1 +5p 2 lot
2 running
T2 +7p 1 lot
1 running
FLAT +17/18p @ ETH POC

@ Today VWAP @ 7650 now
ETH POC @ 7640



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It's better to be out wishing to be in... than to be in wishing to be out!
  • #3,653
  • Edited 8:57am Sep 2, 2019 8:44am | Edited 8:57am
DOW
Swing Long above 26.450 Bullish so far
Scalp shorts below 26.250 or 26.200 old Weekly POC level. Trgt maybe Thursday TPO GAP fill 26.150<>26.050
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  • #3,654
  • Edited 9:24am Sep 2, 2019 8:48am | Edited 9:24am
NQ price between my Swing MA lines. I wait for aBreak out above/ below the Swing MA channel

Swing Long above 7700 (Ichi cloud and Swing MA lines)
Scalp/Swing Short below 7630/25 down to last Weekly POC @ 7575 and 7600 Thursday TPO GAP
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  • #3,655
  • Sep 2, 2019 10:10am Sep 2, 2019 10:10am
Quoting Dutchy Daxy
Next Week DAX chart {image} {image}
Hi DD, on the post 3646, there is a short moment around Aug 27th, where both YM60 and YM100 print below their swing MA and the cloud. Would this be a false short signal for swing traders?

If a swing trader took short there, he gets stopped out, and again goes long as price crosses above the swing MA, and then he adds more position as price passes also above the ichi, right?


Cheers,
Sasha
  • #3,656
  • Sep 2, 2019 10:50am Sep 2, 2019 10:50am
Quoting shh
{quote} Hi DD, on the post 3646, there is a short moment around Aug 27th, where both YM60 and YM100 print below their swing MA and the cloud. Would this be a false short signal for swing traders? If a swing trader took short there, he gets stopped out, and again goes long as price crosses above the swing MA, and then he adds more position as price passes also above the ichi, right? Cheers, Sasha
I think you refer to the crossing of the price over the Yellow line.
The yellow line is the Kijun line of the Ichimokou and is not the Swing T3 MA line.


The Swing MA line is the Red/Green dotted T3 MA line.
The T3 Swing MA line is changing color when the price is crossing that line.
Green/price above the T3 MA line.
Red/price below the T3 MA ine

On the screenshots in the post 3646 you can see that the price is still far away from the Red/Green T3 Swing MA line.
The price is also above the Ichimoku cloud, so there the market is VERY Bullish.

Condition for a Swing Long is:
A. price break out above the Ichi cloud. (Renko bars turn into green color)
B. price cross of the Swing MA T3 line. (the T3 MA line turns green after being crossed by the price)

Please read page 1 again of this thread. I reviced it again to make it more clear how my strategy works
It's better to be out wishing to be in... than to be in wishing to be out!
  • #3,657
  • Sep 2, 2019 10:50am Sep 2, 2019 10:50am
DOW is filling the Thursday Daily and TPO GAP now

Quoting Dutchy Daxy
DOW Swing Long above 26.450 Bullish so far Scalp shorts below 26.250 or 26.200 old Weekly POC level. Trgt maybe Thursday TPO GAP fill 26.150<>26.050 {image}
A Swing CFD short is triggered @ 26.250
Price dropped Below the Ichi cloud (RE bars turned into red) and Below the Swing MA line (MA line turned into red)

Target down/GAP fill is 26.050 zone

T1 +100p
2 lot running/SL BE
1 lot closed +35p
1 running/SL BE

My Swing MA line is still poitning up and the price is on top of my Swing MA line.
The Ichi cloud is stll above the Swing MA line, so as long as the price remains on top/around or above the Swing MA line I consider the DOW as still Bullish.

This down move looks like a little tech correction to fill the TPO GAP. Maybe a SL squeeze at the same time.

As long as the price moves between my Swing MA line and the Ichi cloud its chop zone.
We need a serious break out below the Swing MA line or a break out above the Ichi cloud.

The H&S pattern was confirmed by a break out below the Ichi cloud.

Quote from page 1:

Bullish trend & Bearish short term counter move means contradicting signals. Scalping down against the Bullish Swing flow/trend.
Attached Images
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  • #3,658
  • Sep 2, 2019 11:26am Sep 2, 2019 11:26am
Quoting Dutchy Daxy
{quote} I think you refer to the crossing of the price over the Yellow line. The yellow line is the Kijun line of the Ichimokou and is not the Swing T3 MA line. The Swing MA line is the Red/Green dotted T3 MA line. The T3 Swing MA line is changing color when the price is crossing that line. Green/price above the T3 MA line. Red/price below the T3 MA ine On the screenshots in the post 3646 you can see that the price is still far away from the Red/Green T3 Swing MA line. The price is also above the Ichimoku cloud, so there the market is VERY Bullish....
Hey DD, the screenshot (YM100) on #3646 is strongly bullish on Aug 30, as you suggest. On the same screenshot, if you please check, 25800 levels (on Aug 28th), price crossed below everything. So, looks like a technical swing short. So, we short, we get stop out, then price crosses back above the swing lines, we go long, we add more positions as price continues up and passes above the Ichi, right?


Edit: I think your post 3658 gives my answer. "My Swing MA line is still pointing up". So, the example I asked you above would be a much stronger short, if the MA swing lines were also pointing down.
  • #3,659
  • Edited 11:53am Sep 2, 2019 11:42am | Edited 11:53am
Quoting shh
{quote} Hey DD, the screenshot (YM100) on #3646 is strongly bullish on Aug 30, as you suggest. On the same screenshot, if you please check, 25800 levels (on Aug 28th), price crossed below everything. So, looks like a technical swing short. So, we short, we get stop out, then price crosses back above the swing lines, we go long, we add more positions as price continues up and passes above the Ichi, right? Edit: I think your post 3658 gives my answer. "My Swing MA line is still pointing up". So, the example I asked you above would be a much stronger...
Here is a detailed screen shot of Aug 28.

Price crossed all lines as you say. Correct. This happened during the EU morning when I'm correct.

If you go short on this (more detailed) smaller brick sized PA chart, you could go short @ between 750 and 700
Price went down to approx 620.

So with your first lot(s) you can bank 20 up to 100p. (Depends on your entry point)
Last lot BE after 20/30p profit of the first lot(s) and if the price pops again as it did (false break out) you don't have to lose any money.

Is this the entry place/time you asking about?
Attached Image (click to enlarge)
Click to Enlarge Name: YM D.png Size: 59 KB
It's better to be out wishing to be in... than to be in wishing to be out!
  • #3,660
  • Edited 12:07pm Sep 2, 2019 11:46am | Edited 12:07pm
Quoting Dutchy Daxy
{quote} Here is a detailed screen shot of Aug 28. Price crossed all lines as you say. Correct. If you go short on this (more detailed) smaller brick sized PA chart, you could go short @ between 750 and 700 Price went down to approx 620. So with your first lot(s) you can bank 20 up to 100p. (Depends on your entry point) Last lot BE after 20/30p profit of the first lot(s) and if the price pops again as it did (false break out) you don't have to lose any money. Is this the entry place/time you asking about? {image}
For entries I use this smaller brick size PA chart. More detailed.
Once in a trade I will watch the bigger brick size Renko chart like a RE 60 or 100 for the DOW

Thats why I always try to have my MA lines price levels on the same levels as good as possible.
It's better to be out wishing to be in... than to be in wishing to be out!
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