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Carpe diem: Intraday tactics for Dax and Dow

  • #44,841
  • Nov 20, 2019 10:52am Nov 20, 2019 10:52am
Quoting danc
closed it dont like it {image}
Never been a huge fan of MA crossovers but yours appear to be quite accurate/early. What type of MA are you using and what periods?

————
I opened a second long near Dax’s bottom and took profit. Letting the other one run, bit risky.

Is the Dax showing signs of slowing down? It was stagnating then broke short, negative news is being injected. I feel the bull run will only continue if the US-China deal is delivered.

The aggressive push up recently and violent move down feels like stop hunts in both directions, wipe everything out and create uncertainty before commencing a move down.
  • #44,842
  • Nov 20, 2019 12:02pm Nov 20, 2019 12:02pm
Where's deltaone? How's those longs going lol
  • #44,843
  • Nov 20, 2019 1:49pm Nov 20, 2019 1:49pm
Quoting empo990
Where's deltaone? How's those longs going lol
here i am. keeping them. itīs not over till the fat lady sings.
have a nice evening - everyone
fortis fortuna adiuvat
  • #44,844
  • Nov 20, 2019 1:58pm Nov 20, 2019 1:58pm
Same, I am keeping my one remaining long open.

Anyone recognise manipulation?

Reuters release article re trade uncertainty, citing that deal signature won’t happen this year - no official sources quoted. Market drops 1%. One hour later, US deputy trade secretary says deal remains hopeful and talks continue. Market on way to restoring losses.

Merely appears to be an attempt to create some more buying room for the institutions, in my humble opinion.

That said... not sure how much more buying I will be doing after this tranche until concrete news is released.
  • #44,845
  • Nov 20, 2019 1:58pm Nov 20, 2019 1:58pm
Quoting deltaone
{quote} here i am. keeping them. itīs not over till the fat lady sings. have a nice evening - everyone
  • #44,846
  • Nov 20, 2019 2:02pm Nov 20, 2019 2:02pm
Quoting deltaone
{quote} here i am. keeping them. itīs not over till the fat lady sings. have a nice evening - everyone
Hi Deltaone,
I was waiting for your posts in this with updates on DOW.

I would like to know which indicators you use for trading DOW ? Also Can you list your strategies trading with DOW and DAX?
  • #44,847
  • Nov 20, 2019 11:33pm Nov 20, 2019 11:33pm
Quoting forexrat
{quote} Hi Deltaone, I was waiting for your posts in this with updates on DOW. I would like to know which indicators you use for trading DOW ? Also Can you list your strategies trading with DOW and DAX?
good one
  • #44,848
  • Nov 21, 2019 1:32am Nov 21, 2019 1:32am
Taken shorts stop above rectangle 5 min
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  • #44,849
  • Nov 21, 2019 2:36am Nov 21, 2019 2:36am
out
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  • #44,850
  • Nov 21, 2019 5:17am Nov 21, 2019 5:17am
Quoting Neogenesis
{quote} Never been a huge fan of MA crossovers but yours appear to be quite accurate/early. What type of MA are you using and what periods? ———— I opened a second long near Dax’s bottom and took profit. Letting the other one run, bit risky. Is the Dax showing signs of slowing down? It was stagnating then broke short, negative news is being injected. I feel the bull run will only continue if the US-China deal is delivered. The aggressive push up recently and violent move down feels like stop hunts in both directions, wipe everything out and create...
Moving Avs ..MMMM no i dont use em much either..really i just put em on for show.. dont look at em much.. i mainly use the same as amyc.. its a thred on here some were.. hope this helps..notice you use the fundies a bit..i dont mainly cause i dont understand..em at all
  • #44,851
  • Nov 21, 2019 5:30am Nov 21, 2019 5:30am
5 min i long this..if it breaks above 92 i am gonna add..if it goes down to 62 am gonna buy a big bag full..dont follow me cause its only the blind leading the blind
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  • #44,852
  • Nov 21, 2019 5:48am Nov 21, 2019 5:48am
got a bag full going to bed
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  • #44,853
  • Nov 21, 2019 5:54am Nov 21, 2019 5:54am
1 hr chart marks are were i bought it..
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  • #44,854
  • Nov 21, 2019 9:55am Nov 21, 2019 9:55am
Quoting danc
{quote} Moving Avs ..MMMM no i dont use em much either..really i just put em on for show.. dont look at em much.. i mainly use the same as amyc.. its a thred on here some were.. hope this helps..notice you use the fundies a bit..i dont mainly cause i dont understand..em at all
Ah fair enough, re MAs I only really find the 200ema to be valuable.

Took another long Dax profit today but still have one position underwater which I will hold as my indi says the market is oversold.

Guessing Deltaone is the resident expert here? This thread certainly dates back longer than I have been trading. What’s your thoughts on the below, Delta + peeps?

I feel like there’s one final push up left and then it’s bear time. Rationale:

- Mean reversion. Based on history this run is over extended and will reach for equilibrium of the 200EMA soon

- News supporting a growing negative bias. Typical trading dynamics. Positive news moved the market while everyone either shorted new highs or waited for news on trade deal. Media outlets are now injecting more negative news by the day, given how frequent it’s becoming, I am starting to suspect this could be more than just for pullback reasons (creating more room to buy)

- Dax longs increased by 7% today. Showing that dumb money is entering the market late

- Suggestions that US-China deal will be meaningless and just scale back on tariffs. IMO, small push up then straight down

- Fear & greed indicator is set at GREED (everyone knows the best traders are contrarian, be greedy when everyone is fearful; be fearful when everyone is greedy)
  • #44,855
  • Edited 2:12pm Nov 21, 2019 10:15am | Edited 2:12pm
Oh, and I also think Gold is in a technical position for a huge bounce. We all know about the inverse relationship.

Edit: further thoughts, I rightly/wrongly believe we will only retrace 5-7% to the 200ema level before bullish activity resumes. Fundamentally, borrowing is up, jobs are stable, yield curve is no longer inverted, FAANG prop-up the equity market and will only continue their growth etc etc
  • #44,856
  • Nov 21, 2019 6:08pm Nov 21, 2019 6:08pm
I watch the hundred and 200 simple on all time frames..i use ranges the amyc way only i expand it out a bit and use 6mths 12 mths and 3 years..i mainly trade the ozz 200.. and believe it or not i use a major range from the early 2000.. bldy amazing how accurate..if i get a cluster of these numbers its usualy a cracker of a resistance area..all monthly ranges change at the end of each month..i am just a scalper
  • #44,857
  • Nov 21, 2019 6:18pm Nov 21, 2019 6:18pm
Just as a matter of interest as we speak..and i hope D doesnt mind me mention this..i am short the OZZ 200 at the currend hi point 4 diffrent time frames have the 100 simple at or around this point i have a cluster of 10 diffrent range lines at or around this area..also candle patterns on short term lines bindicate not much interest so have hit it hard..fingers and legs and arms crossed
  • #44,858
  • Nov 22, 2019 2:16am Nov 22, 2019 2:16am
got it
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  • #44,859
  • Nov 22, 2019 2:17am Nov 22, 2019 2:17am
5 min
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  • #44,860
  • Nov 22, 2019 2:37am Nov 22, 2019 2:37am
Quoting danc
I watch the hundred and 200 simple on all time frames..i use ranges the amyc way only i expand it out a bit
Hey Danc, I tried to find this about ranges but couldn't...also went to his profile but again found nothing...could you help maybe with link or anything how you use the ranges?
Thanks
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