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Carpe diem: Intraday tactics for Dax and Dow

  • #45,121
  • Dec 4, 2019 8:46am Dec 4, 2019 8:46am
Quoting Neogenesis
{quote} Yep - we are. For this I am nearly certain notwithstanding news. Technical: Volatility is low again, momentum is up. Fundamentals: Retail are net short 80% again (lol). Interestingly, the little reset put the feed and greed indicator back down to a not-so-greedy rating of greedy. I took another Dax profit this morning and opened 50 lots on the FTSE, because there’s a great risk/reward opportunity given market conditions. With that said, the recent whipsawing is still a concern. Need to see strong momentum to be sure we are out of the woods....
another good post from you. keep up the good work!
fortis fortuna adiuvat
  • #45,122
  • Dec 4, 2019 8:54am Dec 4, 2019 8:54am
Quoting Kolumbianer
okay guys, lets suppose we know the Dow will close above 28200 at the end of this month, we don't enter and it may go straight up from here missing opportunity or we enter and it may fill the gap from Nov 22 or even go lower killing our account before it goes up, how approach this?
same story, mister Delta buying dips will close in green

seems this Dec will end up similar like 2014 one,

so my question remains,

if we know direction, but not the depth of retracement, how to manage such entry, do we just need to have the guts and pockets to withstand a 1000 point drop ,

or use some kind of hedging with options and cash?

Libertad y Orden
  • #45,123
  • Dec 4, 2019 9:05am Dec 4, 2019 9:05am
Quoting Kolumbianer
{quote} same story, mister Delta buying dips will close in green seems this Dec will end up similar like 2014 one, so my question remains, if we know direction, but not the depth of retracement, how to manage such entry, do we just need to have the guts and pockets to withstand a 1000 point drop , or use some kind of hedging with options and cash?
hope so. good question. either or. depends on mindset/trading style and buying power/cash. if one is a risk averse trader, surely not long only holding till tp. ofc., big cash (or huge portfolio with big lombard credit line) is helpful. at best both
fortis fortuna adiuvat
  • #45,124
  • Dec 4, 2019 9:28am Dec 4, 2019 9:28am
i´ve created a new poll (first post of this thread). would be nice to see as many answers as possible. vote now!
fortis fortuna adiuvat
  • #45,125
  • Dec 4, 2019 9:36am Dec 4, 2019 9:36am
Ok i am gonna do something really stupid now.... i opened a long target 2800000 in this month.... with 100 lots.... no more trades for me until tp just going to be keep holding it and keeping a nice good margin available like delta....
Extreme gut feeling trader
  • #45,126
  • Dec 4, 2019 9:37am Dec 4, 2019 9:37am
On the subject of lighting up. An oldie but a goodie..

https://m.youtube.com/watch?v=h0i62GnQoo0
  • #45,127
  • Dec 4, 2019 9:37am Dec 4, 2019 9:37am
Quoting montygoldy
Ok i am gonna do something really stupid now.... i opened a long target 2800000 in this month.... with 100 lots.... no more trades for me until tp just going to be keep holding it and keeping a nice good margin available like delta....

2.8m might take longer that a month ;-)
  • #45,128
  • Dec 4, 2019 9:39am Dec 4, 2019 9:39am
Quoting EddyL
{quote} 2.8m might take longer that a month ;-)
Thats fine until it hits... i am trying to curb my overtrading so this is a good way to do so...
Extreme gut feeling trader
  • #45,129
  • Dec 4, 2019 9:44am Dec 4, 2019 9:44am
added 100 @27.675 (touch of sma100). no sl, tp open atm. now long with 900.
fortis fortuna adiuvat
  • #45,130
  • Dec 4, 2019 9:48am Dec 4, 2019 9:48am
Quoting montygoldy
Ok i am gonna do something really stupid now.... i opened a long target 2800000 in this month.... with 100 lots.... no more trades for me until tp just going to be keep holding it and keeping a nice good margin available like delta....
good luck!
fortis fortuna adiuvat
  • #45,131
  • Dec 4, 2019 9:53am Dec 4, 2019 9:53am
thx to all who voted so far. after poll has closed, we can have a discussion about the reasons. in order to include everyone who voted, i´ll "unignore" everyone who took part in the poll.
fortis fortuna adiuvat
  • #45,132
  • Dec 4, 2019 10:14am Dec 4, 2019 10:14am
sma100 touched again. added another 100 @27.685, making it a round number. now long with 1000. no sl, tp open atm
fortis fortuna adiuvat
  • #45,133
  • Dec 4, 2019 10:19am Dec 4, 2019 10:19am
average entry =27.965 now.
fortis fortuna adiuvat
  • #45,134
  • Dec 4, 2019 10:25am Dec 4, 2019 10:25am
Quoting deltaone
average entry =27.965 now.
If it reach to your average entry that will be more than enough for me....
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Extreme gut feeling trader
  • #45,135
  • Dec 4, 2019 10:31am Dec 4, 2019 10:31am
if new daily high reached by candle close, chances are good dow can erase the start of the drop of yesterday. good momentum...
fortis fortuna adiuvat
  • #45,136
  • Dec 4, 2019 10:52am Dec 4, 2019 10:52am
ran out of cigs. afk for a while...
fortis fortuna adiuvat
  • #45,137
  • Dec 4, 2019 12:16pm Dec 4, 2019 12:16pm
decision point: m1/h1, free of any levels/positions. nearly naked chart, approx. three hours of trading left today at nyse. price oscillating around brn/sma100 beneath daily high with rel. low volume:

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fortis fortuna adiuvat
  • #45,138
  • Dec 4, 2019 12:59pm Dec 4, 2019 12:59pm
poll so far:
10 bulls
3 bears
3 neither nor.
vote now!
fortis fortuna adiuvat
  • #45,139
  • Dec 4, 2019 1:15pm Dec 4, 2019 1:15pm
11/3/3 thx - vote!
fortis fortuna adiuvat
  • #45,140
  • Dec 4, 2019 1:29pm Dec 4, 2019 1:29pm
Quoting deltaone
11/3/3 thx - vote!
Wanted to vote : Trade what you see! but that was not an option....
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