Carpe diem: Intraday tactics for Dax and Dow

hi dear friend
i have some question from you
i read all notes about abonacci system at forex factory and other resource that find at net also i read your notes at forex factory forums
1.are the NPDs strategy of abonacci system build by your theory?
2.do you have the ABDtrader software?
3.are you persian(Iranian)?

Can we get this thread moving again for the new year?

Delta you mentioned a surprise?

I opened a few scalps long on the Dow during the news break. Although I profited, it’s still quite risky.

My thoughts going into the coming week: bearish
Volatility charts suggest we should see more vol
Fear and Greed sentiment indicator sitting at 93/100 (extreme greed)
Retail have increased net long positions (always trying to pick bottoms)

It would appear there will be more bearishness, perhaps worth sitting on the side.

News are rumouring about imminent Iranian attacks on US bases.

If this was the catalyst for the long awaited correction then I would have expected a more significant slide. With that said, it remains to be seen whether next week will offer more bearish impact with bigger trading volumes / people returning to work.

Also, if you look back on the Dow towards the end of each calendar year/start of the new year, there appears to be a tranche of bearish movement followed by bullishness. It’s quite consistent.

I am looking for a correction, minimun to the green zone. Could be much deeper, depending on Iran reaction to the killing of the general.

would like to see a retest of the 28700 area first.

Would love to see a correction to the 200 EMA area. That would be great stimulus for a bullish 2020.

The negative news articles are piling up before the open. Let’s hope we get a good drop...

Looks like we got it. There were some nice gaps down. I agree with you that the beginning of the week will be bearish and should resume the bullishness by the end of Thurs/Fri, unless there is a retaliation by Iran....

Per Bloomberg, an Iranian missile hit the US green zone last night. Don’t think anyone died but let’s see if Trump responds today.

Its one of those things that could blow up any minute, hour as you know...

Iran fires missiles at US base. Wow. Trump will surely respond and we have our retracement.

I think Iran "had to" respond, but they don't want an escalation. So it might be just a move to save face, without any actual serious damage. We will see what the morning in US brings....

From the charts... the 13k level on the DAX seems to be holding well so far..

On the DOW, there is a nice looking head&shoulders on the 4hr, with the neckline broken and now price back to it.

Interesting how price rebounded immediately at the worst of this. Suggests there will be not be a significant or immediate crash.

Without serious escalations this could be over soon enough. We also have Davos on the horizon and the France-US tech issues.

Risk off environment may last the whole of Jan at this rate...

Those who are buying the dips on DOW must be well satisfied
stayed awake during the attack - ICBM - and the news about their use was the trigger for the PA on DOW last night.
Overall perception of the POSSIBLE DIRECTION plus TA and patience is likely to deliver good results.
There is no end of different tools used in TA, no point to discuss them here.
I like the emphasis brought to this thread by D1 and few others to the longer perspective without diminishing the importance of TA and shorter TF.

Wishing good progress to traders in this exciting NEW Year!!!
2be


PS
As a footnote I would emphasise that I have nothing for sale , that does not mean I have not bough some useless "things", useless to me, that does not include some great books which I have bought and keep them.
In my previous posts I have posted some charts with some indicators privately programmed, I have been using for a long time, as they have been programmed with corroboration with a friend I am not free to share them. They are a good use to me but they are NOTHING SPECIAL!!!! I do understand some might think I posted them to fish-out interest. its not how I operate, so I have not posted any charts atm.
Market structure is paramount to me, and I use the close of the US session.
PA of the US session is important but I also pay attention to the PA outside of it like Tokyo open/close and London session.
In weak moments I have been tempted to open a new thread, thankfully reason prevailed, D1 thread is a good one, and I do not like to get involved in another thread.
Time to enjoy things like sailing, travelling, and studying while still enjoying trading with a limited monitor time exposure.

better late than never: happy new year!
have to think about posting live trade calls since i´ve noticed that those had been used for commercial purpose by a signal provider that turned into a troll.
in addition, i just can state: really bad customer service from what have once been "twee", now being a team of mods.

30k for dow is a valid goal to me within 1st quarter. bought no protection for portfolio but added. btd.
changed wirecard position to "available for sale" in order to make floating loss tax deductible ("Strenges Niederstwertprinzip - ich liebe das HGB )

trade long and prosper

We’ll lose some fun if we aren’t posting when we enter but entirely up to you, Delta.

I hope we keep this going in 2020.

The Dow just recorded another new high. Is anything going to stop this market rising?!?!

It was quite intentional.

Market tanked after London and US close and was restored to parity by London open the next morning.

So painful to not participate in that move but it would have been more painful to realise unnecessary losses, I guess.

When the market only responds to potential wars with a 2% slide you can say with confidence that this market isn’t going to significantly drop anytime soon.
Black swans being the exception of course.

Can we kiss big round nunber 29000 today....

Well.. it’s firmly risk on again lol. Dow is easily hitting 30k soon.

Next minor retracement will probably come from US-France crap.

Brent looks like good value right now if you sat out the volatile period like moi. I am long.

Come on hit 28000 ... too much playing around.... push push

Jesus hit my target as soon market open 60 points with 100 lots but had to giveaway 800$ swaps.... nevertheless 2 month salary in pocket

DElta where are you..... you must be showering in money with longs........... made a killing today bought every dip..... 2 months salary again down.....i still believe todays daily candle gonna be green

Bought the dip...