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Carpe diem: Intraday tactics for Dax and Dow

  • #45,701
  • Jan 27, 2020 3:54am Jan 27, 2020 3:54am
Quoting deltaone
{quote} i myself still holding my longs. added 100 @28.500. will have to wait, no more add-ons for the time being.
Do you scalp other trades in between holding those positions?
  • #45,702
  • Jan 27, 2020 4:50am Jan 27, 2020 4:50am
Let’s hope the bottom is in. Good news expected with Apple, Microsoft and Tesla earnings tomorrow.

I am hanging on...
  • #45,703
  • Jan 27, 2020 4:51am Jan 27, 2020 4:51am
Quoting fxdk
{quote} Do you scalp other trades in between holding those positions?
not atm since i have a cold and really heavy sinusitis. no cigs, no beers, no g/t
fortis fortuna adiuvat
  • #45,704
  • Jan 27, 2020 5:14am Jan 27, 2020 5:14am
Quoting Neogenesis
Let’s hope the bottom is in. Good news expected with Apple, Microsoft and Tesla earnings tomorrow. I am hanging on...
Im still a noob at trading DOW, what are some tips you guys have. For example what makes you think this will go up?
for me it’s just the technical aspect of the chart.
Plus, what is the relationship between USD and DOW?
  • #45,705
  • Jan 27, 2020 5:23am Jan 27, 2020 5:23am
Quoting deltaone
{quote} not atm since i have a cold and really heavy sinusitis. no cigs, no beers, no g/t
No cigs and g/t.. thats awfull
  • #45,706
  • Jan 27, 2020 5:41am Jan 27, 2020 5:41am
Quoting deltaone
{quote} not atm since i have a cold and really heavy sinusitis. no cigs, no beers, no g/t
Delta’s caught the coronavirus!
  • #45,707
  • Jan 27, 2020 5:51am Jan 27, 2020 5:51am
Quoting Neogenesis
{quote} Delta’s caught the coronavirus!
Its No Corona beer virus
  • #45,708
  • Jan 27, 2020 9:24am Jan 27, 2020 9:24am
Quoting deltaone
{quote} i myself still holding my longs. added 100 @28.500. will have to wait, no more add-ons for the time being.
closed that 100 @28.650. rest remains.
fortis fortuna adiuvat
  • #45,709
  • Jan 27, 2020 12:09pm Jan 27, 2020 12:09pm
Building the long position on DOW added 28590
Make sure losses are small and profits are bigger!
  • #45,710
  • Edited 2:02pm Jan 27, 2020 1:13pm | Edited 2:02pm
Quoting 2be
Building the long position on DOW added 28590
Added DOW 28520

If you look carefully you can see two different Fib measurements, APP - Alternative Price Projection - Robert Miner Dynamic Trader software - for alternative wave projection - Measured symmetrical move, the other is a straight fib Retracement with some projections.

I use different types of gaps, one is the gaps between the "active" or "pit" session. These gaps are filled in, sometimes fast, and on other occasions much later.
Lately indices have been active around the clock, so it can be argued that this approach is a bit out of date, but in spite of it I am still using it, though with a dose of careful consideration.

I am expecting a reasonable rotation to the upside, with PT well above 29000

Daily candle looks like a possible reversal to the upside, inter US session candle looks like a Tomb Stone.
We shall see what the next two days will bring.

Added content: I am trading both DOW cash futures and Dow March 2020 futures, The March 2020 have no overnight charges, so I can run them for a longer time without any additional costs, apart from the initial spread. In the posts I only indicate cash price, but the futures are lightweight price atm and they follow cash in more or less parallel way, eventually making the difference between them smaller nearer the expiry date, which in this case is in March 2020.
At this moment my multi entry position on March futures in under water, with a SL far away, ant the PT well above 29000.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: DOW Daily APP and Fib Ret 2020-01-27_202606.png Size: 72 KB
Click to Enlarge Name: DOW M30 USW Intersession Gap 2020-01-27_214536.png Size: 100 KB
Make sure losses are small and profits are bigger!
  • #45,711
  • Jan 27, 2020 11:13pm Jan 27, 2020 11:13pm
Quoting 2be
{quote} Added DOW 28520 If you look carefully you can see two different Fib measurements, APP - Alternative Price Projection - Robert Miner Dynamic Trader software - for alternative wave projection - Measured symmetrical move, the other is a straight fib Retracement with some projections. I use different types of gaps, one is the gaps between the "active" or "pit" session. These gaps are filled in, sometimes fast, and on other occasions much later. Lately indices have been active around the clock, so it can be argued that this approach is a bit...
Taking part profits above 28700
Market orders on DOW to go long at the last US session close 28530. I am not at the monitors and do not want to trade from the mobile app.
If US open is well above last US session close, I will trade that gap also, but only because I am hedged.
There might be a retest of the resent L, which will be a good opportunity to go long.
Make sure losses are small and profits are bigger!
  • #45,712
  • Edited 12:46pm Jan 28, 2020 12:27pm | Edited 12:46pm
added 100 @28.760. this corona-hysteria is just insane: mortality is only 3%, even the flu is more dangerous. most cases are mild and well treated, those who died had serious health problems before. a charlatan like igrok posting links with "112.000 dead", just in order to make his "when the moon falls to earth" prophecy more likely. forex facebook, fool factory...
fortis fortuna adiuvat
  • #45,713
  • Jan 28, 2020 12:38pm Jan 28, 2020 12:38pm
Quoting deltaone
added 100 @28.760. this corona-hysteria is just insane: mortality is only 3%, even the flu is more dangerous. most cases are mild and well treated, those who died had serious health problems before. a charlatan like igrok posting links with "112.00 dead", just in order to make his "when the moon falls to earth" prophecy more likely. forex facebook, fool factory...
Im holding my long from bellow. I rekkon it can go much higher
  • #45,714
  • Jan 28, 2020 12:40pm Jan 28, 2020 12:40pm
Once the media dramatisation of the virus dies down and people realise that it's less of an issue than the annual flu, we should be seeing new ATHs... Holding my longs from below and above...
  • #45,715
  • Edited 1:09pm Jan 28, 2020 12:44pm | Edited 1:09pm
the progress to the 30k is resumed in and orderly way, it might not be fast but eventually DOW will get there, I am firmly on the long side, mindful that some PBs will be there
ATM i only take shorts on intra-day ONLY when well hedged on the long side just to make additional pips (points!!! after D1 useful observation!), but longs are the big play and with a well established position.
I find that such arrangements is less demanding, and if I do not make any intra-day trades, when I am otherwise busy, its ok with me.
Make sure losses are small and profits are bigger!
  • #45,716
  • Jan 28, 2020 12:53pm Jan 28, 2020 12:53pm
Quoting 2be
the progress to the 30k is resumed in and orderly way, it might not be fast but eventually DOW will get there, I am firmly on the long side, mindful that some PBs will be there ATM i only take shorts om intra-day ONLY when well hedged on the long side just to make additional pips, but longs are the big play and with a well established position. I find that such arrangements is less demanding, and if I do not make any intra-day trades, when I am otherwise busy, its ok with me.
first of all: i like your posts here. looks like you have a good understanding of how and why stock markets move and a proper mm.
just do me a favour and don´t use pips (which is a forex term) where it is points (or ticks).
good luck!
fortis fortuna adiuvat
  • #45,717
  • Jan 28, 2020 1:07pm Jan 28, 2020 1:07pm
[quote=deltaone;12725974]{quote} first of all: i like your posts here. looks like you have a good understanding of how and why stock markets move and a proper mm. just do me a favour and don´t use pips (which is a forex term) where it is points (or ticks). good luck![/qurote]
Good observation, I indeed traded FX before I decided to trade indices, thanks - as this escaped my likeness for details!
Make sure losses are small and profits are bigger!
  • #45,718
  • Jan 28, 2020 11:56pm Jan 28, 2020 11:56pm
15 min long possie 20 point stop
Attached Image (click to enlarge)
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  • #45,719
  • Jan 29, 2020 12:03am Jan 29, 2020 12:03am
cxlosed for loss
  • #45,720
  • Jan 29, 2020 12:25am Jan 29, 2020 12:25am
5 min long again stop at even
Attached Image (click to enlarge)
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