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Carpe diem: Intraday tactics for Dax and Dow

  • #45,781
  • Edited 3:25pm Feb 1, 2020 1:15pm | Edited 3:25pm
Quoting 2be
{quote} another 20% of long position closed at 28878 working on protective SL for the remaining 60% of the overall position, Will also establish more Market orders. Fri mystery will be revealed by tomorrow evening!
Protected SL has been triggered, and Market orders have not been activated.
Have been away, battling the waves of Sussex Coast, and celebrating Brexit!
When back at the desk, market was closed, so could not do anything.
So for better or worst I am flat atm, but plan to adjust the market orders, and establish position again.
Looks ready for a good bounce up.
Level I will be watching is 28120.
I think that bulls are well in charge, and if the 28120 holds well, as it looks for a time being it does, it screams to me LONG-LONG!!!!! on DOW.
The week ahead looks very interesting - coronovirus situation and the lab noises, Impeachment and the State of the Union Address just to mention these two.It will be interesting to see the pile of broomsticks left at the chamber's entrance, the pencil-neck face, other toads and of course the majority speaker's "applause".
DOW is likely to be very jumpy for a while, trading March futures are much less intensive for me atm, with some additional intra-day trades futures cash mainly).
DT chart to illustrate the important levels.

Great weekend to all,
2be
Attached Image (click to enlarge)
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Make sure losses are small and profits are bigger!
  • #45,782
  • Feb 1, 2020 3:10pm Feb 1, 2020 3:10pm
DOW and DAX require big margins so you might want to try the Russell 200
Attached Image (click to enlarge)
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  • #45,783
  • Feb 2, 2020 10:38am Feb 2, 2020 10:38am
https://www.bloomberg.com/news/artic...premium-europe

I wonder what impact this will have on the open. I am guessing a big gap up.
  • #45,784
  • Feb 2, 2020 1:22pm Feb 2, 2020 1:22pm
I’ll put a question to all. What makes you think the market won’t rally up and make another leg down?

$20bn won’t do much...
  • #45,785
  • Feb 2, 2020 3:12pm Feb 2, 2020 3:12pm
Quoting Neogenesis
I’ll put a question to all. What makes you think the market won’t rally up and make another leg down? $20bn won’t do much...
I agree $20 billion is not enough to get a sustainable rally. Not that we should care since, unlike stock holders, we make money on the way up as well as on the way down.
  • #45,786
  • Feb 2, 2020 3:22pm Feb 2, 2020 3:22pm
Yep.

I think you have to tread carefully here folks if you don’t have Delta’s pockets.

Price is not reacting to good news and is tanking off the smallest bit of bad news. Rallies may be there to fool you.

I would wait for a strong reason for bullish reversal, I.e - corona controlled. Don’t trade with blind hope.

The market is subject to daily news developments. Right now it is only bad. Be patient...

I personally won’t short the market yet as long term bias is bullish. If it doesn’t break out off the next rally you could probably short.
  • #45,787
  • Edited 6:18pm Feb 2, 2020 5:42pm | Edited 6:18pm
Quoting Neogenesis
I’ll put a question to all. What makes you think the market won’t rally up and make another leg down? $20bn won’t do much...
It depends how far the market will rally, and of course it will go down from the top of that fresh rally. Whether that will be a leg down making another Lower Low, I cant say, but going Long with a SL in the region of 28100 makes sense to me. with a shorting scenario below 28000, which I think is less likely, but nobody knows. It is important to manage risk and do it in a thoughtful and planned way.
My take atm is; long above 28150, and short below 28000 it if gets there in a panic way.
My bias atm is on the long side.
Some of my perspective and bias is due to the PA displayed in my previous post (45781).
Make sure losses are small and profits are bigger!
  • #45,788
  • Edited 11:50pm Feb 2, 2020 11:26pm | Edited 11:50pm
what a beautiful start: closed all friday longs on dow @28.442 for +200k . pivot peanut traders paralyzed by shock and awe
fortis fortuna adiuvat
  • #45,789
  • Edited 12:50am Feb 3, 2020 12:39am | Edited 12:50am
Question of point of view, facing the waves.

I'm selling just from the top! Always Trailing my Stop.
I have never said that there is only one way to trade the markets.
But one is safer and more profitable: the Trend Following in the now!
I'm a speculator... not an investor.

Wishing you all the best!
  • #45,790
  • Feb 3, 2020 1:22am Feb 3, 2020 1:22am
Quoting Jupiter
Question of point of view, facing the waves. I'm selling just from the top! Always Trailing my Stop. I have never said that there is only one way to trade the markets. But one is safer and more profitable: the Trend Following in the now! I'm a speculator... not an investor. Wishing you all the best!
same to you! closed 200 dax longs from friday. just another few k. brilliant day.
all the best
d1
fortis fortuna adiuvat
  • #45,791
  • Feb 3, 2020 1:25am Feb 3, 2020 1:25am
Quoting deltaone
{quote} same to you! closed 200 dax longs from friday. just another few k. brilliant day. all the best d1
I broke my promise not to post again, actually three times... but I couldn't resist.
Thought you need also the opinion of a strictly observant Trend Follower. LOL

Always with fraternal intentions only! As a Professional contribution to the thread!

The game of this morning will be interesting. Levels are clear to me... we'll see.
  • #45,792
  • Feb 3, 2020 1:26am Feb 3, 2020 1:26am
winter holidays here, time for family.
afk
good luck - everyone.
fortis fortuna adiuvat
  • #45,793
  • Edited 1:59am Feb 3, 2020 1:30am | Edited 1:59am
Enjoy your holiday and your family. Have a nice time.

London is here.
Observe-Orient-Decide-Act.
Be prepared. Be careful. BE SAFE! Trade always in control.
  • #45,794
  • Feb 3, 2020 2:11am Feb 3, 2020 2:11am
Levels confirmed.
  • #45,795
  • Feb 3, 2020 2:27am Feb 3, 2020 2:27am
m5... Second mission short in the morning.
Banked a good part at this level. Waiting for the reaction.
As I always said. Take care of the men on the battleground.
Attached Image
  • #45,796
  • Feb 3, 2020 2:35am Feb 3, 2020 2:35am
Take care of yourself. Hope you have read my (deleted) posts of Friday! ...Ciao.
  • #45,797
  • Edited 3:18am Feb 3, 2020 2:55am | Edited 3:18am
Did you see (from my deleted charts and blotter) that I went out at 896? Yes? Ridiculous. You control your position not the Market!
Trend Following is a sort of religion.
It is condensed in this Paul Tudor Jones quote:

"“Where you want to be is: always in control, never wishing, always trading.
And always, first and foremost, protecting your butt.”"

Hoping I made my idea clear enough (and with great respect of all points of view.)
  • #45,798
  • Feb 3, 2020 3:46am Feb 3, 2020 3:46am
Did China inject their liquidity? Markets are up 0.20% at London opening which isn’t a good sign if so...
  • #45,799
  • Feb 3, 2020 3:47am Feb 3, 2020 3:47am
Quoting Jupiter
{quote} I broke my promise not to post again, actually three times... but I couldn't resist. Thought you need also the opinion of a strictly observant Trend Follower. LOL Always with fraternal intentions only! As a Professional contribution to the thread! The game of this morning will be interesting. Levels are clear to me... we'll see.
Why would you not post?

You are welcome as is everyone. I love to hear views from all.
  • #45,800
  • Edited 3:58am Feb 3, 2020 3:47am | Edited 3:58am
Quoting Neogenesis
Did China inject their liquidity? Markets are up 0.20% at London opening which isn’t a good sign if so...
Market discounts everything.
1° principle.
Do not misunderstand: price action is price action!
This is called downtrend!

My suggestion is: "Trade the price and do not think".
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