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Carpe diem: Intraday tactics for Dax and Dow

  • #46,101
  • Feb 11, 2020 2:12pm Feb 11, 2020 2:12pm
long 200 @29.242,09
fortis fortuna adiuvat
  • #46,102
  • Feb 11, 2020 2:15pm Feb 11, 2020 2:15pm
long 200 @29.233,76
fortis fortuna adiuvat
  • #46,103
  • Feb 11, 2020 2:18pm Feb 11, 2020 2:18pm
long 200 q29.218,54
fortis fortuna adiuvat
  • #46,104
  • Feb 11, 2020 2:26pm Feb 11, 2020 2:26pm
setting tp for all +60 (=+12k each). if not reached today, i´ll increase tp.
fortis fortuna adiuvat
  • #46,105
  • Feb 11, 2020 2:34pm Feb 11, 2020 2:34pm
FYI - bearish put volume has increased significantly again. Not as much as before however.

I am waiting for a bigger retracement. Back to being risk averse for a while :-)
  • #46,106
  • Feb 11, 2020 2:40pm Feb 11, 2020 2:40pm
could close all with +11k. but no, greed is good...

edit:+36k...
fortis fortuna adiuvat
  • #46,107
  • Feb 11, 2020 2:41pm Feb 11, 2020 2:41pm
first tp hit. +12k
fortis fortuna adiuvat
  • #46,108
  • Feb 11, 2020 2:54pm Feb 11, 2020 2:54pm
second tp hit. +60 (+12k)
fortis fortuna adiuvat
  • #46,109
  • Feb 11, 2020 3:41pm Feb 11, 2020 3:41pm
this market goes up and up. seems like nearly no one except me understands this - and why and how, even those few who are making money in this market.
UNTIL THE CBs DO NOT STOP FLOODING THE MARKETS WITH LIQUIDITY, YOU SHOULD BUY THE DIP!
BUT:

everyone here is self responsible for his own risk management! don´t follow me blindly, assure that you will still have some money left even if this market is falling sharply.

and even if you are following me, that working capital you use can´t be used for other trades. i´ve used my capital gains over the past several years to increase heavily my stocks portfolio which i can use as collateral now. IT`S A DEEP POCKET GAME!

@franco: i´ve watched "high speed money" several times and that´s not the only thing i know about failed traders. kweku adoboli. jerome kerviel to name a few.
i´ve worked in a risk control team a decade ago and i KNOW what risk is! all of those are an example for moral hazard: they never risked their own money. they fooled all internal controls by illegal management override in order to keep the losses running, and i´m not such kind of a guy, i use my own money. therefore, i know when and how to stop. hope you are happy now
fortis fortuna adiuvat
  • #46,110
  • Feb 11, 2020 3:46pm Feb 11, 2020 3:46pm
definitely, i´ll gona blast my mind now: time for g/t + and a party again
trade long and prosper
fortis fortuna adiuvat
  • #46,111
  • Feb 11, 2020 4:02pm Feb 11, 2020 4:02pm
Quoting deltaone
this market goes up and up. seems like nearly no one except me understands this - and why and how, even those few who are making money in this market. UNTIL THE CBs DO NOT STOP FLOODING THE MARKETS WITH LIQUIDITY, YOU SHOULD BUY THE DIP! BUT: everyone here is self responsible for his own risk management! don´t follow me blindly, assure that you will still have some money left even if this market is falling sharply. and even if you are following me, that working capital you use can´t be used for other trades. i´ve used my capital gains over the past...

Not just you.

Concept isn’t lost on me - quote what I said before re population growth and ongoing consumption of McDonald’s, Coca Cola, Netflix, Apple, Amazon and Microsoft.

I am just waiting on some bigger dips right now to avoid buying near the top. I killed a big chunk of capital with unnecessary greed.

Found some money in Bitcoin that I forgot I had. Happy days lol.
Attached Image (click to enlarge)
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  • #46,112
  • Feb 11, 2020 4:17pm Feb 11, 2020 4:17pm
Quoting Jupiter
About my two fundamental and basic quotes. Charles Henry Dow is the founder of the Wall Street Journal. Great trader, he invented the Dow Jones Average and developed the famous Theory. Richard Demille Wyckoff (1873-1934) is one of the forefathers of the modern scientific way of trading. Continuing as a trader and educator in the stock, commodity and bond markets throughout the early 1900s, Wyckoff was curious about the logic behind market & price action. Through conversations, interviews and research of the successful traders of his time, Wyckoff...
I learned the Dow Theory as part of a portfolio management course in college. The Dow Theory is still applied today but lost some reverence due to algo trading. On the other hand the dogs of the Dow are still in vogue and were my favorite long term holdings when I traded stocks. It was slow but efficient. These days nothing can compare to trading forex Who is your favorite trader of all times? Mine is Jesse Livermore.
  • #46,113
  • Feb 11, 2020 4:20pm Feb 11, 2020 4:20pm
Quoting Neogenesis
{quote} Not just you. Concept isn’t lost on me - quote what I said before re population growth and ongoing consumption of McDonald’s, Coca Cola, Netflix, Apple, Amazon and Microsoft. I am just waiting on some bigger dips right now to avoid buying near the top. I killed a big chunk of capital with unnecessary greed. Found some money in Bitcoin that I forgot I had. Happy days lol. {image}
yeah, i remember this. as i´ve said, MacDoof is my best american stock bought in 2014. since i gonna buy only stocks i think i understand, coke might be an investment. wishing you all the best, just control your greed. over and out!
fortis fortuna adiuvat
  • #46,114
  • Feb 11, 2020 5:07pm Feb 11, 2020 5:07pm
Went long 29.3k, momentum ticked up.

Hope those puts don’t bite me in the ass again but risk is managed.
  • #46,115
  • Feb 11, 2020 8:38pm Feb 11, 2020 8:38pm
Quoting Jupiter
(If you are on the right side of the fence!) End of demonstration. {image}
Did you buy the HL's on 5min ?
Can't see anything besides that
...
  • #46,116
  • Edited Feb 12, 2020 1:43am Feb 11, 2020 10:16pm | Edited Feb 12, 2020 1:43am
Quoting deltaone
hope you are happy now
Yes. Thank you, my friend. This is the perfect clarification I was asking for.

@ all
I perfectly know that deltaone is an excellent trader and a good person whom I respect deeply.
One of the few I respect on FF.
Mine was just a concern for the many I have seen losing hundreds of points, here.
Not everyone can absorb a decline of 750 points... and these guys must understand their risk.

The question is always the same: it all depends by the Timeframe one decides to cope with!
Trend is a trend is a trend...

(Aside remain the historical question that tormented all the great trader:
what about trading both ways in the short TF and multiply your profit without having a capital immobilized?
That is my world.
As anyone can see, I play strong inside the micro Oscillations.)
  • #46,117
  • Feb 11, 2020 10:18pm Feb 11, 2020 10:18pm
Quoting Piquant
Did you buy the HL's on 5min ? Can't see anything besides that
Trend is a trend is a trend... And I was trading a simple, ordinary S/R line.
  • #46,118
  • Edited 10:51pm Feb 11, 2020 10:34pm | Edited 10:51pm
Quoting Neogenesis
Haha - Jupiter I don’t disagree with you.
Wrong again.
Of course we disagree!
And our own conversation testify it.
For you, sir, Crabel's book is a "piece of shit".... not for me !
For you, sir, 750 points of decline is an Uptrend... not for me!
For you 100 points of a loss are acceptable... not for me!
For you averaging down is acceptable, everyone knows it... not for me!
Etcetera.
Question of different strategy, approach and view. But as I said don't care about me. I'm mr No One.
  • #46,119
  • Feb 11, 2020 11:02pm Feb 11, 2020 11:02pm
Quoting Hutch
{quote} I learned the Dow Theory as part of a portfolio management course in college. The Dow Theory is still applied today but lost some reverence due to algo trading. On the other hand the dogs of the Dow are still in vogue and were my favorite long term holdings when I traded stocks. It was slow but efficient. These days nothing can compare to trading forex Who is your favorite trader of all times? Mine is Jesse Livermore.
Actually, W.D. Gann.
Inside the sacred triplet: Livermore+Gann+Wyckoff. No doubt.
To me, mr No One, all the answers are there.

About Dow... the doubts are only about the role of the averages today. But it was under discussion also in his days.
Gann for example was sceptical and rather critical.

The debate on HFT machines and algo is complex.
I am different also in that: I see some positive consequences for educated human traders! (the word educated is clear? )
  • #46,120
  • Feb 12, 2020 1:43am Feb 12, 2020 1:43am
Quoting deltaone
setting tp for all +60 (=+12k each). if not reached today, i´ll increase tp.
ahahahaha: tp hit for all! just came back from party. wife is at work, kids are at school, dad made some money again while drinkin hectolitres of g/t. even now i´ve some drink in my hand
fortis fortuna adiuvat
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