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Carpe diem: Intraday tactics for Dax and Dow

  • #46,341
  • Feb 15, 2020 8:55am Feb 15, 2020 8:55am
Quoting deltaone
{quote} yeah, i´m the most dangerous man on ff. muahahahahahahaha off to party now, you´ll have a good on me. ahahahahahaha
Your ineptitude, complete lack of risk management, gambling mentality and arrogance has no place in retail trading, as it will destroy many many more traders than it makes. Yes, you have plenty of sycophants and hangers on here that we can all see, all hoping in vain to learn something from you, but they never will for you rely on luck and gambling. For that, in terms of the damage you do to newbie traders, you are dangerous, not talented, just dangerous.

Good luck, you will always need plenty of it.
  • #46,342
  • Feb 15, 2020 10:45am Feb 15, 2020 10:45am
Just realised I am not flat, I still have some positions open at 29.4. Oops.

According to the below I would expect bullishness next week. I can see a double bottom on the H4. Momentum has hit its bottom, volatility is low. Gold momentum has hit its top (H4).

Also enclosed a picture of the advance decline chart which closed +1477% - above its 0 line with scope for increase. I’ve recently started to track for research.

Now all we need is news to fuck it all up
Attached Image(s) (click to enlarge)
Click to Enlarge Name: CF7C4D6D-F756-48E2-BB43-49611571024C.png Size: 411 KB
Click to Enlarge Name: 7524F7CD-050E-4CD5-9F7B-E070A27FB0BB.png Size: 360 KB
  • #46,343
  • Feb 15, 2020 1:24pm Feb 15, 2020 1:24pm
Quoting Neogenesis
{quote} I’m not Delta but I just wanted to advise you that irrespective of this outcome, you bought near the ‘top’. This has a very low probability of success and if executed often will lead to mostly failing trades. Wait for pullbacks to enter. Dax will hit 13,800 soon but I can’t guarantee when that will be. It could be Monday, there could be a retracement before it reaches. If you set the TP a few points off the opening point, you could probably get out unscathed on Monday.
ok, th. a lot Neogenesis...i know its a bit high level that i got, but i cant change it only i hope i can stay there until it goes higher , or i should sell loosing something, wait for pullback and enter
  • #46,344
  • Feb 15, 2020 2:05pm Feb 15, 2020 2:05pm
You’re welcome.

I wouldn’t worry, it doesn’t seem like a terrible situation. The market is bullish.

The green eyed monster hits me occasionally and I buy at the top (cost me a horrible amount recently).

For safety purposes as mentioned I think you should just set your take profit very close to your entry point; get out at break even. Then you are fine. I think this could quite easily happen on Monday.

Given you’re asking about entry points, am I right in thinking you are relatively new to trading? If so, please use a demo account. Do some studying. Learn about risk/reward ratios. Try buy after big dips.
  • #46,345
  • Feb 16, 2020 3:49am Feb 16, 2020 3:49am
Hi thank you for the advice .. Actually I often follow the indications that you and Delta$One provide, however the problem is being able to get the information in real time, I can't watch with the PC constantly kept throughout the day: I understand that the best thing is to be able to trade on a few Pips, the ideal is to have adequate capital. I also use tools that indicate the market trend with Time frames H1 and H4, the problem is related to the medium-long trend with trading operations with a few Pip deviations where the M1 M5 time frame is in reference: In short, you neogenesis Delta One and other Traders manage to ride these micro-moves without great damage. I seem to understand and with great profit possibilities; do you have any advice to give me that is regulated to scalping M1 M5? Thanks again
  • #46,346
  • Feb 16, 2020 4:28am Feb 16, 2020 4:28am
make sure you’re always following your own convictions

if you cannot trade during the day I recommend trading the h4 or daily chart and waiting for oversold signals.

with regards to scalping, I quite literally just follow the trend and again buy dips but only tend to do this on bullish days

Platforms like tradingview are great because you can pay little amounts to setup indicator or price alerts. If you have a busy life, no need to be at the computer.
  • #46,347
  • Feb 16, 2020 9:20am Feb 16, 2020 9:20am
Quoting Tallyho
{quote} Your ineptitude, complete lack of risk management, gambling mentality and arrogance has no place in retail trading, as it will destroy many many more traders than it makes. Yes, you have plenty of sycophants and hangers on here that we can all see, all hoping in vain to learn something from you, but they never will for you rely on luck and gambling. For that, in terms of the damage you do to newbie traders, you are dangerous, not talented, just dangerous. Good luck, you will always need plenty of it.
You have in this thread literally thousands of live calls made by D1 in a 3 to 1 aproach, posted within seconds...

Now his account is big enough that he has decided to change the way he trades, with great results so far. Of course is a dangerous game, and definitely not for me. Is our responsability as traders to know our limits, and i am grateful for what he, & others that have posted here, have done over the years.


Best wishes
  • #46,348
  • Feb 16, 2020 9:25am Feb 16, 2020 9:25am
World stock markets now equate for 102% of global GDP !

this won’t carry on much longer mark my words.
Que Sera
  • #46,349
  • Feb 16, 2020 10:17am Feb 16, 2020 10:17am
Quoting disastrader
{quote} You have in this thread literally thousands of live calls made by D1 in a 3 to 1 aproach, posted within seconds... Now his account is big enough that he has decided to change the way he trades, with great results so far. Of course is a dangerous game, and definitely not for me. Is our responsability as traders to know our limits, and i am grateful for what he, & others that have posted here, have done over the years. Best wishes
I am unfortunately also one of the poor sycphants that try to learn from him! Went long on friday, but was then pointed out that my chart is upside down!! Great i thought then i will stay long!! ( still upside down). Damn now i am 15% in minus!! Just wondering who has got the biggest problem?? D1 with a 15% minus on €2m or me with 15% minus on my €1000 ?? Luckily I am old enough to make my own decisions!!
  • #46,350
  • Edited 2:12pm Feb 16, 2020 12:48pm | Edited 2:12pm
Quoting Catempire
World stock markets now equate for 102% of global GDP ! this won’t carry on much longer mark my words.
Very interesting observation/calculation, however there is no containment for human irregularity (stupidity or delusion being a more pointed description),
The concepts of value and utility have been mixed and confused, the cogs of inflation are not easily reversed, historically it has been remedied by major unrest and wars. During the he last several decades the cost has been externalised and we have grown well accustomed to debt, yet paradoxically or not at present there are plenty of "resources" ready to buy and to provide different guarantees. Eventually there will be some kind of addressing that, and the relation between what is and how value is worked out and its relation to things like utility or affordability would need to be considered afresh. A stem engine not that long ago was valuable and extremely useful, today in certain circumstanced a stem engine might be valuable, but the utility of it has changed. Among other related concepts, the concept of value and its relation to utility is one of great importance, and it is in constant flux, adding to it inflation and there is a right mix ready to confuse anyone. We all feel it instinctively, but is is difficult if not boring to verbalise it.
Since DOW has added 0 (zero) in last 30 years, why it would not add another 0 (zero) in next few decades. And what is 0 (zero), nothing or a lot???

IMHO there is nothing to presume that things will change course drastically within the foreseeable future, and that is so in a time of unprecedented prosperity for the largest amount of people worldwide, if in doubt please read Dickens, Dostoevsky, Orwell, just to mention a few.
So adding another zeros looks like a preferred option to other ways of restructuring, I do not say we do not need restructuring, but at what cost? and into what???
While zero to some means - nothing- to others means a lot, three nothings after one makes a grand, and so on.

So for time being just buy the dips!!! is my strategy.

Presidents Day tomorrow, and stormy whether in the UK, so no sailing and likely no trading for me.
Make sure losses are small and profits are bigger!
  • #46,351
  • Edited 2:48pm Feb 16, 2020 12:53pm | Edited 2:48pm
Quoting Goyatrade
{quote} I am unfortunately also one of the poor sycphants that try to learn from him! Went long on friday, but was then pointed out that my chart is upside down!! Great i thought then i will stay long!! ( still upside down). Damn now i am 15% in minus!! Just wondering who has got the biggest problem?? D1 with a 15% minus on €2m or me with 15% minus on my €1000 ?? Luckily I am old enough to make my own decisions!!
The simple solution would be (i) don’t attempt to scalp and await bigger retracements or (ii) reduce your risk.

It doesn’t actually matter that Delta has a bigger account. What matters is that with a smaller account you aren’t going to profit with a poor risk:reward ratio (e.g let’s say you make $100 profit for every potential $1000 loss by buying at the top, you will wipe yourself out).

Delta has built his account over time. This is not everyone else’s starting point. Await the bigger dips and buy for safety, or expect small returns.
  • #46,352
  • Feb 16, 2020 3:35pm Feb 16, 2020 3:35pm
Quoting Neogenesis
{quote} The simple solution would be (i) don’t attempt to scalp and await bigger retracements or (ii) reduce your risk. It doesn’t actually matter that Delta has a bigger account. What matters is that with a smaller account you aren’t going to profit with a poor risk:reward ratio (e.g let’s say you make $100 profit for every potential $1000 loss by buying at the top, you will wipe yourself out). Delta has built his account over time. This is not everyone else’s starting point. Await the bigger dips and buy for safety, or expect small returns.
You are totally right. The account size is totally irrelevant. What is most relevant is how a trader exercises money management. There are traders with sizeable accounts that risk only 0.5% of their equity while others will go as high as 5%. As for me I risk 2% of my account on each trade so even if I have 5 bad trades in a row I would lose less than 8% of my account. 5 bad trades in a row using a 5% risk would decrease the account equity by 18.5%. At the end of the day money management is only simple math
  • #46,353
  • Feb 16, 2020 5:12pm Feb 16, 2020 5:12pm
[quote=2be;12757413]

dude at the point of most confidence, hysteria etc is more often than not the most important time to be cautious & very often the time things turn.

Your buying the dips strategy has worked well for a long time, however at some point it won’t & you won’t have time to move out of the way.

this markets been rising on nothing but hot air, weakening figures, falling oil price, profit warnings & now a deadly virus that has no cure and all the hallmarks of an early pandemic.

if we are basing our decisions primarily on the feds money pumping strategies then I vaigly agree with your view however imo although up until now it’s seemed largely irrelevant at some point other factors will be forced to be taken into account.

the stock market hasn’t even priced in a completely blockout if the global supply chain......... this thing is getting extremely heavy & would you really want to be long when it goes back to 19k.... we’re all right until we’re wrong eh.
Que Sera
  • #46,354
  • Feb 16, 2020 5:16pm Feb 16, 2020 5:16pm
Quoting Neogenesis
{quote} The simple solution would be (i) don’t attempt to scalp and await bigger retracements or (ii) reduce your risk. It doesn’t actually matter that Delta has a bigger account. What matters is that with a smaller account you aren’t going to profit with a poor risk:reward ratio (e.g let’s say you make $100 profit for every potential $1000 loss by buying at the top, you will wipe yourself out). Delta has built his account over time. This is not everyone else’s starting point. Await the bigger dips and buy for safety, or expect small returns.
Neo it matters if you don’t have the same account if you are entering into the same trades, d1’s strategy works for him in his position but it certainly would have little hope of working for others in a different position.
Que Sera
  • #46,355
  • Feb 16, 2020 5:18pm Feb 16, 2020 5:18pm
Took profit on one remaining, moved SL up to BE on the other.

Still being risk averse despite no immediate risks. Everything is looking good for the Dow.
  • #46,356
  • Feb 16, 2020 5:27pm Feb 16, 2020 5:27pm
Quoting Catempire
{quote} Neo it matters if you don’t have the same account if you are entering into the same trades, d1’s strategy works for him in his position but it certainly would have little hope of working for others in a different position.
Not true my friend. Perspective matters here... I’ll try to explain myself better.

If traders want to mirror Delta and do not have his account size they can still be successful, providing they apply the same risk management approach. With less capital their profits will be smaller - a $10k trade for him would be a $10-100 trade for someone else.

So... the question would be whether an individual wants to pursue a strategy without optimal profit. Probably not.

Therefore, the best strategy (in my opinion) would be to trade the higher H4-D1 time frames and seek bigger pullbacks (1-7%).

Traders with less capital will stand to profit more over time because: they won’t get stuck in trades where they bought at the top and have no capital to trade at the bottom, they will have a significant reduction in risk and maximised reward through entering at the bottom and gaining exponentially more points with executed longs.

Delta’s trading style is adaptable which most don’t seem to understand. Mostly he tends to scalp, but he can also afford to buy at the bottom, hold risk and take a ‘buy & hold’ approach when needed.
  • #46,357
  • Feb 16, 2020 5:32pm Feb 16, 2020 5:32pm
Quoting Neogenesis
{quote} Not true my friend. Perspective matters here... I’ll try to explain myself better. If traders want to mirror Delta and do not have his account size they can still be successful, providing they apply the same risk management approach. With less capital their profits will be smaller - a $10k trade for him would be a $10-100 trade for someone else. So... the question would be whether an individual wants to pursue a strategy without optimal profit. Probably not. Therefore, the best strategy (in my opinion) would be to trade the higher H4-D1...
dude delta is using a 2.2m € account and 200/1 leverage and opening 7 positions into dropping swings...

i appreciate your point but still disagree, that is not possible unless you have a shit ton of readies to risk.
Que Sera
  • #46,358
  • Feb 16, 2020 5:38pm Feb 16, 2020 5:38pm
I am agreeing with you totally and not discounting that.

There seems to be a recent undertone of people getting frustrated because they can’t trade his style.

Its absolutely fine to be building an account.

I took a big blast myself through my own greed and find myself rebuilding. My leverage is far less significant for now and I am scalping less. It is what it is.

People need to embrace their own journeys, determine their own entry points and let this beautiful thread keep rolling like the unstoppable tank that it is.
  • #46,359
  • Feb 16, 2020 5:56pm Feb 16, 2020 5:56pm
Quoting Neogenesis
I am agreeing with you totally and not discounting that. There seems to be a recent undertone of people getting frustrated because they can’t trade his style. Its absolutely fine to be building an account. I took a big blast myself through my own greed and find myself rebuilding. My leverage is far less significant for now and I am scalping less. It is what it is. People need to embrace their own journeys, determine their own entry points and let this beautiful thread keep rolling like the unstoppable tank that it is.
I’m in agreement with much of what you’ve said also - apart from the fact of mimicking deltas trades with a far smaller trading account, a strategy is in many ways built around how much collateral one has their disposal.

i like you have made, lost, made, spent, whittled away over the years - it’s true... building an account is probably the best way to learn.

The European laws around leverage that were put into place 2 years ago were probably for the benefit of the newbie / Amature as annoying as they are.

lastly there should be no hostility towards D1 & his strategy utterly ridiculous and nothing but pathetic jelousy from anyone who thinks otherwise. I’ve been following on and off since 2013 & as far as I can see he has always smashed it. My comments on Friday were nearly speculating that it’s a brave strategy as at some point if it’s always, buy buy buy, he will inevitably, get it wrong.
Que Sera
  • #46,360
  • Feb 16, 2020 6:32pm Feb 16, 2020 6:32pm
Fair comments, hope you stick around.

Added more at 29.4k. It’s buying in a bit ‘high’ - price is at its 20 day average, however, the market looks nothing but good at present (so, let’s watch it tank immediately!)
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