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Carpe diem: Intraday tactics for Dax and Dow

  • #47,241
  • Feb 27, 2020 9:35am Feb 27, 2020 9:35am
Quoting Catempire
Or not. 14k on route. gold is going to smash new highs soon too.
Dream scenario.. I see this as a big oportunity like 2008 crash.

Lets see, we are not in bearmarket yet
  • #47,242
  • Feb 27, 2020 9:36am Feb 27, 2020 9:36am
I need a new strategy. I am missing out on too many "short" opportunities.
Whatever the mind can conceive, the mind can believe, the mind can achieve.
  • #47,243
  • Feb 27, 2020 9:37am Feb 27, 2020 9:37am
touched 100ema on weekly

maybe a little bounce

Long @26.000 Tight sl
Attached Image (click to enlarge)
Click to Enlarge Name: 100ema.JPG Size: 58 KB
  • #47,244
  • Feb 27, 2020 9:38am Feb 27, 2020 9:38am
Could bounce up to 26600 today imo.
Que Sera
  • #47,245
  • Feb 27, 2020 9:38am Feb 27, 2020 9:38am
Quoting montygoldy
Adding positions building longs as dow falling... til 25000 if it happens... overall my budget is 200 lots for this positioning... all tp will be 29000 ... sl: if i calculated properly will be margin call around 23500
Yikes.

Monty please be careful. As above, the bearish volume is at the level of the 2018/19 crash which realised a 20% drop. We are currently at 12%.

Above 10% you are looking at more than a correction. This could be an onslaught and a possible bear market now - don’t know yet of course, but it’s advisable to wait for bullish candles on the daily.

The Fed will certainly intervene at some point and there will be a rate cut. There’s a glorious recovery in this yet, but we are still in freefall.
  • #47,246
  • Feb 27, 2020 9:38am Feb 27, 2020 9:38am
This moves so fast..

Sl at breakeven..

I wish pointwise it could move like this everyday.
  • #47,247
  • Feb 27, 2020 9:42am Feb 27, 2020 9:42am
Quoting fxdk
This moves so fast.. Sl at breakeven.. I wish pointwise it could move like this everyday.
The ride back up is going to be just as much fun........ if it falls because of CV

What happens when it looks like CV is going away ????

Que Sera
  • #47,248
  • Feb 27, 2020 9:45am Feb 27, 2020 9:45am
Quoting fxdk
This moves so fast.. Sl at breakeven.. I wish pointwise it could move like this everyday.
take your profit.. it will take out this low again. most likley
It's in fear when people show what they truly value.
  • #47,249
  • Feb 27, 2020 9:47am Feb 27, 2020 9:47am
Quoting Neogenesis
{quote} Yikes. Monty please be careful. As above, the bearish volume is at the level of the 2018/19 crash which realised a 20% drop. We are currently at 12%. Above 10% you are looking at more than a correction. This could be an onslaught and a possible bear market now - don’t know yet of course, but it’s advisable to wait for bullish candles on the daily. The Fed will certainly intervene at some point and there will be a rate cut. There’s a glorious recovery in this yet, but we are still in freefall.
thanks, neo.. you the man...
Extreme gut feeling trader
  • #47,250
  • Feb 27, 2020 9:57am Feb 27, 2020 9:57am
[quote=fxdk;12779266]touched 100ema on weekly maybe a little bounce Long @26.000 Tight sl

Greed is good, but enough for me.

closed 26.300
  • #47,251
  • Feb 27, 2020 9:58am Feb 27, 2020 9:58am
Quoting Catempire
{quote} Monty what’s the logic behind that decision? & do you think it’s going to 25k ?
80% of my logic is my guts and some designing on charts to come up with those numbers....... but for 25k thats a hunch because i need a long tail candle on daily or weekly chart to go all in longs......(my usual trading mistakes monster positions at the top and very small positions at the bottom.... BUT this time.. very small positions at the top and when i get my tail candle... i will fire my bazooka of monstrous longs).... Plus if i have to.. i'll hold these positions for this year... Coz.... i am busy with my business endeavour and full time job.......
Extreme gut feeling trader
  • #47,252
  • Feb 27, 2020 10:00am Feb 27, 2020 10:00am
Quoting ensale
{quote} take your profit.. it will take out this low again. most likley
hey ensale, do you follow WTI? Any idea where that will bottom?
Cheers and good trading!
used to be undecided but nowadays can't make my mind up
  • #47,253
  • Feb 27, 2020 10:02am Feb 27, 2020 10:02am
[quote=fxdk;12779329]
Quoting fxdk
touched 100ema on weekly maybe a little bounce Long @26.000 Tight sl Greed is good, but enough for me. closed 26.300
ok plunge protection team is in.. but dont think this is over.. yet
It's in fear when people show what they truly value.
  • #47,254
  • Feb 27, 2020 10:04am Feb 27, 2020 10:04am
Quoting fxdk
touched 100ema on weekly maybe a little bounce Long @26.000 Tight sl
Looked at 26k, blinked, missed the fooker!
used to be undecided but nowadays can't make my mind up
  • #47,255
  • Feb 27, 2020 10:05am Feb 27, 2020 10:05am
Quoting mrcreosote
{quote} hey ensale, do you follow WTI? Any idea where that will bottom? Cheers and good trading!
im eyeing up 45 on WTI. for a buy... but intra day its a good buy on these drops.. we should get a nice swing to 55 soon, but below 40 and you know things have gotten pretty bad inmho.
It's in fear when people show what they truly value.
  • #47,256
  • Feb 27, 2020 10:06am Feb 27, 2020 10:06am
Quoting mrcreosote
{quote} Looked at 26k, blinked, missed the fooker!
same here... lol. bought little too early.. and missed the 26k. lol
It's in fear when people show what they truly value.
  • #47,257
  • Feb 27, 2020 10:16am Feb 27, 2020 10:16am
Quoting Catempire
From a techie point of view 26330 should be a very major support level.... the USA markets may react to the Japan helicopter money situation more than euro & Asia as America loves money liquidity news. America might see it as a sign of things to come.... however the fed WILL wait imo. it’s pointless throwing shit @ shit. https://m.youtube.com/watch?v=gq-3ZrjNDpg
Using fibonacci, the 61.8 retracement of the last swing high on the weekly charts for DOW and DAX are

DOW - 24532

DAX - 11600
  • #47,258
  • Feb 27, 2020 10:16am Feb 27, 2020 10:16am
Quoting Catempire
Could bounce up to 26600 today imo.
Potentially 26700 / 26800 at some point testing the current sell trend.
Que Sera
  • #47,259
  • Feb 27, 2020 10:31am Feb 27, 2020 10:31am
Quoting Kolumbianer
{quote} yes, i'll be out if it reaches ~26000. let's hope 27700 first
so... i survived 26000 opening some shorts before

14:18 gmt: @26510
14:46 gmt: @26406
14:48 gmt: @26295
15:23 gmt: @26215
15:31 gmt: @26114

closed them all at 15:35 gmt at ~26000.

i know this violates delta's rules of not posting hindsight, to be honest it was a panic move, but worked.

and to be fair i'm still holding floating drawdown with 7 longs.

@27297, @27199, @27106, @27000, @26700, @26500 and @26200: avg entry= ~26857

also im willing to build more sells while i hold my longs:

i have these new sells opened:

15:37 gmt: sell @26121
15:46 gmt:sell @26223
15:58 gmt: sell @26347
16:07 gmt: sell @26511.
Attached Image
Libertad y Orden
  • #47,260
  • Feb 27, 2020 10:35am Feb 27, 2020 10:35am
Where is Delta today? He's missing the action
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