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Carpe diem: Intraday tactics for Dax and Dow

  • #49,661
  • Apr 16, 2020 7:06am Apr 16, 2020 7:06am
is it a rising wedge situation?
are we going into bear market....
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Extreme gut feeling trader
  • #49,662
  • Apr 16, 2020 8:09am Apr 16, 2020 8:09am
I am taking it day by day until we are above the 200MA on the daily (as of last week price is above on the weekly).

Underlying data is bullish (put/call ratio reduced substantially, volatility reducing) but we need to see a breakout of the current range. News could change everything in a moment so I will keep playing the 5m and wait til we're long term bullish again.

The economy is in tatters, but then as everyone seems to forget - the Dow isn't the economy lol.
  • #49,663
  • Edited 12:15pm Apr 16, 2020 11:00am | Edited 12:15pm
Quoting Neogenesis
Market is v. bipolar right now. We all know this is what you're in for if you play news releases, though. Bears still in control... looking like a red day to me.
DOW is certainly bipolar, and on mega strong steroids.
Make sure losses are small and profits are bigger!
  • #49,664
  • Edited 1:50pm Apr 16, 2020 12:13pm | Edited 1:50pm
Quoting montygoldy
is it a rising wedge situation? are we going into bear market.... {image}
Hi montygoldy
It looks like a rising wedge.
H4 for intermediate, inter week perspective is helpful.
I also find daily TF much more compelling for longer perspective.
I do expect a L around 24 April, the cycle analysis I use prints that, I treat it just as awareness, and will not be harmed if market does something totally different.
In its current climate all can go to pot rather fast.
It would not surprise me if the markets stays in that large range for a while.
I find that it comes with less stress to trade the quarterly futures with a spread of few more points, but not attracting the leverage costs while the position is opened, so I can keep it until the 3rd Fri of June, the end of current quarter.
Make sure losses are small and profits are bigger!
  • #49,665
  • Apr 16, 2020 12:42pm Apr 16, 2020 12:42pm
Quoting ilhaner
{quote} More 23,432 because its symmetrical
Closed 23,540 +23,430 Longs at 23,510
  • #49,666
  • Apr 16, 2020 1:52pm Apr 16, 2020 1:52pm
Quoting ilhaner
{quote} Closed 23,540 +23,430 Longs at 23,510
woaaa... what a crazy hour move..... u closed a bit early.....
Extreme gut feeling trader
  • #49,667
  • Apr 16, 2020 2:34pm Apr 16, 2020 2:34pm
Quoting ilhaner
{quote} Closed 23,540 +23,430 Longs at 23,510
I left my longs open... lol. Closing those out as soon as market reopens. Think it’s about 500+ total on longs, 200 on short.

Good day.
  • #49,668
  • Apr 16, 2020 2:47pm Apr 16, 2020 2:47pm
Quoting montygoldy
{quote} woaaa... what a crazy hour move..... u closed a bit early.....
I had to leave for a couple hours and didnt want to risk it. What was the move about? Just read some news about effectiveness of remdesivir on some preliminary results.
  • #49,669
  • Apr 16, 2020 2:55pm Apr 16, 2020 2:55pm
Market is looking for any odd reason to go up, doesn’t have to make any sense at all..
  • #49,670
  • Apr 16, 2020 3:05pm Apr 16, 2020 3:05pm
Long 24,220

TP 72,000
  • #49,671
  • Apr 16, 2020 3:17pm Apr 16, 2020 3:17pm
Quoting Neogenesis
{quote} I left my longs open... lol. Closing those out as soon as market reopens. Think it’s about 500+ total on longs, 200 on short. Good day.
Scratch that - almost doubled by the time market opened.
  • #49,672
  • Apr 16, 2020 3:26pm Apr 16, 2020 3:26pm
Long'd Dax, dow, oil, eur/usd - shorted gold,
  • #49,673
  • Apr 16, 2020 4:20pm Apr 16, 2020 4:20pm
Where is D1 and his 25k indices???
  • #49,674
  • Apr 16, 2020 4:27pm Apr 16, 2020 4:27pm
Quoting ilhaner
Where is D1 and his 25k indices???
enjoying his millions...
Extreme gut feeling trader
  • #49,675
  • Apr 17, 2020 5:11am Apr 17, 2020 5:11am
good day,

started buying, long 2.000

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fortis fortuna adiuvat
  • #49,676
  • Apr 17, 2020 5:11am Apr 17, 2020 5:11am
long 4.000

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fortis fortuna adiuvat
  • #49,677
  • Apr 17, 2020 5:12am Apr 17, 2020 5:12am
long 6.000

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fortis fortuna adiuvat
  • #49,678
  • Apr 17, 2020 5:16am Apr 17, 2020 5:16am
long 8.000

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fortis fortuna adiuvat
  • #49,679
  • Apr 17, 2020 5:18am Apr 17, 2020 5:18am
long 10.000

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fortis fortuna adiuvat
  • #49,680
  • Apr 17, 2020 5:21am Apr 17, 2020 5:21am
long 11.000

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fortis fortuna adiuvat
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