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Carpe diem: Intraday tactics for Dax and Dow

  • #50,021
  • Apr 23, 2020 3:50pm Apr 23, 2020 3:50pm
Quoting el_duende
What odds we get back to 23900 today )
All right all my longs are now in underwater... still holding for now...maybe tomorrow we can push higher .. friday is always tricky mostly both sides action
Extreme gut feeling trader
  • #50,022
  • Apr 23, 2020 5:38pm Apr 23, 2020 5:38pm
I closed out, can see Friday being a bloodbath due to investor fears. Not ideal but not the end of the world either.
  • #50,023
  • Apr 23, 2020 6:37pm Apr 23, 2020 6:37pm
Quoting Neogenesis
I closed out, can see Friday being a bloodbath due to investor fears. Not ideal but not the end of the world either.
i dont see bloodbath may be i am wrong... but i surely see both sides move through my exp especially on friday but i believe maybe weekly candle try to push higher..my system on daily candle showing up move..
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Extreme gut feeling trader
  • #50,024
  • Apr 24, 2020 5:47am Apr 24, 2020 5:47am
Looking bullish actually. Hmm shouldn’t have closed out but I thought that would be a major risk off moment.
  • #50,025
  • Apr 24, 2020 6:09am Apr 24, 2020 6:09am
Quoting Neogenesis
Looking bullish actually. Hmm shouldn’t have closed out but I thought that would be a major risk off moment.
slightly positive my positions......but i still believe daily candle has a lot of potential to go north.. i am gonna hold my positions till 24000 today or next week....
Extreme gut feeling trader
  • #50,026
  • Apr 24, 2020 7:38am Apr 24, 2020 7:38am
Long 23606
  • #50,027
  • Apr 24, 2020 7:39am Apr 24, 2020 7:39am
Quoting montygoldy
{quote} slightly positive my positions......but i still believe daily candle has a lot of potential to go north.. i am gonna hold my positions till 24000 today or next week....
Yeah, market brushed off the news. Glad you held, bit annoyed for myself.

I thought major risk off would ensue.
  • #50,028
  • Apr 24, 2020 8:03am Apr 24, 2020 8:03am
Quoting Neogenesis
{quote} Yeah, market brushed off the news. Glad you held, bit annoyed for myself. I thought major risk off would ensue.
as delta said always... its a game of deep pockets....
Extreme gut feeling trader
  • #50,029
  • Apr 24, 2020 8:42am Apr 24, 2020 8:42am
Had my SL at BE, triggered.

Volume still says bullish so will wait out this pullback. Wouldn’t mind a bloodbath, though!
  • #50,030
  • Apr 24, 2020 8:54am Apr 24, 2020 8:54am
Long 23570
  • #50,031
  • Apr 24, 2020 9:13am Apr 24, 2020 9:13am
that thing is ready to plummet like an overripe banana, yet it doesn't!! all my short BE since open taken back on these massive retraces. Not a day for my I guess, I should take the clue and wrap up the week
  • #50,032
  • Apr 24, 2020 9:17am Apr 24, 2020 9:17am
Volume just changed to bearish. Might be a bloodbath by end of day.

Closed out for a small loss, not going to play a whipsawing market.
  • #50,033
  • Apr 24, 2020 9:33am Apr 24, 2020 9:33am
Quoting ForeverNewb
that thing is ready to plummet like an overripe banana, yet it doesn't!! all my short BE since open taken back on these massive retraces. Not a day for my I guess, I should take the clue and wrap up the week
Dont close out if you’re at BE - ride it. This could absolutely plummet by end of day based on current data.

I generally don’t short because equities markets are engineered against that. If the Fed see the market tanking again, they could put hundreds of billions back in instantly.

Although it should be a bloodbath, nobody would bat an eyelid and raise a question if this finished 2% up.

For what it’s worth; different measures of data aren’t congruent with one another today which may explain whipsawing. Volume has flicked from positive to negative, put ratio is up 5%, yet the Vix is down 5%. Bonds are down yet stocks are down too.
  • #50,034
  • Apr 24, 2020 9:50am Apr 24, 2020 9:50am
Quoting Neogenesis
{quote} Dont close out if you’re at BE - ride it. This could absolutely plummet by end of day based on current data. I generally don’t short because equities markets are engineered against that. If the Fed see the market tanking again, they could put hundreds of billions back in instantly. Although it should be a bloodbath, nobody would bat an eyelid and raise a question if this finished 2% up. For what it’s worth; different measures of data aren’t congruent with one another today which may explain whipsawing. Volume has flicked from positive to...
PA has held and bounced up of the Previous Session Close, that usually is an indication for a move up.
As to where the session will finish? its Friday, and all is possible.
During the session there was a good scenario to go for the gap close, then I scalped around the previous session close and the round 500 number.
Flat atm, have to concentrate on family for a while. Will become grandfather soon! (yes I am in that well deserved age bracket)
Good weekend to all!
Make sure losses are small and profits are bigger!
  • #50,035
  • Apr 24, 2020 9:56am Apr 24, 2020 9:56am
Quoting Neogenesis
{quote} Dont close out if you’re at BE - ride it. This could absolutely plummet by end of day based on current data. I generally don’t short because equities markets are engineered against that. If the Fed see the market tanking again, they could put hundreds of billions back in instantly. Although it should be a bloodbath, nobody would bat an eyelid and raise a question if this finished 2% up. For what it’s worth; different measures of data aren’t congruent with one another today which may explain whipsawing. Volume has flicked from positive to...
I meant I was entering short a few times (3 or 4, will see at end of day analysis) closing 1/2 position after expected move and moving the rest to BE+ something, but all moved back 70-95% retrace (on the short order flow I was looking at) and so my BE+ SL been taken out. Usually that's a clue that I am not fully in tune with the market of the day hence wrapping up as in general if continue to trade in such market this source of large give back to market (which means just looking at it until my normal end time to exercize my patience, then will do my analysis and turn off all screens)
But agreed it can still go down hard... can also go up hard... so end of active trading day for me
  • #50,036
  • Apr 24, 2020 9:58am Apr 24, 2020 9:58am
Quoting 2be
{quote} PA has held and bounced up of the Previous Session Close, that usually is an indication for a move up. As to where the session will finish? its Friday, and all is possible. During the session there was a good scenario to go for the gap close, then I scalped around the previous session close and the round 500 number. Flat atm, have to concentrate on family for a while. Will become grandfather soon! (yes I am in that well deserved age bracket) Good weekend to all!
Congrats on being a GF!!!
being Friday is also a big part of my reason to wrap up... hate to finish the week on a bad note... makes me grumpy for the week-end
  • #50,037
  • Apr 24, 2020 10:04am Apr 24, 2020 10:04am
Quoting 2be
{quote} PA has held and bounced up of the Previous Session Close, that usually is an indication for a move up. As to where the session will finish? its Friday, and all is possible. During the session there was a good scenario to go for the gap close, then I scalped around the previous session close and the round 500 number. Flat atm, have to concentrate on family for a while. Will become grandfather soon! (yes I am in that well deserved age bracket) Good weekend to all!
Congrats 2be!!!!Enjoy!
  • #50,038
  • Apr 24, 2020 10:12am Apr 24, 2020 10:12am
Quoting 2be
{quote} PA has held and bounced up of the Previous Session Close, that usually is an indication for a move up. As to where the session will finish? its Friday, and all is possible. During the session there was a good scenario to go for the gap close, then I scalped around the previous session close and the round 500 number. Flat atm, have to concentrate on family for a while. Will become grandfather soon! (yes I am in that well deserved age bracket) Good weekend to all!
Yeah... don’t disagree, hence why I went long a few times earlier. Then underlying data screamed bearish and I got out. It has since whipsawed.

Something doesn’t make sense.

I am not anticipating a big drop, but last time I advised everyone a few weeks in advance that data wasn’t stacking up, and myself went long, the initial Corona drop occurred.

Perhaps it’s just investor confusion leading to whipsawing price and skewed data.
  • #50,039
  • Apr 24, 2020 10:13am Apr 24, 2020 10:13am
You have done well!
Acknowledging that one is out of sync with the market is already good achievement.
My biggest losses have been when I convinced myself that I have been in sync with market, especially on intraday.
If possible I prefer not to have a bias, than have a faulty one.
I find that for scalping, especially for scalping, having bias is too stressful, I just trade the simple strategy, just allow the strategy to be utilized.
Good weekend to you.
Make sure losses are small and profits are bigger!
  • #50,040
  • Apr 24, 2020 11:46am Apr 24, 2020 11:46am
Quoting 2be
{quote} PA has held and bounced up of the Previous Session Close, that usually is an indication for a move up. As to where the session will finish? its Friday, and all is possible. During the session there was a good scenario to go for the gap close, then I scalped around the previous session close and the round 500 number. Flat atm, have to concentrate on family for a while. Will become grandfather soon! (yes I am in that well deserved age bracket) Good weekend to all!
Congrats 2be .... i am holding my longs like a stubborn kid.... i want my 24000..probably next week or so.....90% of time when my system throws a up signal on daily chart .. i just buy with closed eyes.... either i make it or margin call... which sits around 22000
Extreme gut feeling trader
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