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Carpe diem: Intraday tactics for Dax and Dow

  • #50,561
  • May 14, 2020 6:22am May 14, 2020 6:22am
Placed 1st buy out of 3-4 depends on price action
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  • #50,562
  • May 14, 2020 6:27am May 14, 2020 6:27am
Attached Image
MAY THE TREND BE WITH YOU
  • #50,563
  • May 14, 2020 6:43am May 14, 2020 6:43am
I am still shorting DOW from last few days.

The FTSE100 has taken a beating today, DOW looking like it will fall off a cliff. 22,500 not unreasonable,

FED where are you
  • #50,564
  • May 14, 2020 7:03am May 14, 2020 7:03am
Its just scary out there right now
Not sure what the gamma is on the S&P
But I know it was negative yesterday
Look ahead, Macro=Direction, Levels & Structure = Entry
  • #50,565
  • May 14, 2020 7:08am May 14, 2020 7:08am
Quoting Sironet
Placed 1st buy out of 3-4 depends on price action {image}
out for little loss
  • #50,566
  • May 14, 2020 7:22am May 14, 2020 7:22am
Quoting Sironet
{quote} out for little loss
Did you see some GREEN ?

MAY THE TREND BE WITH YOU
  • #50,567
  • May 14, 2020 7:28am May 14, 2020 7:28am
Quoting Erebus
{quote} Did you see some GREEN ?
Thought bears are getting out of steam, saw potential pullback before additional sell-off. Well that is a trading and i was mistaken.
  • #50,568
  • May 14, 2020 7:29am May 14, 2020 7:29am
Quoting el_duende
Closed 1/3 of short positions. Will let other 2/3 run to see if we break this 23500 barrier for the bears. Targets if it does 23350 / 23000
All targets hit, entered a long at 23k for a potential spike up. (don't plan to hold for much time)

Edit 50 points and out lol that was faster than expected.

Now sitting out until 2.30pm
  • #50,569
  • May 14, 2020 7:34am May 14, 2020 7:34am
Quoting Sironet
{quote} Thought bears are getting out of steam, saw potential pullback before additional sell-off. Well that is a trading and i was mistaken.
broken 23,000, where are the usual suspects?

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MAY THE TREND BE WITH YOU
  • #50,570
  • May 14, 2020 7:48am May 14, 2020 7:48am
Just entered long slightly below 23. Will see how it goes. Expect some rebound as stops probably were taken just below the line in the sand.
For my fallen angels.
  • #50,571
  • May 14, 2020 7:52am May 14, 2020 7:52am
Another continuation down today, holdings my longs average at 23.3
  • #50,572
  • May 14, 2020 8:08am May 14, 2020 8:08am
Closed out my trades yesterday when the market closed high. Knew it would be curtains when the market closed high in a bearish sell off - more room to sell into.

Frustrating, I was waiting for a drop and it never seemed to come.... until! Might go short today on a pullback of upwards momentum, it's rising a bit now. Good ol' bull trap.

I would love another c.20% drop, more money in ETFs...
  • #50,573
  • Edited 8:27am May 14, 2020 8:16am | Edited 8:27am
Quoting Erebus
{quote} broken 23,000, where are the usual suspects? {image}
Who are the usual suspects, am I one?

I am here. Wins outweigh my losses so I don't mind - gotta take some losses. More frustrated that I was waiting for this drop and changed my conviction.

Throughout this recession I have been apportioning 80% into investments (it's the right time to invest while keeping some cash reserves) and 20% in the spot market. If I can sleep easy at night then my risk is ok...

As for Delta, he still walks out of this a multi millionaire. Will he care? Hmm probably not that much.
  • #50,574
  • May 14, 2020 8:20am May 14, 2020 8:20am
Quoting PianistYang
Another continuation down today, holdings my longs average at 23.3
Good luck to you - hope the market turns in your favour.

Seems like we are at key support on 4hr and could crash to 22.5k if this level is broken. But nobody really knows, fear is the driver again. One good article and fed pump and it's stonks to the moon!
  • #50,575
  • May 14, 2020 8:55am May 14, 2020 8:55am
Quoting SFundamental
Its just scary out there right now Not sure what the gamma is on the S&P But I know it was negative yesterday
In a pretty bad place now- fair bit a of neg gamma around at current prices
Look ahead, Macro=Direction, Levels & Structure = Entry
  • #50,576
  • May 14, 2020 9:01am May 14, 2020 9:01am
Quoting el_duende
I am still shorting DOW from last few days. The FTSE100 has taken a beating today, DOW looking like it will fall off a cliff. 22,500 not unreasonable, FED where are you
Cliff mode activated

My targets 22900 / 22750 / 22500
  • #50,577
  • May 14, 2020 9:13am May 14, 2020 9:13am
Took a short 22.9k
  • #50,578
  • May 14, 2020 9:19am May 14, 2020 9:19am
Quoting SFundamental
{quote} In a pretty bad place now- fair bit a of neg gamma around at current prices
Yeah... hey tomorrow could be messy, Friday sell offs. Let it rain blood!
  • #50,579
  • May 14, 2020 9:38am May 14, 2020 9:38am
Added another short 23022
  • #50,580
  • May 14, 2020 9:45am May 14, 2020 9:45am
Short 23050. Hope this goes down like Mary J. Blige!
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