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Carpe diem: Intraday tactics for Dax and Dow

  • #50,581
  • May 14, 2020 9:51am May 14, 2020 9:51am
Maybe retest of 23300 before further down. Let's see.
  • #50,582
  • May 14, 2020 10:07am May 14, 2020 10:07am
This is intervention on a big scale. Wonder if they'll keep this up... say goodbye to the drop if so.
  • #50,583
  • May 14, 2020 10:20am May 14, 2020 10:20am
Currently at a major POC and yesterdays close (ish)
Nice place to sell stuff
Was perhaps oversold - but now looks a bit stretched.
They flipped at 15.00 GMT
Look ahead, Macro=Direction, Levels & Structure = Entry
  • #50,584
  • May 14, 2020 10:27am May 14, 2020 10:27am
Aggressive sellers - and they went short into the POC -
There is a HVN at the 50 so lets see

https://www.tradingview.com/x/VTebNeiS/
Look ahead, Macro=Direction, Levels & Structure = Entry
  • #50,585
  • May 14, 2020 10:29am May 14, 2020 10:29am
Quoting SFundamental
Aggressive sellers - and they went short into the POC - There is a HVN at the 50 so lets see https://www.tradingview.com/x/VTebNeiS/
Many pending orders executed on that lvl, in case of more bouncing on that lvl, i think bulls can push it higher
  • #50,586
  • May 14, 2020 10:31am May 14, 2020 10:31am
Sell order activated at 23300. Closed for 150 pts. Still holding my earlier short, in the red.
  • #50,587
  • May 14, 2020 10:43am May 14, 2020 10:43am
Bit of liquidity here

https://www.tradingview.com/x/ku5lxts9/
Look ahead, Macro=Direction, Levels & Structure = Entry
  • #50,588
  • May 14, 2020 10:54am May 14, 2020 10:54am
https://www.tradingview.com/x/n82oA4ho/

Shorts feeling some pain
Look ahead, Macro=Direction, Levels & Structure = Entry
  • #50,589
  • May 14, 2020 12:08pm May 14, 2020 12:08pm
Come back to my charts and im stopped out at B/E :0

600 point move so far North didn't see that coming, wonder if FED are back
  • #50,590
  • May 14, 2020 12:33pm May 14, 2020 12:33pm
Quoting el_duende
Come back to my charts and im stopped out at B/E :0 600 point move so far North didn't see that coming, wonder if FED are back
Yeah, I am literally astounded. The market was going down like a lead balloon.

Hahaha what a day! Don’t fight the ...
  • #50,591
  • May 14, 2020 1:31pm May 14, 2020 1:31pm
It would seem like the bottom of the channel/head&shoulders in Dow is going to be very hard for the bears to get trough. Do you guys think we are going to se the top of the Dow channel again in the coming week, or is all this just smoke and mirrors?
  • #50,592
  • May 14, 2020 1:50pm May 14, 2020 1:50pm
Fundamentally im still short, heck even news just out in last hour from Feds Kashkari paints a nasty picture

https://www.forexfactory.com/news/99...e#post12940998

Normally Trump/FED announce any new stimulus package so im not convinved that big move was FED pumping, puzzled.

Ive opened new shorts and holding them again hoping to get down to 23000 again
  • #50,593
  • May 14, 2020 2:05pm May 14, 2020 2:05pm
Sometimes we get easy trades on the DOW
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  • #50,594
  • May 14, 2020 2:22pm May 14, 2020 2:22pm
No legs on that short stopped out again at B/E. Ye was obvious short at 23500.
  • #50,595
  • May 14, 2020 3:12pm May 14, 2020 3:12pm
Imo this thing is going for 25K .. it missed that last time sucking bulls in and frontrunning shorts, before 61,8 fib retrace. and now we are down 8%

Lets see.

If not i would like 22.300 for building long term longs.
  • #50,596
  • May 14, 2020 3:14pm May 14, 2020 3:14pm
What an absurd day. Bad news the days before, bad trend, new unemployment numbers are terrible and the Dow turns around during the session and jumps over 800 points upwards. I sold my older shorts almost ideally but sadly entered back on the shorts way too early losing most of my profit from the morning -.-

And now I have no clue what to expect from tomorrow. I'm still a bear at heart here, but all my bearish trendlines are basically torn apart by the last hour.

Can I get some Trump interviews with him again threatening and blaming China?
  • #50,597
  • May 14, 2020 3:27pm May 14, 2020 3:27pm
Quoting GeorgeJung
It would seem like the bottom of the channel/head&shoulders in Dow is going to be very hard for the bears to get trough. Do you guys think we are going to se the top of the Dow channel again in the coming week, or is all this just smoke and mirrors?
What a reversal, full speed both ways. During such session it is so easy to make a small fortune, ... out from a big one.
Interesting what Fri will bring.
Make sure losses are small and profits are bigger!
  • #50,598
  • May 14, 2020 4:39pm May 14, 2020 4:39pm
Closed all at 23.6 approx +300. Will see how London goes today and go from there. Maybe another bull day to 24000?
  • #50,599
  • May 14, 2020 6:19pm May 14, 2020 6:19pm
Quoting Mahrgell
What an absurd day. Bad news the days before, bad trend, new unemployment numbers are terrible and the Dow turns around during the session and jumps over 800 points upwards. I sold my older shorts almost ideally but sadly entered back on the shorts way too early losing most of my profit from the morning -.- And now I have no clue what to expect from tomorrow. I'm still a bear at heart here, but all my bearish trendlines are basically torn apart by the last hour. Can I get some Trump interviews with him again threatening and blaming China?
Better to just stay out the market and let it blow over.

A 6th Amazon worker has died from Corona, this could cause a dent in the market tomorrow. I hold their stock too, meh!

If today wasn’t a fed pump, I would struggle to explain it. I have a good source of NYSE market data, and I can tell you the bearish data was literally as bad as the recent deep crash at one point. It was met with serious buying force that I’m not sure one institution alone could provide.

I understand we are in unprecedented times and these are measures to stop the markets from capitulating. I do think this has to be managed a lot better. If a market whipsaws 800 points in either direction in a matter of hours, traders (albeit institutional, HNW and retail alike) are going to walk away from the computer screen.
  • #50,600
  • May 14, 2020 11:55pm May 14, 2020 11:55pm
This time I was right about taken stops below 23. DOW as always has been and will be wild untamed animal you have to listen with your guts and heart not with your mind. Closed half of the position and expect next move up to 24. However, Friday may bring up wild swings. Stay green.
For my fallen angels.
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