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Carpe diem: Intraday tactics for Dax and Dow

  • #50,741
  • May 26, 2020 3:50am May 26, 2020 3:50am
Quoting Neogenesis
Exited for around 120+ on the short... just a cover, don't like shorting this market.
Still keeping longs?
  • #50,742
  • May 26, 2020 5:20am May 26, 2020 5:20am
Quoting HudithePfupf
{quote} If you warehousing risk by averaging positions, combined with a leveraged account and a huge capital base you can paint a picture of being a successful trader.
well, i searched, and the guy didnt always average down.

he used to post many single entry- single exit setups before taking them,
of course, you could argue if that real or demo or why he changed his approach later, according to him it was due to account size,
that no way to know if true or not,
but those live setups could be faked ?

but i have to agree no sane person would post screenshot of >100 millions account, knowing risks that brings.
or if that's even possible.
but to be fair, in my short time here i have not seen commercial intention from him, and i personally wont follow him to other place.
that's up each one.

p.s: sorry, no want clutter the thread. will delete if asked.
Libertad y Orden
  • #50,743
  • May 26, 2020 6:44am May 26, 2020 6:44am
Quoting ilhaner
{quote} Still keeping longs?
No, closed the old one for a small loss.

Opened a new long at 25.020 and also had a few from the Frankfurt session this morning (hindsight), wasn't thinking of posting with all the usual moans going on.

Price moved above the 200ma for the S&P. There will be a pullback soon, but it's relatively 'safe' to hold positions in the Spot market now imo.
  • #50,744
  • May 26, 2020 6:57am May 26, 2020 6:57am
Closed my shorts yesterday, thin market but loss taken and loss is loss. Still few points left on the table. Bought at 25,ooo but will manage the trade closely.
For my fallen angels.
  • #50,745
  • May 26, 2020 8:25am May 26, 2020 8:25am
150 points banked. Enough for today. Stay green.
For my fallen angels.
  • #50,746
  • May 26, 2020 11:54am May 26, 2020 11:54am
I closed out for around 120, momentum died
  • #50,747
  • May 27, 2020 6:54am May 27, 2020 6:54am
Went long 25214
  • #50,748
  • May 27, 2020 7:50am May 27, 2020 7:50am
SL tagged at BE.. looks like we'll get the nice little retracement now.
  • #50,749
  • May 27, 2020 7:23pm May 27, 2020 7:23pm
want to enter long.. but price is already too high (rsi overbought on most of the timeframes)... hoping to see a small pullback.....to unleash longs...
Extreme gut feeling trader
  • #50,750
  • May 27, 2020 10:44pm May 27, 2020 10:44pm
Yeah me too, Monty. Hence why I put that SL at BE.

Oh well - in again at 25748. It should drop soon but having some fun in the meantime.

Time to unleash the big guns on the next drop.

That said, AMD dropped 6%, Microsoft and Tesla all 2.5% yesterday. I loaded up on positions immediately and they all bizarrely recovered within the same day. This market is entirely synthetic and fixed, lol.
  • #50,751
  • Edited 1:08pm May 28, 2020 12:38am | Edited 1:08pm
Quoting Neogenesis
Yeah me too, Monty. Hence why I put that SL at BE. Oh well - in again at 25748. It should drop soon but having some fun in the meantime. Time to unleash the big guns on the next drop. That said, AMD dropped 6%, Microsoft and Tesla all 2.5% yesterday. I loaded up on positions immediately and they all bizarrely recovered within the same day. This market is entirely synthetic and fixed, lol.
some parts are more "synthetic" than others, yet trading this mixture of reality, hopes, fears, aspirations... and so on brings cash, and in the UK there is an option to have the profits tax free, with very little accounting costs and time spent on book kipping!!! So not all is that bad, though it is not as good as it has been some time ago.
Bucket shops will always be bucket shops, one has to keep that in mind, and stay under the radar if possible.
Make sure losses are small and profits are bigger!
  • #50,752
  • May 28, 2020 2:09am May 28, 2020 2:09am
Closed that position out for a small 100 points, momentum died again. Wonder if we will see a big drop in the initial hours of the US open for more buying room and better entries, it really should have a bearish turn soon.


@2be, yeah... I agree. As always the market isn't the economy. No matter where you sit in the economic debate; this market is grossly overvalued and synthetic. For what it's worth, that is great for me and my investments so I am happy.

Wonder if there'll be a big pullback 10% or more when Q2 data starts to trickle through..
  • #50,753
  • May 28, 2020 5:43am May 28, 2020 5:43am
any thoughts on Data ? Up Or Down ?
  • #50,754
  • May 28, 2020 6:20am May 28, 2020 6:20am
Data doesn't really apply at the moment... markets have been going against data for some time.

But in other data - Vix is slightly up, Bonds are down, risk on currencies are up. Mixed signals. Every time the market has fallen recently it's been supported.

Personally I am waiting for another decent pullback on the 4hr to load up on big positions. Although I will most likely take a scalp if the market pullsback a decent amount today.
  • #50,755
  • May 28, 2020 8:22am May 28, 2020 8:22am
Fed did it's job correctly keeping markets from collapse. Think it is currently driven by retail FOMO and optimistic hedgefunds trying to make their losses back, sooner or later there will be another leg of sell-off. However shorting it is no good idea. I will stick with buy the dip strategy on daily basis as it works nicely, we will see...
  • #50,756
  • May 28, 2020 8:50am May 28, 2020 8:50am
Intra-day vol is still less than half of what is usually is, which shows there's not many major forces in play.

If you look at the 5m it seems there's a triple top and it's dipped below the EMA. Let's see if it gets supported again, I am not shorting either!
  • #50,757
  • May 28, 2020 8:58am May 28, 2020 8:58am
Breaking out... long 25.682. Let's see
  • #50,758
  • May 28, 2020 9:28am May 28, 2020 9:28am
You mention the triple top play and that is what im playing atm so I am short from near the top.

Month end is tomorrow and it often ends as a big red day. Quick look on my chart and the last 12 months 9 of them were all red days. In the last 6 months all were red days.

So at this stage balance of probabililty I think we going down
  • #50,759
  • May 28, 2020 9:38am May 28, 2020 9:38am
Haha - let's see what ends up being correct, it will be hilarious if the triple top results in the market going short and I am on the wrong side.

I still believe it's going to drop again soon, but it made a bullish breakout on momentum so following that for now.
  • #50,760
  • May 28, 2020 9:43am May 28, 2020 9:43am
Put SL to BE, sunny day want to go enjoy...
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