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Carpe diem: Intraday tactics for Dax and Dow

  • #50,781
  • Jun 1, 2020 8:35am Jun 1, 2020 8:35am
L 25,250
  • #50,782
  • Jun 1, 2020 9:06am Jun 1, 2020 9:06am
Quoting ilhaner
L 25,250
closed 25,424
  • #50,783
  • Edited 9:32am Jun 1, 2020 9:19am | Edited 9:32am
L 25,421

SL at BE

SL hit

Reloaded 25,437
  • #50,784
  • Jun 1, 2020 9:19am Jun 1, 2020 9:19am
Long 25405
  • #50,785
  • Edited 10:15am Jun 1, 2020 10:01am | Edited 10:15am
Quoting ilhaner
L 25,421 SL at BE SL hit

Reloaded 25,437
Added 25,425

TP 25,625

Added 25,405
  • #50,786
  • Jun 2, 2020 3:41am Jun 2, 2020 3:41am
Out for +220, market might rise further today, will take more scalps on PBs.

Volume was bullish yesterday and fairly significant which means this is supported... but it's still so way over extended and needs a drop.
  • #50,787
  • Jun 2, 2020 3:50am Jun 2, 2020 3:50am
Quoting Neogenesis
Out for +220, market might rise further today, will take more scalps on PBs. Volume was bullish yesterday and fairly significant which means this is supported... but it's still so way over extended and needs a drop.
Another 500 - 750 point surge on the cards as the protests fizzle out. I think buying pullbacks aggresively until 26,500 would be a good strategy. Elections are 5 months away and Trump will do everything to keep this up.

Every now and then some negative china news will come out to dump and it will recover quickly just like the last trade war saga.
  • #50,788
  • Jun 2, 2020 3:52am Jun 2, 2020 3:52am
Quoting ilhaner
Added 25,425 TP 25,625 Added 25,405
TP HIT

Closed only half though , aiming for 26k
  • #50,789
  • Jun 2, 2020 5:05am Jun 2, 2020 5:05am
Quoting ilhaner
{quote} Another 500 - 750 point surge on the cards as the protests fizzle out. I think buying pullbacks aggresively until 26,500 would be a good strategy. Elections are 5 months away and Trump will do everything to keep this up. Every now and then some negative china news will come out to dump and it will recover quickly just like the last trade war saga.
The market is getting complacent and horrible Q2 data will start to trickle through in the next few weeks. Euphoria is usually met with some crushing blows but let's see!

When the S&P is above it's 200MA I feel comfortable playing.

I have a big allocation in Tesla - it's doing very well and I hope they're enrolled in the S&P shortly.
  • #50,790
  • Edited 10:23am Jun 2, 2020 10:10am | Edited 10:23am
L 25,555

Quoting Neogenesis
horrible Q2 data
I think data is not relevant anymore. Apparently it takes something more than 50% drop in gdp for a crash.
  • #50,791
  • Jun 2, 2020 10:23am Jun 2, 2020 10:23am
You saw the bounce off support on the 15min, me too

Low risk long entry for me too in the same area. Bought some more Tesla too!
  • #50,792
  • Jun 2, 2020 10:27am Jun 2, 2020 10:27am
Quoting ilhaner
L 25,555 {quote} I think data is not relevant anymore. Apparently it takes something more than 50% drop in gdp for a crash.
Oh for sure - absolutely agree on that.

Nothing really matters in this market from a fundamentals perspective right now. Fed have blown reality completely out of the window. However, when the market becomes a little too euphoric and retail start building their long positions, that's precisely when the carefully coordinated articles will be released by the media on Q2 data, China, Corona... whatever best suits the agenda to stop everyone out and establish some equilibrium.

I can see retail long interest is growing and we're overdue a drop, let's see. Timing the market is never an exact science as everyone knows.
  • #50,793
  • Jun 2, 2020 10:44am Jun 2, 2020 10:44am
Closed all longS 25,618
  • #50,794
  • Jun 2, 2020 12:31pm Jun 2, 2020 12:31pm
If fundamentals were reliable then all stock markets would be tanking IMO, but with all the printed money its being kept artifically up. I was expecting more of a retrace before a new move up.

I was stopped out both my trades yesterday at 25425 so only 400 point or so profits on those last ones.

I have entered a new short here at 25672 more on a gut feel tbh than anything on price action, will watch low time frames see if theres any joy.
  • #50,795
  • Jun 2, 2020 12:41pm Jun 2, 2020 12:41pm
If there is some joy would target level around London and Asian open.
  • #50,796
  • Jun 2, 2020 1:26pm Jun 2, 2020 1:26pm
L 25,645
  • #50,797
  • Jun 2, 2020 3:06pm Jun 2, 2020 3:06pm
Closed 1/3 position at 100 pip profit, other 2/3s currently underwater 60 pips.

Big pump at the end of the session 150 pips or so will have taken a number of stops out there.
  • #50,798
  • Jun 2, 2020 3:16pm Jun 2, 2020 3:16pm
Quoting Neogenesis
You saw the bounce off support on the 15min, me too Low risk long entry for me too in the same area. Bought some more Tesla too!
Out for around 200+ points. I wouldn't be surprised if this rises again during the Asian session but not holding any risk, prefer to be flat overnight.
  • #50,799
  • Jun 2, 2020 3:18pm Jun 2, 2020 3:18pm
Quoting el_duende
Closed 1/3 position at 100 pip profit, other 2/3s currently underwater 60 pips. Big pump at the end of the session 150 pips or so will have taken a number of stops out there.
If it finishes near its high then it should pull back overnight/tomorrow.
  • #50,800
  • Edited 3:47pm Jun 2, 2020 3:28pm | Edited 3:47pm
Quoting Neogenesis
If it finishes near its high then it should pull back overnight/tomorrow.
If trump keeps his mouth shut, pullback london open then off to 26k. 25,650 -26,000+ tomorrow range.
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