Carpe diem: Intraday tactics for Dax and Dow | Page 60 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

DAX, Nikkei 225 and Dow Jones only 11 replies

CFD DAX & DOW and more 17 replies

Carpe Diem: Nikkei 225 14 replies

finding good trades with Nasdaq, dow, spx, and dax 43 replies

Daily pivot point indicator on mt4 for dow and dax 1 reply

Attachments: Carpe diem: Intraday tactics for Dax and Dow
Exit Attachments

Carpe diem: Intraday tactics for Dax and Dow

  • #1,181
  • Oct 17, 2014 5:52am Oct 17, 2014 5:52am
Quoting ThePolarFox
That manipulation is odd. Greed, be careful with such moves, don't forget Yellen is speaking this afternoon, her speech will be dovish with high chances, means drop for US indices so will DAX follow.
Too Much Is Never Enough
  • #1,182
  • Oct 17, 2014 6:16am Oct 17, 2014 6:16am
had a little party, still not sober yet so i will not trade today.

as my goal 8500 was reached yesterday, i bought the first tranche of a long term stock portfolio:
allianz, basf, münchner rück, siemens, vw, caterpillar, j&j, mcdo, p&g, pfizer

good luck and have a great weekend everybody
fortis fortuna adiuvat
  • #1,183
  • Oct 17, 2014 6:20am Oct 17, 2014 6:20am
Quoting deltaone
had a little party, still not sober yet so i will not trade today. as my goal 8500 was reached yesterday, i bought the first tranche of a long term stock portfolio: allianz, basf, münchner rück, siemens, vw, caterpillar, j&j, mcdo, p&g, pfizer good luck and have a great weekend everybody
I like VW, some good engineering there
Interesting that you think we go up from here. What do you think US interest rate rises next year and/or more QE?
Thanks and wish you a great weekend too!
used to be undecided but nowadays can't make my mind up
  • #1,184
  • Oct 17, 2014 6:21am Oct 17, 2014 6:21am
Quoting deltaone
had a little party, still not sober yet so i will not trade today. as my goal 8500 was reached yesterday, i bought the first tranche of a long term stock portfolio: allianz, basf, münchner rück, siemens, vw, caterpillar, j&j, mcdo, p&g, pfizer good luck and have a great weekend everybody
Have a great WE D1
Too Much Is Never Enough
  • #1,185
  • Oct 17, 2014 6:24am Oct 17, 2014 6:24am
Quoting Ata-Turkoglu
Good Day Folks.. Fdax Right now we are possible finished Wave-5 of a bigger Wave-1 OR a Wave-5 of a corrective Wave-A Either way a corrective Wave-2 or Wave-B will follow this, heading towards south (If W2--> back to 38% - 61.8% levels, If WB --> back to --> %61.8 or even more) ADDITIONALLY: In case Wave 5 has not finished yet price could rise max. to 8805 Happy Trades
Ok right now I can see clearer that bigger wave 5 on my 5 min. chart still has not finished.. so if we just passed the end of Wave-4.. we will go higher towards 8805 - 8875 area.. anywhere inside that will the top of Wave-5 build itself.. I am aiming for the mids around 8840..

Happy Trades
Focus only on what truly matters!
  • #1,186
  • Oct 17, 2014 6:57am Oct 17, 2014 6:57am
Long @ 8703.. SL 8714-sh (will move up dynamically) (was late to here)) IMO some upward pressure today. happy to keep wider SL... maybe
Corripe Cervisiam!
  • #1,187
  • Edited 8:54am Oct 17, 2014 8:27am | Edited 8:54am
Ata's talk of cycles prompted me to look at the longer term ones so that I can better work out how the shorter terms ones fit into the BIG picture.

Dax - like all SM Indices - has been in a major bull cycle for years, with the last Main Cycle Low in March 2003 as a Main Cycle Wave 2 Low.

Thus we are now in Main Cycle Wave 3 - the major impulsive wave of the Elliott Wave Sequence, which typically ends ~the 1.382 to 1.618 expansion of Wave 1 - so 11,980 to 13180!

This Main Wave has many subdivisions of a smaller order and next I have shown a 4 hr chart with the Primary (first) subdivision. Here, PW 3 high was at the June highs, since when there is PW 4 correction, which usually follows an a / b / c corrective pattern, easily seen.

The last wave c of this correction is typically subdivided into 5 minor waves down and we MAY now have completed minor 5 down of wave c of corrective PW 4.

IF this is correct, then Primary Wave 5 upwards has started and its progress can be seen on the lower TFs, as wave structures of even lesser degrees.

Edit: Hower, this last PW 4 correction is so far short timewise, so the alternative is that we get an a/b/c upwards, followed by more downside.....TWT and the retraces on the hourly chart will show the way.....

Edit: I have added an hourly chart too
Attached Image(s) (click to enlarge)
Click to Enlarge Name: oct17 dax wkly.png Size: 46 KB
Click to Enlarge Name: oct17 dax 4hr.png Size: 43 KB
Click to Enlarge Name: oct17 dax 60m 1330.png Size: 41 KB
Trading Levels with WRBs
  • #1,188
  • Oct 17, 2014 8:29am Oct 17, 2014 8:29am
Quoting Islander
Ata's talk of cycles prompted me to look at the longer term ones so that I can better work out how the shorter terms ones fit into the BIG picture. Dax - like all SM Indices - has been in a major bull cycle for years, with the last Main Cycle Low in March 2003 as a Main Cycle Wave 2 Low. Thus we are now in Main Cycle Wave 3 - the major impulsive wave of the Elliott Wave Sequence, which typically ends ~the 1.382 to 1.618 expansion of Wave 1 - so 11,980 to 13180! This Main Wave has many subdivisions of a smaller order and next I have shown a 4 hr...

And on h4 I see bullish divergence price v histogram of MACD. A market doesnt often have this many down days without correction, the trend has been almost unbroken the last month
  • #1,189
  • Oct 17, 2014 9:01am Oct 17, 2014 9:01am
DAX, bearish divergence on M30 M15 and M5.
Double top is forming on M15 M30 chart.
Becareful to long.
  • #1,190
  • Oct 17, 2014 9:06am Oct 17, 2014 9:06am
DAX decided to go north.
  • #1,191
  • Oct 17, 2014 9:11am Oct 17, 2014 9:11am
I closed all my trades as it's Friday today.
Catch you next Monday.
Nice weekend.
  • #1,192
  • Oct 17, 2014 10:54am Oct 17, 2014 10:54am
Quoting Islander
Ata's talk of cycles prompted me to look at the longer term ones so that I can better work out how the shorter terms ones fit into the BIG picture. Dax - like all SM Indices - has been in a major bull cycle for years, with the last Main Cycle Low in March 2003 as a Main Cycle Wave 2 Low. Thus we are now in Main Cycle Wave 3 - the major impulsive wave of the Elliott Wave Sequence, which typically ends ~the 1.382 to 1.618 expansion of Wave 1 - so 11,980 to 13180! This Main Wave has many subdivisions of a smaller order and next I have shown a 4 hr...
Thanks for your analysis bro.. the only thing that I don't agree is the point which you marked "PW-3"... yes I agree it is the end of a 3rd wave, but not one of the main counting.. I think we are still inside the bigger wave 3 and it will continue up but first we have to finish its wave 4 which maybe happened today.. still not sure.. I doubt it because a wave 4 that comes after such a long wave 1, 2 and 3 can't end so quick, it must take much longer in time..

What I expect is a sideways flag move frst and weeks later it can go really up to finish wave 5.. (so we can really finish wave 3) then ABC much longer retracement of a main wave 4.. (that could be months) and then finally a real wave 5 that pushes price to 11.000 levels maybe 2016..

That's my long-term half cents over your analysis..

Happy Trades
Attached Image
Focus only on what truly matters!
  • #1,193
  • Oct 17, 2014 12:00pm Oct 17, 2014 12:00pm
Quoting Ata-Turkoglu
{quote} Ok right now I can see clearer that bigger wave 5 on my 5 min. chart still has not finished.. so if we just passed the end of Wave-4.. we will go higher towards 8805 - 8875 area.. anywhere inside that will the top of Wave-5 build itself.. I am aiming for the mids around 8840.. Happy Trades
Seems like the day will end as I had expected.. 1 hour ago I closed my last long at 8840.. thank God it was a profitable day and week for me.. hope you all did well too..

Wish you all a great weekend..

Happy Trades
Focus only on what truly matters!
  • #1,194
  • Oct 17, 2014 3:52pm Oct 17, 2014 3:52pm
Haave a nice weekend everyone .
  • #1,195
  • Oct 20, 2014 1:15am Oct 20, 2014 1:15am
Not happy with an open above Friday's high.
Could be hard to call this morning while the bulls and bears scrap it out.
Carpe Vinum.
  • #1,196
  • Oct 20, 2014 1:20am Oct 20, 2014 1:20am
good morning,

dax will retest the old august-low (8904) which was a support and now is a resistence, i guess.
apart from that it´s business as usual: daily pivots and candle stick patterns.

good luck!
fortis fortuna adiuvat
  • #1,197
  • Oct 20, 2014 1:22am Oct 20, 2014 1:22am
Good morning guys .Wish yo uall a green week and a happy one.Short at 8.871 M1 double top.I still dont have set at TP but i may look for a gap close near too 8.830.SL is 10 pips and moved to BE now.
  • #1,198
  • Oct 20, 2014 1:30am Oct 20, 2014 1:30am
Quoting mrcreosote
{quote} I like VW, some good engineering there Interesting that you think we go up from here. What do you think US interest rate rises next year and/or more QE? Thanks and wish you a great weekend too!
hi mrcreosote,

i think the fed will only increase interest rate if the us economy keeps up growing above inflation neutral potential rate - which will be not a bad sign. back to normal...
fortis fortuna adiuvat
  • #1,199
  • Oct 20, 2014 1:33am Oct 20, 2014 1:33am
morning, No brain straining this early on a Monday, trade taken purely on direction change 5min after open.
Attached Image (click to enlarge)
Click to Enlarge Name: de30201014.png Size: 71 KB
  • #1,200
  • Oct 20, 2014 1:37am Oct 20, 2014 1:37am
Quoting Alone.
Good morning guys .Wish yo uall a green week and a happy one.Short at 8.871 M1 double top.I still dont have set at TP but i may look for a gap close near too 8.830.SL is 10 pips and moved to BE now.
close manualy at +19 bcz of the three bullish M1.Could be a wrong but we will see.I need some coffe .
14 traders viewing now