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Carpe diem: Intraday tactics for Dax and Dow

  • #1,321
  • Oct 22, 2014 5:07am Oct 22, 2014 5:07am
Quoting wiseambition
{quote} 61.8 fib lines would suggest something like that if this current price action is w4 awaiting another sell off
I think this session of some wave 4 will could end today evening.. or tomorrow.. so yes I will stay short for a while.. even 8820 is on my radar..

But hey Paddlepip... come on it's not a castration.. it's more like the bulls started using condoms for a while

Happy Trades
Focus only on what truly matters!
  • #1,322
  • Edited 5:37am Oct 22, 2014 5:11am | Edited 5:37am
Quoting Ata-Turkoglu
{quote} come on it's not a castration..

edit: condom wearing bulls took my BE stop. damn it ata. stop being correct.

edit 2: should have had faith! next opportunity awaits.

# 3: will wait until NY gives direction. Until then brokering a deal with my local bear breeder to see what he can offer...
Corripe Cervisiam!
  • #1,323
  • Oct 22, 2014 5:35am Oct 22, 2014 5:35am
Observing the DOW cash account. The 31/12/13 high is where the chart is oscillating. Using a trend line from the 2009 low to the recent low I note a parallel line intersects todays high and has many touch points in the past. An equidistant line above this also many touch points notably the Nov 2008 low. If a high has been reached then I would expect to see wave 1 down to the January highs at 16659 then a 38.2% reversal back to the 31/12/13 high followed by wave 3 down. Pure speculation?
  • #1,324
  • Oct 22, 2014 5:54am Oct 22, 2014 5:54am
Quoting paddlepip
{quote} edit: condom wearing bulls took my BE stop. damn it ata. stop being correct. edit 2: should have had faith! next opportunity awaits. # 3: will wait until NY gives direction. Until then brokering a deal with my local bear breeder to see what he can offer...
Don't hurry right now.. most banks and traders are at lunch still.. don't allow wave 4 to whipsaw your profits.. be patient grasshopper

Happy Trades
Focus only on what truly matters!
  • #1,325
  • Oct 22, 2014 7:19am Oct 22, 2014 7:19am
Quoting Ata-Turkoglu
{quote} Don't hurry right now.. most banks and traders are at lunch still.. don't allow wave 4 to whipsaw your profits.. be patient grasshopper Happy Trades
Your insight Ata, and the rest of the crew here has been invaluable. Many many thanks. All about MM, RR in a no bullshit and realistic way for a vola market. Just fantastic stuff.

Hope D1 is enjoying family life right now.

On topic.. small short 8907 -10 SL, no idea for TP and will cancel soon if it's a bad call.. lol.

edit widened stop to -20
Corripe Cervisiam!
  • #1,326
  • Oct 22, 2014 7:21am Oct 22, 2014 7:21am
Quoting Ata-Turkoglu
{quote} Don't hurry right now.. most banks and traders are at lunch still.. don't allow wave 4 to whipsaw your profits.. be patient grasshopper Happy Trades
Has the feeling now it stopped being a wave 4 and is pushing up some more, "chaos" rules.
  • #1,327
  • Oct 22, 2014 7:26am Oct 22, 2014 7:26am
Fdax (15 min)

Be careful of 8930 barrier. Price could turn from here. I prefer to see a clean break before I can go long.

Happy Trades
Focus only on what truly matters!
  • #1,328
  • Oct 22, 2014 7:28am Oct 22, 2014 7:28am
Quoting paddlepip
{quote} Your insight Ata, and the rest of the crew here has been invaluable. Many many thanks. All about MM, RR in a no bullshit and realistic way for a vola market. Just fantastic stuff. Hope D1 is enjoying family life right now. On topic.. small short 8907 -10 SL, no idea for TP and will cancel soon if it's a bad call.. lol. edit widened stop to -20
Thanks mate.. we benefit from the strength of each other..

Happy Trades
Focus only on what truly matters!
  • #1,329
  • Oct 22, 2014 7:31am Oct 22, 2014 7:31am
NY opened crazy.. be careful now.. like always now I started to watch Dow in comparison with Dax..

Additionally: Normally IMO Dax is about to finish the C of its ABC retrace if no manipulations happens it should go back down.. but shit happens so we must be very careful.

Happy Trades
Focus only on what truly matters!
  • #1,330
  • Edited 8:03am Oct 22, 2014 7:43am | Edited 8:03am
Quoting Ata-Turkoglu
NY opened crazy.. be careful now.. like always now I started to watch Dow in comparison with Dax.. Additionally: Normally IMO Dax is about to finish the C of its ABC retrace if no manipulations happens it should go back down.. but shit happens so we must be very careful. Happy Trades
careful indeed!

Just widened again to 8965 cash.

very small position though.. after the bull in days prior rather happy (or stupid) to take this risk. will inform of the outcome lol.

edit: looking better, SL now -10

lol widened again.. carry trade (AUD/JPY/USD/JPY) and bunds are not helping me LOL. Holding the fort! Fuck off logic, attempting contrary behaviour!
Corripe Cervisiam!
  • #1,331
  • Oct 22, 2014 8:31am Oct 22, 2014 8:31am
Fdax (1 min.)

Looks like a triple top.. still waiting price to fall.. still careful!!!

Happy Trades
Focus only on what truly matters!
  • #1,332
  • Oct 22, 2014 8:36am Oct 22, 2014 8:36am
Quoting paddlepip
{quote} careful indeed! Just widened again to 8965 cash. very small position though.. after the bull in days prior rather happy (or stupid) to take this risk. will inform of the outcome lol. edit: looking better, SL now -10 lol widened again.. carry trade (AUD/JPY/USD/JPY) and bunds are not helping me LOL. Holding the fort! Fuck off logic, attempting contrary behaviour!

The approach you appear to be taking is one of gambling at not trading. However, it doesnt matter as long as one is + points/ticks at the end of the week/month.
  • #1,333
  • Oct 22, 2014 9:15am Oct 22, 2014 9:15am
Quoting paddlepip
{quote} Your insight Ata, and the rest of the crew here has been invaluable. Many many thanks. All about MM, RR in a no bullshit and realistic way for a vola market. Just fantastic stuff. Hope D1 is enjoying family life right now. On topic.. small short 8907 -10 SL, no idea for TP and will cancel soon if it's a bad call.. lol. edit widened stop to -20
hi paddlepip,

yes, i do. cooked blue trout for lunch, and now my wife baked apple pie
after this, i will trade dow.

good luck
fortis fortuna adiuvat
  • #1,334
  • Oct 22, 2014 9:35am Oct 22, 2014 9:35am
short dow @ 16645 sl -20 tp +60 (double top 1m)

edit: sl = be now.

closed manually. +30
fortis fortuna adiuvat
  • #1,335
  • Oct 22, 2014 9:53am Oct 22, 2014 9:53am
It's Wednesday again, we have narrow range as before.
Not so easy for scalping.
  • #1,336
  • Oct 22, 2014 9:59am Oct 22, 2014 9:59am
Looks like DOW cash account can't get passed yesterdays high which touched 200ema
  • #1,337
  • Oct 22, 2014 10:00am Oct 22, 2014 10:00am
Quoting xiaoxin
It's Wednesday again, we have narrow range as before. Not so easy for scalping.
http://upload.wikimedia.org/wikipedi...or-be-dead.jpg
fortis fortuna adiuvat
  • #1,338
  • Edited 10:14am Oct 22, 2014 10:02am | Edited 10:14am
long @16621 sl -20 tp +60 (macd)

edit: sl = be now.

closed manually. +20
fortis fortuna adiuvat
  • #1,339
  • Oct 22, 2014 10:25am Oct 22, 2014 10:25am
short @16648 sl -20 tp +60 (candle 16:23)
fortis fortuna adiuvat
  • #1,340
  • Oct 22, 2014 10:27am Oct 22, 2014 10:27am
Hi, D1, nice newspaper.
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