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Carpe diem: Intraday tactics for Dax and Dow

  • #1,381
  • Oct 23, 2014 4:14am Oct 23, 2014 4:14am
Quoting deltaone
any open positions?
Still hold a short from 8998 - I think it was just about the time of your short... Have taken 1/2 profit at 20 pts will leave the rest either BE or a target of 8950. Not holding on with much hope on that - sentiment is rather bullish but as Ata-Turk reminds of the Thursday Yo Yo...
Carpe Vinum.
  • #1,382
  • Oct 23, 2014 4:33am Oct 23, 2014 4:33am
Quoting deltaone
{quote} hi ZA Rhino, thatīs ok. i donīt have to win all of my trades, i can live with 50/50 - but the last one was not a clever one tried sar first time, i think it was the last time. banked 15 pips on cable and will take a break now. any open positions?
best trading decision you can do right now so less vola.
got stopped out by the way.
  • #1,383
  • Oct 23, 2014 5:50am Oct 23, 2014 5:50am
Quoting Ata-Turkoglu
Fdax Right now I am happy with my profits.. so my waiting period started.. I will consider going long again when price comes back around 8920.. today is Thursday and don't forget the yo-yo effect.. Happy Trades
So far we are back at 8920 levels.. but still not ready to go long again.. it is wise to stay short on shorter timeframes because I still can't see any signs of reversal like divergence on 1m or 5m.. while price goes down I will take some short scalpers..

Happy Trades
Focus only on what truly matters!
  • #1,384
  • Oct 23, 2014 5:59am Oct 23, 2014 5:59am
Fdax (5 min.)

It looks like we are nearing the end of Wave 4 (ZigZag ABC) on 5m chart.. after that finishes we can trade a nice Wave 5 towards North with targets 9050 to
9100..

(Of course I still can't see divergence.. just fib 50% has been touched.. could go lower to fib 61.8% and even 78.. will not go long until I am 99.9% sure it ended)

Happy Trades
Focus only on what truly matters!
  • #1,385
  • Oct 23, 2014 6:14am Oct 23, 2014 6:14am
Quoting Ata-Turkoglu
Fdax Right now I am happy with my profits.. so my waiting period started.. I will consider going long again when price comes back around 8920.. today is Thursday and don't forget the yo-yo effect.. Happy Trades
nice call.. I joined you.. also bldy nice call early on when was falling out of sky.. and you say bllish
  • #1,386
  • Oct 23, 2014 6:16am Oct 23, 2014 6:16am
Quoting danc
{quote} nice call.. I joined you.. also bldy nice call early on when was falling out of sky.. and you say bllish
Focus only on what truly matters!
  • #1,387
  • Oct 23, 2014 6:48am Oct 23, 2014 6:48am
Fdax (5 min.)

So far we can assume wave 4 has ended and we are in wave 1 of the wave 5 uptrend.. that means we will have a last pullback (wave 2) and then I will enter long.. we could see it today.. so be patient and don't fully long yet.. exit after wave 1 finishes.. and wait for wave 2 to show itself and after that finishes we will trade a nice wave 3 inside wave 5.. (I am more bullish than before )

Happy Trades
Focus only on what truly matters!
  • #1,388
  • Oct 23, 2014 6:52am Oct 23, 2014 6:52am
Fdax

While I was writing the wave 2 pullback already started.. be careful now.. fib 38 to 62 area can be the start of bullish wave 3..

Happy Trades
Focus only on what truly matters!
  • #1,389
  • Oct 23, 2014 6:57am Oct 23, 2014 6:57am
my algo took this one:

long @8966,5 sl -20 tp +57 (first live trade hands-off, only back tests before - iīm a little bit excited )
fortis fortuna adiuvat
  • #1,390
  • Oct 23, 2014 7:12am Oct 23, 2014 7:12am
We are still at the beginning of Wave-A swing of Wave-2.. so I assume we will reach C maybe around 8930 levels.. it's my coffee time.. don't get bored

Happy Trades
Focus only on what truly matters!
  • #1,391
  • Oct 23, 2014 7:26am Oct 23, 2014 7:26am
Quoting deltaone
my algo took this one: long @8966,5 sl -20 tp +57 (first live trade hands-off, only back tests before - iīm a little bit excited )

Is'nt it a bit risky before the US jobless data??
  • #1,392
  • Oct 23, 2014 7:30am Oct 23, 2014 7:30am
Quoting Cprice76
{quote} Is'nt it a bit risky before the US jobless data??
yes, it is. but i have sworn that i wonīt touch this algo, just let it run. backtest results are phenomenal... twt.
fortis fortuna adiuvat
  • #1,393
  • Oct 23, 2014 7:33am Oct 23, 2014 7:33am
I assume the last spike wave B.. now waiting B to finish and also for the end of wave C that will follow it towards the downside.. and then I hope I can finally open a long..

Happy Trades
Focus only on what truly matters!
  • #1,394
  • Oct 23, 2014 7:41am Oct 23, 2014 7:41am
Quoting deltaone
{quote} yes, it is. but i have sworn that i wonīt touch this algo, just let it run. backtest results are phenomenal... twt.

Sounds good to me, I will try to buy on 20/30 point pull backs
  • #1,395
  • Oct 23, 2014 7:51am Oct 23, 2014 7:51am
Fdax (5 min)

Ok now we have double divergence on 5 min (end of wave B) Now our final drop (wave C) can start and when it ends it will be also the end of Wave-2, after that up up and up...

Happy Trades
Focus only on what truly matters!
  • #1,396
  • Oct 23, 2014 7:58am Oct 23, 2014 7:58am
Quoting Ata-Turkoglu
Fdax (5 min) Ok now we have double divergence on 5 min (end of wave B) Now our final drop (wave C) can start and when it ends it will be also the end of Wave-2, after that up up and up... Happy Trades
"no drop, just up - itīs still cheap atm :nerd:" says my algo
fortis fortuna adiuvat
  • #1,397
  • Oct 23, 2014 7:58am Oct 23, 2014 7:58am
Quoting deltaone
{quote} yes, it is. but i have sworn that i wonīt touch this algo, just let it run. backtest results are phenomenal... twt.
I often think it is best to let th etrade run its course, instead of always messing around with the stop loss level and profit target.
Simply have a set target and stop, and let it run- instead of constantly changing stop to Breakevens etc..
  • #1,398
  • Oct 23, 2014 8:04am Oct 23, 2014 8:04am
Quoting Cprice76
{quote} I often think it is best to let th etrade run its course, instead of always messing around with the stop loss level and profit target. Simply have a set target and stop, and let it run- instead of constantly changing stop to Breakevens etc..
this might be true - but it does not fit my psyche. so iīll keep operating manually the way i do - and let the algo do what it is created for.
fortis fortuna adiuvat
  • #1,399
  • Oct 23, 2014 8:10am Oct 23, 2014 8:10am
By moving the stop to breakeven point , is actually a negative because of the spread you are paying.Therefore statisically it is never a good idea to move stop once the trade is placed
  • #1,400
  • Oct 23, 2014 8:18am Oct 23, 2014 8:18am
Quoting Cprice76
By moving the stop to breakeven point , is actually a negative because of the spread you are paying.Therefore statisically it is never a good idea to move stop once the trade is placed
sorry, but be is including costs by definition. statistically proven over years i make constant profit - but if you use stops in another way and it is working for you, why not...
fortis fortuna adiuvat
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