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Carpe diem: Intraday tactics for Dax and Dow

  • #2,361
  • Nov 26, 2014 5:55am Nov 26, 2014 5:55am
Hi Deltaone

Nice thread you have here.

I wonder, when do you determine to move your stop to breakeven. The problem here is to do it so that you will get the move, but not be stopped out (if you have moved it to BE) by a small retracement.

And how much of your account size do you risk pr. trade?

I have been watching your trades for a while, and your 10/30 setup seems nice. Is this range based on your personal historical views of the dax moves?
When I try to copy you, I am often 5 point late, so I will have to make a 15 point stop. My profit target is then 25 in order to adjust to your setup. But this gives a bad 15/25 risk reward. Any comments on how to improve this?

Best regards, and thank you
Joalin1
  • #2,362
  • Nov 26, 2014 5:57am Nov 26, 2014 5:57am
Quoting ZA Rhino
We are seriously looking at 10000.... That's a little mind blow right here.
and don't forget that the June AT High at 10,048 only needs another 100 pts onto today's range
Trading Levels with WRBs
  • #2,363
  • Nov 26, 2014 7:04am Nov 26, 2014 7:04am
long @9877 sl -10 tp +30

sl = be now.
fortis fortuna adiuvat
  • #2,364
  • Nov 26, 2014 7:11am Nov 26, 2014 7:11am
Quoting Joalin1
Hi Deltaone Nice thread you have here. I wonder, when do you determine to move your stop to breakeven. The problem here is to do it so that you will get the move, but not be stopped out (if you have moved it to BE) by a small retracement. And how much of your account size do you risk pr. trade? I have been watching your trades for a while, and your 10/30 setup seems nice. Is this range based on your personal historical views of the dax moves? When I try to copy you, I am often 5 point late, so I will have to make a 15 point stop. My profit target...
will answer your question later, focus trading...
fortis fortuna adiuvat
  • #2,365
  • Nov 26, 2014 7:12am Nov 26, 2014 7:12am
Hi Folks..

This quick fall is not a good sign.. (There is big appetite for profit taking) My bias is short for a while..

Happy Trades
Focus only on what truly matters!
  • #2,366
  • Nov 26, 2014 7:33am Nov 26, 2014 7:33am
Quoting deltaone
long @9877 sl -10 tp +30 sl = be now.
sl hit. +-0
next try:

long @9883 sl -10 tp +30
fortis fortuna adiuvat
  • #2,367
  • Nov 26, 2014 7:33am Nov 26, 2014 7:33am
I agree with Ata. And after US data´s. I see short. TP 9800.
  • #2,368
  • Nov 26, 2014 7:56am Nov 26, 2014 7:56am
Quoting deltaone
{quote} sl hit. +-0 next try: long @9883 sl -10 tp +30
sl = be now.
sl hit. +-0
fortis fortuna adiuvat
  • #2,369
  • Nov 26, 2014 8:23am Nov 26, 2014 8:23am
Quoting kiwis
{quote} Arvo everyone (morning here), just delving more deeply into the numerical magic of fibs and can see where 10.720 comes into play; I found 10714 but hey I wear glasses so thats my excuse for being a few points out! Would appreciate it if someone could explain how 10.144 comes into the equation? Thanks,
Hi there Ata, when you have a bit of free time, can you explain how you came to 10144 in the earlier comment a few days ago? Were you using internal fib extensions within the main fib or was it another formula?
Appreciated
In the tempest of a fast moving market; not everyone is happy.
  • #2,370
  • Nov 26, 2014 8:24am Nov 26, 2014 8:24am
long 9890 sl -10 tp +30

sl = be now.

sl = hit. +-0
fortis fortuna adiuvat
  • #2,371
  • Nov 26, 2014 8:35am Nov 26, 2014 8:35am
Quoting kiwis
{quote} Hi there Ata, when you have a bit of free time, can you explain how you came to 10144 in the earlier comment a few days ago? Were you using internal fib extensions within the main fib or was it another formula? Appreciated
I used the magnetic lines indi v10.2, and using the monthly chart I drew a line from 1st candle shadow top (April 2010) to 2nd candle shadow top (May 2008) to 3rd candle shadow bottom (March 2009)... but keep in mind that many brokers have little differences and therefore values can differ.. but mainly I used the magnetic lines indi v10.2. Many times the targets found by that indi are not 100% accurate.. giving an extra +-40 points deviation on monthly measures will often be wise..

Sorry dude.. I must have missed your question the first time.. good that you asked again..

Happy Trades
Focus only on what truly matters!
  • #2,372
  • Nov 26, 2014 8:39am Nov 26, 2014 8:39am
long @9901 sl -10 tp +30
fortis fortuna adiuvat
  • #2,373
  • Nov 26, 2014 8:41am Nov 26, 2014 8:41am
Quoting deltaone
long 9890 sl -10 tp +30 sl = be now. sl = hit. +-0

Looks like your SL was my buy - or very close

Edit:out +10 on tighten stop - I noticed some selling ~ the pre XO open level
Trading Levels with WRBs
  • #2,374
  • Nov 26, 2014 8:45am Nov 26, 2014 8:45am
Quoting Islander
{quote} Looks like your SL was my buy - or very close Edit:out +10 on tighten stop - I noticed some selling ~ the pre XO open level
fortis fortuna adiuvat
  • #2,375
  • Nov 26, 2014 8:48am Nov 26, 2014 8:48am
Quoting Ata-Turkoglu
{quote} I used the magnetic lines indi v10.2, and using the monthly chart I drew a line from 1st candle shadow top (April 2010) to 2nd candle shadow top (May 2008) to 3rd candle shadow bottom (March 2009)... but keep in mind that many brokers have little differences and therefore values can differ.. but mainly I used the magnetic lines indi v10.2. Many times the targets found by that indi are not 100% accurate.. giving an extra +-40 points deviation on monthly measures will often be wise.. Sorry dude.. I must have missed your question the first...
Thanks for the explanation. It has cleared up that mystery for me on why I could not get the Fibs to fit with your calculations
In the tempest of a fast moving market; not everyone is happy.
  • #2,376
  • Nov 26, 2014 8:49am Nov 26, 2014 8:49am
Quoting kiwis
{quote} Thanks for the explanation. It has cleared up that mystery for me on why I could not get the Fibs to fit with your calculations
You're welcome bro.. wish you the very best..

Happy Trades
Focus only on what truly matters!
  • #2,377
  • Nov 26, 2014 10:31am Nov 26, 2014 10:31am
Quoting deltaone
long @9901 sl -10 tp +30
xetra is closed, so is my long. +20
fortis fortuna adiuvat
  • #2,378
  • Nov 26, 2014 10:37am Nov 26, 2014 10:37am
dow

long @17795 sl -20 tp +60 (dow > s1, candle 17:37)
fortis fortuna adiuvat
  • #2,379
  • Edited 12:04pm Nov 26, 2014 11:03am | Edited 12:04pm
just for fun - bought a binary with 1/10 of my profit:

dow to close higher (dow > 17814,9) at 35,90, payout 100/0

doubled that bet ​
fortis fortuna adiuvat
  • #2,380
  • Nov 26, 2014 12:35pm Nov 26, 2014 12:35pm
Quoting deltaone
dow long @17795 sl -20 tp +60 (dow > s1, candle 17:37)
sl = be now.
fortis fortuna adiuvat
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