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Carpe diem: Intraday tactics for Dax and Dow

  • #3,421
  • Dec 17, 2014 11:15am Dec 17, 2014 11:15am
Quoting Ata-Turkoglu
{quote} Yep
mmmgood
fortis fortuna adiuvat
  • #3,422
  • Dec 17, 2014 11:21am Dec 17, 2014 11:21am
Quoting capetown
{quote} Congrats... I have no " clue" how to do it..FOMC....very hard to trade for me. Congrats.
thanks. that was due to what i call my event driven breakout system.
but one certain red flag member still thinks i have "no freakin clue how to trade"
fortis fortuna adiuvat
  • #3,423
  • Dec 17, 2014 11:27am Dec 17, 2014 11:27am
@Ata: 100% what i expected. fundamental, macro-economic bias rules!

US-Notenbank senkt Zinserwartungen für Ende 2015 - Inflation bleibt unter Zielniveau, teilweise wegen Ölpreisen. Inflation bewegt sich zum Zielniveau wenn die Wirkung der Ölpreise nachlässt.
vor 11 Min (20:14) - Echtzeitnachricht


Fed bleibt mit Zinserhöhung nun "patient (geduldig)" und lässt Phrase "considerable time" weg.
vor 12 Min (20:13) - Echtzeitnachricht


FED erhöht BIP Prognose für 2014 von 2,0%-2,2% auf 2,3%-2,4%.
vor 19 Min (20:06) - Echtzeitnachricht


USA: Laut US-Notenbank Fed hat sich die Lage am US-Arbeitsmarkt weiter verbessert.
vor 21 Min (20:04) - Echtzeitnachricht
fortis fortuna adiuvat
  • #3,424
  • Dec 17, 2014 11:41am Dec 17, 2014 11:41am
well, +170 points on a single day is really a reason to have a party.

nunc est bibendum!

have a nice evening, everyone...
fortis fortuna adiuvat
  • #3,425
  • Dec 17, 2014 11:42am Dec 17, 2014 11:42am
Quoting deltaone
@Ata: 100% what i expected. fundamental, macro-economic bias rules! US-Notenbank senkt Zinserwartungen für Ende 2015 - Inflation bleibt unter Zielniveau, teilweise wegen Ölpreisen. Inflation bewegt sich zum Zielniveau wenn die Wirkung der Ölpreise nachlässt. vor 11 Min (20:14) - Echtzeitnachricht Fed bleibt mit Zinserhöhung nun "patient (geduldig)" und lässt Phrase "considerable time" weg. vor 12 Min (20:13) - Echtzeitnachricht FED erhöht BIP Prognose für 2014 von 2,0%-2,2% auf 2,3%-2,4%. vor 19 Min (20:06) - Echtzeitnachricht USA: Laut US-Notenbank...
I used to speak and read German fluently..now I have problem.
Anyway, I really admire Your trading, even in some days we are down and next day we see day in GREEN.
That is trading.

Good night from Slovakia..I need to rest for tomorrow....
  • #3,426
  • Dec 17, 2014 11:45am Dec 17, 2014 11:45am
Quoting capetown
{quote} I used to speak and read German fluently..now I have problem. Anyway, I really admire Your trading, even in some days we are down and next day we see day in GREEN. That is trading. Good night from Slovakia..I need to rest for tomorrow....
sorry, i can´t translate this anymore. thanks and cheers to slovakia!
fortis fortuna adiuvat
  • #3,427
  • Dec 17, 2014 1:02pm Dec 17, 2014 1:02pm
Quoting deltaone
yesterday more than 300.000 fdax contracts where traded at eurex, a 4years high. this means the 300 points rally was accompanied by high volume (the big boys play their game). friday is triple witching
Morning DeltaOne, can you explain the term "triple witching" ??
Have seen it before but yet to untangle the meaning - thanks
In the tempest of a fast moving market; not everyone is happy.
  • #3,428
  • Dec 17, 2014 1:12pm Dec 17, 2014 1:12pm
Attached Image (click to enlarge)
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Attached Image (click to enlarge)
Click to Enlarge Name: DAX_H4.gif Size: 140 KB


should be wave 4 - h1 or 2 H4 if that does not correction to ABC
  • #3,429
  • Dec 17, 2014 1:19pm Dec 17, 2014 1:19pm
Quoting kiwis
{quote} Morning DeltaOne, can you explain the term "triple witching" ?? Have seen it before but yet to untangle the meaning - thanks
http://en.wikipedia.org/wiki/Triple_witching_hour
http://www.investopedia.com/terms/t/...tchinghour.asp

hope that helps, can´t formulate a correct post anymore - i´m on party mode
maybe tomorrow...
all i can say now: the drop was a paradise for the big boys to go long, and this friday will be a day of great moves to the upside. 9800 is likely, higher levels possible. but now...

Inserted Video
fortis fortuna adiuvat
  • #3,430
  • Dec 17, 2014 1:21pm Dec 17, 2014 1:21pm
Quoting deltaone
Das Handelsvolumen an der NYSE liegt derzeit rund 21% über dem Durchschnitt der vergangenen 3 Monate. An der Nasdaq liegt das Handelsvolumen 10% über dem Durchschnitt vor 5 Min (20:00) - Echtzeitnachricht
Wenn dieser Anstieg ist auf Mutter und Vater Investoren Laden wieder ; kann es schnell , dass die großen Kanonen zu verkaufen und den Markt verläuft südlich zügig sein ....
In the tempest of a fast moving market; not everyone is happy.
  • #3,431
  • Dec 17, 2014 1:28pm Dec 17, 2014 1:28pm
Quoting deltaone
well, +170 points on a single day is really a reason to have a party. nunc est bibendum! have a nice evening, everyone...
Well done DeltaOne - you have made my journey very educational and an inspiration to watch; alongside Ata too of course.
Don’t hit it too hard...
In the tempest of a fast moving market; not everyone is happy.
  • #3,432
  • Dec 17, 2014 3:54pm Dec 17, 2014 3:54pm
thanks Deltaone
Even a clock that doesnt work is right twice a day
  • #3,433
  • Dec 17, 2014 5:57pm Dec 17, 2014 5:57pm
Quoting deltaone
{quote} thanks. that was due to what i call my event driven breakout system. but one certain red flag member still thinks i have "no freakin clue how to trade"
great thread you have here deltaone ,i think its pretty obvious from a certain red flag member posts who knows knows how the and markets are driven ,and tech gibberish
student
  • #3,434
  • Dec 17, 2014 8:15pm Dec 17, 2014 8:15pm
Quoting Islander
Simples......open a new 1m chart, go to "Scripts" - its under Expert Advisors in the Navigator - and drag the Period Convertor onto that 1m chart, the standrd setting is "3" then minimise that chart as its only purpose is to send 1m info to the "off line" charts. Then go to "file", "Open Offline" and scroll down to DE30 - or whatever Dax is called by your broker. Then choose M3 and click on "Open" and you will have a plain 3 min chart..... My chart here is actually a 2 min chart.... {image}
Quoting Motfund
Hi Smash, Give a try to this : > Put a renko builder expert on a dax chart. Various ones can be found on this website. > In the expert parameters choose 3 min and box of your prefered size in the parameters > Go to the main mt4 menu > Go to "open a offline chart" > Choose the dax 3 min chart which will appear in the available list, and finally add on it an heiken ashi indi... Not sure you'll get exactly the same results than the picture posted above, because if I am correct it depends on renko parameters and heiken ashi indi used. Was catching up...
Thank you both for your generous answer. It works!

The only issue for me now re: offline charts is it seems like you have to have the M1 chart open of the pair that you want to trade. For example, if you want an M3 chart of every pair your broker offers, then that would require an M1 chart of every pair your broker offers. Correct me if I'm wrong or if there is a way around this (because I am constantly switching currency pairs and time frames), but that would be a huge data hog and inconvenience.

Otherwise, thanks for the help!
Please check out my blog at https://from-zero-to-hero . net
  • #3,435
  • Dec 17, 2014 10:57pm Dec 17, 2014 10:57pm
[quote=smash1820;7952023]{quote} {quote} Thank you both for your generous answer. It works! The only issue for me now re: offline charts is it seems like you have to have the M1 chart open of the pair that you want to trade. For example, if you want an M3 chart of every pair your broker offers, then that would require an M1 chart of every pair your broker offers. Correct me if I'm wrong or if there is a way around this (because I am constantly switching currency pairs and time frames), but that would be a huge data hog and inconvenience. Otherwise, thanks for the help![/quote

Good morning All
I never used Renko charts ,would someone please explain what are the pros and cons of using M3 instead of M11 charts?
thxs
  • #3,436
  • Dec 17, 2014 11:09pm Dec 17, 2014 11:09pm
Quoting Islander
{quote} What you are showing here is how to build a RENKO chart - viz. each bar is of a fixed range - here 4 points or 40 ticks. The method of building these charts is similar, but they are NOT time based charts. Here is one of my Renko charts..... PS Do NOT confuse Renko Charts with Range Bar Charts - they are different! There are threads on both here in FF and I've used those too! PSS Adding Heiken Ashi to a Renko chart is "double smoothing" - again, I've posted those too..... {image}
Hi, your chart looks great. Can you give us a link to renko indicator? Thank you
  • #3,437
  • Edited 11:26pm Dec 17, 2014 11:13pm | Edited 11:26pm
Quoting macrino
Quoting smash1820
{quote} {quote} Thank you both for your generous answer. It works! The only issue for me now re: offline charts is it seems like you have to have the M1 chart open of the pair that you want to trade. For example, if you want an M3 chart of every pair your broker offers, then that would require an M1 chart of every pair your broker offers. Correct me if I'm wrong or if there is a way around this (because I am constantly switching currency pairs and time frames), but that would be a huge data hog and inconvenience. Otherwise,
...
It depends on each dealer, if you are a trader uses graphics nervous 3m if you are a peaceful trader uses graphics 11m.
These are the settings for each TF Renko EA.
In graphics 3m volume does not work because it is pure speculation and graphics for 11 minutes the volume if aid to decision-making.
Attached Images
  • #3,438
  • Dec 17, 2014 11:14pm Dec 17, 2014 11:14pm
Quoting smash1820
{quote} {quote} Thank you both for your generous answer. It works! The only issue for me now re: offline charts is it seems like you have to have the M1 chart open of the pair that you want to trade. For example, if you want an M3 chart of every pair your broker offers, then that would require an M1 chart of every pair your broker offers. Correct me if I'm wrong or if there is a way around this (because I am constantly switching currency pairs and time frames), but that would be a huge data hog and inconvenience. Otherwise, thanks for the help!...
GM all. So is
  • #3,439
  • Dec 17, 2014 11:17pm Dec 17, 2014 11:17pm
Let's see if I remove some pips.
Attached Image (click to enlarge)
Click to Enlarge Name: dax 18-12-14.png Size: 25 KB
  • #3,440
  • Dec 17, 2014 11:19pm Dec 17, 2014 11:19pm
Quoting jmss59
Let's see if I remove some pips. {image}
BE +3 now
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