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Carpe diem: Intraday tactics for Dax and Dow

  • #3,841
  • Jan 7, 2015 2:34am Jan 7, 2015 2:34am
Quoting deltaone
{quote} still have that long, typo 9500,3 was the entry: {image}
tp hit. +30
fortis fortuna adiuvat
  • #3,842
  • Jan 7, 2015 2:36am Jan 7, 2015 2:36am
Quoting Islander
GM - remember to check your calendars - its a busy morning, with the German Unemployment data first and ~ an hour later, EZ CPI and also, there's an ECB Meeting starting at XO... Edit: this afternoon we have the ADP Employment figure....
yes, and the fomc minutes in the evening
fortis fortuna adiuvat
  • #3,843
  • Jan 7, 2015 2:39am Jan 7, 2015 2:39am
Quoting Islander
Long 9503 SL now +1 Edit: SL now +10 TP +30 Edit: SL to +15 & TP +40 Edit SL to +20
Out +20 on stop - missed my TP by a couple of pts
Trading Levels with WRBs
  • #3,844
  • Jan 7, 2015 2:43am Jan 7, 2015 2:43am
Quoting Islander
{quote} Out +20 on stop - missed my TP by a couple of pts
time for a coffee, back for news?
fortis fortuna adiuvat
  • #3,845
  • Jan 7, 2015 2:50am Jan 7, 2015 2:50am
Quoting deltaone
{quote} yes, and the fomc minutes in the evening
We could see an absolute rocket actually at FOMC time on the Dow, as technically we are beautifully positioned on the Daily chart with the price having found support on the 100sma which is also right on the 76.4% retrace from the low on Dec 16th. Any dovishness from the Fed regarding interest rates and we could see the high 17000s. Definitely need to be sitting tight with the bit between our teeth at 7pm this evening!
  • #3,846
  • Jan 7, 2015 2:52am Jan 7, 2015 2:52am
Quoting Justinorwin
{quote} Hello Delta Another great trade! May I ask what sort of system entry criteria you look at? It looked like it was the bottom of a huge sell off.....you had confidence of another 60 points lower. Great call, wondering if you could shed some light on your system?
hi Justinorwin,

while trading manually, i look at the 1m candlestick charts with bollinger bands, daily pivot points, sma 100, sma200, macd and linear regression.
in addition, i look for breakouts and gap-closes

i trade dax with 4 standard contracts (cfd, deutschland 30 kassa) and sl -10 tp +30, moving sl to be when position is at +10 points.
i trade dow with 6 standard contracts (cfd, wall street kassa) and sl -20 tp +60
fortis fortuna adiuvat
  • #3,847
  • Jan 7, 2015 2:54am Jan 7, 2015 2:54am
Quoting cat
{quote} We could see an absolute rocket actually at FOMC time on the Dow, as technically we are beautifully positioned on the Daily chart with the price having found support on the 100sma which is also right on the 76.4% retrace from the low on Dec 16th. Any dovishness from the Fed regarding interest rates and we could see the high 17000s. Definitely need to be sitting tight with the bit between our teeth at 7pm this evening!
agreed. hoping for a trade due to my event driven volatility breakout system.
fortis fortuna adiuvat
  • #3,848
  • Jan 7, 2015 3:00am Jan 7, 2015 3:00am
Quoting deltaone
{quote} agreed. hoping for a trade due to my event driven volatility breakout system.
It's a risky time to trade, but the benefits far outweigh the costs so always worth a stab.
  • #3,849
  • Jan 7, 2015 3:01am Jan 7, 2015 3:01am
long @9530,8 sl -10 tp +30

sl = be now.

sl hit. +-0
fortis fortuna adiuvat
  • #3,850
  • Jan 7, 2015 3:09am Jan 7, 2015 3:09am
GM sell 9527
Attached Image (click to enlarge)
Click to Enlarge Name: dax 07-01-15 2.png Size: 42 KB
  • #3,851
  • Jan 7, 2015 3:13am Jan 7, 2015 3:13am
Quoting deltaone
{quote} agreed. hoping for a trade due to my event driven volatility breakout system.
Thanks Delta....out of interest have you ever traded the BUND market and if so how have you found it?
  • #3,852
  • Jan 7, 2015 3:18am Jan 7, 2015 3:18am
Quoting jmss59
GM sell 9527 {image}
closed +20
  • #3,853
  • Jan 7, 2015 3:22am Jan 7, 2015 3:22am
Quoting Justinorwin
{quote} Thanks Delta....out of interest have you ever traded the BUND market and if so how have you found it?
your welcome. no, dax and dow (sometimes gbpusd, eurusd and usdjpy) + stocks as an investment.
fortis fortuna adiuvat
  • #3,854
  • Jan 7, 2015 3:23am Jan 7, 2015 3:23am
Just wanted to add to my previous posts today that despite my short term bullishness, I am bearish longer term on both the Dax and Dow/S&P. We might well get a good rally off of the FOMC today, but we could get the opposite, as the Dow on both the Daily and Weekly threatens a fall towards 16,000. The Daily Dow chart, although support has been found for now, is showing MACD diversion and I have several key indicators pointing to a continued fall. The Dax will obviously follow suit. I know this is a bit out of step with the intra-day, but having a look at the bigger picture always helps. Again, this is just my take on it and we all have our methods. Anyone wants to disagree or concur with me I'b be delighted to see your view.
  • #3,855
  • Jan 7, 2015 3:36am Jan 7, 2015 3:36am
long @9495,5 sl -10 tp +30

sl = be now.
fortis fortuna adiuvat
  • #3,856
  • Jan 7, 2015 3:36am Jan 7, 2015 3:36am
.
Attached Image (click to enlarge)
Click to Enlarge Name: dax 07-01-15 3.png Size: 41 KB
  • #3,857
  • Jan 7, 2015 3:37am Jan 7, 2015 3:37am
Quoting jmss59
. {image}
closed +16
  • #3,858
  • Jan 7, 2015 3:40am Jan 7, 2015 3:40am
Quoting deltaone
{quote} time for a coffee, back for news?
Yes, as expected, no big moves before the data and I'm finding it difficult to post and trade, so trading comes first!

While we are waiting, I do not try to predict where price will go, I just follow my signals, BUT I do like to have an idea of the potential targets once a move does happen......
Attached Image (click to enlarge)
Click to Enlarge Name: j7 d15m 0930.png Size: 48 KB
Trading Levels with WRBs
  • #3,859
  • Jan 7, 2015 3:41am Jan 7, 2015 3:41am
Quoting deltaone
{quote} your welcome. no, dax and dow (sometimes gbpusd, eurusd and usdjpy) + stocks as an investment.
Great, thanks
  • #3,860
  • Jan 7, 2015 4:00am Jan 7, 2015 4:00am
closed manually before data. +25
long 9527,5 sl -10 tp +30
sl = be now.
sl hit. +-0
fortis fortuna adiuvat
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