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Carpe diem: Intraday tactics for Dax and Dow

  • #4,361
  • Jan 20, 2015 5:08am Jan 20, 2015 5:08am
Quoting twellve
Hi All What indicators do you use to tell if the market is coming out of a sideways move.....as I use a volume indi but doesnt show me that the market finally moves?? Thanks
moving averages.
  • #4,362
  • Jan 20, 2015 5:11am Jan 20, 2015 5:11am
Quoting cat
{quote} moving averages.

Thanks Cat - which ones and how? 200Ma??
  • #4,363
  • Jan 20, 2015 5:18am Jan 20, 2015 5:18am
Quoting twellve
{quote} Thanks Cat - which ones and how? 200Ma??
I won't tell you which ones, as we all use them differently, but it's all about their positioning and where they are relative to one another. Predictinf a break out in a choppy market like today is difficult to say the least, but if you have the key moving averages such as the 100 simple, and 200 exponential running up beneath the price on all the higher time frames, let's say, the 16m, 30m and 1 hour, but you have shorter moving averages which have got above the price, say here on the 30m TF, then you can expect the price to drop short term, perhaps to meet up with the rising MAs, where it may find support to rejoin the higher trend. It's all about playing around to see what works, something that has taken me many years.
  • #4,364
  • Jan 20, 2015 5:29am Jan 20, 2015 5:29am
Quoting cat
{quote} I won't tell you which ones, as we all use them differently, but it's all about their positioning and where they are relative to one another. Predictinf a break out in a choppy market like today is difficult to say the least, but if you have the key moving averages such as the 100 simple, and 200 exponential running up beneath the price on all the higher time frames, let's say, the 16m, 30m and 1 hour, but you have shorter moving averages which have got above the price, say here on the 30m TF, then you can expect the price to drop short...

Thanks Cat
  • #4,365
  • Jan 20, 2015 5:35am Jan 20, 2015 5:35am
Quoting twellve
{quote} Thanks Cat
Probably didn't help you much, but you're welcome.
  • #4,366
  • Jan 20, 2015 5:51am Jan 20, 2015 5:51am
Long dax 275 sl 12 tp 100
  • #4,367
  • Jan 20, 2015 6:09am Jan 20, 2015 6:09am
Sometimes a clean chart with a couple of trend lines helps show us what is happening - and remember to check the higher time frames

Also, knowing when NOT to trade helps.....
Attached Image (click to enlarge)
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Trading Levels with WRBs
  • #4,368
  • Jan 20, 2015 6:12am Jan 20, 2015 6:12am
Quoting Islander
Sometimes a clean chart with a couple of trend lines helps show us what is happening - and remember to check the higher time frames Also, knowing when NOT to trade helps..... {image}
Excellent
None the wiser!
  • #4,369
  • Jan 20, 2015 6:31am Jan 20, 2015 6:31am
Yes Islander, trend lines also very important. On this chart, which is the break-out on the 1 min chart, the black descending MA is significant when it joins the trend line beneath the price, and I'm looking for the 200ema ( purple descending ) to narrow into the price. What I look for then is a sharp move back away from the 200ema, and then finally a positive hammer, which here is marked with a yellow arrow. Easy to spot after the event as always, but this is the criteria I use. The 200ema is now beneath the price and is sending it up. Now it's important to look to the higher time frames to see where this might be headed.
Attached Image (click to enlarge)
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  • #4,370
  • Jan 20, 2015 7:50am Jan 20, 2015 7:50am
Attached Image (click to enlarge)
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None the wiser!
  • #4,371
  • Jan 20, 2015 8:01am Jan 20, 2015 8:01am
Quoting lakhan
Long dax 275 sl 12 tp 100
Sl hit
  • #4,372
  • Jan 20, 2015 8:16am Jan 20, 2015 8:16am
Careful now lasses n' fellas.
Corripe Cervisiam!
  • #4,373
  • Jan 20, 2015 8:30am Jan 20, 2015 8:30am
Quoting FxClown
{image}
That's pretty clear, all ready for the open of the NYSE....
Trading Levels with WRBs
  • #4,374
  • Jan 20, 2015 8:44am Jan 20, 2015 8:44am
long dow @17505,9 sl -20 tp +60

sl hit. -20
fortis fortuna adiuvat
  • #4,375
  • Jan 20, 2015 8:50am Jan 20, 2015 8:50am
Any ideas why's it's plummeting?
Volatility makes me feel alive!
  • #4,376
  • Jan 20, 2015 9:12am Jan 20, 2015 9:12am
Quoting jcb94
Any ideas why's it's plummeting?
I think it's because of Oil dropping.
  • #4,377
  • Jan 20, 2015 9:13am Jan 20, 2015 9:13am
Quoting jcb94
Any ideas why's it's plummeting?
Possibly end of wave 4. Now waiting retrace 38.2% and a solid 3 min candle engulfing to continue down around 17476 DOW cash. Note just bounced up off neckline
  • #4,378
  • Jan 20, 2015 9:31am Jan 20, 2015 9:31am
Quoting traderblah
{quote} Possibly end of wave 4. Now waiting retrace 38.2% and a solid 3 min candle engulfing to continue down around 17476 DOW cash. Note just bounced up off neckline
Neckline may have moved lower but old one has strength
Attached Image (click to enlarge)
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  • #4,379
  • Jan 20, 2015 9:43am Jan 20, 2015 9:43am
The Dow dropped ~200 pts shortly after the NYSE opened, taking Dax down with it and now its trying to do so again.....

Edit: increased volume at the retest of the low, profit taking??
Trading Levels with WRBs
  • #4,380
  • Jan 20, 2015 9:43am Jan 20, 2015 9:43am
needed a posting-pause: turned my daily p/l green with a dax-long, boght @10.215 (which was near yesterdays turning point pre xetra-close). i think this region is a good level to buy, so i´m long again @10.215 sl -20 tp +60

sl = be now.
fortis fortuna adiuvat
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