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Carpe diem: Intraday tactics for Dax and Dow

  • #4,781
  • Jan 28, 2015 4:55am Jan 28, 2015 4:55am
Quoting LarryDarrell
{quote} Daily S1 at 10543 having attraction?
yes, s1 (mine is at 10.573?)
fortis fortuna adiuvat
  • #4,782
  • Jan 28, 2015 4:57am Jan 28, 2015 4:57am
Quoting deltaone
long @10580,5 sl -10 tp +30
closed at be. +-0 will restart when nyse opens.
fortis fortuna adiuvat
  • #4,783
  • Jan 28, 2015 5:03am Jan 28, 2015 5:03am
Quoting deltaone
{quote} yes, s1 (mine is at 10.573?)
, still taking this one, http://www.livecharts.co.uk/Members/...ock_pivots.php
OHLC looks okay for me?
Fail better.
  • #4,784
  • Jan 28, 2015 5:05am Jan 28, 2015 5:05am
IG - S1 10572

love sideways movement - will get bored and go out for a while and come back to a spike!!

Will the Bulls or Bears win this Support fight???
  • #4,785
  • Jan 28, 2015 6:32am Jan 28, 2015 6:32am
Possible Head and Shoulder, any thoughts?
Attached Image (click to enlarge)
Click to Enlarge Name: 20150128 H-S.JPG Size: 227 KB
  • #4,786
  • Jan 28, 2015 6:58am Jan 28, 2015 6:58am
Great video on head and shoulders if you have time to watch

https://tradeempowered.leadpages.net...raining-video/
  • #4,787
  • Jan 28, 2015 7:42am Jan 28, 2015 7:42am
Quoting LarryDarrell
{quote} , still taking this one, http://www.livecharts.co.uk/Members/...ock_pivots.php OHLC looks okay for me?
ohlc is correct, using xetra-data -> pivot points are correctly calculated

fdax is different - ohlc: 10825,50/10828,00/10596,00/10635,00 fdax pivots ->

r3 11.008,6667
r2 10.918,3333
r1 10.776,6667
p 10.686,3333
s1 10.544,6667
s2 10.454,3333
s3 10.312,6667

ig uses 24/5 data to calculate pivot points; ohlc 10842,00/10846,50/10592,00/10690,20 ->

r3 11.081,6333
r2 10.964,0667
r1 10.827,1333
p 10.709,5667
s1 10.572,6333
s2 10.455,0667
s3 10.318,1333

it´s well known here that i trade dax cfd´s (cash market) only between 09:00 - 17:30 cet (xetra). so one could say it´s theoretically inconsequent i use those 24/5 data based pivots. i had this discussion in the past (which is the correct data base/which pivots etc.) while doing my own empirical capital market research i found out that the 24/5 pivot points are working great, trading during xetra session - and as a self employed full-time trader my first goal is to make money, not to have a consistent theory

hope that helps, i´m in the need of an after-lunch sleep...
fortis fortuna adiuvat
  • #4,788
  • Jan 28, 2015 7:50am Jan 28, 2015 7:50am
Quoting deltaone
{quote} ohlc is correct, using xetra-data -> pivot points are correctly calculated fdax is different - ohlc: 10825,50/10828,00/10596,00/10635,00 fdax pivots -> r3 11.008,6667 r2 10.918,3333 r1 10.776,6667 p 10.686,3333 s1 10.544,6667 s2 10.454,3333 s3 10.312,6667 ig uses 24/5 data to calculate pivot points; ohlc 10842,00/10846,50/10592,00/10690,20 -> r3 11.081,6333 r2 10.964,0667 r1 10.827,1333 p 10.709,5667 s1 10.572,6333 s2 10.455,0667 s3 10.318,1333 it´s well known here that i trade dax cfd´s (cash market) only between 09:00 - 17:30 cet (xetra)....
whatever works, thanks for the clarification...

Inserted Video
Fail better.
  • #4,789
  • Jan 28, 2015 8:23am Jan 28, 2015 8:23am
Quoting deltaone
{quote} hi there, that´s anoying... thanks! like islander stated: it´s important to know when to stay aside. i´m not the best at this, but as long as i am a free, fulltime trader, i can decide when to enter markets and when not. most of these intraday-reversals start either between 17.30 - 18:30 h cet or in the crazy-hour (21:00 - 22:00 h cet). maybe it´s better for you to take a break after let´s say 3-4 trades at sl/be, taking a break of let´s say 1-2 h? trial and error, finding your set-up the empirical way - which is not very popular within...

Good Afternoon - as we are on the same wave-length it is not surprising that I totally agree with your post. I especially agree with the need to do your OWN Empirical Research. Before I trade ANY new market, I spend hundreds of hours doing basic research using both an A4 note pad with coloured pens and with Excel Spread Sheet.
This gives me a good grounding on the way in which the market being studied generally moves and its timing. This in turn helps me adapt my own trading to the rhythms of the market and my personal schedules.
As the old proverb says....."you reap what you sow"
Best
Islander

PS In this thread traders are using several different contracts and thus slightly different prices. THE import concept is the time of the entry discussed and how far it moved. This allows any reader to plot that input onto his/her own chart and make the appropriate offset
Trading Levels with WRBs
  • #4,790
  • Jan 28, 2015 8:29am Jan 28, 2015 8:29am
Quoting Islander
... Before I trade ANY new market, I spend hundreds of hours doing basic research...
See this is a philosophy and not trading so I gotta join. Basic research is just basic. To expand on analysis, I suggest reading signature of KiwiTrada: "If you are new, say bye to your account." Backtesting is great, but not working . I have superbacktested my firts scalping strategy pre 2008 data - thats about the time when I started trading - Started @ beginning of 2009. Guess what, fundamental wave totally crushed my indicators and account burned. Also worked in HFT futures trading company. Have backtested their brilliant strategy very well. Burned within 3 month after going live. . Just to expand,
T
"I know one thing, that I know nothing." Sokrates
  • #4,791
  • Edited 9:35am Jan 28, 2015 9:24am | Edited 9:35am
Quoting Tom_D_Trader
{quote} See this is a philosophy and not trading so I gotta join. Basic research is just basic. To expand on analysis, I suggest reading signature of KiwiTrada: "If you are new, say bye to your account." Backtesting is great, but not working . I have superbacktested my firts scalping strategy pre 2008 data - thats about the time when I started trading - Started @ beginning of 2009. Guess what, fundamental wave totally crushed my indicators and account burned. Also worked in HFT futures trading company. Have backtested their brilliant strategy...

Hey Tom - hope all's good with you

Yep, you're correct, loads of back-testing does NOT guarantee success.......but 1,000 of hours of screen time do help us to focus on what to look at / for and IMO on the 1m ID charts, research over 3 / 4 months of charts should get us close to a workable system......OK, I should say that my "basic" research does include various different studies involving time, velocity and volume in addition to the less esoteric stuff . Then there is NO substitute for live trading, which is just research in another form!

Best

Islander

PS: KiwiTrada's warning should be shown to EVERY Newbie....."If you are new, say bye to your account."
Trading Levels with WRBs
  • #4,792
  • Jan 28, 2015 9:33am Jan 28, 2015 9:33am
Quoting Islander
Hey Tom - hope all's good with you ..
Ofc mate, your "basic" research is awesome, see, thats why am watching you. Regarding those thousands of hours of screen time - I sometimes feel I can see robots twisting 5 min candles. And actually sometimes bet on robots defending some place. And since it is definitely not in my trading plan to shoot coz I think I saw a robot, have decided to make a 1K account and dedicate it just to my balls. Whenever I feel I have become one with the market and sure know what is going on, instead of using main account am gonna use guts account . Otherwise, everything fine with me, still having fun and beeing cynic . Watching your thread to learn more bout equities, you guys are doing great job.
Btw, Oil inventories right now.
Stay safe,
T
"I know one thing, that I know nothing." Sokrates
  • #4,793
  • Jan 28, 2015 9:59am Jan 28, 2015 9:59am
Like now on UJ chart. Feckers twisting H1 close below 117,75. Fake! Which possibly hits me...
edit: And hit . Ruined my day.
"I know one thing, that I know nothing." Sokrates
  • #4,794
  • Jan 28, 2015 10:02am Jan 28, 2015 10:02am
Quoting Islander
{quote} Good Afternoon - as we are on the same wave-length it is not surprising that I totally agree with your post. I especially agree with the need to do your OWN Empirical Research. Before I trade ANY new market, I spend hundreds of hours doing basic research using both an A4 note pad with coloured pens and with Excel Spread Sheet. This gives me a good grounding on the way in which the market being studied generally moves and its timing. This in turn helps me adapt my own trading to the rhythms of the market and my personal schedules. As the...
hi islander,

thanks. hope all is well on your side. i decided to stay aside till fomc.

p.s.: sorry i did not answer your pm yet, but i will do so this week.
fortis fortuna adiuvat
  • #4,795
  • Jan 28, 2015 12:39pm Jan 28, 2015 12:39pm
Quoting deltaone
{quote} hi islander, thanks. hope all is well on your side. i decided to stay aside till fomc. p.s.: sorry i did not answer your pm yet, but i will do so this week.
are U more long??
  • #4,796
  • Jan 28, 2015 12:55pm Jan 28, 2015 12:55pm
Quoting capetown
{quote} are U more long??
positions unchanged: dax etf + stocks. waiting for the fed, hoping to see an event-driven volatility breakout. if the release has the two keywords, headline algos will push dow higher, making new daily highs i guess.
fortis fortuna adiuvat
  • #4,797
  • Jan 28, 2015 1:05pm Jan 28, 2015 1:05pm
fortis fortuna adiuvat
  • #4,798
  • Jan 28, 2015 1:09pm Jan 28, 2015 1:09pm
maybe 10590!!!
None the wiser!
  • #4,799
  • Jan 28, 2015 1:10pm Jan 28, 2015 1:10pm
Quoting FxClown
maybe 10590!!!
S 10710 SL now be
None the wiser!
  • #4,800
  • Jan 28, 2015 1:12pm Jan 28, 2015 1:12pm
someone shorting it?
fortis fortuna adiuvat
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