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Carpe diem: Intraday tactics for Dax and Dow

  • #4,821
  • Jan 28, 2015 2:49pm Jan 28, 2015 2:49pm
Quoting deltaone
long @17207,4 sl -20 tp +60
sl = be now.
fortis fortuna adiuvat
  • #4,822
  • Jan 28, 2015 2:49pm Jan 28, 2015 2:49pm
Quoting FxClown
{quote} S 10710 Closed at 10590 +120 RR3/1
fortis fortuna adiuvat
  • #4,823
  • Jan 28, 2015 2:52pm Jan 28, 2015 2:52pm
Quoting deltaone
{quote} sl = be now.
sl hit. +-0
fortis fortuna adiuvat
  • #4,824
  • Jan 28, 2015 2:59pm Jan 28, 2015 2:59pm
why are you still trying to go long deltaone?
  • #4,825
  • Jan 28, 2015 3:23pm Jan 28, 2015 3:23pm
Quoting danvilman
why are you still trying to go long deltaone?
Quoting Fifth Axis
Hi D1, why are you trying to go long / counter trading instead of going with the stream ? You are also often counter trading with Daily pivots and S1. Why ? Is there more profit to make ? Or is it an advantage you have towards the other participants ? Thanks, 5th axis
please use the "quote"-function.

counter trading has a high likelihood for sucess with my setup, esp. during the last 2 hours on nyse. this session gave me no profit, except for the immediate reaction to the fomc-release (20:00-20:01 cet) which was +60 for me (to fast to post, but with announcement). the trades later were either +-0 or -20, summa summarum +40. of course this approach is not easy, but itīs my style and as long as iīm in constant profit on a weekly basis, i wonīt change. and again: everyone has to find itīs own way to success. no one should follow blindly anyone.
fortis fortuna adiuvat
  • #4,826
  • Jan 28, 2015 3:44pm Jan 28, 2015 3:44pm
Quoting Amahesh
Can someone explain this selloff?
The US markets have been in a downward trend on H1 since 3 days. Trend means there are in general more sellers (or buyers). That tendency continues over time spans, meaning trends tend to continue more than they break.

Considering this, the positive FOMC news was a good opportunity to sell shares by large holders, as the news brought (retail) buyers into the market. Those non-professionals believe that news are the driver for price movements, so they bought at the positive news. A large seller would have his sell triggers and limits spread above the price before the news. As the positive news broke, price spiked up, buyers were filled until there were less and less of them. As all those buyers had acquired their positions, there was noone left who still wanted to buy, but still some selling. Price fell. Buyers found themselves in a losing position and in order so limit their losses they were forced to sell, creating even more downward pressure.

Mahlzeit.
  • #4,827
  • Jan 28, 2015 4:36pm Jan 28, 2015 4:36pm
If DAX holds around 10575 then I think that a move to 10650 and above is feasible. If it gives way then it will depend on 10,550 support. If that is lost then we could go 10,420 area.
Volatility makes me feel alive!
  • #4,828
  • Jan 28, 2015 5:47pm Jan 28, 2015 5:47pm
Quoting deltaone
{quote}
Thanks D1. You are doing a great service in this thread.
None the wiser!
  • #4,829
  • Jan 28, 2015 5:50pm Jan 28, 2015 5:50pm
Quoting Curtis_S
{quote} The US markets have been in a downward trend on H1 since 3 days. Trend means there are in general more sellers (or buyers). That tendency continues over time spans, meaning trends tend to continue more than they break. Considering this, the positive FOMC news was a good opportunity to sell shares by large holders, as the news brought (retail) buyers into the market. Those non-professionals believe that news are the driver for price movements, so they bought at the positive news. A large seller would have his sell triggers and limits spread...
Great explaination.
None the wiser!
  • #4,830
  • Jan 28, 2015 5:51pm Jan 28, 2015 5:51pm
Quoting jcb94
If DAX holds around 10575 then I think that a move to 10650 and above is feasible. If it gives way then it will depend on 10,550 support. If that is lost then we could go 10,420 area.
I assume this was a technical analysis. Could you post a chart please?
None the wiser!
  • #4,831
  • Jan 28, 2015 6:39pm Jan 28, 2015 6:39pm
Quoting FxClown
{quote} I assume this was a technical analysis. Could you post a chart please?
Apologies if it's not that clear. (I didnt want to spend too long as i need to get some sleep lol)

575 and 550 provided great support previously, 650 acted as both support and resistance a number of times over past few days and is easy to spot on shorter term timframe like 10 or 15m. It is a bit easier to see these on the 10m chart but im not able to fit a long enough timespan in that is also easy to see.

The area around 10420 has a huge gap above it, which, once filled could be pretty supportive. We also have the trendline off of the Jan and June tops.

https://www.tradingview.com/x/NKvIMOwY/
Attached Image (click to enlarge)
Click to Enlarge Name: dax 28-1-15.png Size: 24 KB
Volatility makes me feel alive!
  • #4,832
  • Jan 29, 2015 1:46am Jan 29, 2015 1:46am
good morning,

first idea: gap-close (xetra-close was 10.710,97) - and trading the news, there are some today. one is missing on ff calendar: €zone business climate at 11:00 cet.

good luck!
fortis fortuna adiuvat
  • #4,833
  • Jan 29, 2015 1:54am Jan 29, 2015 1:54am
good that 10,575 held in futures trading and it's now having a second attempt at cracking 10,650. Deutche Bank did better than expected which has helped/will help this morning.
Volatility makes me feel alive!
  • #4,834
  • Jan 29, 2015 1:54am Jan 29, 2015 1:54am
Morning all - thanks Delta for the brief; gap close it is....
In the tempest of a fast moving market; not everyone is happy.
  • #4,835
  • Jan 29, 2015 1:57am Jan 29, 2015 1:57am
Quoting kiwis
Morning all - thanks Delta for the brief; gap close it is....
youīre welcome.
fortis fortuna adiuvat
  • #4,836
  • Jan 29, 2015 2:00am Jan 29, 2015 2:00am
GM everyone
My view is that maybe we will go to 10700 and then I will short
  • #4,837
  • Jan 29, 2015 2:01am Jan 29, 2015 2:01am
long @10655 sl -10 tp +30
fortis fortuna adiuvat
  • #4,838
  • Jan 29, 2015 2:02am Jan 29, 2015 2:02am
Quoting deltaone
long @10655 sl -10 tp +30
sl = be now.
fortis fortuna adiuvat
  • #4,839
  • Jan 29, 2015 2:10am Jan 29, 2015 2:10am
Quoting deltaone
{quote} sl = be now.
tp hit. +30
fortis fortuna adiuvat
  • #4,840
  • Jan 29, 2015 2:12am Jan 29, 2015 2:12am
Quoting deltaone
{quote} tp hit. +30

I turned away to make a tea and the trade had already formed and I missed it
In the tempest of a fast moving market; not everyone is happy.
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