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Carpe diem: Intraday tactics for Dax and Dow

  • #5,001
  • Feb 4, 2015 2:38am Feb 4, 2015 2:38am
Hello, first of all I introduce myself, I am from Portugal and follow your topic since its creation by DELTAONE.
So far absorbed knowledge as I could.
I hope to continue to learn and get to the point of sharing little I have also to contribute.
Sorry for the English
Thank U
  • #5,002
  • Feb 4, 2015 2:52am Feb 4, 2015 2:52am
Quoting Islander
{quote} GM - I joined you 5m after XO - SL now +30, TP +50 at the 50% retrace...currently we are at yesterday's low....

Blast - that's the second miss of my TP by a couple of ticks....out on stop +40.............finished for now.....
Trading Levels with WRBs
  • #5,003
  • Feb 4, 2015 3:09am Feb 4, 2015 3:09am
Strong PMI data from Germany 30mins ago. No more longs?
  • #5,004
  • Feb 4, 2015 3:20am Feb 4, 2015 3:20am
Quoting PariCovek
Strong PMI data from Germany 30mins ago. No more longs?

..Doesnt over 50 mean that its good? so why wouldnt the market like this and go Long? Please help!
  • #5,005
  • Feb 4, 2015 3:24am Feb 4, 2015 3:24am
Quoting twellve
{quote} ..Doesnt over 50 mean that its good? so why wouldnt the market like this and go Long? Please help!
In theory yes, but I guess with stock markets its more about the fundamentals of the companies in the Index rather than economic data.
  • #5,006
  • Feb 4, 2015 3:27am Feb 4, 2015 3:27am
Quoting Islander
{quote} GM - I joined you 5m after XO - SL now +30, TP +50 at the 50% retrace...currently we are at yesterday's low....
A bit early to say but it could be trend reversal here. I hope!!!
None the wiser!
  • #5,007
  • Feb 4, 2015 3:51am Feb 4, 2015 3:51am
Quoting FxClown
{quote} A bit early to say but it could be trend reversal here. I hope!!!
If you're talking about the long term uptrend, then no chance. Just look at the Daily chart and you'll see that this thing is going to go through the roof this year, but it can't go up all the time, and there'll be days when it sells off. The most profitable strategy is going to be focusing on determining where the support levels are, and then going aggressively long.

ps - but this means that when the collapse does come - once all the QE stops, then I believe it will surpass anything we saw in 2008, but that as they say, is another story.
  • #5,008
  • Feb 4, 2015 4:18am Feb 4, 2015 4:18am
Quoting cat
{quote} If you're talking about the long term uptrend, then no chance. Just look at the Daily chart and you'll see that this thing is going to go through the roof this year, but it can't go up all the time, and there'll be days when it sells off. The most profitable strategy is going to be focusing on determining where the support levels are, and then going aggressively long. ps - but this means that when the collapse does come - once all the QE stops, then I believe it will surpass anything we saw in 2008, but that as they say, is another story....
fully agree, interest rates now at 0% will signal that point imo
10.800 and 10.600 the levels I watch atm
Maybe 10.000 for a panic wave
Don't be a hero. Don't have an ego. Always question yourself
  • #5,009
  • Feb 4, 2015 4:31am Feb 4, 2015 4:31am
Hi All,
Is the RRR cut from china pboc what we needed for an extra push ? let's see.
Good trades to all.

Edit : Let's see of course also how greek nego and ukraine conflict can resolve.
  • #5,010
  • Feb 4, 2015 4:37am Feb 4, 2015 4:37am
Does not seem to have more than its "surprise" effect.
  • #5,011
  • Feb 4, 2015 5:29am Feb 4, 2015 5:29am
I tend not to call trades, but I thought I'd point something interesting out about this recent up move. If you look at the 1 min chart and put in a 200sma and a 20ema ( my central ma) you'll notice how the two narrow in towards one another, and the price seems to wait for this to happen before braking out. Then when they have narrowed down to as near an apex as is safe to wait, look for a hammer candle in the expected direction, in this case, a long lower wick( 10.55am candle ) This is the signal to enter, and up to the 61.8% fib level, this gave a nice 35 pips ( risky hoping for more when the momentum is yet undecided ) This is a very common set up for break outs and worth looking out for.
  • #5,012
  • Feb 4, 2015 5:52am Feb 4, 2015 5:52am
Quoting cat
{quote} If you're talking about the long term uptrend, then no chance. Just look at the Daily chart and you'll see that this thing is going to go through the roof this year, but it can't go up all the time, and there'll be days when it sells off. The most profitable strategy is going to be focusing on determining where the support levels are, and then going aggressively long. ps - but this means that when the collapse does come - once all the QE stops, then I believe it will surpass anything we saw in 2008, but that as they say, is another story....
I agree with your assessment. My reference was to secular trend.
None the wiser!
  • #5,013
  • Feb 4, 2015 6:01am Feb 4, 2015 6:01am
Thanx Cat, your posting are very educational.
  • #5,014
  • Feb 4, 2015 7:10am Feb 4, 2015 7:10am
Quoting Myob
Thanx Cat, your posting are very educational.
happy to help - remember, the precursor to every major movement not related to a news release ( relative to the time frame ) is apparent on the charts for all to see - the difficulty is spotting it and then acting upon it.
  • #5,015
  • Feb 4, 2015 10:03am Feb 4, 2015 10:03am
choppy day, hope no one suffered too much damage. This morning offered the best opportunities. The cleanest was just after the London open, usually a great time to trade with quick results if you get it right. Today, the price was already falling, but usually without fail at the open, you will have a great, albeit fleetingly quick opportunity to get in on the action. But traders will all be looking out for an opportunity, and will not want to get into the market if the price is offering too much risk. That is why it will usually return to a level which will give an opportunity of getting in with minimum risk. Don't ask me who takes it to this level, but it usually does. I'm attaching today's open on the 1 min chart. See how the price, which has been falling, pops up, often to a descending MA ( you must find which ones best suit you). The price then stalls, and this time it gave a tell tale long upper wick. The next candle as you can see, is a negative inverted hammer. On the close of this hammer, you have one of the best trading opportunities you can find in this business - everything is going for it. You HAVE to take these opportunities, without hesitation. They won't all be successful, but the majority of them will.

I do not mean to sound like a know-it-all, I am far from it, but I've been doing this for a long time, and if I can help a few people with less experience, then I'm happy.
ps- I exited this one on the 20m 200ema, but actually see how it stops dead on the 30m 200ema, but with exits, you never quite know, so always best to determine the level you think it will reach and exit if it does so.
Attached Image (click to enlarge)
Click to Enlarge Name: open candle.png Size: 57 KB
  • #5,016
  • Feb 4, 2015 10:35am Feb 4, 2015 10:35am
Thanks cat, enjoy your posts
I've been trying to avoid MAs for a long time since some 'guru' convinced me that they were just 'historical' and couldn't predict where price is going but your charts look very interesting
used to be undecided but nowadays can't make my mind up
  • #5,017
  • Feb 4, 2015 11:18am Feb 4, 2015 11:18am
Quoting mrcreosote
Thanks cat, enjoy your posts I've been trying to avoid MAs for a long time since some 'guru' convinced me that they were just 'historical' and couldn't predict where price is going but your charts look very interesting
Well, I'm sure there are some great traders who never use MAs, but anyone who says they are no use because they only represent historical data hasn't got a clue what they are talking about because they are there on your chart, historical or not and time and time again you will see price react to them. In a choppy chart, such as today's, they are the only thing that will give it structure. My advice would be to play around with different MAs, so what if it takes you weeks or longer. You will come to see how they ' herd ' price action, and how they can be used for both entry and exit, along with other indicators - trend lines, fibonacci, and MACD being the main ones I use. MAs do not predict where the price is going, nothing can do that, but they are a guide, and most importantly, most professional traders I know use them.
  • #5,018
  • Feb 4, 2015 11:26am Feb 4, 2015 11:26am
I don't use ma's because you can fit a "significant" ma to about any turning point on any timeframe on any chart.So wich one will hold?Wich one do you put on the chart?The choice of ma's is the most important decision of your trading career(if you use them) so how do you choose them?
  • #5,019
  • Feb 4, 2015 11:36am Feb 4, 2015 11:36am
Quoting adr201
I don't use ma's because you can fit a "significant" ma to about any turning point on any timeframe on any chart.So wich one will hold?Wich one do you put on the chart?The choice of ma's is the most important choice of your trading career(if you use them) so how do you choose them?
Well is that's as far as you've got, then I'm not surprised that you don't use them. But have you tested over time which ones work with the pa on any given market and which ones don't?
  • #5,020
  • Feb 4, 2015 11:57am Feb 4, 2015 11:57am
Quoting cat
{quote} Well is that's as far as you've got, then I'm not surprised that you don't use them. But have you tested over time which ones work with the pa on any given market and which ones don't?
All indicators that you can find in MT4 are like that.Why should I use ma's instead of other ondicators.
I'm not saying you can't make money with ma's ,maybe you can reach a level of experience with them to make money but why should I look at the chart with sunglasses on when I can see the chart beter without them?
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