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Carpe diem: Intraday tactics for Dax and Dow

  • #5,121
  • Feb 9, 2015 6:00am Feb 9, 2015 6:00am
It's been a very long time since the price got so far above the Daily 200ema/sma, several years, so bulls beware as price likes to return to it when it gets so over-extended. It's 1000 pips all the way back to it, and although it may not return all the way to it, my medium term outlook has become decidedly bearish. The way I look at it is - If I had been long from early January, would I still be holding?
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  • #5,122
  • Feb 9, 2015 6:15am Feb 9, 2015 6:15am
Quoting cat
...... my medium term outlook has become decidedly bearish.......If I had been long from early January, would I still be holding? {image}
Tending to agree that maybe a poke at 10250 during the month is not unreasonable.
Carpe Vinum.
  • #5,123
  • Feb 9, 2015 6:21am Feb 9, 2015 6:21am
Quoting ZA Rhino
{quote} Tending to agree that maybe a poke at 10250 during the month is not unreasonable.
It's still undecided as we've found support on the 4 hour 100sma and could rebound from here back up towards 10,800 or so, but today should give us the answer
  • #5,124
  • Feb 9, 2015 6:44am Feb 9, 2015 6:44am
Quoting cat
{quote} Anyone else want to chip in with their H1 200ema Germany 30 DFB level, because if we're all working off different MA levels we're going to be all over the place. My charts are supplied by IG Finance and are those used by the majority of banks and trading houses. ps - I use two brokers, both supplying charts by IT finance. Their charts differ a wee bit, but nothing significant, eg, One shows the H1 200ema currently at 10,768, the other at 10,760.
I use charts supplied by CQG.

Which are the two brokers that you use? And do you spreadbet or trade the Future via EUREX?

Thanks in advance
  • #5,125
  • Feb 9, 2015 6:53am Feb 9, 2015 6:53am
Quoting Cprice76
{quote} I use charts supplied by CQG. Which are the two brokers that you use? And do you spreadbet or trade the Future via EUREX? Thanks in advance
IG Index and Intertrader, both supply identical charts provided by IT Finance. I spread bet.
  • #5,126
  • Feb 9, 2015 6:59am Feb 9, 2015 6:59am
Quoting cat
{quote} IG Index and Intertrader, both supply identical charts provided by IT Finance. I spread bet.

Ah. I trade direct via EUREX and use RCG as my broker.

As you spreadbet- dont you suffer from " dirty tricks"? I.e terrible slippage/fills- as after all its a false market and they can do what they like
  • #5,127
  • Feb 9, 2015 7:15am Feb 9, 2015 7:15am
Quoting Cprice76
{quote} Ah. I trade direct via EUREX and use RCG as my broker. As you spreadbet- dont you suffer from " dirty tricks"? I.e terrible slippage/fills- as after all its a false market and they can do what they like
If one has a chance to make 50 pips but slippage/spread etc means, it will be 45pips. What do I care? I will take 45 or even 30pips.
None the wiser!
  • #5,128
  • Feb 9, 2015 7:20am Feb 9, 2015 7:20am
I'm glad to say that I often get positive slippage on IG spread betting
  • #5,129
  • Feb 9, 2015 7:23am Feb 9, 2015 7:23am
Quoting Cprice76
{quote} Ah. I trade direct via EUREX and use RCG as my broker. As you spreadbet- dont you suffer from " dirty tricks"? I.e terrible slippage/fills- as after all its a false market and they can do what they like
I have very little experience of that happening, a few pips maybe here and there, but generally they're spot on. If I get stopped out, it's because of my ineptitude above any skulduggery my brokers might be using
  • #5,130
  • Feb 9, 2015 7:45am Feb 9, 2015 7:45am
Quoting cat
{quote} I have very little experience of that happening, a few pips maybe here and there, but generally they're spot on. If I get stopped out, it's because of my ineptitude above any skulduggery my brokers might be using

"few pips here and there" can make a big difference in turning a losing trade into a winning one- eg stop hit by 1 " false" pip
  • #5,131
  • Feb 9, 2015 7:49am Feb 9, 2015 7:49am
Quoting Cprice76
{quote} "few pips here and there" can make a big difference in turning a losing trade into a winning one- eg stop hit by 1 " false" pip
I was throwing out a loose generalisation - 98% of the time, my entries and exits are within 0.5 - 1 pip of the actual price, so it is not an issue that concerns me at all.
  • #5,132
  • Feb 9, 2015 8:22am Feb 9, 2015 8:22am
Quoting cat
{quote} I was throwing out a loose generalisation - 98% of the time, my entries and exits are within 0.5 - 1 pip of the actual price, so it is not an issue that concerns me at all.

I used to have a account with ETX Capital but I closed it due to awful negative slippage and NEVER ONCE was I given positive slippage.

Avoid ETX CAPITAL at all costs.
  • #5,133
  • Feb 9, 2015 8:26am Feb 9, 2015 8:26am
Quoting Cprice76
{quote} I used to have a account with ETX Capital but I closed it due to awful negative slippage and NEVER ONCE was I given positive slippage. Avoid ETX CAPITAL at all costs.
Where is RCG based, UK?
What is the round trip commission for a dax or ym contract?
Regards
  • #5,134
  • Feb 9, 2015 8:28am Feb 9, 2015 8:28am
Quoting deltaone
hi all, back again, but busy with some other things (taxes, start-up), so i donīt have time for intense trading and posting. but still following tht "buy the dip scheme" bought dax etf @10.650 tp 10.850 good luck everyone!
hello Delta1
  • #5,135
  • Feb 9, 2015 9:48am Feb 9, 2015 9:48am
Momentum is down, but we're on this stubborn support level, so right now a very risky time to be getting into the market. We know from pm pa that this thing can rally aggressively from almost anywhere, but also, if this support breaks, the flood gates could really open for lower levels.
  • #5,136
  • Feb 10, 2015 1:12am Feb 10, 2015 1:12am
Quoting kiwis
{quote} Jeeze what a cluster... no wonder my some of my trades have gone slightly pearshaped.... I will clarify this now with my provider and see what comes out of the rinse. Thanks,
Hello,

I send email to You.....will send all this afternoon.
Marcel..Bratislava
  • #5,137
  • Feb 10, 2015 1:15am Feb 10, 2015 1:15am
Quoting capetown
{quote} Hello, I send email to You.....will send all this afternoon. Marcel..Bratislava
Thanks Marcel
In the tempest of a fast moving market; not everyone is happy.
  • #5,138
  • Feb 10, 2015 1:54am Feb 10, 2015 1:54am
Hello All,
I am short at 10699 tp and sl not fixed yet.
If market goes my side, maybe short until this evening ?
Good trades to all

Sorry for posting a bit later than entry but obj and stop will be lot larger than 10pts
  • #5,139
  • Feb 10, 2015 1:58am Feb 10, 2015 1:58am
Quoting Motfund
Hello All, I am short at 10699 tp and sl not fixed yet. If market goes my side, maybe short until this evening ? Good trades to all Sorry for posting a bit later than entry but obj and stop will be lot larger than 10pts
I am waiting to short at 10740
Foot Print and also 27,20% to short
pictures are here
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  • #5,140
  • Feb 10, 2015 1:58am Feb 10, 2015 1:58am
Quoting Motfund
Hello All, I am short at 10699 tp and sl not fixed yet. If market goes my side, maybe short until this evening ? Good trades to all Sorry for posting a bit later than entry but obj and stop will be lot larger than 10pts
please do not follow....just my opinion
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