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Carpe diem: Intraday tactics for Dax and Dow

  • #5,241
  • Feb 12, 2015 10:48am Feb 12, 2015 10:48am
Quoting kayaker
friday 13th ahead of us!
let short it till 10500
  • #5,242
  • Feb 12, 2015 11:02am Feb 12, 2015 11:02am
also waiting for short in FX euro
  • #5,243
  • Feb 12, 2015 2:52pm Feb 12, 2015 2:52pm
Anyone going short on the dax?
  • #5,244
  • Feb 12, 2015 3:50pm Feb 12, 2015 3:50pm
I am short at 10920. I am a little worried considering its now at 10975. I am really hoping that there is some profit taking on Open and hopefully there is pull back.

I would be just happy to square this trade, let alone take green pips.
  • #5,245
  • Feb 12, 2015 7:04pm Feb 12, 2015 7:04pm
Quoting PariCovek
I am short at 10920. I am a little worried considering its now at 10975. I am really hoping that there is some profit taking on Open and hopefully there is pull back. I would be just happy to square this trade, let alone take green pips.
I am also short. Xetra closed at 10,909 so I am happy for a gap fill back to this level. Also remember that people want to reduce risk over the weekend so they will be closing their positions which could see the price dropping before EU and US closes.
Volatility makes me feel alive!
  • #5,246
  • Feb 13, 2015 12:57am Feb 13, 2015 12:57am
Morning Morning.... and welcome into Friday the 13th.... although I have already had half of it on my side of the planet and it's been just fine!
In the tempest of a fast moving market; not everyone is happy.
  • #5,247
  • Feb 13, 2015 1:58am Feb 13, 2015 1:58am
How do you calculate an ABC wave. Oct low to Dec high followed by 50% retrace. Is the A wave height added to the B wave bottom. If so then the C wave being equal length one arrives at approximately 10960. With negative momentum divergence could drop to 10190
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  • #5,248
  • Feb 13, 2015 2:26am Feb 13, 2015 2:26am
is anybody long this morning or waiting for when to short?
  • #5,249
  • Feb 13, 2015 2:27am Feb 13, 2015 2:27am
Getting really worried here. Short at 10920
  • #5,250
  • Feb 13, 2015 2:31am Feb 13, 2015 2:31am
Quoting PariCovek
Getting really worried here. Short at 10920
Pari - you are short at 920 or have an order pending there?
In the tempest of a fast moving market; not everyone is happy.
  • #5,251
  • Feb 13, 2015 2:32am Feb 13, 2015 2:32am
I'm confused a bit, it looks like they will today rich a new high much above 11000, remember Friday 23.01 3600points up and the sentiment for toady looks like LONG, S&P is also close to their high 2090 if they break it i guess no one will stop them today S&P 2100 then Short on possible on both DAX and S&P.
  • #5,252
  • Feb 13, 2015 2:45am Feb 13, 2015 2:45am
Delta we now need a new poll.... since 11K just got blown !
In the tempest of a fast moving market; not everyone is happy.
  • #5,253
  • Feb 13, 2015 2:46am Feb 13, 2015 2:46am
Quoting kiwis
{quote} Pari - you are short at 920 or have an order pending there?
Short at 10920. Deep in the red. Scared this thing might get to 11100 at this rate.
  • #5,254
  • Feb 13, 2015 2:50am Feb 13, 2015 2:50am
Quoting PariCovek
{quote} Short at 10920. Deep in the red. Scared this thing might get to 11100 at this rate.
Ummmm not the best spot to be in.
What is your risk management plan for this situation? Ride it out or bail at -100?
In the tempest of a fast moving market; not everyone is happy.
  • #5,255
  • Edited 3:16am Feb 13, 2015 2:54am | Edited 3:16am
GM - new All Time High at 11,015 in a high volumed red spinning top / shooting star......need confirmation from 5m / 15 that this is the high for now and that Dax is going to retrace.

Above I have a KO Mag Line projection at 11,060 as my next upside level.

Below we have 10,989, 10,956, 10,930 and 10,856 as prior highs to act as targets......I sold after the 1m LH at 10,995 having closed longs in the spike above the BRN SL now +1
Trading Levels with WRBs
  • #5,256
  • Feb 13, 2015 2:57am Feb 13, 2015 2:57am
Quoting PariCovek
{quote} Short at 10920. Deep in the red. Scared this thing might get to 11100 at this rate.
It may get to 11050 today but that is just my guess. If you are worried about your setup then cut your losses and plan for a better entry next time.
Always trade with the trend. It is less worrying.
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None the wiser!
  • #5,257
  • Feb 13, 2015 3:01am Feb 13, 2015 3:01am
Quoting kiwis
{quote} Ummmm not the best spot to be in. What is your risk management plan for this situation? Ride it out or bail at -100?
Might ride it for now, at my own peril.... I may consider exit around 10950 if we get a retrace to that level.

Was thinking we may get some profit taking today at those levels. Silly to leave a trade over night. Never again.
  • #5,258
  • Feb 13, 2015 3:03am Feb 13, 2015 3:03am
Quoting PariCovek
{quote} Short at 10920. Deep in the red. Scared this thing might get to 11100 at this rate.
As long as you don't have a high proportion of your funds in this/really high leverage then I think you'll be OK. Friday afternoon is when people close positions for the weekend and there is a gap to be filled down to 10,909 area. Plenty of uncertainty over Greece is another reason for people to close their positions. I think we'll go down this afternoon/late morning.

Also bear in mind that London open frequently has a fast move up and then the rest of the day it subsides again.
Volatility makes me feel alive!
  • #5,259
  • Feb 13, 2015 3:51am Feb 13, 2015 3:51am
Quoting jcb94
{quote} As long as you don't have a high proportion of your funds in this/really high leverage then I think you'll be OK. Friday afternoon is when people close positions for the weekend and there is a gap to be filled down to 10,909 area. Plenty of uncertainty over Greece is another reason for people to close their positions. I think we'll go down this afternoon/late morning. Also bear in mind that London open frequently has a fast move up and then the rest of the day it subsides again.
I have a couple of long trades on the Greek Index, so its partially netting some of the intra-day loss.

If get's back to 10950 again, I may consider closing, but will have to assess at the time.
  • #5,260
  • Feb 13, 2015 4:03am Feb 13, 2015 4:03am
I went long at 10934. Waiting for a retrace back to 10920.
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