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Carpe diem: Intraday tactics for Dax and Dow

  • #5,261
  • Feb 13, 2015 4:16am Feb 13, 2015 4:16am
Quoting Amahesh
I went long at 10934. Waiting for a retrace back to 10920.
I wait till 10896
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  • #5,262
  • Feb 13, 2015 4:17am Feb 13, 2015 4:17am
Quoting m4ki
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.
Approaching a double top after 6 weeks with negative momentum divergence on S&P !!!
  • #5,263
  • Feb 13, 2015 5:01am Feb 13, 2015 5:01am
Good morning everyone !
Dax is quite calm at the moment.
I want to go long, but I'm afraid of pull-backs.
I'm waiting.
Whatever the mind can conceive, the mind can believe, the mind can achieve.
  • #5,264
  • Feb 13, 2015 5:06am Feb 13, 2015 5:06am
Quoting Fifth Axis
Good morning everyone ! Dax is quite calm at the moment. I want to go long, but I'm afraid of pull-backs. I'm waiting.
Just remember that there can be a lot of selling on Friday especially with uncertainty in Greece and Ukraine and US closed on Monday (when Greek news comes out) which could prompt more people to close positions that normal. Overall trend is higher with QE on the way but short term I think we will go back to 10,900 or lower. My current position is purely short and I would close them (at least partially) at 10,900.
Volatility makes me feel alive!
  • #5,265
  • Feb 13, 2015 5:07am Feb 13, 2015 5:07am
short at 10981, sl 10990, tp 30pts
  • #5,266
  • Feb 13, 2015 5:07am Feb 13, 2015 5:07am
Quoting Fifth Axis
Good morning everyone ! Dax is quite calm at the moment. I want to go long, but I'm afraid of pull-backs. I'm waiting.
And you know, waiting is the most horrible thing that can happen to you.
Before getting too psychological... how do you cope with waiting in trading ?
Do you wait until your set-up happens and enter live, or do you place pending orders ?
If not, how do you spend your time until your set-up happens ?

5th xis
Whatever the mind can conceive, the mind can believe, the mind can achieve.
  • #5,267
  • Feb 13, 2015 5:10am Feb 13, 2015 5:10am
Here is a follow-up question:
How do you cope with miss-outs ? Say you missed the entry. What do you do ?
Do you wait until a new set-up happens, or do you enter anyway ?
How do you prevent missing out ?

Cheers !
Whatever the mind can conceive, the mind can believe, the mind can achieve.
  • #5,268
  • Feb 13, 2015 5:12am Feb 13, 2015 5:12am
Quoting jcb94
{quote} Just remember that there can be a lot of selling on Friday especially with uncertainty in Greece and Ukraine and US closed on Monday (when Greek news comes out) which could prompt more people to close positions that normal. Overall trend is higher with QE on the way but short term I think we will go back to 10,900 or lower. My current position is purely short and I would close them (at least partially) at 10,900.
I'm hoping so, would love to close this position before NY session!

US consumer sentiment data to be released today, its on the up trend (particularly with cheap fuel atm), it may spur another wave of buyers later.
  • #5,269
  • Feb 13, 2015 5:18am Feb 13, 2015 5:18am
Quoting capetown
{quote} I wait till 10896 {image}
Wait till 10896 to short, or close position?
  • #5,270
  • Feb 13, 2015 5:18am Feb 13, 2015 5:18am
Here's another good one:
How do you prevent missing out big swings ?
For example yesterday morning shortly after DAX open, when Minsk agreement was finalized the DAX jumped 140 points.
How can I prevent missing out such swings ? Is it possible or is it luck ?
And if I missed that swing, how can I be sure to catch the remaining 100 points that happened afterwards.
I was pretty much blocked yesterday (as in mentally, and couldn't risk to open a position) and sought for opportunities in other markets, also without luck.

5th xis
Whatever the mind can conceive, the mind can believe, the mind can achieve.
  • #5,271
  • Feb 13, 2015 5:28am Feb 13, 2015 5:28am
Quoting PariCovek
{quote} I'm hoping so, would love to close this position before NY session! US consumer sentiment data to be released today, its on the up trend (particularly with cheap fuel atm), it may spur another wave of buyers later.
Have faith. My worst case scenario for shorts is to close 10,930-40 range but I am sure will see lower.
Volatility makes me feel alive!
  • #5,272
  • Feb 13, 2015 5:42am Feb 13, 2015 5:42am
Quoting jcb94
{quote} Have faith. My worst case scenario for shorts is to close 10,930-40 range but I am sure will see lower.
do you mean we will see lower than that before NY session or before closing London stock?
  • #5,273
  • Feb 13, 2015 5:48am Feb 13, 2015 5:48am
Quoting danvilman
{quote} do you mean we will see lower than that before NY session or before closing London stock?
I mean before US close at 9pm GMT. I'm gonna play some games and do some uni work so I don't get impatient lol
Volatility makes me feel alive!
  • #5,274
  • Feb 13, 2015 7:59am Feb 13, 2015 7:59am
I don't think there will be a sell-down this afternoon on the DAX, particularly as the Euro weakens. US consumer sentiment will drive the SP500 north of 2100 tonight, dragging the Dax with it.
  • #5,275
  • Edited 8:43am Feb 13, 2015 8:11am | Edited 8:43am
Fdax (5 minute)

Correction seems to be deeper than I had expected..

More precise:
Altering pending order (buy limit): 10953
SL: 10944

Not to forget:
The price can change from broker to broker..
Therefore to synchronise my values with yours check your highest high of today and consider the difference with mine.. My daily high is: 11.014

Happy Trades
Focus only on what truly matters!
  • #5,276
  • Edited 9:04am Feb 13, 2015 8:40am | Edited 9:04am
Quoting PariCovek
I don't think there will be a sell-down this afternoon on the DAX, particularly as the Euro weakens. US consumer sentiment will drive the SP500 north of 2100 tonight, dragging the Dax with it.
I think I'm with you on this. The DAX just doesn't seem to want to fall below 10960

Edit: Is this the start of the sell-off? Still being supported by the 200EMA on the 5m chart.
  • #5,277
  • Feb 13, 2015 10:00am Feb 13, 2015 10:00am
Quoting Amahesh
{quote} I think I'm with you on this. The DAX just doesn't seem to want to fall below 10960 Edit: Is this the start of the sell-off? Still being supported by the 200EMA on the 5m chart.
Seems locked between 10950 and 10960, hoping for a dip.
  • #5,278
  • Feb 13, 2015 10:00am Feb 13, 2015 10:00am
hello ata, good to see you here again. what is your tp?
  • #5,279
  • Feb 13, 2015 1:15pm Feb 13, 2015 1:15pm
Quoting Ata-Turkoglu
Fdax (5 minute) Correction seems to be deeper than I had expected.. More precise: Altering pending order (buy limit): 10953 SL: 10944 Not to forget: The price can change from broker to broker.. Therefore to synchronise my values with yours check your highest high of today and consider the difference with mine.. My daily high is: 11.014 Happy Trades
Daily high here 11016.5 - definite variation between brokers as always!
In the tempest of a fast moving market; not everyone is happy.
  • #5,280
  • Feb 13, 2015 1:31pm Feb 13, 2015 1:31pm
Quoting kayaker
hello ata, good to see you here again. what is your tp?
Thanks.. well volatility is so low.. I feel like it will stuck around 10970/80 area.. I leave my SL at BE.. but all I can see from this point is only that far: 10.980, and since it is Friday I don't believe vast majority of traders will risk to buy.. it will be wise to either take progit profit around 10.980 or let the SL at a low risk level and hope that market runs another rally soon.. you decide..

Happy Trades
Focus only on what truly matters!
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