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Carpe diem: Intraday tactics for Dax and Dow

  • #5,421
  • Feb 18, 2015 8:59am Feb 18, 2015 8:59am
Quoting Islander
{quote} Thanks FO is Frankfurt Open = 7am GMT and LO is London Open = 8am GMT. These are both used in the Forex markets to remind traders when the main trading - Banks, Funds etc - start. In the Dax, many MT4 platforms open again at 7am GMT, but the main (cash) Xetra Market opens in Frankfurt at 8am GMT. Look at the volumes on a 1m chart and you will notice the increase at 8am GMT PS You might like this pic - its what's part of the project I mentioned earlier {image}
thanks for the explanation man, will bear that in mind

btw your project looks very interesting though keep us updated
  • #5,422
  • Edited 9:33am Feb 18, 2015 9:16am | Edited 9:33am
More than 5 1/2 hours in a 30 pts range......I bought the HL / small fake-out of the bottom of the range just after NYO 2 (NYSE) and banked at the **50 level and just now sold that level.......SL now +5....good job I've got a new book.....

Edit: SL to +10......is this a break-out or another fake-out??......TWT

Edit: SL to +15

Edit: closed +15 by stop......sufficient of this crap......I've got better things to do....
Trading Levels with WRBs
  • #5,423
  • Feb 18, 2015 9:38am Feb 18, 2015 9:38am
Quoting Islander
More than 5 1/2 hours in a 30 pts range......I bought the HL / small fake-out of the bottom of the range just after NYO 2 (NYSE) and banked at the **50 level and just now sold that level.......SL now +5....good job I've got a new book..... Edit: SL to +10......is this a break-out or another fake-out??......TWT Edit: SL to +15 Edit: closed +15 by stop......sufficient of this crap......I've got better things to do....
Think we might see 11000 before close. Holding long from 10960, no SL
  • #5,424
  • Feb 18, 2015 10:49am Feb 18, 2015 10:49am
Can't see how we are going to go much higher today looking at the charts, and a bearish day is taking shape for tomorrow, though all will be revealed in the morning.
  • #5,425
  • Feb 18, 2015 11:08am Feb 18, 2015 11:08am
Quoting cat
Can't see how we are going to go much higher today looking at the charts, and a bearish day is taking shape for tomorrow, though all will be revealed in the morning.
Cat, what chart setups do you have indicating that?
  • #5,426
  • Feb 18, 2015 1:38pm Feb 18, 2015 1:38pm
So far just FX moves.....
Maybe tomorrow or later on...
  • #5,427
  • Feb 18, 2015 1:41pm Feb 18, 2015 1:41pm
Quoting capetown
So far just FX moves..... Maybe tomorrow or later on...
FX Moves?
  • #5,428
  • Feb 18, 2015 1:50pm Feb 18, 2015 1:50pm
Quoting Amahesh
{quote} FX Moves?
I trade Forex as well sometimes....JPY moves as well EUR and GBP today..sorry for using this thread for FX issues...
  • #5,429
  • Feb 18, 2015 1:54pm Feb 18, 2015 1:54pm
[quote=cat;8076828]A few things to point out about this - firstly, you have to determine which way momentum is lying. For me, as I posted prior to the open, it was up. With the price already rising from the German open, a pullback has to be anticipated around the London open, for the logical reason that traders will want to get in at a safe level. As German open profits are taken, and as no new longs are forthcoming, the price usually falls sharply back to a level where

I just read this now..great explanation...
  • #5,430
  • Feb 19, 2015 1:15am Feb 19, 2015 1:15am
Attached Image (click to enlarge)
Click to Enlarge Name: dax.png Size: 27 KB
  • #5,431
  • Feb 19, 2015 1:36am Feb 19, 2015 1:36am
Quoting Ibw
{image}
I wait till London open...but I see more down 10909 at least
  • #5,432
  • Feb 19, 2015 1:56am Feb 19, 2015 1:56am
Quoting Amahesh
{quote} Cat, what chart setups do you have indicating that?
Sorry Amahesh, didn't see this - got a filthy cold so just logging on. Bit late answering your ? now, but basically it's the MA sequence I use. Good luck today!
  • #5,433
  • Feb 19, 2015 1:59am Feb 19, 2015 1:59am
GM - the break of the FO level / DP was good for 20+ pts - nice for pre XO trading now its time for the main course....
Trading Levels with WRBs
  • #5,434
  • Feb 19, 2015 2:05am Feb 19, 2015 2:05am
Sold 10934 cash, SL -5

Edit: SL +1

Edit: SL to +5
Trading Levels with WRBs
  • #5,435
  • Feb 19, 2015 2:10am Feb 19, 2015 2:10am
Quoting Islander
Sold 10934 cash, SL -5 Edit: SL +1 Edit: SL to +5
Out +5 on stop

Reversed to long at 10932 cash SL now +5

Edit: out +5 on stop. Price rejected at the DP / open level ......

Edit: SL probably too aggressive - TWT
Trading Levels with WRBs
  • #5,436
  • Feb 19, 2015 2:11am Feb 19, 2015 2:11am
Quoting Islander
Sold 10934 cash, SL -5 Edit: SL +1 Edit: SL to +5
I had pivot on 10946 and short from there 20 pips...
  • #5,437
  • Feb 19, 2015 2:21am Feb 19, 2015 2:21am
Quoting capetown
{quote} I had pivot on 10946 and short from there 20 pips...
I keep getting annoyed with these pivot and support values
here http://www.livecharts.co.uk/Members/...ock_pivots.php shows pivot at 10950.5, one platform I use shows 10945.5, then I've got 10938.3 on another (but I think that might be weekly or monthly lol)
used to be undecided but nowadays can't make my mind up
  • #5,438
  • Feb 19, 2015 2:21am Feb 19, 2015 2:21am
Quoting capetown
{quote} I had pivot on 10946 and short from there 20 pips...


Sold 10932 SL now +1

SL to +10, TP +30

Edit: out +30 at TP
Trading Levels with WRBs
  • #5,439
  • Feb 19, 2015 2:27am Feb 19, 2015 2:27am
was short, got taken out 1 pip before the turn! Off to murder the dog
No more posts from me today, need to work on my concentration....
used to be undecided but nowadays can't make my mind up
  • #5,440
  • Feb 19, 2015 2:28am Feb 19, 2015 2:28am
Long off **75 level for +10 - an opportunistic scalp and I'm finished for this morning
Trading Levels with WRBs
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