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Carpe diem: Intraday tactics for Dax and Dow

  • #5,541
  • Feb 20, 2015 6:35am Feb 20, 2015 6:35am
Expect volatility the rest of the afternoon:

http://www.theguardian.com/business/...s-live-updates
  • #5,542
  • Feb 20, 2015 6:43am Feb 20, 2015 6:43am
normally, i donīt advice anyone how to trade. but i think it is not wrong to say this:

NEVER EVER trade on margin without SL, especially on a day like this when high vola is expected: expire date + political events.

sorry for those who took losses. i wish you good luck for the next trade!
fortis fortuna adiuvat
  • #5,543
  • Feb 20, 2015 6:46am Feb 20, 2015 6:46am
D1 - If the Euro tanks to new lows (say 1.07 against the USD), what target would you put on the Dax?
  • #5,544
  • Feb 20, 2015 6:49am Feb 20, 2015 6:49am
Quoting PariCovek
D1 - If the Euro tanks to new lows (say 1.07 against the USD), what target would you put on the Dax?
further euro devaluation is likely, maybe parity eurusd within the next 12 months. my goal for dax is unchanged: 12.000 this year, 13.200 in 2016.

edit: this is one of the reasons why im still long only with my stocks portfolio: no sl, no tp, no protective put. dividends are increasing (look at mr and swiss re f.e.)
fortis fortuna adiuvat
  • #5,545
  • Feb 20, 2015 6:53am Feb 20, 2015 6:53am
Quoting deltaone
normally, i dont advice anyone how to trade. but i think it is not wrong to say this: NEVER EVER trade on margin without SL, especially on a day like this when high vola is expected: expire date + political events. sorry for those who took losses. i wish you good luck for the next trade!
Agree completely, I see far too many people bragging about never using a stop loss, even though that sort of spike doesn't happen everyday, but with the eurozone finance meetings going on, and after the extreme volatility of yesterday, nothing is too much of a surprise. Thanks to deltaone for giving the heads up on the single stock and dax options expiring today!
  • #5,546
  • Feb 20, 2015 7:04am Feb 20, 2015 7:04am
What a beautiful pin bar on 1H. I wonder when it well get tested.
None the wiser!
  • #5,547
  • Feb 20, 2015 7:06am Feb 20, 2015 7:06am
Quoting FxClown
What a beautiful pin bar on 1H. I wonder when it well get tested.
exactly
RevarK
  • #5,548
  • Feb 20, 2015 7:14am Feb 20, 2015 7:14am
Quoting deltaone
{quote} hopefully not a margin call?
Luckily not D1. I make sure I have sufficient funds at all times for something as insane as this.
  • #5,549
  • Feb 20, 2015 7:38am Feb 20, 2015 7:38am
Quoting Amahesh
{quote} Luckily not D1. I make sure I have sufficient funds at all times for something as insane as this.
good to hear that! preparing myself for high noon
fortis fortuna adiuvat
  • #5,550
  • Feb 20, 2015 7:39am Feb 20, 2015 7:39am
Quoting cat
{quote} Agree completely, I see far too many people bragging about never using a stop loss, even though that sort of spike doesn't happen everyday, but with the eurozone finance meetings going on, and after the extreme volatility of yesterday, nothing is too much of a surprise. Thanks to deltaone for giving the heads up on the single stock and dax options expiring today!
youīre welcome!
fortis fortuna adiuvat
  • #5,551
  • Feb 20, 2015 7:48am Feb 20, 2015 7:48am
buy the dip rule: -200 from the last high -> will buy dax etf @ 10.960.
fortis fortuna adiuvat
  • #5,552
  • Feb 20, 2015 7:57am Feb 20, 2015 7:57am
I see Dax at 9000 before 12000 this year. There is something in the air, trust me. Just my opinion.
  • #5,553
  • Feb 20, 2015 8:00am Feb 20, 2015 8:00am
Quoting deltaone
buy the dip rule: -200 from the last high -> will buy dax etf @ 10.960.
hi Delta, what would be your SL on that?
  • #5,554
  • Feb 20, 2015 8:10am Feb 20, 2015 8:10am
Quoting danvilman
{quote} hi Delta, what would be your SL on that?
hi danvilman,

i have no sl for that position, but i do have a risk budget for this strategy (maximum loss in €). itīs an unleveraged, so called deltaone product (linear price function of dax). if market go against me, i will add every -200 points - an order for the same initial amount. last in, first out every +200 points.
fortis fortuna adiuvat
  • #5,555
  • Feb 20, 2015 8:15am Feb 20, 2015 8:15am
Quoting deltaone
{quote} hi danvilman, i have no sl for that position, but i do have a risk budget for this strategy (maximum loss in ). its an unleveraged, so called deltaone product (linear price function of dax). if market go against me, i will add every -200 points - an order for the same initial amount. last in, first out every +200 points.
oh right, understand and thanks for explanation.

do you hold any open position in dax now or are you waitng for signal, or you are done for today?
  • #5,556
  • Feb 20, 2015 8:22am Feb 20, 2015 8:22am
Quoting danvilman
{quote} oh right, understand and thanks for explanation. do you hold any open position in dax now or are you waitng for signal, or you are done for today?
youīre welcome. no open positions atm, waiting for a signal, but not so ambitious, +120 points with a singel trade are extreme rare for me.
fortis fortuna adiuvat
  • #5,557
  • Feb 20, 2015 8:25am Feb 20, 2015 8:25am
Quoting deltaone
{quote} youre welcome. no open positions atm, waiting for a signal, but not so ambitious, +120 points with a singel trade are extreme rare for me.
would you mind to share with us what signal are you waiting for pls?
yeah, +120pts would have been good for everyone tbh
  • #5,558
  • Feb 20, 2015 8:28am Feb 20, 2015 8:28am
Quoting deltaone
{quote} youre welcome. no open positions atm, waiting for a signal, but not so ambitious, +120 points with a singel trade are extreme rare for me.
Hello D1,

congrats to Your trade..and Your explanation of trading wthout SL is corrct, since I trade with SL I feel better even I got hit this time, I was short, but it hurts less then 150 points against me like if it would be just 30 points this time...
Also all this Greece and politicians and etc..is giving really opportunity to understand SL and use them rather minus 30 a day then account is gone.

Have a nice weekend all.....
  • #5,559
  • Feb 20, 2015 9:11am Feb 20, 2015 9:11am
Quoting capetown
{quote} Hello D1, congrats to Your trade..and Your explanation of trading wthout SL is corrct, since I trade with SL I feel better even I got hit this time, I was short, but it hurts less then 150 points against me like if it would be just 30 points this time... Also all this Greece and politicians and etc..is giving really opportunity to understand SL and use them rather minus 30 a day then account is gone. Have a nice weekend all.....
thanks, capetown. dito!
fortis fortuna adiuvat
  • #5,560
  • Feb 20, 2015 9:15am Feb 20, 2015 9:15am
Quoting danvilman
{quote} would you mind to share with us what signal are you waiting for pls? yeah, +120pts would have been good for everyone tbh
if itīs a long signal, iīll post my entry, sl and tp a.s.a.p
fortis fortuna adiuvat
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