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Carpe diem: Intraday tactics for Dax and Dow

  • #5,841
  • Feb 26, 2015 3:56am Feb 26, 2015 3:56am
Hello everyone,
I try not to look at forums much because the negativity can be overwhelming, but this thread is the perfect example of how good forums can be. It is obvious many of the contributors are real traders and the discussion between you is very constructive. D1 is a rare beast, gives entries in real time for all to see and his discipline is an example to any wannabe trader. The fact that there is no real talk of what system to trade is what makes this thread so worthwhile and probably keeps all the holy grail seekers from polluting it.

D1, one question, intraday you always use the parameters of SL10, TP30 on the DAX, going to BE @ +10. Do you ever lock in any profit if the trade goes +25 for example or do you always let it run to TP or SL? Psychologically I like to lock in a bit of profit because I still hate seeing trades come back to BE after being in good profit, however in the long run I have my doubts this is the right thing to do (although I have no stats to confirm this). I guess mentally I'm not quite a rock yet

Anyway, I will keep reading this thread, it's a gem.
Simon
  • #5,842
  • Feb 26, 2015 3:57am Feb 26, 2015 3:57am
Quoting twellve
What just happened??
I'm a bit late on this as I'm doing school runs all this week, but allow me to add my 2 cents for what it's worth. As D1 said, it was a break of R1, but there's a bit more to it, because it could have broken it when it tested it before but fell back. I'm looking at both the 5 & 15m charts, which for me are setting the general thrust for pa atm. the pa on both timeframes are being supported by the 200ema/sma, the latter being a little above the 200ema on the 15m. With this in mind we have to assume that the main moves are going to be north bound, for now anyway. The sharp drop at the London open found support on the rising 15m 200sma, and the subsequent up move, which I think D1 captured, was halted by R1. We have no way of knowing at this juncture whether it will break through or pullback, but as it happened, it pulled back. Now from my experience, when the momentum is set, in this case up, any pullback should be viewed as another opportunity to go long, though the trick is in when to get in again. Sometimes it is obvious, sometimes less so. Looking at the 1 min chart, as personally I think it is very difficult to capture sharp moves with a tight SL on any bigger time frame than this, you can see that support was found on the 1m 200ema/sma which were right together. The price tested this twice, and though you would have probably had a bit of a heart attack when the price fell aggressively for the second test, it came nowhere near threatening a 10 pip SL. The MA system I use show me that this second attack on R1 had a lot more force to it than the first, and this is why we broke powerfully through.

Hope I haven't put you all to sleep, but I love TA to the point where it is a bit of an obsession, and because neither my wife nor any of my friends allow me to say a mere two words about trading, I'll take it out on you lot
  • #5,843
  • Edited 4:19am Feb 26, 2015 4:05am | Edited 4:19am
nice explanation cat thank you

recalculated my Pivots now they seem to work better... its making a diffrence calculating them with my indicator starting at 00.00 or 08.00am not sure why but it does
Got nearly the same like Islander on his chart now.
  • #5,844
  • Feb 26, 2015 4:09am Feb 26, 2015 4:09am
Quoting Kijun
nice explanation cat thank you
You're more than welcome Kijun.
  • #5,845
  • Feb 26, 2015 4:09am Feb 26, 2015 4:09am
Hi Islander - I dont have those MS pivot points - could you share the indi if possible

Thanks
  • #5,846
  • Feb 26, 2015 4:19am Feb 26, 2015 4:19am
Nice comment, CAT ! Luckily my wife loves trading too to the extend that sometimes it is even for me too much.
Trade Your P/L, Trade the Market. Manage your Risk.
  • #5,847
  • Feb 26, 2015 4:20am Feb 26, 2015 4:20am
Quoting twellve
Hi Islander - I dont have those MS pivot points - could you share the indi if possible Thanks
I believe its SDX-TzPivots - check out Islander's posts on indys
  • #5,848
  • Feb 26, 2015 4:24am Feb 26, 2015 4:24am
Quoting twellve
Hi Islander - I don't have those MS pivot points - could you share the indi if possible Thanks
Please check my four posts on Feb 19. There you will find the indicator and additional information.

FYI, if you mover your curser to any posters name, it will bring up the number of posts and if you click on that number it show a list of those posts.....currently I have made 9,113 posts....
Trading Levels with WRBs
  • #5,849
  • Feb 26, 2015 4:25am Feb 26, 2015 4:25am
Quoting BernardWG
Nice comment, CAT ! Luckily my wife loves trading too to the extend that sometimes it is even for me too much.
I've long since given up trying to get my wife to trade, but she teaches Russian history, which as it happens, is a much more interesting topic for conversation. My 9 year old son however loves it. I've given him a basic set up and I allow him 30 mins or so after school trading a demo on a 10 sec, and 1m chart, and guess what, he wops me every time!
  • #5,850
  • Feb 26, 2015 4:29am Feb 26, 2015 4:29am
Quoting cat
{quote} I've long since given up trying to get my wife to trade, but she teaches Russian history, which as it happens, is a much more interesting topic for conversation. My 9 year old son however loves it. I've given him a basic set up and I allow him 30 mins or so after school trading a demo on a 10 sec, and 1m chart, and guess what, he wops me every time!
GREAT ! Love this. My son though is not interested. Does not like to sit around all day watching screens.
Trade Your P/L, Trade the Market. Manage your Risk.
  • #5,851
  • Feb 26, 2015 4:33am Feb 26, 2015 4:33am
Quoting BernardWG
{quote} GREAT ! Love this. My son though is not interested. Does not like to sit around all day watching screens.
Totally agree, screen time is severely restricted in my house as well, but I figured the ability to trade might just come in handy one day.
  • #5,852
  • Feb 26, 2015 4:35am Feb 26, 2015 4:35am
long @11225 sl -10 tp +30
fortis fortuna adiuvat
  • #5,853
  • Feb 26, 2015 4:43am Feb 26, 2015 4:43am
Quoting Islander
{quote} Please check my four posts on Feb 19. There you will find the indicator and additional information. FYI, if you mover your curser to any posters name, it will bring up the number of posts and if you click on that number it show a list of those posts.....currently I have made 9,113 posts....

Thanks Islander - now have a more complete picture!
  • #5,854
  • Feb 26, 2015 4:45am Feb 26, 2015 4:45am
Quoting cat
{quote} I'm a bit late on this as I'm doing school runs all this week, but allow me to add my 2 cents for what it's worth. As D1 said, it was a break of R1, but there's a bit more to it, because it could have broken it when it tested it before but fell back. I'm looking at both the 5 & 15m charts, which for me are setting the general thrust for pa atm. the pa on both timeframes are being supported by the 200ema/sma, the latter being a little above the 200ema on the 15m. With this in mind we have to assume that the main moves are going to be north...

THanks Cat - makes it sound so simple - still dont see how the momentum happened the second time more than the first - was it the wicks on the candles?
  • #5,855
  • Feb 26, 2015 4:50am Feb 26, 2015 4:50am
Quoting deltaone
long @11225 sl -10 tp +30
closed manually. +-0 time for a break. will try to answer questions later. mahlzeit!
fortis fortuna adiuvat
  • #5,856
  • Feb 26, 2015 4:53am Feb 26, 2015 4:53am
Quoting twellve
{quote} THanks Cat - makes it sound so simple - still dont see how the momentum happened the second time more than the first - was it the wicks on the candles?
I'll get back to you on it - give me an hour or so, I'm a bit tied up right now
  • #5,857
  • Feb 26, 2015 4:58am Feb 26, 2015 4:58am
Quoting cat
{quote} I'll get back to you on it - give me an hour or so, I'm a bit tied up right now
50 shades....um I mean pips of greens has got alot of explaining to do
  • #5,858
  • Feb 26, 2015 5:30am Feb 26, 2015 5:30am
short 240
Attached Image (click to enlarge)
Click to Enlarge Name: GER30M15.png Size: 74 KB
  • #5,859
  • Feb 26, 2015 5:33am Feb 26, 2015 5:33am
Quoting danc
short 240 {image}
Danc - where do you have r2 at now? I'm shorting at 11250. Currently holding a long
  • #5,860
  • Feb 26, 2015 5:48am Feb 26, 2015 5:48am
short 11247 tp +20 sl manually
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