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Carpe diem: Intraday tactics for Dax and Dow

  • #6,161
  • Mar 4, 2015 3:41am Mar 4, 2015 3:41am
Hopefully a strong break of 238 will give us a nice BTD even if its short term
  • #6,162
  • Mar 4, 2015 3:47am Mar 4, 2015 3:47am
My scenario is some ranging here with a break to the downside like yesterday around this time
  • #6,163
  • Mar 4, 2015 3:48am Mar 4, 2015 3:48am
I think the Yankie Funds might be onto the Dax at NY Open, as the EUR/USD is very low today (1.113 atm), favourable for US investors. Dax is now more than 200pts below its high.

This may be a relief rally, but I think we may see more selling over the next couple of days due to the March prophecy.
  • #6,164
  • Mar 4, 2015 3:51am Mar 4, 2015 3:51am
For me, the failure after XO making a lower high and failing to break above the **25 SS was the signal to sell and there was another LH UNDER both the day's open and yesterday's close that confirmed the sell.

As usual for me (!) I did bank too early at yesterday's low, but then sold again and waited for a wide ranged higher volumed bar to bank again. Any fast MA helps remind me to stay short - here its the 21 LWMA

The lows are at the 38% retrace on the hourly chart, also a prior accumulation area, with the next area ~the 50% retrace. Now I expect a retrace into the Decision Zone (38% to 61%) with a half sized buy as price broke above the fast MA. Now a break until the US Session
Attached Image(s) (click to enlarge)
Click to Enlarge Name: mar4 d1m 0935 gmt.png Size: 37 KB
Click to Enlarge Name: mar3 d 60m 0940.png Size: 47 KB
Trading Levels with WRBs
  • #6,165
  • Mar 4, 2015 4:01am Mar 4, 2015 4:01am
Quoting Kijun
{quote} put TP @ 11.135 near S2 and fib extention 161.8 of the downmove yesterday SL @ 11.250 will let it run
retail sales hit my SL ^^
  • #6,166
  • Mar 4, 2015 4:02am Mar 4, 2015 4:02am
Quoting jmss59
operation date {image}

Hi Jmss - nice trade - care to expand on those interesting bands on your charts.....
Best
Islander

PS what a surprise, price has just hit the 50% retrace
Trading Levels with WRBs
  • #6,167
  • Mar 4, 2015 4:08am Mar 4, 2015 4:08am
new try:
short 11257 sl -10 tp not sure yet
  • #6,168
  • Mar 4, 2015 4:10am Mar 4, 2015 4:10am
Quoting Islander
{quote} Hi Jmss - nice trade - care to expand on those interesting bands on your charts..... Best Islander PS what a surprise, price has just hit the 50% retrace
Howzit Islander! Would you mind if I hijack your thread with a few of my DAX grabs?
In life you get 3 types of people, those who can count and those who can't.
  • #6,169
  • Mar 4, 2015 4:15am Mar 4, 2015 4:15am
Quoting HedgePiglet
{quote} Howzit Islander! Would you mind if I hijack your thread with a few of my DAX grabs?

Hi HP - fine to post them in my old thread, especially if they are not in real time - most here know where that is if they want to look too...
Best
Islander
Trading Levels with WRBs
  • #6,170
  • Mar 4, 2015 4:46am Mar 4, 2015 4:46am
Quoting Islander
{quote} Hi Jmss - nice trade - care to expand on those interesting bands on your charts..... Best Islander PS what a surprise, price has just hit the 50% retrace
sell dax at 50% retrace..i see many sma support this trade..sl -20..
  • #6,171
  • Mar 4, 2015 4:52am Mar 4, 2015 4:52am
Quoting Kijun
{quote} It was way overbought like 7 winning weeks in a row... Some people were betting on a retrace 2 days ago and here we are... Its profit taking and some shorting on the retrace but imo it wont keep on doing so for a long time... probably already draghi can push it up again with some fireworks
Thanks a lot Now I am still a noob but will keep trying to study more so I might get to be able to analyse the market like everyone else
  • #6,172
  • Mar 4, 2015 4:52am Mar 4, 2015 4:52am
Quoting Islander
For me, the failure after XO making a lower high and failing to break above the **25 SS was the signal to sell and there was another LH UNDER both the day's open and yesterday's close that confirmed the sell. As usual for me (!) I did bank too early at yesterday's low, but then sold again and waited for a wide ranged higher volumed bar to bank again. Any fast MA helps remind me to stay short - here its the 21 LWMA The lows are at the 38% retrace on the hourly chart, also a prior accumulation area, with the next area ~the 50% retrace. Now I expect...
Hi Islander,

Could you give me the link or share this Daily Range Indicator with us ? You seem always to have some nice MT4 features.

Thanks

Bernard
Attached Image
Trade Your P/L, Trade the Market. Manage your Risk.
  • #6,173
  • Mar 4, 2015 4:54am Mar 4, 2015 4:54am
Quoting cat
{quote} What goes up, must come down - any market that moves this far from the 200 day moving average must sooner or later come back towards it. Il be surprised if this doesn't go all the way to the H4 100sma at 11,062. Whatever level it stops at, it's going to be a great buying opportunity.
Thank you I have traded in a pretty bad result now with all the futures, main of the reason is I am still lack of money management
  • #6,174
  • Mar 4, 2015 4:57am Mar 4, 2015 4:57am
short 11.243. We'll see if retested 11,200
Attached Image (click to enlarge)
Click to Enlarge Name: dax intra 04-03-15.png Size: 37 KB
  • #6,175
  • Mar 4, 2015 5:03am Mar 4, 2015 5:03am
Quoting jmss59
short 11.243. We'll see if retested 11,200 {image}
Closed BE
  • #6,176
  • Mar 4, 2015 5:37am Mar 4, 2015 5:37am
Quoting fallinz
{quote}Thank you I have traded in a pretty bad result now with all the futures, main of the reason is I am still lack of money management
But this should be the easiest part of trading - the market we have no control over, but our money we do. Determine how much you are willing to risk to find out whether you are right or wrong, which should be no more than 1 or 2% of your account, and stick to it as if your life depended on it.
  • #6,177
  • Mar 4, 2015 5:53am Mar 4, 2015 5:53am
Quoting deltaone
last trade, might be completing this little bad run: long @s1, tp = p, sl -20, will not move it. afk
sometimes itīs good to have a break. emotions off, brain on: closed manually, +45. so i turned this red day green. no trades till adp.
fortis fortuna adiuvat
  • #6,178
  • Mar 4, 2015 6:40am Mar 4, 2015 6:40am
Quoting deltaone
{quote} sometimes its good to have a break. emotions off, brain on: closed manually, +45. so i turned this red day green. no trades till adp.
gratz got twice hit -10 on new short attempts...

so lets see what numbers bring up
  • #6,179
  • Mar 4, 2015 7:11am Mar 4, 2015 7:11am
Quoting Kijun
{quote} gratz got twice hit -10 on new short attempts... so lets see what numbers bring up
thanks! intraday-reversal at itīs best. closed a little bit early, but most important i made money - and got back to discipline.
fortis fortuna adiuvat
  • #6,180
  • Mar 4, 2015 7:17am Mar 4, 2015 7:17am
shorted lower than expected ADP but will close fast if it turns against me
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