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Carpe diem: Intraday tactics for Dax and Dow

  • #7,181
  • Mar 19, 2015 4:00am Mar 19, 2015 4:00am
Quoting deltaone
long @11.902 sl -10 tp +30
sl moved to be, hit. +-0
fortis fortuna adiuvat
  • #7,182
  • Mar 19, 2015 4:04am Mar 19, 2015 4:04am
Quoting dafa
I am long @11.828 and still hold. We will see..
Learn to take profits, otherwise these markets will chew you up ( just my half a sixpence )
  • #7,183
  • Mar 19, 2015 4:04am Mar 19, 2015 4:04am
long 11.901,5 sl -10 tp +30
fortis fortuna adiuvat
  • #7,184
  • Mar 19, 2015 4:05am Mar 19, 2015 4:05am
Quoting deltaone
long 11.901,5 sl -10 tp +30
sl = be now.
fortis fortuna adiuvat
  • #7,185
  • Mar 19, 2015 4:10am Mar 19, 2015 4:10am
Quoting deltaone
{quote} sl = be now.
tp hit. +30
fortis fortuna adiuvat
  • #7,186
  • Mar 19, 2015 4:17am Mar 19, 2015 4:17am
Quoting cat
{quote} Learn to take profits, otherwise these markets will chew you up ( just my half a sixpence )
I was in good profit yesterday so this trade is like a strawberry on the cream. All or nothing.;-) I want it more like investment.
  • #7,187
  • Mar 19, 2015 4:22am Mar 19, 2015 4:22am
long @11.909,5 sl -10 tp +30
fortis fortuna adiuvat
  • #7,188
  • Mar 19, 2015 4:23am Mar 19, 2015 4:23am
Quoting deltaone
long @11.909,5 sl -10 tp +30
sl = be now.
fortis fortuna adiuvat
  • #7,189
  • Mar 19, 2015 4:23am Mar 19, 2015 4:23am
Hi All,
How about visiting 11810 approx, before deciding there where we'll go next ? Further down for a healthy correction or up again with the free money flow ?

Always interested in your views, although not fast enough to post live my gains and losses (following respectfully the "no past trades" posting rule).
Good luck to all

EDIT : Actually I need to recalculate my figures to be in line with yours, I have switched yesterday to the June CFD Futures contracts and the spread with actual dax is huge at the moment >>> Somewhere like 26 points difference +, quick visual calc
  • #7,190
  • Mar 19, 2015 4:25am Mar 19, 2015 4:25am
Quoting acit
Had bought dax from 11905 due to fundementals..all indexes in the world are up..now already BE
Nice fall and hit be..its ok tis is a free trade after i made good money on hongkong index ;p
  • #7,191
  • Mar 19, 2015 4:25am Mar 19, 2015 4:25am
Quoting cat
{quote} Learn to take profits, otherwise these markets will chew you up ( just my half a sixpence )
Hi Cat,
keep your morning summaries coming , i enjoy them as I'm sure do others .

Could I ask you whats your thoughts on scaling out of positions ?
Split the trade into 3 or four parts and bank as the trade gets profitable ,
Its something Im looking into as taking profits is my weakness at the moment .
regards
  • #7,192
  • Mar 19, 2015 4:26am Mar 19, 2015 4:26am
Quoting deltaone
{quote} sl = be now.
tp hit. +30
fortis fortuna adiuvat
  • #7,193
  • Mar 19, 2015 4:26am Mar 19, 2015 4:26am
Quoting dafa
{quote} I was in good profit yesterday so this trade is like a strawberry on the cream. All or nothing.;-) I want it more like investment.
Anyway, good luck!
  • #7,194
  • Mar 19, 2015 4:32am Mar 19, 2015 4:32am
Quoting Motfund
Hi All, How about visiting 11810 approx, before deciding there where we'll go next ? Further down for a healthy correction or up again with the free money flow ? Always interested in your views, although not fast enough to post live my gains and losses (following respectfully the "no past trades" posting rule). Good luck to all EDIT : Actually I need to recalculate my figures to be in line with yours, I have switched yesterday to the June CFD Futures contracts and the spread with actual dax is huge at the moment >>> Somewhere like 26 points difference...
I think we may see a small currency war between US and Europe, this may affect Dax (slightly stronger EUR against USD), so I wonder if this is early profit taking regarding this risk. EUR is still much cheaper than it was, so this helps Dax companies with their Forward PE. I also think any foreign buyers into the DAX (like US Funds) will be held tightly for a couple of years (until USD weakens again and they can bring back larger capital gains in USD terms), so this may restrict the amount of selling in the short term (keeping the DAX high, with limited pullbacks ~ 400 pts seems to be the range of most recent pull backs, and I look for those repeating pullbacks as a guide for re-entry). Just a thought, I may be wrong.
  • #7,195
  • Mar 19, 2015 4:34am Mar 19, 2015 4:34am
Quoting Motfund
Hi All, How about visiting 11810 approx, before deciding there where we'll go next ? Further down for a healthy correction or up again with the free money flow ? Always interested in your views, although not fast enough to post live my gains and losses (following respectfully the "no past trades" posting rule). Good luck to all EDIT : Actually I need to recalculate my figures to be in line with yours, I have switched yesterday to the June CFD Futures contracts and the spread with actual dax is huge at the moment >>> Somewhere like 26 points difference...
I think after yesterday USD squeeze market is more unpredictable than usually. So nobody tell you. Long term is UP and with QE in Europe it's more and more likely. So take only longs at the corrections. It's the only way in my eyes. I think D1 do the same.;-) But you can scalp both side, of course. But I don't.
  • #7,196
  • Mar 19, 2015 4:38am Mar 19, 2015 4:38am
To Delataone,

Is todays price action/volatility greater than normal?

Im seeing price move in instant 8 pip moves. Just had a 20 point drop and reversal in 20 seconds!
  • #7,197
  • Mar 19, 2015 4:43am Mar 19, 2015 4:43am
Quoting PariCovek
{quote} I think we may see a small currency war between US and Europe, this may affect Dax (slightly stronger EUR against USD), so I wonder if this is early profit taking regarding this risk. EUR is still much cheaper than it was, so this helps Dax companies with their Forward PE. I also think any foreign buyers into the DAX (like US Funds) will be held tightly for a couple of years (until USD weakens again and they can bring back larger capital gains in USD terms), so this may restrict the amount of selling in the short term (keeping the DAX high,...
Thanks for your answer (to Dafa as well)
Good luck to all
  • #7,198
  • Mar 19, 2015 4:45am Mar 19, 2015 4:45am
Quoting Motfund
Hi All, How about visiting 11810 approx, before deciding there where we'll go next ? Further down for a healthy correction or up again with the free money flow ? Always interested in your views, although not fast enough to post live my gains and losses (following respectfully the "no past trades" posting rule). Good luck to all EDIT : Actually I need to recalculate my figures to be in line with yours, I have switched yesterday to the June CFD Futures contracts and the spread with actual dax is huge at the moment >>> Somewhere like 26 points difference...
hi Motfund,

thanks for following the rules. not surprising, i think we will go back to ath. if not today, then tomorrow. this temporary weakness is just profit taking after the breathtaking run to the north. also, it is not unlikely that some big boys sitting in blood-red shorts where happy to close some at lower levels. possible that we will see a spike upwards after settlement if price is below 12.000 tomorrow 13:00 cet.

all the best
d1
fortis fortuna adiuvat
  • #7,199
  • Mar 19, 2015 4:48am Mar 19, 2015 4:48am
Quoting deltaone
{quote} hi Motfund, thanks for following the rules. not surprising, i think we will go back to ath. if not today, then tomorrow. this temporary weakness is just profit taking after the breathtaking run to the north. also, it is not unlikely that some big boys sitting in blood-red shorts where happy to close some at lower levels. possible that we will see a spike upwards after settlement if price is below 12.000 tomorrow 13:00 cet. all the best d1
Thanks.
  • #7,200
  • Mar 19, 2015 4:48am Mar 19, 2015 4:48am
Quoting Charmia
{quote} Hi Cat, keep your morning summaries coming , i enjoy them as I'm sure do others . Could I ask you whats your thoughts on scaling out of positions ? Split the trade into 3 or four parts and bank as the trade gets profitable , Its something Im looking into as taking profits is my weakness at the moment . regards
Hi Charmia, thanks for that, I'll do my best. As for scaling out of positions, I'm probably the wrong person to ask, as I'm an all or nothing trader, as in I always have a level to aim for and I tend to stick to it and close my trades with a full house. I have tried scaling out in the past, but it wasn't as profitable for me. I do however scale in. I do this if the price is running strongly, and I add to my position on pullbacks using a combination of a 1m and 10 sec time frame usually. Taking profits is the hardest skill to master ( outside of mastering oneself that is) and the ability to do it successfully can be critical to being successful as a trader.

What does help is putting yourself into the minds of the other traders out there, remembering that herd mentality drives the markets and without it they would be untradeable. What are the main S&R levels that the big traders are going to be heading for? It is our job as traders to determine what these are likely to be. We can never be 100% right, but we can go a long way towards improving our performance. Ask yourself before exiting a trade, either in full or partially, why exactly you are doing so. Is it arbitrary, according to your own personal whim, or is there a solid technically objective reason for doing so?
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