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Carpe diem: Intraday tactics for Dax and Dow

  • #8,361
  • Apr 10, 2015 3:04am Apr 10, 2015 3:04am
Quoting Islander
Buy stop above falling TL triggered at 12,230 SL -10 Edit: SL to +1
Closed +1 on stop. Consolidation in progress.....is it more accumulation or the start of distribution??.....TWT and I've posted sufficient for now.
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Trading Levels with WRBs
  • #8,362
  • Apr 10, 2015 3:15am Apr 10, 2015 3:15am
I am positive this will go to another ATH.

The first candle that breaks the 5min trendline and you draw a fib level from top of the wave to bottom of the last wave. It went down 50% for the best entry. I think the only way is up now.

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  • #8,363
  • Apr 10, 2015 3:17am Apr 10, 2015 3:17am
hi, reading longs
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The only constant is change
  • #8,364
  • Apr 10, 2015 3:23am Apr 10, 2015 3:23am
ck87,

the Euwax-Sentiment (3-months dataa) of the DAX index provided from the Boerse Stuttgart shows that highs occur at levels of -15 and lows at levels of +15 approx..The actual value from yesterday is -2,2 - e.g. still more room that the index will rise.

Sixer
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  • #8,365
  • Apr 10, 2015 3:45am Apr 10, 2015 3:45am
Trying short here 12240 15 pt SL
  • #8,366
  • Apr 10, 2015 3:45am Apr 10, 2015 3:45am
Quoting Sixer
ck87, the Euwax-Sentiment (3-months dataa) of the DAX index provided from the Boerse Stuttgart shows that highs occur at levels of -15 and lows at levels of +15 approx..The actual value from yesterday is -2,2 - e.g. still more room that the index will rise. Sixer {image}
most likely yes, no reason to think this bull is done yet.
  • #8,367
  • Apr 10, 2015 3:46am Apr 10, 2015 3:46am
Been short three times today... Every-time its worried me, one burnt me. I find this beast very hard to go against. Today is not bearish at all. EUR/USD down to 1.061 - gives me the clue that the Yanks may be purchasing again once NY opens.
  • #8,368
  • Apr 10, 2015 3:51am Apr 10, 2015 3:51am
anyone see 12000 retest in the short term?
  • #8,369
  • Apr 10, 2015 3:52am Apr 10, 2015 3:52am
Quoting PariCovek
Been short three times today... Every-time its worried me, one burnt me. I find this beast very hard to go against. Today is not bearish at all. EUR/USD down to 1.061 - gives me the clue that the Yanks may be purchasing again once NY opens.
Yea, must see some EU buying before Daxy declines
  • #8,370
  • Apr 10, 2015 3:53am Apr 10, 2015 3:53am
Quoting Amahesh
anyone see 12000 retest in the short term?
I may be wrong, but looks like a breakout from the consolidation range its been in since the last ATH (17 March 15).
  • #8,371
  • Apr 10, 2015 3:58am Apr 10, 2015 3:58am
The problem with trying to trade right now, long or short, is that the price is well extended so any longs cannot be taken with any certainty as you could be buying high - not a good strategy unless you want to capture a few pips. Shorts are also risky because the momentum is still up but it looks tempting to short. this then is a consolidation phase favouring neither longs nor shorts. as I posted earlier, I think we are now building for a correction down to lower levels before we can go higher. If you're trading now with a tight stop loss, then expect to get burned pretty easily.
  • #8,372
  • Apr 10, 2015 3:59am Apr 10, 2015 3:59am
Quoting cat
The problem with trying to trade right now, long or short, is that the price is well extended so any longs cannot be taken with any certainty as you could be buying high - not a good strategy unless you want to capture a few pips. Shorts are also risky because the momentum is still up but it looks tempting to short. this then is a consolidation phase favouring neither longs nor shorts. as I posted earlier, I think we are now building for a correction down to lower levels before we can go higher. If you're trading now with a tight stop loss, then...
Too true.
  • #8,373
  • Apr 10, 2015 4:07am Apr 10, 2015 4:07am
tough to short ATH's, but 2275 does seem way over extended now.
  • #8,374
  • Apr 10, 2015 4:07am Apr 10, 2015 4:07am
Quoting acit
I am positive this will go to another ATH. The first candle that breaks the 5min trendline and you draw a fib level from top of the wave to bottom of the last wave. It went down 50% for the best entry. I think the only way is up now. {image}
R1 target reached, move SL to +20..now targeting R2
  • #8,375
  • Apr 10, 2015 4:09am Apr 10, 2015 4:09am
Quoting acit
{quote} R1 target reached, move SL to +20..now targeting R2
Gjob
  • #8,376
  • Apr 10, 2015 4:09am Apr 10, 2015 4:09am
Quoting Ck87
tough to short ATH's, but 2275 does seem way over extended now.
I want to see it do 150pts, then i may crack another short
  • #8,377
  • Apr 10, 2015 4:15am Apr 10, 2015 4:15am
Interesting to note FTSE100 not doing much while DAX goes wild
  • #8,378
  • Apr 10, 2015 4:19am Apr 10, 2015 4:19am
Wow! 10 GMT on the button, as if some news just hit the wire. Has this now got the buyers to push it higher now that we've hit a nice round number?? R2 is next.
  • #8,379
  • Apr 10, 2015 4:32am Apr 10, 2015 4:32am
Quoting cat
Wow! 10 GMT on the button, as if some news just hit the wire. Has this now got the buyers to push it higher now that we've hit a nice round number?? R2 is next.
It's no doubt due to EUR falling today.
  • #8,380
  • Apr 10, 2015 4:42am Apr 10, 2015 4:42am
I'm getting burnt with an open short
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