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Carpe diem: Intraday tactics for Dax and Dow

  • #8,841
  • Apr 28, 2015 3:25am Apr 28, 2015 3:25am
still in channel, anybody's game....
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  • #8,842
  • Apr 28, 2015 3:38am Apr 28, 2015 3:38am
The way I see the action so far......now in a range so wait for the breakout....or like me, take a break!

First, buy when the close and open levels acted as support

The XO Lower High was the signal to sell and the ultra wide, high volumed marubozo at the FNW was the signal to exit.

Then sell the retrace to the BRN - or wait for Yesterday's Close to hold as a LH.

The bullish divergence suggested that the next fall wasn't going far, so a buy after that small green spinning top with green volume for a few points back up to yesterday's close.....its also today's PVP
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Trading Levels with WRBs
  • #8,843
  • Apr 28, 2015 3:53am Apr 28, 2015 3:53am
long@12016 tp 12040
  • #8,844
  • Apr 28, 2015 3:53am Apr 28, 2015 3:53am
Quoting Decu33
{quote} Hi Littspaniard u act on pure price action, or you have an indicator trigger as well ( i don't need to know it) i was just curious thx, and good luck
Hi Decu, just price action and sentiment .

This is sentiment for me: Yesterday the dax was weak overall by greece issue, halfway through the European morning the dax turns strong by greece.

Today if we assume that the issue of Greece has calmed down a bit, though greece at any time can return, the force below surface is the European QE, so for me today better long. If the price move down...a better oportunity to go long.

Of course the intraday sentiment can change during the day.

Regards
The only constant is change
  • #8,845
  • Apr 28, 2015 3:58am Apr 28, 2015 3:58am
Quoting littspaniard
{quote} Hi Decu, just price action and sentiment . This is sentiment for me: Yesterday the dax was weak overall by greece issue, halfway through the European morning the dax turns strong by greece. Today if we assume that the issue of Greece has calmed down a bit, though greece at any time can return, the force below surface is the European QE, so for me today better long. If the price move down...a better oportunity to go long. Of course the intraday sentiment can change during the day. Regards
Much appreciated

Thanks,
  • #8,846
  • Apr 28, 2015 4:36am Apr 28, 2015 4:36am
Quoting Islander
The way I see the action so far......now in a range so wait for the breakout....or like me, take a break! First, buy when the close and open levels acted as support The XO Lower High was the signal to sell and the ultra wide, high volumed marubozo at the FNW was the signal to exit. Then sell the retrace to the BRN - or wait for Yesterday's Close to hold as a LH. The bullish divergence suggested that the next fall wasn't going far, so a buy after that small green spinning top with green volume for a few points back up to yesterday's close.....its...

it's that simple, keep posting Islander, love reading it
  • #8,847
  • Apr 28, 2015 5:08am Apr 28, 2015 5:08am
hi, longs

So at the moment al positions are been losers. The last ones -19-36
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The only constant is change
  • #8,848
  • Apr 28, 2015 5:32am Apr 28, 2015 5:32am
Quoting littspaniard
hi, longs So at the moment al positions are been losers. The last ones -19-36 {image}
sl hit -75 (25*3)
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The only constant is change
  • #8,849
  • Apr 28, 2015 6:05am Apr 28, 2015 6:05am
This W shape pattern appears to be range-bound and has lost its bullishness.

My long entries were terrible today, my worst losses. USD weakness and overbuying yesterday on greek news suggests to me this will go lower in the interim. I'll take longs again at 11780 or 11620 if we get there.
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  • #8,850
  • Apr 28, 2015 6:08am Apr 28, 2015 6:08am
hello, there may be an opportunity to go long soon around 11870 if the price is does not close under the elipse as shown it pic.
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  • #8,851
  • Apr 28, 2015 6:11am Apr 28, 2015 6:11am
Quoting PariCovek
This W shape pattern appears to be range-bound and has lost its bullishness. My long entries were terrible today, my worst losses. USD weakness and overbuying yesterday on greek news suggests to me this will go lower in the interim. I'll take longs again at 11780 or 11620 if we get there. {image}
That makes 2 of us my friend! but i at least got in on a good short hope you saw it too
  • #8,852
  • Apr 28, 2015 6:56am Apr 28, 2015 6:56am
Quoting acit
Very strong resistance level at 12052. 30min sma 400, 1hr sma 200, 4hr sma 64..we'll see if this will go down from there.
Close short TP +152 points
  • #8,853
  • Apr 28, 2015 7:00am Apr 28, 2015 7:00am
Quoting acit
{quote} Close short TP +152 points
Sell limit next at Daily pivot 11939..

*the night is still young for Dax, now ADR 1976/2390!
  • #8,854
  • Edited 7:59am Apr 28, 2015 7:04am | Edited 7:59am
Hi , long


edit :I set the stop 12 points below the initial
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The only constant is change
  • #8,855
  • Apr 28, 2015 7:07am Apr 28, 2015 7:07am
ok, seems like 11880 holds - its funny how it touched the fib 61.8 from the last swing up and the elipse. hopefully its gonna be sustainable and its not just a short retrace of the swing down. long from 11880.
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  • #8,856
  • Apr 28, 2015 8:05am Apr 28, 2015 8:05am
Quoting chester123
ok, seems like 11880 holds - its funny how it touched the fib 61.8 from the last swing up and the elipse. hopefully its gonna be sustainable and its not just a short retrace of the swing down. long from 11880. {image}
Nice to see someone using a phi ellipse or two - it reminds me of my time using Wave 59 and Erik Bean's Fibonacci Vortex. Without such exotic tools, I make do with modifying MT4's Fib Time Lines to the Lucas sequence - they work rather well over specific periods

Right now its all about waiting for the next Greek Rumour to hit the news and watching for the hints as to which way the market is thinking its going to be....

@ Huskyboy - thanks
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Trading Levels with WRBs
  • #8,857
  • Apr 28, 2015 8:42am Apr 28, 2015 8:42am
Quoting littspaniard
Hi , long edit :I set the stop 12 points below the initial {image}
SL hit -90 (30*3). totaly wrong my analisys today, very weak or lazy Dax, so less probabilities to go long and take points.

So enough for me today. Trade well
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The only constant is change
  • #8,858
  • Apr 28, 2015 9:04am Apr 28, 2015 9:04am
Dax has broken my 11840 and 11788 support levels, I see this searching lower... 11620 is my next level of support.

EUR/USD headed for 1.10
  • #8,859
  • Apr 28, 2015 9:18am Apr 28, 2015 9:18am
Quoting PariCovek
Dax has broken my 11840 and 11788 support levels, I see this searching lower... 11620 is my next level of support. EUR/USD headed for 1.10
yes, same here
Don't be a hero. Don't have an ego. Always question yourself
  • #8,860
  • Apr 28, 2015 9:31am Apr 28, 2015 9:31am
Is there any news from Greece??
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