Carpe diem: Intraday tactics for Dax and Dow | Page 466 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

DAX, Nikkei 225 and Dow Jones only 11 replies

CFD DAX & DOW and more 17 replies

Carpe Diem: Nikkei 225 14 replies

finding good trades with Nasdaq, dow, spx, and dax 43 replies

Daily pivot point indicator on mt4 for dow and dax 1 reply

Attachments: Carpe diem: Intraday tactics for Dax and Dow
Exit Attachments

Carpe diem: Intraday tactics for Dax and Dow

  • #9,301
  • Edited 8:51am Jun 2, 2015 6:19am | Edited 8:51am
76.4% at 11,302 is important now...

Not the easiest days to trade today once the initial drop to S2 had finished, always that way when you have no clear lines of support and resistance to go on beforehand and the pa jumps about all over the place. Still very much a bearish bias even though we went sideways on the daily chart throughout May. USD is on the slide though, and this correlates to falling indecis overall. As I posted earlier, all the technicals are indicating that 11,000 is a strong target for Dax traders now, though I've got the Daily 100sma coming over the top currently at 11,620, and on any chart, when a big MA comes over the top of the price like this, or curl round beneath it, the price likes to turn back towards it - have a look at the eur/usd Daily chart and you'll see there that as the 100sma curled round beneath the price, it fell sharply back towards it, though it did break it strongly before turning back up again. This means that for the Dax, although the picture is bearish, we could easily see some buying over the next couple of days or so, before, I think, we fall again.
  • #9,302
  • Jun 2, 2015 9:53am Jun 2, 2015 9:53am
Quoting jpadvisor
Dax - A big thank you goes to Forexcube, who gave me the clue to set a PO long at 11.280. Triggered. {image}
Went out with + 75. Will reload longs tomorrow at lower.
Per aspera ad astra
  • #9,303
  • Jun 2, 2015 11:39pm Jun 2, 2015 11:39pm
I'm getting ready to buy Dax this morning and will looking initially at R1 ( 11,446) as TP, but if it's a really strong buying day we could see R2. Either way, I'm bullish as I referred to last night.
  • #9,304
  • Jun 2, 2015 11:41pm Jun 2, 2015 11:41pm
Quoting cat
I'm getting ready to buy Dax this morning and will looking initially at R1 ( 11,446) as TP, but if it's a really strong buying day we could see R2. Either way, I'm bullish as I referred to last night.
EUR strengthening doesn't concern you today?
  • #9,305
  • Jun 2, 2015 11:49pm Jun 2, 2015 11:49pm
Quoting PariCovek
{quote} EUR strengthening doesn't concern you today?
Yes it does, so if eur pushes up strongly, then I'm probably wrong. I'm hoping eur will peak at around 11,220. My support levels on the Dax are from 310 down to around 295, though we could push lower to 275.
  • #9,306
  • Jun 2, 2015 11:53pm Jun 2, 2015 11:53pm
Anyhow, big day on the eco calender today so anything can happen, but gotta go with the techs and they point up.
  • #9,307
  • Jun 3, 2015 12:36am Jun 3, 2015 12:36am
I think Greece' proposal is inadeguate and won't be accepted. Thus maybe a new dip today. Will see.
  • #9,308
  • Edited 1:02am Jun 3, 2015 12:43am | Edited 1:02am
Watch 400 if you're in long, you don't want to give all that money away!

I'm out at 403 - I've earned a coffee!
  • #9,309
  • Jun 3, 2015 1:12am Jun 3, 2015 1:12am
Just following the PVA with the EA doing the grunt work and using the settings options.....
Attached Image (click to enlarge)
Click to Enlarge Name: jne3 1m 0803.png Size: 32 KB
Trading Levels with WRBs
  • #9,310
  • Jun 3, 2015 1:21am Jun 3, 2015 1:21am
Quoting Islander
Just following the PVA with the EA doing the grunt work and using the settings options..... {image}

Sir, are you saying the EA does the job, in and out ?
  • #9,311
  • Jun 3, 2015 2:06am Jun 3, 2015 2:06am
Quoting huskyboy
{quote} Sir, are you saying the EA does the job, in and out ?
Sometimes yes, as in the second trade for +55. In the other two, given the confluence of the BRNs and pivots, I modified the TP.

As I have said before, I use this EA as an order placer and to make good profits it needs to be monitored and turned off when conditions are unsuitable - that's
the trick

FYI, its been turned off since that last exit when I finished my morning's trading.
Trading Levels with WRBs
  • #9,312
  • Jun 3, 2015 2:20am Jun 3, 2015 2:20am
Quoting Islander
Just following the PVA with the EA doing the grunt work and using the settings options..... {image}
hello Islander
saw your EA , i was looking for such EA but not finding it, thanx for sharing
what is the period you use on moving average on your chart??
plz share the indi broker tick PVA if you can

Thanks
  • #9,313
  • Jun 3, 2015 2:24am Jun 3, 2015 2:24am
Quoting Islander
Just following the PVA with the EA doing the grunt work and using the settings options..... {image}
GM - I see you may now have a more aggressive LWMA (12 vs 21?); is the MA cross EMA3 ?

The +46 - you waited for a clear LH ?

Thx
  • #9,314
  • Jun 3, 2015 2:43am Jun 3, 2015 2:43am
Quoting cat
Watch 400 if you're in long, you don't want to give all that money away! I'm out at 403 - I've earned a coffee!
It's holding up... Let's see what Berlin lunch will offer.
  • #9,315
  • Jun 3, 2015 2:59am Jun 3, 2015 2:59am
Quoting razaali
{quote} hello Islander saw your EA , i was looking for such EA but not finding it, thanx for sharing what is the period you use on moving average on your chart?? plz share the indi broker tick PVA if you can Thanks

Hi - I posted that EA in my old thread - just use the paper-clip and its at the top of the File Attachments.

http://www.forexfactory.com/showthre...14628&page=261

The PVA volume is from TAH's new thread and it works with his modified candles - the FFCAL Headlines comes from there too....do read all of his first post, there's some great info there

http://www.forexfactory.com/showthread.php?t=540706

The attached chart is using three of his new indicators....
Attached Image (click to enlarge)
Click to Enlarge Name: jne3 1m 0903.png Size: 33 KB
Trading Levels with WRBs
  • #9,316
  • Jun 3, 2015 3:02am Jun 3, 2015 3:02am
Quoting cove
{quote} GM - I see you may now have a more aggressive LWMA (12 vs 21?); is the MA cross EMA3 ? The +46 - you waited for a clear LH ? Thx

Correct - it remains wok in progress....both are LWMAs......and yes, you've got it ..... its easy to get chopped when using very fast settings, so be selective when to turn it on - or use the bias setting
Trading Levels with WRBs
  • #9,317
  • Jun 3, 2015 3:24am Jun 3, 2015 3:24am
Quoting Islander
{quote} Hi - I posted that EA in my old thread - just use the paper-clip and its at the top of the File Attachments. http://www.forexfactory.com/showthre...14628&page=261 The PVA volume is from TAH's new thread and it works with his modified candles - the FFCAL Headlines comes from there too....do read all of his first post, there's some great info there http://www.forexfactory.com/showthread.php?t=540706 The attached chart is using three of his new indicators.... {image}
i uploaded your EA but its not making trades . i want an EA as price ger30 price crossed 14 days MA it makes sell every time , as price crossed upside that MA it makes buy .
would you suggest me any EA like that . plz suggest me any if you saw somewhere or have it

Thanks bro for your time
Attached Image (click to enlarge)
Click to Enlarge Name: ger30-m1-pepperstone-financial-pty-2.png Size: 29 KB
  • #9,318
  • Jun 3, 2015 3:59am Jun 3, 2015 3:59am
Quoting razaali
{quote} i uploaded your EA but its not making trades . i want an EA as price ger30 price crossed 14 days MA it makes sell every time , as price crossed upside that MA it makes buy . would you suggest me any EA like that . plz suggest me any if you saw somewhere or have it Thanks bro for your time {image}
To approximate price crossing a MA as a trigger, set your fast MA to 1 - or use an EA that works with Price as opposed to a MA.

Look at my posts around the date that I posted the EA, I guess I will have put more info there - or just search the threads......

FYI, this is what happens if you leave this EA active all of the morning....

PS banked 11 pts from that last sell, just 'cause I was by my screen having come in from my garden...
Attached Image (click to enlarge)
Click to Enlarge Name: jne3 d 1m 1053.png Size: 36 KB
Trading Levels with WRBs
  • #9,319
  • Jun 3, 2015 4:31am Jun 3, 2015 4:31am
Lot of talk about a Greek deal being done tonight, however, I think its unlikely because Draghi (ECB) and Lagarde (IMF) will not be attending the meeting tonight.

I doubt they would've delegated responsibilities to agree on behalf of the IMF and ECB... So that leads me to conclude no concrete deals overnight.

I think this Dax rally may pullback tomorrow, let's see.

http://www.theguardian.com/business/...cb-draghi-live
  • #9,320
  • Jun 3, 2015 5:00am Jun 3, 2015 5:00am
Inserted Video


Some days things go just perfect. On others, they go a bit like this. The beauty with this business is that you never quite know which it's going to be
22 traders viewing now