Carpe diem: Intraday tactics for Dax and Dow | Page 467 | 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

  • #9,321
  • Jun 3, 2015 7:11am Jun 3, 2015 7:11am
Quoting Forexcube
DAX30, H1, 2015 June 01 ...I'm waiting with this Pending Order. PO DAX30, Long @ 11'280, Target @ 11'700 (...& hope it could be managed before Grexit could coming up). {image}
#9'285


@ 11'280 was triggered yesterday.
actual: 11'454, set SL @ 11'320
  • #9,322
  • Edited Jun 4, 2015 12:18am Jun 3, 2015 11:09pm | Edited Jun 4, 2015 12:18am
Quoting Forexcube
{quote} #9'285 @ 11'280 was triggered yesterday. actual: 11'454, set SL @ 11'320
Hey Forexcube, I just noticed that you went long on ASX before it opened yesterday, just curious why you went Long ASX, with a Short SP before they both opened?

Usually ASX correlates with overnight European/US Equities movements.

I know ASX is trading 8% lower than End of April, which is a big drop, but it could drop to the bottom of the trend line (5360-5400 zone), but I think that's probably the interim bottom.
Attached Image (click to enlarge)
Click to Enlarge Name: Image2.png Size: 93 KB
  • #9,323
  • Jun 4, 2015 1:52am Jun 4, 2015 1:52am
GM - nice gap close move for ~40 points to start the day
Attached Image (click to enlarge)
Click to Enlarge Name: jne3 d 1m xo.png Size: 21 KB
Trading Levels with WRBs
  • #9,324
  • Jun 4, 2015 3:31am Jun 4, 2015 3:31am
Quoting Forexcube
{quote} #9'285 @ 11'280 was triggered yesterday. actual: 11'454, set SL @ 11'320
#9'321

SL was triggered, +40
  • #9,325
  • Jun 4, 2015 3:31am Jun 4, 2015 3:31am
Following the closing of the gap and the rally in the Euro, shorts only mode was selected. T1 was closed at MS1 and the last trade after the BRN area held as a HL. That finishes my morning.
Attached Image (click to enlarge)
Click to Enlarge Name: jne3 d 1m 0827.png Size: 28 KB
Trading Levels with WRBs
  • #9,326
  • Jun 4, 2015 3:32am Jun 4, 2015 3:32am
DAX, Long @ 11'225
( so also Australia200 Long @ 5'502 & France40, Long @ 4'930))
  • #9,327
  • Jun 4, 2015 3:48am Jun 4, 2015 3:48am
Am long DAX 11200
practising coitus interruptus
  • #9,328
  • Jun 4, 2015 3:56am Jun 4, 2015 3:56am
If 11'150 didn't hold, I would go further south
next rail stations @ 10'985, @ 10'840, @10'275 (H12 support lines)

PO DAX Long @ 11'150 (if so)
  • #9,329
  • Jun 4, 2015 4:07am Jun 4, 2015 4:07am
Quoting Forexcube
DAX, Long @ 11'225 ( so also Australia200 Long @ 5'502 & France40, Long @ 4'930))
#9'326

Exit @ 11'240, +15
  • #9,330
  • Jun 4, 2015 4:11am Jun 4, 2015 4:11am
Quoting PariCovek
{quote} Hey Forexcube, I just noticed that you went long on ASX before it opened yesterday, just curious why you went Long ASX, with a Short SP before they both opened? Usually ASX correlates with overnight European/US Equities movements. I know ASX is trading 8% lower than End of April, which is a big drop, but it could drop to the bottom of the trend line (5360-5400 zone), but I think that's probably the interim bottom. {image}
Hi Pari Covek,
could you refer to the exact time period, please.
I didn't understand your statement.
FXcube
  • #9,331
  • Jun 4, 2015 4:29am Jun 4, 2015 4:29am
Quoting Forexcube
{quote} Hi Pari Covek, could you refer to the exact time period, please. I didn't understand your statement. FXcube
Hi Forexcube,

Just curious why you went long ASX and short SP on these two trades, which you posted one after the other and outside market hours:
http://www.forexfactory.com/showthre...28#post8302228
http://www.forexfactory.com/showthre...33#post8302233

Cheers
PC
  • #9,332
  • Edited 8:33am Jun 4, 2015 4:51am | Edited 8:33am
Quoting Islander
Following the closing of the gap and the rally in the Euro, shorts only mode was selected. T1 was closed at MS1 and the last trade after the BRN area held as a HL. That finishes my morning. {image}
Hi Islander, very impressive result of simple system, with sophisticated operation, of course .
I am just wondering, how does the EA filter the market noise in the area marked in blue? If just run by EA itself, there would be many entries with whipsaw like that.
I assume all trades were executed by EA. The EA entry trigger is the close price cross 12 LWMA of close price; trade short only; the EA activated after the gap filled.
Thanks
Attached Image (click to enlarge)
Click to Enlarge Name: 1.png Size: 36 KB
seeing through
  • #9,333
  • Jun 4, 2015 6:24am Jun 4, 2015 6:24am
Quoting Forexcube
{quote} #9'2331 Could you explain why it should be outside the market hours, please! These trades were executed 23h ago, now it's 13h16 Zuerich Time. FXcube
I meant those trades were outside the trading hours for those equities markets (US and Aust)... but my main curiosity was why u went long in ASX and short in SP that day?

Cheers...
  • #9,334
  • Jun 4, 2015 6:24am Jun 4, 2015 6:24am
Quoting PariCovek
{quote} Hi Forexcube, Just curious why you went long ASX and short SP on these two trades, which you posted one after the other and outside market hours: http://www.forexfactory.com/showthre...28#post8302228 http://www.forexfactory.com/showthre...33#post8302233 Cheers PC
#9'331

once again PariCovek!
Could you explain why it should be outside the market hours, please!
These trades were executed 23h ago, now it's 13h16 Zuerich Time.
...& why did you ask me that here at "Carpe diem: Intraday tactics for Dax and Dow"?
It's not the right thread, here. You're refer to "Hodgepodge & Life Trading".
This is definitely another thread, here.
FXcube
  • #9,335
  • Jun 4, 2015 6:28am Jun 4, 2015 6:28am
Quoting PariCovek
{quote} I meant those trades were outside the trading hours for those equities markets (US and Aust)... but my main curiosity was why u went long in ASX and short in SP that day? Cheers...

Ah okay I live in europe in another time zone.
And to refer to your question why I went Long with ASX & Short with SP I'll give you the answer, in two hours,
when I'm back at home.
First short answer is to minimize the risk. Other arguments will follow then.
Kindest regards
FXcube
  • #9,336
  • Jun 4, 2015 6:29am Jun 4, 2015 6:29am
Quoting Forexcube
{quote} Ah okay I live in europe in another time zone. And to refer to your question why I went Long with ASX & Short with SP I'll give you the answer, in two hours, when I'm back at home. First short answer is to minimize the risk. Other arguments will follow then. Kindest regards FXcube
Great - thanks, look forward to response.
  • #9,337
  • Edited 8:16am Jun 4, 2015 7:56am | Edited 8:16am
Quoting pipphunter
{quote} Hi Islander, very impressive result of simple system, with sophisticated operation, of course . I am just wondering, how to filter the market noise in the area marked in blue? If just run by EA itself, there would be many entries with whipsaw like that. I assume that, the entry trigger is the close price cross 12 LWMA of close price, trade short only, the EA activated after the gap filled. Thanks {image}
I'm sure Islander will answer you, but I thought I'd also drop you a post in answer to your question. First I determined momentum. As you will see from the screenshot, the hefty MAs on this 1m chart are all above the price, as they are on the 5m, 15m chart, and 30m chart. To me this says only one thing - it's going to fall. Usually before a big drop like we had this morning, you get a period of chop like this. What I try and do is as I did here, get some kind of a trend line in, and watch how the price behaves when it butts up against the 200ema. When you see an inverted hammer formation close to the ma combined with a crossing of the trend line, that it your signal, you press the sell button, without a seconds hesitation. There were three clear chances to enter on this TF, each requiring a bigger SL, which is why it is always best to get in as close to the 200ema as poss. Hope this helps.

Ps - a 20 pip SL would have been required on the first of these entry arrows to clear the Bollinger, so if that's within your risk toleration, that's fine. However, the only way you can safely trade with smaller than this is to lower the TF. My 3sec TF gave me a 10 pip SL well clear, using the trend line to enter. Not everyone's cup of tea trading off such small TFs, but to minimize your risk, it's the way to go.
Attached Image (click to enlarge)
Click to Enlarge Name: Germany 30 (DFB).png Size: 65 KB
  • #9,338
  • Jun 4, 2015 8:44am Jun 4, 2015 8:44am
Quoting cat
{quote} I'm sure Islander will answer you, but I thought I'd also drop you a post in answer to your question. First I determined momentum. As you will see from the screenshot, the hefty MAs on this 1m chart are all above the price, as they are on the 5m, 15m chart, and 30m chart. To me this says only one thing - it's going to fall. Usually before a big drop like we had this morning, you get a period of chop like this. What I try and do is as I did here, get some kind of a trend line in, and watch how the price behaves when it butts up against the...
Hi Cat, thanks for the very detail explanation. I appreciate that. By taking the trade manually would definitely catch the better entry. you have clearly show how.
I guess Islander's trades were executed by the Universal MA Cross EA. I would like to learn how to make the EA to avoid taking many trades in whipsaw area, and only take one effective trade instead, as it shows on the chart.
seeing through
  • #9,339
  • Jun 4, 2015 8:47am Jun 4, 2015 8:47am
Quoting avibe
Am long DAX 11200
out at +150
practising coitus interruptus
  • #9,340
  • Jun 4, 2015 8:54am Jun 4, 2015 8:54am
Quoting Forexcube
DAX, Long @ 11'225 ( so also Australia200 Long @ 5'502 & France40, Long @ 4'930))
#9'326

France40,
Exit @ 5'008, +78
139 traders viewing now