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Carpe diem: Intraday tactics for Dax and Dow

  • #9,461
  • Jun 12, 2015 1:25am Jun 12, 2015 1:25am
confluence zone @ 11, 215 (daily S1 + H1 100 MA + 38% fib of last move high) curious if it's gonna hold....
  • #9,462
  • Jun 12, 2015 2:08am Jun 12, 2015 2:08am
my supports are 11237 and 11190 ...

still long biased , i see a return to 11450 to 11630 IMHO

at break of 11150.. i will be selling to 11100 to 10500

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practising coitus interruptus
  • #9,463
  • Jun 12, 2015 2:26am Jun 12, 2015 2:26am
QUICK QUESTION TO ALL::

Are any of you guys scalpers at all on a day trading frame?

If so a few questions:

1) How many points do you look for a day?
2) How do you use set stops loss and targets? eg risk 10 to make 30?
3 ) Do you move the trade to breakeven once in profit by a said amount? If so by how much?
4 ) How many points do you look for per day? and how many points are you willing to loose in a day before your stop is hit??


Thanks
  • #9,464
  • Jun 12, 2015 2:59am Jun 12, 2015 2:59am
Quoting Cprice76
QUICK QUESTION TO ALL:: Are any of you guys scalpers at all on a day trading frame? If so a few questions: 1) How many points do you look for a day? 2) How do you use set stops loss and targets? eg risk 10 to make 30? 3 ) Do you move the trade to breakeven once in profit by a said amount? If so by how much? 4 ) How many points do you look for per day? and how many points are you willing to loose in a day before your stop is hit?? Thanks
hi,

scalping is looking for opportunities to make somewhere in between 5 to 10 pips max, over 10 pips is not called scalping imo.
SL (previous bar H or L), and as far as moving it to break even, you don't have that much time, it's either you make your 10 pips or you lose your SL of 5-7 pips....
i used to do it, not anymore thou, i took as many opportunities as possible.
let's say you are in an uptrend, got a retracement of 38%, got a dblhc on that retracement, and place a long, get 30 pips ( closing on the previous high), imo this is not scalping...
i'm not sure anymore what i'm trying to say, but i hope it helps )

best,
  • #9,465
  • Jun 12, 2015 4:10am Jun 12, 2015 4:10am
Thanks for the reply.I think I know what you mean hahahah.Ps why have you stopped scalping then? I can only assume its because its not profitable??

Thanks
  • #9,466
  • Jun 12, 2015 5:54am Jun 12, 2015 5:54am
DAX, Long @ 11'273, Target @ 11'500
  • #9,467
  • Jun 12, 2015 5:59am Jun 12, 2015 5:59am
DAX, H6, 2015 June 12
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  • #9,468
  • Jun 12, 2015 10:21am Jun 12, 2015 10:21am
was that 100 tick jump in NY ....damn lets be humble before the Gods of DAX ... she be crazy!!!

Have a great weekend
practising coitus interruptus
  • #9,469
  • Jun 12, 2015 10:32am Jun 12, 2015 10:32am
DAX - Entered long at support @11100 with Tp 100 but at the spikes my broker didn't close the trade 2 times.
So I had to close manually with + 75.
This is my 5 M.
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Per aspera ad astra
  • #9,470
  • Jun 12, 2015 11:28am Jun 12, 2015 11:28am
Too Funny - after OPEX dump and stop run, the comment is released that there will be a meeting tomorrow.

Thxs DAX - what a great ride.
  • #9,471
  • Jun 14, 2015 8:18am Jun 14, 2015 8:18am
Quoting jpadvisor
DAX - Entered long at support @11100 with Tp 100 but at the spikes my broker didn't close the trade 2 times. So I had to close manually with + 75. This is my 5 M. {image}
hi... what indi do you use, can u share it? thx u
  • #9,472
  • Jun 15, 2015 1:11am Jun 15, 2015 1:11am
Bund futures up 34 at 151.38
  • #9,473
  • Jun 15, 2015 1:19am Jun 15, 2015 1:19am
Support found for now on the 76.4%/ trend line extension. We also have the daily 200ema just beneath plus a big round number so a big support area this one, though too early to say whether it'll hold.
  • #9,474
  • Jun 15, 2015 2:26am Jun 15, 2015 2:26am
fell for the good old Frankfurt Fakie... but quickly recovered

by the look of things ... the market is preparing for a greek rescue... IMHO


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practising coitus interruptus
  • #9,475
  • Jun 15, 2015 2:43am Jun 15, 2015 2:43am
Quoting avibe
fell for the good old Frankfurt Fakie... but quickly recovered by the look of things ... the market is preparing for a greek rescue... IMHO {image}
I wouldn't call that a fake, it was with momentum down to a key support level, it was the most likely direction for Frankfurt to take it. Up for me than down, now that would have been a fake. For me a fake is an unexpected sharp move against the run of play before rejoining direction of momentum. Just saying...
  • #9,476
  • Jun 15, 2015 2:52am Jun 15, 2015 2:52am
Quoting cat
{quote} I wouldn't call that a fake, it was with momentum down to a key support level, it was the most likely direction for Frankfurt to take it. Up for me than down, now that would have been a fake. For me a fake is an unexpected sharp move against the run of play before rejoining direction of momentum. Just saying...
agree, price below the 100 SMA on every TF (M5 and above) looking for short signals for the time being. I would start considering longs, if the price would manage a close above the 100 SMA on M5 at least...
  • #9,477
  • Jun 15, 2015 3:10am Jun 15, 2015 3:10am
Quoting cat
{quote} I wouldn't call that a fake, it was with momentum down to a key support level, it was the most likely direction for Frankfurt to take it. Up for me than down, now that would have been a fake. For me a fake is an unexpected sharp move against the run of play before rejoining direction of momentum. Just saying...
Thanks Cat for the explanation
practising coitus interruptus
  • #9,478
  • Jun 15, 2015 3:33am Jun 15, 2015 3:33am
Quoting avibe
{quote} Thanks Cat for the explanation
  • #9,479
  • Jun 15, 2015 3:45am Jun 15, 2015 3:45am
is everyone waiting on the meeting???
http://news.forexlive.com/!/greek-ne...quawk-20150615
  • #9,480
  • Jun 15, 2015 3:56am Jun 15, 2015 3:56am
Quoting avibe
fell for the good old Frankfurt Fakie... but quickly recovered by the look of things ... the market is preparing for a greek rescue... IMHO {image}
hello avibe. the EA you are using , is it set auto tp n sl???
plz share if you can , thanx
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