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Carpe diem: Intraday tactics for Dax and Dow

  • #10,121
  • Jul 8, 2015 3:05am Jul 8, 2015 3:05am
Quoting acit
{quote} I learned it from a master..basically there are 3 power candle types..power type 1 is engulfing candle where its high and its low is move than the previous candle.. eg: {image}
ok, great, thanks buddy!!
  • #10,122
  • Jul 8, 2015 3:20am Jul 8, 2015 3:20am
DAX is looking real bad on my charts. Hope Greece takes us back up above 11000
  • #10,123
  • Jul 8, 2015 3:30am Jul 8, 2015 3:30am
Quoting cat
{quote} I can't recall him using that terminology either, though I would say that the term is somewhat misleading, indicating that somehow there is a single candle that can tell you everything, but that is nonsense. An individual candle may be telling on a Daily, weekly, or monthly chart, but it won't tell you very much at all trading off small time frames as most of us do, but like I said, they can be extremely powerful when used in combination with other indicators. For me, they are the final entry signal I have, the one signal that tells me to...
Yes cat obviously we need other tools to use this power candle terminology effectively.

eg yesterdays Dax 30mins chart up move...

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  • #10,124
  • Jul 8, 2015 3:40am Jul 8, 2015 3:40am
See my last post, I've added a chart.

I'll be taking that chart down in a couple of mins, so have a look if you're interested - I never leave my tools of the trade up for long!!
  • #10,125
  • Jul 8, 2015 3:45am Jul 8, 2015 3:45am
Quoting cat
See my last post, I've added a chart.
thanks cat but your chart looks like NASA..lol :nerd:
  • #10,126
  • Jul 8, 2015 3:50am Jul 8, 2015 3:50am
Quoting acit
{quote} thanks cat but your chart looks like NASA..lol :nerd:
I know, imagine how boss eyed I get looking at it all day long
  • #10,127
  • Jul 8, 2015 3:54am Jul 8, 2015 3:54am
See you all later, it's my son's sports day and I've got to go and limber up for the Father's race
  • #10,128
  • Jul 8, 2015 3:55am Jul 8, 2015 3:55am
morning, longs
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The only constant is change
  • #10,129
  • Jul 8, 2015 3:59am Jul 8, 2015 3:59am
Quoting littspaniard
morning, longs {image}
two closed +66 (+33+33) and move stop to BE
The only constant is change
  • #10,130
  • Jul 8, 2015 4:21am Jul 8, 2015 4:21am
Also on my chart Dax is looking bad and going to a reversal point.
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Per aspera ad astra
  • #10,131
  • Jul 8, 2015 4:25am Jul 8, 2015 4:25am
Quoting jpadvisor
Also on my chart Dax is looking bad and going to a reversal point. {image}
i still am not seeing any patter for short..

long yes in 5min timeframe, a gartley pattern but not so nice..

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  • #10,132
  • Jul 8, 2015 4:45am Jul 8, 2015 4:45am
Quoting littspaniard
{quote} two closed +66 (+33+33) and move stop to BE
for the rest of the trade finally stop hit at BE
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The only constant is change
  • #10,133
  • Jul 8, 2015 5:05am Jul 8, 2015 5:05am
reenter longs
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The only constant is change
  • #10,134
  • Jul 8, 2015 5:12am Jul 8, 2015 5:12am
Quoting littspaniard
reenter longs {image}
hi ls, you can target 10741.6 for your long...i see good pattern for short 5 mins chart if it reach that level..

5mins chart: ab=cd, 127.2 fibo + threndline + sma

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  • #10,135
  • Jul 8, 2015 5:30am Jul 8, 2015 5:30am
Quoting acit
{quote} hi ls, you can target 10741.6 for your long...i see good pattern for short 5 mins chart if it reach that level.. 5mins chart: ab=cd, 127.2 fibo + threndline + sma {image}
thank you acit, i wish the price reach that area before my stop hit ( just move to BE) and i could close some positions.
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The only constant is change
  • #10,136
  • Jul 8, 2015 5:35am Jul 8, 2015 5:35am
Quoting littspaniard
{quote} thank you acit, i wish the price reach that area before my stop hit ( just move to BE) and i could close some positions. {image}
I am very sure you would..now we have 5mins power type 1 candle for long..you should put your stop loss 1:1..
  • #10,137
  • Jul 8, 2015 5:41am Jul 8, 2015 5:41am
it's been a while since Dax has been in stand-by like this:
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  • #10,138
  • Jul 8, 2015 5:55am Jul 8, 2015 5:55am
Quoting littspaniard
reenter longs {image}


closed two, +73 (+30+43)
The only constant is change
  • #10,139
  • Jul 8, 2015 6:01am Jul 8, 2015 6:01am
Quoting littspaniard
{quote} closed two, +73 (+30+43)
nice man, now price reach resistance..i see 2 shorts ab=cd..

maybe we can short once price hits blue sma or 161.8% fib..

*we can wait for power candle to enter short..

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  • #10,140
  • Jul 8, 2015 6:08am Jul 8, 2015 6:08am
Dax 5min chart

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