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Carpe diem: Intraday tactics for Dax and Dow

  • #10,161
  • Jul 8, 2015 6:59pm Jul 8, 2015 6:59pm
Quoting atraderfx
Thxs - added Long again at 10710 for average 10730 - I just realised it is FOMC mins today, hence seems to be holding US from any upside push - lets see we can hit 10800 again and break - may have to wait until after FOMC minutes.
Not sure how or when you expect DAX to hit 10800, for now it is only headed south.
  • #10,162
  • Jul 9, 2015 1:30am Jul 9, 2015 1:30am
Quoting atraderfx
Thxs - added Long again at 10710 for average 10730 - I just realised it is FOMC mins today, hence seems to be holding US from any upside push - lets see we can hit 10800 again and break - may have to wait until after FOMC minutes.
Good call, 10,811 premarket
  • #10,163
  • Jul 9, 2015 2:20am Jul 9, 2015 2:20am
Quoting Forexcube
DAX, Long @ 10'800
#10'083

Exit @ 10'817, +17
  • #10,164
  • Jul 9, 2015 2:20am Jul 9, 2015 2:20am
Quoting Forexcube
Scalping Trade DAX, Long @ 10'808
#10'802

Exit @ 10'082, +20
  • #10,165
  • Jul 9, 2015 2:26am Jul 9, 2015 2:26am
Quoting atraderfx
Thxs - added Long again at 10710 for average 10730 - I just realised it is FOMC mins today, hence seems to be holding US from any upside push - lets see we can hit 10800 again and break - may have to wait until after FOMC minutes.
Congrats mate!! As mentioned with the help of power candle tools and other chart patterns, 99% of the time DAX obey those pattern..
  • #10,166
  • Jul 9, 2015 3:00am Jul 9, 2015 3:00am
Quoting Forexcube
{quote} #10'802 Exit @ 10'082, +20
Scalping trade?
43 hours, 160 point draw down for 20 point profit. Not the kind of scalp I'm familiar with

Good luck to you though.
  • #10,167
  • Jul 9, 2015 3:11am Jul 9, 2015 3:11am
Preparing to short scalp 1min chart..

entry white hor line, tp blue hor line:

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 23 KB
  • #10,168
  • Jul 9, 2015 3:19am Jul 9, 2015 3:19am
Quoting stylinex
{quote} Not sure how or when you expect DAX to hit 10800, for now it is only headed south.
Because I expected China to be saved over night - besides all the noise yesterday about Greece and NYSE hacking - blah blah... anyhow - I can help feeling smug this morning hold long through all the white noise
  • #10,169
  • Jul 9, 2015 3:33am Jul 9, 2015 3:33am
Quoting atraderfx
{quote} Because I expected China to be saved over night - besides all the noise yesterday about Greece and NYSE hacking - blah blah... anyhow - I can help feeling smug this morning hold long through all the white noise
I should have been more informative yesterday - China dump +6% again yesterday - Index down 2000 points from high - 3400 range was place for bounce... bought some yesterday morning - actually bought anything asia I could still buy - that was open.

ChnComp - shanghai index +289 + 206 + 121 + 10
Hangseng +1305 +818 +604
ASX +46 + 42 +18 -12
Nikkiei - +236 + 204 - Thanks BOJ for the Flash Crash last night at the open - 191xx - I bought that within 20-40 point of the low...

+ a few trades on these indexes still running from the low last night!.... China does not fall from 5400 - 3400 without some sort of nice bounce... a $3Trillion headline will normally do it!... the sky is falling blah blah blah... makes Greece €100billion look like a lot of noise!
  • #10,170
  • Jul 9, 2015 3:55am Jul 9, 2015 3:55am
Holding Long DAX from 10730 - Flat stop - also holding Long FTSE UK100 from 6430. US2000 from 1229, US30 from 17520 ( I expect to be stopped out on US30 unless we get another bounce into the US open)
  • #10,171
  • Jul 9, 2015 4:28am Jul 9, 2015 4:28am
Quoting acit
Preparing to short scalp 1min chart.. entry white hor line, tp blue hor line: {image}
This one out in stop loss -$50..

I reenter short again..

Gartley pattern 30mins chart + fibo 161.8...sl:tp=1:1

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 47 KB
  • #10,172
  • Jul 9, 2015 4:48am Jul 9, 2015 4:48am
A lot of traders are going to be exiting longs at S2, with H1 200ema/sma just above, and the Daily 200ema lying directly on 11,000, so we might be aiming for that, but now, with this Daily 200ema above the price, we could fall again pretty smartly from this level.
  • #10,173
  • Jul 9, 2015 4:56am Jul 9, 2015 4:56am
Quoting acit
{quote} This one out in stop loss -$50.. I reenter short again.. Gartley pattern 30mins chart + fibo 161.8...sl:tp=1:1 {image}
point D in the formation surpassed both 127% and 161.8%...just be carefull
  • #10,174
  • Jul 9, 2015 5:07am Jul 9, 2015 5:07am
Steady buying for most of the day suggests the Funds are buying, its been over the 20sma on the 1min chart for most of the day until now, so it may break down slightly here or flat-line.

However, saying that, it has been above the 200sma most of the day on the 1min, signalling a position of strength again. I see resistance at 11,000; and if it breaks that, then its clear sailing to 11,200. It may take friday to get there, as its magically done its standard +150pts for today, which is usually a good day on the Dax.
  • #10,175
  • Jul 9, 2015 5:12am Jul 9, 2015 5:12am
Quoting atraderfx
{quote} I should have been more informative yesterday - China dump +6% again yesterday - Index down 2000 points from high - 3400 range was place for bounce... bought some yesterday morning - actually bought anything asia I could still buy - that was open. ChnComp - shanghai index +289 + 206 + 121 + 10 Hangseng +1305 +818 +604 ASX +46 + 42 +18 -12 Nikkiei - +236 + 204 - Thanks BOJ for the Flash Crash last night at the open - 191xx - I bought that within 20-40 point of the low... + a few trades on these indexes still running from the low last night!.......
Fantastic trading well done.
  • #10,176
  • Jul 9, 2015 6:23am Jul 9, 2015 6:23am
Quoting cat
A lot of traders are going to be exiting longs at S2, with H1 200ema/sma just above, and the Daily 200ema lying directly on 11,000, so we might be aiming for that, but now, with this Daily 200ema above the price, we could fall again pretty smartly from this level.
I meant R2 obviously, but that's it for me, it can go higher, but going on the law of probabilities, it'll do so without me. No short set up yet, so good time for lunch.
  • #10,177
  • Jul 9, 2015 6:30am Jul 9, 2015 6:30am
Quoting cat
{quote} I meant R2 obviously, but that's it for me, it can go higher, but going on the law of probabilities, it'll do so without me. No short set up yet, so good time for lunch.
Good comments - so I have taken a scale out at 10955 - let the rest ride - look for pull back / retrace for adding again
  • #10,178
  • Jul 9, 2015 6:36am Jul 9, 2015 6:36am
Quoting cat
{quote} I meant R2 obviously, but that's it for me, it can go higher, but going on the law of probabilities, it'll do so without me. No short set up yet, so good time for lunch.
I am expecting a lot of upset US traders - with the whole NYSE crap shoot yesterday - wanting to get back in long if they think the summer low is now in - at least until OPEX anyways where we could see another pull back - so I would be nimble for any sudden 10-15 Point US500 pull back and Bounce - 10877 could be a reasonable DAX long again
  • #10,179
  • Jul 9, 2015 6:42am Jul 9, 2015 6:42am
Quoting PariCovek
{quote} Fantastic trading well done.
Thanks - it is hard on the psychology to get all long when it is very dark out there. I am working on that to become a better trader... the Whole China thing was very oversold and reached a fantastic target level for a bounce into end- Aug-15 when the next down phase should start. openning up a much better opportunity into 2016.
  • #10,180
  • Jul 9, 2015 6:44am Jul 9, 2015 6:44am
Quoting atraderfx
{quote} I am expecting a lot of upset US traders - with the whole NYSE crap shoot yesterday - wanting to get back in long if they think the summer low is now in - at least until OPEX anyways where we could see another pull back - so I would be nimble for any sudden 10-15 Point US500 pull back and Bounce - 10877 could be a reasonable DAX long again
Yes we'll see. I haven't ruled out the Dax blasting through the roof today. R2/H1 200ema/sma was a big possible resistance level for me which is why I kept to my plan. Now we are just about to hit the Daily 200ema, which is right on top of 11,000 so it'll be interesting to see what the reaction is.
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