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Carpe diem: Intraday tactics for Dax and Dow

  • #10,461
  • Jul 23, 2015 3:56am Jul 23, 2015 3:56am
Quoting bulltrader13
Think I'll stay out till US open... What your plans Cat? Yesterday's low looking like good place to look for possible trades
Not sure. I'm off out for the day in an hour so will miss the day's fun unless I get a long opportunity before then. It was a sudden turnaround today and a bit mystifying, but the H4 eu chart was and is looking pretty bullish so the rise in the euro probably turned the Dax south. We can go lower now, but technically we are at a pretty strong looking support area now around the 500 mark, so I think if I were here today I'd be just taking trades off of the smaller time frames as I always do but making sure I move my SL up to BE pretty quickly. The Dow is looking like it could fall some more today, down to perhaps the 830 level, but then don't count out a strong US session for both Dow and Dax. EU is currently held at the H4 100sma, and this is a nice round number ( 1,100) so could stop there or could continue higher which technically is very much possible. May just be a range day now though, so best be prepared to put overall directional bias to one side and bag trades as they line up on the 10sec, 1m, 5m TFs.

Have a good one.
  • #10,462
  • Jul 23, 2015 4:02am Jul 23, 2015 4:02am
Placed a small long order above the 11540 level incase this one decides to come up a bit and break the 5min 20 sma and 1 min 100 sma
  • #10,463
  • Jul 23, 2015 4:19am Jul 23, 2015 4:19am
long triggered - tight SL will take priofit at 11560
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  • #10,464
  • Jul 23, 2015 4:23am Jul 23, 2015 4:23am
Quoting bulltrader13
long triggered - tight SL will take priofit at 11560 {image}
Stopped out for small loss - should of listen to myself and waited for US open.
  • #10,465
  • Jul 23, 2015 4:33am Jul 23, 2015 4:33am
Typical hits my stoploss then goes in the right direction. Should of kept my SL at the previous low
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  • #10,466
  • Jul 23, 2015 6:01am Jul 23, 2015 6:01am
Went long at 11513.5 - SL already at BE
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  • #10,467
  • Jul 23, 2015 6:09am Jul 23, 2015 6:09am
Quoting bulltrader13
Went long at 11513.5 - SL already at BE {image}
Quickly stopped out for +1
  • #10,468
  • Jul 23, 2015 6:43am Jul 23, 2015 6:43am
Got a long order at 11512.2
  • #10,469
  • Jul 23, 2015 6:51am Jul 23, 2015 6:51am
it's so hard to judge the floor of this move down
  • #10,470
  • Jul 23, 2015 6:52am Jul 23, 2015 6:52am
Quoting bulltrader13
Got a long order at 11512.2
based on what? if you're willing to share
  • #10,471
  • Jul 23, 2015 6:55am Jul 23, 2015 6:55am
Seems to be all about the Euro Today again - waiting for the US numbers and lets see wether there is an interim floor in what looks to be a sideways market into late August.
  • #10,472
  • Jul 23, 2015 7:04am Jul 23, 2015 7:04am
Quoting Decu33
{quote} based on what? if you're willing to share
Actually quite a piss poor timing for the order - normally only trade during opening hours of regions but we got rejection of the daily low (so far) pin bar on hourly and it would of been an hourly win for the bulls if it closed higher than it opened (hourly candle). but as i write this watching the price edge closer to my SL
  • #10,473
  • Jul 23, 2015 7:07am Jul 23, 2015 7:07am
Quoting bulltrader13
{quote} Actually quite a piss poor timing for the order - normally only trade during opening hours of regions but we got rejection of the daily low (so far) pin bar on hourly and it would of been an hourly win for the bulls if it closed higher than it opened (hourly candle). but as i write this watching the price edge closer to my SL
At least we got a cup and handle pattern on the 1 min chart
  • #10,474
  • Jul 23, 2015 7:11am Jul 23, 2015 7:11am
Thanks god I manually closed with 1 pip profit... lesson learnt - now watch it fly up to spite me
  • #10,475
  • Jul 23, 2015 7:19am Jul 23, 2015 7:19am
Quoting bulltrader13
{quote} Actually quite a piss poor timing for the order - normally only trade during opening hours of regions but we got rejection of the daily low (so far) pin bar on hourly and it would of been an hourly win for the bulls if it closed higher than it opened (hourly candle). but as i write this watching the price edge closer to my SL
thx
  • #10,476
  • Jul 23, 2015 7:30am Jul 23, 2015 7:30am
Thinking there might be a buying opp for US open. Cat you around?
  • #10,477
  • Jul 23, 2015 7:34am Jul 23, 2015 7:34am
Quoting Decu33
{quote} thx
@ Decu33 see current 1 hr candle is nice example of price going down and then breaking the up past the hourly open
  • #10,478
  • Jul 23, 2015 7:53am Jul 23, 2015 7:53am
Quoting bulltrader13
Thinking there might be a buying opp for US open. Cat you around?
Always prefer a reversal on the hourly US open candle, so hopefully the price moves up closer to the 1hr 20 sma
  • #10,479
  • Jul 23, 2015 8:00am Jul 23, 2015 8:00am
Quoting bulltrader13
{quote} @ Decu33 see current 1 hr candle is nice example of price going down and then breaking the up past the hourly open
i see
  • #10,480
  • Jul 23, 2015 8:16am Jul 23, 2015 8:16am
Quoting bulltrader13
{quote} Always prefer a reversal on the hourly US open candle, so hopefully the price moves up closer to the 1hr 20 sma
Well candle is bearish at the moment so will look to put pending buy at candle open nearer the US open - and vise versa if it goes green before open (looking to close to open at the moment to do this but still got 10 min)
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