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Carpe diem: Intraday tactics for Dax and Dow

  • #10,941
  • Aug 4, 2015 10:04am Aug 4, 2015 10:04am
Quoting bulltrader13
Long off the 1 min 200 sma - SL sitting now at 440 {image}
Closed 80% let rest do its thing
  • #10,942
  • Aug 4, 2015 10:14am Aug 4, 2015 10:14am
Quoting bulltrader13
{quote} Closed 80% let rest do its thing
Closed rest - ended up being not such a boring day
  • #10,943
  • Aug 4, 2015 10:14am Aug 4, 2015 10:14am
Quoting bulltrader13
{quote} Closed rest - ended up being not such a boring day
  • #10,944
  • Aug 4, 2015 10:27am Aug 4, 2015 10:27am
Quoting Pokrajac
{quote} Znam da nema,ali uvijek je lijepo vidjeti kada pokupi order taman prije većeg skoka... Koliko dugo i na kojoj platformi radite?
Ma ne trebas mi govoriti sa 'vi', jos sam mlad... ili se bar tako osjecam?​ Vec sedam, osam godina radim, a koristim NinjaTrader. Sve su platforme iste, manje ili vise. Promijenio sam ih dosta, od TradeStation-a, TOS, naravno i na samim pocecima MT4, ali sve je to glupost. Najradije cak pogledam u novinama jer su karte tamo najjednostavnije jedino sto nemaju dovoljno date. Stvar je u metodi. Ovdje dodjem s vremena na vrijeme kad ne slikam ili igram sah dok trgujem, preferiram swing trgovanje... trazim vise vremena za ljepse stvari osim buljenja u ekran
"A handful of patience is worth more than a bushel of brains"
  • #10,945
  • Aug 4, 2015 10:28am Aug 4, 2015 10:28am
Couple of ticks on a reverse. Have a good one everyone!​
Attached Images
"A handful of patience is worth more than a bushel of brains"
  • #10,946
  • Aug 4, 2015 11:11am Aug 4, 2015 11:11am
Quoting Blanco257
{quote} Thanks for the info. I use 20 pips stoploss which is too tight. Therefore, i was curious.
I also used to use 20point stop loss - however I found I could not manage to stay in trades and because having such a small stop loss was moving trades to breakeven too fast and getting stopped out for zero a lot and then missing beautiful rips in the direction I wanted. I found I am more profitable with holding a view of direction / target and wider stop - small positions - Good Entry - looking for levels (hence this morning I was annoyed as I was not patient enough to wait for my 11370-80 range... I had a view that it would re-test 11450 - 60 take out shorts, so stuck with it.

Anyway if goes the direction I want, then add more. and sometimes the additional positions can be close together if I see momentum in the direction - so if I am 20 pips up - add another position and I am seeing strength - add more. etc. moving stops to zero as the move up and on a trend day up / down day this can be very profitable... / also frustrating if re-trace takes out your stops / for no gain / although less risk.

I do not get stopped for 80pips very often as I am trying to buy levels / sell resistance (although I am more of a patient buyer than a seller).. I have to admit that I used to average out of a bad position -60 / -70 and would have been better taking the loss. normally I would have only do this if it is in very close range of the next support level / resistance level. but as we all know on the DAX it can break 3 levels in 1 day - ouch if you averaging on that!. and if it still goes South for next few days, Stress!.. I prefer to sleep!.
  • #10,947
  • Aug 4, 2015 11:25am Aug 4, 2015 11:25am
Quoting Iron Pawn
{quote} Ma ne trebas mi govoriti sa 'vi', jos sam mlad... ili se bar tako osjecam?​ Vec sedam, osam godina radim, a koristim NinjaTrader. Sve su platforme iste, manje ili vise. Promijenio sam ih dosta, od TradeStation-a, TOS, naravno i na samim pocecima MT4, ali sve je to glupost. Najradije cak pogledam u novinama jer su karte tamo najjednostavnije jedino sto nemaju dovoljno date. Stvar je u metodi. Ovdje dodjem s vremena na vrijeme kad ne slikam ili igram sah dok trgujem, preferiram swing trgovanje... trazim vise vremena za ljepse stvari...
Odlično!I ja sam tu negdje oko 7-8 godina...počeo sam sa FX-om,ali mi nekako futures-i,puno više odgovaraju...imam kvalitetnije informacije o njima i dosta više uspjeha za sada,nego sa FX-om...koristim IG Proreal i oduševljen sam sa njime...jedino mi nedostaju Volume indikatori,pa kao supstitut koristim Oandin fxTrade,ali već neko vrijeme razmišljam da i ja pređem na NinjaTrader...možeš li mi samo ukratko reći kakva su tvoja iskustva sa njima i koristiš li njihove Volume indikatore (prvenstveno na DAX-u i Dow Jones-u)?
Hvala puno na odgovoru i ispričavam se ako gnjavim previše...
  • #10,948
  • Aug 4, 2015 11:25am Aug 4, 2015 11:25am
Quoting atraderfx
{quote} I also used to use 20point stop loss - however I found I could not manage to stay in trades and because having such a small stop loss was moving trades to breakeven too fast and getting stopped out for zero a lot and then missing beautiful rips in the direction I wanted. I found I am more profitable with holding a view of direction / target and wider stop - small positions - Good Entry - looking for levels (hence this morning I was annoyed as I was not patient enough to wait for my 11370-80 range... I had a view that it would re-te
Suppose each to there own. I try find high volatility points and use SL sometimes less than 10 and move SL to BE + 1 once 10 pips made. If it comes back and hits my SL then usually (being operative word) not going to go in my direction at that time... but if it does it normally moves fast and far
  • #10,949
  • Aug 4, 2015 11:50am Aug 4, 2015 11:50am
Quoting bulltrader13
{quote} Suppose each to there own. I try find high volatility points and use SL sometimes less than 10 and move SL to BE + 1 once 10 pips made. If it comes back and hits my SL then usually (being operative word) not going to go in my direction at that time... but if it does it normally moves fast and far
like this style as well, although, I am not able to sit in front of screen for very long, so I need to look / plan my entries, and often I will place trigger orders - waiting for level to be hit. then check oh I am up xx picks... that can often be on the train - trigger order put in the morning - and on way into London, check and move stop to Zero.... add some more if I see strength. if by Chance I am home and zippo to do! some nice Volatility / Announcement - PMI / Draghi whatever then I employ your exact same strategy, but then I go in Full Lots and agree can be nice pips on the move (fast and far).... by far my most money is on the lots small orders and rips / particularly if I hit some bottoming levels and we seems some nice up... that is where that 80point stop has kept me in some bottoming trades...

I like going after longs from xxx05, xxx40, xxx60 and the xxx40 is probably my best bottoming level on DAX - if it hits that bounce back around, retest x40 a couple of times and then off!... even if it then breaks that and hits 005 - I still have stop loss to the next x60 from x40 level above and can violently bounce off x80 back in the right direction.

Enough from me today!, hope you all make good profits on DAX and I find this forum very valuable!.
  • #10,950
  • Aug 4, 2015 12:31pm Aug 4, 2015 12:31pm
Quoting Pokrajac
{quote} Odlično!I ja sam tu negdje oko 7-8 godina...počeo sam sa FX-om,ali mi nekako futures-i,puno vie odgovaraju...imam kvalitetnije informacije o njima i dosta vie uspjeha za sada,nego sa FX-om...koristim IG Proreal i oduevljen sam sa njime...jedino mi nedostaju Volume indikatori,pa kao supstitut koristim Oandin fxTrade,ali već neko vrijeme razmiljam da i ja pređem na NinjaTrader...moe li mi samo ukratko reći kakva su tvoja iskustva sa njima i koristi li njihove Volume indikatore (prvenstveno na DAX-u i Dow Jones-u)?...
Nema gnjavaze Cekao sam malo utakmicu i za divno cudo Dinamo je dao 3 gola u 25 minuta.... mora se priznati da je to rijetkost sto se te ekipe tice... Sto se NT tice, zadovoljan sam s njima iako su mi brokeri billi iz Chicaga pa su ih ovi otkupili. Kao sto sam vec napomenuo, nije mi toliko bitno vec vise dodje kao navika. Futures je isto sa svima. Sto se indikatora tice, nemam pojma jer ih ne koristim vec sigurno pet godina , samo prazne karte. Cujemo se, a ja idem pogledati utakmicu do kraja, imam nekakav osjecaj da ce nesto zaprskati po cemu smo mi s Balkana poznati ha ha​
"A handful of patience is worth more than a bushel of brains"
  • #10,951
  • Aug 5, 2015 2:27am Aug 5, 2015 2:27am
Is it possible to create a custom chart on MT4 that doesn't show data from when DAX is closed?
  • #10,952
  • Aug 5, 2015 2:30am Aug 5, 2015 2:30am
resistance
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  • #10,953
  • Aug 5, 2015 2:48am Aug 5, 2015 2:48am
Grrr, missed the leg up on my live account. 11396 got triggered on demo. Ah well, I'll just look at the virtual profit for now, until it retraces...
  • #10,954
  • Aug 5, 2015 2:52am Aug 5, 2015 2:52am
Quoting eborn
Grrr, missed the leg up on my live account. 11396 got triggered on demo. Ah well, I'll just look at the virtual profit for now, until it retraces...
ME tooo - was on the f..cking train at Clapham junction (London) were I can't get signal
  • #10,955
  • Aug 5, 2015 2:58am Aug 5, 2015 2:58am
Morning, shorts
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The only constant is change
  • #10,956
  • Aug 5, 2015 3:11am Aug 5, 2015 3:11am
Quoting littspaniard
Morning, shorts {image}
Good luck body,

for me momentum is very strong in UP side even I shroted twice, both not good
  • #10,957
  • Aug 5, 2015 3:15am Aug 5, 2015 3:15am
Quoting littspaniard
Morning, shorts {image}
closed two +30
The only constant is change
  • #10,958
  • Aug 5, 2015 5:09am Aug 5, 2015 5:09am
Quoting littspaniard
{quote} closed two +30
closed -60, (-4-28-28). Total this trade -30

hi Capetown, agree the dax is strong this morning. European markets also moving up. To look for a new oportunity i think better wait for usa news after london lunch time.
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The only constant is change
  • #10,959
  • Edited 5:37am Aug 5, 2015 5:16am | Edited 5:37am
Going for a short from 11595. Strong bovine today.

Edit, add another larger short from 11606
Corripe Cervisiam!
  • #10,960
  • Aug 5, 2015 5:38am Aug 5, 2015 5:38am
next resistance
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