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Carpe diem: Intraday tactics for Dax and Dow

  • #10,981
  • Aug 6, 2015 3:07am Aug 6, 2015 3:07am
Got my long SL at BE
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  • #10,982
  • Aug 6, 2015 3:08am Aug 6, 2015 3:08am
Quoting bulltrader13
Got my long SL at BE {image}
Not moving as fast as I would like
  • #10,983
  • Aug 6, 2015 3:10am Aug 6, 2015 3:10am
Quoting bulltrader13
{quote} Not moving as fast as I would like
Come on need to break 660 - moving SL to BE + 5
  • #10,984
  • Aug 6, 2015 3:13am Aug 6, 2015 3:13am
Quoting bulltrader13
{quote} Come on need to break 660 - moving SL to BE + 5
Out for + 5
  • #10,985
  • Aug 6, 2015 3:18am Aug 6, 2015 3:18am
looks like its going to test 660 again
  • #10,986
  • Aug 6, 2015 3:18am Aug 6, 2015 3:18am
Quoting bulltrader13
looks like its going to test 660 again
and there it goes - typical market f..king with me
Should of leaft my SL at BE would of still been in this - lesson leanrnt
  • #10,987
  • Aug 6, 2015 3:46am Aug 6, 2015 3:46am
Quoting bulltrader13
{quote} and there it goes - typical market f..king with me Should of leaft my SL at BE would of still been in this - lesson leanrnt
judging by the amount of trades you take during a day and the fact that you're trading off the 1 hr chart, you're not a scalper; yet you manage your SL like one. if you don't like taking on too much risk (a SL value should not represent more than 2-3 % of your capital anyway...) i would suggest applying your strategy to lower TF see how that works for you.
i hope it helps....
  • #10,988
  • Aug 6, 2015 4:40am Aug 6, 2015 4:40am
Quoting Decu33
{quote} judging by the amount of trades you take during a day and the fact that you're trading off the 1 hr chart, you're not a scalper; yet you manage your SL like one. if you don't like taking on too much risk (a SL value should not represent more than 2-3 % of your capital anyway...) i would suggest applying your strategy to lower TF see how that works for you. i hope it helps....
I trade off small time frames so I'll throw in my 2 cents here. Off of a 10 second chart, I'll use a minimum 10 pip SL. If I were trading off of a 1 min chart it would be a 20 pip SL. H1, well, I guess no less than 60. In my opinion, because of the volatility of the Dax, many of the moves cannot be captured with much accuracy on anything higher than a 1m chart unless you are using a SL of 20 or more, and because of the number of pips that can be gained from just a small number of trades, it is not a market that is necessarily suited to the big move trader. The in and out trader, never holding too long, is perfectly suited to the Dax.
  • #10,989
  • Aug 6, 2015 4:47am Aug 6, 2015 4:47am
Quoting cat
{quote} I trade off small time frames so I'll throw in my 2 cents here. Off of a 10 second chart, I'll use a minimum 10 pip SL. If I were trading off of a 1 min chart it would be a 20 pip SL. H1, well, I guess no less than 60. In my opinion, because of the volatility of the Dax, many of the moves cannot be captured with much accuracy on anything higher than a 1m chart unless you are using a SL of 20 or more, and because of the number of pips that can be gained from just a small number of trades, it is not a market that is necessarily suited to the...
heeeeeeeeeeeeeeyyyy cat is back on vacation? or just taking a break? anyways, nice to have u back
best of luck,
  • #10,990
  • Aug 6, 2015 4:56am Aug 6, 2015 4:56am
Quoting Decu33
{quote} heeeeeeeeeeeeeeyyyy cat is back on vacation? or just taking a break? anyways, nice to have u back best of luck,
Just taking it easy in August - wife's got a shoulder operation in a couple of weeks so no holiday as such, just lots of time doing stuff with my little lad and keeping half an eye on the markets
  • #10,991
  • Aug 6, 2015 4:58am Aug 6, 2015 4:58am
Thanks for all the advice all. Yeah I like to keep my SL tight working so far - just should not have moved it in the last trade (went against my norm). All the best with your wifes op Cat.
  • #10,992
  • Aug 6, 2015 5:03am Aug 6, 2015 5:03am
Anyone got any ideas on the short term outlook for the Dax in next week or so? Seems to be taking a breather. Earnings has been good from what I've seen, typically with increased company revenues due to cheaper EUR.
  • #10,993
  • Aug 6, 2015 5:05am Aug 6, 2015 5:05am
Quoting bulltrader13
Thanks for all the advice all. Yeah I like to keep my SL tight working so far - just should not have moved it in the last trade (went against my norm). All the best with your wifes op Cat.
Thanks bull
  • #10,994
  • Aug 6, 2015 5:05am Aug 6, 2015 5:05am
Quoting PariCovek
Anyone got any ideas on the short term outlook for the Dax in next week or so? Seems to be taking a breather. Earnings has been good from what I've seen, typically with increased company revenues due to cheaper EUR.
Believe people are targeting 11800, so short to medium is bull bia.s EDIT - daily closes above 11620 (11622+- 76.4% fib) then we would be over any fib retracement levels from the last drop which would confirm this
  • #10,995
  • Aug 6, 2015 5:07am Aug 6, 2015 5:07am
Quoting bulltrader13
{quote} Believe people are targeting 11800, so short to medium is bull bias
I think I'm on the same page... cheers!
  • #10,996
  • Aug 6, 2015 5:13am Aug 6, 2015 5:13am
Quoting PariCovek
Anyone got any ideas on the short term outlook for the Dax in next week or so? Seems to be taking a breather. Earnings has been good from what I've seen, typically with increased company revenues due to cheaper EUR.
I plotted my fibs at the end of last week from the high on the 20th July, and we've reached the 76.4%, which is the highest I use, and it seems to have stalled around this level, but it can go higher towards 12,000 for sure as all lower TFs are still pretty bullish. However, H1 is showing signs of diversion with MACD, and although this is not confirmed yet, this is worth keeping an eye on. For the 10 TF, and for today's trading, I've got it as high as it's going to go today, though I don't see any significant down move, more likely to slosh about, so small TF's the order of the day for today I think.
  • #10,997
  • Aug 6, 2015 5:13am Aug 6, 2015 5:13am
Got myself a long position now hoping to crack the f ing 660 for good
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  • #10,998
  • Aug 6, 2015 5:17am Aug 6, 2015 5:17am
Quoting bulltrader13
Got myself a long position now hoping to crack the f ing 660 for good {image}
aaaannndd out for -1.. Catch you guys at 14:30 GMT
  • #10,999
  • Aug 6, 2015 5:23am Aug 6, 2015 5:23am
Quoting cat
{quote} I plotted my fibs at the end of last week from the high on the 20th July, and we've reached the 76.4%, which is the highest I use, and it seems to have stalled around this level, but it can go higher towards 12,000 for sure as all lower TFs are still pretty bullish. However, H1 is showing signs of diversion with MACD, and although this is not confirmed yet, this is worth keeping an eye on. For the 10 TF, and for today's trading, I've got it as high as it's going to go today, though I don't see any significant down move, more likely to slosh...
Thanks Cat!
  • #11,000
  • Aug 6, 2015 5:25am Aug 6, 2015 5:25am
Quoting PariCovek
{quote} Thanks Cat!
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