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Carpe diem: Intraday tactics for Dax and Dow

  • #11,281
  • Aug 24, 2015 1:35am Aug 24, 2015 1:35am
If we see a pop to close the gap it would open another short entry opportunity today. This week looks like last week with shoring the pops as an opportunity. My guess is 3% minimum losses on the index today.
  • #11,282
  • Aug 24, 2015 1:41am Aug 24, 2015 1:41am
Quoting stylinex
If we see a pop to close the gap it would open another short entry opportunity today. This week looks like last week with shoring the pops as an opportunity. My guess is 3% minimum losses on the index today.
Don't look too far out, I've already had a short entry opp worth 90 pips which lasted 5 mins - when the range is this big, go for everything!
  • #11,283
  • Aug 24, 2015 1:51am Aug 24, 2015 1:51am
Quoting cat
{quote} Don't look too far out, I've already had a short entry opp worth 90 pips which lasted 5 mins - when the range is this big, go for everything!
You should see a couple of those today. Maybe by opening bell they may try to close gap and then climb a bit followed by a fall after. New York should be ugly today and DAX will follow.
  • #11,284
  • Aug 24, 2015 1:57am Aug 24, 2015 1:57am
Quoting stylinex
{quote} You should see a couple of those today. Maybe by opening bell they may try to close gap and then climb a bit followed by a fall after. New York should be ugly today and DAX will follow.
It should, but I'm not ruling out a strong rally, so if I get buy signals I'll take them, same visa versa.
  • #11,285
  • Aug 24, 2015 2:02am Aug 24, 2015 2:02am
Quoting cat
{quote} It should, but I'm not ruling out a strong rally, so if I get buy signals I'll take them, same visa versa.
Oil broke $40, middle eastern countries are down about 10-11% between yesterday and today. Asian Indexes tanked and were unable to rally before closing. Still 1 hour left though so we will see. I still think 3% minimum today even up to 6%
http://www.dfm.ae/Option3/default.aspx
  • #11,286
  • Aug 24, 2015 2:03am Aug 24, 2015 2:03am
The pre-market swings of the DAX are quit unusual, going from 9750 to 9900 and then back down to 9750. I reckon it will be quite a volatile day.

I think the Chinese government wanted to avoid the RRR cut that didn't help last time, but the markets are clearly disappointed that they got it wrong. The PBoC can't do anything right atm, I wonder how they're going to fix the situation. The drops are so severe they have to step in to avoid social unrest but these are murky waters.

The general trend will be downwards but I would not be surprised to see spikes due to low volumes.
  • #11,287
  • Aug 24, 2015 2:15am Aug 24, 2015 2:15am
Quoting squallpips
The pre-market swings of the DAX are quit unusual, going from 9750 to 9900 and then back down to 9750. I reckon it will be quite a volatile day. I think the Chinese government wanted to avoid the RRR cut that didn't help last time, but the markets are clearly disappointed that they got it wrong. The PBoC can't do anything right atm, I wonder how they're going to fix the situation. The drops are so severe they have to step in to avoid social unrest but these are murky waters. The general trend will be downwards but I would not be surprised...
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  • #11,288
  • Aug 24, 2015 2:16am Aug 24, 2015 2:16am
Quoting stylinex
{quote} Oil broke $40, middle eastern countries are down about 10-11% between yesterday and today. Asian Indexes tanked and were unable to rally before closing. Still 1 hour left though so we will see. I still think 3% minimum today even up to 6% http://www.dfm.ae/Option3/default.aspx
For me it's 50/50 today- just as likely to fall as to rise - my monthly chart has the price sitting on a strong supporting MA which turned the market in Oct 2014 - I guess we'll know soon enough
  • #11,289
  • Aug 24, 2015 2:22am Aug 24, 2015 2:22am
Quoting cat
{quote} For me it's 50/50 today- just as likely to fall as to rise - my monthly chart has the price sitting on a strong supporting MA which turned the market in Oct 2014 - I guess we'll know soon enough
If I see a pop I am shorting. Hong Kong Index is down over 1000 points now. Selling pressure went up into closing now in Asia.
  • #11,290
  • Aug 24, 2015 2:23am Aug 24, 2015 2:23am
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  • #11,291
  • Aug 24, 2015 3:15am Aug 24, 2015 3:15am
I think once we see China50 down to 7000-7500 level (longer term level pre 2015 boom - and with more realistic PE ratios), then the Equities selling will slow and possibly stop... That's when I see Global Indices starting to climb again. Could be days or weeks away, not sure yet.
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  • #11,292
  • Aug 24, 2015 4:17am Aug 24, 2015 4:17am
DAX EUR - EBC QE
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  • #11,293
  • Aug 24, 2015 4:17am Aug 24, 2015 4:17am
Short 9881 tight SL TP not set yet

Aiming for something like 9500 w/ NY power but propably close earlier

edit: out BE
  • #11,294
  • Aug 24, 2015 4:46am Aug 24, 2015 4:46am
new try short 9904
  • #11,295
  • Aug 24, 2015 5:42am Aug 24, 2015 5:42am
Quoting PariCovek
I think once we see China50 down to 7000-7500 level (longer term level pre 2015 boom - and with more realistic PE ratios), then the Equities selling will slow and possibly stop... That's when I see Global Indices starting to climb again. Could be days or weeks away, not sure yet. {image}
FYI - Chinese Super Funds are now allowed to invest 30% of their net assets in the stock market... this approval over the weekend still didnt stop the 10% drop on China50 today.

https://www.guerillastocktrading.com...j8I5aKNLjgtQBD
  • #11,296
  • Aug 24, 2015 5:42am Aug 24, 2015 5:42am
https://www.youtube.com/user/futuresanalysts
  • #11,297
  • Aug 24, 2015 5:48am Aug 24, 2015 5:48am
On Thursday in the US Jackson Hole symposium begins with the annual central bankers from around the world. This time the bankers will wonder over whether used in many countries monetary policy easing strategy is sufficient to stimulate fast growth of the world economy. A better recipe for growth may be improving employees' salaries.
  • #11,298
  • Aug 24, 2015 6:17am Aug 24, 2015 6:17am
Quoting PariCovek
{quote} FYI - Chinese Super Funds are now allowed to invest 30% of their net assets in the stock market... this approval over the weekend still didnt stop the 10% drop on China50 today. https://www.guerillastocktrading.com...j8I5aKNLjgtQBD
Doesn't look like enough I am afraid, rate cut by end of the week I expect as the market still struggle to find a floor - I will try a trade off the overnight low of 9614 when the US market opens and slaps this market back down again. however I just feel as if there is a lower low this week - could be wrong - low may be in as of today... if not, then 9500 - 9614 range, and a break of this range would probably mean low 9000 - this week and fingers crossed a bottom for now... bounce back to 10000 + over September and then more down into end of year... if 8920 - 9000 does not hold - then I have no clue and it is grim indeed.
  • #11,299
  • Aug 24, 2015 6:24am Aug 24, 2015 6:24am
intraday trade long 9770 - flat stop
  • #11,300
  • Aug 24, 2015 6:26am Aug 24, 2015 6:26am
I think Germany is holding out on losses to see what happens when US markets open up. Hoping that they reverse so the DAX can climb. I do not see US Indexes reversing or climbing today though. Probably shed a good 4-5% if not 5-6% during some part of trading hours today after market opens.
I still reckon that the Nikkei has the most to give up still. We now have seen the DOW and DAX along with the S&P 500 pretty much gave up all their yearly gains while the Nikkei is still sky high (great for shorting).
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