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Carpe diem: Intraday tactics for Dax and Dow

  • #11,581
  • Sep 7, 2015 10:57am Sep 7, 2015 10:57am
Quoting stylinex
{quote} I am in at 9970 and am still holding. Small position not too large. This week we either had back to retest the lows from before around 9400 or head back up from here. Will see how Asian markets do Monday morning.
Good catch, my friend. Today I fished only 20 pips.
Per aspera ad astra
  • #11,582
  • Sep 7, 2015 12:02pm Sep 7, 2015 12:02pm
Quoting Forexcube
DAX, Long @ 10'030 (5x)
#11'569

Exit @ 10'095, +65 (x5 = 325)
  • #11,583
  • Sep 7, 2015 12:03pm Sep 7, 2015 12:03pm
Quoting Forexcube
DAX, Long @ 10'020 (5x)
#11'567

Exit @ 10'092, +72 (x5 = 360)
  • #11,584
  • Sep 7, 2015 3:26pm Sep 7, 2015 3:26pm
am i right or now ???? GER30
the price couldnt break the 50 % Fibonacci chart on friday and today playing around the 61.8% channel and couldnt break it till now..
i think the way is up
Attached Image (click to enlarge)
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  • #11,585
  • Sep 8, 2015 12:43am Sep 8, 2015 12:43am
Quoting zaher1985
am i right or now ???? GER30 the price couldnt break the 50 % Fibonacci chart on friday and today playing around the 61.8% channel and couldnt break it till now.. i think the way is up {image}
hi Zaher,
Fibo retracements are always drawn from left to right, please see image below (also an H4):
Attached Image (click to enlarge)
Click to Enlarge Name: dax9_8.png Size: 28 KB

if you would like to read more on Fibo please refer to "Fibonacci Trading - how to master the time and price advantage" by Carolyn Boroden (i would have gladly attached it, but it exceeds the 10MB maximum - even rared....)

best of luck,
  • #11,586
  • Sep 8, 2015 1:40am Sep 8, 2015 1:40am
Morning all! Pretty strong bullish set up on my charts for today and I'm looking at R2 @ 10,276 as a target as this is also the H2 200sma, but we could push higher to R3 @ 10,368 though perhaps not today. I also think that 600 is easily possible sometime this week, though with this level being the H4 200ema, this should provide stiff resistance if we get there. Currently we are pushing right up against the H1 200ema @ 10,160. so we've got to break that first as it's quite a strong area of resistance, but I think we will, even if we have to drop back a bit first. Support? Well, difficult to say, but I've put the fibs on, and we've got the 50%@ 071; 61.8% @ 044;76.4% @ 010. Good luck
  • #11,587
  • Sep 8, 2015 2:03am Sep 8, 2015 2:03am
Quoting stylinex
Maybe up from here.. I entered a small position
This paid off nicely today
  • #11,588
  • Sep 8, 2015 2:09am Sep 8, 2015 2:09am
My other first few trades for today.
Attached Image (click to enlarge)
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  • #11,589
  • Sep 8, 2015 2:13am Sep 8, 2015 2:13am
Quoting Islander
GM - I bought after the higher low before XO looking for the retrace towards Thursday's high to continue - the 50% is at 10,170 and I have an S&R zone from my 15m chart ~ 10,180 with the .618 at 10,220. I took partials at the 50% and I have my SL at +30 on the remainder. Price is now holding ~today's R 1 at 10,163 so its wait and see what happens next - another push up or will the resistance rea hold? TWT... Edit: remainder closed +30 on stop
GM - I bought when price broke back above the DP at 10,117 and took partials ~ the .618 retrace. Above I have a virgin POC from last Thursday at 10,242 then the .764 retrace at 10,283 with last Thursday's high (= 100%) at 10,384
Trading Levels with WRBs
  • #11,590
  • Sep 8, 2015 2:20am Sep 8, 2015 2:20am
Quoting Islander
{quote} GM - I bought when price broke back above the DP at 10,117 and took partials ~ the .618 retrace. Above I have a virgin POC from last Thursday at 10,242 then the .764 retrace at 10,283 with last Thursday's high (= 100%) at 10,384
So far all looks bullish from 10,000 on up. Unless we get a surprise out of America for rate change or bad news out of China for economic data
  • #11,591
  • Sep 8, 2015 2:33am Sep 8, 2015 2:33am
Quoting stylinex
{quote} So far all looks bullish from 10,000 on up. Unless we get a surprise out of America for rate change or bad news out of China for economic data
Agreed, so far both Dow and Dax are up - 130 ticks from their closes and € got sold from before XO and is off ~50 pips......I'm holding longs from earlier and bought back in the small pull back....
Trading Levels with WRBs
  • #11,592
  • Sep 8, 2015 2:42am Sep 8, 2015 2:42am
Quoting Islander
{quote} Agreed, so far both Dow and Dax are up - 130 ticks from their closes and got sold from before XO and is off ~50 pips......I'm holding longs from earlier and bought back in the small pull back....


Closed all in the spike up to the BRN - the 5 day ADR is 210 and today's range so far is 209, so I'm happy to leave some on the table.....or buy a pull back.....coffee first
Trading Levels with WRBs
  • #11,593
  • Sep 8, 2015 2:42am Sep 8, 2015 2:42am
Out of the market at 300 - that'll do me for today...start work at 7am, knock off at 08.30 - that's what I like. I'll check in tomorrow. Green pips
  • #11,594
  • Sep 8, 2015 3:03am Sep 8, 2015 3:03am
DAX30 TVT20 Long Trade Open/Close:
Decided to trade Dax after a long time, becouse the price was held down, consolidating long in the narrow range. Higher activity below the half level. Entered on the break of important S/R level.
33.3 pips average, 266 pips total gain.
Attached Image (click to enlarge)
Click to Enlarge Name: DAX30M15, TVT20 8.9..png Size: 66 KB
PVSRA
  • #11,595
  • Sep 8, 2015 3:04am Sep 8, 2015 3:04am
Sp500 gap start cash market and pull back so dax
Attached Image (click to enlarge)
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  • #11,596
  • Sep 8, 2015 3:05am Sep 8, 2015 3:05am
Just wanted to post my chart for this morning's long entry as it might give one or two people some useful ideas. This is the 10 sec chart. Higher TF charts were all showing bullish bias, but as so often happens with the Dax, traders either from the Frankfurt or London open or both, take it for a short sharp counter move ( fake ), and this morning's Frankfurt open was a classic example of this. As you can see, I used the big MAs to time my entry. The crossing of the 100sma produced a give away entry signal, the hammer, but there were also multiple candles to enter on once the price got through both the 200ema and 200sma. The thing I like most about the Dax is its decisiveness - once it sets its course, it doesn't normally do anything too unpredictable and the price quickly moves away from you if you are on the right side of the trade.
Attached Image (click to enlarge)
Click to Enlarge Name: Germany 30 (DFB).png Size: 58 KB
  • #11,597
  • Sep 8, 2015 3:19am Sep 8, 2015 3:19am
Many thanks for that chart Cat - doubly useful this morning as it would appear LCG charting has dropped all data on the Dax since 8pm yesterday evening!
  • #11,598
  • Sep 8, 2015 3:37am Sep 8, 2015 3:37am
I got caught in this last move up by accident. Wrong trade input occurred. Need 10,250 for a safe exit. Or exit with a loss from here.
  • #11,599
  • Sep 8, 2015 3:41am Sep 8, 2015 3:41am
or again - and this time the FED will help a buddy to push upwards indexes above the rolling and settlement of futures contracts ???
  • #11,600
  • Sep 8, 2015 3:42am Sep 8, 2015 3:42am
Quoting shackleton
Many thanks for that chart Cat - doubly useful this morning as it would appear LCG charting has dropped all data on the Dax since 8pm yesterday evening!
You're welcome. I had the same with one of my other brokers, which is why I always have access to more than one software provider. It has come back now, but it's next to useless with a huge gap from 8pm last night to today's high.
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