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Carpe diem: Intraday tactics for Dax and Dow

  • #13,001
  • Oct 1, 2015 8:24am Oct 1, 2015 8:24am
Quoting Pokerkid7174
{quote} I think I've had that more times this week, than i have all year
Today was a record day for me in losses for the year while this week was a record week for me in gains (the losses wiped out the week of hard work). Wait till th dust settles before entering again.
  • #13,002
  • Oct 1, 2015 8:26am Oct 1, 2015 8:26am
Quoting littspaniard
{quote} sl hit -95. Enough for me today. Wrong feeling so maybe wait for tomorrow
I would imagine that most of us looking for a bottom today with hopes for a ounce or reversal were taken to the cleaners with this last drop including me. You are right, wait for tomorrow..
  • #13,003
  • Oct 1, 2015 8:27am Oct 1, 2015 8:27am
I'm surprised at anyone holding longs after the early PA. The high reached in pre XO trading held throughout the first hour during an unusually narrow range for that hour......perhaps the Big Dogs distributing and getting short .....that FAILURE to break the early highs was IMO a clear signal to get out of longs Then there was a steady fall throughout the rest of the morning with no attempts to rally.

The early US Session was flat in ~30 pt range until the NYSE Open until the poor ISM data caused that great sell off....again bank some and sell the PBs

PS by anyone I mean any INTRA-DAY TRADER, which is what this thread is about!
Trading Levels with WRBs
  • #13,004
  • Oct 1, 2015 8:28am Oct 1, 2015 8:28am
Last one

Long 9502 sl -20

Then thats it for today

Tomorrows another day as they say
  • #13,005
  • Oct 1, 2015 8:29am Oct 1, 2015 8:29am
Quoting stylinex
{quote} Today was a record day for me in losses for the year while this week was a record week for me in gains (the losses wiped out the week of hard work). Wait till th dust settles before entering again.
Sorry for your losses - I was writing my post and got interrupted by family matters, so it took half and hour!
Trading Levels with WRBs
  • #13,006
  • Oct 1, 2015 8:29am Oct 1, 2015 8:29am
Quoting lakhan
{quote} out be. longs still active but slowly downsizing.
A lovely -5.5% day today.
  • #13,007
  • Oct 1, 2015 8:34am Oct 1, 2015 8:34am
Quoting Pokerkid7174
Last one Long 9502 sl -20 Then thats it for today Tomorrows another day as they say

sl + 1
That will confuse it
  • #13,008
  • Oct 1, 2015 8:41am Oct 1, 2015 8:41am
no more dax-trades for me (xetra closed). solid outcome though moved sl hit with +-0 en masse. but that protected me. taking a break now.
fortis fortuna adiuvat
  • #13,009
  • Edited 9:11am Oct 1, 2015 8:53am | Edited 9:11am
Some thoughts going forward. To me, and I may well be wrong, the euro vs the dollar has narrowed into a fairly tight apex now on the Daily chart, which could mean that it will soon break to the upside. What this weakening dollar should result in is stronger equities. Looking at the Dow, I'd say that we are not going to break lower until we have climbed higher, perhaps back up to around the 17,000 mark. I still predict a massive collapse in the stock market, but it needs to break higher first. The same thing happened in 2008, the Dow hit the weekly 200sma in January 2008 exactly as it did on Aug 24th, then went sideways but on an upward trajectory for 5 months, stopping at the 61.8% retrace, after which it fell, and the rest is history. We could well repeat a similar scenario again.

Posted this monthly DOW MACD on my FB page a while back - doesn't exactly give a rosy picture for stocks does it, seems to be only one direction it's going to go!
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  • #13,010
  • Oct 1, 2015 9:18am Oct 1, 2015 9:18am
Quoting Islander
I'm surprised at anyone holding longs after the early PA. The high reached in pre XO trading held throughout the first hour during an unusually narrow range for that hour......perhaps the Big Dogs distributing and getting short .....that FAILURE to break the early highs was IMO a clear signal to get out of longs Then there was a steady fall throughout the rest of the morning with no attempts to rally. The early US Session was flat in ~30 pt range until the NYSE Open until the poor ISM data caused that great sell off....again bank some and sell...

whats the "PB"?

Thanks Col.
  • #13,011
  • Oct 1, 2015 9:29am Oct 1, 2015 9:29am
Quoting Cprice76
{quote} whats the "PB"? Thanks Col.
Pull Back aka Retrace PA = Price Action
Trading Levels with WRBs
  • #13,012
  • Oct 1, 2015 9:29am Oct 1, 2015 9:29am
System entry
Long 16082 SL -20 TP +60

Edit SL to BE
Carpe Vinum.
  • #13,013
  • Oct 1, 2015 9:38am Oct 1, 2015 9:38am
Quoting cat
Some thoughts going forward. To me, and I may well be wrong, the euro vs the dollar has narrowed into a fairly tight apex now on the Daily chart, which could mean that it will soon break to the upside. What this weakening dollar should result in is stronger equities. Looking at the Dow, I'd say that we are not going to break lower until we have climbed higher, perhaps back up to around the 17,000 mark. I still predict a massive collapse in the stock market, but it needs to break higher first. The same thing happened in 2008, the Dow hit the weekly...

Interesting and that prompted me to look at my Daily / Weekly Charts.....since October 2014 the Dow was ten months in a ~1350 pt range - viz price moved within an 8% range - only recently broken. That would make on hell of a distribution zone

In contrast, during the same period, Dax moved in a ~3,500 pt range - that's 37%!

A huge difference and probably why there is now such high activity in Dax in the US Session.

Interesting, but I'll stick to Intra-Day trading
Trading Levels with WRBs
  • #13,014
  • Oct 1, 2015 9:56am Oct 1, 2015 9:56am
Quoting Islander
{quote} Interesting, but I'll stick to Intra-Day trading
Likewise, I wouldn't have the patience for anything else.
  • #13,015
  • Oct 1, 2015 9:56am Oct 1, 2015 9:56am
Quoting Islander
{quote} Sorry for your losses - I was writing my post and got interrupted by family matters, so it took half and hour!
Thanks.. My heart today felt like the VIX. When the market tanked and did not retreat or bounce back my heart's volatility numbers (VIX) spiked. Going to take a sleeping pill and sleep this one out till tomorrow and see what tomorrow brings us.
I have found that the DAX when it moves in one way or another has moves of around 2-3% and usually with I turn around. Also broke my own rule of not trading when US markets first open. Best to wait and let market first set its direction before coming in for a trade. The downside after the big move has been made is very low compared to when entering right after US market opens. Most of the move usually happens between 9:30 AM 12:00 PM New York time whether it be up or down.
  • #13,016
  • Oct 1, 2015 9:57am Oct 1, 2015 9:57am
Closed manually +48​
Carpe Vinum.
  • #13,017
  • Oct 1, 2015 10:02am Oct 1, 2015 10:02am
Quoting cat
Some thoughts going forward. To me, and I may well be wrong, the euro vs the dollar has narrowed into a fairly tight apex now on the Daily chart, which could mean that it will soon break to the upside. What this weakening dollar should result in is stronger equities. Looking at the Dow, I'd say that we are not going to break lower until we have climbed higher, perhaps back up to around the 17,000 mark. I still predict a massive collapse in the stock market, but it needs to break higher first. The same thing happened in 2008, the Dow hit the weekly...
I think we are due for a crash as well. Question though is when this crash hits us.. Perhaps wise to open some long SPY puts about a year out or so for options expirations.
  • #13,018
  • Oct 1, 2015 10:25am Oct 1, 2015 10:25am
Quoting stylinex
{quote} I think we are due for a crash as well. Question though is when this crash hits us.. Perhaps wise to open some long SPY puts about a year out or so for options expirations.
It's already happening we're just in the initial stages - I'm predicting at least 12,000 for the Dow
  • #13,019
  • Oct 1, 2015 10:38am Oct 1, 2015 10:38am
long @16135,7 sl -20 tp +60
fortis fortuna adiuvat
  • #13,020
  • Oct 1, 2015 10:44am Oct 1, 2015 10:44am
Quoting deltaone
long @16135,7 sl -20 tp +60
sl hit. -20
fortis fortuna adiuvat
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