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Carpe diem: Intraday tactics for Dax and Dow

  • #13,821
  • Oct 19, 2015 2:10am Oct 19, 2015 2:10am
160 is my top limit for this move, just above the 76.4%?

ps Wow!! that's it, keeping my mouth shut for the rest of the day
  • #13,822
  • Oct 19, 2015 2:16am Oct 19, 2015 2:16am
Quoting cat
160 is my top limit for this move, just above the 76.4%?
180/185?
  • #13,823
  • Oct 19, 2015 2:16am Oct 19, 2015 2:16am
Quoting deltaone
{quote} tp hit. +30

why is the target point of +30 the optimal number???

Thanks

Col.
  • #13,824
  • Oct 19, 2015 2:19am Oct 19, 2015 2:19am
short dax 10172 sl 10 tp open
  • #13,825
  • Oct 19, 2015 2:19am Oct 19, 2015 2:19am
200 - that is my top for the day!!
  • #13,826
  • Oct 19, 2015 2:20am Oct 19, 2015 2:20am
Quoting cat
160 is my top limit for this move, just above the 76.4%? ps Wow!! that's it, keeping my mouth shut for the rest of the day
That was the most impressive XO for a long while, it looked touch and go during pre-trade hour.
  • #13,827
  • Oct 19, 2015 2:22am Oct 19, 2015 2:22am
Quoting lakhan
short dax 10172 sl 10 tp open
out. I'm maybe too early...
  • #13,828
  • Oct 19, 2015 2:25am Oct 19, 2015 2:25am
Quoting Cprice76
{quote} why is the target point of +30 the optimal number??? Thanks Col.
that´s just my setup. risk reward and probability is optimal for me. many traders want to make as much as possible within one singel trade - but not me. to each his own
fortis fortuna adiuvat
  • #13,829
  • Oct 19, 2015 2:25am Oct 19, 2015 2:25am
short @10165,5 sl -10 tp +30
fortis fortuna adiuvat
  • #13,830
  • Oct 19, 2015 2:29am Oct 19, 2015 2:29am
Quoting deltaone
short @10165,5 sl -10 tp +30
sl hit. -10
fortis fortuna adiuvat
  • #13,831
  • Oct 19, 2015 2:31am Oct 19, 2015 2:31am
Quoting deltaone
{quote} thats just my setup. risk reward and probability is optimal for me. many traders want to make as much as possible within one singel trade - but not me. to each his own

Thought so, many thanks.I think the key to daytrading like that is do NOT overtrade- allo w maximum of say 3 trades per day?? as they all add up over the week??

Col.
  • #13,832
  • Oct 19, 2015 2:41am Oct 19, 2015 2:41am
Quoting Cprice76
{quote} Thought so, many thanks.I think the key to daytrading like that is do NOT overtrade- allo w maximum of say 3 trades per day?? as they all add up over the week?? Col.
not sure about the number, but in general: yes. have no fixed rule for this.
fortis fortuna adiuvat
  • #13,833
  • Oct 19, 2015 2:44am Oct 19, 2015 2:44am
Quoting PariCovek
{quote} That was the most impressive XO for a long while, it looked touch and go during pre-trade hour.
Sure was, I haven't seen one like that for awhile.
  • #13,834
  • Oct 19, 2015 2:44am Oct 19, 2015 2:44am
short dax 10186.5 sl 10 tp open
  • #13,835
  • Oct 19, 2015 2:48am Oct 19, 2015 2:48am
Quoting lakhan
short dax 10186.5 sl 10 tp open
out -10, re entered short 189.5 sl 10 tp open
  • #13,836
  • Oct 19, 2015 3:00am Oct 19, 2015 3:00am
long @10188,5 sl -10 tp +30
fortis fortuna adiuvat
  • #13,837
  • Oct 19, 2015 3:02am Oct 19, 2015 3:02am
Quoting deltaone
long @10188,5 sl -10 tp +30
sl hit. -10
fortis fortuna adiuvat
  • #13,838
  • Edited 3:34am Oct 19, 2015 3:21am | Edited 3:34am
Does anyone use a following MA to keep then in strong moves like this morning rather than set an arbitrary points number? They can be very useful with an index like the Dax with these short explosive moves we get, especially at the open. You need to put one on a short time frame like the 1 min. I use a Hull 60 unit, which is quite tight , so you could slacken it to say a 70, but you can play around with them and back test to see what suits you best on any particular time frame. I am biased towards MAs though, as I use them all the time. I have a big one which sits at 200 on the 2 hour time frame for example, which, if I'm correct, should have given us a top for today. Just a thought, as i know we all have our preferred methodology.

My apologies, that's a Hull 60, not 30.
  • #13,839
  • Oct 19, 2015 3:32am Oct 19, 2015 3:32am
last one for the moment: long @10177 sl -10 tp +30 than out for a trip to museum
fortis fortuna adiuvat
  • #13,840
  • Oct 19, 2015 3:35am Oct 19, 2015 3:35am
Quoting cat
Does anyone use a following MA to keep then in strong moves like this morning rather than set an arbitrary points number? They can be very useful with an index like the Dax with these short explosive moves we get, especially at the open. You need to put one on a short time frame like the 1 min. I use a Hull 30 unit, which is quite tight , so you could slacken it to say a 40, but you can play around with them and back test to see what suits you best on any particular time frame. I am biased towards MAs though, as I use them all the time. I have a...
Some years ago I found this advice.

"
(5 & 15), + RSI and stochastic.

When slow line (MA15) goes below fast line (MA5) and RSI is above 50 the system raises a Buy signal, I check with stoch and if they are in same direction I will consider this as entry point If what I see on higher time frames can be also read as Up movement. If I read overall downtrend I will wait for the reversed version of the described above and will sell ... If I see it is ranging from here to there more than twice today I sell when its high and buy when its low....what else ... oh yes CCI is also used as indicator ... if it goes from above 100 to lower levels I usually see it as a sell, and if it climbs from below -100 I read it as buy signal."
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