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Carpe diem: Intraday tactics for Dax and Dow

  • #14,201
  • Oct 23, 2015 4:01am Oct 23, 2015 4:01am
Quoting cat
Looks pretty horrible from my end atm. I think we may go higher, but after yesterday's fireworks traders today are either licking their wounds or licking their lips. For me it looks like a great opportunity for an early weekend. Stay safe all!
Agreed, glad I managed to clear most of my losing hedge trades from yesterday to close to breakeven today. Will need to wait now for Yanks to go online.
  • #14,202
  • Oct 23, 2015 4:19am Oct 23, 2015 4:19am
This year the DAX hit a high of around 12000 and now we are at around 10,600 which is not too far off the lows of the year. With more QE funds due before the end of the year which in this case is December we may be able to reach those highs of the year before the end of this year with the good old Santa Rally (AKA Christmas rally) via more QE stimulus boosts. Yesterday the DAX took a 100mg Viagra and we got overcast which not only boosted it yesterday but still up there today as well. As long as the DAX does not take another pill today or Monday we should see a small pullback (very very small) which is probably just 30-40 points of the day highs before continuing back up again. Amazon reported earnings in America and they beat. US climbs and DAX follows along... Rally off the good news and brush off the bad news. Buy the dips for the last 3 months of the year.
  • #14,203
  • Oct 23, 2015 4:35am Oct 23, 2015 4:35am
Quoting stylinex
This year the DAX hit a high of around 12000 and now we are at around 10,600 which is not too far off the lows of the year. With more QE funds due before the end of the year which in this case is December we may be able to reach those highs of the year before the end of this year with the good old Santa Rally (AKA Christmas rally) via more QE stimulus boosts. Yesterday the DAX took a 100mg Viagra and we got overcast which not only boosted it yesterday but still up there today as well. As long as the DAX does not take another pill today or...
we may, but don't forget the surprises are moving the market (like yesterday) we might need another QE from the US to top that....
Don't be a hero. Don't have an ego. Always question yourself
  • #14,204
  • Oct 23, 2015 4:40am Oct 23, 2015 4:40am
Excellent day for some Hedging Orders when the direction seems not so clear currently.
FXcube
  • #14,205
  • Oct 23, 2015 4:43am Oct 23, 2015 4:43am
With Draghi all the worthless papers of the DAX market could reach 15'000 easily next year.
I give a sh*t of this!, ...but you can may money in this way.
It's only paper money.
FXcube
  • #14,206
  • Oct 23, 2015 4:55am Oct 23, 2015 4:55am
Quoting traderblah
Entering short 10632 DAX cash s/l 10660 Target 10448
Oh well back to the drawing board
  • #14,207
  • Oct 23, 2015 5:05am Oct 23, 2015 5:05am
Short 10709

Second lot Short 10725
  • #14,208
  • Oct 23, 2015 5:06am Oct 23, 2015 5:06am
Watch 740, could be a high setting up nice diversion??
  • #14,209
  • Oct 23, 2015 5:07am Oct 23, 2015 5:07am
Quoting traderblah
{quote} Oh well back to the drawing board
I was burnt by shorts also yesterday...
Looks like its now making run for the 200sma on Daily, around 11,115pts. Maybe in a couple of days at this rate!
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  • #14,210
  • Oct 23, 2015 5:08am Oct 23, 2015 5:08am
Quoting cat
Watch 740, could be a high setting up nice diversion??
I dont like the idea of shorting this market at the moment... Why 740 exactly?

Look at the 7sma being honoured, that's algo funds buying away. They'll scoop any dips in this market. The big clue today was sitting above the 200sma on the 1m, it was prime for another leg up.
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  • #14,211
  • Oct 23, 2015 5:16am Oct 23, 2015 5:16am
Quoting PariCovek
{quote} I dont like the idea of shorting this market at the moment... Why 740 exactly? Look at the 7sma being honoured, that's algo funds buying away. They'll scoop any dips in this market. The big clue today was sitting above the 200sma on the 1m, it was prime for another leg up. {image}
I wouldn't short it yet either. Why 740? I've got a couple of capping MAs there, doesn't mean to say they'll hold it, but they might.
  • #14,212
  • Oct 23, 2015 5:19am Oct 23, 2015 5:19am
Quoting Mingary
Short 10709 Second lot Short 10725
Second lot Short 10725 ==> @ BE
  • #14,213
  • Oct 23, 2015 5:19am Oct 23, 2015 5:19am
[quote=squallpips;8554503]Kudos to D1 trading into DJ's dusk {quote}

[quote=Islander;8555179]GM - nice to see Deltaone pirating some points from the Dow yesterday evening

thanks! first day with sunny weather here since one week - so mainly afk today. will trade dow later.
fortis fortuna adiuvat
  • #14,214
  • Oct 23, 2015 5:25am Oct 23, 2015 5:25am
Quoting Forexcube
Excellent day for some Hedging Orders when the direction seems not so clear currently. FXcube
hmmmmm. i´m not a promoter of hedging positions - and this is an event-driven breakout with good volume... good luck!
fortis fortuna adiuvat
  • #14,215
  • Oct 23, 2015 5:31am Oct 23, 2015 5:31am
Quoting Forexcube
With Draghi all the worthless papers of the DAX market could reach 15'000 easily next year. I give a sh*t of this!, ...but you can may money in this way. It's only paper money. FXcube
??? stocks are real assets - and what is happening to the value of the stocks in the DCF-approach if the riskfree interest-rate is falling - even with constant cashflows?
fortis fortuna adiuvat
  • #14,216
  • Oct 23, 2015 5:34am Oct 23, 2015 5:34am
Quoting deltaone
{quote} ??? stocks are real assets - and what is happening to the value of the stocks in the DCF-approach if the riskfree interest-rate is falling - even with constant cashflows?
I agree with D1. Plus I've looked at the company earnings in Q2 2015, and the vast majority of Dax companies had growing revenues due to a cheaper EUR. With Draghi in place, I expect the EUR to keep falling and Dax company revenues to keep rising.
  • #14,217
  • Oct 23, 2015 5:36am Oct 23, 2015 5:36am
Quoting Mingary
{quote} Second lot Short 10725 ==> @ BE
Out at BE on both .. now flat
  • #14,218
  • Oct 23, 2015 5:37am Oct 23, 2015 5:37am
Quoting deltaone
{quote} hmmmmm. im not a promoter of hedging positions - and this is an event-driven breakout with good volume... good luck!
#14'215

This is my way. It haven't been yours!
FXcube
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  • #14,219
  • Oct 23, 2015 5:38am Oct 23, 2015 5:38am
Quoting traderblah
{quote} Oh well back to the drawing board
Should have waited til my other targets were reached before shorting. Had FTSE 100 to short at 6462
  • #14,220
  • Oct 23, 2015 5:39am Oct 23, 2015 5:39am
Quoting deltaone
{quote} ??? stocks are real assets - and what is happening to the value of the stocks in the DCF-approach if the riskfree interest-rate is falling - even with constant cashflows?


You won't understand me.
I'm out of here.
Good-Bye!
FXcube
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