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Carpe diem: Intraday tactics for Dax and Dow

  • #14,561
  • Oct 30, 2015 5:03am Oct 30, 2015 5:03am
Good CPI numbers, now it's dropping...yoohooo!
:: everything is awesome ::
  • #14,562
  • Oct 30, 2015 5:13am Oct 30, 2015 5:13am
Quoting Black Fox
Good CPI numbers, now it's dropping...yoohooo!
Hi Black Fox,

please excuse my ignorance. why is it that when CPI numbers are good, the index goes down?

Thanks.

TraderInc
The market pays you to be disciplined
  • #14,563
  • Oct 30, 2015 5:19am Oct 30, 2015 5:19am
Quoting TraderInc
{quote} Hi Black Fox, please excuse my ignorance. why is it that when CPI numbers are good, the index goes down? Thanks. TraderInc
It's all about QE.
Hey Draghi slow down that money printing machine. Look at CPI. Is that inflation?
:: everything is awesome ::
  • #14,564
  • Edited 5:31am Oct 30, 2015 5:20am | Edited 5:31am
TP at 10770
Edit: Hit! Enough for today. I'm out.
:: everything is awesome ::
  • #14,565
  • Oct 30, 2015 5:24am Oct 30, 2015 5:24am
Quoting Black Fox
TP at 10770

thanks for the explanation.
The market pays you to be disciplined
  • #14,566
  • Oct 30, 2015 5:25am Oct 30, 2015 5:25am
Quoting Black Fox
Good CPI numbers, now it's dropping...yoohooo!
depends on how you look at them, normal vocabulary is higher = bad
Don't be a hero. Don't have an ego. Always question yourself
  • #14,567
  • Oct 30, 2015 5:37am Oct 30, 2015 5:37am
I forgot to check earlier, but a beautiful Gravestone Doji formed at the close of the Dow H4, and that's generally the most powerful bearish candle there is. Can this 30 min 200ema hold right here at 60?
  • #14,568
  • Edited 5:55am Oct 30, 2015 5:41am | Edited 5:55am
Quoting USD-Bear
{quote} depends on how you look at them, normal vocabulary is higher = bad
Yes, it depends on how you look at them. It's certainly bad for me and my life last 25 years. My regular income has never positively tracked higher inflation. So, I trade FX and CFDs to complement my income to be able to survive in this sad World ruled by evil 0.1% "elite" (bankers, politicians, shadow organisations, etc...).

Edit: And put that "elite" in double quotes.
:: everything is awesome ::
  • #14,569
  • Oct 30, 2015 5:53am Oct 30, 2015 5:53am
Believe now in a bear market with DAX cash having retraced earlier today to 61.8 fib of the latest high. This is also 50% retrace of the high from April
  • #14,570
  • Oct 30, 2015 6:04am Oct 30, 2015 6:04am
DAX H4 - After completion of 5 waves up sequence I think we are going into ABC correction down.
Per aspera ad astra
  • #14,571
  • Oct 30, 2015 6:14am Oct 30, 2015 6:14am
Quoting jpadvisor
DAX H4 - After completion of 5 waves up sequence I think we are going into ABC correction down.
Are you saying the large move down from April is an ABC correction and that we are now in the C wave down or as I postulated the other day that having completed 5 waves down the move up is now an ABC correction and that we are now in wave B down
  • #14,572
  • Oct 30, 2015 6:24am Oct 30, 2015 6:24am
10738 is major support

If broken it could clatter down a fair bit more
  • #14,573
  • Oct 30, 2015 6:33am Oct 30, 2015 6:33am
Quoting traderblah
{quote} Are you saying the large move down from April is an ABC correction and that we are now in the C wave down or as I postulated the other day that having completed 5 waves down the move up is now an ABC correction and that we are now in wave B down
I think this chart can show what i mean. To me on H4 we've just completed an impulsive sequence of 5 waves up and now entering in a ABC corrective sequence.
Your count is maybe on the Daily.
PS: To note the R. Bearish divergence
Attached Image (click to enlarge)
Click to Enlarge Name: DAX-DEC15.H4.png Size: 128 KB
Per aspera ad astra
  • #14,574
  • Oct 30, 2015 6:38am Oct 30, 2015 6:38am
Quoting cat
{quote} I actually used to use a 15 sec chart before settling on the 10, though it doesn't really matter which one as they both show up the same trade opportunities, though the 10 will tend to get you in just that little bit earlier, but it's never definitive as you might get a beautiful pin bar to trade off on the 15 sec TF that the 10 will miss, and vice-versa. I always experiment, but at the moment I've done away with the 3 sec TF due to the choppiness of the market atm, so have a 10 open, then a 30 sec, 1m, 3m, 10m, 30m, H1, but then I do have...

and I thought I was busy with "only" three monitors....and The Cat
Attached Image (click to enlarge)
Click to Enlarge Name: DSCF0830.JPG Size: 101 KB
Trading Levels with WRBs
  • #14,575
  • Oct 30, 2015 6:51am Oct 30, 2015 6:51am
Quoting Islander
{quote} and I thought I was busy with "only" three monitors....and The Cat {image}
hey, she's lovely. I'll wait until mine is in the office and post a screenshot. At the moment, she's off hunting somewhere, which is great until she brings me the spoils and drops them at my feet!
  • #14,576
  • Oct 30, 2015 6:51am Oct 30, 2015 6:51am
Quoting stylinex
People here now buying the dips or selling the pops...? I got a feeling we may dip from here.

Quoting NWGstudent
short dax @ 10910
Quoting NWGstudent
Shorting, sold short again london open, i dont carry positions overnight

Still selling shorts in dax, lets ride correction as far south as possible.
  • #14,577
  • Oct 30, 2015 6:52am Oct 30, 2015 6:52am
Quoting drammen
{quote} That is correct! And yes, who in their right mind would use a city as their username?! It has just stuck with me when i started registering on forums.
Cool, im from Norway as well, not far from you actually.

Have you been trading for a long time?
  • #14,578
  • Oct 30, 2015 6:59am Oct 30, 2015 6:59am
Quoting NWGstudent
{quote} {quote} {quote} Still selling shorts in dax, lets ride correction as far south as possible.
Approaching last day low and i have lockec in 50% of my profits by moving my stops into profit zone
  • #14,579
  • Oct 30, 2015 7:01am Oct 30, 2015 7:01am
Quoting Decu33
GM, {image} best,
nice chart
The only constant is change
  • #14,580
  • Oct 30, 2015 7:06am Oct 30, 2015 7:06am
Quoting littspaniard
{quote} nice chart
thx, hopefully it helps
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