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Carpe diem: Intraday tactics for Dax and Dow

  • #14,821
  • Nov 4, 2015 7:31am Nov 4, 2015 7:31am
Quoting nuckern
{quote} No biggie. ) It's worth waiting. I think I remember it. But I'll look it up anyway. I know you move the SL from -10 to -5 to +1 but some of these entries didn't go even to 10points... So I'm curious.. Coz that's where I'm struggling.. bad entries and how to get out with a least damage as possible... And about 15sec charts TOO sharp for me sometimes ))
Whilst I start with a 10 pt SL, I do move it AGGRESSIVELY. I do NOT wait to loose 10 pts!!
Trading Levels with WRBs
  • #14,822
  • Nov 4, 2015 7:41am Nov 4, 2015 7:41am
Quoting Islander
{quote} Whilst I start with a 10 pt SL, I do move it AGGRESSIVELY. I do NOT wait to loose 10 pts!!
Yep that's gonna be the problem.. ://
E.g. Situation I'll buy but then market doesn't go higher and makes clear lower high.. And I hope it will go higher... but in my hearth I know I should sell after confimation of lower high... so instead of closing trade with let's say -5pts and go shorting... I'll let it run and hope...I don't have to say twice hope never helps. So basicaly I'm burning money.. )
  • #14,823
  • Nov 4, 2015 7:47am Nov 4, 2015 7:47am
Quoting Catempire
Anyone else expecting a bigger pull back from 11000 levels ?... You all still seem bullish on the DAX............
Look at the 4 hour chart, we've gone sideways since the big push up on Monday morning. It hasn't been able to get above 11,000, and there are signs now that for the time being, it won't be able to. But the Dow is looking much more bullish, and that's the problem, because although that H4 chart is showing the Dow should break higher, the Dax isn't. Going from my Dax chart alone, I'm not Bullish, and looking at the Daily chart, yesterday was a Doji for the Dax, and we have the 200sma just above. Take from that what you will.
  • #14,824
  • Nov 4, 2015 7:51am Nov 4, 2015 7:51am
Quoting nuckern
{quote} Yep that's gonna be the problem.. :// E.g. Situation I'll buy but then market doesn't go higher and makes clear lower high.. And I hope it will go higher... but in my hearth I know I should sell after confimation of lower high... so instead of closing trade with let's say -5pts and go shorting... I'll let it run and hope...I don't have to say twice hope never helps. So basicaly I'm burning money.. )
My personal advice to you if you're burning money, is stop trading live and sort it out on Demo if it is your strategy letting you down, because you will most likely continue losing money if you just carry on. Your mental state is also probably not conducive to risking your money right now either. Take some time out.
  • #14,825
  • Nov 4, 2015 8:07am Nov 4, 2015 8:07am
Dow just made a new high - by 1 pt, whilst the SPX's high was 67 ticks lower............negligible volumes....

Back to my book for another 20 mins.....
Trading Levels with WRBs
  • #14,826
  • Nov 4, 2015 8:20am Nov 4, 2015 8:20am
Quoting nuckern
{quote} Yep that's gonna be the problem.. :// E.g. Situation I'll buy but then market doesn't go higher and makes clear lower high.. And I hope it will go higher... but in my hearth I know I should sell after confimation of lower high... so instead of closing trade with let's say -5pts and go shorting... I'll let it run and hope...I don't have to say twice hope never helps. So basicaly I'm burning money.. )
someone on this thread could be on the other side of your trade ...

take a break
practising coitus interruptus
  • #14,827
  • Nov 4, 2015 8:28am Nov 4, 2015 8:28am
Quoting avibe
{quote} someone on this thread could be on the other side of your trade ... take a break
Yep - he's called Broker ......
Trading Levels with WRBs
  • #14,828
  • Nov 4, 2015 8:28am Nov 4, 2015 8:28am
Dax30 like I mentioned earlier today once it hit 11k, it could introduce short term selling.

Nonetheless, EURUSD is dropping like a sack. This could ignite the Dax.
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 94 KB
  • #14,829
  • Nov 4, 2015 8:42am Nov 4, 2015 8:42am
S2 10829.7
  • #14,830
  • Nov 4, 2015 8:44am Nov 4, 2015 8:44am
DAX, Long @ 10'888 (2x)
  • #14,831
  • Nov 4, 2015 8:50am Nov 4, 2015 8:50am
Quoting traderblah
S2 10829.7
S3 10776.1
  • #14,832
  • Nov 4, 2015 8:57am Nov 4, 2015 8:57am
holding the fort.. keeping shorts
Corripe Cervisiam!
  • #14,833
  • Nov 4, 2015 8:59am Nov 4, 2015 8:59am
Quoting tradeforlife
{quote} Is the DAX heading down to 10750? To the start of the move.
As I mentioned earlier, it look like the DAX is heading down to 10750 :-)
  • #14,834
  • Nov 4, 2015 9:03am Nov 4, 2015 9:03am
A nice drop, actually from the DP to S2, but the action started when it was expected....
Attached Image (click to enlarge)
Click to Enlarge Name: nov4 dax 15 secs 1458.png Size: 26 KB
Trading Levels with WRBs
  • #14,835
  • Nov 4, 2015 9:04am Nov 4, 2015 9:04am
Quoting cat
{quote} My personal advice to you if you're burning money, is stop trading live and sort it out on Demo if it is your strategy letting you down, because you will most likely continue losing money if you just carry on. Your mental state is also probably not conducive to risking your money right now either. Take some time out.
Yeah, thanks. It's not that easy unfortunatelly :x But I'll keep it in mind.

Not missing action like the one few minutes ago would be really helpfull
  • #14,836
  • Nov 4, 2015 9:04am Nov 4, 2015 9:04am
long 10848
Attached Image (click to enlarge)
Click to Enlarge Name: 04-11-15.png Size: 30 KB
  • #14,837
  • Nov 4, 2015 9:12am Nov 4, 2015 9:12am
Quoting Islander
{quote} Whilst I start with a 10 pt SL, I do move it AGGRESSIVELY. I do NOT wait to loose 10 pts!!

You say you dont want to lose 10 pts.I understand that.If you start with a initial stop of -10- whats your target point profit? +20? +30 ? +40? +50? +60? etc..

Thanks alot

Col.
  • #14,838
  • Nov 4, 2015 9:14am Nov 4, 2015 9:14am
Quoting Islander
A nice drop, actually from the DP to S2, but the action started when it was expected.... {image}
Nice one
  • #14,839
  • Nov 4, 2015 9:18am Nov 4, 2015 9:18am
[quote = jmss59; 8574802] larga 10848 {image} [/ quote]
closed +30
  • #14,840
  • Nov 4, 2015 9:31am Nov 4, 2015 9:31am
Quoting Cprice76
{quote} You say you dont want to lose 10 pts.I understand that.If you start with a initial stop of -10- whats your target point profit? +20? +30 ? +40? +50? +60? etc.. Thanks alot Col.
I no longer work with fixed targets - just follow the PA trailing a stop - or exit manually if the PA and my system tells me to. I got out too early in that drop and quickly sold again for even more points....a 109 pt move in 13 mins is rather unusual!
Trading Levels with WRBs
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