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Carpe diem: Intraday tactics for Dax and Dow

  • #15,681
  • Nov 17, 2015 3:22am Nov 17, 2015 3:22am
Quoting sakisf
Did a short at 10870. It is the 50% of the whole move down in daily. {image}
sl hit -10.

Quoting PariCovek
{quote} You would think we should get a pullback during the day... However, the way the EURUSD is moving, I wouldn't be surprised if we test 11,000pts over coming days. Previous uptrend line intersects the longer term down trend line along with 200sma on Daily around 11,000. Looks like a confluence point. {image}
Was waiting for 3rd test of 11k and perhaps break last week but didn't happen. Now I am just letting it go to make a top before shorting again, not sure EU would further drop, I am expecting a retrace to at least 1.09 this week.
  • #15,682
  • Nov 17, 2015 3:35am Nov 17, 2015 3:35am
Big drop time?
  • #15,683
  • Nov 17, 2015 3:45am Nov 17, 2015 3:45am
Quoting traderblah
Big drop time?
Will have to see what ZEW has install for us....
Carpe Vinum.
  • #15,684
  • Nov 17, 2015 3:46am Nov 17, 2015 3:46am
Quoting traderblah
Big drop time?
Not IMO whilst the Dow is still heading up - unless ZEW is bad......
Trading Levels with WRBs
  • #15,685
  • Nov 17, 2015 3:48am Nov 17, 2015 3:48am
Quoting Islander
{quote} Not IMO whilst the Dow is still heading up - unless ZEW is bad......
My ceiling for DOW cash on a retrace was in the region of 17517

Maybe has to drop below this and return
  • #15,686
  • Nov 17, 2015 3:52am Nov 17, 2015 3:52am
GM,
taking a break into 10, 900, waiting for German ZEW. For now still a bullish bias with 11k in sight
Attached Image (click to enlarge)
Click to Enlarge Name: M5_nov_17.png Size: 32 KB

Best,
  • #15,687
  • Nov 17, 2015 3:53am Nov 17, 2015 3:53am
Quoting Zoog
{quote} Guten Morgen I know it depends in part on the PA but usually when do you move your SL to BE? Both on Dax (10 & 30) and Dow (20 & 60)? I move mine when the Dax is about 8 -10 points in profit and the Dow around 12 but lately I have been hit so many times, only for it then to continue. Off course I realise this is how it works, I just wondered how you decide. Thanks

Moving your stop to breakeven point when only +10 onside is madness as ( if spreadbetting ) you are paying 10% ( ie 1 tick ) in the spread.

Correct me if I am wrong.
  • #15,688
  • Nov 17, 2015 3:59am Nov 17, 2015 3:59am
Quoting PariCovek
{quote} You would think we should get a pullback during the day... However, the way the EURUSD is moving, I wouldn't be surprised if we test 11,000pts over coming days. Previous uptrend line intersects the longer term down trend line along with 200sma on Daily around 11,000. Looks like a confluence point. {image}
Hit shorts at 10907pts, out for +10. Get a bit nervous holding shorts in this market.
  • #15,689
  • Nov 17, 2015 4:02am Nov 17, 2015 4:02am
long @10904,9 sl -10 tp +30
fortis fortuna adiuvat
  • #15,690
  • Nov 17, 2015 4:03am Nov 17, 2015 4:03am
Quoting sakisf
{quote} sl hit -10. {quote} Was waiting for 3rd test of 11k and perhaps break last week but didn't happen. Now I am just letting it go to make a top before shorting again, not sure EU would further drop, I am expecting a retrace to at least 1.09 this week.
Just reading a Goldman Sachs report, they state the following, but note, Goldman's have been bearish on EUR since start of the year:

"which is why we anticipate only a small move lower (to 1.05) ahead of the Dec. 3 ECB meeting.
▪ But that also means that EUR/$ could fall more sharply on a dovish ECB surprise,
▪ and we continue to see parity by year-end and, possibly, 0.95 by end-March."

If EURUSD is heading to 1.05 and then lower to 0.95 in the next 4 months, then who knows how high the Dax will hit again.... 12k is a possibility.
  • #15,691
  • Nov 17, 2015 4:07am Nov 17, 2015 4:07am
Quoting stylinex
G20 meeting this week so this means stocks climb. Probably see some good gains today.
Bingo..
  • #15,692
  • Nov 17, 2015 4:10am Nov 17, 2015 4:10am
Quoting deltaone
long @10904,9 sl -10 tp +30
sl = be now. pure madness, ofc.
fortis fortuna adiuvat
  • #15,693
  • Nov 17, 2015 4:11am Nov 17, 2015 4:11am
Each movement up of the DAX is on lower momentum
  • #15,694
  • Nov 17, 2015 4:12am Nov 17, 2015 4:12am
Quoting PariCovek
{quote} Just reading a Goldman Sachs report, they state the following, but note, Goldman's have been bearish on EUR since start of the year: "which is why we anticipate only a small move lower (to 1.05) ahead of the Dec. 3 ECB meeting. ▪ But that also means that EUR/$ could fall more sharply on a dovish ECB surprise, ▪ and we continue to see parity by year-end and, possibly, 0.95 by end-March." If EURUSD is heading to 1.05 and then lower to 0.95 in the next 4 months, then who knows how high the Dax will hit again.... 12k is a possibility....
Usually they get their targets but there's still time for some up before down!
  • #15,695
  • Nov 17, 2015 4:18am Nov 17, 2015 4:18am
After three failures to breakout above the 10912/15 area I sold at 10910, sl now +10

The 5m chart has a large bearish engulfing candle - a marubozo - at the high

Edit: out +10 on stop......Dow's not yet rolled over....
Trading Levels with WRBs
  • #15,696
  • Nov 17, 2015 4:24am Nov 17, 2015 4:24am
Quoting deltaone
{quote} sl = be now. pure madness, ofc.
sl hit. +-0
fortis fortuna adiuvat
  • #15,697
  • Nov 17, 2015 4:42am Nov 17, 2015 4:42am
Dax, short 10895.
Hoping its a MAX for this week, and that we can fall further down.
  • #15,698
  • Nov 17, 2015 4:47am Nov 17, 2015 4:47am
short @10908,4 sl -10 tp +30
fortis fortuna adiuvat
  • #15,699
  • Nov 17, 2015 4:48am Nov 17, 2015 4:48am
Quoting Ziolo
Dax, short 10895. Hoping its a MAX for this week, and that we can fall further down.
Still the beginning of the week to short. Too early I reckon as it could climb further from here. Asian markets finished up and many leaders are abroad in meetings this week. No one wants to lose face and see their stock market dropping during the meeting.
  • #15,700
  • Nov 17, 2015 4:56am Nov 17, 2015 4:56am
Quoting deltaone
short @10908,4 sl -10 tp +30
upper side of the range saved me - donīt like pa though -> sl to be.
fortis fortuna adiuvat
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