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Carpe diem: Intraday tactics for Dax and Dow

  • #16,161
  • Nov 26, 2015 3:17am Nov 26, 2015 3:17am
Having tested the sub 1m TFs I have concluded that they do not offer any significant advantage for my methodology and also I loose most of the candles and volumes and thus important input.

Medici reminded me of the work we did together on Forex using Range / Renko Bars, so I'm taking a look at them on Dax.

To avoid numerous questions, those interested can look at this thread which explains their use.....http://www.forexfactory.com/showthread.php?t=513860
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Trading Levels with WRBs
  • #16,162
  • Nov 26, 2015 3:27am Nov 26, 2015 3:27am
I would not want to be short now. If Black Friday sales are big this year then stocks will see big gains next week and the DAX will run with the US Indexes. Probably flat from here with a bit of zig zags and then big gains on Monday unless sales were horrible these 3 days following Black Friday. Porsche just sent me a 10% off MSRP on any 2015 Porsche for their Black Friday sale.
  • #16,163
  • Nov 26, 2015 3:28am Nov 26, 2015 3:28am
So i got it atm.
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  • #16,164
  • Nov 26, 2015 3:39am Nov 26, 2015 3:39am
Dax sell limit 11.300
Stop going for the easy buck
  • #16,165
  • Nov 26, 2015 3:57am Nov 26, 2015 3:57am
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  • #16,166
  • Nov 26, 2015 4:03am Nov 26, 2015 4:03am
wave 5 and wedge potential
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  • #16,167
  • Nov 26, 2015 4:08am Nov 26, 2015 4:08am
For those who may not have it, the price is most likely headed for the trend line which lies just beneath R2. I'd put my money on that being a top for today, or close to it. But the way the Dax has been pushing higher, nothing would surprise me.
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  • #16,168
  • Nov 26, 2015 4:13am Nov 26, 2015 4:13am
Quoting cat
For those who may not have it, the price is most likely headed for the trend line which lies just beneath R2. I'd put my money on that being a top for today, or close to it. But the way the Dax has been pushing higher, nothing would surprise me. {image}
Range - great for shorts 11,480 11 500 and 11 580 11,600
  • #16,169
  • Edited 5:52am Nov 26, 2015 5:37am | Edited 5:52am
Slowly hiting the TOP, but...such strong move today. Dont know what to do Close longs..or keep on the wave until it fall ? hmmm

Edit: 60% longs closed
  • #16,170
  • Nov 26, 2015 6:03am Nov 26, 2015 6:03am
Beautiful Gravestone Doji on the hourly, in Steve Nison's words " The ultimate shooting star ".-----Sorry guys, that's the 30 min chart as you'll have noticed. My mistake...still, a nice doji all the same. It doesn't mean short necessarily, but it is a bearish signal, especially coming where it is right beneath R2 and at the H4 trend line.
  • #16,171
  • Nov 26, 2015 6:03am Nov 26, 2015 6:03am
Quoting stylinex
I would not want to be short now. If Black Friday sales are big this year then stocks will see big gains next week and the DAX will run with the US Indexes. Probably flat from here with a bit of zig zags and then big gains on Monday unless sales were horrible these 3 days following Black Friday. Porsche just sent me a 10% off MSRP on any 2015 Porsche for their Black Friday sale.

#16'163

The DAX could easily manipulate to 12'000 but it could also create a bigger drawdown by negative news (political and/or econ.).
Chairmen demand their bonus end of this year - the same procedure as every year.
FXcube
  • #16,172
  • Nov 26, 2015 6:09am Nov 26, 2015 6:09am
DAx intraday on M5 probably ends small waves 5
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  • #16,173
  • Nov 26, 2015 6:10am Nov 26, 2015 6:10am
Quoting Dano12
{quote} Range - great for shorts 11,480 11 500 and 11 580 11,600
Depends on when though because options/contracts expire at end of the 3rd week of December which is Friday December 18. If this price hit during the 3rd week of December I would not short until new contracts on the 21st of December.
  • #16,174
  • Nov 26, 2015 6:12am Nov 26, 2015 6:12am
Quoting Forexcube
{quote} #16'163 The DAX could easily manipulate to 12'000 but it could also create a bigger drawdown by negative news (political and/or econ.). Chairmen demand their bonus end of this year - the same procedure as every year. FXcube
Hello FxCube, totally agree. We could see soon some correction to ,approximately, 11.000 and after that buyers would be much lower. This one, around 11.400, is the key for me for some nice swing trade.
"A handful of patience is worth more than a bushel of brains"
  • #16,175
  • Nov 26, 2015 6:15am Nov 26, 2015 6:15am
Quoting Forexcube
{quote} #16'163 The DAX could easily manipulate to 12'000 but it could also create a bigger drawdown by negative news (political and/or econ.). Chairmen demand their bonus end of this year - the same procedure as every year. FXcube
From what I have heard is that this year sales in America are not that great. Not sure how news will report this though. My information is based off of what I know from Taiwan,China and Thailand exports to America via friends in the manufacturing industry and via friends in the shipping industry. I attended many exhibitions here in Asia recently as well and there were not many buyers from America here ordering and buying. Will be interesting though to see 4th quarter sales numbers and profits from corporate America.
  • #16,176
  • Nov 26, 2015 6:16am Nov 26, 2015 6:16am
Quoting Iron Pawn
{quote} Hello FxCube, totally agree. We could see soon some correction to ,approximately, 11.000 and after that buyers would be much lower. This one, around 11.400, is the key for me for some nice swing trade.
#16'175

I hope we all could benefit from this market situation.
Let's see.
FXcube
  • #16,177
  • Nov 26, 2015 6:18am Nov 26, 2015 6:18am
Quoting stylinex
{quote} From what I have heard is that this year sales in America are not that great. Not sure how news will report this though. My information is based off of what I know from Taiwan,China and Thailand exports to America via friends in the manufacturing industry and via friends in the shipping industry. I attended many exhibitions here in Asia recently as well and there were not many buyers from America here ordering and buying. Will be interesting though to see 4th quarter sales numbers and profits from corporate America.

#16'176

Draghi will manage it, no doubt!:nerd:
  • #16,178
  • Nov 26, 2015 6:23am Nov 26, 2015 6:23am
Quoting Iron Pawn
{quote} Hello FxCube, totally agree. We could see soon some correction to ,approximately, 11.000 and after that buyers would be much lower. This one, around 11.400, is the key for me for some nice swing trade.
welcome back, Iron Pawn
fortis fortuna adiuvat
  • #16,179
  • Nov 26, 2015 6:28am Nov 26, 2015 6:28am
Quoting deltaone
{quote} welcome back, Iron Pawn
Hey D1, how are you doing buddy? Hope all is well. Exited this morning my ES from Monday and checking out how things are going over here... Little sell on DAX, testing waters... hmmmm.
"A handful of patience is worth more than a bushel of brains"
  • #16,180
  • Nov 26, 2015 6:28am Nov 26, 2015 6:28am
money schedulers at euro-zone banks ordered less money than was due at the last ecb-tender. this means they are relatively sure conditions will be better after the next ecb decision date. donīt forget many ecb officials talked to bank managers off-public in the past with decisions to be taken ahead. iīm bullish, long only again + BTD.
fortis fortuna adiuvat
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