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Carpe diem: Intraday tactics for Dax and Dow

  • #17,661
  • Dec 15, 2015 2:59pm Dec 15, 2015 2:59pm
nyse close, flat. good night!
fortis fortuna adiuvat
  • #17,662
  • Dec 15, 2015 3:58pm Dec 15, 2015 3:58pm
Tomorrow will be good opportunity for short positions. Dax may be look for 10550 but after that cut down.......... Again 10100 level re-test than break it for looling 9700.
  • #17,663
  • Dec 15, 2015 8:28pm Dec 15, 2015 8:28pm
Quoting realfx
Tomorrow will be good opportunity for short positions. Dax may be look for 10550 but after that cut down.......... Again 10100 level re-test than break it for looling 9700.
Not according to this guy.. http://www.businessinsider.com/jeffr...e-high-2015-12
  • #17,664
  • Dec 15, 2015 8:48pm Dec 15, 2015 8:48pm
Quoting acit
Dax is in a hurry to go to 10132, if it does reach that level before US rate decision, then I am buying...
My previous statement looking good so far, but I am not ruling out shorts atm, since I see a very good buy setup reversal on gold. If gold goes up, meaning Dax could go down..
  • #17,665
  • Dec 15, 2015 11:35pm Dec 15, 2015 11:35pm
Certainly looking like to me that we've had the bullish reversal on the Daily chart, with a nice hammer, followed by green candles, and more importantly, a break of the 7sma on Daily, which I usually look for on lower TFs when I see the price below the 200sma and starting to charge north. It hasn't broken the 7sma whilst in down trend for the last 2 weeks. So it could be a good trade here to go long until the 200sma on Daily at least (around 10850s). I expected a bounce from the 61.8% Fib, and it was only few pts away from that.

My only concern is the US Fed Funds rate decision later tonight, which the market is expecting. If we don't get it, then expect the USD to weaken and Dax with it.

I'll buy the dip on open today, and once its clear +30pts, I'll put SLs to BE and just let it go do its magic. Ho Ho Ho time for the xmas rally.
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  • #17,666
  • Edited Dec 16, 2015 12:37am Dec 15, 2015 11:52pm | Edited Dec 16, 2015 12:37am
Quoting PariCovek
Certainly looking like to me that we've had the bullish reversal on the Daily chart, with a nice hammer, followed by green candles, and more importantly, a break of the 7sma on Daily, which I usually look for on lower TFs when I see the price below the 200sma and starting to charge north. It hasn't broken the 7sma whilst in down trend for the last 2 weeks. So it could be a good trade here to go long until the 200sma on Daily at least (around 10850s). I expected a bounce from the 61.8% Fib, and it was only few pts away from that. My only concern...
PLUS - All Equities markets are up today, and Oil has rallied from below USD35/bbl only 2 days ago, to above USD38/bbl. Enough said from me.

Having said all this, a break of the 7sma on Daily for me (10426pts), and its shorts on again.
  • #17,667
  • Dec 16, 2015 1:06am Dec 16, 2015 1:06am
Quoting PariCovek
{quote} PLUS - All Equities markets are up today, and Oil has rallied from below USD35/bbl only 2 days ago, to above USD38/bbl. Enough said from me. Having said all this, a break of the 7sma on Daily for me (10426pts), and its shorts on again.
Long 1 mini, at 10481. No TP set yet. Will add if we dip on XO.

Will introduce shorts if we start to break below 10420s (7sma on Daily).
  • #17,668
  • Dec 16, 2015 2:02am Dec 16, 2015 2:02am
GM,
long 10, 478 sl 10, 460
  • #17,669
  • Dec 16, 2015 2:03am Dec 16, 2015 2:03am
Quoting Decu33
GM, long 10, 478 sl 10, 460
sl - be
see if it can break 10, 500...
  • #17,670
  • Dec 16, 2015 2:05am Dec 16, 2015 2:05am
Quoting Decu33
{quote} sl - be see if it can break 10, 500...
sl hit
  • #17,671
  • Dec 16, 2015 2:28am Dec 16, 2015 2:28am
DAX cash

R3 10823.6
R2 10656.4
R1 10559.6
PP 10392.4
S1 10295.6
S2 10128.4
S3 10031.6
  • #17,672
  • Dec 16, 2015 2:29am Dec 16, 2015 2:29am
GM,

Holding longs since yesterday ( at BE atm ).
Pending orders with longs above 10500.

Still, not sure what to do before yellen :/ After last ECB, my pants still arent clean ( washed 3 times, and still dirty ! )
  • #17,673
  • Dec 16, 2015 2:49am Dec 16, 2015 2:49am
December 9th low (@ 10, 450 ) acting as support for now (if broken might act as resistance). to the upside i have 10,500 as immediate resistance
best,
  • #17,674
  • Dec 16, 2015 3:22am Dec 16, 2015 3:22am
Quoting PariCovek
{quote} PLUS - All Equities markets are up today, and Oil has rallied from below USD35/bbl only 2 days ago, to above USD38/bbl. Enough said from me. Having said all this, a break of the 7sma on Daily for me (10426pts), and its shorts on again.
Exited the earlier trade for around +15, after I noticed some short term resistance.

10420s was critical support for me for longer-term up trend as noted above. I bought around 10430, and exited just below 200sma around 10466 for the lower risk trade (2 mini's). Keeping an eye on price action until Fed Funds rate. I've made good ticks today, so I may observe from here, unless we get sudden price movements for the easy scalp.
  • #17,675
  • Dec 16, 2015 3:40am Dec 16, 2015 3:40am
10650??? today?

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practising coitus interruptus
  • #17,676
  • Dec 16, 2015 3:41am Dec 16, 2015 3:41am
Just noticed DOW cash retrace exactly 2/3rds of the down
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  • #17,677
  • Dec 16, 2015 3:48am Dec 16, 2015 3:48am
Is this the top - DAX cash
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  • #17,678
  • Dec 16, 2015 3:50am Dec 16, 2015 3:50am
Short 10484 s/l 10
  • #17,679
  • Dec 16, 2015 3:55am Dec 16, 2015 3:55am
I think FED will rise a bit the rate but with a dovish speech. in order not to sink markets. TWT.
Per aspera ad astra
  • #17,680
  • Dec 16, 2015 4:04am Dec 16, 2015 4:04am
Some price targets for EURUSD based on different scenario's are on these two posts:

http://www.forexfactory.com/showthre...69#post8647169

http://www.forexfactory.com/showthre...84#post8647384

I'm going to analyse some possible traps based on these scenario's as we may get a big move on the Dax after FOMC Fed rate decision. I'll try post them later today.
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