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Carpe diem: Intraday tactics for Dax and Dow

  • #18,121
  • Dec 22, 2015 12:44pm Dec 22, 2015 12:44pm
Quoting cat
A few of you may be interested to see how relatively easy high probability trades can be taken off of the big moving averages such as the 200ema/sma and 100sma, as long as you have momentum in your favour. If you miss the initial move, always wait for the price to come back to one of the moving averages, watch the candles closely, and pick your moment just before it moves off. A perfect example of this was on offer this morning at about 08.45 London time. You do need to be trading the small time frames to get these though, often 1 min is not small...
#18'119

nice charts!
FXcube
  • #18,122
  • Dec 22, 2015 1:00pm Dec 22, 2015 1:00pm
Quoting avibe
{quote} thanks for this tip...gonna backtest it and see how it pans out.
Like anything, it can't be relied upon in isolation. You need to use different time frames so that you know where the main areas of S&R are likely to be, which way momentum lies, if there is any, and whether the price is more likely to roll over or keep going. Back test it, and play around with different moving averages as well apart from the big ones, because they can aid you, along with the candles and trend lines where possible, in knowing which way the price is likely to move and also where to enter the trade. Good luck!
  • #18,123
  • Dec 22, 2015 1:01pm Dec 22, 2015 1:01pm
Quoting Forexcube
{quote} #18'119 nice charts! FXcube
thinned down a bit, but the basics are there.
  • #18,124
  • Dec 22, 2015 9:40pm Dec 22, 2015 9:40pm
Hey,

A special thank you to all that posted their strategies in the last day or so. Good so see so many people sharing the love with others.

All the best

D...
  • #18,125
  • Dec 23, 2015 12:40am Dec 23, 2015 12:40am
Certain sense of Deja Vu with the Dax opening at the same price at the beginning of pre-trade hour from yesterday. Only this time we have gapped up, instead of gapped down.

On the Daily chart, 2 days ago we have a Shooting Star, and yesterday a Hammer. What next!? Hmmmm....

  • #18,126
  • Dec 23, 2015 1:29am Dec 23, 2015 1:29am
Quoting PariCovek
Certain sense of Deja Vu with the Dax opening at the same price at the beginning of pre-trade hour from yesterday. Only this time we have gapped up, instead of gapped down. On the Daily chart, 2 days ago we have a Shooting Star, and yesterday a Hammer. What next!? Hmmmm....

rollercoster again
  • #18,127
  • Dec 23, 2015 2:11am Dec 23, 2015 2:11am
Dax, sell 10640, sl 645

Edit: Sl hited. Could it be we go higher ? hmmm
  • #18,128
  • Dec 23, 2015 2:32am Dec 23, 2015 2:32am
Quoting PariCovek
Certain sense of Deja Vu with the Dax opening at the same price at the beginning of pre-trade hour from yesterday. Only this time we have gapped up, instead of gapped down. On the Daily chart, 2 days ago we have a Shooting Star, and yesterday a Hammer. What next!? Hmmmm....
Went long 4 mini contracts on 200sma on 1m in pre-trade hour. Closed 2 mini contracts after +15 about a min before XO. Close the third at the BRN of 10600 for +25, and the last at 10610 for +35.

Then went long again with 2 mini's once the hammer was formed and green candle on 9.05am CET, closed first mini for +20, and the last mini for +30.

I could see clear skies once we passed 10621 to about 10663 (23.6% Fib) which it cleared, the next major hurdle was the 20sma on Daily at 10692, which looks like it may be resistance for the day. So I was keen to sit on the sidelines and observe having done my damage early in the day.
  • #18,129
  • Dec 23, 2015 2:37am Dec 23, 2015 2:37am
Quoting PariCovek
{quote} Went long 4 mini contracts on 200sma on 1m in pre-trade hour. Closed 2 mini contracts after +15 about a min before XO. Close the third at the BRN of 10600 for +25, and the last at 10610 for +35. Then went long again with 2 mini's once the hammer was formed and green candle on 9.05am CET, closed first mini for +20, and the last mini for +30. I could see clear skies once we passed 10621 to about 10663 (23.6% Fib) which it cleared, the next major hurdle was the 20sma on Daily at 10692, which looks like it may be resistance for the day. So I...
Btw... if we can't clear 20sma today on Daily, then we are back in downtrend according to me, but not sure how deep we will go in the short term.
  • #18,130
  • Dec 23, 2015 2:44am Dec 23, 2015 2:44am
10650 is a big resistance under it i will try shorts.
  • #18,131
  • Edited 3:17am Dec 23, 2015 3:02am | Edited 3:17am
Now, im hoping for some pump, hopefully around 10680, then double TOP and shorts are ON.
Got pending sell stop under 10620.

My guess ist we had another pump, like the days before.
  • #18,132
  • Dec 23, 2015 4:04am Dec 23, 2015 4:04am
Quoting Ziolo
Now, im hoping for some pump, hopefully around 10680, then double TOP and shorts are ON. Got pending sell stop under 10620. My guess ist we had another pump, like the days before.
Looking for a break above 720 today on the back of good US data that will push down the Euro - Bullish Pin Yesterday and trapping shorts.
  • #18,133
  • Dec 23, 2015 4:16am Dec 23, 2015 4:16am
You might be right, since we still dint fall under 10620-30.
Could be, they agther power to bereak aboove 10680
  • #18,134
  • Dec 23, 2015 4:48am Dec 23, 2015 4:48am
10661 - short
SL 10663
  • #18,135
  • Dec 23, 2015 5:04am Dec 23, 2015 5:04am
DAX, Daily, 2015 December 23
Attached Image (click to enlarge)
Click to Enlarge Name: DAX, Daily, 2015 December 23.jpg Size: 139 KB
  • #18,136
  • Dec 23, 2015 5:22am Dec 23, 2015 5:22am
Quoting Forexcube
Long @ 17'320 (x5)
#18'033

Exit @ 17'480, +160 (x5 = 800)
  • #18,137
  • Dec 23, 2015 5:25am Dec 23, 2015 5:25am
...no more trades (bigger investments) into the market during the holy days of obligation.
FXcube
  • #18,138
  • Dec 23, 2015 8:03am Dec 23, 2015 8:03am
10680 holding strong for downside moves for now
  • #18,139
  • Dec 23, 2015 8:07am Dec 23, 2015 8:07am
Quoting PariCovek
{quote} Went long 4 mini contracts on 200sma on 1m in pre-trade hour. Closed 2 mini contracts after +15 about a min before XO. Close the third at the BRN of 10600 for +25, and the last at 10610 for +35. Then went long again with 2 mini's once the hammer was formed and green candle on 9.05am CET, closed first mini for +20, and the last mini for +30. I could see clear skies once we passed 10621 to about 10663 (23.6% Fib) which it cleared, the next major hurdle was the 20sma on Daily at 10692, which looks like it may be resistance for the day. So I...
10690s proving to be a bit of resistance all day. Maybe the Yanks can bust this market north on NYSE... or not. Let's see.
  • #18,140
  • Dec 23, 2015 9:27am Dec 23, 2015 9:27am
Quoting PariCovek
{quote} 10690s proving to be a bit of resistance all day. Maybe the Yanks can bust this market north on NYSE... or not. Let's see.
Soon as I saw it break 10700 after NYSE open, I hit 3 mini long trades @ 10705. As I had been waiting for this all day. It was moving a bit slow just below 10720s, so I banked 2 mini long's for +10 where the price was stalling, and left the remaining to close for +34 (barely left a point to spare).
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