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Carpe diem: Intraday tactics for Dax and Dow

  • #18,281
  • Jan 7, 2016 2:23am Jan 7, 2016 2:23am
Quoting Ziolo
Sad part is...i closed all shorts yesterday....now....what to do ? Short or L ?
Scalp, scalp, scalp!
  • #18,282
  • Jan 7, 2016 2:42am Jan 7, 2016 2:42am
Quoting medici
{quote} Scalp, scalp, scalp!
  • #18,283
  • Jan 7, 2016 3:02am Jan 7, 2016 3:02am
Daily 76.4% + S3 - could be major support?
  • #18,284
  • Jan 7, 2016 3:31am Jan 7, 2016 3:31am
Quoting cat
Daily 76.4% + S3 - could be major support?

What levels??

Dow just had huge volumes ~its 16,500 level suggesting profit taking / buying. IF that area does not hold then I expect another 100 pt drop into a confluence of fibs .....TWT. Dow's down ~220 pts since XO.....DAx only ~130 pts and looking to hold > its 9800 level.

As Medici said - a super scaping day - both ways

PS Currently long at 9826 off that 1m HL....SL now +10

Edit: closed +16 by trailing SL
Trading Levels with WRBs
  • #18,285
  • Jan 7, 2016 3:33am Jan 7, 2016 3:33am
Quoting Islander
{quote} What levels?? Dow just had huge volumes ~its 16,500 level suggesting profit taking / buying. IF that area does not hold the I expect another 100 pt drop into a confluence of fibs .....TWT Dow's down ~220 pts since XO.....DAx only ~130 pts and looking to hold > its 9800 level. As Medici - a super scaping day - both ways PS Currently long at 9826 off that 1m HL....SL now +10
9814
  • #18,286
  • Jan 7, 2016 3:37am Jan 7, 2016 3:37am
Quoting PariCovek
{quote} You would think that the Dax will break below the 10,000pts level, unless the Chinese Govt intervenes today and boosts their markets in the afternoon, causing other markets to rally this afternoon.
Blew my trading limits on pre-trade hour and nearly did my balls. Recovered it all in the last 2 hours. Hardcore trading.

I think we may have some carnage over the next couple of days. I don't expect a solid reversal for another week.
  • #18,287
  • Jan 7, 2016 3:48am Jan 7, 2016 3:48am
Quoting cat
{quote} 9814
Thanks.

Dow's low at 16,483 was just above my 5m chart's fib 261.8 expansion and its trying to hold a HL ~the BRN.

Now I bought DAx at 9835 after a potential HL at 9824. SL -10

Edit: SL to +10

Edit: closed +15 by trailing SL
Trading Levels with WRBs
  • #18,288
  • Jan 7, 2016 4:01am Jan 7, 2016 4:01am
9200 for longs if the China thing holds for some time with 9650 as intermediate place to hold, otherwise if it doesn't hold, then we can go down to pre-historic 8k levels. For daytrade I am getting burned longing ES every now and then so I am staying out of dax due to clouded mind.
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  • #18,289
  • Jan 7, 2016 4:02am Jan 7, 2016 4:02am
's had a rocket up its ar*e with ~100 pip rally since XO - now pulling back which should help Dax to bounce....
Trading Levels with WRBs
  • #18,290
  • Jan 7, 2016 4:02am Jan 7, 2016 4:02am
Quoting Islander
{quote} Thanks. Dow's low at 16,483 was just above my 5m chart's fib 261.8 expansion and its trying to hold a HL ~the BRN. Now I bought DAx at 9835 after a potential HL at 9824. SL -10 Edit: SL to +10 Edit: closed +15 by trailing SL
  • #18,291
  • Jan 7, 2016 4:03am Jan 7, 2016 4:03am
Quoting Islander
{quote} Thanks. Dow's low at 16,483 was just above my 5m chart's fib 261.8 expansion and its trying to hold a HL ~the BRN. Now I bought DAx at 9835 after a potential HL at 9824. SL -10 Edit: SL to +10 Edit: closed +15 by trailing SL
I got a good feeling we see 9400 soon. Based on Taiwan's previous government intervention along with China's previous government intervention not kicking in is a bad sign. The fact that they through the towel in and said "Fuck this" in China (just shut the whole market down) is not a good sign. We could still see circuit breaker triggers tested today when market opens in New York. There is talk about testing market bottom without government intervention now http://www.businessinsider.com/richa...omments-2016-1
  • #18,292
  • Jan 7, 2016 4:10am Jan 7, 2016 4:10am
Quoting sakisf
9200 for longs if the China thing holds for some time with 9650 as intermediate place to hold, otherwise if it doesn't hold, then we can go down to pre-historic 8k levels. For daytrade I am getting burned longing ES every now and then so I am staying out of dax due to clouded mind. {image}
If you think we may see a bounce and want to buy I would buy very very little especially before market opens in America. It is this bloody in America and market has not even opened yet. Futures alone are bloody. Too early for a bounce. In Asia I reckon the Chinese get some sort of a bounce before Chinese New Years (this is a given thing almost every year). I hardly doubt the Chinese would allow their people to go through Chinese New Years without any money to fill them red envelopes.
From what I heard from my friends in America is that they have not received many big orders from customers at CES show in Las Vegas. This means retail sales numbers are bad which will affect earnings which affect stock prices.
  • #18,293
  • Jan 7, 2016 4:13am Jan 7, 2016 4:13am
Quoting stylinex
{quote} I got a good feeling we see 9400 soon. Based on Taiwan's previous government intervention along with China's previous government intervention not kicking in is a bad sign. The fact that they through the towel in and said "Fuck this" in China (just shut the whole market down) is not a good sign. We could still see circuit breaker triggers tested today when market opens in New York. There is talk about testing market bottom without government intervention now http://www.businessinsider.com/richa...omments-2016-1
It's far from the limits for now: http://www.cmegroup.com/trading/equi..._hsmi=24958288. They were closer on 4/1. Does Eurex have a similar page for dax/eurostoxx?

SP now is only 50 points from limit down.

Quoting stylinex
{quote} If you think we may see a bounce and want to buy I would buy very very little especially before market opens in America. It is this bloody in America and market has not even opened yet. Futures alone are bloody. Too early for a bounce. In Asia I reckon the Chinese get some sort of a bounce before Chinese New Years (this is a given thing almost every year). I hardly doubt the Chinese would allow their people to go through Chinese New Years without any money to fill them red envelopes. From what I heard from my friends in America is that they...
I knew I should have stayed out from longs when I saw that Asia/Europe session was having a bigger time range (8tick range charts) from NY. Same thing happened yesterday too. Well "I knew" with "I did" doesn't always coincide
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  • #18,294
  • Jan 7, 2016 4:32am Jan 7, 2016 4:32am
As an Intra Day trader, I only look at the 4 hr and daily charts to see IF an important level is within the expected daily range.

However, I cant help but consider the daily chart where we are in a potential Elliot Wave 3 fall where W3 = W1 at 9570 and the 1.61 expansion is at 9285 ( a nice EW W3 target) and also close to the September 2015 low at 9301.

As the quote says......large moves go further and last longer than most traders anticipate
Trading Levels with WRBs
  • #18,295
  • Jan 7, 2016 4:35am Jan 7, 2016 4:35am
As is often the case, Dow is a smoother ride than Dax
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Trading Levels with WRBs
  • #18,296
  • Jan 7, 2016 4:55am Jan 7, 2016 4:55am
Quoting Islander
As is often the case, Dow is a smoother ride than Dax {image}
DAX has larger gains and drops compared to DOW it seems as percentage gains and losses can be quite a bit more.
  • #18,297
  • Jan 7, 2016 4:55am Jan 7, 2016 4:55am
Heading for S2 @ 9954.6?
  • #18,298
  • Jan 7, 2016 5:00am Jan 7, 2016 5:00am
sell order 9906
  • #18,299
  • Jan 7, 2016 6:05am Jan 7, 2016 6:05am
Why I think the great Crash is here.

SP500 is on the verge of a Crash based on the 7sma now crossing beneath the 20sma on the Monthly chart along with Bearish Divergence on MACD and RSI. These three indicators look very similar as it is now, in comparison to the last 2 crashes (vertical lines).

We all know if US Equities crash, then all Equities markets will crash. Especially with the no2 economy in the world already in the middle of a crash (china).
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  • #18,300
  • Jan 7, 2016 8:01am Jan 7, 2016 8:01am
Both positions covered by SL for +87pips and +13pips
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