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Carpe diem: Intraday tactics for Dax and Dow

  • #18,421
  • Jan 11, 2016 2:54am Jan 11, 2016 2:54am
Quoting deltaone
{quote} tp hit. +30 again. good enough for the moment.
Well done x3. The long bias is certainly working well this morning!
  • #18,422
  • Jan 11, 2016 3:04am Jan 11, 2016 3:04am
Quoting deltaone
{quote} tp hit. +30 again. good enough for the moment.
I would say that is good enough
  • #18,423
  • Jan 11, 2016 3:06am Jan 11, 2016 3:06am
Quoting stylinex
{quote} I would say that is good enough
Quoting TradingGurus
{quote} Well done x3. The long bias is certainly working well this morning!
thx. time for a break.
fortis fortuna adiuvat
  • #18,424
  • Jan 11, 2016 3:06am Jan 11, 2016 3:06am
I opened up a large short position now. Although in my book this is a big no no on Mondays... Will keep a short stop loss just in case but I reckon this is a good entry point. All of Asia finished in the red and oil prices are still dropping so the trend as I see is still down unless a miracle takes place on Wall Street today and we do a 360 degree reversal.
  • #18,425
  • Jan 11, 2016 3:08am Jan 11, 2016 3:08am
Interesting to see it played out today with part of asian markets closed,
i might see testing 10.000 level this morning or after newyork open, unclear 4 me for now.
i'll favor short retrace up to new york open 2 9850 or even 9750 area,
i'll wait and see if that works out 4 me.
Trade what you see not what you think,..happy trading
  • #18,426
  • Jan 11, 2016 3:11am Jan 11, 2016 3:11am
  •  Zinot
  • | Joined Dec 2015 | Status: VUIP - Very UnImportant Person | 138 Posts
Quoting deltaone
{quote} {quote} thx. time for a break.
well earned break i think :-)

I am still in with open range breakout of DAX long @ 9839
Insanity: doing the same over and over again & expecting different results!
  • #18,427
  • Jan 11, 2016 3:20am Jan 11, 2016 3:20am
Quoting Zinot
{quote} well earned break i think :-) I am still in with open range breakout of DAX long @ 9839
How do you define the "opening range" for the DAX?
  • #18,428
  • Jan 11, 2016 3:29am Jan 11, 2016 3:29am
  •  Zinot
  • | Joined Dec 2015 | Status: VUIP - Very UnImportant Person | 138 Posts
Highest - Lowest for the time of ~9am - ~10am
Insanity: doing the same over and over again & expecting different results!
  • #18,429
  • Jan 11, 2016 3:48am Jan 11, 2016 3:48am
Quoting Zinot
Highest - Lowest for the time of ~9am - ~10am
European time zone? Which instrument/broker?

I ask because although I happily admit that I'm going blind I can't see a high of 9839 or thereabouts on any of my H1 charts, and neither can my range breakout "robots". Hence I am somewhat intrigued!
  • #18,430
  • Jan 11, 2016 3:59am Jan 11, 2016 3:59am
  •  Zinot
  • | Joined Dec 2015 | Status: VUIP - Very UnImportant Person | 138 Posts
Sry this is correct: ~8am - ~9am

European time zone. DAX March CFD with Activetrades. The high was 9835 and I added some points.
Insanity: doing the same over and over again & expecting different results!
  • #18,431
  • Jan 11, 2016 4:33am Jan 11, 2016 4:33am
Quoting TradingGurus
{quote} My perspective is that I've been ignoring IG for decades. Firstly because for a long time they provided no automated trading API. Secondly because when they did get around to providing such a thing it wasn't up to much. However following D1's recommendation around the time of the November NFP I'm now taking a (long overdue?) closer look. The source of the data is a (currently unfunded!) live IG spread betting account via their "streaming API". However since the software that interfaces...
Ok, so you don't have any experience of their execution!? Fortunately, their execution engine is separate from the various clunky front-ends, which don't seem to be improving much in spite of the developments going on. But ProRealTime and ProOrder (the corresponding API) I can live with.

My take on it is that the liquidity and execution are unparalleled, and at fixed spread that's very good. Also, as to your charts, one doesn't necessarily get filled on the tick feed only. This is because, unless you trade very large, orders are filled against their book rather than immediately being offset in the market.

Happy to compare notes/charts

Interesting week ahead, I'm sure. As expected, the post-NFP move was to be faded, but next steps more unclear. The world's markets are in unchartered territory in so many ways, so volatility is bound to remain high And a usual day here - up at 6am, qigong, breakfast, and then the screens...
  • #18,432
  • Jan 11, 2016 4:35am Jan 11, 2016 4:35am
Quoting Zinot
Sry this is correct: ~8am - ~9am European time zone. DAX March CFD with Activetrades. The high was 9835 and I added some points.
Thanks for the extra info, but I'm still intrigued. I fired up an ageing ActivTrades MT4 SB account on which I see a high bid of 9821 for that bar on an H1 chart of Ger30Sb316?
  • #18,433
  • Jan 11, 2016 4:40am Jan 11, 2016 4:40am
hi all hope u all have a nice week, there was a quick upside move at the opening but under 10000 i will keep on shorting dax, i am short from 9936 and tp is 9650 area hope it goes, sl at be.
  • #18,434
  • Jan 11, 2016 4:53am Jan 11, 2016 4:53am
Quoting medici
{quote} Ok, so you don't have any experience of their execution!? Fortunately, their execution engine is separate from the various clunky front-ends, which don't seem to be improving much in spite of the developments going on. But ProRealTime and ProOrder (the corresponding API) I can live with. My take on it is that the liquidity and execution are unparalleled, and at fixed spread that's very good. Also, as to your charts, one doesn't necessarily get filled on the tick feed only. This is because, unless you trade very large, orders are filled against...

"Interesting week ahead, I'm sure."

GM - agreed, a nice start to our week and thanks for reminding me to take a look at Quigong, I'd been meaning to ask if you still practiced.....

Best
Trading Levels with WRBs
  • #18,435
  • Jan 11, 2016 4:54am Jan 11, 2016 4:54am
Quoting Pattrader
Interesting to see it played out today with part of asian markets closed, i might see testing 10.000 level this morning or after newyork open, unclear 4 me for now. i'll favor short retrace up to new york open 2 9850 or even 9750 area, i'll wait and see if that works out 4 me.
1st tp@9850 hit +80
Trade what you see not what you think,..happy trading
  • #18,436
  • Jan 11, 2016 4:57am Jan 11, 2016 4:57am
  •  Zinot
  • | Joined Dec 2015 | Status: VUIP - Very UnImportant Person | 138 Posts
Quoting TradingGurus
{quote} Thanks for the extra info, but I'm still intrigued. I fired up an ageing ActivTrades MT4 SB account on which I see a high bid of 9821 for that bar on an H1 chart of Ger30Sb316?
that is what I am seeing but for conservative entries I take the 5min candle of 9am into consideration as well. Which give you something around 9830-9835
Insanity: doing the same over and over again & expecting different results!
  • #18,437
  • Jan 11, 2016 5:00am Jan 11, 2016 5:00am
Quoting Islander
{quote} thanks for reminding me to take a look at Quigong, I'd been meaning to ask if you still practiced..... Best
GM old friend Yes, qigong is part of the daily routine, and not just in the morning. The difference in well-being it makes for is astounding. almost magical. Let me know if you have questions.

And now time to start looking for longs again...
  • #18,438
  • Jan 11, 2016 5:07am Jan 11, 2016 5:07am
Keeping an eye on EURUSD in its bullish mode at the moment.

Considering a long trade at 9815, which is roughly intra-day 50% Fib + 200sma on 2M. If we get there that is.
  • #18,439
  • Jan 11, 2016 5:14am Jan 11, 2016 5:14am
Quoting medici
{quote} Ok, so you don't have any experience of their execution!? Fortunately, their execution engine is separate from the various clunky front-ends, which don't seem to be improving much in spite of the developments going on. But ProRealTime and ProOrder (the corresponding API) I can live with. My take on it is that the liquidity and execution are unparalleled, and at fixed spread that's very good. Also, as to your charts, one doesn't necessarily get filled on the tick feed only. This is because, unless you trade very large, orders are filled against...
Working with their MT4 feed which up to now seems fairly accurate, however I do realize there is some discrepancy which for seem fair with their quite competitive fixed spreads on Dax. For now still ok with it.
Trade what you see not what you think,..happy trading
  • #18,440
  • Edited 5:32am Jan 11, 2016 5:17am | Edited 5:32am
Good Week to All,
DAX waiting for long...

Quoting Zinot
Sry this is correct: ~8am - ~9am European time zone....
Same 'open range' logic for me.
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