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Attachments: Carpe diem: Intraday tactics for Dax and Dow
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Carpe diem: Intraday tactics for Dax and Dow

Quoting Pattrader
{quote} 1st tp@9850 hit +80
Nice.. I expected the drop after the pop as well.
Quoting PariCovek
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.
Was waiting for 9815, but soon as I saw EUR dropping and break on 7sma on 2m to upside, I took long entries. 2 mini's for +15, 1 for +35.
  •  Zinot
  • | Joined Dec 2015 | Status: VUIP - Very UnImportant Person | 138 Posts
seems the 50 fib will bring it up again...
Insanity: doing the same over and over again & expecting different results!
very chopy moves
DAX -- now waiting for an M1-RSI(10) around 30 reading and a start up from that.
  •  Zinot
  • | Joined Dec 2015 | Status: VUIP - Very UnImportant Person | 138 Posts
with the momentum of the early houres I would not be souprised to see 10000 toay...
Insanity: doing the same over and over again & expecting different results!
  • #18,447
  • Quote
  • Edited 7:50am Jan 11, 2016 6:51am | Edited 7:50am
Quoting medici
{quote} Ok, so you don't have any experience of their execution!?
Not as yet. That's next on the TODO list. Albeit at minimum size!

Quote
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.

I'm hoping to avoid having to roll my sleeves up in order to get to grips with ProOrder, but time will tell.

Quote
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.

I'm also hoping for "unparalleled liquidity and execution at fixed spread", but much more investigation is required at this end before I'm convinced about it. See above!

Quote
Happy to compare notes/charts

OK - Thanks. I'll be in touch when I've double checked if all the "duplicate quotes" I'm currently throwing away really are duplicates!

Quote
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...

As you put it not so very long ago, "Scalp, scalp, scalp". With or without D1's long bias? That is the question!
My opinion is that we have now had 2 waves up and 2 down and now final 5th which will have its own 5 wave pattern. Possibly now 2 down perhaps to 78.6 retrace but looking with a one touch on DAX cash daily for 10050

This would be the .618 extension from wave 3 top to wave 4 bottom
DAX long @ 9912 SL 9890 TP PA max 9995.
added short at 9910, all sl at 9930
did you see the correlation of dax and usd/jpy today? they move almost the same way.
Quoting Carpathian
DAX long @ 9912 SL 9890 TP PA max 9995.
Closed out @ 9908, lunchtime nihil. And afraid of Letscry's shorts
Quoting Zinot
{quote} 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
Sorry - Missed this earlier. At long last I can see the same thing as you
DAX long @ 9918 SL 9890 TP max 9995. It is going up!
Quoting Pattrader
{quote} 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.
What DAX spread do you see on the IG MT4 feed? Mine is currently showing me 2.3, versus 1.0 via their API feed.
Quoting TradingGurus
{quote} What DAX spread do you see on the IG MT4 feed? Mine is currently showing me 2.3, versus 1.0 via their API feed.
mine also 2.3
Trade what you see not what you think,..happy trading
Quoting Pattrader
{quote} mine also 2.3
also 2.3 here
Quoting mutnuru
{quote} also 2.3 here
Thanks both. Yet another disadvantage to trading via MT4?
The 76.4% level from friday's high lies on top of R1 today, so that may send it back down if it gets there, but into another Friday like sell off? I don't think so. Today we have H2 diversion with MACD which we didn't have all last week, so although it may well come down a bit, I think support may come in to send it back up, though I wouldn't like to try and put a level on that support just yet.
Quoting TradingGurus
{quote} Thanks both. Yet another disadvantage to trading via MT4?
Definitely. I just use their MT4 for analyses and enter the trades through either their web platform or Prorealtime.
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