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Carpe diem: Intraday tactics for Dax and Dow

  • #18,781
  • Jan 14, 2016 10:11am Jan 14, 2016 10:11am
Quoting Forexcube
DAX, Short @ 9'835 (3x)
#18'780

Exit @ 4'820, +15 (x3 = 45)
  • #18,782
  • Jan 14, 2016 10:24am Jan 14, 2016 10:24am
These pops create good new short entry opportunities
  • #18,783
  • Jan 14, 2016 10:54am Jan 14, 2016 10:54am
Quoting Forexcube
...Oh, yes, I've to wait! That's all! If not I hedge this order several times or I execute a lot of scalping orders to minimize the loss. It's #18'687, exclusively the only one open Long into market currently. ...
Hello FXcube, what do you mean hedge that order several times? How do you do that? thanks
  • #18,784
  • Jan 14, 2016 11:07am Jan 14, 2016 11:07am
Quoting Carpathian
{quote} Hello FXcube, what do you mean hedge that order several times? How do you do that? thanks
Carpathian, I would say that as FxCube was long but price moved lower he sold at at least the same volume (but maybe more) to prevent a negative impact on his account. As price found support and started to climb he may take his profit from the sell and then watch for it to hit resistance again. If price turns down again at resistance then he might sell again and repeat the process. This process can be repeated over and over. Ultimately the long can be closed for a loss if you don't think that price will return to that point but I presume FxCube will leave it open until he can close in profit.
Indentify > Plan > Accept > Execute
  • #18,785
  • Edited 12:20pm Jan 14, 2016 12:07pm | Edited 12:20pm
price bounced off that tl ,you wont change weekly ,inverted hammer now , wick to north holds bears
for me it wants to retrace ,
don't get me wrong longer term I'm a bear
I'm learning wave in simplest terms altered it a bit still fits I'm thinking

Quoting Bones
confirmation for inverted hammer .? {image} {image} {image}
Attached Image(s) (click to enlarge)
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #18,786
  • Edited 1:33pm Jan 14, 2016 1:08pm | Edited 1:33pm
if the rebound is consolidated and breaks the level 8, 4H chart, means that the price can become bullish, if it fails to break the 8th level, will only reverse the bearish wave 9 and will continue to be bearish
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  • #18,787
  • Jan 14, 2016 1:48pm Jan 14, 2016 1:48pm
7m chart
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  • #18,788
  • Jan 14, 2016 5:25pm Jan 14, 2016 5:25pm
waitting for dow short
  • #18,789
  • Jan 14, 2016 5:34pm Jan 14, 2016 5:34pm
Quoting wizlon32
{quote} Carpathian, I would say that as FxCube was long but price moved lower he sold at at least the same volume (but maybe more) to prevent a negative impact on his account. As price found support and started to climb he may take his profit from the sell and then watch for it to hit resistance again. If price turns down again at resistance then he might sell again and repeat the process. This process can be repeated over and over. Ultimately the long can be closed for a loss if you don't think that price will return to that point but I presume...
#18'785


That's the point!
I could not have put it better.
Ich hätte es nicht besser sagen können!
FXcube
  • #18,790
  • Jan 14, 2016 5:38pm Jan 14, 2016 5:38pm
Quoting Carpathian
{quote} Hello FXcube, what do you mean hedge that order several times? How do you do that? thanks
#18'784

See #18'790, please, ...by comparing multiple time frames.
FXcube
  • #18,791
  • Jan 14, 2016 7:06pm Jan 14, 2016 7:06pm
new month opens new sellers arrive ,the open this month is a major problem for the bulls if weekly allows retrace ,weekly fails straight off bat would be super bearish ,
Attached Image (click to enlarge)
Click to Enlarge Name: Germany 30 (DFB).png Size: 19 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #18,792
  • Jan 15, 2016 12:49am Jan 15, 2016 12:49am
Interesting setup today. Daily TF shows an Inverted Hammer next to a double bottom, could be a bullish reversal signal, but there is a bit of resistance ahead and Asia session was down again. EUR staying flat around 1.088. Weekly TF looks a bit suspect, with an Inverted Hammer touching the bottom of the long-term uptrend.

Might wait for a drop on open I think, perhaps just after XO.

Here are some major resistance levels to consider today:
10,000.7pts: 1H - 200 SMA
9,921.4pts: Fib 76.4%
9,915.2pts: 4H - 20 SMA
9,903.4pts: Daily - 7 SMA
9,841.8pts: 5M - 200 SMA
9,830.84pts: H - 7 SMA
9,828pts: 1H - 20 SMA
9,823.9pts: DPP
9,822.2pts: 1H - 7 SMA
9,796.4pts: 1M - 200 SMA

Major support levels:
9,700pts: BRN
9,626.4pts: Fib 100%
9,600pts: BRN
9,530.1pts: S1
9,500pts: BRN
9,318pts: S2
9,024.2pts: S3

Good luck.
  • #18,793
  • Jan 15, 2016 1:15am Jan 15, 2016 1:15am
Quoting PariCovek
Interesting setup today. Daily TF shows an Inverted Hammer next to a double bottom, could be a bullish reversal signal, but there is a bit of resistance ahead and Asia session was down again. EUR staying flat around 1.088. Weekly TF looks a bit suspect, with an Inverted Hammer touching the bottom of the long-term uptrend. Might wait for a drop on open I think, perhaps just after XO. Here are some major resistance levels to consider today: 10,000.7pts: 1H - 200 SMA 9,921.4pts: Fib 76.4% 9,915.2pts: 4H - 20 SMA 9,903.4pts: Daily - 7 SMA 9,841.8pts:...
Took the first trade this morning for 20pts. Entered at 9730pts on the hammer on 1m, then exited at 9750pts just as it approached the 20sma on 1m, usually a good resistance point and to me, banking the trade is a lower risk as there is a chance the price could reject at the 20sma if in serious downtrend.
  • #18,794
  • Jan 15, 2016 1:26am Jan 15, 2016 1:26am
good morning,

like Pari stated: a very interesting day ahead - not only from a technical view.

1) single stock options and index options on dax expire today (settlement around 13:00 cet)
2) earning season: blackrock, citi, wells fargo
3) macro-data flood in the afternoon

(and lord draghila is in berlin, talking with merkel)

good luck!
fortis fortuna adiuvat
  • #18,795
  • Jan 15, 2016 1:55am Jan 15, 2016 1:55am
Looks like we could play out between the 61.4% fibs this morning at least, the low being 9,740, and the high at 9,858. My bias is up for now until we reach the upper level , and higher towards the 30m 200ema is a possibility at 9,910. Lower than 9,740 we have the 76.4% at 9,690, and lower than that and it will probably go for new lows, though I would be surprised as I think we may have already seen the low today. As always, TWT!
  • #18,796
  • Jan 15, 2016 2:01am Jan 15, 2016 2:01am
long @9775,1 sl -10 tp +30
fortis fortuna adiuvat
  • #18,797
  • Jan 15, 2016 2:01am Jan 15, 2016 2:01am
Quoting deltaone
long @9775,1 sl -10 tp +30
sl = be now.
fortis fortuna adiuvat
  • #18,798
  • Jan 15, 2016 2:03am Jan 15, 2016 2:03am
Quoting deltaone
{quote} sl = be now.
tp hit. +30
fortis fortuna adiuvat
  • #18,799
  • Jan 15, 2016 2:05am Jan 15, 2016 2:05am
long @9825,6 sl -10 tp +30
fortis fortuna adiuvat
  • #18,800
  • Jan 15, 2016 2:06am Jan 15, 2016 2:06am
Quoting deltaone
long @9825,6 sl -10 tp +30
sl hit. -10
fortis fortuna adiuvat
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