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Carpe diem: Intraday tactics for Dax and Dow

  • #18,981
  • Jan 19, 2016 9:39pm Jan 19, 2016 9:39pm
Quoting Forexcube
{quote} ...let's see. FXcube
Not looking good here in Asia this morning. Pretty bloody. I reckon DAX follows today. The export numbers out of Asia are pretty bad which means sales and consumption abroad are bad.
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  • #18,982
  • Edited Jan 20, 2016 12:28am Jan 19, 2016 10:04pm | Edited Jan 20, 2016 12:28am
Quoting medici
{quote} Fine, but your "but" came with an, as yet, unrealised "if". The large oil companies have over recent months moved largely with their indices, and are doing better than the indices today, while the oil price is calmly consolidating around $30.
Just a couple of articles on this topic that were in Today's local news. I expect provisioning to occur soon in Australian Banking, and I personally think Oil price will remain at these levels for some time. Having looked into the cost of production of Oil, in Australia and surrounds its roughly +USD40/bbl for onshore, and +USD50/bbl for offshore under conventional methods, and in Northern America under fracking technologies its roughly +USD55/bbl and Tar Sands is +USD60/bbl. Oil below USD29/bbl, will surely test the cash flows in this sector.

http://www.theage.com.au/business/en...19-gm9hx7.html

http://www.interest.co.nz/opinion/79...systemic-risks

One thing I've learnt in Banking is that when they start to go into damage control with provisioning losses, they exit certain industries and restrict credit growth in general, which can lower economic growth.
  • #18,983
  • Jan 20, 2016 12:50am Jan 20, 2016 12:50am
Today's key resistance Levels:

9,590.30: 4H - 7 SMA
9,584.50: 1H - 20 SMA
9,576.30: 5M - 200 SMA
9,567.70: 4H - 20 SMA
9,542.80: S1
9,474.70: 1H - 7 SMA
9,440.10: 1M - 200 SMA

Today's key supports:
9,400.00: BRN
9,360.80: S2
9,301.00: Fib 100%/BRN
9,252.50: S3

Good luck!
  • #18,984
  • Jan 20, 2016 1:14am Jan 20, 2016 1:14am
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
We sure did see 9400 pretty quick. Broke through that one alright.. Going to be bloody today
  • #18,985
  • Jan 20, 2016 1:20am Jan 20, 2016 1:20am
Quoting stylinex
{quote} We sure did see 9400 pretty quick. Broke through that one alright.. Going to be bloody today
Not necessarily, we're sitting on the weekly 200ema/76.4%, and this could lift it, maybe it'l drop a bit, but I expect us to come up. We'll see.
  • #18,986
  • Jan 20, 2016 1:20am Jan 20, 2016 1:20am
Not looking too good except for those holding short positions
http://www.telegraph.co.uk/finance/f...k-veteran.html
  • #18,987
  • Jan 20, 2016 1:29am Jan 20, 2016 1:29am
Quoting stylinex
Not looking too good except for those holding short positions http://www.telegraph.co.uk/finance/f...k-veteran.html
That may well be, but let's take a day at a time
  • #18,988
  • Jan 20, 2016 2:27am Jan 20, 2016 2:27am
GM, the price will seek the support of 9313
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  • #18,989
  • Jan 20, 2016 2:32am Jan 20, 2016 2:32am
Quoting PariCovek
{quote} Just a couple of articles on this topic that were in Today's local news. I expect provisioning to occur soon in Australian Banking, and I personally think Oil price will remain at these levels for some time. Having looked into the cost of production of Oil, in Australia and surrounds its roughly +USD40/bbl for onshore, and +USD50/bbl for offshore under conventional methods, and in Northern America under fracking technologies its roughly +USD55/bbl and Tar Sands is +USD60/bbl. Oil below USD29/bbl, will surely test the cash flows in this sector....
Thank you for interesting reading and discussion. Yes, the oil rout has a devastating impact, locally, on parts of the oil supply chain. Still, lower oil prices is a good thing for the economy as a whole. To find the deeper causes of the sell-off, one needs to look at monetary policy and economic growth. See:

http://www.bloombergview.com/articles/2016-01-19/the-deeper-causes-of-the-global-stocks-rout
  • #18,990
  • Jan 20, 2016 2:35am Jan 20, 2016 2:35am
I have the 76.4% @ 9,308, and the weekly 200ema @ 9,294 ( sorry, make that 9330 ) - key levels!
  • #18,991
  • Jan 20, 2016 2:43am Jan 20, 2016 2:43am
Dow's overninght cash low was 15,697 an hour before the Eurex Open.

A few moments ago it made a new low at 15,644 with Dax now testing its Eurex Open at 9350 cash. So far these levels look to be holding. I bought Dax Cash at 9356, SL now +10.

Now waiting to see if their respective BRNs get broken to the upside - failing this I can see the 15,600 and 9300 levels being tested.......TWT
Trading Levels with WRBs
  • #18,992
  • Jan 20, 2016 2:44am Jan 20, 2016 2:44am
Quoting Islander
Dow's overninght cash low was 15,697 an hour before the Eurex Open. A few moments ago it made a new low at 15,644 with Dax now testing its Eurex Open at 9350 cash. So far these levels look to be holding. I bought Dax Cash at 9356, SL now +10. Now waiting to see if their respective BRNs get broken to the upside - failing this I can see the 15,600 and 9300 levels being tested.......TWT

+10 as a stop loss in this???? isnt that super tight?????
  • #18,993
  • Jan 20, 2016 3:05am Jan 20, 2016 3:05am
Quoting Cprice76
{quote} +10 as a stop loss in this???? isnt that super tight?????
Like Deltaone, I work with a 10 pt max SL.....here, my final was +20 OCO +40 and the SL took me out for +20 as price failed to reach the BRN.

Currently I sold 9369 , SL now +1

Edit SL to +10

Edit: SL to +20 OCO +40
Trading Levels with WRBs
  • #18,994
  • Jan 20, 2016 3:14am Jan 20, 2016 3:14am
Quoting Islander
{quote} Like Deltaone, I work with a 10 pt max SL.....here, my final was +20 OCO +40 and the SL took me out for +20 as price failed to reach the BRN. Currently I sold 9369 , SL now +1 Edit SL to +10 Edit: SL to +20 OCO +40

Out +40 at TP

Sold 9353 SL now +1

Edit: SL to +20 OCO +50
Trading Levels with WRBs
  • #18,995
  • Jan 20, 2016 3:16am Jan 20, 2016 3:16am
Quoting Islander
{quote} Out +40 at TP Sold 9353 SL now +1

Cool, so u use +40 as your target point???
  • #18,996
  • Jan 20, 2016 3:23am Jan 20, 2016 3:23am
Quoting Islander
{quote} Out +40 at TP Sold 9353 SL now +1 Edit: SL to +20 OCO +50

Closed +20 on SL
Trading Levels with WRBs
  • #18,997
  • Jan 20, 2016 3:24am Jan 20, 2016 3:24am
Quoting medici
{quote} Thank you for interesting reading and discussion. Yes, the oil rout has a devastating impact, locally, on parts of the oil supply chain. Still, lower oil prices is a good thing for the economy as a whole. To find the deeper causes of the sell-off, one needs to look at monetary policy and economic growth. See: http://www.bloombergview.com/articles/2016-01-19/the-deeper-causes-of-the-global-stocks-rout...
Yes, agree. Thanks
  • #18,998
  • Jan 20, 2016 3:25am Jan 20, 2016 3:25am
Quoting Cprice76
{quote} Cool, so u use +40 as your target point???

No, target will vary from +30 to +60 except in fast moves, when I only use a trail
Trading Levels with WRBs
  • #18,999
  • Jan 20, 2016 3:25am Jan 20, 2016 3:25am
[quote = jmss59; 8700013] GM, el precio será buscar el apoyo de 9313 {image} [/ quote]
mmmmmmm has lacked 2 pips, it is now possible to retest the level
  • #19,000
  • Jan 20, 2016 3:29am Jan 20, 2016 3:29am
Quoting jmss59
[quote = jmss59; 8700013] GM, el precio ser buscar el apoyo de 9313 {image} [/ quote] mmmmmmm has lacked 2 pips, it is now possible to retest the level
I was wondering why you're on my ignore list...now I know.
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