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Carpe diem: Intraday tactics for Dax and Dow

  • #19,221
  • Jan 26, 2016 11:45am Jan 26, 2016 11:45am
Quoting cat
Dax just topped I think - 9856?
Agree with that. Looks like it's time to go down south for a while to find some buyers. TWT
Surprised that the shorts haven't kicked in though.
  • #19,222
  • Jan 26, 2016 12:05pm Jan 26, 2016 12:05pm
Quoting Forexcube
{quote} #19'201 Exit @ 9'720, +150 (x3 = 450)
Congrats Forexcube! I followed that trade and I donīt know why you took that great buy. WHY?? :nerd:
What were your main reasons? Thanks for posting your live trades!
  • #19,223
  • Jan 26, 2016 5:37pm Jan 26, 2016 5:37pm
Interesting article that highlights the huge Short positions on CNY; and if CNY depreciates rapidly as predicted, this should cause AUD and most Equities to drop. China is one of Germany's major trading partners (within top 4), so a rapid devaluation on of the CNY signals weakness in the no2 global economy, and also leads to a perception that sales from Germany to China may decrease.

http://www.reuters.com/article/us-ch...-idUSKCN0V41VG
  • #19,224
  • Jan 26, 2016 6:12pm Jan 26, 2016 6:12pm
Quoting Iggo
{quote} Congrats Forexcube! I followed that trade and I dont know why you took that great buy. WHY?? :nerd: What were your main reasons? Thanks for posting your live trades!
#19'223

Thank's Iggo.
The market complete extremely often prior gaps. In this market environment we have had 3 gaps within a couple of time.
I would have buy more Longs till 9'520.
Other arguments can be clearly attributed to major factors of multiple time frame analysis.
Hope it helps!
FXcube

DAX, M30, 2016 January 27
Attached Image (click to enlarge)
Click to Enlarge Name: DAX, M30, 2016 January 27.jpg Size: 233 KB
  • #19,225
  • Jan 27, 2016 12:50am Jan 27, 2016 12:50am
Dax seems to be near last night's close; but as we had a strong Asian session, and Oil is around USD31/bbl, with EURUSD still hovering around 1.085 it has the potential to go up. Having said that, the Dax is in the clear and I only see immediate resistance as follows:
10,025.10: R3
10,000.00: BRN
9,901.50: R2 / BRN

But I wouldn't be surprised if we get a pullback on open to these levels of Key Supports:
9,816.40: 5M - 200 SMA
9,810.10: 1H - 7 SMA
9,808.90: R1
9,805.40: 1H - 20 SMA
9,802.30: Daily - 20 SMA
9,801.70: 1M - 200 SMA
9,769.40: 4H - 7 SMA
9,768.20: 4H - 20 SMA
9,765.60: Fib 76.4%
9,686.00: Daily - 7 SMA
9,685.30: DPP
9,636.20: 1H - 200 SMA
  • #19,226
  • Jan 27, 2016 1:39am Jan 27, 2016 1:39am
GM - my broker has just updated their MT4 and changed from integers to 2 decimal places - they tell me that this is in preparation for changing their prices to make "trading better for me / us" !! Trading Dow priced in 1/10 or 1/100 of a point......who needs that??

However, as I'm used to MT4 charting, I'll stay with it for now and need to know if anyone knows how to set the Sweet Spots indicator to work with these new prices - all I can get is all of the lines bunched together .

I'm using SDX-SweetSpots_v5.2 - there are others, but this is IMO the best

Thanks

Islander
Attached File(s)
File Type: ex4 SDX-SweetSpots_v5.2.ex4   8 KB | 617 downloads
Trading Levels with WRBs
  • #19,227
  • Jan 27, 2016 1:48am Jan 27, 2016 1:48am
Quoting Islander
GM - my broker has just updated their MT4 and changed from integers to 2 decimal places - they tell me that this is in preparation for changing their prices to make "trading better for me / us" !! Trading Dow priced in 1/10 or 1/100 of a point......who needs that?? However, as I'm used to MT4 charting, I'll stay with it for now and need to know if anyone knows how to set the Sweet Spots indicator to work with these new prices - all I can get is all of the lines bunched together . I'm using SDX-SweetSpots_v5.2 - there are others, but this is IMO...
I am in correspondence with said broker, pointing out to them that this is a waste of time and that they need to focus on areas that matter; customer service, execution, spread.
On sweetspots use the old sweetspots indicator and just add zeros to the levels. Works fine.

Speculative Dax long 9802.
SL to BE

Edit:
I know you have the file as you gave it to me but others may have need so attaching

SL to +5
Attached File(s)
File Type: mq4 SweetSpots GOLD.mq4   4 KB | 272 downloads
Katte, kabuto no o wo shime yo. Size doesn't matter, leverage is the killer
  • #19,228
  • Jan 27, 2016 1:58am Jan 27, 2016 1:58am
Quoting revoli
{quote} I am in correspondence with said broker, pointing out to them that this is a waste of time and that they need to focus on areas that matter; customer service, execution, spread. On sweetspots use the old sweetspots indicator and just add zeros to the levels. Works fine. Speculative Dax long 9802. SL to BE Edit: I know you have the file as you gave it to me but others may have need so attaching SL to +5 {file}
Out for 5. Not worth the effort.
Katte, kabuto no o wo shime yo. Size doesn't matter, leverage is the killer
  • #19,229
  • Jan 27, 2016 2:02am Jan 27, 2016 2:02am
Quoting revoli
{quote} I am in correspondence with said broker, pointing out to them that this is a waste of time and that they need to focus on areas that matter; customer service, execution, spread. On sweetspots use the old sweetspots indicator and just add zeros to the levels. Works fine. Speculative Dax long 9802. SL to BE Edit: I know you have the file as you gave it to me but others may have need so attaching SL to +5 {file}

Thanks R - yes, that does work, but it only shows 2 levels, whereas the SDX has 6 available and also puts their prices in the margin and that's what I like

I took a similar buy and scalped +15 to start my day.

PS I spent 5 hours on line to said broker yesterday.....they didnt realise that the Stop Loss function no longer works etc etc
Trading Levels with WRBs
  • #19,230
  • Jan 27, 2016 2:11am Jan 27, 2016 2:11am
Quoting Islander
{quote} Thanks R - yes, that does work, but it only shows 2 levels, whereas the SDX has 6 available and also puts their prices in the margin and that's what I like I took a similar buy and scalped +15 to start my day. PS I spent 5 hours on line to said broker yesterday.....they didnt realise that the Stop Loss function no longer works etc etc
I have a contact in the US side of their operations who seems more switched on. The U.K. guys were useless, ignorant and couldn't care less. I have not experienced the stop loss problem but I am using an EA (Stoploss and Takeprofit manager) to get the initial one in. If you are still stuck there is an EA that will exit all positions when either an account balance is reached or a specified number of pips (say -10).
Attached File(s)
File Type: mq4 CloseByPL_pips.mq4   5 KB | 288 downloads
File Type: mq4 CloseAllAtEquityLevel.mq4   5 KB | 294 downloads
Katte, kabuto no o wo shime yo. Size doesn't matter, leverage is the killer
  • #19,231
  • Jan 27, 2016 2:15am Jan 27, 2016 2:15am
Quoting revoli
{quote} I have a contact in the US side of their operations who seems more switched on. The U.K. guys were useless, ignorant and couldn't care less. I have not experienced the stop loss problem but I am using an EA (Stoploss and Takeprofit manager) to get the initial one in. If you are still stuck there is an EA that will exit all positions when either an account balance is reached or a specified number of pips (say -10).
SL can be set off the chart via click and drag - please send me that EA and I'll give it a try.

Watching this DP / 50 SS area for a possible buy....

Edit: LOL - thanks!
Trading Levels with WRBs
  • #19,232
  • Edited 2:29am Jan 27, 2016 2:19am | Edited 2:29am
Bought on Limit at 9753 SL to -5

Edit: SL +20 OCO +45
Trading Levels with WRBs
  • #19,233
  • Jan 27, 2016 2:24am Jan 27, 2016 2:24am
long at 9765 after evidence of buying at the 50 and pivot. Not convinced about it though
Katte, kabuto no o wo shime yo. Size doesn't matter, leverage is the killer
  • #19,234
  • Jan 27, 2016 2:28am Jan 27, 2016 2:28am
Quoting Islander
Bought on Limit at 9753 SL to -5
I have not yet got the confidence for those but I admire your ability. Something to work on.
SL now +5. I fear my late entry may cause me to be out too early but safety first.
Katte, kabuto no o wo shime yo. Size doesn't matter, leverage is the killer
  • #19,235
  • Jan 27, 2016 2:31am Jan 27, 2016 2:31am
Quoting Islander
Bought on Limit at 9753 SL to -5 Edit: SL +20 OCO +45
Out at TP +45
Trading Levels with WRBs
  • #19,236
  • Jan 27, 2016 2:32am Jan 27, 2016 2:32am
Quoting revoli
{quote} I have not yet got the confidence for those but I admire your ability. Something to work on. SL now +5. I fear my late entry may cause me to be out too early but safety first.

I also watch the Dow
Trading Levels with WRBs
  • #19,237
  • Jan 27, 2016 2:35am Jan 27, 2016 2:35am
Quoting revoli
long at 9765 after evidence of buying at the 50 and pivot. Not convinced about it though
Out at 36. Not awake yet. My Dow monitoring not good.
On those EAs I like the Stoploss and Take Profit manager as I can set my stop to -10 and a TP to 20 which I can then move if I like the setup. Helps with discipline in setting targets. I will attach here in a sc (need diff screen)

Here. Simple which is how I like it.
Attached File(s)
File Type: mq4 StopLoss and TakeProfit Manager.mq4   2 KB | 352 downloads
Katte, kabuto no o wo shime yo. Size doesn't matter, leverage is the killer
  • #19,238
  • Jan 27, 2016 2:36am Jan 27, 2016 2:36am
Quoting Forexcube
{quote} #19'223 Thank's Iggo. The market complete extremely often prior gaps. In this market environment we have had 3 gaps within a couple of time. I would have buy more Longs till 9'520. Other arguments can be clearly attributed to major factors of multiple time frame analysis. Hope it helps! FXcube DAX, M30, 2016 January 27 {image}
Thank you very much for the explanation. Green pips to you, Islander and everyone that make this thread so good
  • #19,239
  • Jan 27, 2016 2:40am Jan 27, 2016 2:40am
Long 9794 on PB SL to +1

Edit: SL to +20 OCO +50

Edit SL +30 OCO +50
Trading Levels with WRBs
  • #19,240
  • Jan 27, 2016 2:46am Jan 27, 2016 2:46am
Quoting Islander
Long 9794 on PB SL to +1 Edit: SL to +20 OCO +50 Edit SL +30 OCO +50
Closed +30 on Stop
Trading Levels with WRBs
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