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Carpe diem: Intraday tactics for Dax and Dow

  • #19,321
  • Jan 28, 2016 10:01am Jan 28, 2016 10:01am
DAX dropped hard today. I had a few good trades out of the few bounces and drops that took place. Out for now. Best to short spikes and bounces. Numbers in Asia are bad and in America they are not good either.
  • #19,322
  • Jan 28, 2016 10:02am Jan 28, 2016 10:02am
Quoting stylinex
DAX dropped hard today. I had a few good trades out of the few bounces and drops that took place. Out for now. Best to short spikes and bounces. Numbers in Asia are bad and in America they are not good either.

We're back at S2 and the weekly low. I would expect some recovery from this level.
  • #19,323
  • Jan 28, 2016 10:30am Jan 28, 2016 10:30am
Shorting DOW at 16004
  • #19,324
  • Jan 28, 2016 10:36am Jan 28, 2016 10:36am
A good break of 15900 should give a large drop
  • #19,325
  • Jan 28, 2016 10:52am Jan 28, 2016 10:52am
Hi everyone,

Juste a small question, why the choice of DOW instead of SPX500 ? (spread, commission, required margin, ...?)

Thanks in advance and nice day for all
  • #19,326
  • Jan 28, 2016 10:56am Jan 28, 2016 10:56am
Quoting tomlee
Hi everyone, Juste a small question, why the choice of DOW instead of SPX500 ? (spread, commission, required margin, ...?) Thanks in advance and nice day for all
For me.. more bang for your buck due to the volatility...
Que Sera
  • #19,327
  • Jan 28, 2016 11:01am Jan 28, 2016 11:01am
Thanks a lot.

Theere is more volatility on the DOW than S&P500 ?
  • #19,328
  • Jan 28, 2016 11:03am Jan 28, 2016 11:03am
Quoting tomlee
Thanks a lot. Theere is more volatility on the DOW than S&P500 ?
Yes generally if you trade the S&P you will take bigger lots with less swing... the Dow and Dax offer smaller lots but more movement... depends on your trading style which would be more suitable.
Que Sera
  • #19,329
  • Jan 28, 2016 11:05am Jan 28, 2016 11:05am
Quoting revoli
{quote} I find the emotions of trading the most difficult thing to conquer. It does not matter how many years experience you have you develop fears of innumerable things that cloud your judgement. I record these so I can later analyse what I need to change in my belief system to enable me to be a better trader. This was a classic example of fear dominating action. As a result I left lots on the table. Anyone with good suggestions of works to read on this feel free to pitch in. I am ting to read hidden gaps and supply zone stuff. Again if...
Check our old thread - I copied Hidden Gap's latest post about Supply and Demand.....
Trading Levels with WRBs
  • #19,330
  • Jan 28, 2016 11:13am Jan 28, 2016 11:13am
Quoting Catempire
{quote} Yes generally if you trade the S&P you will take bigger lots with less swing... the Dow and Dax offer smaller lots but more movement... depends on your trading style which would be more suitable.
Thanks a much, I will look at this
  • #19,331
  • Jan 28, 2016 11:29am Jan 28, 2016 11:29am
Quoting Forexcube
Long @ 15'937 (10x)
#19'317

Exit @ 15'957, +20 (x10 = 200)
  • #19,332
  • Jan 28, 2016 11:30am Jan 28, 2016 11:30am
Quoting Forexcube
Long @ 15'930 (x3)
19'319

Exit # 15'960, +30 (x3 = 90)
  • #19,333
  • Jan 28, 2016 11:32am Jan 28, 2016 11:32am
Quoting Catempire
{quote} Yes generally if you trade the S&P you will take bigger lots with less swing... the Dow and Dax offer smaller lots but more movement... depends on your trading style which would be more suitable.
If you want big movement one might also consider the Japanese Nikkei JPN225,..
offers huge swings and very large daily ranges, often nicely correlated with the other indices,

however it's quiet a wild untamed horse though,..
if you're in for a wild ride one might give it a try,
definitely worth some investigation, on a demo first pls.
Trade what you see not what you think,..happy trading
  • #19,334
  • Jan 28, 2016 11:33am Jan 28, 2016 11:33am
Quoting Forexcube
Long @ 15'944 (5x) US30USD, M15, 2016 January 28 {image}
#19'316

Exit @ 15'970, +26 (x5 = 130)
  • #19,335
  • Jan 28, 2016 11:34am Jan 28, 2016 11:34am
Quoting Pattrader
{quote} If you want big movement one might also consider the Japanese Nikkei JPN225,.. offers huge swings and very large daily ranges, often nicely correlated with the other indices, however it's quiet a wild untamed horse though,.. if you're in for a wild ride one might give it a try, definitely worth some investigation, on a demo first pls.
Yes the Nikki swung over 2000 pips in one day last week... only problem is for me im uk based and can't stomach having too many poss open over night.
Que Sera
  • #19,336
  • Jan 28, 2016 11:42am Jan 28, 2016 11:42am
Quoting Forexcube
{quote} #19'316 Exit @ 15'970, +26 (x5 = 130)
Well done FX nice work.
Que Sera
  • #19,337
  • Jan 28, 2016 3:28pm Jan 28, 2016 3:28pm
Quoting Catempire
{quote} Well done FX nice work.
#19'337

Thank's!
FXcube
  • #19,338
  • Jan 28, 2016 7:08pm Jan 28, 2016 7:08pm
Quoting Catempire
{quote} Yes the Nikki swung over 2000 pips in one day last week... only problem is for me im uk based and can't stomach having too many poss open over night.
Thanks for TIp.. i generaly trade the OZZ 200 for a couple hours the OZ morn.. get my bread and butter.. but just got a beauty on 1 min .. THKS again for tip.. here is 1 min chart
Attached Image (click to enlarge)
Click to Enlarge Name: JPN225M5.png Size: 65 KB
  • #19,339
  • Jan 28, 2016 9:49pm Jan 28, 2016 9:49pm
BoJ just sent all Equities flying, and JPY plummeted. Wish I had some trades on!

At the Monetary Policy Meeting held today, the policy board of the bank of japan decided to introduce "Quantitative and Qualitative Monetary Easing (QQE) with a "Negative Interest Rate" in order to achieve the price stability target of 2 percent at the earliest possible time
  • #19,340
  • Edited 10:34pm Jan 28, 2016 10:10pm | Edited 10:34pm
Quoting PariCovek
BoJ just sent all Equities flying, and JPY plummeted. Wish I had some trades on! At the Monetary Policy Meeting held today, the policy board of the bank of japan decided to introduce "Quantitative and Qualitative Monetary Easing (QQE) with a "Negative Interest Rate" in order to achieve the price stability target of 2 percent at the earliest possible time
I just bought the Nikkei on retracement for a very very quick long trade for +50. In and out. And now as I type this, all the markets have fully retraced back to where they started. Even the Dax spiked after-hours by 120pts and dropped back completely.

So, 2mins later, I re-entered for another long trade on the Nikkei for another quick +50. I don't think these trades were longer than a minute in the market each.
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