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Carpe diem: Intraday tactics for Dax and Dow

  • #19,561
  • Feb 3, 2016 5:45am Feb 3, 2016 5:45am
Quoting stylinex
{quote} I see this first quarter as being a down quarter. Poor numbers from last quarter of 2015, poor numbers from January and February and then we add the Oil slump on top of all that for the icing on the cake. I am goin got try and stick to my original plan on entering after spikes up and shorting.
I've just been having a chat with a trader from Oz on the ' Trading the BOE interest rate decision this week ' thread that you may like to look at concerning the future of the US ( and UK ) economy/markets, as I see it, as it ties in with this.
  • #19,562
  • Feb 3, 2016 5:59am Feb 3, 2016 5:59am
DAX, 2016 February 03
Attached Image (click to enlarge)
Click to Enlarge Name: DAX, Daily, 2016 February 03.jpg Size: 87 KB
  • #19,563
  • Feb 3, 2016 6:02am Feb 3, 2016 6:02am
DAX, M1, 2016 Febuary 03
Scalping Trades
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Click to Enlarge Name: DAX, M1, 2016 February 03.jpg Size: 92 KB
  • #19,564
  • Feb 3, 2016 6:05am Feb 3, 2016 6:05am
Quoting cat
{quote} I've just been having a chat with a trader from Oz on the ' Trading the BOE interest rate decision this week ' thread that you may like to look at concerning the future of the US ( and UK ) economy/markets, as I see it, as it ties in with this.
Thanks for sharing.. What do you see (They) see? Link..?
  • #19,565
  • Feb 3, 2016 6:06am Feb 3, 2016 6:06am
Quoting cat
{quote} I've just been having a chat with a trader from Oz on the ' Trading the BOE interest rate decision this week ' thread that you may like to look at concerning the future of the US ( and UK ) economy/markets, as I see it, as it ties in with this.
I don't think it will be confined to the US and UK economies ... the knock on effect even the oil price staying down has far greater effect to everyone then people initially realise.
Que Sera
  • #19,566
  • Feb 3, 2016 6:19am Feb 3, 2016 6:19am
closing the gap 2016 Jan. 19/20 / H1
DAX, Long @ 9'510 (5x)

DAX, H1, 2016 February 03
Attached Image (click to enlarge)
Click to Enlarge Name: DAX, H1, 2016 February 03.jpg Size: 211 KB
  • #19,567
  • Feb 3, 2016 6:23am Feb 3, 2016 6:23am
Quoting cat
{quote} Support level ( potential )
Spot on. Did you pull the trigger?
Katte, kabuto no o wo shime yo. Size doesn't matter, leverage is the killer
  • #19,568
  • Feb 3, 2016 6:42am Feb 3, 2016 6:42am
Quoting revoli
{quote} Spot on. Did you pull the trigger?
lol...
  • #19,569
  • Feb 3, 2016 6:45am Feb 3, 2016 6:45am
I think the DAX just got a Spotty Potty chair.
Inserted Video
  • #19,570
  • Feb 3, 2016 6:45am Feb 3, 2016 6:45am
Quoting Forexcube
closing the gap 2016 Jan. 19/20 / H1 DAX, Long @ 9'510 (5x) DAX, H1, 2016 February 03 {image}
??? What do you mean? Gap was closed 2 weeks ago.
  • #19,571
  • Feb 3, 2016 7:14am Feb 3, 2016 7:14am
Quoting Catempire
{quote} I don't think it will be confined to the US and UK economies ... the knock on effect even the oil price staying down has far greater effect to everyone then people initially realise.
Obviously not, it is a global economy we live in with the US leading the way, so everyone will be affected, though some more than others depending upon the unemployment rate, oil dependency, govt debt and so on.
  • #19,572
  • Feb 3, 2016 7:20am Feb 3, 2016 7:20am
Quoting revoli
{quote} Spot on. Did you pull the trigger?
Well it's easy for me to say that I did now isn't it? Let's just say that when I get a signal to trade from my charts, I take it.
  • #19,573
  • Feb 3, 2016 7:28am Feb 3, 2016 7:28am
Quoting cat
{quote} Obviously not, it is a global economy we live in with the US leading the way, so everyone will be affected, though some more than others depending upon the unemployment rate, oil dependency, govt debt and so on.
basically... it will effect the poor and not the elite...

Cor blimey, anyone would think it was planned this way
Que Sera
  • #19,574
  • Feb 3, 2016 7:33am Feb 3, 2016 7:33am
Quoting Catempire
{quote}basically... it will effect the poor and not the elite... Cor blimey, anyone would think it was planned this way
I say that man, what an absolutely outrageous suggestion!!
  • #19,575
  • Feb 3, 2016 7:57am Feb 3, 2016 7:57am
I think Dow is doing a fake long right now, see a good pattern for short on 1hour chart at DP level..
  • #19,576
  • Feb 3, 2016 8:06am Feb 3, 2016 8:06am
Quoting acit
I think Dow is doing a fake long right now, see a good pattern for short on 1hour chart at DP level..
I think the safest place to short dow is low of this 1 hour candle..

Attached Image
  • #19,577
  • Feb 3, 2016 8:21am Feb 3, 2016 8:21am
Dax has previously come down hard from around here. Not sure I can hold back.

Dow is sitting still Dax goes mental. No signal. No rules but short at 9572. Stop to BE
Out flat. Wait for a proper signal. Discipline
Katte, kabuto no o wo shime yo. Size doesn't matter, leverage is the killer
  • #19,578
  • Feb 3, 2016 8:32am Feb 3, 2016 8:32am
Dax short 9561
Stop now -5
Now BE.
Target?
Target 9500.

Rationale for this one (and the last) is what looks like a huge big supply zone between about 9500 and 9600. Price has repeatedly bombed down from this area. Previously the same zone was acting as a big demand zone with price shooting up. If the pattern is repeated we could easily see 70 points drop from top. Not my ideal trade but that move was daft.

Moving stop behind M1 wave
Katte, kabuto no o wo shime yo. Size doesn't matter, leverage is the killer
  • #19,579
  • Feb 3, 2016 8:35am Feb 3, 2016 8:35am
Quoting revoli
Dax short 9561 Stop now -5 Now BE. Target?
I also shorted Dax from DP, Target first is DS1=WS2
  • #19,580
  • Feb 3, 2016 8:49am Feb 3, 2016 8:49am
Quoting revoli
Dax short 9561 Stop now -5 Now BE. Target? Target 9500. Rationale for this one (and the last) is what looks like a huge big supply zone between about 9500 and 9600. Price has repeatedly bombed down from this area. Previously the same zone was acting as a big demand zone with price shooting up. If the pattern is repeated we could easily see 70 points drop from top. Not my ideal trade but that move was daft. Moving stop behind M1 wave
And out. That's probably me for today. The action is tricky and I have what I came for. There are a clutch of fibs I have on my chart at around 9500. I have two 50 fibs and one 23.6. Doesn't really matter what levels that are from, the fact that there is a bunch of them at a BRN makes a likely pause level at least hence my target (and 60 points 'felt about right'.). Just to explain that a bit if you look at the drops from this zone previously they probably averaged around 75 before really turning so it would look fairly symmetrical on the chart if it happened again. Don't ask me why but this stuff seems to work. I am sure someone wiser than me will explain. I may do a chart later. Not up to it just now. Need a bit of head down time.
Katte, kabuto no o wo shime yo. Size doesn't matter, leverage is the killer
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