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Carpe diem: Intraday tactics for Dax and Dow

  • #19,821
  • Feb 8, 2016 1:35am Feb 8, 2016 1:35am
Quoting Catempire
{quote} PA looks like the fat lady is sitting on it and she is just about to sing
It's not all she's about to do by the look of it this morning!
  • #19,822
  • Feb 8, 2016 1:37am Feb 8, 2016 1:37am
If it keeps like that then the next big support is around 9030 and then chaos (5yr volumes chart). Intermediate stops in chaos are 8630, 8230, 7700, then the big block 7100-7400 with vpoc 7170. Haven't checked other S/R from weekly yet which could give support. I believe 9k would stop the fall, unless EU is to go 1.14+. Waiting for a base to form to start longing in the long term.
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  • #19,823
  • Feb 8, 2016 1:37am Feb 8, 2016 1:37am
Quoting cat
The next big support level that I have is the Weekly 200sma running under at 9,108. The big players know this, and beneath it there in nothing until 8870 on the monthly chart Well we're there, so what's it going to do?
9075...weekly support... a bounce there..heading into NY
practising coitus interruptus
  • #19,824
  • Feb 8, 2016 1:39am Feb 8, 2016 1:39am
gone long... very tight SL

Closed.
Que Sera
  • #19,825
  • Feb 8, 2016 1:39am Feb 8, 2016 1:39am
GM
The price is breaking easily supports important daily, seems to have found support at 9100, BRN and daily support. From there if you continue down to test the first day 9064 S2 and if the price breaks should go 8912, week-day support, S · day and BRN
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  • #19,826
  • Feb 8, 2016 1:41am Feb 8, 2016 1:41am
what happened to whatever it takes by Draghi... what happened to inflation targets? what happened to QE??
practising coitus interruptus
  • #19,827
  • Feb 8, 2016 1:43am Feb 8, 2016 1:43am
Quoting avibe
what happened to whatever it takes by Draghi... what happened to inflation targets? what happened to QE??
You can only prop an asset bubble up with funny money and bullshit talk for so long..eventually the reality sets in.
  • #19,828
  • Feb 8, 2016 1:46am Feb 8, 2016 1:46am
Quoting cat
The next big support level that I have is the Weekly 200sma running under at 9,108. The big players know this, and beneath it there in nothing until 8870 on the monthly chart Well we're there, so what's it going to do?
Seems like weekly 200sma won't hold. Next supports on weekly 89xx & 86xx.
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  • #19,829
  • Feb 8, 2016 1:56am Feb 8, 2016 1:56am
It's holding atm..just. It could dip below but still then rally, or it may just keep going south. I've got 053 as a possibility?
  • #19,830
  • Feb 8, 2016 2:26am Feb 8, 2016 2:26am
Normally what I would expect to see happen on any chart looking like the weekly does right now, is for the price to pull back from this level back up towards the 100sma which is now curling up over the top at 10,270, maybe not all the way up to it, but towards it at least.
  • #19,831
  • Feb 8, 2016 2:35am Feb 8, 2016 2:35am
Quoting cat
Normally what I would expect to see happen on any chart looking like the weekly does right now, is for the price to pull back from this level back up towards the 100sma which is now curling up over the top at 10,270, maybe not all the way up to it, but towards it at least.
I agree, tho.......

Hedging with a Long atm.. SL just bellow todays low.
Que Sera
  • #19,832
  • Feb 8, 2016 3:05am Feb 8, 2016 3:05am
Quoting Catempire
{quote} I agree, tho....... Hedging with a Long atm.. SL just bellow todays low.
Always be very careful when the price is still below the 1m 100sma when trading against momentum as the chances of the price rolling over are very high.
  • #19,833
  • Feb 8, 2016 3:05am Feb 8, 2016 3:05am
Hi Everyone,

I hope you are all doing well. I just checked daily chart GER30, and I noticed that we are around critical test zone:

8880/90 area will get tested soon.

In my humble opinion I don't think that this zone will hold since bearish pressure is high. I expect the first serious resistance to be around 8750 area.

I don't suggest to long at all on hourly or larger timeframes.

Green Pips to All
Focus only on what truly matters!
  • #19,834
  • Feb 8, 2016 3:16am Feb 8, 2016 3:16am
Quoting stulic
{quote} 1750? When? How good would that be {image}
Probably this week with the looks of things now
  • #19,835
  • Feb 8, 2016 3:20am Feb 8, 2016 3:20am
Quoting stylinex
{quote} I was reading some where that they expects 1742 for SPX500 which would bring DAX down well under 9000
Getting there soon.
  • #19,836
  • Feb 8, 2016 3:21am Feb 8, 2016 3:21am
Quoting Ata-Turkoglu
Hi Everyone, I hope you are all doing well. I just checked daily chart GER30, and I noticed that we are around critical test zone: 8880/90 area will get tested soon. In my humble opinion I don't think that this zone will hold since bearish pressure is high. I expect the first serious resistance to be around 8750 area. I don't suggest to long at all on hourly or larger timeframes. Green Pips to All
Do you have any DAX short positions?
  • #19,837
  • Feb 8, 2016 3:27am Feb 8, 2016 3:27am
Quoting stylinex
{quote} Do you have any DAX short positions?
I will have after a major retracement. For now I have no trades at all. You can check from my trading explorer.

My typical trading advice is wait for retrace and go short.. rinse and repeat..
Focus only on what truly matters!
  • #19,838
  • Feb 8, 2016 3:40am Feb 8, 2016 3:40am
Quoting Ata-Turkoglu
{quote} I will have after a major retracement. For now I have no trades at all. You can check from my trading explorer. My typical trading advice is wait for retrace and go short.. rinse and repeat..
Thanks for sharing. Update us when you are short
  • #19,839
  • Feb 8, 2016 3:43am Feb 8, 2016 3:43am
Quoting stylinex
{quote} Thanks for sharing. Update us when you are short
You're welcome.. yes I will share my future thoughts as much as I can..
Focus only on what truly matters!
  • #19,840
  • Feb 8, 2016 3:45am Feb 8, 2016 3:45am
Quoting Ata-Turkoglu
{quote} You're welcome.. yes I will share my future thoughts as much as I can..
Hi Ata.

Just wondering what you are targeting for shorts on the DAX ? I was thinking the DOW will probably pull it back up a fair amount...
Que Sera
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