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Carpe diem: Intraday tactics for Dax and Dow

  • #19,841
  • Feb 8, 2016 5:59am Feb 8, 2016 5:59am
Anyone think the DOW will re test the channel around 16100 before being rejected ?.. Would give Europe a nice retracement in the process and good level to load more shorts.
Que Sera
  • #19,842
  • Feb 8, 2016 6:01am Feb 8, 2016 6:01am
Quoting Catempire
{quote} 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...
I roughly focus on 9200 level. As long as we are below this level on hourly no need to change bearish bias. I am only watching violations of lower lows for now.

Yes I am also waiting for a pull back. 9200 will be probably retested. My nearest short target is 8750 area.

Good Luck
Focus only on what truly matters!
  • #19,843
  • Feb 8, 2016 6:11am Feb 8, 2016 6:11am
Does anyone know if the US is actually working today after the superbowl?
  • #19,844
  • Feb 8, 2016 6:18am Feb 8, 2016 6:18am
I have my eye on a possible Divergence pattern on the Dax daily, no confirmation yet, but the price has pushed lower and the MACD ribbon is higher currently, At such a crucial level as this, this has to be watched.
  • #19,845
  • Feb 8, 2016 6:30am Feb 8, 2016 6:30am
Bears are loose
Attached Image
  • #19,846
  • Feb 8, 2016 7:17am Feb 8, 2016 7:17am
I think the DAX has held about all she can hold. When the shittin starts there may not be a pullback or retracement lol..
Inserted Video
  • #19,847
  • Feb 8, 2016 9:36am Feb 8, 2016 9:36am
NY open 1st (out of 2) scalp...
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"A handful of patience is worth more than a bushel of brains"
  • #19,848
  • Feb 8, 2016 9:37am Feb 8, 2016 9:37am
... and 2nd scalp
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"A handful of patience is worth more than a bushel of brains"
  • #19,849
  • Feb 8, 2016 10:17am Feb 8, 2016 10:17am
Quoting Iron Pawn
... and 2nd scalp {image} {image} {image}
Bear market.. Only down from here
  • #19,850
  • Feb 8, 2016 10:34am Feb 8, 2016 10:34am
Quoting stylinex
{quote} Bear market.. Only down from here
I guess it all depends on charts you are looking at... market goes up and down. Sometimes it doesn't make sense to look too big into picture if you are taking trade on small tick chart or similar and expect to finish your trade within 5-15 minutes (scalp). At NY open I've had this opportunity and took it for small risk :-) with targets reached quite fast (what I expect from these types of move). For intraday or swing, approach would be different for sure. Have a good one!
"A handful of patience is worth more than a bushel of brains"
  • #19,851
  • Feb 8, 2016 11:06am Feb 8, 2016 11:06am
Quoting acit
{quote} Hi Sty, as promised, this is my chart to trade reversal pattern. I'm sorry if I cant elaborate more than this (trade secret) . {image} At 161.8% level I see pattern for long to support it. Next level for long is at 261.8%, we see any pattern for long there.
This is what I see on the charts:

1) Dax price stagnant at price 261.8% from the picture I show earlier
2) Oil have daily pattern for long to go to Weekly pivot, now price is at WS1
3) EurCad have very nice weekly pattern for short

With these 3 points, Indexes could go up. Lets see tml..
  • #19,852
  • Feb 8, 2016 3:17pm Feb 8, 2016 3:17pm
Where to get level 2 for dax?
  • #19,853
  • Edited Feb 9, 2016 12:31am Feb 8, 2016 11:53pm | Edited Feb 9, 2016 12:31am
Deutsche Bank is in trouble. Largely due to its large derivatives positions, low margin environment and exposures to China and Energy. These factors are causing panic across banking stocks world-wide. My concern with Deutsche Bank is if their CDS spreads continue to widen too far, then Banks may stop trading with them, then god forbid, it could be another Lehmans.

If we get a major Bank that collapses, expect a very sharp drop in Indices world-wide, as risks of contagion will spark a panic leg of selling, just like it did in September 2008 after Lehmans. Its a simple strategy if this occurs, Long Gold, Short Equities, Long CHF and Yen.

http://www.theage.com.au/business/ma...09-gmp3mt.html
  • #19,854
  • Feb 9, 2016 1:19am Feb 9, 2016 1:19am
Quoting PariCovek
Why I think the great Crash is here. SP500 is on the verge of a Crash based on the 7sma now crossing beneath the 20sma on the Monthly chart along with Bearish Divergence on MACD and RSI. These three indicators look very similar as it is now, in comparison to the last 2 crashes (vertical lines). We all know if US Equities crash, then all Equities markets will crash. Especially with the no2 economy in the world already in the middle of a crash (china). {image}
The Monthly charts are now showing 7sma crossing beneath the 20sma on most Equities Indices - Nikkei, Dax, SP500, ASX, Hang Seng, China50....

So the great crash is here, its just a question how deep it will go. I think only a war or a major bank collapse is the trigger for panic selling to new lows, or retesting the 2009 lows.
  • #19,855
  • Feb 9, 2016 1:33am Feb 9, 2016 1:33am
Quoting PariCovek
Deutsche Bank is in trouble. Largely due to its large derivatives positions, low margin environment and exposures to China and Energy. These factors are causing panic across banking stocks world-wide. My concern with Deutsche Bank is if their CDS spreads continue to widen too far, then Banks may stop trading with them, then god forbid, it could be another Lehmans. If we get a major Bank that collapses, expect a very sharp drop in Indices world-wide, as risks of contagion will spark a panic leg of selling, just like it did in September 2008 after...
More of the same, regarding Deutsche Bank, but it quotes:

The cost of using so-called credit-default swaps to gain protection for five years on Deutsche Bank’s debt has doubled since the start of this year, according to data from Markit.

http://www.nytimes.com/2016/02/09/bu...fies.html?_r=0
  • #19,856
  • Feb 9, 2016 1:34am Feb 9, 2016 1:34am
Everyone here still short or anyone buying now at these levels? Nikkei ate shit today
  • #19,857
  • Feb 9, 2016 1:37am Feb 9, 2016 1:37am
Quoting stylinex
Everyone here still short or anyone buying now at these levels? Nikkei ate shit today
I think the safest way to trade this now, is to trade Asian session like ASX, Nikkei, even Hang Seng in the same direction as European/US session moves from the night before. Today for example, even with the Cash Indices that track market movements overnight, would've netted 90pts on ASX and 350pts on Nikkei by trading in same direction.
  • #19,858
  • Feb 9, 2016 1:41am Feb 9, 2016 1:41am
I am in at around 8890 and 8895
  • #19,859
  • Feb 9, 2016 1:51am Feb 9, 2016 1:51am
Just closed my first trade. I think I chickened out to hold on for longer.
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  • #19,860
  • Feb 9, 2016 1:55am Feb 9, 2016 1:55am
Quoting PariCovek
{quote} I think the safest way to trade this now, is to trade Asian session like ASX, Nikkei, even Hang Seng in the same direction as European/US session moves from the night before. Today for example, even with the Cash Indices that track market movements overnight, would've netted 90pts on ASX and 350pts on Nikkei by trading in same direction.
This is what I was thinking as well. Hang Seng is off for Chinese New Years. Nikkei either turns you rich overnight or broke overnight.
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