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Carpe diem: Intraday tactics for Dax and Dow

  • #19,941
  • Feb 11, 2016 4:06am Feb 11, 2016 4:06am
Quoting Forexcube
EMA55 monthly is reached at both (DAX & US30). Maybe one favored argument for going long. If not bigger downside movements should be expected IMO. It seems the risk worth for me. Do not know what these millions of algorithm machines are coded for this market environment. Let's see! FXcube
S&P500 is supposed to hit 1742
  • #19,942
  • Feb 11, 2016 4:40am Feb 11, 2016 4:40am
Quoting stylinex
{quote} S&P500 is supposed to hit 1742
indeed on the futures market not the cash, see one off my last posts, you remembered correctly
  • #19,943
  • Feb 11, 2016 4:43am Feb 11, 2016 4:43am
for what it is worth, thursdays are my worst days, very erratic and what happened to Stylinex today happened to me a lot, with big losses, so i stopped trading on that dat, it is ike giving yourself a raise
  • #19,944
  • Feb 11, 2016 4:44am Feb 11, 2016 4:44am
Quoting PariCovek
Dax to 8500 by end of the week. Gold to 1240.
Hi, I also see that down level even 2 @8450, however i'm not sure if it will be this week though, my 2 cents.

If we can hold the 8700 level after NO I see first upmove target @8860 2nd @8975 and @9075 possibly for tomorrow and hopefully around @9150 early next week after which I see 2 options next week.

Either extending towards @9250 2 9400, or further down to the @8500 areas if we hit @9150 first.
I still see some down room for the dollar to strong support as well as a lot of up pressure in the bond market to higher highs,
so there is some ground to form a strong move with the asian markets fully stepping in again. At the other hand options expiry week next week might support the upward scenario some,.. interested 2 see how it will be played out this time.

For now am bullish @8740.
Good luck 2 all,
Trade what you see not what you think,..happy trading
  • #19,945
  • Feb 11, 2016 5:05am Feb 11, 2016 5:05am
Quoting Pattrader
{quote} Hi, I also see that down level even 2 @8450, however i'm not sure if it will be this week though, my 2 cents. If we can hold the 8700 level after NO I see first upmove target @8860 2nd @8975 and @9075 possibly for tomorrow and hopefully around @9150 early next week after which I see 2 options next week. Either extending towards @9250 2 9400, or further down to the @8500 areas if we hit @9150 first. I still see some down room for the dollar to strong support as well as a lot of up pressure in the bond market to higher highs, so there is some...
Not sure which options expirations you are looking at as they do not expire until the 3rd week of March. Options are quarterly for DAX and US Indexes aside from the weekly ones that run for ones like SPY
  • #19,946
  • Feb 11, 2016 5:07am Feb 11, 2016 5:07am
Quoting wbemsms
for what it is worth, thursdays are my worst days, very erratic and what happened to Stylinex today happened to me a lot, with big losses, so i stopped trading on that dat, it is ike giving yourself a raise
Thursday's are the roller coaster days of where we either see big spikes or big drops. Wrong entry can lead to major losses on Thursday. Friday is either a rebound or continued sell off before the weekend (that is if the week had started off with a sell off like it did this week).
  • #19,947
  • Feb 11, 2016 5:14am Feb 11, 2016 5:14am
Oil dropping, Gold up, EUR/USD up....I wouldn't buy DAX.
  • #19,948
  • Feb 11, 2016 5:21am Feb 11, 2016 5:21am
praying hard for my longs....
  • #19,949
  • Feb 11, 2016 5:49am Feb 11, 2016 5:49am
Quoting Pattrader
{quote} Hi, I also see that down level even 2 @8450, however i'm not sure if it will be this week though, my 2 cents. If we can hold the 8700 level after NO I see first upmove target @8860 2nd @8975 and @9075 possibly for tomorrow and hopefully around @9150 early next week after which I see 2 options next week. Either extending towards @9250 2 9400, or further down to the @8500 areas if we hit @9150 first. I still see some down room for the dollar to strong support as well as a lot of up pressure in the bond market to higher highs, so there is some...
Yes, Dax has every chance to go up once some of this panic selling ends, and particularly when we don't have major corporations or banks with loss announcements or major earnings downgrades on a given day. However, EURUSD looks a bit bullish to me, and I think its heading for 1.14 so that's part of my logic for the call. Plus we have a large bearish engulfing candle on the Daily TF at the moment. Also, notice that the 7sma held as resistance on the Daily TF also, to me this suggests Algo's are selling anytime it get's near that line.
  • #19,950
  • Feb 11, 2016 5:56am Feb 11, 2016 5:56am
Quoting PariCovek
Dax to 8500 by end of the week. Gold to 1240.
LOL - Gold already 1240. It was 1217 when I wrote that only a couple of hours ago.
  • #19,951
  • Feb 11, 2016 6:07am Feb 11, 2016 6:07am
Quoting stylinex
{quote} Not sure which options expirations you are looking at as they do not expire until the 3rd week of March. Options are quarterly for DAX and US Indexes aside from the weekly ones that run for ones like SPY
Correct for these indexes, however the indexes are based on stocks which have their own cycles as well and sometimes lead to some correlating effect which we could use easing some of the negative sentiments although I don't think asia will help much this time.
Trade what you see not what you think,..happy trading
  • #19,952
  • Feb 11, 2016 6:10am Feb 11, 2016 6:10am
Quoting PariCovek
{quote} LOL - Gold already 1240. It was 1217 when I wrote that only a couple of hours ago.
Been a long time since Gold actually gained this much which means it really must be bad out there these days.
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  • #19,953
  • Feb 11, 2016 6:13am Feb 11, 2016 6:13am
Quoting PariCovek
{quote} Yes, Dax has every chance to go up once some of this panic selling ends, and particularly when we don't have major corporations or banks with loss announcements or major earnings downgrades on a given day. However, EURUSD looks a bit bullish to me, and I think its heading for 1.14 so that's part of my logic for the call. Plus we have a large bearish engulfing candle on the Daily TF at the moment. Also, notice that the 7sma held as resistance on the Daily TF also, to me this suggests Algo's are selling anytime it get's near that line.
Agree, it's either one or the other scenario for me, I don't know so I am waiting to see how this afternoon goes to have another idea an order for the short future. I might prospone the current bias for next week to play out, but maybe not how knows. We'll see the 8500's quick enough I think, either sooner or later.
Trade what you see not what you think,..happy trading
  • #19,954
  • Feb 11, 2016 6:35am Feb 11, 2016 6:35am
Quoting Pattrader
{quote} Agree, it's either one or the other scenario for me, I don't know so I am waiting to see how this afternoon goes to have another idea an order for the short future. I might prospone the current bias for next week to play out, but maybe not how knows. We'll see the 8500's quick enough I think, either sooner or later.
Yeah possible, some very bizarre currency moves right now... AUDJPY just flew 150pips north in 3 minutes, that's usually a sign of risk-on sentiment, or potentially a SL run by the Big Boys. Alternatively, its BoJ devaluing their currency!
  • #19,955
  • Feb 11, 2016 6:43am Feb 11, 2016 6:43am
Quoting stylinex
{quote} Been a long time since Gold actually gained this much which means it really must be bad out there these days. {image}
Large run on safety lately, still ongoing, also bonds are strongly up, something might be cooking or staying on the side until the fear eases away,..we'll see.
Trade what you see not what you think,..happy trading
  • #19,956
  • Feb 11, 2016 7:04am Feb 11, 2016 7:04am
Index looks like going south to the next pivot...
  • #19,957
  • Feb 11, 2016 7:19am Feb 11, 2016 7:19am
Quoting acit
Index looks like going south to the next pivot...
I sell now nasdaq TP DS2
  • #19,958
  • Feb 11, 2016 8:30am Feb 11, 2016 8:30am
Quoting Forexcube
DAX, Long @ 8'760 (5x)
#19'936

Exit @ 8'830, +70 (x5 = 350)
  • #19,959
  • Feb 11, 2016 8:30am Feb 11, 2016 8:30am
Hello,

Can anyone confirm if there is a rising wedge on the 30 min TF.

Thank you.
  • #19,960
  • Edited 8:47am Feb 11, 2016 8:35am | Edited 8:47am
Quoting stylinex
{quote} S&P500 is supposed to hit 1742
#19'942

actual 1'824
I've 1'765 on my monitor - however Long ~1'826 (first entry) should for me also okay.
The time will tell us.
FXcube
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