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Carpe diem: Intraday tactics for Dax and Dow

  • #20,101
  • Feb 17, 2016 6:04am Feb 17, 2016 6:04am
Long @ 9285 SL: 9257.5

dont feel comfortable with that one but anyways..
  • #20,102
  • Feb 17, 2016 6:09am Feb 17, 2016 6:09am
Quoting acit
My best price to sell Dax today is 9191..SL 9243.
This was SL hit but I will monitor again price at 9191 during NY open, I think will be another fight there for direction..
  • #20,103
  • Feb 17, 2016 6:53am Feb 17, 2016 6:53am
Quoting PipJet
Long @ 9285 SL: 9257.5 dont feel comfortable with that one but anyways..
hart TP @ 9329 ~ but ready to close at 14:15 @ any price. dont ready 2 sit through FOMC
  • #20,104
  • Feb 17, 2016 6:55am Feb 17, 2016 6:55am
Probably climbing much higher from here
  • #20,105
  • Feb 17, 2016 6:57am Feb 17, 2016 6:57am
Quoting PipJet
{quote} hart TP @ 9329 ~ but ready to close at 14:15 @ any price. dont ready 2 sit through FOMC
When ever DAX just sits there and inches up it will continue to climb up. Anything over 1.5% in gains and you could be seeing 2-3% daily gains
  • #20,106
  • Feb 17, 2016 6:59am Feb 17, 2016 6:59am
Quoting PipJet
Long @ 9285 SL: 9257.5 dont feel comfortable with that one but anyways..
closed manual @ 9320 +35 points
  • #20,107
  • Feb 17, 2016 7:04am Feb 17, 2016 7:04am
Quoting stylinex
{quote} When ever DAX just sits there and inches up it will continue to climb up. Anything over 1.5% in gains and you could be seeing 2-3% daily gains
you are absolutly right. But i at all feel very uncomfortable to have a position in market while US News are popping. It was clear that London/Frankfurt will try to make one more high before news but it wasnt clear how high. the whole 9300-9400 level is a solid resistant level that needs a lot of liquidity to be breached so things can change here fast.
The last few months showed us what is possible if US pops some news.
  • #20,108
  • Feb 17, 2016 9:31am Feb 17, 2016 9:31am
Not much solid pattern to look at, just price keep going up..not going to buy blindly..

Waiting for next level to reach for Dax, 9395.5..
  • #20,109
  • Feb 17, 2016 9:42am Feb 17, 2016 9:42am
switched to oil and extended my working day because oil looked to tasty.

got my long @ 29,56 out now @ 30,45 = +89 points

Wish you all great US Seassion and a green FOMC.
  • #20,110
  • Edited 12:14am Feb 18, 2016 12:01am | Edited 12:14am
Quoting PariCovek
{quote} I think we can get to 20SMA on Daily, in the next day or two. Around 9400. So for me, its buy the dip until then.
Ok, so we broke the 20SMA on the Daily.

Next target is 7SMA on Weekly, around 9514pts; and then 200SMA on 4H around 9570pts.

Beyond that, the next target is the downtrend line in play since 1 December 2015; currently we would intersect this around 9900pts, but by the time we get there it may be around 9720-9850pts.

An inner trendline that was once the long-term uptrend line for this Bull cycle since September 2011; intersects the above mentioned downtrend line at (the arrow) around 9741pts. At this confluence point, or whenever the Dax hits the above mentioned downtrend line, it may be a good short-trade with say 50-80SL, but with a TP of at least 300-500 (Swing trade).

If this short trade fails, then I'd be looking for the Dax to hit the 200sma on the Daily.
Attached Image (click to enlarge)
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  • #20,111
  • Feb 18, 2016 2:31am Feb 18, 2016 2:31am
Which cycle/pattern is correct for 2016 ??

Sixer
Attached Image (click to enlarge)
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  • #20,112
  • Feb 18, 2016 5:01am Feb 18, 2016 5:01am
Quoting PariCovek
{quote} Ok, so we broke the 20SMA on the Daily. Next target is 7SMA on Weekly, around 9514pts; and then 200SMA on 4H around 9570pts. Beyond that, the next target is the downtrend line in play since 1 December 2015; currently we would intersect this around 9900pts, but by the time we get there it may be around 9720-9850pts. An inner trendline that was once the long-term uptrend line for this Bull cycle since September 2011; intersects the above mentioned downtrend line at (the arrow) around 9741pts. At this confluence point, or whenever the Dax hits...
Tbh, this morning on XO, with Oil price up, I was kind of surprised that we hit the 200sma on 2m @ 9440, and then she formed the shooting star and dropped 90pts. I was thinking today it would continue up, and its now showing this. As per above, 9514pts is the first target, and then 9570pts next. First target is very possible today, especially during NYSE session.
  • #20,113
  • Feb 18, 2016 5:08am Feb 18, 2016 5:08am
Quoting PariCovek
{quote} Tbh, this morning on XO, with Oil price up, I was kind of surprised that we hit the 200sma on 2m @ 9440, and then she formed the shooting star and dropped 90pts. I was thinking today it would continue up, and its now showing this. As per above, 9514pts is the first target, and then 9570pts next. First target is very possible today, especially during NYSE session.
Looking further ahead, now that the Dow has broken above the H4 200ema, and well at that, I think we could now see a return to 17,000, then, possibly higher towards 17,380. 17,000 is very realistic for me, and this is the level I believe traders have in their sights - it is the 61.8% and the Daily 200ema combined. The Dax will just follow, so bullish as of now, very bullish. After that , who knows, but another rate hike next month will send it south again I am sure.

ps - I do have a resistance level at 16,600 on the Dow, though I believe it will be a temporary one.
  • #20,114
  • Feb 18, 2016 5:23am Feb 18, 2016 5:23am
DAX IS BACK IN BUISNESS
We are now in Save Zone between MA 50 & MA 21 on Daily Chart. Its for me the Savezone. If we can go above MA 50 ( now around 9800 ) Bulls are back in Buisness and lets pump this bitch a little more.

I was pessimistic in the morning and got stopped out with one short @ 9390 but got the long @ 9456 closed @ 9510 looking now for a decent retrace back to 9470 to long this bitch again. But if the movment is strong enough there will be no entry more avaiable for me.

Green pips you all.
  • #20,115
  • Feb 18, 2016 5:51am Feb 18, 2016 5:51am
Quoting PipJet
DAX IS BACK IN BUISNESS We are now in Save Zone between MA 50 & MA 21 on Daily Chart. Its for me the Savezone. If we can go above MA 50 ( now around 9800 ) Bulls are back in Buisness and lets pump this bitch a little more. I was pessimistic in the morning and got stopped out with one short @ 9390 but got the long @ 9456 closed @ 9510 looking now for a decent retrace back to 9470 to long this bitch again. But if the movment is strong enough there will be no entry more avaiable for me. Green pips you all.
Not too long ago we were under 8700
  • #20,116
  • Feb 18, 2016 6:07am Feb 18, 2016 6:07am
Quoting stylinex
{quote} Not too long ago we were under 8700
dont get your point. can you explain what do you mean?
  • #20,117
  • Feb 18, 2016 6:28am Feb 18, 2016 6:28am
Quoting PipJet
{quote} dont get your point. can you explain what do you mean?
We have had a very nice bounce over the last week. From last Thursday through today we had some really good gains. Went from bear mode to bull mode
  • #20,118
  • Feb 18, 2016 7:09am Feb 18, 2016 7:09am
Quoting stylinex
{quote} We have had a very nice bounce over the last week. From last Thursday through today we had some really good gains. Went from bear mode to bull mode
sure movement is big atm. but latest move was a possible retracement now i "feel" the bullmoves too. But nowaydays directions can change quick...
Keep in mind that we have a "world war" going in syria... World War because the whole world is allowed to bomb that place...
  • #20,119
  • Feb 18, 2016 7:24am Feb 18, 2016 7:24am
Quoting PipJet
{quote} sure movement is big atm. but latest move was a possible retracement now i "feel" the bullmoves too. But nowaydays directions can change quick... Keep in mind that we have a "world war" going in syria... World War because the whole world is allowed to bomb that place...
I think if Putin and the Kremlins wanted to become rich over night they would buy some oil calls and take out an oil refinery in Saudi Arabia to send the Saudis a message over Syria lol.. There would be no need to have an OPEC meeting about oil output reductions then as probably all oil output would come to a stop lol..
  • #20,120
  • Feb 18, 2016 7:34am Feb 18, 2016 7:34am
We might get a small dip on NYSE open for the SP500. I'll be looking to go long, as Oil is up 10% today, and the Daily has a nice W formation.

Energy sector represents 6.4% of Mkt Cap of SP500. So in a simplistic way, I'd be looking for 10% gains on 6.4%, which is 0.6% gains for the day, or target around 1939pts.
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