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Carpe diem: Intraday tactics for Dax and Dow

  • #20,201
  • Feb 24, 2016 9:01am Feb 24, 2016 9:01am
Quoting Forexcube
I have closed all trades from today. I wish you a nice day. Maybe see you tomorrow. FXcube
Waiting for my last long 3rd try, partialy closed and taken profits letting the rest run for now.

Wishing you a good evening.
Trade what you see not what you think,..happy trading
  • #20,202
  • Feb 24, 2016 10:10am Feb 24, 2016 10:10am
Quoting Forexcube
{quote} #20'180 Hi Pattrader I miss Deltaone just as well. I hope he's coming back. The market is not the same as it was 5 years ago. High speed algorithm trading has pulverize the market step by step. You don't have any chance anymore to calculate price levels and risk. What I do is managing deposits without any SL on 10 to 20 accounts. I didn't put all my money into one or two accounts anymore. It's too dangerous since several years. I write a risk program on C/C++ currently for my trading style. FXcube
Yeah.. One account does not seem to be enough. Enter at a wrong time and you are screwed. These markets are rigged these days to take out stop loss orders and then head the other way after.
  • #20,203
  • Feb 24, 2016 7:13pm Feb 24, 2016 7:13pm
This gap up seems a little high, considering yesterday had practically no retracement at all until after NYSE came online and dropped the index to yesterday's lows.
  • #20,204
  • Edited 11:57pm Feb 24, 2016 11:27pm | Edited 11:57pm
May be some kind of support around 9,208 so be aware of that. Same resistance as yesterday which is the H2 200ema @ 9,338. Beyond this potential support, we could push lower today, though 9,188 could hold it as well, which is the 76.4%

ps - I should just add that that's not the only resistance, that's just my highest level, as basically, there are several resistance levels all the way up depending in which TF you are looking at, so certainly today, the direction of least resistance right now is down. I've got another fairly strong looking support level at around yesterday's low at 9,126.

pps - we're sitting right on the H4 100sma atm @ 9,237, so who knows which way London is going to take this.
  • #20,205
  • Feb 25, 2016 12:27am Feb 25, 2016 12:27am
I think today the selling continues? H1
Attached Image (click to enlarge)
Click to Enlarge Name: Watch This.PNG Size: 37 KB
  • #20,206
  • Feb 25, 2016 12:57am Feb 25, 2016 12:57am
I would like to see 9300 today. Probably head the other way though lol..
  • #20,207
  • Feb 25, 2016 1:01am Feb 25, 2016 1:01am
Quoting stylinex
I would like to see 9300 today. Probably head the other way though lol..
Be carefull. Shanghai tumbled -6,41%.
Stop going for the easy buck
  • #20,208
  • Feb 25, 2016 1:10am Feb 25, 2016 1:10am
Quoting derekw
I think today the selling continues? H1 {image}
Agree, totally, I think momentum to downside today with some sporadic buying in between.

Looks like the 20sma on 10m TF will contain any upside movement, and may be good to short if it touches this line on this TF.
  • #20,209
  • Feb 25, 2016 1:20am Feb 25, 2016 1:20am
Quoting TsunamiPL
{quote} Be carefull. Shanghai tumbled -6,41%.
Yeah.. I saw that one. That was pretty bad.
  • #20,210
  • Feb 25, 2016 1:26am Feb 25, 2016 1:26am
Quoting PariCovek
{quote} Agree, totally, I think momentum to downside today with some sporadic buying in between. Looks like the 20sma on 10m TF will contain any upside movement, and may be good to short if it touches this line on this TF.
Clearly have no idea today, don't listen to me today
  • #20,211
  • Feb 25, 2016 1:30am Feb 25, 2016 1:30am
Quoting PariCovek
{quote} Clearly have no idea today, don't listen to me today
We never do
  • #20,212
  • Feb 25, 2016 1:38am Feb 25, 2016 1:38am
Quoting cat
{quote} We never do
Have no idea or listen to him?
  • #20,213
  • Feb 25, 2016 1:50am Feb 25, 2016 1:50am
Quoting sakisf
{quote} Have no idea or listen to him?
Both...this place is like a home for the blind...all following each other around in circles
  • #20,214
  • Feb 25, 2016 1:52am Feb 25, 2016 1:52am
Quoting cat
{quote} We never do
Taiwan's Index was up 1% today. They are usually pretty conservative there. Let's see if we get some sort of a bounce back this week to finish the second week up this week. We have been on a 2 week up and 2 week down pattern so far this month. This week will mark the second week of the up pattern. Let's see if it sticks or breaks.
  • #20,215
  • Feb 25, 2016 2:13am Feb 25, 2016 2:13am
9208 looks like good buying opportunity
  • #20,216
  • Feb 25, 2016 2:30am Feb 25, 2016 2:30am
It seems a higher ambigous market situation currently.
I think I go shopping today by taking a lunch out.
Have a nice time!
I wish you green & happy pips!
FXcube
  • #20,217
  • Feb 25, 2016 2:49am Feb 25, 2016 2:49am
Horrible and choppy, I'm sitting on the sideline today i think!
  • #20,218
  • Feb 25, 2016 2:53am Feb 25, 2016 2:53am
Quoting Forexcube
It seems a higher ambigous market situation currently. I think I go shopping today by taking a lunch out. Have a nice time! I wish you green & happy pips! FXcube
I expect gains from here. Let's see..
  • #20,219
  • Feb 25, 2016 3:18am Feb 25, 2016 3:18am
Quoting stylinex
{quote} I expect gains from here. Let's see..
Waiting for it to touch 9300 as well if we can break the 9275 asian low resistance,

I was actually looking forward to breaking yesterday's evening high of 9348, however looking at the way things do not move at the moment I'm afraid we will probably not reach there although you never know, let's wait and see. As it looks now both euro and dax seem to be held in a tight range waiting 4 a break out, question always is which way, hope it shows the way eventually. In the mean time enjoy the german bears,..
Trade what you see not what you think,..happy trading
  • #20,220
  • Feb 25, 2016 3:57am Feb 25, 2016 3:57am
Quoting Pattrader
{quote} Waiting for it to touch 9300 as well if we can break the 9275 asian low resistance, I was actually looking forward to breaking yesterday's evening high of 9348, however looking at the way things do not move at the moment I'm afraid we will probably not reach there although you never know, let's wait and see. As it looks now both euro and dax seem to be held in a tight range waiting 4 a break out, question always is which way, hope it shows the way eventually. In the mean time enjoy the german bears,..
Looking to become more bright to the upside for the moment,..
Trade what you see not what you think,..happy trading
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