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Carpe diem: Intraday tactics for Dax and Dow

  • #20,241
  • Feb 26, 2016 1:56am Feb 26, 2016 1:56am
I agree with Pari in that we should be heading higher, however, we have stopped for now on the H4 200sma as he says, and we are only just below the 76.4%, which could mean that potentially it is a risky place to load up on longs right here. Having said that, there is room to the upside if we can get above the current level, with the next big resistance coming in at 9,528 which is the H4 200ema. However, I've been bullish on the DOW since thye middle of Feb, and see it hitting at least 17,000 pretty soon, so obviously the Dax will follow.

London open 5 mins away now, so we could dip to bring it down to a safer level to buy, which is the sort of thing the London boys usually do. Good luck.
  • #20,242
  • Feb 26, 2016 2:04am Feb 26, 2016 2:04am
GM,

long 9, 457 sl 20
  • #20,243
  • Feb 26, 2016 2:06am Feb 26, 2016 2:06am
Quoting Decu33
GM, long 9, 457 sl 20
sl - be
  • #20,244
  • Feb 26, 2016 2:08am Feb 26, 2016 2:08am
Quoting Decu33
{quote} sl - be
out 30 points
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  • #20,245
  • Feb 26, 2016 2:12am Feb 26, 2016 2:12am
I got a feeling we see 9600 followed by 9800 unless this is the icing on the two week up game today.
  • #20,246
  • Feb 26, 2016 2:22am Feb 26, 2016 2:22am
Quoting PariCovek
{quote} Didn't have time to post, but I saw the massive break above the 200sma on 2m, 1m TFs, just before Pre-Trade Opened. This is a very bullish sign, so I went long several mini contracts. 5 x 10pts. 1 x 30pts. We've broken above 200sma on 4H as I type (9456pts), so we could be going a bit higher. Might have to wait for XO now for a possible long entry. Apparently European Corp Earnings were good yesterday, explains why it moved strongly from yesterday.
Looks like I was right today


Took some more pips, that's enough for the week... off to pub to watch the football
  • #20,247
  • Feb 26, 2016 2:23am Feb 26, 2016 2:23am
G20 meeting in Shanghai this week. Markets always rise during meeting. Anyone know exact dates of first and last day of meetings?
  • #20,248
  • Feb 26, 2016 2:47am Feb 26, 2016 2:47am
Quoting PariCovek
{quote} Looks like I was right today Took some more pips, that's enough for the week... off to pub to watch the football
GOOD call... followed you a bit later.. done WELL
  • #20,249
  • Feb 26, 2016 2:50am Feb 26, 2016 2:50am
Dax long currenly +50, looking for +60 and out at 9550...
OH wow, what a surprise miss my TP but tiny amounts then it drops, happens too much, closed at +30 not letting this retrace back to B.E
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  • #20,250
  • Feb 26, 2016 3:04am Feb 26, 2016 3:04am
trades 1st hour, M1 graph:
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best,
  • #20,251
  • Feb 26, 2016 3:21am Feb 26, 2016 3:21am
9700 by next week
  • #20,252
  • Feb 26, 2016 3:24am Feb 26, 2016 3:24am
short 9, 549
sl - 9, 564
  • #20,253
  • Feb 26, 2016 3:37am Feb 26, 2016 3:37am
options expire at the end of the 3rd week of March. At the beginning of this year/quarter the DAX was just over 10,700 and then it hit a low of 8752 on February 11th. If you take the high and the low and want to get a close in the middle you would get roughly 9747.5
Take or give we should see 9700 hit easily before these options expire this quarter. Now if we turn bullish we continue to climb but if we remain bearish then we decline after hitting 9700-9800. This is my observation
  • #20,254
  • Feb 26, 2016 3:50am Feb 26, 2016 3:50am
Quoting Decu33
short 9, 549 sl - 9, 564
sl hit -15
had a prior trade where the SL also hit for a loss of 10 points:

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  • #20,255
  • Feb 26, 2016 4:44am Feb 26, 2016 4:44am
Quoting Forexcube
DAX, Long @ 9'475 (10x), Target @ 9'725 (~Fib38.2% 2015.11.30 - 2016.02.11 Weekly) & counterbalance #20'091
#20'161

Exit @ 9'531, +56 (x10 = 560)
  • #20,256
  • Feb 26, 2016 4:46am Feb 26, 2016 4:46am
Quoting Forexcube
DAX Long @ 9'482 (10x) to counterbalance #20'087
#20'163

Exit @ 9'534, +52 (x10 = 520)
  • #20,257
  • Feb 26, 2016 4:49am Feb 26, 2016 4:49am
Quoting Forexcube
PO DAX, Long @ 9'328 (~Fib 23.6% 2015.11.30 - 2016.02.11 Weekly) (5x)
#20'162

was executed 2016.02.24 - L9'120

Exit @ 9'539, +211 (x5 = 1'055)
  • #20,258
  • Edited 5:29am Feb 26, 2016 4:54am | Edited 5:29am
DAX, Daily, 2016 February 26
...flags in a downside move.
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  • #20,259
  • Feb 26, 2016 4:59am Feb 26, 2016 4:59am
20'259 could also be in line with stylinexs' arguments (20'254), ...approximately...by rule-of-thumb.
Around 9'745 EMA55/Daily could be one event more, either the market will running down this line and the market moves stright away to 10'000/10'300 (march, april seems excellent months for a moving up) or we crashed down & be aware of all the malfunction - the market desaster (includes a lot of international market failures)!
FXcube
  • #20,260
  • Feb 26, 2016 5:12am Feb 26, 2016 5:12am
Quoting stylinex
options expire at the end of the 3rd week of March. At the beginning of this year/quarter the DAX was just over 10,700 and then it hit a low of 8752 on February 11th. If you take the high and the low and want to get a close in the middle you would get roughly 9747.5 Take or give we should see 9700 hit easily before these options expire this quarter. Now if we turn bullish we continue to climb but if we remain bearish then we decline after hitting 9700-9800. This is my observation
I agree totally, the price could intersect the down trend line that's been in play since 1 December 2015 @ approximately 9,725pts currently. So not far from your range, and this to me is the ultimate signal of whether we go higher on a break north of it, or fail at that level and go to new lows possibly.
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