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Carpe diem: Intraday tactics for Dax and Dow

  • #20,321
  • Edited 10:43pm Mar 1, 2016 10:26pm | Edited 10:43pm
Quoting stylinex
{quote} 9700 now we will probably trade between 9700-9800 until options expire. If we clear 9800 and continue up then I reckon the bear trend has reversed into bull trend again. Will be risky to trade in this range. Probably best to stay out until opportunity opens up again. Those that got in this morning around 9440 should have made a killing today.
Agreed, however, I always forget to follow up by trading the Asia session the next day after such a bullish move in European/US Equities. Sometimes these really bullish moves requires 24 hour trading.

We just broke the downtrend line that has been in play since 1 December 2015.

If we get a confirmation candle on the Daily above this downtrend line, then I think we should hit the Monthly 7sma (10233) and/or the Weekly 20sma (10266), with the next target being the 200sma on the Daily @ 10368. Even if we hit these targets, we could still move to new lows again if something blows up, but certainly right now, its risk-on sentiment.
  • #20,322
  • Edited 2:15am Mar 2, 2016 1:53am | Edited 2:15am
Hey guys, where are deltaone, Islander and the other experts

D...
  • #20,323
  • Mar 2, 2016 4:27am Mar 2, 2016 4:27am
there were other experts like me here who posted a lot but was without any response felt like shouting in the desert so why the effort

fwiw closed my long from 140 at 835 which was a profit target of a measured move (negative 27%) on DAX
  • #20,324
  • Mar 2, 2016 4:28am Mar 2, 2016 4:28am
i really felt like this was a good group to join, sad to see it bleeding to death
  • #20,325
  • Mar 2, 2016 4:45am Mar 2, 2016 4:45am
Quoting wbemsms
i really felt like this was a good group to join, sad to see it bleeding to death
I like your metaphor "bleeding to death". I think most traders prefer forex markets. That's why there is only one tread on DAX.
  • #20,326
  • Mar 2, 2016 4:45am Mar 2, 2016 4:45am
Long dax here two entries. 9731/35
  • #20,327
  • Mar 2, 2016 4:46am Mar 2, 2016 4:46am
Quoting wbemsms
there were other experts like me here who posted a lot but was without any response felt like shouting in the desert so why the effort fwiw closed my long from 140 at 835 which was a profit target of a measured move (negative 27%) on DAX
Well done. Nicely done. What are the time frames you're using for your trades?
  • #20,328
  • Mar 2, 2016 4:48am Mar 2, 2016 4:48am
Looking for a long around 9700/9710
  • #20,329
  • Mar 2, 2016 4:56am Mar 2, 2016 4:56am
M15 Chart. Hope we go down further. Say to 9650 trendline???
Attached Image (click to enlarge)
Click to Enlarge Name: DAX.PNG Size: 38 KB
  • #20,330
  • Mar 2, 2016 5:07am Mar 2, 2016 5:07am
Quoting lakhan
Long dax here two entries. 9731/35
Quoted wrong post lol. Out for -20. 9710/20 area looks OK to long. Still waiting.
  • #20,331
  • Mar 2, 2016 5:13am Mar 2, 2016 5:13am
Long dax 9717/22. Will add on the way up.
  • #20,332
  • Mar 2, 2016 5:22am Mar 2, 2016 5:22am
Quoting lakhan
Long dax 9717/22. Will add on the way up.
Out for +24 will Re enter again
  • #20,333
  • Mar 2, 2016 5:30am Mar 2, 2016 5:30am
Quoting lakhan
{quote} Out for +24 will Re enter again
Long again 9722 and 27.
  • #20,334
  • Mar 2, 2016 6:08am Mar 2, 2016 6:08am
Quoting lakhan
{quote} Long again 9722 and 27.
Out for +32. Going for lunch
  • #20,335
  • Mar 2, 2016 6:40am Mar 2, 2016 6:40am
Quoting lakhan
{quote} Long again 9722 and 27.
nice entry
  • #20,336
  • Mar 2, 2016 6:55am Mar 2, 2016 6:55am
Quoting stylinex
{quote} That spread is not all that great. But market moves more then just a few pips these days lol.. I picked them because I liked their platform on the iPhone and iPad. They also have offices here in Asia. You know of someone with a better platform and pip rates? They said they would drop spread of balance was $50K or $100K I did not feel like putting that much money in there to get a better pip spread.
#20'320

Hi stylinex!
Thank's for your answer!
All brokers have disadvantages IMO. I didn't detected the "best broker".
If you're content with your broker so stay with him.
Changing the broker could be a new adventure. I have change some brokers over 15 times in the last ten years & it has got more and more worse.
Dukascopy (extremely fast), IC Market & Oanda seems okay if I can say it in this way...but what's okay?
Things can only get better!
Mobility is one main argument, no doubt!...that you can trade everywhere at any time with handys & tablets.
FXcube
  • #20,337
  • Mar 2, 2016 7:21am Mar 2, 2016 7:21am
Quoting Decu33
trades 1st hour, M1 graph: {image} best,
Decu
I like your approach/charts -where could I learn more relating to your trading approach please ?
every Saint has a past. Every Sinner has a Future
  • #20,338
  • Mar 2, 2016 7:43am Mar 2, 2016 7:43am
A pullback over the next couple of days to any of the following wouldn't surprise me:

1. Bottom of yesterday's candle @ 9607,
2. 7sma on Daily @ 9536, or
3. 20sma on Daily and bottom of trend channel @ 9341pts.

I have hedged trades at the moment, after making a mess of things earlier today. Stupid leverage again.
Attached Image (click to enlarge)
Click to Enlarge Name: Dax30.png Size: 80 KB
  • #20,339
  • Mar 2, 2016 7:51am Mar 2, 2016 7:51am
Quoting PariCovek
A pullback over the next couple of days to any of the following wouldn't surprise me: 1. Bottom of yesterday's candle @ 9607, 2. 7sma on Daily @ 9536, or 3. 20sma on Daily and bottom of trend channel @ 9341pts. I have hedged trades at the moment, after making a mess of things earlier today. Stupid leverage again. {image}
Seems that even the Pro's mess it up sometimes. Do you trade the Dow in the afternoon?
  • #20,340
  • Mar 2, 2016 8:23am Mar 2, 2016 8:23am
Quoting jupiter13
{quote} Seems that even the Pro's mess it up sometimes. Do you trade the Dow in the afternoon?
Not often. Being based in Australia, it get's a little late for me.
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