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Carpe diem: Intraday tactics for Dax and Dow

  • #20,361
  • Mar 3, 2016 10:03am Mar 3, 2016 10:03am
Quoting Forexcube
DAX, Long @ 9'715 (10x)
This was almost the exact bottom. Just curious. How have you decided that 9715 was the entry point? What on the H4 chart helped you determine the level?
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  • #20,362
  • Mar 3, 2016 10:05am Mar 3, 2016 10:05am
Quoting Forexcube
That was it for today for me! Have a nice time! FXcube
I like your trading style. You've hit your target, put the money safely in your account and off you go. Well done.
  • #20,363
  • Mar 3, 2016 10:32am Mar 3, 2016 10:32am
Quoting jupiter13
{quote} This was almost the exact bottom. Just curious. How have you decided that 9715 was the entry point? What on the H4 chart helped you determine the level? {image}
#20'363

H4 channel above the EMA55 Line in consolidation phase.
Take a look also at the red support line, please.
Hope it helps!
FXcube

DAX, H4, 2016 March 03
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  • #20,364
  • Mar 3, 2016 11:01am Mar 3, 2016 11:01am
Quoting Forexcube
{quote} #20'363 H4 channel above the EMA55 Line in consolidation phase. Take a look also at the red support line, please. Hope it helps! FXcube DAX, H4, 2016 March 03 {image} {image}
I see. So your entry level was based on the ema55 level which acted as support.
  • #20,365
  • Mar 3, 2016 12:44pm Mar 3, 2016 12:44pm
do you guys have any targets for the DAX?
  • #20,366
  • Mar 4, 2016 12:21am Mar 4, 2016 12:21am
Its been well supported around the low 9700, but the way EURUSD is travelling, I think we may test that level at some point today.

Any upside is capped at approximately 9892pts, which is top of trend channel.
  • #20,367
  • Mar 4, 2016 1:33am Mar 4, 2016 1:33am
Quoting Forexcube
DAX, Long @ 9'715 (10x)
GM,

In regards to this entry, what was your initial stop loss?
  • #20,368
  • Mar 4, 2016 4:55am Mar 4, 2016 4:55am
DAX, Long @ 9'800 (10x)
due to the actual more forced manipulation part of the market, IMO.
Let's see!
FXcube
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  • #20,369
  • Mar 4, 2016 5:11am Mar 4, 2016 5:11am
Quoting Forexcube
DAX, Long @ 9'800 (10x) due to the actual more forced manipulation part of the market, IMO. Let's see! FXcube {image}
Stop going for the easy buck
  • #20,370
  • Mar 4, 2016 5:12am Mar 4, 2016 5:12am
Quoting jupiter13
{quote} GM, In regards to this entry, what was your initial stop loss?
#20'368

Hi jupiter
If you follow my comments you would know that I don't like to trade with any kind of stop loss concepts, maybe in exceptional circumstances.
I trade with various risk concepts & enough deposits and with different accounts by managing never all my deposits on one account and at one broker.
Actual I have some indices long and at other accounts some indices short. It's the time and the risk profile which seems the important part in my trading style...
& I can wait by sitting my losses out...& I'm able to counterbalances longer term trade losses with scalping trades profits when it should be high time.
FXcube
  • #20,371
  • Mar 4, 2016 5:13am Mar 4, 2016 5:13am
Quoting Forexcube
DAX, Long @ 9'800 (10x) due to the actual more forced manipulation part of the market, IMO. Let's see! FXcube {image}
#20'369

Exit @ 9'840, +40 (x10 = 400)

DAX, M5, 2016 March 04
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  • #20,372
  • Mar 4, 2016 5:17am Mar 4, 2016 5:17am
Dear FX-community-trader!
One trade: +400.-$ (#20'273)
That was it for today.
I wish you green pips!
Have a nice time
&
bon week-end!
FXcube
  • #20,373
  • Mar 4, 2016 5:52am Mar 4, 2016 5:52am
Quoting Forexcube
Dear FX-community-trader! That was it for today. I wish you green pips! Have a nice time & bon week-end! FXcube
Congrats on your green pips today I got busy earlier on today and did not look at Index or follow much. Was at Bicycle Exhibition here in Taiwan today.
When this DAX heads down it tanks an asteroid falling from the sky but when it heads up it climbs like a space shuttle going to the moon.
  • #20,374
  • Mar 4, 2016 6:48am Mar 4, 2016 6:48am
Quoting Forexcube
{quote} #20'368 Hi jupiter If you follow my comments you would know that I don't like to trade with any kind of stop loss concepts, maybe in exceptional circumstances. I trade with various risk concepts & enough deposits and with different accounts by managing never all my deposits on one account and at one broker. Actual I have some indices long and at other accounts some indices short. It's the time and the risk profile which seems the important part in my trading style... & I can wait by sitting my losses out...& I'm able to counterbalances longer...
Thanks for your explanation.
  • #20,375
  • Mar 4, 2016 8:25am Mar 4, 2016 8:25am
Looks like rate hike closer than we think US. Explains initial buying on good results, mainly Algo's, then a sell down once reviewed by market participants along with the bullish move by EURUSD.

SP500 near 2000pts, so will be interesting to see if the sell down continues, or we push higher.
  • #20,376
  • Mar 4, 2016 8:35am Mar 4, 2016 8:35am
Quoting stylinex
{quote} Congrats on your green pips today I got busy earlier on today and did not look at Index or follow much. Was at Bicycle Exhibition here in Taiwan today. When this DAX heads down it tanks an asteroid falling from the sky but when it heads up it climbs like a space shuttle going to the moon.
Thank's stylinex.
So you're back from Amsterdam. Do you know the National Dong Hwa University or Taichung City Hall, Hualien County, National Taiwan University Library? Could you understand Hō-ló...?
FXcube
  • #20,377
  • Mar 4, 2016 8:44am Mar 4, 2016 8:44am
Quoting Forexcube
{quote} Thank's stylinex. So you're back from Amsterdam. Do you know the National Dong Hwa University or Taichung City Hall, Hualien County, National Taiwan University Library? Could you understand Hō-l...? FXcube
Back, stopped off in Thighland on the way back
I am not a student here in Taiwan but could ask for you. I do speak Mandarin but can not read or write.
  • #20,378
  • Mar 6, 2016 7:25am Mar 6, 2016 7:25am
Place your bets for this week. We finish up or down for the week. We got Mario this week as well.
  • #20,379
  • Mar 6, 2016 8:53pm Mar 6, 2016 8:53pm
So far it has been buy the dips play.. Oil is up also in Asia this morning.
Last Monday we had a dip followed by a reversal. Let's see if this week plays out the same.
http://www.marketoracle.co.uk/Article54316.html
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  • #20,380
  • Mar 7, 2016 12:33am Mar 7, 2016 12:33am
I still favour buying the dips, but I see the 200sma on 5m @ 9798pts as a big hurdle for today. We have German factory orders data on Pre-trade Hour open, so may spike, and possibly cause a frankfurt fakie.

If we can clear the 9800pts, then we could get into the 9850-9900pts range.

However, I think we could dip and support should be there around 9700pts (Daily 7sma @ 9711pts).

I'm not really expecting large volatility today, there are no Dax company earnings reports today.
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