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Carpe diem: Intraday tactics for Dax and Dow

  • #20,421
  • Mar 8, 2016 8:03am Mar 8, 2016 8:03am
Quoting lakhan
Ye. Some nice moves on dax. Got in at 9736 but might be looking to offload around 9790/800 area.
Closed for +34.
  • #20,422
  • Mar 8, 2016 8:05am Mar 8, 2016 8:05am
Quoting Forexcube
Total: 1'210.- +450.-$ + 620.-$ = 1'280.-$ That was it for today. Have a nice time! I wish you green pips! FXcube
Bravo Bravo! Congrats

I'm cursing that I was away from my computer for only 10mins, when it spiked with the Oil price about 2 hours ago. Totally missed that move!
  • #20,423
  • Edited 9:05am Mar 8, 2016 8:28am | Edited 9:05am
Quoting PariCovek
{quote} Bravo Bravo! Congrats I'm cursing that I was away from my computer for only 10mins, when it spiked with the Oil price about 2 hours ago. Totally missed that move!

Sorry there was a typing error: It's not 1'280.-$, the sum is 2'280.-$

It's absolutely indifferent. Next chance will happen!

Irrational bias?
Patience & risk management seems the crucial things towards these kind of irrational market movements.
FXcube
  • #20,424
  • Mar 8, 2016 10:25am Mar 8, 2016 10:25am
Quoting Forexcube
Total: 1'210.- +450.-$ + 620.-$ = 2'280.-$ That was it for today. Have a nice time! I wish you green pips! FXcube
You killed it today. Awesome work.
  • #20,425
  • Mar 9, 2016 12:54am Mar 9, 2016 12:54am
Looks like another negative start to the day. Oil at key resistance of 200sma on 5m, not sure it will make a big move today, unless the Yanks buy at NY ET 8am again.

Have noticed the Dax jumping about an hour before pre-trade hour, and now makes sense, as I believe Chinese Govt intervention kicks in Asia afternoon session, artificially boosting the other markets.

http://www.bloomberg.com/news/articl...s-battle-bears
  • #20,426
  • Mar 9, 2016 12:59am Mar 9, 2016 12:59am
I see a group of SMA supports from 9708 to 9692, and the key 1H 200sma at 9659. We break below that, then BRN of 9600.

Key resistance at 9747 and 9765, 4H 20sma and Daily 7sma respectively.
  • #20,427
  • Mar 9, 2016 2:41am Mar 9, 2016 2:41am
Quoting PariCovek
I see a group of SMA supports from 9708 to 9692, and the key 1H 200sma at 9659. We break below that, then BRN of 9600. Key resistance at 9747 and 9765, 4H 20sma and Daily 7sma respectively.
Looking like an upside day?
  • #20,428
  • Mar 9, 2016 2:44am Mar 9, 2016 2:44am
Quoting PariCovek
I see a group of SMA supports from 9708 to 9692, and the key 1H 200sma at 9659. We break below that, then BRN of 9600. Key resistance at 9747 and 9765, 4H 20sma and Daily 7sma respectively.

That was a nice neat range for XO. Captured 46pts there. Now will wait for NY 8am time, to see if Oil starts to get bought up, and Indices follow.
  • #20,429
  • Mar 9, 2016 2:49am Mar 9, 2016 2:49am
Quoting Amahesh
{quote} Looking like an upside day?
Could pullback here after the burst buying. Just be patient if you want to buy. Watch Oil movement too.
  • #20,430
  • Mar 9, 2016 2:54am Mar 9, 2016 2:54am
Quoting PariCovek
{quote} Could pullback here after the burst buying. Just be patient if you want to buy. Watch Oil movement too.
Do you currently have any pullback targets in mind?
  • #20,431
  • Mar 9, 2016 3:42am Mar 9, 2016 3:42am
Quoting Amahesh
{quote} Do you currently have any pullback targets in mind?
Sorry was away from desk, not really, BRN is always a good one, but see it has moved up again and now retracing. If you look at that most recent move up, it moved in line with Crude Oil.
  • #20,432
  • Mar 9, 2016 3:46am Mar 9, 2016 3:46am
Quoting PariCovek
{quote} Sorry was away from desk, not really, BRN is always a good one, but see it has moved up again and now retracing. If you look at that most recent move up, it moved in line with Crude Oil.
Also if you look at 20sma on 5m, its been holding support for Dax since XO. Currently testing it now.
  • #20,433
  • Mar 9, 2016 4:52am Mar 9, 2016 4:52am
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.
This... 9700-9800 until options expire unless something major happens
  • #20,434
  • Mar 9, 2016 5:14am Mar 9, 2016 5:14am
Just jumped onto that breakout. Took 30pts x 1. And 10pts x 2. I think that's enough for today, unless I see more breakouts
  • #20,435
  • Mar 9, 2016 6:08am Mar 9, 2016 6:08am
I wonder what Forexcube thinks about DAX for today!?
  • #20,436
  • Mar 9, 2016 6:31am Mar 9, 2016 6:31am
Dax short 9831.5
  • #20,437
  • Mar 9, 2016 6:33am Mar 9, 2016 6:33am
Can you explain why? I am kind of new in here...Thank you!
  • #20,438
  • Mar 9, 2016 6:35am Mar 9, 2016 6:35am
would have been my perfect entries... missed it, London open, Asian high
Attached Image
  • #20,439
  • Mar 9, 2016 6:53am Mar 9, 2016 6:53am
Quoting Arkfly
Can you explain why? I am kind of new in here...Thank you!
You won't get many people explaining why they entered a trade on this thread or any thread for that matter, but one, and I say one, of the reasons why people may be shorting at that level is the 76.4% fib level plotted from the March 4th high. The 12.20 candle on the 10m TF is also a bearish shooting star, which added to the 76.4%, gives a reasonably powerful sell signal.
  • #20,440
  • Mar 9, 2016 6:58am Mar 9, 2016 6:58am
Thank you CAT for your feedback... I saw that fibo but I have a small account...so I try to trade safe! Good luck!
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