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Carpe diem: Intraday tactics for Dax and Dow

  • #20,501
  • Mar 14, 2016 3:13am Mar 14, 2016 3:13am
Took another breakout trade on pre-trade open, set the TP for 50, just below the R1. And TP hit shortly after.

The price dropped in first 8 mins of trading, but what gave me confidence was the 20sma was holding on 5m TF. Check it out, never broken.

Re-entered on XO at 9950, thought it may get to 9940, thought entered and just set the TP for 30 and TP hit. Really not sure how the Dax will react around the BRN of 10k, so 80pts is enough for the day
  • #20,502
  • Mar 14, 2016 3:18am Mar 14, 2016 3:18am
Quoting PariCovek
Took another breakout trade on pre-trade open, set the TP for 50, just below the R1. And TP hit shortly after. The price dropped in first 8 mins of trading, but what gave me confidence was the 20sma was holding on 5m TF. Check it out, never broken. Re-entered on XO at 9950, thought it may get to 9940, thought entered and just set the TP for 30 and TP hit. Really not sure how the Dax will react around the BRN of 10k, so 80pts is enough for the day
Any time you see .80% rise or drop get in for the ride up or ride down. We usually see 1.8-3% in gains or losses from there
  • #20,503
  • Mar 14, 2016 3:24am Mar 14, 2016 3:24am
Quoting stylinex
{quote} Any time you see .80% rise or drop get in for the ride up or ride down. We usually see 1.8-3% in gains or losses from there
Yeah, I usually look at the Gain/Loss % often. Just wasn't sure though around the 10k level, so banked the profit early.

Top of the uptrend channel for today is around 10,090pts - might head there
  • #20,504
  • Mar 14, 2016 3:41am Mar 14, 2016 3:41am
I am shorting between 10,020 and 10,030 with a very tight stop loss. If it goes up a bit from there I will cut my losses as it could spike to 10,200. EU now has 20 Billion extra Euros now to play with.
  • #20,505
  • Mar 14, 2016 3:46am Mar 14, 2016 3:46am
After Draghi's 80 Billion Euro Viagra the DAX got a major Erection from 9500 lol..
  • #20,506
  • Mar 14, 2016 3:53am Mar 14, 2016 3:53am
Good pullback here on the Dax, its moving in line with the Oil price atm...
  • #20,507
  • Mar 14, 2016 4:44am Mar 14, 2016 4:44am
Love the viagra expression lol.
Same here though short with SL above today's high.
Enter Signature
  • #20,508
  • Mar 14, 2016 4:47am Mar 14, 2016 4:47am
Also got a short euro/usd running but I obviously have to change broker. 2 pip spread + 20$ commission return trip !!
Enter Signature
  • #20,509
  • Edited 9:55am Mar 14, 2016 5:12am | Edited 9:55am
....ambiguous market situation by comparing daily, weekly & monthly.
It shouldn't execute "swinging trades" this week, maybe some scalping events here & there.
FXcube
  • #20,510
  • Mar 14, 2016 12:16pm Mar 14, 2016 12:16pm
DAX, Short @ 10'000 (10x)
  • #20,511
  • Mar 14, 2016 2:31pm Mar 14, 2016 2:31pm
After the sell off at the beginning of the year the Dow has reached 17000. I see this area as an important level. I have attached a weekly chart with fib from December swing high to year low. Any thoughts on where to now? I am avoiding trading until fomc.
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  • #20,512
  • Mar 14, 2016 3:41pm Mar 14, 2016 3:41pm
Quoting Forexcube
DAX, Short @ 10'000 (10x)
#20'511

Exit @ 9'996, +4 (x10 = 40)
  • #20,513
  • Mar 14, 2016 10:37pm Mar 14, 2016 10:37pm
Today could be a great short day. I am going to try a short today on DAX in pre-market. Could get very ugly today. That last pop up we had could be what the drop down be today.
  • #20,514
  • Mar 14, 2016 10:46pm Mar 14, 2016 10:46pm
Quoting stylinex
Today could be a great short day. I am going to try a short today on DAX in pre-market. Could get very ugly today. That last pop up we had could be what the drop down be today.
Why such negative sentiment?

BoJ just announced they are buying more Govt Bonds, JREIT's and ETF's under their QE programme. JPY should weaken again.
  • #20,515
  • Mar 14, 2016 10:56pm Mar 14, 2016 10:56pm
See Asian stocks also read this article.
http://asia.nikkei.com/Markets/Curre...hadow-over-yen
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  • #20,516
  • Mar 14, 2016 11:15pm Mar 14, 2016 11:15pm
Too bad I can not trade now. Anyone have an account where they could trace DAX Index now at this time. I have to wait 2 more hours
  • #20,517
  • Mar 14, 2016 11:16pm Mar 14, 2016 11:16pm
Quoting stylinex
See Asian stocks also read this article. http://asia.nikkei.com/Markets/Curre...hadow-over-yen {image}
Asian Equities are not too bad, despite all in the red. ASX is much lower as Commodities prices have dipped again.

Maybe consider going long Gold then as well, but it looks a bit bearish on the Daily TF.
  • #20,518
  • Mar 14, 2016 11:18pm Mar 14, 2016 11:18pm
Quoting stylinex
Too bad I can not trade now. Anyone have an account where they could trace DAX Index now at this time. I have to wait 2 more hours
Can't you get an account that offers "Cash Stock Index CFDs"? Gives you 24hrs x 5 day continual prices.
  • #20,519
  • Mar 15, 2016 12:37am Mar 15, 2016 12:37am
Same here, I've tried several brokers and only the S&P and DJIA are 24 hours. DAX futures open in 1hour and 20 minutes, that's the earliest I can get in.
Enter Signature
  • #20,520
  • Mar 15, 2016 12:52am Mar 15, 2016 12:52am
Quoting johninthai
Same here, I've tried several brokers and only the S&P and DJIA are 24 hours. DAX futures open in 1hour and 20 minutes, that's the earliest I can get in.
http://www.forex.com/uk/support/product-details.html
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