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Carpe diem: Intraday tactics for Dax and Dow

  • #20,601
  • Mar 15, 2016 1:18pm Mar 15, 2016 1:18pm
Quoting Forexcube
Long @ 17'220 (10x) the daily shadow was shaping out, ...this could be get more power for the upside. US30USD 2016 March 15 {image}
#20'555

Exit @ 17'237, +17 (x10 = 170)
  • #20,602
  • Mar 15, 2016 1:43pm Mar 15, 2016 1:43pm
Quoting don555
What are the most reliable indicators to use in the smaller time-frames when trading it ?
Sorry for my late replay. I use Directional Movement Index Cross System + MACD Histogram Tops/Bottoms Reversal System provided in my trading platform. I found both systems useful but avoid using then during news.
Good luck
It is not a shame to fall .. but shame that we cannot rise
  • #20,603
  • Mar 16, 2016 12:15am Mar 16, 2016 12:15am
Quoting PariCovek
See these as the crucial levels to watch today. Anticipated range where bold/asterix. Immediate Resistance: 10,046.50pts: R1 9,985.90pts: 5M - 200 SMA* 9,982.60pts: 1H - 20 SMA 9,976.40pts: 1H - 7 SMA 9,975.90pts: 4H - 7 SMA 9,970.10pts: 1M - 200 SMA Immediate Supports: 9,956.10pts: DPP 9,876.10pts: Daily - 7 SMA* 9,869.80pts: S1 9,809.60pts: 4H - 20 SMA 9,779.40pts: S2 9,773.601H - 200 SMA
That range I suggested yesterday before Open pretty much held for 24 hours - 9,985.90pts to 9,869.80pts.
  • #20,604
  • Mar 16, 2016 12:50am Mar 16, 2016 12:50am
1 hour and 10 minutes before the horse races start.. Place your bets
  • #20,605
  • Edited 3:36am Mar 16, 2016 1:56am | Edited 3:36am
I have a slight bullish bias, but not overly strong. We should push to at least R1 and 10,000pts again. Main reason, is Oil price held from its recent slip on the 20sma on Daily TF and moving up again, confirming still in uptrend.

There is a few SMA supports from 9960pts down to 9898pts (or BRN of 9900pts), the last support being the Daily 7sma.

I think these should hold today, unless something drastic happens.

Be careful, as we have FOMC later today (or tomorrow early morning for those in Aust).
  • #20,606
  • Mar 16, 2016 2:21am Mar 16, 2016 2:21am
Quoting Unique-SA
{quote} Sorry for my late replay. I use Directional Movement Index Cross System + MACD Histogram Tops/Bottoms Reversal System provided in my trading platform. I found both systems useful but avoid using then during news. Good luck
Thanks for the info
  • #20,607
  • Mar 16, 2016 3:18am Mar 16, 2016 3:18am
Quoting PariCovek
I have a slight bullish bias, but not overly strong. We should push to at least R1 and 10,000pts again. There is a few SMA supports from 9960pts down to 9898pts (or BRN of 9900pts), the last support being the Daily 7sma. I think these should hold today, unless something drastic happens. Be careful, as we have FOMC later today (or tomorrow early morning for those in Aust).
Ok, don't try this at home kiddies, as the expression goes. Another bit of burst trading.

I noticed another breakout 1min before XO. I then took quite a few trades at 9777pts and 9771pts, with the expectation to close them before the BRN of 10,000pts. Closed about 7 of them for +10, and then closed 2 of them for +20, and left one to run that closed on the last shooting star at 10,011pts for 40pts. If you look at the 2m 7sma, you will notice from XO until 18mins into trading it had not broken, a clear signal for me to have not hedged or cut my trades for losses.

Happy trading to you all.
  • #20,608
  • Mar 16, 2016 3:46am Mar 16, 2016 3:46am
Quoting PariCovek
{quote} Ok, don't try this at home kiddies, as the expression goes. Another bit of burst trading. I noticed another breakout 1min before XO. I then took quite a few trades at 9777pts and 9771pts, with the expectation to close them before the BRN of 10,000pts. Closed about 7 of them for +10, and then closed 2 of them for +20, and left one to run that closed on the last shooting star at 10,011pts for 40pts. If you look at the 2m 7sma, you will notice from XO until 18mins into trading it had not broken, a clear signal for me to have not hedged or cut...
How do you make a M2 chart?
  • #20,609
  • Mar 16, 2016 3:50am Mar 16, 2016 3:50am
Quoting jupiter13
{quote} How do you make a M2 chart?
Hmmm... I mean 2 min Time Frame (TF) chart. My broker allows it. Does yours? Attached.
Attached Image (click to enlarge)
Click to Enlarge Name: Dax30.png Size: 70 KB
  • #20,610
  • Mar 16, 2016 3:53am Mar 16, 2016 3:53am
Quoting PariCovek
{quote} Hmmm... I mean 2 min Time Frame (TF) chart. My broker allows it. Does yours? Attached. {image}
I see. You're using IG markets. I am using metatrader.
  • #20,611
  • Mar 16, 2016 4:34am Mar 16, 2016 4:34am
Very interesting that 20sma on 5m TF has held as support. And usually when the 7sma and 20sma are about to cross-over, there is a breakout either side. So watch this space.

We may also have a NRD (narrow range day) leading into FOMC, despite the market expecting no rate change, but the focus will be on the FOMC statement and/or dot plots regarding expected rate hikes in near future.
Attached Image (click to enlarge)
Click to Enlarge Name: Dax30.png Size: 75 KB
  • #20,612
  • Mar 16, 2016 4:40am Mar 16, 2016 4:40am
Double top soon form on DAX on 4 hours. If this time can't make another higher high, I am keeping my eye its gonna back to at maybe around 9500.
  • #20,613
  • Mar 16, 2016 4:47am Mar 16, 2016 4:47am
By the way, it is not likely DAX to breaks higher. SPX and DOW flat, FTSE doesn't aligned with DAX, NKY on profit taking after asian session selloff, YEN strong enough to hold. Not looking good on DAX to break higher.
  • #20,614
  • Mar 16, 2016 5:13am Mar 16, 2016 5:13am
Quoting ChinaTraderz
Double top soon form on DAX on 4 hours. If this time can't make another higher high, I am keeping my eye its gonna back to at maybe around 9500.
Options expire after 2 days
  • #20,615
  • Edited 5:44am Mar 16, 2016 5:34am | Edited 5:44am
Quoting Forexcube
... & all other open trades out at 9'910 (target), except the US30 (#20'555)
#20'601

The target was executed for #20'577, #20'578, #20'574, #20'562, #20'561, #20'552

DAX, H1, 2016 March 16
Attached Image (click to enlarge)
Click to Enlarge Name: DAX, H1, 2016 March 16.jpg Size: 101 KB
  • #20,616
  • Mar 16, 2016 5:34am Mar 16, 2016 5:34am
Quoting Forexcube
DAX, Short @ 9'925 (10x)
#20'577

Exit @ 9'910, +15 (x10 = 150)
  • #20,617
  • Mar 16, 2016 5:35am Mar 16, 2016 5:35am
Quoting Forexcube
DAX, Short @ 9'924 (10x)
#20'576

Exit @ 9'910, +14 (x10 = 140)
  • #20,618
  • Mar 16, 2016 5:36am Mar 16, 2016 5:36am
Quoting Forexcube
DAX, Short @ 9'921 (10x)
#20'574

Exit @ 9'910, +11 (x10 = 110)
  • #20,619
  • Mar 16, 2016 5:36am Mar 16, 2016 5:36am
Quoting Forexcube
DAX, Short @ 9'917 (10x)
#20'562

Exit @ 9'910, +7 (x10 = 70)
  • #20,620
  • Mar 16, 2016 5:37am Mar 16, 2016 5:37am
Quoting Forexcube
DAX, Short @ 9'920 (10x), Target @ 9'900 DAX, M5, 2016 March 15 {image}
#20'561

Exit @ 9'910, +10 (x10 = 100)
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