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Carpe diem: Intraday tactics for Dax and Dow

  • #20,921
  • Mar 30, 2016 5:58pm Mar 30, 2016 5:58pm
Quoting PariCovek
{quote} TP hit. Waiting for a new Interim High.
short trade is on tonight, but only if we get a reversal signal. could be the start of a big swing move down if it confirms lower.
  • #20,922
  • Mar 30, 2016 6:00pm Mar 30, 2016 6:00pm
Quoting PariCovek
{quote} {quote} Thanks. Ok, back to why 29/30 March should be an interim high, please check this chart to see reversal dates on last 90, 120 and 180 anniversary date counts. If you want to learn more on these time series techniques, suggest you get in touch with my friend, and just mention my name for a decent discount. http://thetimefactor.com/About/stock...trategies.html His most recent trade setup was shorting the USD, please check here: http://thetimefactor.com/Blog/us-dol...ort-trade.html Note, my friend also...
market has moved higher into that end of March date - just as predicted. The Gann time frame will still be valid if we get reversal signal tonight (31st March).
S&P500 also moving toward price resistance at 2085...
feel like the markets are beginning to get a bit toppy
  • #20,923
  • Mar 30, 2016 6:56pm Mar 30, 2016 6:56pm
Quoting ThirtyTen
{quote} market has moved higher into that end of March date - just as predicted. The Gann time frame will still be valid if we get reversal signal tonight (31st March). S&P500 also moving toward price resistance at 2085... feel like the markets are beginning to get a bit toppy
Yeah, I am hoping we experience month-end/quarter-end swooning, where the Funds pump the index higher to show improved returns on their statements. So one more day of buying, and then Friday kicks in with some typical risk-off selling.
  • #20,924
  • Mar 30, 2016 8:20pm Mar 30, 2016 8:20pm
Quoting PariCovek
{quote} Yeah, I am hoping we experience month-end/quarter-end swooning, where the Funds pump the index higher to show improved returns on their statements. So one more day of buying, and then Friday kicks in with some typical risk-off selling.
you are probably right. I am expecting a bunch of stops to get triggered off if DAXXIE can poke its nose through 10,100 level. could very easily be a false break up, and reversal back down.
  • #20,925
  • Mar 30, 2016 11:35pm Mar 30, 2016 11:35pm
Long at 10,004pts. TP TBC, possibly 5m 200sma at 10,040pts. Will wait for PA on XO and decide.
  • #20,926
  • Mar 30, 2016 11:40pm Mar 30, 2016 11:40pm
Quoting PariCovek
Long at 10,004pts. TP TBC.
When did you get in at 10,004? Pre-Market never got that low today. 10,044 was the low in futures pre-market for today
  • #20,927
  • Mar 30, 2016 11:40pm Mar 30, 2016 11:40pm
Today is Thursday the famous reversal day..
  • #20,928
  • Mar 30, 2016 11:54pm Mar 30, 2016 11:54pm
Quoting stylinex
{quote} When did you get in at 10,004? Pre-Market never got that low today. 10,044 was the low in futures pre-market for today
I trade Germany30 Cash CFD's through IG Markets, its continuous pricing 24 x 5. Bought at 8am CET, right on pre-trade open.

I think the 200sma's on the 1m, 2m and 5m will be hard to break today, it will need burst buying on XO to break it. EURUSD climbing.
  • #20,929
  • Mar 31, 2016 12:04am Mar 31, 2016 12:04am
My guess for today will be a drop first followed by perhaps a retrace after.
  • #20,930
  • Mar 31, 2016 12:12am Mar 31, 2016 12:12am
us30 H1. don't see any reversal, in fact price cleared resistance which turns to support right now. buying into dips if any.
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  • #20,931
  • Mar 31, 2016 12:38am Mar 31, 2016 12:38am
Quoting PariCovek
{quote} I trade Germany30 Cash CFD's through IG Markets, its continuous pricing 24 x 5. Bought at 8am CET, right on pre-trade open. I think the 200sma's on the 1m, 2m and 5m will be hard to break today, it will need burst buying on XO to break it. EURUSD climbing.
Been buying and closing trades as they hit the 7sma and 20sma on 5m TF. Loads of mini trades, not good trading, I'd shift to shorts, but concerned we may get some swooning once EURUSD stops climbing.

EURUSD climbing is not helping the Dax, not one bit.
  • #20,932
  • Mar 31, 2016 12:46am Mar 31, 2016 12:46am
I closed my short at 10,020 from 10,038
  • #20,933
  • Mar 31, 2016 12:52am Mar 31, 2016 12:52am
​short DAX at 10,018
hopefully reversal signal is in place tonight
  • #20,934
  • Mar 31, 2016 1:01am Mar 31, 2016 1:01am
Quoting asgcorp
us30 H1. don't see any reversal, in fact price cleared resistance which turns to support right now. buying into dips if any. {image}
getting close to the potential buy area around 17633
  • #20,935
  • Mar 31, 2016 1:09am Mar 31, 2016 1:09am
us30 projected EW H1 looking to get long @ 17600-650 exit @ 17900
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  • #20,936
  • Mar 31, 2016 1:39am Mar 31, 2016 1:39am
Quoting ThirtyTen
​short DAX at 10,018 hopefully reversal signal is in place tonight
​trade strategy
TP at 9971 on half position - cover risk
ride remaining trade lower.
if this move confirms, we will revisit 9406 for sure.
  • #20,937
  • Mar 31, 2016 1:45am Mar 31, 2016 1:45am
dax daily potentially can push higher. don't hate the player hate the game, just saying.
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  • #20,938
  • Mar 31, 2016 1:49am Mar 31, 2016 1:49am
supplementary to the above
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  • #20,939
  • Mar 31, 2016 2:12am Mar 31, 2016 2:12am
if you guys don't mind me posting another chart on dollar index, it's a daily and we are closing in on the 15-20% bottom of the 2 year range. Yes dollar can still pull some more on the downside, however it's pretty much limited. Once we land into demand zone dollar should take off.

So for equities a stronger dollar should be bearish overall, so all in all I do agree with other posters here that we could turn @/close to 10 000 mark. Not saying that 5-7% rally is cast in stone.
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  • #20,940
  • Mar 31, 2016 2:43am Mar 31, 2016 2:43am
​thanks for the chart.
I think you hit the support levels on the DXY well. Can't keep going down in a straight line forever.
my question is, are we seeing a longer term shift in the US dollar that will continue into 2016 and 2017, or do you think this US dollar counter-bull move is over, and we go back to higher levels?
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