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Carpe diem: Intraday tactics for Dax and Dow

  • #20,941
  • Mar 31, 2016 2:44am Mar 31, 2016 2:44am
Quoting asgcorp
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. {image}
Strong USD is good for the Dax... It makes German exports cheaper for USA to purchase, which in turn leads to higher Dax company revenues/profits. According to trade data from Germany, the USA is the number 1 importing nation by dollar value for German exports. Followed by France, UK and China as the next largest importing nations of German exports. Just look at the Dax in April 2015, when EURUSD hit its lows, or the inverse when the USDEUR hit its highs.
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  • #20,942
  • Mar 31, 2016 3:21am Mar 31, 2016 3:21am
I didn't trade today & make fitness.
(136% profit in march is absolutely relative,...& if it should have been "only" 20% it should be also okay!, shouldn't it?)
I wish you green & happy pips!
FXcube
  • #20,943
  • Mar 31, 2016 3:31am Mar 31, 2016 3:31am
Quoting Forexcube
I didn't trade today & make fitness. (136% profit in march is absolutely relative,...& if it should have been "only" 20% it should be also okay!, shouldn't it?) I wish you green & happy pips! FXcube
relative. are you kidding me? You did an amazing job, congrats, and have a good work out there!
  • #20,944
  • Mar 31, 2016 3:34am Mar 31, 2016 3:34am
Quoting ThirtyTen
{quote} ​trade strategy TP at 9971 on half position - cover risk ride remaining trade lower. if this move confirms, we will revisit 9406 for sure.
​covered risk at 9972 for + 46 pips.

SL on remaining position now at 10060. Free trade now which is how I like to have them.
  • #20,945
  • Mar 31, 2016 3:39am Mar 31, 2016 3:39am
Quoting Forexcube
I didn't trade today & make fitness. (136% profit in march is absolutely relative,...& if it should have been "only" 20% it should be also okay!, shouldn't it?) I wish you green & happy pips! FXcube
​great month of trading Forexcube.
wishing you more winners for April.
  • #20,946
  • Mar 31, 2016 4:15am Mar 31, 2016 4:15am
Quoting Forexcube
I didn't trade today & make fitness. (136% profit in march is absolutely relative,...& if it should have been "only" 20% it should be also okay!, shouldn't it?) I wish you green & happy pips! FXcube
Yes, it is ok Best to take some time off and enjoy the money made from the run ups and downs
  • #20,947
  • Mar 31, 2016 4:18am Mar 31, 2016 4:18am
DOW just turned green. Let's see if DAX retraces back up or not today.
  • #20,948
  • Mar 31, 2016 6:43am Mar 31, 2016 6:43am
us30 watching upside breakout above 17785 TP 18110 SL 17750. price structure on US30 H1 and above suggests we are going for new highs.
  • #20,949
  • Mar 31, 2016 11:49am Mar 31, 2016 11:49am
any ideas what's up next on US30? price got into verified resistance on higher timeframes.
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  • #20,950
  • Mar 31, 2016 9:45pm Mar 31, 2016 9:45pm
Quoting ThirtyTen
{quote} ​covered risk at 9972 for + 46 pips. SL on remaining position now at 10060. Free trade now which is how I like to have them.
Nice trade you have developing there...
  • #20,951
  • Mar 31, 2016 10:39pm Mar 31, 2016 10:39pm
Asia was in the red today so I reckon we follow today in Europe. Looks like a sell Friday. I was thinking that US would finish around these levels for this month to finish the monthly candle green which is still possible provided we do not tank today in America. News out of Japan today was bad. YEN is still strong
  • #20,952
  • Mar 31, 2016 11:18pm Mar 31, 2016 11:18pm
I'm thinking we go down to Sup4?
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  • #20,953
  • Mar 31, 2016 11:28pm Mar 31, 2016 11:28pm
Long @ 9831, SL @ BE, 9861 TP.
  • #20,954
  • Mar 31, 2016 11:38pm Mar 31, 2016 11:38pm
Quoting PariCovek
Long @ 9831, SL @ BE, 9861 TP.
TP hit
  • #20,955
  • Mar 31, 2016 11:44pm Mar 31, 2016 11:44pm
I wouldn't be surprised if we drop in a typical friday fashion through the course of the day.

There could be mini bounces of buying, although it may be limited, around these levels:
9800pts: BRN,
9791pts: S3, and
9741pts: 61.8% Fib.

I'd be surprised if we get lower than 9741pts today, but we should may get there early next week.
  • #20,956
  • Mar 31, 2016 11:50pm Mar 31, 2016 11:50pm
Hi,
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Best of luck,
  • #20,957
  • Mar 31, 2016 11:50pm Mar 31, 2016 11:50pm
Quoting PariCovek
Long @ 9831, SL @ BE, 9861 TP.
Our low today was 9865. Now we are at 9900
http://www.investing.com/indices/indices-futures
  • #20,958
  • Mar 31, 2016 11:58pm Mar 31, 2016 11:58pm
Quoting stylinex
{quote} Our low today was 9865. Now we are at 9900 http://www.investing.com/indices/indices-futures
Yeah, Futures quotes are different to Cash Index CFDs. I think it has to do with Dividend estimates and a few other things being inputted into the quotes.
  • #20,959
  • Apr 1, 2016 12:26am Apr 1, 2016 12:26am
anyone plan to short US30?
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  • #20,960
  • Apr 1, 2016 12:48am Apr 1, 2016 12:48am
I was Long at 9787pts... Didn't like my chances at the time as there was no sign of buyers for 20mins, but put SL at BE and rode it for +30. I'm done for the day.

Trade safe and enjoy the weekend !
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