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Carpe diem: Intraday tactics for Dax and Dow

  • #21,021
  • Apr 5, 2016 8:00am Apr 5, 2016 8:00am
Quoting PariCovek
{quote} Do you have a target in mind for shorting the SP500 - Both Entry Price and TP?
​I don't have a signal at the moment to short SP500.
I thought it might have had a few more legs in it to get to the 2083 level, but it fell slightly short at 2071.

My sense at the moment is when this downward move is over, the SP500 will have a go at breaking through that resistance line (blue) and will try and clear the downward trend line (red) which has been capping out moves higher since the all-time high back in May of last year.
Attached Image (click to enlarge)
Click to Enlarge Name: SP500 - Price Targets 5 Apr 2016.PNG Size: 198 KB
  • #21,022
  • Apr 5, 2016 8:07am Apr 5, 2016 8:07am
Quoting ThirtyTen
{quote} ​I don't have a signal at the moment to short SP500. I thought it might have had a few more legs in it to get to the 2083 level, but it fell slightly short at 2071. My sense at the moment is when this downward move is over, the SP500 will have a go at breaking through that resistance line (blue) and will try and clear the downward trend line (red) which has been capping out moves higher since the all-time high back in May of last year. {image}
Yeah, I think we fell short on SP500 because Crude Oil price has gone in reverse again the last few days, so it will drag their large Energy Sector within the SP500. Its also no surprise that we may have had some swooning by Fund Managers leading into the Quarter End (31 March), to improve their statement returns to clients, and probably explains why we have some selling now.
  • #21,023
  • Apr 5, 2016 8:28am Apr 5, 2016 8:28am
Long again, only 1 small contract at 9582pts. TP 9620pts.

It could easily drop to 9500pts if the Yanks want to push it there, but I feel we may oscillate around 9600pts.
  • #21,024
  • Apr 5, 2016 8:31am Apr 5, 2016 8:31am
Quoting PariCovek
{quote} Yeah, I think we fell short on SP500 because Crude Oil price has gone in reverse again the last few days, so it will drag their large Energy Sector within the SP500. Its also no surprise that we may have had some swooning by Fund Managers leading into the Quarter End (31 March), to improve their statement returns to clients, and probably explains why we have some selling now.
very good observation, as always.​
it does look like Crude wants to head lower - probably down to 50.0% Fib.
There is a decent "time" date coming in on Crude over the next day or so. It will be interesting to see if Crude hits $34.27.

That 11 Feb low at $26.05 had some almost perfect price and time alignments going for it, so I expect it to hold.
Attached Image (click to enlarge)
Click to Enlarge Name: Crude Oil - spot futures 5 Apr 2016.png Size: 240 KB
  • #21,025
  • Apr 5, 2016 8:46am Apr 5, 2016 8:46am
Quoting PariCovek
Long again, only 1 small contract at 9582pts. TP 9620pts. It could easily drop to 9500pts if the Yanks want to push it there, but I feel we may oscillate around 9600pts.
i am looking for the dip to 9513 then back up to 9600 for this seasson
  • #21,026
  • Apr 5, 2016 8:56am Apr 5, 2016 8:56am
Quoting Forexcube
US30USD, Long @ 17'587 (10x)
#21'021

Exit @ 17'610, +23 (x10 = 230)
  • #21,027
  • Apr 5, 2016 8:57am Apr 5, 2016 8:57am
US30USD, Long @ 17'605 (x10)
  • #21,028
  • Apr 5, 2016 8:57am Apr 5, 2016 8:57am
DAX, Long @ 9'592 (10x)
  • #21,029
  • Apr 5, 2016 8:58am Apr 5, 2016 8:58am
Quoting Forexcube
US30USD, Long @ 17'605 (x10)
#21'028

Exit @ 17'620, +10 (x10 =150)
  • #21,030
  • Apr 5, 2016 8:59am Apr 5, 2016 8:59am
Quoting Forexcube
DAX, Long @ 9'592 (10x)
#21'029

Exit @ 9'598, +6 (x10 = 60)
  • #21,031
  • Apr 5, 2016 9:00am Apr 5, 2016 9:00am
Quoting PariCovek
Long again, only 1 small contract at 9582pts. TP 9620pts. It could easily drop to 9500pts if the Yanks want to push it there, but I feel we may oscillate around 9600pts.
Long again at 9572pts.
  • #21,032
  • Apr 5, 2016 9:02am Apr 5, 2016 9:02am
Quoting Forexcube
DAX, Long @ 9'587 (10x)
#21'020

Exit @ 9'630, +43 (x10 = 430)
  • #21,033
  • Apr 5, 2016 9:03am Apr 5, 2016 9:03am
Quoting PariCovek
{quote} Long again at 9572pts.
Missed my TP on that spike by 1pt! come on!
  • #21,034
  • Apr 5, 2016 9:03am Apr 5, 2016 9:03am
Total: 230.- + 150.- + 60.- + 430.- = 870.-$
FXcube
  • #21,035
  • Apr 5, 2016 9:05am Apr 5, 2016 9:05am
DAX, Long @ 9'615 (10x)
  • #21,036
  • Apr 5, 2016 9:08am Apr 5, 2016 9:08am
Quoting PariCovek
{quote} Missed my TP on that spike by 1pt! come on!
Tp Hit +48. +15 on earlier one.
  • #21,037
  • Apr 5, 2016 9:08am Apr 5, 2016 9:08am
Quoting Forexcube
DAX, Long @ 9'615 (10x)
#21'036

Exit @ 9'630, +15 (x10 = 150)
  • #21,038
  • Apr 5, 2016 9:10am Apr 5, 2016 9:10am
DAX, Long @ 9'627 (10x)
  • #21,039
  • Apr 5, 2016 9:11am Apr 5, 2016 9:11am
DAX, Long @ 9'622 (10x)
  • #21,040
  • Apr 5, 2016 9:11am Apr 5, 2016 9:11am
US30USD, Long @ 17'684 (10x)
...is on the way to running down H1 EMA55
FXcube
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