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Carpe diem: Intraday tactics for Dax and Dow

  • #21,501
  • Apr 28, 2016 12:54am Apr 28, 2016 12:54am
I've hedged all my orders yesterday evening.

Daily, Weekly & Monthly chart didn't give a clear picture where I'm willing to take any risk over with swinging trades in this ambigous market situation.
EMA200/Daily could be running down by the market price today. The other way around (increasing) seems also possible just as well.
Bigger price movements could be expected, uncertain the direction.
I think I didn't trade today. Maybe some scalping trades here & there in the afternoon later.
Have a nice event.
I wish you green & happy pips.
FXcube
  • #21,502
  • Apr 28, 2016 1:33am Apr 28, 2016 1:33am
Quoting Forexcube
{quote} #21'498 Delete the target @ 10'180 Exit @ 10'340, +13 (x10 = 130) FXcube
Would have been nice to still be holding some of these shorts today. I am shorting today
  • #21,503
  • Apr 28, 2016 2:07am Apr 28, 2016 2:07am
Short and waiting for it to drop big time.. Patience....
  • #21,504
  • Apr 28, 2016 2:28am Apr 28, 2016 2:28am
Quoting stylinex
Short and waiting for it to drop big time.. Patience....
Bounce off of the H3 100sma which is also a nice round number, with S2 just below. It may well fall further, but there's plenty of support and technically, a " big time " fall isn't really on the cards right now.
  • #21,505
  • Apr 28, 2016 2:34am Apr 28, 2016 2:34am
Was watching the 10220 zone carefully, as it was support last two days, so i bought some trades at 10207. Exited some for +15, and exited another for +45, and last one for +80.

Trade safe guys.
  • #21,506
  • Apr 28, 2016 2:51am Apr 28, 2016 2:51am
It can fall further today, but for the past 4 days, including so far today, this 10,200 level is holding firm. I think this move is key, as this turn south again from the bounce will either break this level, or it will fail for the day, but looking at the Dax and the Dow presently, I see no reason for a sustained sell off today at least. The uptrend is still in place even though it has lost momentum and could well be in a longer term transition phase towards more bearish conditions, but I don't see it yet.

ps - my own final support level for today if we go down is S3 at 10,135, which is also on top of the H2 200ema on my charts.
  • #21,507
  • Apr 28, 2016 2:57am Apr 28, 2016 2:57am
Quoting cat
{quote} Bounce off of the H3 100sma which is also a nice round number, with S2 just below. It may well fall further, but there's plenty of support and technically, a " big time " fall isn't really on the cards right now.
I think that retrace we just saw was meant to take out all the stop losses in place for those that moved their stop losses. My guess is we head down today. Let's see as I may be wrong but my bet for today is down and I believe we hit 10,200 or under at one point or another. There seems to be very strong resistance though here at 10,250 I am holding my short position
  • #21,508
  • Apr 28, 2016 2:59am Apr 28, 2016 2:59am
Germany's unemployment numbers were just released and they were -16K with a Forecast of 4K and previous was -3K which is bad but that news may get brushed aside as DAX is going up and down now like a Yo-You following US futures
  • #21,509
  • Apr 28, 2016 3:06am Apr 28, 2016 3:06am
I want to see 10,200 today. Volatility seems to be back 😊
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  • #21,510
  • Apr 28, 2016 3:14am Apr 28, 2016 3:14am
Quoting jmss59
GM. New PP and SR
Morning to you Afternoon here in Asia already.
  • #21,511
  • Apr 28, 2016 3:15am Apr 28, 2016 3:15am
New PP and SR
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  • #21,512
  • Apr 28, 2016 3:17am Apr 28, 2016 3:17am
[quote = stylinex; 8897371] {} cita mañana a usted . Por la tarde aquí en Asia ya [/ quote]
agree, because good afternoon for Asian
  • #21,513
  • Apr 28, 2016 3:28am Apr 28, 2016 3:28am
Quoting stylinex
{quote} I think that retrace we just saw was meant to take out all the stop losses in place for those that moved their stop losses. My guess is we head down today. Let's see as I may be wrong but my bet for today is down and I believe we hit 10,200 or under at one point or another. There seems to be very strong resistance though here at 10,250 I am holding my short position
My 10,200 target price hit
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  • #21,514
  • Apr 28, 2016 4:25am Apr 28, 2016 4:25am
Quoting cat
It can fall further today, but for the past 4 days, including so far today, this 10,200 level is holding firm. I think this move is key, as this turn south again from the bounce will either break this level, or it will fail for the day, but looking at the Dax and the Dow presently, I see no reason for a sustained sell off today at least. The uptrend is still in place even though it has lost momentum and could well be in a longer term transition phase towards more bearish conditions, but I don't see it yet. ps - my own final support level for today...
Bought some Longs at 10130pts for a nice and quick +35 whilst in the pub having a steak and wine lol. thanks for coming.

Yeah, its either a buy around 10110-10130 level, if this breaks, i have the bottom of my trend channel for today around 10050, and if this breaks then 10,000 and below that is 9500. Dax is make or break around 10110-10130 level for uptrend to maintain IMO.
  • #21,515
  • Apr 28, 2016 4:46am Apr 28, 2016 4:46am
Quoting PariCovek
{quote} Bought some Longs at 10130pts for a nice and quick +35 whilst in the pub having a steak and wine lol. thanks for coming. Yeah, its either a buy around 10110-10130 level, if this breaks, i have the bottom of my trend channel for today around 10050, and if this breaks then 10,000 and below that is 9500. Dax is make or break around 10110-10130 level for uptrend to maintain IMO.
Did you see how low the Nikkei went today along with the YEN? Nikkei is -947 Points as of right now. I would sell a retrace or rebound on the DAX
  • #21,516
  • Apr 28, 2016 4:52am Apr 28, 2016 4:52am
[quote=PariCovek;8897492]{quote} Bought some Longs at 10130pts for a nice and quick +35 whilst in the pub having a steak and wine lol.

Flash bastard!!
  • #21,517
  • Apr 28, 2016 4:54am Apr 28, 2016 4:54am
Quoting ThirtyTen
{quote} sorry, should have clarified. Currently short DAX at 10,450. TP levels at 10,125 for +325pts. SP500 shorts still on. SL moved to trade entry.
TP triggered at 10125. Low so far, 10123.
Profit of +325 pips

Thank you TIME SERIES analysis.
  • #21,518
  • Apr 28, 2016 5:05am Apr 28, 2016 5:05am
Quoting stylinex
{quote} Did you see how low the Nikkei went today along with the YEN? Nikkei is -947 Points as of right now. I would sell a retrace or rebound on the DAX
Yes my friend, but this is the Dax. In theory, yes Equities are positively correlated, and there is a strong correlation with the Yen, if Yen appreciates then Equities move the opposite direction.

However, fundamentally, a more expensive Yen, means Jap products are more expensive against their German counterpart Exports, which is positive for the Dax, it also means the Japs with a stronger Yen can afford more German products, also positive for the Dax (as the Japs are a top 4 exporting trading partner of Germany).
  • #21,519
  • Apr 28, 2016 5:10am Apr 28, 2016 5:10am
[quote=cat;8897562]
Quoting PariCovek
{quote} Bought some Longs at 10130pts for a nice and quick +35 whilst in the pub having a steak and wine lol. Flash bastard!!
Lol! Its half-price steak night at the pub !
  • #21,520
  • Apr 28, 2016 5:38am Apr 28, 2016 5:38am
[quote=PariCovek;8897603]
Quoting cat
{quote} Lol! Its half-price steak night at the pub !
​nice trade PariCovek
even better that you doubled up with the half price steak!
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