Carpe diem: Intraday tactics for Dax and Dow | Page 1102 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

DAX, Nikkei 225 and Dow Jones only 11 replies

CFD DAX & DOW and more 17 replies

Carpe Diem: Nikkei 225 14 replies

finding good trades with Nasdaq, dow, spx, and dax 43 replies

Daily pivot point indicator on mt4 for dow and dax 1 reply

Attachments: Carpe diem: Intraday tactics for Dax and Dow
Exit Attachments

Carpe diem: Intraday tactics for Dax and Dow

  • #22,021
  • May 11, 2016 2:33am May 11, 2016 2:33am
Now back under 10,000 again and it looks like it may stay under 10,000. I have no open positions now. Let's see if there is a retrace for the 1 hour candle
  • #22,022
  • May 11, 2016 2:41am May 11, 2016 2:41am
Quoting stylinex
{quote} I hate when that happens.
Yes, me too. Well, it's part of the Game. Dax can be wicked.
  • #22,023
  • May 11, 2016 2:46am May 11, 2016 2:46am
Quoting Schmidt
{quote} Yes, me too. Well, it's part of the Game. Dax can be wicked.
If one is not 100% sure it is better to just open a small position. We often get greedy and open larger positions ( I do this myself too). Trying to get better control of myself with this. The bigger positions can be quite costly when they go the other way. We often look at the rewards side of it but not the loss side of it. With QE funds and Hedge funds in this market they have Billions of Dollars on hand and a single small sell or buy entry from them can cause a dip to take out or stop loss or a spike to take out our stop loss.

What I really should do for today is just quit while I am up. Devil telling me I am on a roll and Angel telling me stop looking at all the Index screens lol...
  • #22,024
  • May 11, 2016 2:54am May 11, 2016 2:54am
Quoting Forexcube
maybe that volatile market movements dominate today's mercantile algorithm. sudden abrupt price erosions? let's see! FXcube
Very bizarre price movements, but luckily it is going down for me
Attached Image (click to enlarge)
Click to Enlarge Name: DAX.PNG Size: 51 KB
  • #22,025
  • May 11, 2016 2:57am May 11, 2016 2:57am
On H1 Chart I see Support at 9885. I think we go there today?
Attached Image (click to enlarge)
Click to Enlarge Name: DAX.PNG Size: 44 KB
  • #22,026
  • May 11, 2016 2:58am May 11, 2016 2:58am
On H4 Chart, price seems to have respected the trend line...
Attached Image (click to enlarge)
Click to Enlarge Name: DAX.PNG Size: 49 KB
  • #22,027
  • May 11, 2016 3:02am May 11, 2016 3:02am
Quoting stylinex
{quote} If one is not 100% sure it is better to just open a small position. We often get greedy and open larger positions ( I do this myself too). ..
That is true, but over the years I've become better and actually the first thing I do is calculate how much I can lose with this trade. The biggest Problem for me is to stay calm, if I had a few losing trades in a row. Better to call it a day and move on the next day, before you start to try to make your losses back with stupid revenge trades.
  • #22,028
  • May 11, 2016 3:56am May 11, 2016 3:56am
small long at 9995 Target 10080
  • #22,029
  • May 11, 2016 3:59am May 11, 2016 3:59am
Quoting Schmidt
small long at 9995 Target 10080
I think you are right, followed by the next leg down?
  • #22,030
  • May 11, 2016 4:09am May 11, 2016 4:09am
Quoting Schmidt
small long at 9995 Target 10080
If it gets to at least 10,030 would be nice. Pretty bearish today. Many red candles. Having a hard time getting over 10,000 right now
  • #22,031
  • May 11, 2016 4:11am May 11, 2016 4:11am
Quoting derekw
{quote} I think you are right, followed by the next leg down?
I wouldn't be surprised if the yellow trendline you drew in your Chart gets broken and we see new Highs.
  • #22,032
  • May 11, 2016 4:18am May 11, 2016 4:18am
I just gave up all my gains for the day. Stop loss order for bounce took the daily gains out.
  • #22,033
  • May 11, 2016 4:23am May 11, 2016 4:23am
Quoting stylinex
I just gave up all my gains for the day. Stop loss order for bounce took the daily gains out.
Sorry to hear that.
  • #22,034
  • May 11, 2016 4:28am May 11, 2016 4:28am
I am currently waiting at the sidelines on dax. No clear picture altho it getting lower, BUT, i recon there will be some kind of retrace before the real move up or down..

In neikkei i see a new short pattern, but wait for retrace before enter..

Cheers.
  • #22,035
  • May 11, 2016 4:28am May 11, 2016 4:28am
Quoting Schmidt
{quote} Sorry to hear that.
I guess today is a red day with a retrace looking pretty weak.
  • #22,036
  • May 11, 2016 4:37am May 11, 2016 4:37am
I am praying for a nice retrace now
  • #22,037
  • May 11, 2016 4:38am May 11, 2016 4:38am
Quoting stylinex
I am praying for a nice retrace now
Dax always retrace lol, unless there is red news..
  • #22,038
  • May 11, 2016 4:45am May 11, 2016 4:45am
Quoting acit
{quote} Dax always retrace lol, unless there is red news..
Made back all my losses but have not made back all my gains yet. Got most of them back
Attached Image (click to enlarge)
Click to Enlarge Name: image.jpeg Size: 172 KB
  • #22,039
  • May 11, 2016 4:49am May 11, 2016 4:49am
I closed at around 9990. No open positions now
  • #22,040
  • May 11, 2016 5:43am May 11, 2016 5:43am
Looks like DOW wants to open down a little in Pre-Market like the DAX did, maybe pop a bit after and then tank after that. Let's see if it plays out the same way that the DAX did today. Japan's Nikkei and Taiwan's Index played out similarly today
9 traders viewing now