Attachments: Carpe diem: Intraday tactics for Dax and Dow

Carpe diem: Intraday tactics for Dax and Dow

#22,261
May 12, 2016 10:47am May 12, 2016 10:47am

derekw
Joined Mar 2013 | Status: Trader | 1,581 Posts

H4, my original thoughts... The other scenario. Perhaps we are at a difficult spot?

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#22,262
May 12, 2016 11:04am May 12, 2016 11:04am

derekw
Joined Mar 2013 | Status: Trader | 1,581 Posts

The triangle shows that 9895 is a significant number to the GER30 - does anyone know why? Also note how today's violent price moves confirm the trend lines again?

#22,263
May 12, 2016 11:31am May 12, 2016 11:31am

Forexcube
Joined Nov 2009 | Status: Trader | 27,245 Posts

Quoting Forexcube

Disliked

DAX, Long @ 9'860 (10x), Target @ 10'000

Ignored

#22'250

Delete the target @ 10'000
Exit @ 9'900, +40 (x10 = 400)
A3* +400.-$

#22,264
May 12, 2016 7:15pm May 12, 2016 7:15pm

stylinex
Joined Aug 2013 | Status: Trader | 4,057 Posts

From May 21-27 Obama will be in Asia. I think if the Nikkei drops along with other Asian equities this week It would create a good buying opportunity during the week Obama is in Japan. If there was a good drop on the Nikkei and other Indexes this week then next week should be a good retrace opportunity while Obama is abroad. I reckon the same goes for US Indexes and not always but usually we see the DAX follow although the last few sessions we have seen the DAX go its own way in one way or another. From what I have seen is the DAX usually leads in gains or losses. Last few sessions DAX gained and then ended with losses which was what the US Indexes did as well.

#22,265
May 12, 2016 8:05pm May 12, 2016 8:05pm

stylinex
Joined Aug 2013 | Status: Trader | 4,057 Posts

Today should be ugly. If get a pop, short it!

#22,266
Edited 10:33pm May 12, 2016 8:34pm | Edited 10:33pm

stulic
Joined May 2011 | Status: grizzly long gone | 2,427 Posts

Quoting stylinex

Disliked

Today should be ugly. If get a pop, short it!

Ignored

Sounds rather pretty not ugly. Bugger messed me up again with the 10000 rebreak again but overall the bear continued.
You were right with your yo-yo Thursday theory but as long the asx 200 is below 5400 I'm riding a cash train.

Don't get mad, get even!

#22,267
May 12, 2016 9:06pm May 12, 2016 9:06pm

mehtabkk
| Joined Jan 2014 | Status: Trader | 106 Posts

Guys. Being new to indices I observed this correlation. I was wondering if there are some hard and fast rules to trade indices especially DE30?

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Traders gain some knowledge, win, their emotions kick in, and they die.

#22,268
May 12, 2016 11:14pm May 12, 2016 11:14pm

stylinex
Joined Aug 2013 | Status: Trader | 4,057 Posts

Quoting stulic

Disliked

{quote} Sounds rather pretty not ugly. Bugger messed me up again with the 10000 rebreak again but overall the bear continued. You were right with your yo-yo Thursday theory but as long the asx 200 is below 5400 I'm riding a cash train.

Ignored

Today we should finish down I believe. Not sure though if they will milk it up like yesterday before the drop. For shorts this is a good opportunity to short the retraces as it creates a good entry opportunity. My guess is down next week and then towards the end of next week or week after bounce back while the G7 meeting takes place.

#22,269
May 12, 2016 11:18pm May 12, 2016 11:18pm

stulic
Joined May 2011 | Status: grizzly long gone | 2,427 Posts

We've already had three red weekly candles, if this one closes lower as it looks it will, we're pointing down towards 8000 in the next couple of months and I'm really always right until I'm not anymore.

Don't get mad, get even!

#22,270
May 12, 2016 11:19pm May 12, 2016 11:19pm

jupiter13
| Joined Oct 2015 | Status: Trader | 67 Posts

Quoting stylinex

Disliked

{quote} Today we should finish down I believe. Not sure though if they will milk it up like yesterday before the drop. For shorts this is a good opportunity to short the retraces as it creates a good entry opportunity. My guess is down next week and then towards the end of next week or week after bounce back while the G7 meeting takes place.

Ignored

Shouldn't we have a little bit of a bounce today riding the positive GDP numbers?

#22,271
May 12, 2016 11:24pm May 12, 2016 11:24pm

stylinex
Joined Aug 2013 | Status: Trader | 4,057 Posts

Quoting jupiter13

Disliked

{quote} Shouldn't we have a little bit of a bounce today riding the positive GDP numbers?

Ignored

Possible I guess.. I went short myself at Pre-market opening. Will close position though and book profits. If I see a big retrace I will short again

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#22,272
May 12, 2016 11:26pm May 12, 2016 11:26pm

stylinex
Joined Aug 2013 | Status: Trader | 4,057 Posts

Quoting stulic

Disliked

We've already had three red weekly candles, if this one closes lower as it looks it will, we're pointing down towards 8000 in the next couple of months and I'm really always right until I'm not anymore.

Ignored

Many of us here make rigt calls and wrong calls. I always look forward to opinions from others here to see the other side of things of which I may not have seen or paid attention to. More eyes and more opinions are better for all of us here.

#22,273
May 12, 2016 11:26pm May 12, 2016 11:26pm

acit
Joined Nov 2013 | Status: Trader | 852 Posts

Quoting acit

Disliked

I will try a risky short here. Short Dax 9850.7 SL 9860.3 TP 9720.9

Ignored

sell dax now tp 9720 sl 9853.5

#22,274
May 12, 2016 11:27pm May 12, 2016 11:27pm

acit
Joined Nov 2013 | Status: Trader | 852 Posts

Quoting acit

Disliked

I will try a risky short here. Short Dax 9850.7 SL 9860.3 TP 9720.9

Ignored

should have hold my short witm sl 1:2...darn it..

#22,275
May 12, 2016 11:50pm May 12, 2016 11:50pm

stulic
Joined May 2011 | Status: grizzly long gone | 2,427 Posts

Quoting stylinex

Disliked

{quote} Many of us here make rigt calls and wrong calls. I always look forward to opinions from others here to see the other side of things of which I may not have seen or paid attention to. More eyes and more opinions are better for all of us here.

Ignored

Well mid to longer term trading requires a fundamental bias and that's why I like to hear other opinions too, terminally tho if my bias is questioned by to many contrary opinions I won't take the trade, or will reduce position size.
Day trading swing and scalping especially with indices is a different pair of shoes altogether but that's why we're here to share insights systems and opinions.

Don't get mad, get even!