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Carpe diem: Intraday tactics for Dax and Dow

  • #22,461
  • May 17, 2016 7:25am May 17, 2016 7:25am
Quoting Dutchy Daxy
{quote} Lot of US news coming out in 10 minutes
Been slowly deflating today.
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  • #22,462
  • May 17, 2016 7:36am May 17, 2016 7:36am
Positive data for USD > equities drop
  • #22,463
  • May 17, 2016 7:40am May 17, 2016 7:40am
Quoting Ken A
Positive data for USD > equities drop
Weird.. But USD is up agains YEN. Sitting at around 109.48 and why is positive data for USD mean that equity prices drop? You would think that good news would mean stocks and indexes rise..
  • #22,464
  • May 17, 2016 7:40am May 17, 2016 7:40am
Quoting Ken A
Positive data for USD > equities drop
Good news coud be bad news. Possible rate hike. News is maybe priced in the up move we had as well.
It's better to be out wishing to be in... than to be in wishing to be out!
  • #22,465
  • May 17, 2016 7:41am May 17, 2016 7:41am
Quoting stylinex
Bottom looks like 9875 now
9 points off now
  • #22,466
  • May 17, 2016 7:42am May 17, 2016 7:42am
Quoting stylinex
{quote} Weird.. But USD is up agains YEN. Sitting at around 109.48 and why is positive data for USD mean that equity prices drop? You would think that good news would mean stocks and indexes rise..
True but markets perceive USD will be more expensive funding ccy hence the drop in equities
  • #22,467
  • May 17, 2016 7:42am May 17, 2016 7:42am
Quoting Dutchy Daxy
{quote} Good news coud be bad news. Possible rate hike. News is maybe priced in the up move we had as well.
Rake hike prior to G7 meeting this week? That would be odd..
  • #22,468
  • May 17, 2016 7:44am May 17, 2016 7:44am
Quoting Ken A
{quote} True but markets perceive USD will be more expensive funding ccy hence the drop in equities
You think we bottomed yet for today?
  • #22,469
  • May 17, 2016 7:49am May 17, 2016 7:49am
Quoting stylinex
{quote} You think we bottomed yet for today?
I think so but possible for one last press down to Daily Pivot and today's trading channel bottom?
  • #22,470
  • May 17, 2016 7:49am May 17, 2016 7:49am
Quoting Ken A
{quote} For today maybe but nothing supports the upmove for DAX other than short coverings
Then why did QE funds buy so heavily on Friday?
  • #22,471
  • May 17, 2016 7:51am May 17, 2016 7:51am
Quoting derekw
I had today as a short day and so did well off that down leg. I'm re-entering shorts now at about 9970, expecting a target around 9895
My target for today is now 9870ish
  • #22,472
  • May 17, 2016 7:55am May 17, 2016 7:55am
Quoting derekw
{quote} My target for today is now 9870ish
Not too far off now.. I thought for sure we would finish up today earlier on. If we finish down then I will be wrong
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  • #22,473
  • May 17, 2016 7:57am May 17, 2016 7:57am
Quoting stylinex
{quote} Not too far off now.. I thought for sure we would finish up today earlier on. If we finish down then I will be wrong {image}
Yeah I saw that post, but this was the channel I saw for today. Closed all shorts as I'm not sure we'll get that pivot and the gap is closed....
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  • #22,474
  • May 17, 2016 7:59am May 17, 2016 7:59am
Soros doubled his short bets on S&P500
http://www.cnbc.com/2016/05/17/soros...n-1st-qtr.html
  • #22,475
  • May 17, 2016 7:59am May 17, 2016 7:59am
So the shorts work out ok today for me:
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  • #22,476
  • May 17, 2016 8:11am May 17, 2016 8:11am
Quoting Forexcube
US30USD, Short @ 17'677 (10x)
#22'409

Exit @ 17'653, +24 (x10 = 240)
A1* +240.-$
  • #22,477
  • May 17, 2016 8:15am May 17, 2016 8:15am
Quoting Forexcube
US30USD, Short @ 17'670 (10x), Target @ 17'310
#22'411

Selete the target @ 17'310
Exit @ 17'655, +15 (x10 = 150)
A2* +150.-$
  • #22,478
  • May 17, 2016 8:23am May 17, 2016 8:23am
DAX, Long @ 8'886 (10x), Target @ 10'000
  • #22,479
  • May 17, 2016 8:25am May 17, 2016 8:25am
Quoting Forexcube
AU200AUD, Short @ 5'388 (10x)
#22'413

Exit @ 5'387, +1
  • #22,480
  • May 17, 2016 8:26am May 17, 2016 8:26am
Quoting Forexcube
Nas100USD, Short @ 4'372 (10x)
#22'410

Exit @ 5'371, +1
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