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Carpe diem: Intraday tactics for Dax and Dow

  • #22,841
  • May 25, 2016 10:50am May 25, 2016 10:50am
Can someone open the door for the buyers please?
It's better to be out wishing to be in... than to be in wishing to be out!
  • #22,842
  • May 25, 2016 11:27am May 25, 2016 11:27am
Quoting Dutchy Daxy
Can someone open the door for the buyers please?
I think this is a sell opportunity waiting in the curtains. This is a down market. I think slowly the dawning of the paper trades is materializing and no one can pay them back, ever. I think we are seeing the topping out of this. We are living through it. This collapse will take an awful long time because we all rely on it, but inevitably it will happen. The last ten years of derivatives, useless bonds, and treasury creations is exponentially large and is bringing this game to a head. Being short the shit will pay. Sell the tops and hold. that's my 10 cents. So long as you can carry margin we are in a short trade no matter how high we go up.
  • #22,843
  • May 25, 2016 11:31am May 25, 2016 11:31am
Anybody seeing a good chance of a gap down if it doesn't make a new high until close?
  • #22,844
  • May 25, 2016 11:35am May 25, 2016 11:35am
Quoting derekw
{quote} I think this is a sell opportunity waiting in the curtains. This is a down market. I think slowly the dawning of the paper trades is materializing and no one can pay them back, ever. I think we are seeing the topping out of this. We are living through it. This collapse will take an awful long time because we all rely on it, but inevitably it will happen. The last ten years of derivatives, useless bonds, and treasury creations is exponentially large and is bringing this game to a head. Being short the shit will pay. Sell the tops and hold....
I agree, to a degree, they could drag these games out for another 5 years... no doubt they will make it as hard as possible for us to predict which is why FX is so spot on with ... this could go to 12000 or below 9000, (Expect the unexpected?) ... (Don't read to much zerohedge as its very one sided, talk sense but the market makes no sense)

We have the beginning of the G7 meeting tomorrow & Yellen friday, direction is anyones guess atm
Que Sera
  • #22,845
  • May 25, 2016 11:36am May 25, 2016 11:36am
Wouldn't be surprised to see the very top of the outside channel @ c 10500 ?
Que Sera
  • #22,846
  • May 25, 2016 11:43am May 25, 2016 11:43am
We are sold on the fact that we must have growth to survive that when no growth is happening we create fictitious wealth so far into the future to make today work that we have become totally over extended. And why the migrations into Europe? Because without them the population of Europe is stable to declining and that means no growth. People have not yet figured our how to cope with no growth or in fact decline and still be profitable. It just doesn't compute for us in the way we have been tutored. So we can't cope if there's no growth. We live in a time where this decline in growth is becoming the end game. We could figure it out, but our frenzy for growth is not allowing us to. Even worse with slowing population growths, we need to take into account how robots and computers are going to take even more human opportunities away. I think we are living through this phase. Declines in markets are going to be met with, "throw everything at it to stop it," with reckless abandon. But it is coming. If anything we do in equities,now, is short it will eventually pay. No Stop loss. Seek the sells.
  • #22,847
  • May 25, 2016 11:47am May 25, 2016 11:47am
@Derekw - thanks for sharing your indicators a while ago - do you mind also sharing the BSTrend indy (tried the link on your website, but to no avail)

many thx
  • #22,848
  • May 25, 2016 11:47am May 25, 2016 11:47am
Quoting derekw
We are sold on the fact that we must have growth to survive that when no growth is happening we create fictitious wealth so far into the future to make today work that we have become totally over extended. And why the migrations into Europe? Because without them the population of Europe is stable to declining and that means no growth. People have not yet figured our how to cope with no growth or in fact decline and still be profitable. It just doesn't compute for us in the way we have been tutored. So we can't cope if there's no growth. We live...
I agree bro for sure i would rather be short any day of the week in this system but that doesn't mean it can't or won't go to 15000 before it goes down. I've been screaming sell for 3 years based on facts but if they do not have their chess pieces in the correct places they will not jepodise it and keep running it up... apparently the answer is infanate debt, even to those who can't afford it ?... Crypto currencies and negative interest will save the big boys system long term!

AIMO of course.
Que Sera
  • #22,849
  • May 25, 2016 11:58am May 25, 2016 11:58am
Quoting Catempire
{quote} I agree bro for sure i would rather be short any day of the week in this system but that doesn't mean it can't or won't go to 15000 before it goes down. I've been screaming sell for 3 years based on facts but if they do not have their chess pieces in the correct places they will not jepodise it and keep running it up... apparently the answer is infanate debt, even to those who can't afford it ?... Crypto currencies and negative interest will save the big boys system long term! AIMO of course.
You are right about this. We don't know the extend to which this can go, but I do see the writing on the wall. we have popped Zimbabwe, ok Africa does this all by themselves, (I live in South Africa and I see it coming), Venezuela, Brazil is about to fall, and there are another dozen teetering. On currency issues? No it's corruption and theft if the highest nature. Individuals banking billions! I think we are going to see Marie Antoinette enmasse. For us as traders and trying to understand the economies and trade them. this is important.
  • #22,850
  • May 25, 2016 12:01pm May 25, 2016 12:01pm
i think most people on this forum have probably read or watched, The Big Short, but I think this is the big short.
  • #22,851
  • May 25, 2016 12:15pm May 25, 2016 12:15pm
I can't see the Dax going to 15,000pts this year, not even 12,400pts. We may see the top of that downtrend line, around 10,700pts in the short to medium term. I'll be prepared to short quite heavily if we get there.

I mean US Equities is nearing all time highs, but the Dax is way below its highs from last year, largely due to a number of factors like European Banks are less profitable in a low rate environment, emissions scandals in the auto industry, and Bayer's takeover proposal has wiped heaps off its mkt capt.

I see 2016 another year of a sideways chop out because we don't really have strong inflation in the major economic trading partners in order to push prices up and corporate profits. Stagnate PE ratios should contain any upside to these markets. I think its sideways, and possibly lower again, and then a strong lift after August.

Yes, and there is a mountain of debt out there, a few major corporate collapses, maybe a major bank or two, and this will all come crumbling down again.
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  • #22,852
  • May 25, 2016 12:18pm May 25, 2016 12:18pm
This is my view, Weekly Chart. This doesn't look bullish. but things change on a dime. You can see how i'm shorting , long term. I might be wrong. We might break this channel upside. in fact I wouldn't be surprised if we did. But I'll watch that play out with a short perspective.
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  • #22,853
  • May 25, 2016 12:42pm May 25, 2016 12:42pm
Since I have spent my 10 cents I can give my last 5 cents. If in a bull market price falls back you may be scared to buy, but in a bear market when price rises you would be scared to short it? It makes sense that market direction is very important. And that is in a long term. The one thing that is always going to win is that thing that is perceived as most valuable. And that is gold. we can chat more about that later as that is not the topic of DAX inrtaday.
  • #22,854
  • May 25, 2016 1:11pm May 25, 2016 1:11pm
but i think gold is going up and DAX is going down....
  • #22,855
  • May 25, 2016 1:11pm May 25, 2016 1:11pm
Quoting stylinex
{quote} I have to sit this one out now. I missed the run up. An entry now could be disastrous. I honestly can not call where the top is at. It could really continue to run from here or fall back next week. Will wait till I get a better signal.
#22'834

  • #22,856
  • May 25, 2016 1:14pm May 25, 2016 1:14pm
just maybe this is a great sell Dax opportunity....
  • #22,857
  • May 25, 2016 2:58pm May 25, 2016 2:58pm
Quoting derekw
This is my view, Weekly Chart. This doesn't look bullish. but things change on a dime. You can see how i'm shorting , long term. I might be wrong. We might break this channel upside. in fact I wouldn't be surprised if we did. But I'll watch that play out with a short perspective. {image}
Not sure what candle you are looking at but the last few hourly,4 hour and daily candles have been bullish. Being back at 10,200 has brought this week's candle into the bullish candle as well especially if we close above 10,200 this week.

This last pop from under 9780 gave us a good 400 point pop this week.
  • #22,858
  • May 25, 2016 3:23pm May 25, 2016 3:23pm
Quoting derekw
This is my view, Weekly Chart. This doesn't look bullish. but things change on a dime. You can see how i'm shorting , long term. I might be wrong. We might break this channel upside. in fact I wouldn't be surprised if we did. But I'll watch that play out with a short perspective. {image}
Why do you sell against trend? You need to close those sell and try to see what is going on. Where it failed to break at 9174 you should've closed sell and buy. Are you a demo trader or live trader?
  • #22,859
  • May 25, 2016 7:34pm May 25, 2016 7:34pm
I would not trade it or touch it today. Most likely trade flat to up a bit. If we pull back a bit I think it will retreat back to around 10,200 or above. Will wait and see what next week brings after leaders return from their trip to Japan.
  • #22,860
  • May 25, 2016 9:40pm May 25, 2016 9:40pm
@stylinex don't forget it is Thursday your favorite day lol. I will not trade today like you because last week Thursday my trade was bad. I might scalp for 10 points only lol.
It is not a shame to fall .. but shame that we cannot rise
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