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Carpe diem: Intraday tactics for Dax and Dow

  • #22,901
  • May 26, 2016 4:02am May 26, 2016 4:02am
Quoting Dano12
{quote} look at the cash market {image}
Yes, I guess these trend lines are in the eye of the beholder, but I think you are right - I'm waiting to be right!
  • #22,902
  • May 26, 2016 4:13am May 26, 2016 4:13am
M1 Chart - channel broken?
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  • #22,903
  • May 26, 2016 4:16am May 26, 2016 4:16am
Quoting derekw
{quote} Yes, I guess these trend lines are in the eye of the beholder, but I think you are right - I'm waiting to be right!
different analyzes on the cash market and the futures
  • #22,904
  • May 26, 2016 4:17am May 26, 2016 4:17am
Quoting derekw
M1 Chart - channel broken? {image}
Looks like
  • #22,905
  • May 26, 2016 4:51am May 26, 2016 4:51am
that didn't last long...
  • #22,906
  • May 26, 2016 4:52am May 26, 2016 4:52am
Quoting stylinex
{quote} I know for a fact I would burn money today if I traded today. I did not execute any trades today. I am sure they are watching like Hawks now. Your orders goes in and market goes in opposite direction to take out your stop loss lol.. I will watch today but not trade. In China now on train. May as well enjoy train ride.
#22'894

excellent leisure bevior!
I think I cut the lawn today... sunny weather here actually, ...but it could get a raining day tomorrow.
FXcube
  • #22,907
  • May 26, 2016 4:55am May 26, 2016 4:55am
Quoting Forexcube
{quote} #22'894 excellent leisure bevior! I think I cut the lawn today... sunny weather here actually, ...but it could get a raining day tomorrow. FXcube
  • #22,908
  • May 26, 2016 5:10am May 26, 2016 5:10am
Quoting derekw
{quote} I notice that too. look how price is following the channel bottom so well... {image}
done
  • #22,909
  • May 26, 2016 5:41am May 26, 2016 5:41am
Quoting Forexcube
{quote} #22'894 excellent leisure bevior! I think I cut the lawn today... sunny weather here actually, ...but it could get a raining day tomorrow. FXcube
Finally made it into Hong Kong. Bulls did well. Who ever bought before this spike up really did well. Next time we all need to remember to buy before G7 meeting and sell during G7 meeting. Same shit happens almost every time. Dinner time.
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  • #22,910
  • May 26, 2016 6:16am May 26, 2016 6:16am
Quoting derekw
M1 Chart - channel broken? {image}
here's an old trick i learned from a seasoned trader @ a prop shop, on how to draw trendlines:
1. Starting point (London Open, NY Open) in the graph below (point A - the low incurred after London Opened)
2. Wait for a retrace, once the price moved either up or down ( a healthy retrace is more than 50%, in other words a close below 50%, but not more than 76.4%, b/c then we're talking reversal and other rules apply not suitable for what i'm trying to emphasize here) in the picture below, you can see the high, followed by the retrace below 50% @ point B
3. having point A and B you can draw your trendline - which is very well respected @ point C
For a break and continuation i'm using HLs and LHs using a TD indicator (used in the picture here) and that can be found in FF, but that is a different point.
Hopefully it helps!
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Best,

EDIT: so to answer your question 2 hours later: no the channel was not broken.
  • #22,911
  • May 26, 2016 6:25am May 26, 2016 6:25am
Top is in ? What we think people ?

So hard to call a runaway train like this........... DOW is at pretty big resistance after 2 big days.....
Que Sera
  • #22,912
  • May 26, 2016 8:03am May 26, 2016 8:03am
Quoting Decu33
{quote} here's an old trick i learned from a seasoned trader @ a prop shop, on how to draw trendlines: 1. Starting point (London Open, NY Open) in the graph below (point A - the low incurred after London Opened) 2. Wait for a retrace, once the price moved either up or down ( a healthy retrace is more than 50%, in other words a close below 50%, but not more than 76.4%, b/c then we're talking reversal and other rules apply not suitable for what i'm trying to emphasize here) in the picture below, you can see the high, followed by the retrace below...
Nice work. I note that your channel was very short term (M1) and did not work with entire two days rally. Do you have a reason for this?
  • #22,913
  • May 26, 2016 8:16am May 26, 2016 8:16am
Quoting Catempire
Top is in ? What we think people ? So hard to call a runaway train like this........... DOW is at pretty big resistance after 2 big days.....
The weekly candle could go to 10500 of it wanted to. No more resistance now
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  • #22,914
  • May 26, 2016 8:18am May 26, 2016 8:18am
Quoting Catempire
Top is in ? What we think people ? So hard to call a runaway train like this........... DOW is at pretty big resistance after 2 big days.....
The last 8 monthly candles have been green and this months is also green. The previous 6 months prior to the last 8 month were red. Very risky to short here. Would be a big gamble. The more I look at the candles the more I see the DAX climbing further.. Anyone else agree or disagree..??
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  • #22,915
  • May 26, 2016 8:20am May 26, 2016 8:20am
Quoting stylinex
{quote} The weekly candle could go to 10500 of it wanted to. No more resistance now {image}
Agreed but the DOW seem's to be running out of steam and i would see this dragging the dax back or at least capping its gains... DOW certainly didn't want to push through new highs, so far that is of course but buy volume seems to be getting weaker....
Que Sera
  • #22,916
  • May 26, 2016 8:24am May 26, 2016 8:24am
Around 10280 will reverse. Some scalping maybe?
  • #22,917
  • May 26, 2016 9:02am May 26, 2016 9:02am
[Quote = stylinex; 8947753] {quote} La vela semanal podría ir a 10500 de ella quería. No hay más resistencia ahora {image} [/ quote]
Solvency must first break the trendline of the 10300, if successful then possible next target 10550-10600
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  • #22,918
  • May 26, 2016 9:06am May 26, 2016 9:06am
Quoting jmss59
[Quote = stylinex; 8947753] {quote} La vela semanal podra ir a 10500 de ella quera. No hay ms resistencia ahora {image} [/ quote] Solvency must first break the trendline of the 10300, if successful then possible next target 10550-10600 {image}
WoW! Your indicators looks like spacecraft drawings
  • #22,919
  • May 26, 2016 9:09am May 26, 2016 9:09am
Quoting stylinex
{quote} The last 8 monthly candles have been green and this months is also green. The previous 6 months prior to the last 8 month were red. Very risky to short here. Would be a big gamble. The more I look at the candles the more I see the DAX climbing further.. Anyone else agree or disagree..?? {image}
Something wrong with your chart there.

December and January were big red bars and February a red pin bar.

Dec open 11400 close 10700
Jan open 10700 close 9800 {approx.}
The greatest enemy of a good plan is the dream of a perfect plan.
  • #22,920
  • May 26, 2016 9:14am May 26, 2016 9:14am
[quote = sad3; 8947872] {quote} WoW! Sus indicadores se ve como dibujos de naves espaciales [/ quote]
better this?
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