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Carpe diem: Intraday tactics for Dax and Dow

  • #23,241
  • Jun 5, 2016 4:54am Jun 5, 2016 4:54am
After fridays terrible NFP data what are peoples thoughts on an interest rate hike on the 15th ? Do we think Yellen will back down and postpone ?
Que Sera
  • #23,242
  • Jun 5, 2016 9:23pm Jun 5, 2016 9:23pm
Quoting Catempire
After fridays terrible NFP data what are peoples thoughts on an interest rate hike on the 15th ? Do we think Yellen will back down and postpone ?
I was just looking at this years gains and losses. Having looked at the overall picture for this year so far I find an entry now to be high risk. At the beginning of this year the DAX started off at around 10,200 and on Friday 6 months later we finished at around 10,100 so we are close to flat (down around 100 points which is very little). On Friday the payroll numbers in America came out and as bad as they were the DOW finished flat for the week hanging on to previous gains. After all the bad news that has come out the DAX is pretty much flat this year. No brainier mo ey gains can be made shorting after massive gains or buying after major losses and when you look at the overall picture so far for the first half of the year you will see that the DAX is flat so far. Usually every year we see a Christmas rally and an end of the year rally so some time between now and September to October we have a high chance of a drop that will take place before then year end rally starts.
  • #23,243
  • Jun 6, 2016 1:21am Jun 6, 2016 1:21am
Quoting stylinex
{quote} I was just looking at this years gains and losses. Having looked at the overall picture for this year so far I find an entry now to be high risk. At the beginning of this year the DAX started off at around 10,200 and on Friday 6 months later we finished at around 10,100 so we are close to flat (down around 100 points which is very little). On Friday the payroll numbers in America came out and as bad as they were the DOW finished flat for the week hanging on to previous gains. After all the bad news that has come out the DAX is pretty much...
On the Weekly Chart we can see that DAX has been rising since the 2008 crash, but is currently in a downtrend, which appears to me is not yet complete.?
Attached Image (click to enlarge)
Click to Enlarge Name: DAX.PNG Size: 56 KB
  • #23,244
  • Jun 6, 2016 1:26am Jun 6, 2016 1:26am
Th H1 chart also looks to me like path of least resistance is down.
Attached Image (click to enlarge)
Click to Enlarge Name: DAX.PNG Size: 36 KB
  • #23,245
  • Jun 6, 2016 1:41am Jun 6, 2016 1:41am
on M30 chart, there is the channel of last week, so I'd like to see price rise and find resistance to go short...
Attached Image (click to enlarge)
Click to Enlarge Name: DAX.PNG Size: 41 KB
  • #23,246
  • Jun 6, 2016 2:46am Jun 6, 2016 2:46am
DAX - Daily
I expect daily ~10'160/x80 maximum & then it's time for a roll backwards, maybe ~ 10'012 & lower.
Be aware: weekly & monthly could going up.
Let's see!
FXcube
  • #23,247
  • Jun 6, 2016 2:46am Jun 6, 2016 2:46am
DAX, Short @ 10'135 (10x)
  • #23,248
  • Jun 6, 2016 2:47am Jun 6, 2016 2:47am
PO DAX, Short @ 10'160 (10x)
___
PO = Pending Order
  • #23,249
  • Jun 6, 2016 7:49am Jun 6, 2016 7:49am
Quoting Forexcube
DAX - Be aware: weekly & monthly could going up. Let's see! FXcube
Hi FXCube. Sure, but how do you see it?
  • #23,250
  • Jun 6, 2016 7:50am Jun 6, 2016 7:50am
Went short. M1
Attached Image (click to enlarge)
Click to Enlarge Name: DAX.PNG Size: 35 KB
  • #23,251
  • Jun 6, 2016 8:14am Jun 6, 2016 8:14am
Quoting Forexcube
DAX, Short @ 10'135 (10x)
#23'248

Exit @ 10'113, +22 (x10 = 220)
  • #23,252
  • Edited 8:37am Jun 6, 2016 8:19am | Edited 8:37am
Quoting derekw
{quote} Hi FXCube. Sure, but how do you see it?
#23'250

Weekly's candle has just a little body & a little shadow & the june monthly candle has actually shaping out a little black body. With regard of the 4 monthly candles before it seems a trend upwards. But I think the overlapping candles (weekly & monthly) downside seems not full enough.
So my expectation.
Every trader has working out his concept how to read the price action.
Hope it helps.
FXcube

DAX, Weekly, 2016 June 06
DAX, Minthly, 2016 June 06
Attached Image(s) (click to enlarge)
Click to Enlarge Name: DAX, Weekly, 2016 June 06.jpg Size: 87 KB
Click to Enlarge Name: DAX, Monthly, 2016 June 06.jpg Size: 84 KB
  • #23,253
  • Jun 6, 2016 8:24am Jun 6, 2016 8:24am
Thanks FXCube
  • #23,254
  • Jun 6, 2016 10:10am Jun 6, 2016 10:10am
DAX, Short @ 10'133 (20x)
  • #23,255
  • Jun 6, 2016 10:12am Jun 6, 2016 10:12am
Quoting Forexcube
DAX, Short @ 10'133 (20x)
#23'255

Exit @ 10'128, +1 (x20 = 100)
  • #23,256
  • Jun 6, 2016 10:12am Jun 6, 2016 10:12am
DAX, Short @ 10'132 (20x)
  • #23,257
  • Jun 6, 2016 10:13am Jun 6, 2016 10:13am
Quoting Forexcube
DAX, Short @ 10'132 (20x)
#23'257

Exit @ 10'129, +3 (x20 = 60)
  • #23,258
  • Jun 6, 2016 10:14am Jun 6, 2016 10:14am
.
DAX, Short @ 10'132 (20x)
  • #23,259
  • Jun 6, 2016 10:17am Jun 6, 2016 10:17am
Quoting Forexcube
. DAX, Short @ 10'132 (20x)
#23'259

Exit @ 10'129, +3 (x20 = 60)
  • #23,260
  • Jun 6, 2016 10:17am Jun 6, 2016 10:17am
DAX, Short @ 10'131 (10x)
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