Attachments: Carpe diem: Intraday tactics for Dax and Dow

Carpe diem: Intraday tactics for Dax and Dow

#23,421
Jun 10, 2016 7:46am Jun 10, 2016 7:46am

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

Crap and there she goes further down. Oh Well...

#23,422
Jun 10, 2016 7:55am Jun 10, 2016 7:55am

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

Futures expire next Friday. Last quarter they expired at around 9820. As of now they are up around 15 points from there. If we close down by next Friday then that would have made two consecutive down quarters for this year on the DAX. This year opened at around 10,283. We are down this year but nothing too far as of yet.

#23,423
Jun 10, 2016 7:56am Jun 10, 2016 7:56am

Catempire
Joined Nov 2013 | Status: Only thing to change was the view. | 2,444 Posts

Quoting derekw

Disliked

Crap and there she goes further down. Oh Well...

Ignored

Fairly big horizontal support around this area, should see a bounce coincide with USA algo buying ?

Que Sera

#23,424
Jun 10, 2016 9:34am Jun 10, 2016 9:34am

PariCovek
| Joined Jan 2015 | Status: Zaedno pravi sila. Cosmos e za nas. | 1,932 Posts

Quoting PariCovek

Disliked

I have a nice trend line that may provide support (currently) around 9822pts, it may take a day to get there though. This trend line has held since 6 May low.

Ignored

Held some long entries around this level, but closed them a bit too early. Its nice support that trend line.

#23,425
Jun 10, 2016 9:36am Jun 10, 2016 9:36am

mact4
| Joined Sep 2013 | Status: Trader | 249 Posts

Quoting PariCovek

Disliked

I have a nice trend line that may provide support (currently) around 9822pts, it may take a day to get there though. This trend line has held since 6 May low.

Ignored

Excellent call. Nice bounce off 9817; 20 pips below the 100 Weekly pivot

#23,426
Jun 10, 2016 9:40am Jun 10, 2016 9:40am

PariCovek
| Joined Jan 2015 | Status: Zaedno pravi sila. Cosmos e za nas. | 1,932 Posts

Quoting mact4

Disliked

{quote} Excellent call. Nice bounce off 9817; 20 pips below the 100 Weekly pivot

Ignored

Yeah, its also the 20sma on Weekly TF roughly. So its good support. Needs some high pressure selling to bust through it i think.

#23,427
Jun 10, 2016 1:47pm Jun 10, 2016 1:47pm

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

DAX, Long @ 9'781 (10x)

#23,428
Jun 10, 2016 1:47pm Jun 10, 2016 1:47pm

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

DAX, Long @ 9'776 (10x)

#23,429
Jun 10, 2016 1:48pm Jun 10, 2016 1:48pm

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

DAX, Long @ 9'777 (10x)

#23,430
Jun 12, 2016 3:43am Jun 12, 2016 3:43am

Catempire
Joined Nov 2013 | Status: Only thing to change was the view. | 2,444 Posts

fx - brave move with the way this thing is falling.

Tbh I think we have all under estimated the effect that brexit could have on the market, the market loves uncertainty... But more to the point I do actually think we uk be leaving the eu.

The market will swing on uncertainty and I think this could be a lot more substantial than people realise.

Que Sera

#23,431
Jun 12, 2016 5:09am Jun 12, 2016 5:09am

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

Quoting Catempire

Disliked

fx - brave move with the way this thing is falling. Tbh I think we have all under estimated the effect that brexit could have on the market, the market loves uncertainty... But more to the point I do actually think we uk be leaving the eu. The market will swing on uncertainty and I think this could be a lot more substantial than people realise.

Ignored

Soros expects it to be pretty bad. I wish I had a short position that I just held from 10,240. If there is no Brexit I think we rally hard but if there is one then the dips could provide a good buying opportunity for the rally in the last quarter of the year. If Yellen wants to raise rates then markets will need to climb. Can not see her raising rates as markets are crashing and people are selling.

#23,432
Jun 12, 2016 5:29am Jun 12, 2016 5:29am

Catempire
Joined Nov 2013 | Status: Only thing to change was the view. | 2,444 Posts

40 pips down so far today / this weekend... Not sure we will see any real bounce just yet only 9 trading days till the vote, media hype will step up.

Maybe be a bounce when no rate increase?

Que Sera

#23,433
Jun 12, 2016 5:54am Jun 12, 2016 5:54am

maximus71
| Joined Mar 2015 | Status: Trader | 48 Posts

hello guys... Take a look at the weekly candle on spx... High possibility for short next week...

#23,434
Jun 12, 2016 6:02pm Jun 12, 2016 6:02pm

usplash
| Joined Nov 2015 | Status: Trader | 5 Posts

Hi all (fairly new) but my for dax I'd say it definitely short, any rallies this week I'd say sell. It broke a nice 'wedge' pattern on Friday, so when it rallies to hopefully kiss the the line of the broken wedge will be selling heavy looking for about 9400.

#23,435
Jun 13, 2016 12:57am Jun 13, 2016 12:57am