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Carpe diem: Intraday tactics for Dax and Dow

  • #23,761
  • Jun 24, 2016 6:08am Jun 24, 2016 6:08am
Quoting PariCovek
{quote} Yeah, that was strong buying below 9500... maybe that's where some Funds are being pumped into the Dax. I still think the Yanks will tank this again later.
Me too.. Not many people would be buying on a Friday after Brexit news to hold over the weekend when the Index is currently down 7% and over 10% earlier on. Most likely EU Funds buying in huge quantities which move up so much and others dumping bringing index down a lot. EU Funds definitely involved on the spikes here. I think before people go home this weekend most will hit the sell button. Next week some time we should be around 9000 for the DAX. Best to short the pops. Perhaps place sell orders around 9600
  • #23,762
  • Jun 24, 2016 6:27am Jun 24, 2016 6:27am
Dax should be and will be drop to atleast 8800... EU funds may be out to save their face.
  • #23,763
  • Jun 24, 2016 6:30am Jun 24, 2016 6:30am
Quoting Noob Trader
Dax should be and will be drop to atleast 8800... EU funds may be out to save their face.
These losses are massive. I would say short all the pops.
http://www.telegraph.co.uk/business/...f-british-ban/
  • #23,764
  • Jun 24, 2016 6:53am Jun 24, 2016 6:53am
Quoting derekw
TP. Looks like ECB buying? Who buys that much so quickly in a clear down market?
i'd say it was just profit taking
  • #23,765
  • Jun 24, 2016 6:55am Jun 24, 2016 6:55am
Someone is smiling... i think
Attached Image
  • #23,766
  • Jun 24, 2016 7:32am Jun 24, 2016 7:32am
Quoting PariCovek
Someone is smiling... i think {image}
lol
  • #23,767
  • Jun 24, 2016 8:03am Jun 24, 2016 8:03am
I am going to start opening up some long short positions of which I wish to sit out on this time around. Will go small but long the shorts into next week and next month in anticipation of retouching those lows we hit earlier on today and possibly going even lower. Anyone else on board the short train?
  • #23,768
  • Jun 24, 2016 8:58am Jun 24, 2016 8:58am
long, but from which levels?
  • #23,769
  • Jun 24, 2016 9:58am Jun 24, 2016 9:58am
Quoting stylinex
I am going to start opening up some long short positions of which I wish to sit out on this time around. Will go small but long the shorts into next week and next month in anticipation of retouching those lows we hit earlier on today and possibly going even lower. Anyone else on board the short train?
DAX 8800, I am on
  • #23,770
  • Jun 24, 2016 10:38am Jun 24, 2016 10:38am
Quoting Noob Trader
{quote} DAX 8800, I am on
Short.. I am in. I am in around 9600 average I believe and will hold until 9200 at least
  • #23,771
  • Jun 27, 2016 12:01am Jun 27, 2016 12:01am
Long @ 9284, very low leverage (from Melb morning time, sorry should've posted then but wasnt at my computer). TP set for 9450-9484 region. Then may consider shorts depending on price action after XO.

Spain fails to form a majority govt in yesterday's elections, China devalues currency to lowest since 2010. Won't be long before BoJ intervenes next.
  • #23,772
  • Jun 27, 2016 12:54am Jun 27, 2016 12:54am
Quoting PariCovek
Long @ 9284, very low leverage (from Melb morning time, sorry should've posted then but wasnt at my computer). TP set for 9450-9484 region. Then may consider shorts depending on price action after XO. Spain fails to form a majority govt in yesterday's elections, China devalues currency to lowest since 2010. Won't be long before BoJ intervenes next.
I think BOJ intervened in Index today. Otherwise there is no way it would be up like it was today while currency appreciated against Dollar.
  • #23,773
  • Jun 27, 2016 1:04am Jun 27, 2016 1:04am
Quoting PariCovek
Long @ 9284, very low leverage (from Melb morning time, sorry should've posted then but wasnt at my computer). TP set for 9450-9484 region. Then may consider shorts depending on price action after XO. Spain fails to form a majority govt in yesterday's elections, China devalues currency to lowest since 2010. Won't be long before BoJ intervenes next.
Exit 50% of trade for +166pts. Leaving the other half to run a bit longer.
  • #23,774
  • Jun 27, 2016 1:21am Jun 27, 2016 1:21am
Quoting PariCovek
{quote} Exit 50% of trade for +166pts. Leaving the other half to run a bit longer.
I think 9600 is very possible today, and 9800 could be possibly in the next day or two.... but its hard to say, it could tank hard again at any moment.
  • #23,775
  • Jun 27, 2016 1:31am Jun 27, 2016 1:31am
Quoting PariCovek
{quote} Exit 50% of trade for +166pts. Leaving the other half to run a bit longer.
Exit remaining half for +239.

Waiting for next setup, possibly a long trade to 9600-9616.
  • #23,776
  • Jun 27, 2016 1:34am Jun 27, 2016 1:34am
Quoting PariCovek
{quote} Exit 50% of trade for +166pts. Leaving the other half to run a bit longer.
Nice trade I think there was intervention today for the DAX and Nikkei by governments. They did not intervene in currencies yet but did intervene in stock indexes today
  • #23,777
  • Jun 27, 2016 2:10am Jun 27, 2016 2:10am
I got in for a quick scalp but made a stupid decision by selling too quickly especially since I knew there was government intervention in place today .
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  • #23,778
  • Jun 27, 2016 2:23am Jun 27, 2016 2:23am
Quoting Noob Trader
{quote} DAX 8800, I am on
Waiting also for the Dax to hit that bottom. Else Ill wait to sell above 10k If it goes up again
Every cent earned is one step closer to independence
  • #23,779
  • Jun 27, 2016 2:29am Jun 27, 2016 2:29am
Quoting stylinex
{quote} Nice trade I think there was intervention today for the DAX and Nikkei by governments. They did not intervene in currencies yet but did intervene in stock indexes today
Thanks re-entered at 9500, saw some support there just before XO. Exit +80 x 2. Still got one left.
  • #23,780
  • Jun 27, 2016 2:43am Jun 27, 2016 2:43am
Quoting PariCovek
{quote} Thanks re-entered at 9500, saw some support there just before XO. Exit +80 x 2. Still got one left.
I missed it.. I think it dropped to around 9514. Back there now With market volatility like today you have to set the price to buy at and sell at. Hard to get it in manually
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