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Carpe diem: Intraday tactics for Dax and Dow

  • #23,781
  • Jun 27, 2016 2:45am Jun 27, 2016 2:45am
If we get another good dip today. I will buy
  • #23,782
  • Jun 27, 2016 2:53am Jun 27, 2016 2:53am
Let's see if the DAX can finish the first hourly candle after opening bell in the green. Pre-market the first hourly candle finished green. So this would make two green hourly candles in a row which would set up for a partial retrace on the 4 hour candle.
  • #23,783
  • Jun 27, 2016 2:55am Jun 27, 2016 2:55am
I have no positions open from today. Position from last week was a long position that was short with a DAX target of 9200
  • #23,784
  • Jun 27, 2016 3:02am Jun 27, 2016 3:02am
Quoting PariCovek
{quote} Thanks re-entered at 9500, saw some support there just before XO. Exit +80 x 2. Still got one left.
Closed last trade for minor profit. Looks like a nice rejection of 10m 200sma earlier in the session. I think I may stop trading here, unless an easy scalp arises. Trade safe guys.
  • #23,785
  • Jun 27, 2016 3:13am Jun 27, 2016 3:13am
Time to buy I think. Short term scalp
  • #23,786
  • Jun 27, 2016 3:20am Jun 27, 2016 3:20am
Quoting stylinex
Time to buy I think. Short term scalp
Can see this going back to 9420 on CFDs possibly.... not sure on futures what they may equate to. (CFDs currently 9477pts 6.20pm AEST or 10.20am Germany/CET)
  • #23,787
  • Jun 27, 2016 3:26am Jun 27, 2016 3:26am
Quoting PariCovek
{quote} Can see this going back to 9420 on CFDs possibly.... not sure on futures what they may equate to. (CFDs currently 9477pts 6.20pm AEST or 10.20am Germany/CET)
I am out on last trade. Stop loss kicked in with a $2k Loss on last trade.
  • #23,788
  • Jun 27, 2016 3:27am Jun 27, 2016 3:27am
Quoting PariCovek
{quote} Can see this going back to 9420 on CFDs possibly.... not sure on futures what they may equate to. (CFDs currently 9477pts 6.20pm AEST or 10.20am Germany/CET)
I got about 9436 as of now and dropping
  • #23,789
  • Jun 27, 2016 3:40am Jun 27, 2016 3:40am
Quoting stylinex
I have no positions open from today. Position from last week was a long position that was short with a DAX target of 9200
Are you using a stop?
  • #23,790
  • Jun 27, 2016 3:44am Jun 27, 2016 3:44am
Quoting PariCovek
{quote} Can see this going back to 9420 on CFDs possibly.... not sure on futures what they may equate to. (CFDs currently 9477pts 6.20pm AEST or 10.20am Germany/CET)
Long again at 9420, couldnt help myself... aiming for 9460 at least.
  • #23,791
  • Jun 27, 2016 3:48am Jun 27, 2016 3:48am
Quoting PariCovek
{quote} Long again at 9420, couldnt help myself... aiming for 9460 at least.
TP hit at 9458... just shy of 20sma on 2m.

Ok, i'm outta here. see you tomorrow.
  • #23,792
  • Edited 12:46am Jun 28, 2016 12:21am | Edited 12:46am
Not sure why we have gapped so high today, perhaps due to the settlement on VW scandal, not sure... US Equities had a weak close and Asia Equities was flat today.

Clear downtrend in play on 1H, shows we are at a possible top at 9428pts (CFD) for today's trend line resistance, also we have the 200sma on 15m at the same spot.

However, we break above this, then its on again.
Attached Image (click to enlarge)
Click to Enlarge Name: Dax30.png Size: 86 KB
  • #23,793
  • Jun 28, 2016 1:09am Jun 28, 2016 1:09am
Quoting PariCovek
Not sure why we have gapped so high today, perhaps due to the settlement on VW scandal, not sure... US Equities had a weak close and Asia Equities was flat today. Clear downtrend in play on 1H, shows we are at a possible top at 9428pts (CFD) for today's trend line resistance, also we have the 200sma on 15m at the same spot. However, we break above this, then its on again. {image}
Sometimes it is buy the dips and sometime it is sell the retraces. My guess with Brexit would be to sell retraces. This is the last week of the month so it is quite possible that we see a small retrace. They call this window dressing at the end of the month. Mostly candle is still pretty red. I was up at around 5:30 am asia time which was about 30 minutes before futures markets closed and DAX looked pretty stable then. I had thought about buying then but was not so sure so I went back to bed. Got up a few hours later to see futures up 140 points
  • #23,794
  • Jun 28, 2016 1:47am Jun 28, 2016 1:47am
Quoting PariCovek
Not sure why we have gapped so high today, perhaps due to the settlement on VW scandal, not sure... US Equities had a weak close and Asia Equities was flat today. Clear downtrend in play on 1H, shows we are at a possible top at 9428pts (CFD) for today's trend line resistance, also we have the 200sma on 15m at the same spot. However, we break above this, then its on again. {image}
All the indices are at significant support. Just go to a daily or weekly chart and draw a line. That's why we got the gap up. Unfilled orders now filled.

Look at dax on 1hour and look at the pa at the recent lows made. It's obvious we would get a move up from here.
  • #23,795
  • Jun 28, 2016 1:48am Jun 28, 2016 1:48am
Quoting stylinex
I have no positions open from today. Position from last week was a long position that was short with a DAX target of 9200
Dude, I am interested in your positions. Are you using a stop loss or not?
  • #23,796
  • Jun 28, 2016 2:08am Jun 28, 2016 2:08am
Quoting NaughtyPip
{quote} Dude, I am interested in your positions. Are you using a stop loss or not?
This one is a long position which I plan on holding until September expirations. My plan for that one was to sell at 9200 or under. Hit about 9200+ which I could have sold (probably should have). No stop loss on that particular trade as I plan on letting it run. Over 10,000 I would probably take a loss on it and close it out though. I still feel we should hit 8800 some time before September Futures expire on the 3rd Friday of September. I do reckon they would intervene around those numbers.
I decided recently to run some trades for long and open small positions for those long trades and other trades for scalping which I close out the same day. Just looked back and saw that it had almost hit my price yesterday. Missed 9200 by just a little bit
  • #23,797
  • Jun 28, 2016 2:13am Jun 28, 2016 2:13am
Quoting NaughtyPip
{quote} All the indices are at significant support. Just go to a daily or weekly chart and draw a line. That's why we got the gap up. Unfilled orders now filled. Look at dax on 1hour and look at the pa at the recent lows made. It's obvious we would get a move up from here.
Looks like there was some support yesterday around 9200+ line of which it seemed to have bounced off
  • #23,798
  • Jun 28, 2016 2:22am Jun 28, 2016 2:22am
Government funds helping the mkt to sustain.
  • #23,799
  • Jun 28, 2016 2:38am Jun 28, 2016 2:38am
Quoting Noob Trader
Government funds helping the mkt to sustain.
Any time you see gains like this during times when people are too scared to buy is when government funds are buying. As soon as they see people start to buy then they start to unload lol.. I do wish I had hit that buy button easy this morning my time before futures closed for trading in Asia. Would have made good money on that trade. Sit this one out now and wait for another opportunity. Not jumping in now at these numbers. I wonder how high the FED and EU will take these indexes to before they stop buying. These look like they were well planned between America and Europe.
  • #23,800
  • Jun 28, 2016 2:49am Jun 28, 2016 2:49am
by end i suspect that it will be flat again or even negative. but yes as of now out of trade
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