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Carpe diem: Intraday tactics for Dax and Dow

  • #23,801
  • Jun 28, 2016 2:56am Jun 28, 2016 2:56am
Closed my longs earlier around 9466 and later at 9485-9490s... No positions now.

Don't really like these gap-ups during a down market. Seems supported, but it can break down no doubt. Gonna sit this out for a while.
  • #23,802
  • Jun 28, 2016 5:02am Jun 28, 2016 5:02am
Quoting stylinex
{quote} 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...
Hi man! Where do you watch indices futures? Is there a site with a good overview?

Thanks!
"Men Who Can Both Be Right & Sit Tight Are Uncommon" ~ Jesse Livermore
  • #23,803
  • Jun 28, 2016 7:23am Jun 28, 2016 7:23am
Quoting michisuperfr
{quote} Hi man! Where do you watch indices futures? Is there a site with a good overview? Thanks!
This one is pretty good http://www.investing.com/indices/indices-futures otherwise you could just use what ever broker you have to see everything there on your platform. Most brokers show everything on their platform. Investing.com has a pretty good layout. You could see Futures,Commodities and Currencies on there.
  • #23,804
  • Jun 28, 2016 7:29am Jun 28, 2016 7:29am
Quoting stylinex
{quote} This one is pretty good http://www.investing.com/indices/indices-futures otherwise you could just use what ever broker you have to see everything there on your platform. Most brokers show everything on their platform. Investing.com has a pretty good layout. You could see Futures,Commodities and Currencies on there.
Oh awesome, that's a really great overview, thank you!
"Men Who Can Both Be Right & Sit Tight Are Uncommon" ~ Jesse Livermore
  • #23,805
  • Jun 28, 2016 7:36am Jun 28, 2016 7:36am
Few other handy links here for those that are interested:

http://www.tradingeconomics.com/
http://www.fxempire.com/indices/dax-...hnical-studies
http://www.finanzen.net/index/DAX/Marktkapitalisierung
http://www.bloomberg.com/markets/rat...-bonds/germany
https://au.finance.yahoo.com/q?s=%5EGDAXI
  • #23,806
  • Jun 28, 2016 7:50am Jun 28, 2016 7:50am
Quoting PariCovek
Few other handy links here for those that are interested: http://www.tradingeconomics.com/ http://www.fxempire.com/indices/dax-...hnical-studies http://www.finanzen.net/index/DAX/Marktkapitalisierung http://www.bloomberg.com/markets/rat...-bonds/germany https://au.finance.yahoo.com/q?s=%5EGDAXI

http://www.investing.com/indices/indices-futures
It's better to be out wishing to be in... than to be in wishing to be out!
  • #23,807
  • Jun 28, 2016 8:09am Jun 28, 2016 8:09am
This site is interesting Pari. Thanks for posting.
http://www.fxempire.com/indices/dax-...hnical-studies
  • #23,808
  • Jun 28, 2016 8:14am Jun 28, 2016 8:14am
Yep great sites...thank you guys!
"Men Who Can Both Be Right & Sit Tight Are Uncommon" ~ Jesse Livermore
  • #23,809
  • Jun 28, 2016 8:50am Jun 28, 2016 8:50am
Long SP500 @ 2021.9, TP set for 2033 @ 20sma on 4H.
  • #23,810
  • Jun 28, 2016 9:03am Jun 28, 2016 9:03am
Quoting PariCovek
Long SP500 @ 2021.9, TP set for 2033 @ 20sma on 4H.
Exit 50% at 5pts. SL @ B/E set for remaining share.
  • #23,811
  • Jun 28, 2016 9:25am Jun 28, 2016 9:25am
Quoting PariCovek
{quote} Exit 50% at 5pts. SL @ B/E set for remaining share.
SL hit.
  • #23,812
  • Jun 29, 2016 5:56am Jun 29, 2016 5:56am
Entered 20x short DAX @9612
  • #23,813
  • Jun 29, 2016 6:02am Jun 29, 2016 6:02am
Ill be shorting a bit above 9700 if it gets there today
Every cent earned is one step closer to independence
  • #23,814
  • Jun 29, 2016 6:56am Jun 29, 2016 6:56am
Dax has to go up to 9720 / 9840, to fill up that single blocks area on the weekly TPO chart.
Attached Image (click to enlarge)
Click to Enlarge Name: FDAX 09-16 (3 Min) 29-6-2016.jpg Size: 79 KB
It's better to be out wishing to be in... than to be in wishing to be out!
  • #23,815
  • Jun 29, 2016 7:01am Jun 29, 2016 7:01am
Re entry from 9480.
As long as the price (white line) remains above the dashed pink trend line, I remain Long with 1 Lot Futures Mini Dax.
Attached Image (click to enlarge)
Click to Enlarge Name: FDXM 09-16 (25 Range) 29-6-2016 Line Chart.jpg Size: 91 KB
It's better to be out wishing to be in... than to be in wishing to be out!
  • #23,816
  • Jun 29, 2016 7:05am Jun 29, 2016 7:05am
Attached Image
Attached Image
It's better to be out wishing to be in... than to be in wishing to be out!
  • #23,817
  • Jun 29, 2016 7:08am Jun 29, 2016 7:08am
Quoting Dutchy Daxy
Dax has to go up to 9720 / 9840, to fill up that single blocks area on the weekly TPO chart. {image}
Hi! Can you maybe explain why this is important? Thank you
"Men Who Can Both Be Right & Sit Tight Are Uncommon" ~ Jesse Livermore
  • #23,818
  • Jun 29, 2016 7:36am Jun 29, 2016 7:36am
Quoting michisuperfr
{quote} Hi! Can you maybe explain why this is important? Thank you
On the TPO chart you see an area where is very light trading. There is a one line of white blocks and even a gap between the blocks (green line).
In market Profile terms this is a kind of panic (selling) area. Fast dropp or pop.
These area's have to be covered again in the near Future. See it as a Gap close.
Don't ask me why, but is usually will happen. Its anyway a target for me.
It's better to be out wishing to be in... than to be in wishing to be out!
  • #23,819
  • Edited 8:06am Jun 29, 2016 7:46am | Edited 8:06am
Quoting Dutchy Daxy
{quote} On the TPO chart you see an area where is very light trading. There is a one line of white blocks and even a gap between the blocks (green line). In market Profile terms this is a kind of panic (selling) area. Fast dropp or pop. These area's have to be covered again in the near Future. See it as a Gap close. Don't ask me why, but is usually will happen. Its anyway a target for me.
I agree with this, even if you look at historical price action of recent, once we close above 9600, it usually pops north into the 9800-10000 range.

But things may be a little shrouded given Brexit, so as always, trade with care.

I see resistance of the 7sma and 20sma on Daily, around 9692 and 9790, so will be interesting to see how the price responds at those levels.
  • #23,820
  • Jun 29, 2016 7:50am Jun 29, 2016 7:50am
Little more detailed.

Left chart is a weekly TPO chart
Right chart is a monthly TPO chart.

Gap up to approx 9850 to cover/fill in again.
Attached Image (click to enlarge)
Click to Enlarge Name: Knipsel.JPG Size: 159 KB
It's better to be out wishing to be in... than to be in wishing to be out!
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