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Carpe diem: Intraday tactics for Dax and Dow

  • #24,041
  • Jul 8, 2016 7:45am Jul 8, 2016 7:45am
Quoting stylinex
{quote} Crazy gains are usually followed by more crazy gains and the crazy drops after.
well called
  • #24,042
  • Jul 8, 2016 7:47am Jul 8, 2016 7:47am
Post-London Open tesis ... entering sorts since 9605.9 ... next DOWN H1-H4 target ... arround 8800, but for next Week I think ...

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  • #24,043
  • Jul 8, 2016 7:49am Jul 8, 2016 7:49am
Quoting derekw
{quote} well called
I am not touching it now. Index is going up and down like a drunk many playing with a Yo-Yo now taking out all stop losses on the way up and down.
  • #24,044
  • Jul 8, 2016 7:52am Jul 8, 2016 7:52am
Quoting derekw
Unemployment rose because they employed more people... {image}
It means that the Participation rate has increased... Participation rate slightly decreased last time.
  • #24,045
  • Jul 8, 2016 7:53am Jul 8, 2016 7:53am
Moved SLs up to secure some P
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  • #24,046
  • Jul 8, 2016 7:54am Jul 8, 2016 7:54am
Looking at the 4 hour and 1 hour candles it looks like it could easily rise to 9700 from here. Broke last resistance.
Probably get that crazy drop next week after this crazy gain finishes. For now we are in crazy bull mode
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  • #24,047
  • Jul 8, 2016 7:55am Jul 8, 2016 7:55am
DAX still has to close/cover the Monday/Tuesday Gap. 9655/9685.
DAX waits now for US to go higher or drop again.

DAX has new single blocks to cover down to 9560
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It's better to be out wishing to be in... than to be in wishing to be out!
  • #24,048
  • Jul 8, 2016 7:59am Jul 8, 2016 7:59am
Quoting Dutchy Daxy
DAX still has to close/cover the Monday/Tuesday Gap. 9655/9685. DAX waits now for US to go higher or drop again. DAX has new single blocks to cover down to 9560 {image}
200 point gains on a Friday before the weekend with crazy spikes like this would have to be QE funds buying. Average investor or retailer would not buy erratic all like this on Friday before the weekend not knowing what would happen on Monday. If we finish up today Monday would probably bring us more gains up to 9700 if we do not hit this today that is.

That drop to 9560 might happen in pre-market on Monday then head up after from there.
  • #24,049
  • Jul 8, 2016 8:03am Jul 8, 2016 8:03am
TP on 2 Longs ... went short SL=BE
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  • #24,050
  • Jul 8, 2016 8:06am Jul 8, 2016 8:06am
Quoting stylinex
{quote} 200 point gains on a Friday before the weekend with crazy spikes like this would have to be QE funds buying. Average investor or retailer would not buy erratic all like this on Friday before the weekend not knowing what would happen on Monday. If we finish up today Monday would probably bring us more gains up to 9700 if we do not hit this today that is. That drop to 9560 might happen in pre-market on Monday then head up after from there.
Flat. T1 +11 points. Trailer +15 pioints. Stopped/bounced on the Last week POC 9590
It's better to be out wishing to be in... than to be in wishing to be out!
  • #24,051
  • Jul 8, 2016 8:09am Jul 8, 2016 8:09am
From ZH....

Curiously, while the Establishment survey was a blowout, according to the Household Survey, the number of unemployed actually soared by 347K to 7.783MM which meant that the unemployment rate jumped from 4.7% to 4.9%, while the number of employed rose by just 37K, indicating a substantial divergence between the Household and Establishment Surveys.
  • #24,052
  • Jul 8, 2016 8:11am Jul 8, 2016 8:11am
Quoting stylinex
Those bastards.. Last year the numbers came in at 215K vs 223K missing big time so this year they set the target really Low at much lower numbers so that they could beat. Projected numbers this year are set 10% lower compared to last year. {image}
hmmm....
  • #24,053
  • Jul 8, 2016 8:15am Jul 8, 2016 8:15am
Quoting derekw
From ZH.... Curiously, while the Establishment survey was a blowout, according to the Household Survey, the number of unemployed actually soared by 347K to 7.783MM which meant that the unemployment rate jumped from 4.7% to 4.9%, while the number of employed rose by just 37K, indicating a substantial divergence between the Household and Establishment Surveys.
They turned a blind eye to that one and just focused on their numbers which they purposely set at a much lower rate so that they would shoot past them. Silver just turned green
  • #24,054
  • Jul 8, 2016 8:15am Jul 8, 2016 8:15am
Quoting stylinex
{quote} 200 point gains on a Friday before the weekend with crazy spikes like this would have to be QE funds buying. Average investor or retailer would not buy erratic all like this on Friday before the weekend not knowing what would happen on Monday. If we finish up today Monday would probably bring us more gains up to 9700 if we do not hit this today that is. That drop to 9560 might happen in pre-market on Monday then head up after from there.

Singles covered down to 9560 and lower
It's better to be out wishing to be in... than to be in wishing to be out!
  • #24,055
  • Jul 8, 2016 8:17am Jul 8, 2016 8:17am
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  • #24,056
  • Jul 8, 2016 8:21am Jul 8, 2016 8:21am
Quoting derekw
{image}
LOL. Yes it does.
It's better to be out wishing to be in... than to be in wishing to be out!
  • #24,057
  • Jul 8, 2016 8:22am Jul 8, 2016 8:22am
Quoting Dutchy Daxy
{quote} Singles covered down to 9560 and lower
Are you buying now that they are covered?
  • #24,058
  • Jul 8, 2016 8:24am Jul 8, 2016 8:24am
Quoting stylinex
{quote} Are you buying now that they are covered?
No. We have to wait now for US open. See how they will explain those numbers. Rate hike? Yes/No?

I rather do not trade the DAX during the US open. DAX is a follower now and will not move that good as in the EU morning.
Concentrate on US markets now.
It's better to be out wishing to be in... than to be in wishing to be out!
  • #24,059
  • Jul 8, 2016 8:25am Jul 8, 2016 8:25am
Quoting Dutchy Daxy
{quote} No. We have to wait now for US open. See how they will explain those numbers. Rate hike? Yes/No? I rather do not trade the DAX during the US open. DAX is a follower now and will not move that good as in the EU morning. Concentrate on US markets now.
That DAX is like a 2-3X ETF for US Indexes lol..
  • #24,060
  • Jul 8, 2016 8:32am Jul 8, 2016 8:32am
Daxy, been studying your M Profile. Does it look to you like it's now respecting the Daily profile, so least Resistance is now down?
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