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Carpe diem: Intraday tactics for Dax and Dow

  • #24,241
  • Jul 14, 2016 1:22am Jul 14, 2016 1:22am
Very hard to trade here.
Still inside OR on the middle 50%.
10.028/10.087

I better wait for a break out of the OR.

Heads & Shoulder pattern?
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It's better to be out wishing to be in... than to be in wishing to be out!
  • #24,242
  • Jul 14, 2016 1:26am Jul 14, 2016 1:26am
Quoting Dutchy Daxy
Very hard to trade here. Still inside OR on the middle 50%. 10.028/10.087 I better wait for a break out of the OR.
Ben suggested to Abe that they increase helicopter money which mans Nikkei will rise and YEN will weaken to boost exports to drive growth numbers to justify higher Nikkei Index numbers
  • #24,243
  • Jul 14, 2016 1:30am Jul 14, 2016 1:30am
Quoting stylinex
{quote} Ben suggested to Abe that they increase helicopter money which mans Nikkei will rise and YEN will weaken to boost exports to drive growth numbers to justify higher Nikkei Index numbers
Markets lost their mind. The nicer the drop when they start to realize that.
It's better to be out wishing to be in... than to be in wishing to be out!
  • #24,244
  • Jul 14, 2016 1:37am Jul 14, 2016 1:37am
Quoting stylinex
{quote} I I had read something before online that the rate cut would weaken the YEN
Yeah, I think the logic is on the lines like - if the result of a rate cut fuels Equities (risky assets) higher, then it could result in large carry-trades (more borrowing of Yen for nothing - increasing money supply of Yen), and selling the Yen (therefore weakening Yen) for other currencies to invest in other markets during a risk-on environment.
  • #24,245
  • Jul 14, 2016 1:54am Jul 14, 2016 1:54am
Quoting Dutchy Daxy
{quote} Markets lost their mind. The nicer the drop when they start to realize that.
One thing I have learned about the DAX is that when it falls it falls hard and when it gains it shoots to the moon taking out all stop losses just the Nikkei in Japan
  • #24,246
  • Jul 14, 2016 2:02am Jul 14, 2016 2:02am
Quoting stylinex
{quote} One thing I have learned about the DAX is that when it falls it falls hard and when it gains it shoots to the moon taking out all stop losses just the Nikkei in Japan
Correct. DAX is a wild lady or more a wild beast?
It's better to be out wishing to be in... than to be in wishing to be out!
  • #24,247
  • Jul 14, 2016 2:18am Jul 14, 2016 2:18am
Quoting Dutchy Daxy
{quote} Correct. DAX is a wild lady or more a wild beast?
Every time that DAX pulls back the slightest freakin bit it gets pulled right back up again. Same with DOW30 and S&P500.
Shorts best to sit this out and Bulls to hold on and raise stop loss prices
  • #24,248
  • Jul 14, 2016 2:24am Jul 14, 2016 2:24am
Since Day 8th of July that DAX brokeup day 7th high, 9940-10093.8 was on my targets on H1-H4 candels ... now we should/could exten gains to 10118.8-10256.4, as on Daily candles there is still up targets around 10350-10549.8 ... the real problem to me is ... if we get to 10350, then ... we could reach till 10981.6-11413.4 that are the final Daily targets as 100%-123% extension of 2016-02-11 8699.2 low, 2016-4-20 10500 high, 2016-06-24 9149.6 low ... but that will negate the W1 down targets around 8279.9-7535.9 that are still active ...

All this is long-time targets ... in the middle ... day-by-day targets, for today ... 10118.8-10256.4 are the expected ones ... maybe when US opens ... or tomorrow during the moring, for then having a sell-friday ..
  • #24,249
  • Jul 14, 2016 2:26am Jul 14, 2016 2:26am
And taking a look at SP500 ... we are now in a 'take a breath' impass 2141.8-2159.8 ... looking for final H4-D1 targets around 2188.9-2218.0 target zone ... with a more than probable finish around 2203.5.

That also give force to the DAX plan
  • #24,250
  • Jul 14, 2016 3:13am Jul 14, 2016 3:13am
This may excite the Dax Bulls...

Current Avg PE ratio of Dax30 = 15.54.

vs

Current Avg PE ratio of US Equities = 24.

-----> give or take a few points for accounting differences perhaps.

That gives the Dax a lot of scope to rise.... But obviously the EU is a riskier environment than US economy at the moment, hence the risk-premia.
  • #24,251
  • Jul 14, 2016 3:23am Jul 14, 2016 3:23am
Quoting rbetancor
Since Day 8th of July that DAX brokeup day 7th high, 9940-10093.8 was on my targets on H1-H4 candels ... now we should/could exten gains to 10118.8-10256.4, as on Daily candles there is still up targets around 10350-10549.8 ... the real problem to me is ... if we get to 10350, then ... we could reach till 10981.6-11413.4 that are the final Daily targets as 100%-123% extension of 2016-02-11 8699.2 low, 2016-4-20 10500 high, 2016-06-24...
If 10,300 clears then 11,000 is next. Anyone buying long here now or just in and out scalping?
  • #24,252
  • Jul 14, 2016 3:29am Jul 14, 2016 3:29am
Quoting stylinex
{quote} If 10,300 clears then 11,000 is next. Anyone buying long here now or just in and out scalping?
Waiting for a bigger dip.... GBP/BoE rate decision in 30mins may cause volatility across Equities and GBP pairs.
  • #24,253
  • Jul 14, 2016 3:35am Jul 14, 2016 3:35am
Quoting PariCovek
{quote} Waiting for a bigger dip.... GBP/BoE rate decision in 30mins may cause volatility across Equities and GBP pairs.
Good news out of BOE which I expect would send indexes further up. England said they would do their best to support market in England so I reckon they will do so to show Europe that they can do well without being a part of the EU (They do not want to lose face after first BOE Brexit anouncement out of England)
  • #24,254
  • Jul 14, 2016 3:35am Jul 14, 2016 3:35am
Quoting stylinex
{quote} If 10,300 clears then 11,000 is next. Anyone buying long here now or just in and out scalping?
Just scalping these days ... whenever a value gets into a desition zone ... I just scalps ... no new big trades.

In fact, yesterday was a negative day to me ... -5 negative ops, as I was trying to scalp on the wrong direction on the wrong timing ... but monthly targets got hit on day 12, so now I'm only trying to not loose the gains and do little ops. If I do not made any op till August will be ok to me ... but greeding its a stronger feeling .. XDD
  • #24,255
  • Jul 14, 2016 4:25am Jul 14, 2016 4:25am
He had to close the gap opening
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  • #24,256
  • Jul 14, 2016 4:27am Jul 14, 2016 4:27am
Quoting jmss59
He had to close the gap opening {image}
Thursday reversal day lol... Watch it go back up again.
  • #24,257
  • Jul 14, 2016 4:29am Jul 14, 2016 4:29am
Quoting stylinex
{quote} Thursday reversal day lol... Watch it go back up again.
I was thinking about that down move on DAX ... but not now ... later after or just before US open ... jeje .. they are 'brushing the ceiling' ... XDD
  • #24,258
  • Edited 4:59am Jul 14, 2016 4:34am | Edited 4:59am
Dax went down to the Yesterday POC on the tick.
Almost closed the GAP
Weird move. 100 point +

Market was diappointed there was no rate cut in GB! Thats the drop.
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It's better to be out wishing to be in... than to be in wishing to be out!
  • #24,259
  • Jul 14, 2016 4:54am Jul 14, 2016 4:54am
the price has a 80% chance to reach the next rank
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  • #24,260
  • Jul 14, 2016 6:56am Jul 14, 2016 6:56am
DAX Long 10060. Just above 50% middle OR.
Still inside its OR .

T1 +11 x 2 Lot
T2 +21 x 2 Lot
Tries to break out OR now

SToploss 10075
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It's better to be out wishing to be in... than to be in wishing to be out!
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