Carpe diem: Intraday tactics for Dax and Dow

@DutchyDaxy: I'm sorry if that has been asked already but which moving averages do you use (peroid and type) ?

and thanks for the work here

YM Short. Left the OR.

T1 +11 x 4 lot.
1 Lot to go.

Don't worry to ask. Nobody did before.

My main tools are:

First 60 minutes Opening Range from cash open. Break Outs of the H & L levels of the OR.
Pivot Points as everybody use them. (for possible targets) R1.5 is important.
Market profile levels. (for possible targets) Daily TPO and Weekly TPO chart.
I really can't trade without these two TPO/Market Profile charts anymore.


3 T3 MA lines. Fast / Medium and Slow settings.
(T3 MA lines are less responsive/wobly as SMA/EMA lines etc.)
Visual more relaxed and steady.

The Fast T3 MA line I use as an entry MA line, when the market pulls back in case of an up move/trend (buy on the little dips)
or when pops up in case of a down move/trend (sell on the little pops)

The MID and SLOW T3 lines I see as a channel.
Last days the MID and SLOW T3 MA lines are strangled around each other.
That tells me the markets are choppy/unpredictable. (summer trading/no news)
When these two lines show a nice spread/channel (distance between the MID/SLOW MA line) there is often power/a trend in the market and the price is outside that slow channel.

Also important: when the price crosses that slow channel to the up or downside. That is very often an unexpected break out..

The settings of the MA lines depend what kind of chart you use. Range/Renko/Minutes.
Each type of chart need a different setting of the MA lines.

I trade on Range charts only and in that way I learned how the lines behave on the Range chart and what the patterns are.
But offcourse I make the same mistakes as most traders do. Being not patient/not following my strategy.

I use two Range charts.
A medium fast one for Price Action with bars,
and a slower one to overview a few days back with a priceline instead of bars.

The 3 MA lines show on both charts the same price level.
When I should see for example my slow T3 MA line on a different level on both charts, it confuses me.


Regards.

I you need more info (as far as I can give) send me a PM please.

English is not my mother language, so sorry for the gramathical errors.

Ohh thank you Tomorrow I will "study" this

All the best!

First try. Long

Target 10.225/240

T1 +11 points 2 lot
1 Lot to go

SL 10.190

FLAT Trailer -6
T1 +22

ALL my MA lines still gathered, so chop and scalping

Yesterday GAP closed 10.177

Now on PP 10.182

Down targets:
10.155 Yesterday 50% middle OR.
10.138 Last Friday POC
10.125 (last week POC)

Up targets:
Yesterday POC 10.225/230
Yesterday High 10.258

Are you buying the dips (pullbacks) too?

Today is a day to burn money!

Normally I do, but now all my MA lines are on top of each other. No clue where it may go to.

T1 +11 points
2 Lot to go
T2 +21

1 to go



T1 +11 points
2 Lot to go

SL 10.162

Looking for:
10.140/10.125
10.112 Yesterday lower level OR/Y Low

Facing the 10092.80-10001.42 on H1 ... M5-M1 told so during opening ... that leave us with an incoplete H1-H4 sequence ... that should end no higher than 10274.82 during this week.

Now let's go into intraday mode and see what we could catch ...

T1 +33 (3 lot x 11 points)
T2 +21 (1 Lot x 21 points)
Flat trailer +21 points

Short again 1 lot 10.157
Tight SL. BE

Price waits just above Friday POC.
Markets is looking for more sellers.

Hit the Friday POC again.
Now to 125? or 110 R1?

FLAT BE 1 lot only

DAX OR : 10.210/10.138

DAX stopped/tested exactly on the Friday POC.
I love Market profile.

It shows possible targets or levels where the market could stop/reverse again.

CL (oil) still dropping.
Could/should give some down pressure on YM.

$ 4.00 drop last few days and still tanking.
$ 11.00 drop last 1.5 week.

Short but still inside OR. Scalping and hand on the mouse to close

FLAT -8 points x 2 lot

I'm punnished for trading inside the OR

Attachment

Nothing to trade so far.

Maybe the US open will tell us something.

DAX is above the OR 10.210

Long at 10.220.

T1 1 lot +11 points.

Target 10.245/255.
10.255 R1 and +/- Y High

It hardly moves. Waits for US to move.

Now on Y POC 10.225

SL trailer BE

GOLD pops a little.