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Carpe diem: Intraday tactics for Dax and Dow

  • #24,581
  • Jul 28, 2016 1:00am Jul 28, 2016 1:00am
Hi
Does anyone here swing trade?

It seems everyone is only scalping.

Is it even possible to swing trade successfully with all the news and changes?
  • #24,582
  • Edited 2:25am Jul 28, 2016 2:03am | Edited 2:25am
DAX inside OR Yesterday.

GAP to close 10.314 Also PP and Y POC and Y 50% OR in that area.
Bunch of levels there.

My Slow MA lines up/Fast MA lines down. All gathered. Chop Chop/Scalp Scalp.

Down levels:
10.270 Thursday High
10.245 Thursday Close

This is a big mess. Nothing to swing here.

Locked between High Wed and Low Yesterday. Nasty here.

T1 +11 points
1 Lot to go

Target 255/250

SL 273 (10 p locked)

FLAT Trailer +10 p
Attached Image (click to enlarge)
Click to Enlarge Name: FDXM 09-16 (10 Range) 28-7-2016.jpg Size: 93 KB
It's better to be out wishing to be in... than to be in wishing to be out!
  • #24,583
  • Edited 2:38am Jul 28, 2016 2:27am | Edited 2:38am
Still 2 GAPS to close. Below and above opening.

US markets popped. DAX followed.
Try to close the Y GAP

GAP Closed and on Y POC and PP

T1 +11 p
Attached Image(s) (click to enlarge)
Click to Enlarge Name: FDXM 09-16 (30 Min) 28-7-2016 925.jpg Size: 71 KB
Click to Enlarge Name: FDXM 09-16 (30 Min) 28-7-2016 930.jpg Size: 137 KB
It's better to be out wishing to be in... than to be in wishing to be out!
  • #24,584
  • Edited 2:43am Jul 28, 2016 2:31am | Edited 2:43am
Quoting Dutchy Daxy
Still 2 GAPS to close. Below and above opening. US markets popped. DAX followed. Try to close the Y GAP GAP Closed and on Y POC and PP T1 +11 p {image} {image}
Stoploss 355

R2.5 10.400

FLAT 10.355 +66 and T1 +11
It's better to be out wishing to be in... than to be in wishing to be out!
  • #24,585
  • Jul 28, 2016 2:41am Jul 28, 2016 2:41am
Markets are one fire today, only long positions for today.
  • #24,586
  • Jul 28, 2016 2:43am Jul 28, 2016 2:43am
What a pitty ... I was waiting DAX over 10247-10231 ... but it didn't give me the chance to enter ... now flyed away.

10374.6 zone crossed ... increased the 'be careful D1-H4 level' to 'Warning, D1-H4 reverse zone entered' ... so now looking for structures that tell me so ...
Eitherway ... good opening range to play today ...
  • #24,587
  • Jul 28, 2016 2:47am Jul 28, 2016 2:47am
DAX went down to try to reach the Wed. High. Managed
Then they tried to close the Wed. GAP. Still open.

On my Weekly TPO chart was a GAP or Pocket in the TPO +/- 10.270

So several missions to do to the downside before they launched it again.
It's better to be out wishing to be in... than to be in wishing to be out!
  • #24,588
  • Jul 28, 2016 2:49am Jul 28, 2016 2:49am
Quoting rbetancor
What a pitty ... I was waiting DAX over 10247-10231 ... but it didn't give me the chance to enter ... now flyed away. 10374.6 zone crossed ... increased the 'be careful D1-H4 level' to 'Warning, D1-H4 reverse zone entered' ... so now looking for structures that tell me so ... Eitherway ... good opening range to play today ...
OR is big now. approx. 122 points.
Difficult to break out maybe.
Easier to break out with a smaller OR
It's better to be out wishing to be in... than to be in wishing to be out!
  • #24,589
  • Jul 28, 2016 2:52am Jul 28, 2016 2:52am
Quoting Dutchy Daxy
{quote} OR is big now. approx. 122 points. Difficult to break out maybe. Easier to break out with a smaller OR
Yes ... but gives plenty os OR space to scalp here and there ... breaking it to the upside will be hard ... but 10440 is on the cards since on the low it does't got lower than 10250-10240
  • #24,590
  • Jul 28, 2016 2:56am Jul 28, 2016 2:56am
If we go up 10.440 area is the target indeed.
But we have today singles to cover down to 10.325
Attached Image (click to enlarge)
Click to Enlarge Name: FDXM 09-16 (25 Range) 28-7-2016 955.jpg Size: 87 KB
It's better to be out wishing to be in... than to be in wishing to be out!
  • #24,591
  • Jul 28, 2016 2:57am Jul 28, 2016 2:57am
Also keeping an eye over SP500 ... still need to reach 2192-2220 ... so that could make DAX fly to 10440-10576
  • #24,592
  • Jul 28, 2016 3:00am Jul 28, 2016 3:00am
DAX OR: 10.260/10.382
It's better to be out wishing to be in... than to be in wishing to be out!
  • #24,593
  • Jul 28, 2016 3:06am Jul 28, 2016 3:06am
Quoting Dutchy Daxy
If we go up 10.440 area is the target indeed. But we have today singles to cover down to 10.325 {image}
That's why I said, big OR = good chances to scalp ...

We could be the rest of EU morning going up-down,down-up till it reach 10320.1-10305.9 with possible extensions to 10290.6 ... all this before US open or US released news
  • #24,594
  • Jul 28, 2016 3:09am Jul 28, 2016 3:09am
7:00 JPY Monetary Policy Statement/ BOJ Outlook Report

8:00 JPY BOJ Press Conference

1 Hour before and on the pre market open DAX tomorow morning.

Could move the markets
It's better to be out wishing to be in... than to be in wishing to be out!
  • #24,595
  • Jul 28, 2016 3:14am Jul 28, 2016 3:14am
hi DAX community,
I am new to this forum. trying to understand how DAX works. can anyone share with me useful information, how it is correlated with EUR, USD, SPX..
i thought that rise in EUR means drop in DAX but seems it not works that way. also drop in drop in USD means drop in DAX but it also not works. while USD drops SPX rises and takes DAX with itself.
oh i am getting crazy, it is so confusing for me, still keeping shorts from July 19th and burning my account, DAX breaks every resistant levels without dropping single day.
  • #24,596
  • Jul 28, 2016 3:21am Jul 28, 2016 3:21am
Quoting embo
hi DAX community, I am new to this forum. trying to understand how DAX works. can anyone share with me useful information, how it is correlated with EUR, USD, SPX.. i thought that rise in EUR means drop in DAX but seems it not works that way. also drop in drop in USD means drop in DAX but it also not works. while USD drops SPX rises and takes DAX with itself. oh i am getting crazy, it is so confusing for me, still keeping shorts from July 19th and burning my account, DAX breaks every resistant levels without dropping single day.
The only 'correlation' I use with DAX it's SP500 ... if SP500 drops ... DAX drops, if SP flyies ... DAX flyies too ... not on the same amount, but on ... lets say 80-85% of times, same direction.

For the rest ... I use other techniques for trading, not correlation
  • #24,597
  • Jul 28, 2016 3:27am Jul 28, 2016 3:27am
Quoting rbetancor
{quote} The only 'correlation' I use with DAX it's SP500 ... if SP500 drops ... DAX drops, if SP flyies ... DAX flyies too ... not on the same amount, but on ... lets say 80-85% of times, same direction. For the rest ... I use other techniques for trading, not correlation
I red a study and they said the DAX was more correlated to the YM then ES, but there can't be much difference.
So I agree with you. ES/DAX correlation. And don't forget the FESX (Eurostoxx 50)
It's better to be out wishing to be in... than to be in wishing to be out!
  • #24,598
  • Jul 28, 2016 3:36am Jul 28, 2016 3:36am
Quoting Dutchy Daxy
{quote} I red a study and they said the DAX was more correlated to the YM then ES, but there can't be much difference. So I agree with you. ES/DAX correlation. And don't forget the FESX (Eurostoxx 50)
thanks mate. what you mean by YM and ES? i still catching up with short names you are using in this thread. OR, PP, Y POK, TPO
  • #24,599
  • Jul 28, 2016 3:37am Jul 28, 2016 3:37am
Quoting rbetancor
{quote} The only 'correlation' I use with DAX it's SP500 ... if SP500 drops ... DAX drops, if SP flyies ... DAX flyies too ... not on the same amount, but on ... lets say 80-85% of times, same direction. For the rest ... I use other techniques for trading, not correlation
so many factors.. also read some info that it follows Asian indices as well. and GOLD, raise in gold makes European shares indices less attractive for investment
  • #24,600
  • Jul 28, 2016 3:42am Jul 28, 2016 3:42am
Quoting embo
hi DAX community, I am new to this forum. trying to understand how DAX works. can anyone share with me useful information, how it is correlated with EUR, USD, SPX.. i thought that rise in EUR means drop in DAX but seems it not works that way. also drop in drop in USD means drop in DAX but it also not works. while USD drops SPX rises and takes DAX with itself. oh i am getting crazy, it is so confusing for me, still keeping shorts from July 19th and burning my account, DAX breaks every resistant levels without dropping single day.
Hi Embo,

If you trade Futures in the FDAX : DON'T!!! when you are not experienced.
Trade Mini DAX Futures (FDXM) or trade CDF's

The DAX is doing it's own "thing" in the EU morning. (first 1.5 Hours of EU cash open)
Then coffee time (at this moment) and after coffee time, the DAX starts/tries to watch/follow the US markets in general.

(I) Never trade the DAX during US open. 8/9 times out of 10 times trading the DAX during US open is killing your account, so not worth to try. (maybe a few scalps only)

You could look for DAX trades +/- 1 Hour after US cash open, which is 1 Hour before EUREX Cash close.
It's better to be out wishing to be in... than to be in wishing to be out!
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