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Carpe diem: Intraday tactics for Dax and Dow

  • #24,601
  • Jul 28, 2016 3:43am Jul 28, 2016 3:43am
Quoting rbetancor
{quote} 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
First target zone covered ... now retrace time ... 10354.1-10363.9 as fist target zone on the upside.
Downside could extens to 10301.3-10290.6
  • #24,602
  • Jul 28, 2016 3:59am Jul 28, 2016 3:59am
Quoting Dutchy Daxy
{quote} 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...
hi Dutchy Daxy,
many thanks for advice. I have account in CMC markets. i trade Germany 30-Cash, cdf.
can you please share recommended pivots? i see one of the most importing thing is pivot here in thread
  • #24,603
  • Edited 4:22am Jul 28, 2016 4:03am | Edited 4:22am
Quoting embo
{quote} hi Dutchy Daxy, many thanks for advice. I have account in CMC markets. i trade Germany 30-Cash, cdf. can you please share recommended pivots? i see one of the most importing thing is pivot here in thread
I use daily Pivot Points most of the time.
On Future DAX PP 10.317 today. Based/calculated on Cash/RTH trading hours.
Thats is a little different to ETH hours calculation.

Use/Add the 1.5 and 2.5 to the levels as well. R/S

Watch my earlier posted screenshots. You will see the Pivots.

I trade Mini DAX Futueres and sometimes the "Big Dax"
Big Dax trades give me a heart attack somtimes, so most times Mini Dax trades

I have a FXCM paper account, just to see/learn the price difference between Futures and CDF's.
In general there is a difference of 6 to 9 points CDF/Futures.

I use an Opening Range (OR) of the first 60 minutes, which starts on the Cash open. H/L
Today the OR is rather wide.
Yesterday was a small OR.
I'm looking for break outs of the OR
It's better to be out wishing to be in... than to be in wishing to be out!
  • #24,604
  • Edited 4:37am Jul 28, 2016 4:23am | Edited 4:37am
Short below the 50% middle OR and below PP

T1 +11 x 3 lot
2 Lot to go

OR is big, so scalping inside OR above/below 50%

Could easily pop again. My slow MA lines are stong up.

Stoploss 10.320

2 Lot FLAT BE Don't trust it here.

Price locked up between 2 Bearish fast MA lines and 2 Bullish slower MA lines, which is also the middle of the OR.

Attached Image (click to enlarge)
Click to Enlarge Name: FDXM 09-16 (30 Min) 28-7-2016 1122. jpg.jpg Size: 70 KB
Attached Image (click to enlarge)
Click to Enlarge Name: FDXM 09-16 (10 Range) 28-7-2016 1133.jpg Size: 87 KB
It's better to be out wishing to be in... than to be in wishing to be out!
  • #24,605
  • Jul 28, 2016 4:42am Jul 28, 2016 4:42am
Extension done ... opening gap closed, ... lets see if bounce from here or fist goes deeper.
  • #24,606
  • Jul 28, 2016 4:47am Jul 28, 2016 4:47am
Still in middle OR AND Y Volume/TPO peak
T1 +11 p x 2 lot
2 Lot to go

Stop loss 10.305 If stopped out +/- BE trade

DAX waits now for a US pop

Attached Image (click to enlarge)
Click to Enlarge Name: FDXM 09-16 (30 Min) 28-7-2016 1145.jpg Size: 66 KB
Attached Image (click to enlarge)
Click to Enlarge Name: FDXM 09-16 (25 Range) 28-7-2016 1145.jpg Size: 111 KB
It's better to be out wishing to be in... than to be in wishing to be out!
  • #24,607
  • Jul 28, 2016 4:51am Jul 28, 2016 4:51am
Sell on 10322.5 ... TG 10236.5

Seems it wants to cover the lower gaps
  • #24,608
  • Jul 28, 2016 4:57am Jul 28, 2016 4:57am
Quoting rbetancor
Sell on 10322.5 ... TG 10236.5 Seems it wants to cover the lower gaps
Down Targets:
Wed. High 271
Wed close 247
Wed POC 202
It's better to be out wishing to be in... than to be in wishing to be out!
  • #24,609
  • Jul 28, 2016 4:59am Jul 28, 2016 4:59am
This is the Idea

H1 view

Attached Image


As we are in a turning zone ... all ops with lot of care and tight stops
  • #24,610
  • Jul 28, 2016 4:59am Jul 28, 2016 4:59am
Quoting Dutchy Daxy
Still in middle OR AND Y Volume/TPO peak T1 +11 p x 2 lot 2 Lot to go Stop loss 10.305 If stopped out +/- BE trade DAX waits now for a US pop {image} {image}
Flat -8 p x 2 lot.
T1 +11 p.

So few points + only

ES ticks down
It's better to be out wishing to be in... than to be in wishing to be out!
  • #24,611
  • Jul 28, 2016 5:02am Jul 28, 2016 5:02am
Quoting Dutchy Daxy
{quote} Down Targets: Wed. High 271 Wed close 247 Wed POC 202
I'm looking for a target zone beetween Wed close and Wed POC, system gives that zone a 78% potencial to reverse and do a V wave or a truncated V (near today's top)
  • #24,612
  • Jul 28, 2016 5:04am Jul 28, 2016 5:04am
Quoting Dutchy Daxy
{quote} Flat -8 p x 2 lot. T1 +11 p. So few points + only ES ticks down
SP500 should not go under 2156.4 on H1 close or we will be in troubles to reach 2191-2220 zone.

SP500 slowly going down it's good for the DAX targets
  • #24,613
  • Jul 28, 2016 5:11am Jul 28, 2016 5:11am
ES chart is one big mess. All my MA lines gathered.
Summer trading. Only scalping. No swing trade to do here.
I don't expect the ES willl show a clear direction.

Same for YM, but YM a little bearish because of Oil drop
Attached Image(s) (click to enlarge)
Click to Enlarge Name: ES 09-16 (14 Range) 28-7-2016 1205.jpg Size: 204 KB
Click to Enlarge Name: ES 09-16 (14 Range) 28-7-2016 1205 B.jpg Size: 109 KB
It's better to be out wishing to be in... than to be in wishing to be out!
  • #24,614
  • Jul 28, 2016 5:19am Jul 28, 2016 5:19am
SP500 just over the Weekly pivot ... but system is calling for down targets on H1 ... just to later rise up. 2161.9 2160.0 ... 2158.7 ... as far as not under 2154.6 ... just a good retrace.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot002.jpg Size: 322 KB
  • #24,615
  • Jul 28, 2016 5:43am Jul 28, 2016 5:43am
(When) Is it gone fall of the cliff?
Attached Image (click to enlarge)
Click to Enlarge Name: ES YM Monthly.JPG Size: 86 KB
It's better to be out wishing to be in... than to be in wishing to be out!
  • #24,616
  • Edited 7:38am Jul 28, 2016 7:26am | Edited 7:38am
Little scalp only. Y Gap to close up to 2160.50
ES pulled back to Last week Weekly POC and bounced from there. (as long as it takes)

T1 +1 point
FLAT Trailer +1 point
2 points x $ 50,00

Attached Image
It's better to be out wishing to be in... than to be in wishing to be out!
  • #24,617
  • Jul 28, 2016 7:39am Jul 28, 2016 7:39am
I'm sitting on my hands ... just a little short on DAX, with TG 10234.5, there I will check if bounce opportunity arise ... to reach final 10440 targets
  • #24,618
  • Jul 28, 2016 7:53am Jul 28, 2016 7:53am
Quoting rbetancor
I'm sitting on my hands ... just a little short on DAX, with TG 10234.5, there I will check if bounce opportunity arise ... to reach final 10440 targets
Don't hurt your hands by sitting to long on them.
It's better to be out wishing to be in... than to be in wishing to be out!
  • #24,619
  • Jul 28, 2016 7:55am Jul 28, 2016 7:55am
Quoting Dutchy Daxy
{quote} Don't hurt your hands by sitting to long on them.


It's 'dead cat time' now ... so just launching till I listen to some music over youtube and wait for the maket to move ...
  • #24,620
  • Edited 8:55am Jul 28, 2016 8:36am | Edited 8:55am
Closed the Y GAP and dropped.
T1 +1p x 2 Lot
T2 +2p x 1 Lot
1 lot to go
SL 2156.00

FLAT +4.5 point.
Total 7.5 points x $ 50,00

Attached Image
It's better to be out wishing to be in... than to be in wishing to be out!
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