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Carpe diem: Intraday tactics for Dax and Dow

  • #24,761
  • Aug 3, 2016 7:18am Aug 3, 2016 7:18am
Quoting Dutchy Daxy
Re entry DAX looking for Y single blocks T1 +11 x 2 lot 1 lot to go SL 144 DAX almost back on upside OR {image}
SL 10.175
FLAT Trailer +26 points
It's better to be out wishing to be in... than to be in wishing to be out!
  • #24,762
  • Aug 3, 2016 7:33am Aug 3, 2016 7:33am
time to short BRENT
  • #24,763
  • Aug 3, 2016 7:35am Aug 3, 2016 7:35am
CL Hikes.
Inventories

T1 +20 ticks
FLat Trailer +31

Fast Break out on inventories.
Higher suply. Price should drop IMO. But pops
Attached Image (click to enlarge)
Click to Enlarge Name: CL 09-16 (25 Range) 3-8-2016.jpg Size: 81 KB
It's better to be out wishing to be in... than to be in wishing to be out!
  • #24,764
  • Aug 3, 2016 7:43am Aug 3, 2016 7:43am
ES still tries to go up to 2157.00 to cover the last Y single TPO blocks.

Gold dropped $ 10,00 in 2 Hrs.

DAX stopped on the Y POC and V peak. (180/190 area)
It's better to be out wishing to be in... than to be in wishing to be out!
  • #24,765
  • Aug 3, 2016 7:47am Aug 3, 2016 7:47am
I am going crazy, hard to be new trader.. over supply as Dutchy Daxy mentioned, Oil should drop and take DAX with himself but it bounces..
  • #24,766
  • Aug 3, 2016 7:59am Aug 3, 2016 7:59am
Quoting embo
I am going crazy, hard to be new trader.. over supply as Dutchy Daxy mentioned, Oil should drop and take DAX with himself but it bounces..
Don't look for correlation between CL and DAX
There is more CL/YM correlation as I mentioned before.

I'm suprised as well of CL pop. Not logic, but markets are often not logic, so we better not search for logics of movements.
Better follw your lines and trust in that.
Big firms spend milions $ for Fundamental info.
We can't understand as small traders most of the time.
The only thing we can try to learn/understand are our charts.


Read the line below.

Expect...........
It's better to be out wishing to be in... than to be in wishing to be out!
  • #24,767
  • Aug 3, 2016 8:09am Aug 3, 2016 8:09am
These pockets/Gaps need to be filled.
Has to be done soon (in theory)

Friday more US job news to be deliverd which can move the markets.
Attached Image (click to enlarge)
Click to Enlarge Name: FDXM 09-16 (30 Min) 3-8-2016.jpg Size: 104 KB
Attached Image
It's better to be out wishing to be in... than to be in wishing to be out!
  • #24,768
  • Aug 3, 2016 8:19am Aug 3, 2016 8:19am
I smashed my crystal bol to the wall long time ago.
So got my charts only.

Short term ES an YM have to fill these pockets to the upside. Screenshort above of Weekly TPO charts.

Long term we could go down to cover the singles below on the Monthly TPO chart.

No prediction. Just an observation.
Attached Image
It's better to be out wishing to be in... than to be in wishing to be out!
  • #24,769
  • Aug 3, 2016 8:21am Aug 3, 2016 8:21am
Re entry CL
Pulled back to my entry line and popped again.

T1 +11 points
1 lot to go

Locked in +11 points
Locked in +16 points
Locked in +21 points

FLAT Trailer +21
T1 +11
Total +32 x $10,00 (1 point for my broker. Rest for me)

I'm sure I left some money in the table, but I'm more in a Hit and Run mood during Holidays.
Attached Image (click to enlarge)
Click to Enlarge Name: CL 09-16 (25 Range) 3-8-2016.jpg Size: 76 KB
It's better to be out wishing to be in... than to be in wishing to be out!
  • #24,770
  • Aug 3, 2016 8:34am Aug 3, 2016 8:34am
Quoting Dutchy Daxy
{quote} Don't look for correlation between CL and DAX There is more CL/YM correlation as I mentioned before. I'm suprised as well of CL pop. Not logic, but markets are often not logic, so we better not search for logics of movements. Better follw your lines and trust in that. Big firms spend milions $ for Fundamental info. We can't understand as small traders most of the time. The only thing we can try to learn/understand are our charts. Read the line below. Expect...........

psychological part is the worst part.

BTW,
CL- crude oil
ES- SPX500?
YM- ?

thanks,
  • #24,771
  • Aug 3, 2016 8:45am Aug 3, 2016 8:45am
Quoting embo
{quote} psychological part is the worst part. BTW, CL- crude oil ES- SPX500? YM- ? thanks,
Yes.

YM = Dow Jones
ES = S&P 500
CL = Oil (Crude Light)

BTW: Oil popped because of much greater demand of petrol then expected.
So there is enough oil stock to let everybody drive its car.
It's better to be out wishing to be in... than to be in wishing to be out!
  • #24,772
  • Aug 3, 2016 9:00am Aug 3, 2016 9:00am
Quoting Dutchy Daxy
{quote} Yes. YM = Dow Jones ES = S&P 500 CL = Oil (Crude Light) BTW: Oil popped because of much greater demand of petrol then expected. So there is enough oil stock to let everybody drive its car.
thanks for explanation.

and this demand and supply thing.. yesterday Reuters news were all over publishing that there is no demand, now it is opposite..
  • #24,773
  • Aug 3, 2016 9:12am Aug 3, 2016 9:12am
Quoting embo
{quote} thanks for explanation. and this demand and supply thing.. yesterday Reuters news were all over publishing that there is no demand, now it is opposite..
Less demand for oil, but much more demand for petrol it seems.
We need oil for that.

That's what I mean. Don't puzzle to much about this. It's drives you mad.
KISS. Keep It Simple Stupid.
Just find good MA lines and follow and respect them.

BTW: I left at least 40 points on the table in my last CL trade.
It's better to be out wishing to be in... than to be in wishing to be out!
  • #24,774
  • Aug 3, 2016 9:12am Aug 3, 2016 9:12am
Quoting embo
{quote} thanks for explanation. and this demand and supply thing.. yesterday Reuters news were all over publishing that there is no demand, now it is opposite..
Long time ago ... I decided not to follow news ... they are just triggers to reach targets, just do your math over you chart ... I do, I get % of probabilities to reach a target and put my money on it ... then just wait the trigger to get pulled ... thats all, If you were wright ... continue ... if you were worng ... redo your calcs and learn.
  • #24,775
  • Aug 3, 2016 9:43am Aug 3, 2016 9:43am
ES has covered its last Y single blocks. Mission completed so far.
T1 +1 point
Trailer FLAT +1.5 point
Attached Images
It's better to be out wishing to be in... than to be in wishing to be out!
  • #24,776
  • Aug 3, 2016 9:58am Aug 3, 2016 9:58am
Quoting rbetancor
{quote} Long time ago ... I decided not to follow news ... they are just triggers to reach targets, just do your math over you chart ... I do, I get % of probabilities to reach a target and put my money on it ... then just wait the trigger to get pulled ... thats all, If you were wright ... continue ... if you were worng ... redo your calcs and learn.
lots of work waiting for me and sleepless nights :| thanks for advice
  • #24,777
  • Aug 3, 2016 10:00am Aug 3, 2016 10:00am
Quoting Dutchy Daxy
{quote} Less demand for oil, but much more demand for petrol it seems. We need oil for that. That's what I mean. Don't puzzle to much about this. It's drives you mad. KISS. Keep It Simple Stupid. Just find good MA lines and follow and respect them. BTW: I left at least 40 points on the table in my last CL trade.
thanks forex school officially started
  • #24,778
  • Aug 3, 2016 10:07pm Aug 3, 2016 10:07pm
Any price and time target for the I-3 Low ??
The downside seems to limited because the big money went strongly Short (see sentiment)

Sixer
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: Y-Sentiment-3.8.16.gif Size: 32 KB
  • #24,779
  • Edited 11:06pm Aug 3, 2016 10:49pm | Edited 11:06pm
I went long overnight 1 hour before the close.
See if my SL holds.

DAx could try to fill that pocket up to 10.25/260

Nikkei wants to go up. US Futures still positive.
ES could try to up to 2162.00 Last Week POC.

Gold dropped $15,00
Oil recovered almost $2,00

ES +6 trailer so far. 4 points locked in trailer,

DAX +75 trailer so far. In the Y single blocks area now. Filling the pocket now. 40 points locked in trailer
Attached Image (click to enlarge)
Click to Enlarge Name: Wed Close ON.JPG Size: 207 KB
It's better to be out wishing to be in... than to be in wishing to be out!
  • #24,780
  • Aug 3, 2016 10:57pm Aug 3, 2016 10:57pm
ES went up to its last Month Volume/TPO peak.
I wonder if it wants to go higher again.
Attached Image
It's better to be out wishing to be in... than to be in wishing to be out!
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