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Carpe diem: Intraday tactics for Dax and Dow

  • #24,861
  • Edited 9:13am Aug 9, 2016 8:57am | Edited 9:13am
Quoting rbetancor
Summer tradding ... tipical 'lets burn everyones account' day .. :-P
If you fight the markets your account will be burned yes. But don't.
There is not ONE MA line down on my charts. Why should I fight it and go short?
Be patience..................
The biggest pitt fall is our own assumptions and forecasts/predictions.

Don't "fabricate"trades if there isn't any.
Wait for the "clean" set ups.

There is always the fear in our mind of missing a good trade. Therefore we often take not logical entries.
So what. If we miss an entry/trade. There will be more to come during the day.
It's better to be out wishing to be in... than to be in wishing to be out!
  • #24,862
  • Aug 9, 2016 9:00am Aug 9, 2016 9:00am
Quoting Dutchy Daxy
{quote} If you fight the markets your account will be burned yes. But don't
Thanks to God, long time ago I learned (the hard and only way to learn on trading ... loosing), not to go agains the market ... just 'surf the tide' ... and I prefer to take my money from the table earlier than latter ... greeding it's one of the biggest novice mistakes.
  • #24,863
  • Aug 9, 2016 9:02am Aug 9, 2016 9:02am
Quoting Dutchy Daxy
{quote} If you fight the markets your account will be burned yes. But don't. There is not ONE MA line down on my charts. Why should I fight it and go short? Be patience..................
Was waiting to 10512.6 ... but when it comes, was not the wright time ... and the indies said 'its also not the wright place' ... so I just saw it passing away ...
  • #24,864
  • Aug 9, 2016 9:14am Aug 9, 2016 9:14am
S&P and DOW are playing in the Y Opening Range.
Same as the DAX did this morning (and the DAX hiked)
It's better to be out wishing to be in... than to be in wishing to be out!
  • #24,865
  • Edited 9:30am Aug 9, 2016 9:17am | Edited 9:30am
ES T1 +1 point
1 lot to go
ES FLAT trailer +2 points

DOW (YM) T1 +11
1 lot to go.
SL 18.495

Both markets still on the edge/upside Y OR and both are dancing on Y Highs!!!

Attached Image
Attached Image
It's better to be out wishing to be in... than to be in wishing to be out!
  • #24,866
  • Aug 9, 2016 9:34am Aug 9, 2016 9:34am
ES (s&p) OR: 2176.00/2182.50

YM (DOW) OR 18.473/18.515
It's better to be out wishing to be in... than to be in wishing to be out!
  • #24,867
  • Aug 9, 2016 9:35am Aug 9, 2016 9:35am
Quoting rbetancor
{quote} Still pending 10591.2 ... let's see if post-us open touch it
Almost there ... I will consider it hitted.
  • #24,868
  • Edited 10:01am Aug 9, 2016 9:46am | Edited 10:01am
EU markets lost their minds.
They have to catch up US markets because of Brexit dip it looks.

Ronan Keating song: Life Is a Rollercoaster

So don't fight it
Life is a rollercoaster
Just gotta ride it

You only have to replace life for market
It's better to be out wishing to be in... than to be in wishing to be out!
  • #24,869
  • Aug 9, 2016 9:51am Aug 9, 2016 9:51am
Quoting Dutchy Daxy
EU markets lost their minds. They have to catch up US markets because of Brexit dip it looks.
Yes ... 76 points move on DAX post-US open, without any news trigger ... full-summer-mode
  • #24,870
  • Aug 9, 2016 10:07am Aug 9, 2016 10:07am
Quoting rbetancor
{quote} Yes ... 76 points move on DAX post-US open, without any news trigger ... full-summer-mode
From its morning OR already more then 200 points.
Summer trading indeed.
No logic in this move so far.
But we wil read it later. Smart people will tell you the reason of this strange move (afterwords)
It's better to be out wishing to be in... than to be in wishing to be out!
  • #24,871
  • Aug 9, 2016 10:09am Aug 9, 2016 10:09am
Quoting Dutchy Daxy
ES T1 +1 point 1 lot to go ES FLAT trailer +2 points DOW (YM) T1 +11 1 lot to go. SL 18.495 Both markets still on the edge/upside Y OR and both are dancing on Y Highs!!! {image}{image}
Still Long in YM (Dow)
I hope the YM is gone make half the move the DAX did. (but not likely)
Target 18.535/545
It's better to be out wishing to be in... than to be in wishing to be out!
  • #24,872
  • Aug 9, 2016 10:13am Aug 9, 2016 10:13am
Quoting Dutchy Daxy
{quote} From its morning OR already more then 160/170 points. Summer trading indeed. No logic in this move so far. But we wil read it later. Smart people will tell you the reason of this strange move (afterwords)
yes ... as always ... 'all this move was expected, because Mars got alinged with Venus and that means ....' bla,bla, bla.

All My targets for today, this week and month ... got completed ... so, now ... on bonus time ... maybe I will go to the beach till september
  • #24,873
  • Aug 9, 2016 10:14am Aug 9, 2016 10:14am
Quoting Dutchy Daxy
{quote} Still Long in YM (Dow) I hope the YM is gone make half the move the DAX did. (but not likely) Target 18.535/545
This is what 'smart-people' is telling about YM

Dow Elliott wave cycles awaiting confirmation for another 6-7 year cycle
Dow Jones Real Estate Index has broken above 1.28.2015 peak and is now showing an incomplete sequence up from 2009 low. This makes the sequence bullish against 2.11.2016 low and calls for more upside toward 348 – 379 area initially before Index makes as 3 wave pull back to correct the cycle from 2.11.2016 low and ideally continues higher. Our main focus right now is at 2007 peak. if bulls manages to break this peak, that would make it an incomplete bullish Elliott wave sequence from all time lows and should have bullish consequences for other World and US Indices like Dow, SPX, Russell and NASDAQ etc. That would mean the new cycle which started on 2.11.2016 low could last for another 5-7 years (same amount of time that the cycle from 2009 low to 2015 peak took) and become a one way long ride. As of right now, it is just anticipation and Index does need to break above 2007 peak to confirm this view, until then it could still do a bullish triangle from 2007 peak or even a larger double three (wxy) Elliott wave structure from 2007 peak which we think is very less likely and hence we will be push higher against 2.11.2016 low for now

...
  • #24,874
  • Aug 9, 2016 10:24am Aug 9, 2016 10:24am
Wow ... almost 300 point up in a day without ANY breath ... I think this will hurt lot of people accounts.
  • #24,875
  • Aug 9, 2016 10:28am Aug 9, 2016 10:28am
Quoting rbetancor
Wow ... almost 300 point up in a day without ANY breath ... I think this will hurt lot of people accounts.
It sure will.
It's better to be out wishing to be in... than to be in wishing to be out!
  • #24,876
  • Aug 9, 2016 10:33am Aug 9, 2016 10:33am
150 points move post-us withaout any trigger ... insane, just insane ... let's count how many time pass before some 'guru' star screaming ... "I told you so..." ...

Well ... in fact, it's just going to the Daily targets I told some days ago ... it's just its going faster and without me ...
  • #24,877
  • Aug 9, 2016 10:53am Aug 9, 2016 10:53am
Quoting rbetancor
150 points move post-us withaout any trigger ... insane, just insane ... let's count how many time pass before some 'guru' star screaming ... "I told you so..." ... Well ... in fact, it's just going to the Daily targets I told some days ago ... it's just its going faster and without me ...
I took the right entry acc. to my strategy. Break out OR, but exited MUCH to early, because ES and YM were not following at all, and they still don't.
(which makes it a more weird move)
It's better to be out wishing to be in... than to be in wishing to be out!
  • #24,878
  • Aug 9, 2016 10:54am Aug 9, 2016 10:54am
Quoting Dutchy Daxy
{quote} I took the right entry acc. to my strategy. Break out OR, but exited MUCH to early, because ES and YM were not following at all, and they still don't. (which makes it a more weird move)
As ES and YM did not follow ... make this more like a bull-trap, maybe the move later ... who knows ... it's summer tradding.
  • #24,879
  • Edited 11:59am Aug 9, 2016 11:31am | Edited 11:59am
Little scalp down. Bounced of the 700 so far.

ES & YM didn't brake out their OR.

T1 +10 x 4 Lot
1 Lot to go.

SL BE +2 @ 675
Attached Image (click to enlarge)
Click to Enlarge Name: FDXM 09-16 (30 Min) 9-8-2016.jpg Size: 58 KB
It's better to be out wishing to be in... than to be in wishing to be out!
  • #24,880
  • Aug 9, 2016 12:24pm Aug 9, 2016 12:24pm
Quoting Dutchy Daxy
Little scalp down. Bounced of the 700 so far. ES & YM didn't brake out their OR. T1 +10 x 4 Lot 1 Lot to go. SL BE +2 @ 675 {image}
290 points move, with near 61% of a normal day volume ... that smells ... and it's not a good one.
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