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Carpe diem: Intraday tactics for Dax and Dow

  • #25,721
  • Sep 21, 2016 8:00am Sep 21, 2016 8:00am
ES now on its Y and Monday POC's. Support here.
Lets see if it holds.............

ES (S&P) Y close @ 2131.00
Attached Image
It's better to be out wishing to be in... than to be in wishing to be out!
  • #25,722
  • Sep 21, 2016 8:01am Sep 21, 2016 8:01am
Quoting Dutchy Daxy
DAX closed the GAP with Y High @ 459 Y POC @ 418 Y Close @ 399
Hi Dax,

How would you interpret the POC?
  • #25,723
  • Sep 21, 2016 8:05am Sep 21, 2016 8:05am
Quoting dontknowwhy
{quote} Hi Dax, How would you interpret the POC?
The pink horizontal lines are the POC lines of the day. (Price Of Control where the market is traded the most/level where the market is in balance)
The POC line/level is NOT the place where the highest Volume is/was.
POC level is the price level at which trading spent the most time at. Equilibrium.


http://www.forexfactory.com/showthre...35#post9147335
Attached Image (click to enlarge)
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It's better to be out wishing to be in... than to be in wishing to be out!
  • #25,724
  • Sep 21, 2016 8:07am Sep 21, 2016 8:07am
Quoting Dutchy Daxy
{quote} The pink horizontal lines are the POC lines of the day. (Price Of Control where the market is traded the most/level where the market is in balance) The POC line/level is NOT the place where the highest Volume is/was. POC level is the price level at which trading spent the most time at. Equilibrium http://www.forexfactory.com/showthre...35#post9147335
I understand that's the definition. But how should we structure our trades based on POC levels? Thanks in advance!
  • #25,725
  • Sep 21, 2016 8:12am Sep 21, 2016 8:12am
Vpoc tested from above gave nice push
I think we are at vwap weekly 441 now Another push
Dutchy daxy can you confirm?
  • #25,726
  • Sep 21, 2016 8:23am Sep 21, 2016 8:23am
Quoting wbemsms
Vpoc tested from above gave nice push I think we are at vwap weekly 441 now Another push Dutchy daxy can you confirm?
On my Weekly TPO chart the (developing) VWAP POC is -/+415
As said before, I'm not that experianced with the VWAP POC.
Need to look for that VWAP POC a couple of weeks.
It's better to be out wishing to be in... than to be in wishing to be out!
  • #25,727
  • Sep 21, 2016 8:30am Sep 21, 2016 8:30am
Quoting dontknowwhy
{quote} I understand that's the definition. But how should we structure our trades based on POC levels? Thanks in advance!
I see the POC levels as S/R levels/possible targets
These POC levels are often tested next day or some days later.
And that is logic, because on these levels most trading took place during that day. (Daily POC)

The Weekly POC's are even more "solid" as S/R levels/possible targets
Price often tests that level and has to decide there if its gone hold or fall of that cliff.
It's better to be out wishing to be in... than to be in wishing to be out!
  • #25,728
  • Sep 21, 2016 8:36am Sep 21, 2016 8:36am
DAX Long @ 449

Pop to 468/475 or drop to Y POC @ 419 or little lower Y Close

Hand on the trigger to close

FLAT -7 x 3 lot
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It's better to be out wishing to be in... than to be in wishing to be out!
  • #25,729
  • Sep 21, 2016 8:40am Sep 21, 2016 8:40am
US markets in the middle of Y OR.

T1 +1 point
Sl -1 point
FLAT last lot -1 BE trade

Sideways.
Attached Image
It's better to be out wishing to be in... than to be in wishing to be out!
  • #25,730
  • Sep 21, 2016 8:54am Sep 21, 2016 8:54am
DAX Long again @ 449
Today single TPO blocks up to 468

T1 +10 x 4 lot
1 lot to go/SL BE

ES still hesitating inside Y Opening Range
Bounced from Y top again
Attached Image (click to enlarge)
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It's better to be out wishing to be in... than to be in wishing to be out!
  • #25,731
  • Sep 21, 2016 8:54am Sep 21, 2016 8:54am
Quoting ujongpasir
Hi All Hope you did what I said it did last night between 17:30 and 20:00 to place a 'Buy' Dax. I picked up 5072.00 without a loss. hedging the bets. I stopped my greed to take the profit even though, if I carried on it would have given another more than 5000. CiAO Happy trading!
You where close but missed it with 5 points and below.

I say ranges, like 383 to 360. That hit it. Still very good call.
  • #25,732
  • Sep 21, 2016 8:56am Sep 21, 2016 8:56am
455 to 438 is support.
  • #25,733
  • Sep 21, 2016 8:57am Sep 21, 2016 8:57am
Quoting Dutchy Daxy
{quote} On my Weekly TPO chart the (developing) VWAP POC is -/+415 As said before, I'm not that experianced with the VWAP POC. Need to look for that VWAP POC a couple of weeks.
Ok thanks I will stop Asking
You have your system which is good see ing your result
I do not want to influence you
  • #25,734
  • Sep 21, 2016 8:59am Sep 21, 2016 8:59am
Quoting Dutchy Daxy
US markets on Yesterday upper OR level. Hesitate there./Bounced of from there. White dashed lines are the Yesterday US Opening Range (Initial Balance) levels {image}
Watch the picture with Y Opening Ranges ES and YM
It's better to be out wishing to be in... than to be in wishing to be out!
  • #25,735
  • Sep 21, 2016 9:00am Sep 21, 2016 9:00am
Quoting Dutchy Daxy
DAX Long again @ 449 Today single TPO blocks up to 468 T1 +10 x 4 lot 1 lot to go/SL BE ES still hesitating inside Y Opening Range Bounced from Y top again {image}
I am thinking of closing my DAX long @ 10442 before oil data comes out at 10.30am EST. I noticed DAX is highly correlated with SPX and oil
  • #25,736
  • Sep 21, 2016 9:03am Sep 21, 2016 9:03am
My naked chart. (DEMO)

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  • #25,737
  • Sep 21, 2016 9:04am Sep 21, 2016 9:04am
Quoting wbemsms
{quote} Ok thanks I will stop Asking You have your system which is good see ing your result I do not want to influence you
No no nooooooo, Don't stop asking. We all learn. I also keep asking.
  • #25,738
  • Sep 21, 2016 9:07am Sep 21, 2016 9:07am
There we go.
Today single TPO's covered.
They work as magnets.........
Now on Y High.

US markets still hesitate. Logic. FOMC ahead
It's better to be out wishing to be in... than to be in wishing to be out!
  • #25,739
  • Sep 21, 2016 9:08am Sep 21, 2016 9:08am
Quoting attilafx
{quote} No no nooooooo, Don't stop asking. We all learn. I also keep asking.
Correct. Just ask and you will be heared & answered.
It's better to be out wishing to be in... than to be in wishing to be out!
  • #25,740
  • Sep 21, 2016 9:10am Sep 21, 2016 9:10am
**DEMO TRADING**

Placed a buy limit at 10406 with a stop 50 points lower. Whatever the FOMC is saying.
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