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Carpe diem: Intraday tactics for Dax and Dow

  • #25,841
  • Sep 22, 2016 9:06am Sep 22, 2016 9:06am
Quoting Dutchy Daxy
S&P wants to close the GAP of Sept 8 @ 2170.50 / GAP closed DAX on its normal Weekly POC @ 700 (2 Weeks back Weekly POC)
I do not see how there was a gap from two weeks ago. Last time it was at around 10,685 it had pretty much went there with all apps closed. We had plenty of gaps under 10,000 to cover and those were never convered by the time futures contracts had expired last week so anything that had to be covered under 10,000 is pretty much no longer being covered since 3rd quarter futures had already expired. I think fresh QE Stimulus funds kicked in to lift markets up. Same thing had happened in Asia earlier on this week. Governments usually work together in coordination with Stimulus funds to boost local growth numbers for economy.
  • #25,842
  • Sep 22, 2016 9:10am Sep 22, 2016 9:10am
S&P scalp short @ 2169.25

T1 +1.5 point (6 ticks) $75,00
1 lot to go
SL BE
FLAT 2nd lot +1 point (4 ticks) ($50,00)
Attached Image
It's better to be out wishing to be in... than to be in wishing to be out!
  • #25,843
  • Edited 9:36am Sep 22, 2016 9:11am | Edited 9:36am
Quoting Dutchy Daxy
DAX Scalp short @ 686 Maybe down to 655? T1 +8 points Tight SL. Still strong but I expect a little pull back ahead of EUREX close. Naked Daily POC Sept 8 above @ 730. Could see a push up there. Many shorts placed/taken in this zone. Market makers are gone kill them all I think. (depends how far away your SL is ofcourse) {image}
DAX SL BE @686 (entry) +1 point locked in
FLAT 2nd lot +1

(DAX 725 Naked Daily POC still calling)
(S&P Weekly POC @ 2174 still caling)
(DOW Weekly POC @ 18.400 still calling)

DAX down targets 655 & 625

US markets remain ticking up..
It's better to be out wishing to be in... than to be in wishing to be out!
  • #25,844
  • Sep 22, 2016 9:23am Sep 22, 2016 9:23am
Quoting StrayDog
Dax short 10,698 CFD, stop @ 10,710
closed @ 10,682 for just 16 points.
Hope is dangerous in this game.
  • #25,845
  • Sep 22, 2016 9:35am Sep 22, 2016 9:35am
Just want to show where the DAX stopped.

Also pockets to fill as down targets later on. Longer term trading.

I kicked out the so called VWAP POC lines. (yellow dashed lines)
They make no sence to me. Not respected by the market as a S/R level.
So I'm only looking to the traditional POC lines as (I use to do for 4 years already)
Attached Image (click to enlarge)
Click to Enlarge Name: FDXM 12-16 (30 Min) 22-9-2016.jpg Size: 119 KB
It's better to be out wishing to be in... than to be in wishing to be out!
  • #25,846
  • Sep 22, 2016 9:39am Sep 22, 2016 9:39am
Another gauge of market sentiment

Attached Image


I know this is a index thread primarily... but on days like this, when indices are trending, you can find some strong stock that wasn't so strong recently, and buy it in premarket or right on the NYSE open. I was thinkink about AAPL, which looks like it was bull flaging for past days. Anyways, it was $114.07 at open I think, and now about $114.90. Didn't trade it.
Hope is dangerous in this game.
  • #25,847
  • Sep 22, 2016 9:46am Sep 22, 2016 9:46am
Quoting Dutchy Daxy
Just want to show where the DAX stopped. Also pockets to fill as down targets later on. Longer term trading. I kicked out the so called VWAP POC lines. (yellow dashed lines) They make no sence to me. Not respected by the market as a S/R level. So I'm only looking to the traditional POC lines as (I use to do for 4 years already) {image}
Right ly so stick to your plan sorry to bring it up
  • #25,848
  • Sep 22, 2016 9:51am Sep 22, 2016 9:51am
Quoting StrayDog
{quote} Absolutely... Here is one example, of today price action. {image} This is a 15m chart, pay attention to the ema10 and price have stayed above it all the time. You can use sma20 also (bolinger bands median line). That is some conventional "wisdom", how to use certain ema or sma to determine the strenght of the move. For US Markets, there are some other indicators as well, called "market internals" such as TICK, ADD and VOLD. TICK = Nyse tick - ratio between all upticks/downticks ADD = ratio between advancing and declining stocks VOLD = ratio...
Am I right to say that these market internals data are only available to those with actual access to the US markets (i.e. not CFDs)?
  • #25,849
  • Sep 22, 2016 9:51am Sep 22, 2016 9:51am
DAX Short @ 678
Try again

30 min for EUREX close.
US markets keep it high or higher until EUREX close.
It's better to be out wishing to be in... than to be in wishing to be out!
  • #25,850
  • Sep 22, 2016 9:52am Sep 22, 2016 9:52am
Quoting Dutchy Daxy
Just want to show where the DAX stopped. Also pockets to fill as down targets later on. Longer term trading. I kicked out the so called VWAP POC lines. (yellow dashed lines) They make no sence to me. Not respected by the market as a S/R level. So I'm only looking to the traditional POC lines as (I use to do for 4 years already) {image}
Thank you dutchy! Everytime i place a position i come here to check your chart again
  • #25,851
  • Sep 22, 2016 9:54am Sep 22, 2016 9:54am
Quoting dontknowwhy
{quote} Am I right to say that these market internals data are only available to those with actual access to the US markets (i.e. not CFDs)?
You can get them like I do, for free on Trading View, which I am using for charting.
Hope is dangerous in this game.
  • #25,852
  • Sep 22, 2016 9:59am Sep 22, 2016 9:59am
Dutchy daxy
Where did you get the most knowledge about profile
James Dalton book mind over markets?
I have i for over a year and never got completely through it
Should I continue it or read other material that you might know about?
I.know Peter recnizek from Shadowtrader. Net is also a big fan of Dalton and the profile but the way he explains uses it is more complex than you do
Keep it simple does the magic I guess
  • #25,853
  • Sep 22, 2016 10:07am Sep 22, 2016 10:07am
Quoting wbemsms
Dutchy daxy Where did you get the most knowledge about profile James Dalton book mind over markets? I have i for over a year and never got completely through it Should I continue it or read other material that you might know about? I.know Peter recnizek from Shadowtrader. Net is also a big fan of Dalton and the profile but the way he explains uses it is more complex than you do Keep it simple does the magic I guess
I had a basic training in an other US trading/training room.
They told 25% of the MP/TPO only.
The rest is practising myself. Still do.
Watching the moves/where they stop (on TPO charts)

Still many secrets on TPO charts. Like patterns, how to see markets could move up or down.

But I know MP/TPO charts better now then I know my ex wife.
It's better to be out wishing to be in... than to be in wishing to be out!
  • #25,854
  • Edited 10:30am Sep 22, 2016 10:09am | Edited 10:30am
Quoting Dutchy Daxy
DAX Short @ 678 Try again 30 min for EUREX close. US markets keep it high or higher until EUREX close.
There we go.
EUREX close 10 minutes

T1 +11 points
T2 +21 points
1 lot to go.
SL BE and trailing

Have also 1 lot Big DAX running. Same entry. (1 point diff)
FLAT Big DAX 1 lot +20 points (1 point E 25,00)

DAX waits/bounced of the 50
Attached Image (click to enlarge)
Click to Enlarge Name: FDXM 12-16 (15 Min) 22-9-2016.jpg Size: 61 KB
It's better to be out wishing to be in... than to be in wishing to be out!
  • #25,855
  • Edited 10:36am Sep 22, 2016 10:13am | Edited 10:36am
SHort US markets, but still inside OR

S&P T1 +1 point ($50,00)
1 lot to go
+ 2 points locked in
FLAT +2 points ($100,00)

DOW T1 +11 points ($55,00)
1 lot to go.
+16 points locked in
FLAT +16 points ($80,00)

IF S&P gets below 2166.00 it could excelerate down.

Prices remain in their Opening Ranges so far.
Will re enter if it breaks out down or above OR.

US lunch time most of the times slow and waiting.
Attached Image (click to enlarge)
Click to Enlarge Name: Knipsel.JPG Size: 84 KB
It's better to be out wishing to be in... than to be in wishing to be out!
  • #25,856
  • Sep 22, 2016 10:39am Sep 22, 2016 10:39am
Quoting Dutchy Daxy
SHort US markets, but still inside OR ....
/NQ is strong, Russell 2000 is leader now.

Nice trading Dutchy...
I will take a break, but before that, I will just ask you one thing - do you have some lets say "usuall" stop for /ES?
I usually use something around 2 points, sometimes just 5 ticks, but usually 2 - 2.50 points.
Hope is dangerous in this game.
  • #25,857
  • Sep 22, 2016 10:44am Sep 22, 2016 10:44am
Quoting StrayDog
{quote} /NQ is strong, Russell 2000 is leader now. Nice trading Dutchy... I will take a break, but before that, I will just ask you one thing - do you have some lets say "usuall" stop for /ES? I usually use something around 2 points, sometimes just 5 ticks, but usually 2 - 2.50 points.
In general max 2 points/8 ticks.
It's better to be out wishing to be in... than to be in wishing to be out!
  • #25,858
  • Sep 22, 2016 11:20am Sep 22, 2016 11:20am
Quoting StrayDog
{quote} You can get them like I do, for free on Trading View, which I am using for charting.

Brilliant. Thanks!
  • #25,859
  • Sep 22, 2016 11:49am Sep 22, 2016 11:49am
Dutchy Daxy you make market look so easy. I am still loosing consistently (it is a unlucky skill) while been trading 3 years
  • #25,860
  • Sep 22, 2016 12:01pm Sep 22, 2016 12:01pm
Quoting Mr.Dan
Dutchy Daxy you make market look so easy. I am still loosing consistently (it is a unlucky skill) while been trading 3 years
It looks easy, but its not.
It's better to be out wishing to be in... than to be in wishing to be out!
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