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Carpe diem: Intraday tactics for Dax and Dow

  • #25,861
  • Sep 22, 2016 12:05pm Sep 22, 2016 12:05pm
As long as US markets remain in their Opening Ranges, no shorts!
Maybe even a pop again
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It's better to be out wishing to be in... than to be in wishing to be out!
  • #25,862
  • Sep 22, 2016 12:07pm Sep 22, 2016 12:07pm
Seems like US is leading DAX markets and DAX hasn't respond by going up. Will it be a safe long now? Given that DAX has been tracking US markets quite closely
  • #25,863
  • Sep 22, 2016 12:10pm Sep 22, 2016 12:10pm
Quoting Dutchy Daxy
As long as US markets remain in their Opening Ranges, no shorts! Maybe even a pop again {image}
Hey Dax when you mention OR, do you mean the OR for the cash market? I have been rather confused because my indicator on MT4 only shows me the OR for CFD/Futures opening
  • #25,864
  • Sep 22, 2016 12:12pm Sep 22, 2016 12:12pm
Quoting dontknowwhy
{quote} Hey Dax when you mention OR, do you mean the OR for the cash market? I have been rather confused because my indicator on MT4 only shows me the OR for CFD/Futures opening
OR/Opening Range is the first 60 minutes High and Low of the Cash market. So High and Low after 60 minutes. (Amsterdam/Brussel time from 9 AM open)
It's better to be out wishing to be in... than to be in wishing to be out!
  • #25,865
  • Sep 22, 2016 12:13pm Sep 22, 2016 12:13pm
Quoting dontknowwhy
Seems like US is leading DAX markets and DAX hasn't respond by going up. Will it be a safe long now? Given that DAX has been tracking US markets quite closely
After 2 /3 Hours after EU cash open, the US markets become leading most of the time.
But during this time (second half US markets) the DAX is less responsive on the US markets.
It's better to be out wishing to be in... than to be in wishing to be out!
  • #25,866
  • Sep 22, 2016 12:17pm Sep 22, 2016 12:17pm
Quoting Dutchy Daxy
{quote} OR/Opening Range is the first 60 minutes High and Low of the Cash market. So High and Low after 60 minutes. (Amsterdam/Brussel time from 9 AM open)
I see. You mentioned no shorting as long as SP is within the OR. What is the reasoning behind that?

Thanks in advance!
  • #25,867
  • Sep 22, 2016 12:20pm Sep 22, 2016 12:20pm
Why you not go work for Goldman sachs or something Dutchy. Or those trader in Goldman are even more better. I cant imagine
  • #25,868
  • Edited 3:12pm Sep 22, 2016 12:25pm | Edited 3:12pm
Quoting dontknowwhy
{quote} I see. You mentioned no shorting as long as SP is within the OR. What is the reasoning behind that? Thanks in advance!
Very simple. There is no direction in the US markets since the US cash open. (see the picture some posts earlier)
Price goes up/down between these 2 line of the OR.
The big move is done before the cash open. Markets are in balance now and wait for a next move, either up or down outside the OR

I scalp inside the OR.
When price was on the bottom like an Hr ago, I went Long and grapped a few points.
One Hr after the US cash open price was on the top of the OR and I took a scalp short and grapped a few points as well.
But on a certain moment the price will break out the OR. Either up or down.
It's better to be out wishing to be in... than to be in wishing to be out!
  • #25,869
  • Edited 3:23pm Sep 22, 2016 1:11pm | Edited 3:23pm
Quoting Dutchy Daxy
{quote} After 2 /3 Hours after EU cash open, the US markets become leading most of the time. But during this time (second half US markets) the DAX is less responsive on the US markets.
Yes.

Also prior to London/ Frankfurt open... Check out Nikkei performanceÂ
practising coitus interruptus
  • #25,870
  • Edited 2:06am Sep 23, 2016 1:19am | Edited 2:06am
Gooooodmorning and Happy Friday.

In the DAX there are Y single TPO blocks to cover, down to 606 and 575.
625 is a support level.

Maybe a little pull back to these zones/profit taking
Markets still bullish so they can pop again

T1 +11 points
1 lot to go.
FLAT last lot +20 points
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It's better to be out wishing to be in... than to be in wishing to be out!
  • #25,871
  • Sep 23, 2016 1:33am Sep 23, 2016 1:33am
DAX will most likely will finish this week up and green.
  • #25,872
  • Edited 2:12am Sep 23, 2016 1:47am | Edited 2:12am
Quoting stylinex
DAX will most likely will finish this week up and green.
We will know by the end of the day..............

S&P still in its Y Opening Range. Sideways
DOW litlle below Y OR but back inside again
Both have GAPS to close below...
It's better to be out wishing to be in... than to be in wishing to be out!
  • #25,873
  • Edited 2:55am Sep 23, 2016 2:16am | Edited 2:55am
DAX Short @ 660 again but price is zig zaging/decending little channel/Bull Flag

German PMI soon

T1 +11 points (E 55,00)
1 lot to go/SL BE
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!
  • #25,874
  • Edited 2:54am Sep 23, 2016 2:30am | Edited 2:54am
DOW/YM Short for some time already.

GAP to fill below. Same in S&P

DOW T1 +11 points x 2 lot ($110,00)
2 lot to go/SL BE and Trailng
T2 +21 ($105,00)
1 lot to go
+10 points locked in
+20 points locked in
FLAT +20 points last lot ($100,00)

S&P T1 +1 point ($50,00)
1 lot to go/SL BE
1 point locked in
FLAT last lot +1.5 point ($75,00)

S&P broke out below its Y OR

S&P and DOW are on their Y Low now. They wait for the DAX

Attached Image
Attached Image
It's better to be out wishing to be in... than to be in wishing to be out!
  • #25,875
  • Sep 23, 2016 2:47am Sep 23, 2016 2:47am
EU PMI news in 10 minutes

DAX can suddenly POP here!! (or make a drop to 625/610
It's better to be out wishing to be in... than to be in wishing to be out!
  • #25,876
  • Edited 4:17am Sep 23, 2016 3:00am | Edited 4:17am
Quoting Dutchy Daxy
DAX Short @ 660 again but price is zig zaging/decending little channel/Bull Flag German PMI soon T1 +11 points (E 55,00) 1 lot to go/SL BE {image}
SL still on 660.
If price breaks out above the channel I will reverse my trade.
DAX is in the middle of its OR/50%

DAX Opening Range (Fisrst 60 minutes of Cash trading):
10.636/10.667
50% middle 652

No reaction on the PMI news (so far)

Added 1 more lot Short @ 650.
Average entry is 655 now
SL on the upside of that Bull flag channel
T1 +20 points
SL BE last lot @ 655

DAX still on bottom OR

Target down 630/625
Next target 610/605 Single TPO blocks there.

DAX still inside that decending channel/Bull Flag
Can still suddenly POPpppppppp

SL 645 (10 points locked in)

DAX almost touched that Thursday POC line @ 628
No direction in the market.
Just waiting waitng

DAX reached its Y POC. Now see if it wants to go down to cover its Y single TPO blocks.
Waits for US direction.

+20 locked in last lot
FLAT +20 points last lot (E100,00)
It's better to be out wishing to be in... than to be in wishing to be out!
  • #25,877
  • Sep 23, 2016 3:13am Sep 23, 2016 3:13am
Hey Dutchy,

What are your Stop Loss rule for DAX? After getting stopped, will you then go back in ride the trend in the opposite direction?
  • #25,878
  • Sep 23, 2016 3:29am Sep 23, 2016 3:29am
Quoting dontknowwhy
Hey Dutchy, What are your Stop Loss rule for DAX? After getting stopped, will you then go back in ride the trend in the opposite direction?
That's the golden question.
No golden rule, except taking not to much risk.

Depends on the market .
But I have a "golden" MA line (SL MA line) and when the price is crossing that MA line to much I'm out.

On my chart Trader strategy I have pre set a SL of 25 points for the DAX.
I wil not take more loss then that.
Don't want to get trapped in a "Death Trade"

Your 2nd Q:
Taking a new trade after being stopped out depends on the set up/positions of my MA lines/MP level etc.
No simple answer for that
It's better to be out wishing to be in... than to be in wishing to be out!
  • #25,879
  • Sep 23, 2016 5:01am Sep 23, 2016 5:01am
Quoting Dutchy Daxy
.... On my chart Trader strategy I have pre set a SL of 25 points for the DAX. I wil not take more loss then that. Don't want to get trapped in a "Death Trade" ....
Good answer. I know too many people got trapped trading DAX without SL, waiting for the beast to "come back", holding and holding... and adding insult to injury, then it just gaps in the wrong direction next day and allready big loss becomes a really large mofo loss.

As Ed Seykota once said: "If you can’t take a small loss, sooner or later you will take the mother of all losses."
Hope is dangerous in this game.
  • #25,880
  • Sep 23, 2016 5:07am Sep 23, 2016 5:07am
Quoting StrayDog
{quote} Good answer. I know too many people got trapped trading DAX without SL, waiting for the beast to "come back", holding and holding... and adding insult to injury, then it just gaps in the wrong direction next day and allready big loss becomes a really large mofo loss. As Ed Seykota once said: "If you cant take a small loss, sooner or later you will take the mother of all losses."
It's better to be out wishing to be in... than to be in wishing to be out!
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