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Carpe diem: Intraday tactics for Dax and Dow

  • #26,061
  • Sep 28, 2016 1:40am Sep 28, 2016 1:40am
lol bloody brilliant. Seems to me that less is more
  • #26,062
  • Sep 28, 2016 1:43am Sep 28, 2016 1:43am
Quoting dontknowwhy
lol bloody brilliant. Seems to me that less is more
You got it.

KISS theory: Keep It Super Simple

Ok Tnx Derek
It's better to be out wishing to be in... than to be in wishing to be out!
  • #26,063
  • Sep 28, 2016 1:48am Sep 28, 2016 1:48am
Quoting Dutchy Daxy
{quote} You got it. KISS theory: Keep It Simple S (forgot the last one) Stupid?
Keep It Super Simple
  • #26,064
  • Edited 2:59am Sep 28, 2016 2:11am | Edited 2:59am
Short scalp @ 478
Maybe to 50% inside OR or IB @ 440/435 zone

T1 +11 points
1 lot to go. SL BE and Trailing

FLAT +25 points last lot

(4)50 is a hesitation point most of the times/support in this case

There is the 50% of the OR/IB of today.
Attached Image (click to enlarge)
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Attached Image
It's better to be out wishing to be in... than to be in wishing to be out!
  • #26,065
  • Sep 28, 2016 2:23am Sep 28, 2016 2:23am
What happened to the US markets. It's not even regular trading hours
  • #26,066
  • Sep 28, 2016 2:28am Sep 28, 2016 2:28am
Quoting dontknowwhy
What happened to the US markets. It's not even regular trading hours
DAX still has some Yesterday single TPO blocks to cover @ 360 zone. (see my TPO chart)
Maybe DAX is heading for these singles and the US markets follow the DAX.
US markets went back to the top of their Y OR.
It's better to be out wishing to be in... than to be in wishing to be out!
  • #26,067
  • Sep 28, 2016 3:00am Sep 28, 2016 3:00am
Quoting Dutchy Daxy
Short scalp @ 478 Maybe to 50% inside OR or IB @ 440/435 zone T1 +11 points 1 lot to go. SL BE and Trailing FLAT +25 points last lot (4)50 is a hesitation point most of the times/support in this case There is the 50% of the OR/IB of today. {image} {image}
Some people asked me why I took the counter short....@ 478

A: Lower Highs DAX (see chart)
and US markets were out of steam and moved down (posted earlier)
B: crossing of that brown dashed line on my line chart
C; price moved back into the OR/IB
D: when it does, its heading most of the times back to the 50% inside the OR/IB
E: Y single TPO blocks to cover below @ 360 zone (see TPO chart) Single blocks work as magnets

Enough reasons to scalp short, tough the bias is Long
It's better to be out wishing to be in... than to be in wishing to be out!
  • #26,068
  • Sep 28, 2016 3:01am Sep 28, 2016 3:01am
Quoting Dutchy Daxy
My Medium charts to watch the price related to my MA lines/envelopes I don't need any other indicators then a good set of MA lines (All T3 lines, which are less responsice then SMA/EMA MA lines) Besides that the TPO charts which tell me all the levels I need in a compressed way. {image}
Hi Dutchy is this the chart for cash market?

And there are all T3 MA lines? What are the shaded regions?
  • #26,069
  • Sep 28, 2016 3:10am Sep 28, 2016 3:10am
Quoting dontknowwhy
{quote} Hi Dutchy is this the chart for cash market? And there are all T3 MA lines? What are the shaded regions?
These line charts have T3 lines only and are 24/7.

On DAX chart the Yellow shaded box is the first 3 minute of the cash Opening Range. (Opening Drive)
You can see todays and on the left the Yesterday 3 minute OR.

I think the red and green clouds or envelopes speak for itself.

On the ES chart you see the Yesterday OR in white dashed lines H/L of the first 60 minutes
The first 60 minutes of the OR are also filled with grey color. After 60 minutes white dashed lines continue only. No grey filling anymore.
It's better to be out wishing to be in... than to be in wishing to be out!
  • #26,070
  • Sep 28, 2016 3:19am Sep 28, 2016 3:19am
Short Dax,stop 12,1/2 closed +20
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  • #26,071
  • Sep 28, 2016 3:24am Sep 28, 2016 3:24am
Quoting Dutchy Daxy
{quote} Some people asked me why I took the counter short....@ 478 A: Lower Highs DAX (see chart) and US markets were out of steam and moved down (posted earlier) B: crossing of that brown dashed line on my line chart C; price moved back into the OR/IB D: when it does, its heading most of the times back to the 50% inside the OR/IB E: Y single TPO blocks to cover below @ 360 zone (see TPO chart) Single blocks work as magnets Enough reasons to scalp short, tough the bias is Long
And technically, it hit the channel top (perfectly), and turned back and then broke under Support (yellow dashed line)....
Attached Image (click to enlarge)
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  • #26,072
  • Sep 28, 2016 3:28am Sep 28, 2016 3:28am
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  • #26,073
  • Sep 28, 2016 3:38am Sep 28, 2016 3:38am
Quoting derekw
{image}
Great news.
  • #26,074
  • Sep 28, 2016 3:47am Sep 28, 2016 3:47am
Quoting attilafx
{quote} Great news.
Yesterday Merkel opposed to this plan.
So could be a rumor, but if this bank colapses, Germany colapses.
So............. what do you think.. who is gone pay this bill again?
It's better to be out wishing to be in... than to be in wishing to be out!
  • #26,075
  • Sep 28, 2016 3:48am Sep 28, 2016 3:48am
Oh Boy. Flip Flop.
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  • #26,076
  • Sep 28, 2016 3:48am Sep 28, 2016 3:48am
Quoting Dutchy Daxy
{quote} These line charts have T3 lines only and are 24/7. On DAX chart the Yellow shaded box is the first 3 minute of the cash Opening Range. (Opening Drive) You can see todays and on the left the Yesterday 3 minute OR. I think the red and green clouds or envelopes speak for itself. On the ES chart you see the Yesterday OR in white dashed lines H/L of the first 60 minutes The first 60 minutes of the OR are also filled with grey color. After 60 minutes white dashed lines continue only. No grey filling anymore.
Haha I honestly have no idea what the red/green clouds are. But thanks for the great explanation anyway!
  • #26,077
  • Edited 4:10am Sep 28, 2016 3:54am | Edited 4:10am
Quoting dontknowwhy
{quote} Haha I honestly have no idea what the red/green clouds are. But thanks for the great explanation anyway!
When 2 MA (T3) lines cross each orher, they create on my chart a green or red cloud or envalope.
Just to remind this old man (me) that I should take Longs (in case of a green cloud) and Shorts (in case of a red cloud).

One not to forget detail:
When the price moves (back) inside that colored cloud, price usually is acting/behaving choppy. Looking/waiting for new buyers to lift the price up again.
When price breaks out the colored cloud (above it), there is often directional force in the market.

In case of a green cloud (bullish) the price could pull back in the green cloud and then has to decide wheater it breaks out upwards again or drops below the green cloud, which down break out below the cloud is often unexpected.
So when I'm in a Long trade and the price drops below the green cloud, I will be out/close the Long trade.
Now you know how i handle my Stoploss.

When I am in a long trade (green cloud) and the price is still above/outside the green cloud, but price reaches an important MP level, I will be out too or tighten my Sl anyway.

With a red cloud vise versa.

Very simple. KISS strategy!
It's better to be out wishing to be in... than to be in wishing to be out!
  • #26,078
  • Sep 28, 2016 4:08am Sep 28, 2016 4:08am
After yesterday's broad "Hillary rally" gains in the US, overnight's session has seen more risk-on sentiment as European stocks advanced, ignoring some weakness in Asia and especially Japan (Nikkei was down 1.3%) as investors followed every twist of shares of beleaguered lender Deutsche Bank, whose CEO last night assured Bill readers that the bank is not seeking a bailout, which however was contradicted by a Zeit article this morning reporting that Germany may seek as much as s 25% "bailout" stake in a worst case scenario. This report, too, was promptly denied by the German finance ministry, however not before pushing US equity futures back into the red

Can't be too many contradictions to go before the bailout actually does happen...
  • #26,079
  • Sep 28, 2016 4:14am Sep 28, 2016 4:14am
Quoting derekw
After yesterday's broad "Hillary rally" gains in the US, overnight's session has seen more risk-on sentiment as European stocks advanced, ignoring some weakness in Asia and especially Japan (Nikkei was down 1.3%) as investors followed every twist of shares of beleaguered lender Deutsche Bank, whose CEO last night assured Bill readers that the bank is not seeking a bailout, which however was contradicted by a Zeit article this morning reporting that Germany may seek as much as s 25% "bailout" stake in a worst case scenario. This report, too, was...
Be happy

These (contradicting) messages make the market move.
Otherwise you would fell
It's better to be out wishing to be in... than to be in wishing to be out!
  • #26,080
  • Edited 4:47am Sep 28, 2016 4:34am | Edited 4:47am
DAX still in the OR (100 points today)
Could break out to the upside...........

T1 +11 points
1 lot to go
FLAT +10 points last lot (E 105,00)

No break out. Still in the OR below 482

US markets popped to their Y Highs again but hesitate.
Attached Image
It's better to be out wishing to be in... than to be in wishing to be out!
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