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Carpe diem: Intraday tactics for Dax and Dow

  • #26,301
  • Sep 30, 2016 3:50am Sep 30, 2016 3:50am
Hi Dutchy, I was wondering what broker you are using? Cause you usually scalp about ~10 points. After factoring in commission and spread I usually need >4 points to even breakeven
  • #26,302
  • Sep 30, 2016 3:53am Sep 30, 2016 3:53am
I hate when I come late to the party.

DAX 240m CFD chart.
Pay attention to to fibo 38,2 retrace from Brexit low to swing high... I also have some 10,185 level from last year.

Attached Image (click to enlarge)
Click to Enlarge Name: DAX-240-fibo-09-30.PNG Size: 171 KB


Who knows... maybe we revisit daily low.
Hope is dangerous in this game.
  • #26,303
  • Sep 30, 2016 3:56am Sep 30, 2016 3:56am
As usual: second Hour after Cash open is a rubbish Hour. Chop time
It's better to be out wishing to be in... than to be in wishing to be out!
  • #26,304
  • Sep 30, 2016 3:59am Sep 30, 2016 3:59am
Not to mention that on the same 240m chart you can draw a bull flag, and if you use MACD, RSI and similar, you can find bull dvg at the bottom

Attached Image (click to enlarge)
Click to Enlarge Name: DAX-bull-flag.PNG Size: 82 KB
Hope is dangerous in this game.
  • #26,305
  • Sep 30, 2016 4:01am Sep 30, 2016 4:01am
Quoting dontknowwhy
Hi Dutchy, I was wondering what broker you are using? Cause you usually scalp about ~10 points. After factoring in commission and spread I usually need >4 points to even breakeven
I use Ninja Brokerage (Futures) (I have no financial connections with Ninja expect as being my Broker)
They deliver the platform and data (feed) as well

1 lot turn round costs +/- @ $4,00
That's why I try to grap +11 points first lot.
10 point for me and 1 point broker costs. (Mini DAX E 5,00 a point)
It's better to be out wishing to be in... than to be in wishing to be out!
  • #26,306
  • Edited 4:45am Sep 30, 2016 4:06am | Edited 4:45am
S&P up target 2147.50/2148.50. POC's of 2 last days
Down target 2139 Last Week POC

CDF price S&P +/- 6 points higher then Futures
CDF price DAX +/- 10 points higher then Futures
It's better to be out wishing to be in... than to be in wishing to be out!
  • #26,307
  • Sep 30, 2016 4:12am Sep 30, 2016 4:12am
DAX Long 275 1 lot
above the IB/OR

They wait for US move/open now.
Jumping around
It's better to be out wishing to be in... than to be in wishing to be out!
  • #26,308
  • Sep 30, 2016 4:13am Sep 30, 2016 4:13am
Quoting dontknowwhy
Hi Dutchy, I was wondering what broker you are using? Cause you usually scalp about ~10 points. After factoring in commission and spread I usually need >4 points to even breakeven
Say what? Man, you need to change that shitty broker as soon as possible.

I use Interactive Brokers, commssions are this:
Mini DAX - EUR 5 per pont - EUR 0.80 (yeah, not typo, 80 euro cents)
Standard or Big DAX - EUR 25 per point - EUR 2

E-mini SnP, or /ES is $2.02, and the same price is for /NQ futures.

Do not expect anything special from their platform, though. Charts are bad, but for execution it is No. 1 broker at my opinion.
At many many places I have seen people do their charting elsewere, but execute trades via I.B.
Hope is dangerous in this game.
  • #26,309
  • Sep 30, 2016 4:15am Sep 30, 2016 4:15am
Still sellers it seems here at 280. Longs have to be careful.
  • #26,310
  • Sep 30, 2016 4:22am Sep 30, 2016 4:22am
Quoting StrayDog
{quote} Say what? Man, you need to change that shitty broker as soon as possible. I use Interactive Brokers, commssions are this: Mini DAX - EUR 5 per pont - EUR 0.80 (yeah, not typo, 80 euro cents) Standard or Big DAX - EUR 25 per point - EUR 2 E-mini SnP, or /ES is $2.02, and the same price is for /NQ futures. Do not expect anything special from their platform, though. Charts are bad, but for execution it is No. 1 broker at my opinion. At many many places I have seen people do their charting elsewere, but execute trades via I.B.
Nija is little cheaper then I posted
Approx $2,00 US contracts and $3,00 EUREX contracts.
Lot of competition. They changed prices down
It's better to be out wishing to be in... than to be in wishing to be out!
  • #26,311
  • Sep 30, 2016 4:24am Sep 30, 2016 4:24am
Quoting Dutchy Daxy
DAX Long 275 1 lot above the IB/OR They wait for US move/open now. Jumping around
FLAT -12 points 1 lot.

Gone take a break.
Waits for US now
It's better to be out wishing to be in... than to be in wishing to be out!
  • #26,312
  • Edited 5:07am Sep 30, 2016 4:45am | Edited 5:07am
Quoting dontknowwhy
Hi Dutchy, I was wondering what broker you are using? Cause you usually scalp about ~10 points. After factoring in commission and spread I usually need >4 points to even breakeven
And if 5€ per point are still too much, JFD Brokers is pretty good. Spread is 1 point and commission is 2€ per lot. So basically 3€ total costs per lot (1 point = 10€)
You can trade there even from 0,10€ per point (3 cent total costs ).
"Men Who Can Both Be Right & Sit Tight Are Uncommon" ~ Jesse Livermore
  • #26,313
  • Edited 4:59am Sep 30, 2016 4:45am | Edited 4:59am
Quoting Dutchy Daxy
S&P up target 2147.50/2148.50. POC's of 2 last days Down target 2139 Last Week POC CDF price S&P +/- 6 points higher then Futures CDF price DAX +/- 10 points higher then Futures
Almost on Y POC @ 4850
T1 +1 point
1 to go
FLAT +1 point last lot
($100,00)

DAX broke out its OR/IB above 267. Missed it.
Attached Image
It's better to be out wishing to be in... than to be in wishing to be out!
  • #26,314
  • Sep 30, 2016 5:18am Sep 30, 2016 5:18am
low today was 61 fib off extension, been waiting for months for this entry, target 11070, so will hold, up 80 but stop still on emtry we will see, risk 10 points, reward 900
  • #26,315
  • Sep 30, 2016 5:19am Sep 30, 2016 5:19am
EU Goverment wants to punnish Google with a multi billion fine
US wants to punnish Deutsche Bank now with a multi billion fine

Can't they make a deal and forget everything?

Aaaaaaaaaaah! Someone needs to pay to feed the mistakes made by the EU to take in refugees and migrants from war torn countries. After all, why should the EU and US get involved with a internal war torn country. 'Imagine' is the right answer. But there again, no conflicks no money.
  • #26,316
  • Sep 30, 2016 5:20am Sep 30, 2016 5:20am
Quoting StrayDog
I hate when I come late to the party. DAX 240m CFD chart. Pay attention to to fibo 38,2 retrace from Brexit low to swing high... I also have some 10,185 level from last year. {image} Who knows... maybe we revisit daily low.
dax is in extension but your draw comes to same conclusion it seems
  • #26,317
  • Sep 30, 2016 5:23am Sep 30, 2016 5:23am
Quoting StrayDog
I hate when I come late to the party. DAX 240m CFD chart. Pay attention to to fibo 38,2 retrace from Brexit low to swing high... I also have some 10,185 level from last year. {image} Who knows... maybe we revisit daily low.
according to your draw what is the target?
  • #26,318
  • Sep 30, 2016 5:26am Sep 30, 2016 5:26am
Quoting dontknowwhy
Hi Dutchy, I was wondering what broker you are using? Cause you usually scalp about ~10 points. After factoring in commission and spread I usually need >4 points to even breakeven
Addon:

I also trade DAX via CFD's, when I would like to keep position small, or partially close, so I will use 5 cfds instead of one Mini Dax.

Here are comms for cfds, quick skalp (which I probably should left running...)
Attached Image (click to enlarge)
Click to Enlarge Name: DAX-CFD-comms.PNG Size: 8 KB


So,
1 dax cfd - EUR 1
2 dax cfd - EUR 1.02 / 1.03
3 dax cfd - EUR 1.54
5 dax cfd - EUR 2.56 ---> obviosuly cheaper to trade mini futures, for EUR 0.80
Hope is dangerous in this game.
  • #26,319
  • Sep 30, 2016 5:39am Sep 30, 2016 5:39am
Quoting wbemsms
{quote} according to your draw what is the target?
To be honest with you I would grab 80-100 points into the 250-280 zone, since sentiment on DAX is still very bad, and then rethink. They could just make a double bottom today, who knows? In case I feel brave I would leave one part with stop 30-50 points in positive teritory and wait for that part if the mofo could rise to 330 and 380. That is when you draw fibo for this current downswing. Also 10,380 level from before (All CFD levels, futures prices are 10 pts above)
Hope is dangerous in this game.
  • #26,320
  • Sep 30, 2016 5:51am Sep 30, 2016 5:51am
Could it be...

Attached Image (click to enlarge)
Click to Enlarge Name: DAX-15-HS-09-30.PNG Size: 100 KB


If I had seen any pattern that works only in books, it is this one

Attached Image
Hope is dangerous in this game.
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