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Carpe diem: Intraday tactics for Dax and Dow

  • #26,321
  • Edited 6:28am Sep 30, 2016 5:56am | Edited 6:28am
DAX Long @ 10.277
T1 +11 points
T2 +16 points
1 to go
FLAT BE last lot

S&P Long @ 2146.50
T1 +1 point
1 to go
FLAT BE last lot

DOW Long @ 18.070
T1 +11
T2 +21
1 lot to go
FLAT BE last lot


S&P on its last 2 days POC's @ 2147/48 zone
If S&P recovers, possible up target few Y singles left @ 2155

DOW on it Y POC as well.
Y Singles above to cover
DOW Weekly POC @ 18.112

Attached Image
Attached Images
It's better to be out wishing to be in... than to be in wishing to be out!
  • #26,322
  • Sep 30, 2016 6:05am Sep 30, 2016 6:05am
Quoting StrayDog
Could it be... {image} If I had seen any pattern that works only in books, it is this one {image}
haha that is a good one I will remember that in my trainings
  • #26,323
  • Sep 30, 2016 6:08am Sep 30, 2016 6:08am
Quoting StrayDog
Could it be... {image} If I had seen any pattern that works only in books, it is this one {image}
LOL. Could be.
It's better to be out wishing to be in... than to be in wishing to be out!
  • #26,324
  • Sep 30, 2016 6:17am Sep 30, 2016 6:17am
Quoting StrayDog
{quote} 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)
thanks for the advice but I decided to sit this one out, could regret it after all, we will see
to me news is noise and all the talk about rate hike, election, DB, Syria, ... is just to manipulate the weak hands so big boys can get it cheaper for the next up phase which is to me about to start (climbing a wall of worry?)
  • #26,325
  • Sep 30, 2016 6:30am Sep 30, 2016 6:30am
Thanks guys. I am not entirely sure if yours or mine is cheaper due to the different convention. ( I am trading CFDs, and there is no defined amount per contract. I understand that is the convention in Europe. But I'm trading from Asia)

I trade really small lots.

I.e. Dax is at 10280 euros. And my 1 lot is = 25 contracts.

I usually take 0.05 lots so it's 1.25 worth of a DAX contract which is worth = 10280*1.25 = 12850 euros

12850 * 0.00015 (my commission is 0.015% per trade, not including swaps yet) = 1.93 euros


By 1 point I assume you guys mean 10280 - 10279 = 1 point. By trading 0.05 lots, I get about 1.19 euros per point.

Finally, with a spread of 1.5 points (i.e. BID 10280 ASK 10281.50), I need about 3 points before breaking even (not 4 as mentioned earlier)

1.19 * 1.5 = 1.785 euros (spread to overcome before breaking even)
1.93 euros (commission to overcome before breaking even)

1.93 + 1.785 = 3.715 euros.

Since 1.19 euros / point, I need 3.715/1.19 = 3.12 points to break even.

Hope it's not too complicated. But it's definitely a terrible deal right?
  • #26,326
  • Sep 30, 2016 6:55am Sep 30, 2016 6:55am
Most brokers offer max 2 point spread and no commision. So anything above this is a bad deal.
  • #26,327
  • Sep 30, 2016 7:20am Sep 30, 2016 7:20am
Quoting rk00
Most brokers offer max 2 point spread and no commision. So anything above this is a bad deal.
My broker offers 0.8 points spread and no commission.
  • #26,328
  • Sep 30, 2016 7:22am Sep 30, 2016 7:22am
I've returned after a considerable period of absence idly wondering if anybody's discussing Deutsche Bank in here?

It seems everybody who's anybody left aeons ago. D1 in particular?

Is anybody still here making money?
  • #26,329
  • Edited 8:04am Sep 30, 2016 7:26am | Edited 8:04am
DAX Long @ 10.311
T1 +11
1 to go
Locked in +31 points
FLAT +41 points last lot

S&P L @ 2147.50
T1 +1.5
1 to go
Locked in +3 points
FLAT +3 points last lot

DOW Long @ 18.082
T1 +11 x 2 lot
1 to go
Locked in +21 points

Need to fill the Y GAP

S&P needs to break through that 2148

DAX now on Last week POC @ 346/stopped there and waits for US to continue its up move
Attached Images
It's better to be out wishing to be in... than to be in wishing to be out!
  • #26,330
  • Sep 30, 2016 7:36am Sep 30, 2016 7:36am
Up 150 points now
Tempting to close it
  • #26,331
  • Sep 30, 2016 7:41am Sep 30, 2016 7:41am
Quoting wbemsms
Up 150 points now Tempting to close it
170 now?
  • #26,332
  • Sep 30, 2016 7:44am Sep 30, 2016 7:44am
Quoting StrayDog
Could it be... {image} If I had seen any pattern that works only in books, it is this one {image}
Good observation!

I missed it. Writing to many posts here
It's better to be out wishing to be in... than to be in wishing to be out!
  • #26,333
  • Sep 30, 2016 7:46am Sep 30, 2016 7:46am
Quoting Dutchy Daxy
{quote} Good observation! I missed it. Writing to many posts here
hey and me up 170 points, or is it because I am Belgian lol
  • #26,334
  • Sep 30, 2016 7:47am Sep 30, 2016 7:47am
I am done and out. enjoy the weekend.
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We err, and err, and err again, but less.
  • #26,335
  • Sep 30, 2016 7:49am Sep 30, 2016 7:49am
Quoting Dutchy Daxy
{quote} Good observation! I missed it. Writing to many posts here
Miracles do happen sometimes :nerd:.
Hope is dangerous in this game.
  • #26,336
  • Sep 30, 2016 7:52am Sep 30, 2016 7:52am
US markets are right on their Y close. So no Professional GAPS here.
Maybe a pull back and hopefully up to cover the Y left single TPO blocks.

No predictions. Just an observation!!!
It's better to be out wishing to be in... than to be in wishing to be out!
  • #26,337
  • Edited 8:17am Sep 30, 2016 8:01am | Edited 8:17am
DAX and EURO STOXX waiting on their last Week POC to see what US will do.
Dive first to close the Y GAPS or run up directly to cover the Y singles.

DAX/EURO STOXX moves up ahead of the US open try to reach the Y close @ 388 (DAX)
It's better to be out wishing to be in... than to be in wishing to be out!
  • #26,338
  • Sep 30, 2016 8:25am Sep 30, 2016 8:25am
US markets in the middle between Y close and upper to cover Y TPO singles.
What will be covered first?

Stil long DOW 1 lot
+50 locked in

FLAT +110 points last lot

Y TPO singles covered and higher
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It's better to be out wishing to be in... than to be in wishing to be out!
  • #26,339
  • Sep 30, 2016 8:36am Sep 30, 2016 8:36am
DAX has some more Y single TPO blocks above @ 450 zone.
Maybe today or next week to cover/fill up the pocket.

Also now a few new fresh singles of today down in the 325 zone

Great recovery so far
Attached Image
It's better to be out wishing to be in... than to be in wishing to be out!
  • #26,340
  • Sep 30, 2016 8:55am Sep 30, 2016 8:55am
NOW S&P and DOW move down to close the Y GAPS
It's better to be out wishing to be in... than to be in wishing to be out!
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