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Carpe diem: Intraday tactics for Dax and Dow

  • #26,661
  • Oct 10, 2016 6:15am Oct 10, 2016 6:15am
Deutsche Bank passed it's stress test:
Attached Image (click to enlarge)
Click to Enlarge Name: DAX.PNG Size: 58 KB
  • #26,662
  • Edited 6:36am Oct 10, 2016 6:20am | Edited 6:36am
DAX Short @ 595. Tight SL. (600) Counter trade.
T1 +11 points.
SL BE
FLAT BE last lot
Maybe I re enter Short again. Have to wait for US up move to finnish.

Still up pressure

Single TPO blocks down @550 zone from today up move.
Price very far away of my MA lines. Kind of Overbought.

Needs to cross its Weekly POC @ 580 zone first. Support now

French CAC40 bounced of its last Week POC @4492 as well and turned (so far)
It's better to be out wishing to be in... than to be in wishing to be out!
  • #26,663
  • Oct 10, 2016 6:30am Oct 10, 2016 6:30am
Short 10595
  • #26,664
  • Edited 6:48am Oct 10, 2016 6:37am | Edited 6:48am
DOW closed a GAP of Sept 22 @ 18.300
DOW cold go up to 350 to fill a pocket of September TPO's on Monthly chart

S&P could test the MONTHLY POC of August @ 2165/2168 zone

S&P CDF price +/- 7 ponts higher then Futures price
DAX CDF price +/- 10 points higher then Futures price
It's better to be out wishing to be in... than to be in wishing to be out!
  • #26,665
  • Oct 10, 2016 6:51am Oct 10, 2016 6:51am
DAX (and S&P) on the upsdie of a declining channel
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!
  • #26,666
  • Edited 7:17am Oct 10, 2016 6:59am | Edited 7:17am
S&P tested last Week High @ 2164

Heavy support of Oil. Up to $51.00 +
Russia excepts lower oil production.
It's better to be out wishing to be in... than to be in wishing to be out!
  • #26,667
  • Oct 10, 2016 7:16am Oct 10, 2016 7:16am
No Sellers.

Last week they have been buying. See all pullbacks are meaningless. This means that NOBODY is selling at all.
Also probably stops above 650 and 700.
Even if volume is low, that simply means that the bears don't give a shit. Sometimes they will step in and push market down, but few hours later or a day later market is higher again on low volume. Simple, NO SELLERS and pullbacks should actually be bought.
  • #26,668
  • Oct 10, 2016 7:22am Oct 10, 2016 7:22am
And one more thing to note.
Last week, Dax has done 4 days to get from current level down to 10450.
So 4 days it took to get 160 points down, and just one day to erase it all. Go figure.
And don't think that markets are closed. Big traders are still dealing. Yeh, maybe the individual traders are on holiday, but GS, JPM DB and other big ones have also desks around the globe. So no, markets are never closed.
  • #26,669
  • Edited 8:01am Oct 10, 2016 7:24am | Edited 8:01am
All 3 markets Short /Counter scalp

DAX @ 10.607
FLAT -5 points 1 lot

S&P @ 2162.50
T1 +1 point
1 to go
FLAT BE last lot

DOW @ 18.300
FLAT -3 points 2 lots

Still to strong. No sellers yet to push it down to its 50% middle IB
Germany is happy with the DB stress test outcome.
US markets remain inside IB, but DAX keeps climbing.
638 last Thursday and Tuesday Higs.

IB's first 60 Minutes US Cash markets are set.
It's better to be out wishing to be in... than to be in wishing to be out!
  • #26,670
  • Oct 10, 2016 8:02am Oct 10, 2016 8:02am
I think it is looking likely that helicopter money is going to come into play and the market may be starting to price some of this in...!!

What are peoples thoughts on the fundamentals atm ?

Cat
Que Sera
  • #26,671
  • Oct 10, 2016 8:14am Oct 10, 2016 8:14am
Quoting Dutchy Daxy
All 3 markets Short /Counter scalp DAX @ 10.607 FLAT -5 points 1 lot S&P @ 2162.50 T1 +1 point 1 to go FLAT BE last lot DOW @ 18.300 FLAT -3 points 2 lots Still to strong. No sellers yet to push it down to its 50% middle IB Germany is happy with the DB stress test outcome. US markets remain inside IB, but DAX keeps climbing. 638 last Thursday and Tuesday Higs. IB's first 60 Minutes US Cash markets are set.


There will be no sellers. Just some rest of the buyers.
But once a bullcandle is shown, that's when the buying frenzy will continue. This is market efficiency it seems. Just buy buy buy without any corrections. Lol. Buy high, sell higher.
  • #26,672
  • Oct 10, 2016 8:32am Oct 10, 2016 8:32am
Quoting attilafx
{quote} There will be no sellers. Just some rest of the buyers. But once a bullcandle is shown, that's when the buying frenzy will continue. This is market efficiency it seems. Just buy buy buy without any corrections. Lol. Buy high, sell higher.
Its sat on a pretty hefty resistance point atm...
Que Sera
  • #26,673
  • Oct 10, 2016 8:35am Oct 10, 2016 8:35am
This might be also last push before a break down, dax loves stuff like this, similar to 7.06.2016.
  • #26,674
  • Oct 10, 2016 8:42am Oct 10, 2016 8:42am
Scalps down. EUREX closed.
US often waits till EUREX close to keep the market High or Low. and then make a move.

DAX Short
DAX doesn't want to go down. Not even a little.
T1 +6 points x 4 lot.
1 lot to go.
CAC40 Short

DOW short
T1 +11 points x 2 lot
Flat +10 points last lot. Remains on its 50% extension IB

S&P Short
T1 +1 point x 2 lot
Flat +2 points last lot
Attached Image (click to enlarge)
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Attached Images
It's better to be out wishing to be in... than to be in wishing to be out!
  • #26,675
  • Oct 10, 2016 8:56am Oct 10, 2016 8:56am
Up move possible combination of higher Oil/Stress test DB bank /Presidential debat.
It's better to be out wishing to be in... than to be in wishing to be out!
  • #26,676
  • Oct 10, 2016 9:12am Oct 10, 2016 9:12am
Please does anyone have an idea how to calculate the Estimated/Projected/Predicted Next Days High and Low from market data.

I know some traders use some tools in estimating the Next Days High and Low.

This would come in very handy in trading the DAX
  • #26,677
  • Edited 11:37pm Oct 10, 2016 11:01pm | Edited 11:37pm
DAX Short Overnight.
Back to its Weekly POC @ 582

DAX has a few TPO singles to cover down to 550.
See if there are sellers to push it down that level. (10 points singles only)

EUROSTOXX and S&P pulled back as well to their Weekly POC @ 2153.50 S&P
Attached Image
It's better to be out wishing to be in... than to be in wishing to be out!
  • #26,678
  • Oct 11, 2016 12:00am Oct 11, 2016 12:00am
US markets are between 2 closes (again).
Fridays and Mondays close.

S&P 2146.50 & 2159.00
DOW 18.153 & 18.258

Usually there is an other pop after a pull back (last night) , following on the Yesterday rally.
US markets have to decide which close will be reached first.
It's better to be out wishing to be in... than to be in wishing to be out!
  • #26,679
  • Oct 11, 2016 12:03am Oct 11, 2016 12:03am
DAX maybe tries to reach Y close @ 622

Still support of the Weekly POC @ 581

Y Valu Area High (Y VAH) @ 569
It's better to be out wishing to be in... than to be in wishing to be out!
  • #26,680
  • Oct 11, 2016 12:13am Oct 11, 2016 12:13am
DAX Long
T1 +11

Flat last lot -10 BE trade

Lines are gathered on this scalp chart. No direction yet
Attached Image
It's better to be out wishing to be in... than to be in wishing to be out!
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