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Carpe diem: Intraday tactics for Dax and Dow

  • #26,781
  • Edited 6:29am Oct 12, 2016 5:33am | Edited 6:29am
Quoting StrayDog
{quote} Hey Dutchy, I see that some /ES traders also posts that information about Opening Range, I think the first 5 minutes from the NYSE Open. "Opening Range: The price range established during the first few minutes of trading. To keep it simple, you can use the first 5-minute bar to define the Opening Range." But I don't know how to use that information, what exactly is it telling me? I get the Initial Balance, VAL, VAH, POC etc... but this Opening Range... if you have time to explain that in a sentence or two.
The 3 or 5 Min. Opening Range is the first guide or marker where we start with the Cash market.
For exmple today the DAX remains in it's first 3 Min. OR.
When there is more volatility in the market you can see easy if the price goes above or below the OR.

The 60 Minute cash IB (Initial Balance) gives a good clue if the market want to break out that IB range or not.
When the market is sideways I take long scalps above the middle (50%) of the IB and Shorts below the 50% of the IB.

Today the DAX hardly comes out of its OR and definitly not out of its IB so far.
So nothing to do here and waiting for the US to move (or not)

Waiting for Meeting Minutes FOMC
It's better to be out wishing to be in... than to be in wishing to be out!
  • #26,782
  • Oct 12, 2016 7:01am Oct 12, 2016 7:01am
TP on the shorts. Waiting for FOMC unless there is a break out...
Attached Image (click to enlarge)
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  • #26,783
  • Edited 7:38am Oct 12, 2016 7:10am | Edited 7:38am
DAX short @ 548
T1 +11 points 1 lot
T2 +16 points 1 lot
+31 locked in last lot
FLAT +31 points

Target 515 or lower to 480 Monday N POC?
Pocket filled on Weekly TPO

DOW Short
T1 +11 points 2 lot
T2 +16 points 1 lot
+11 locked in last lot
+21 locked in last lot
+31 locked in
FLAT +31 points last lot
Target 18.000? Y VAL 17.995

S&P short @ 2131.00
T1 +1 point
Flat +1 point last lot
Attached Images
It's better to be out wishing to be in... than to be in wishing to be out!
  • #26,784
  • Oct 12, 2016 7:26am Oct 12, 2016 7:26am
Went Short SL=BE
Attached Image (click to enlarge)
Click to Enlarge Name: DAX.PNG Size: 39 KB
  • #26,785
  • Oct 12, 2016 7:33am Oct 12, 2016 7:33am
This is one of those times it's worth holding - short !
Que Sera
  • #26,786
  • Oct 12, 2016 7:43am Oct 12, 2016 7:43am
Quoting Catempire
This is one of those times it's worth holding - short !
Sometimes it does. Sometimes not.
Attached Image
It's better to be out wishing to be in... than to be in wishing to be out!
  • #26,787
  • Oct 12, 2016 8:07am Oct 12, 2016 8:07am
Trailin SL M1 Chart
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  • #26,788
  • Oct 12, 2016 8:08am Oct 12, 2016 8:08am
Quoting Dutchy Daxy
{quote} Sometimes it does. Sometimes not. {image}
Funny I use that for a year now and it works like a charm I Adapt my expectations depending on way below 50 around 50 or way above 50
Different markets depending on the value
  • #26,789
  • Oct 12, 2016 8:08am Oct 12, 2016 8:08am
Oil just opened and drops.
T1 +21 points
Last Week Pocket to close @ $50,00 zone
Attached Image
It's better to be out wishing to be in... than to be in wishing to be out!
  • #26,790
  • Oct 12, 2016 8:14am Oct 12, 2016 8:14am
Closed TP = SL

But I think it may run down some more?
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  • #26,791
  • Oct 12, 2016 8:16am Oct 12, 2016 8:16am
Quoting derekw
Closed TP = SL But I think it may run down some more? {image}
Before FOMC? I dont think so.
  • #26,792
  • Oct 12, 2016 8:20am Oct 12, 2016 8:20am
Quoting Mr.Dan
{quote} Before FOMC? I dont think so.
Dropping Oil could drag the markets more down, but FOMC more important now I think
It's better to be out wishing to be in... than to be in wishing to be out!
  • #26,793
  • Oct 12, 2016 8:21am Oct 12, 2016 8:21am
Quoting Dutchy Daxy
Oil just opened and drops. T1 +21 points Last Week Pocket to close @ $50,00 zone {image}
+40 locked in last lot Oil
FLAT +40 last lot
Getting closer to the $50
It's better to be out wishing to be in... than to be in wishing to be out!
  • #26,794
  • Oct 12, 2016 8:25am Oct 12, 2016 8:25am
EU markets on the Sell side.
US markets still undecided
Attached Image (click to enlarge)
Click to Enlarge Name: FDAX 12-16 (15 Min) _ FESX 12-16 (15 Min) _ ES 12-16 (15 Min) _ YM 12-16 (15 Min) 12-10-2016.jpg Size: 68 KB
It's better to be out wishing to be in... than to be in wishing to be out!
  • #26,795
  • Edited 8:48am Oct 12, 2016 8:35am | Edited 8:48am
DOW Short.
T1 +11 points x 2 lot
FLAT +21 last lot
Bounced of the Y VAL and 18K

18.000 could give some support.
Y VAL @ 17995
Attached Image
It's better to be out wishing to be in... than to be in wishing to be out!
  • #26,796
  • Oct 12, 2016 8:41am Oct 12, 2016 8:41am
Short...
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  • #26,797
  • Edited 8:53am Oct 12, 2016 8:41am | Edited 8:53am
DAX Short 1 lot @ 512
Sl BE +2
Sl BE +11
FLAT +11 points

I'm still hoping for 10.480 N POC
DAX waiting for an other US drop
Attached Image
It's better to be out wishing to be in... than to be in wishing to be out!
  • #26,798
  • Oct 12, 2016 8:42am Oct 12, 2016 8:42am
SL = BE
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Click to Enlarge Name: DAX.PNG Size: 36 KB
  • #26,799
  • Oct 12, 2016 8:50am Oct 12, 2016 8:50am
One position was closed at BE
I'm trailing the other tight. I think 500 will be a fight?
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Click to Enlarge Name: DAX.PNG Size: 34 KB
  • #26,800
  • Oct 12, 2016 8:54am Oct 12, 2016 8:54am
Quoting derekw
One position was closed at BE I'm trailing the other tight. I think 500 will be a fight? {image}
Round number always a fight!
It's better to be out wishing to be in... than to be in wishing to be out!
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