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Carpe diem: Intraday tactics for Dax and Dow

  • #26,801
  • Oct 12, 2016 8:57am Oct 12, 2016 8:57am
If FOMC turns out not to bad, US markets have pockets to fill to the upside on the Weekly charts.
S&P up to 2140/2148
DOW up to 18.120/18.170

But don't forget the down GAPs on the Monthly charts in worse case senario
Attached Image (click to enlarge)
Click to Enlarge Name: US Market Up Down targets.JPG Size: 217 KB
It's better to be out wishing to be in... than to be in wishing to be out!
  • #26,802
  • Oct 12, 2016 9:06am Oct 12, 2016 9:06am
position closed SL = TP
  • #26,803
  • Oct 12, 2016 9:06am Oct 12, 2016 9:06am
Quoting Dutchy Daxy
{quote} Round number always a fight!
  • #26,804
  • Oct 12, 2016 9:20am Oct 12, 2016 9:20am
Since PA is a total horse shit, I am thinking about this market...

There is one unspoken rule for the US Markets, and it says that it is absolutely not allowed to fall two days in a row. So, if you saw in some books, that after trend down day you would usually get a follow trough, that is no longer valid.
#sarcasam (or is it?)

Now you just get a higher low and back to the range. Well, glad I didn't get in this bear trap. Still plenty to go to the close, but seriously, we can forget about nice clean moves for multiple days in US Markets, since there is allways something... oil, elections & debates, earnings, Putin, Syria, FOMC, or some other shit.

On the other hand, I as a trader do not need to participate in every chop. No need to be frustrated. Maybe listen to some apropriate music.
Hope is dangerous in this game.
  • #26,805
  • Edited 9:37am Oct 12, 2016 9:27am | Edited 9:37am
US markets LONG

S&P T1 +1.5 point x 2 lot
1 to go

DOW +16 x 2 lot
1 to go

Broke out above its 3 Min. OR

DAX doesn't follow.

US IB set. 1 Hour done.
They just made a fast little pop to make the IB a little wider.
No power to the upside anymore.
Waiting for FOMC Minutes
Attached Images
It's better to be out wishing to be in... than to be in wishing to be out!
  • #26,806
  • Oct 12, 2016 9:42am Oct 12, 2016 9:42am
Quoting StrayDog
Since PA is a total horse shit, I am thinking about this market... There is one unspoken rule for the US Markets, and it says that it is absolutely not allowed to fall two days in a row. So, if you saw in some books, that after trend down day you would usually get a follow trough, that is no longer valid. #sarcasam (or is it?) Now you just get a higher low and back to the range. Well, glad I didn't get in this bear trap. Still plenty to go to the close, but seriously, we can forget about nice clean moves for multiple days in US Markets, since there...
Here's a way to avoid those frustrating spikes. When price goes above the line (MA), Buy. When it goes below it, Sell. Easy
Attached Image (click to enlarge)
Click to Enlarge Name: DAX.PNG Size: 35 KB
  • #26,807
  • Oct 12, 2016 9:49am Oct 12, 2016 9:49am
Quoting derekw
{quote} Here's a way to avoid those frustration spikes. When price goes above the line (MA), buy, When it goes below it Sell. Easy {image}
With a correct set MA line(s) you need no other indicator except Market Profile, but MP/TPO is not an indicator.
MP/TPO only shows S/R + H/L + Volume levels.
Enough and easy.
It's better to be out wishing to be in... than to be in wishing to be out!
  • #26,808
  • Oct 12, 2016 10:01am Oct 12, 2016 10:01am
What set of the MA lines do you use Dutchy ?
  • #26,809
  • Oct 12, 2016 10:34am Oct 12, 2016 10:34am
Quoting Elroy747
What set of the MA lines do you use Dutchy ?
I use T3 MA lines only.
T3 lines are more smoothed. Less responsive on chop then other MA lines.

I use a channel of two T3 MA lines (Fast and Medium setting)
The channel is for Entries and as Stoplosses.
The slow MA line of the channel is my Stoploss. Kind of "safety net"

A much slower T3 MA line used for price crossings only (break outs). Not for trend direction.

There is no such thing as a Trendline. Very subjective.
One trader sees a new trend after 5 green plotted 1 minute candles.
One other trader sees a new trend after 5 green daily candles.
Depends on what time frame you trade.

See the screenshot of my slower chart
FAST MA: Red/Green line is the fast line. When the Fast MA line crosses the Orange MA line it creates a colored channel.
MEDIUM MA: Orange MA line is the slow line of the colored channel.

SLOW MA: Aqua dashed MA line is the slowest T3 MA line. For break outs only.
Attached Image (click to enlarge)
Click to Enlarge Name: FDXM 12-16 (20 Range) 12-10-2016.jpg Size: 351 KB
It's better to be out wishing to be in... than to be in wishing to be out!
  • #26,810
  • Oct 12, 2016 10:59am Oct 12, 2016 10:59am
Quoting Elroy747
What set of the MA lines do you use Dutchy ?
Here's the one I put in the post above. You can change the number of averaged bars in the settings. In my post this setting was 50. If you want it to Alert you to a change set that setting to 1
Attached Image
Attached File(s)
File Type: mq4 NonLagMA_v7.1.mq4   6 KB | 260 downloads
  • #26,811
  • Edited 11:50am Oct 12, 2016 11:23am | Edited 11:50am
US markets LONG

S&P T1 +1.5 point
Flat last lot +2 points

DOW T1 +12 points x 3 lot
1 lot to go

US markets on Top IB. Lets see if they will break out.
Remain in IB so far
Attached Images
It's better to be out wishing to be in... than to be in wishing to be out!
  • #26,812
  • Edited 11:50am Oct 12, 2016 11:38am | Edited 11:50am
DAX Long @ 532
FLAT BE

CAC40 Long @ 4456.90 (CDF)
First lots closed +6 @ 4463 (Dev Weekly POC)
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: 72 KB
Attached Image
It's better to be out wishing to be in... than to be in wishing to be out!
  • #26,813
  • Oct 12, 2016 12:15pm Oct 12, 2016 12:15pm
GER30dec16 small long

SL / TP on chart.
(risk $100)

blue lines are session ends.
green for trend long
red for trend short
Attached Image (click to enlarge)
Click to Enlarge Name: download (4).png Size: 128 KB
  • #26,814
  • Oct 12, 2016 12:20pm Oct 12, 2016 12:20pm
Quoting openyoureyes
GER30dec16 small long SL / TP on chart. (risk $100) blue lines are session ends. green for trend long red for trend short {image}
Nice Chart - Agree. I'm looking for a long.

Just think we may go down to about 530 first?
  • #26,815
  • Oct 12, 2016 12:26pm Oct 12, 2016 12:26pm
Quoting Dutchy Daxy
There is no such thing as a Trendline. Very subjective. One trader sees a new trend after 5 green plotted 1 minute candles. One other trader sees a new trend after 5 green daily candles.
Careful.
Saying that is HERESY!
The HATERS will form a lynch mob.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #26,816
  • Oct 12, 2016 12:26pm Oct 12, 2016 12:26pm
maybe even 450 area. (most visited price area in some last sessions)

(I wouldn't risk much before news)

I risk $100 on an explosive move -R:R is good-

only lines I watch are option expiry levels...
  • #26,817
  • Oct 12, 2016 12:27pm Oct 12, 2016 12:27pm
Quoting StrayDog
Since PA is a total horse shit, I am thinking about this market... There is one unspoken rule for the US Markets, and it says that it is absolutely not allowed to fall two days in a row. So, if you saw in some books, that after trend down day you would usually get a follow trough, that is no longer valid. #sarcasam (or is it?) Now you just get a higher low and back to the range. Well, glad I didn't get in this bear trap. Still plenty to go to the close, but seriously, we can forget about nice clean moves for multiple days in US Markets, since there...
Good rant!
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #26,818
  • Oct 12, 2016 12:48pm Oct 12, 2016 12:48pm
Ha ha. Best Trend Line is an MA. They never lie and they are not subject to your pattern finding ability!
  • #26,819
  • Oct 12, 2016 1:01pm Oct 12, 2016 1:01pm
During FOMC watch a High Time Frame Chart like M1 (tick charts can be killers)!
  • #26,820
  • Edited 1:26pm Oct 12, 2016 1:10pm | Edited 1:26pm
US markets Long

S&P T1 +1 point 1 lot
Last lot trailing + 3 p locked in
FLAT +3 points last lot

DOW T1 +11 points x 2 lot
T2 +21 points x 1 lot
SL BE last lot +5
+16 locked in
FLAT +16 points last lot
Attached Images
It's better to be out wishing to be in... than to be in wishing to be out!
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