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Carpe diem: Intraday tactics for Dax and Dow

  • #27,121
  • Oct 20, 2016 1:15am Oct 20, 2016 1:15am
Quoting Dutchy Daxy
DAX and EUROSTOX (FESX) have little pockets to fill below. Both markets are on the second biggest Volume/TPO peak from yesterday 2 peaks on a TPO chart is called double distribution. EUROSTOXX has a Daily N POC above @ 3053 which could be an up target. EUROSTOXX has a Weekly N POC above @ 3065 which could be an up target. DAX has a Weekly POC above @ 10.700 as possible target. Already tested 4 Weeks ago. DAX has a Daily N POC above @ 10.730 as possible target US markets still have to back to the Monday closes. Could be done/saved for (much) later....
DAX and EUROSTOXX almost on these 7 weeks old Weekly POC's. (first Week of September)
DAX 10.700
EUROSTOXX 3065

See if they want to cross these levels.

Today ECB min. Bid rate
It's better to be out wishing to be in... than to be in wishing to be out!
  • #27,122
  • Oct 20, 2016 1:46am Oct 20, 2016 1:46am
I'm on the sidelines today. Very low, but real probability Mario Draghi to hint QE tapering. Could get ugly. Markets will be here tom so no reason to hurry today.
  • #27,123
  • Oct 20, 2016 1:56am Oct 20, 2016 1:56am
If Taper hinted then sell off inevitable
  • #27,124
  • Oct 20, 2016 2:15am Oct 20, 2016 2:15am
DAX Short @ 10.656
T1 +11 points x 3 lot
SL 660 last lot/FLAT

Y close covered (GAP closed)
Attached Image (click to enlarge)
Click to Enlarge Name: FDXM 12-16 (10 Range) 20-10-2016.jpg Size: 57 KB
It's better to be out wishing to be in... than to be in wishing to be out!
  • #27,125
  • Oct 20, 2016 2:36am Oct 20, 2016 2:36am
All markets are Bullish (acc. to my MAlines), but waiting for ECB now it seems.
It's better to be out wishing to be in... than to be in wishing to be out!
  • #27,126
  • Oct 20, 2016 2:38am Oct 20, 2016 2:38am
Quoting Dutchy Daxy
All markets are Bullish (acc. to my MAlines), but waiting for ECB now it seems.
Indeed. Market is nervous today so jumping around much.
  • #27,127
  • Oct 20, 2016 3:22am Oct 20, 2016 3:22am
Looking at DAX, SPX, NDX... all touching and poking larger TF resistances for 3 days. Since that can't last forever, there are bigger moves ahead.
Simple: either they are going to break higher, OR there are going to be a swift retreat to the downside.
Posible variation is false break to the upside, making an "upthrust" and then failing.

On DAX CFD - 10,660 area for me is important. Being 10 pts above/bellow is not important. Because breaking of large TF level has to be IMO at least 50 points, but more is better. DAX has ~150 pts ATR currently, so dancing around big levels for +/- 15 pts is just noise.
So, if it breaks higher, it probably aims for Aug/Sep highs at 10,750/800... if it makes a false break and reverse, or just simply drop like a drunk, then back to 10,500/520... 10,350/380.
Hope is dangerous in this game.
  • #27,128
  • Oct 20, 2016 3:46am Oct 20, 2016 3:46am
Dax - to me this is an ideal place to dive like it did on 10.10.
Per aspera ad astra
  • #27,129
  • Oct 20, 2016 4:05am Oct 20, 2016 4:05am
FTSE100 WLY and DLY Charts:
Looking for a huge Long Term move down
from False Break Double Top.
Current wave an upside correction Wave ii?
Cheers, U2
Attached Image(s) (click to enlarge)
Click to Enlarge Name: FTSE100 161020 WLY [1].png Size: 79 KB
Click to Enlarge Name: FTSE100 161020 DLY [1].png Size: 76 KB
Wait, or you will be slaughtered!
  • #27,130
  • Oct 20, 2016 4:11am Oct 20, 2016 4:11am
Quoting jpadvisor
Dax - to me this is an ideal place to dive like it did on 10.10.
To me this is an ideal time to dive into my bed for a couple of Hrs after watching the Pr. debat during my night.
It's better to be out wishing to be in... than to be in wishing to be out!
  • #27,131
  • Oct 20, 2016 4:15am Oct 20, 2016 4:15am
FTSE100 2H Chart:
Expanded Flat Correction?
EDIT: Text added to chart.
Cheers, U2
Attached Image (click to enlarge)
Click to Enlarge Name: FTSE100 161020 2H [1].png Size: 63 KB
Wait, or you will be slaughtered!
  • #27,132
  • Oct 20, 2016 4:16am Oct 20, 2016 4:16am
Quoting Dutchy Daxy
{quote} To me this is an ideal time to dive into my bed for a couple of Hrs after watching the Pr. debat during my night.
Wasn't worth it. Bla bla bla
Per aspera ad astra
  • #27,133
  • Oct 20, 2016 4:46am Oct 20, 2016 4:46am
Terrible week for scalping, horrible price action.
  • #27,134
  • Oct 20, 2016 5:58am Oct 20, 2016 5:58am
5th toch of the ascending trendline
Been long from 4th touch with stop 558
Amazed they still did not touch my stop in such a think market

5th touch should be the good one holding to 720 if not stopped out during doldrums
  • #27,135
  • Oct 20, 2016 6:20am Oct 20, 2016 6:20am
6th touch pfffff
  • #27,136
  • Oct 20, 2016 6:49am Oct 20, 2016 6:49am
Sell ur house and then sell dax!!!
  • #27,137
  • Oct 20, 2016 6:59am Oct 20, 2016 6:59am
Quoting acit
Sell ur house and then sell dax!!!
And then? Live in a carton box?
It's better to be out wishing to be in... than to be in wishing to be out!
  • #27,138
  • Oct 20, 2016 7:02am Oct 20, 2016 7:02am
Quoting Dutchy Daxy
{quote} And then? Live in a carton box?
In a little dog house
  • #27,139
  • Oct 20, 2016 7:02am Oct 20, 2016 7:02am
Quoting acit
Sell ur house and then sell dax!!!
Done. Position opened, 4000 pips a point, no SL ... Hope you are right
Que Sera
  • #27,140
  • Edited 7:33am Oct 20, 2016 7:16am | Edited 7:33am
DAX Short @655 (below 50% IB)
Tight SL. Still Bullish and inside IB. Very small IB 30 points only
T1 +11
T2 +21

CAC40 Short @ 4525 (CDF) (below 50% IB)
Pocket to fill below @ 4493/4482
T1 +11
T2 +21


ECB press release starts now
It's better to be out wishing to be in... than to be in wishing to be out!
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