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Carpe diem: Intraday tactics for Dax and Dow

  • #28,181
  • Nov 21, 2016 8:43am Nov 21, 2016 8:43am
I had bought at 10,660 and set another buy order at 10,630. I got on the plane which was ready for takeoff and decided to have a quick look. I was deep in the red when the DAX was reading 10,600. I thought to myself this is a no brainer to buy this dip. Bought more, set a new stop loss and set a new sell order at 10,700. 3 hours into the flight I decided to pay the $20 for wifi to see where this MTF went. Position was closed at 10,700 and I had a nice green balance
  • #28,182
  • Nov 21, 2016 9:37am Nov 21, 2016 9:37am
Quoting Catempire
{quote} No just hours of personal reading.. No other option makes as much sense. most analysis also changed their stance. Time me will tell eh, I will be very surprised if we see new highs before next year.
So far so good but a long way to go... Interest rate hike in Decembet with history showing us highs are usually in place 3-4 weeks before... Donald trump and the uncertainty following him getting in.

personally selling the rips.
Que Sera
  • #28,183
  • Nov 21, 2016 9:45am Nov 21, 2016 9:45am
DOW 1H Chart:
Holding Long, TP 18998 and above.
Cheers, U2

Edit: Chart text
Attached Image (click to enlarge)
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Wait, or you will be slaughtered!
  • #28,184
  • Nov 21, 2016 10:17am Nov 21, 2016 10:17am
DOW 2H Chart:
Looks like we can finally leave that pesky Triangle
Correction in the rear view mirror?
This should be Wave iii Blue,
sometimes called the money wave!
Holding Long.
Cheers, U2
Attached Image (click to enlarge)
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Wait, or you will be slaughtered!
  • #28,185
  • Nov 21, 2016 10:24am Nov 21, 2016 10:24am
Quoting Forexcube
{quote} #28'168 ...and with most of these undercapitalized accounts...it could be a question of "Hopsi oder Topsi"...Dead or Alive, ...All or Nothing.... ...& I compare the monthly Highs & Lows and overlapping candles within October, November, December, January & February (every year)...by managing to have enough deposits on all accounts. The Nov./Dec.-overlapping candles are extremely efficient for me. de30eur, monthly, 2016 november 20 {image}
Hi Forexcube,
I have been around the block for 15 years now and only today came across what you describe here as "overlapping candles" - I may have a completely different understanding of what you mean by overlapping candles, so would you mind, just in short, explaining to me how to duplicate what you meant by that, plse?
Thanking you sincerely,
Hercs
  • #28,186
  • Edited 4:26pm Nov 21, 2016 12:09pm | Edited 4:26pm
Quoting Hercs
{quote} Hi Forexcube, I have been around the block for 15 years now and only today came across what you describe here as "overlapping candles" - I may have a completely different understanding of what you mean by overlapping candles, so would you mind, just in short, explaining to me how to duplicate what you meant by that, plse? Thanking you sincerely,
#28'186

Hi Hercs

"Smaller" price movements
The OCC (Overlapping Candle Concept) checks candles against each other at the same timeframe and/or at different time frames (e.g. daily, weekly, monthly).

Let give you an example at weekly chart (further down). Normally I compare several candles together e.g. 1 > 4, whereat "I" is then the Indexcandle.

Another subtopic
All know that the market is crazy and big capital want your money and so sudden bigger price movements take regularly place (the eternal recurrence of the same, Nietzsche ), compare Index A & Index B, please.

By reference to these recognition patterns I can extrapolate some expectation about my future forex actions in order- & moneymanagement and risk-tolerance.

Anyplace, say somewhere and somewhen especially when the market is in a consolidating phase you could detect the most frequent biggest overlapping areas. In these last-named market environment I can even increase my risk tolerance as a matter of fact.

Followup
The most interesting analyses did you get by comparing H4, daily, weekly or daily, weekly & monthly timeframes in their OCC-Algorithm together.

You could flush out many times more examples what was I taking about in the same chart below (e.g. #28'188).

Hope it helps
FXcube

DAX, Weekly, 2016 November 21
Attached Image (click to enlarge)
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  • #28,187
  • Edited Nov 22, 2016 12:24am Nov 21, 2016 4:26pm | Edited Nov 22, 2016 12:24am
DAX, Weekly, 2016, November 21
OCC

To let the market its breath
One great advantage for me is that the OCC-Concept could define extremely variable and the "market's breath" is appropriately taken into consideration.
It means in effect that orders in red could turn a few days after into the profit zone.
Kindest regards
FXcube
Attached Image (click to enlarge)
Click to Enlarge Name: de30eur, weekly, 2016 November 21, v2.jpg Size: 236 KB
  • #28,188
  • Nov 22, 2016 12:08am Nov 22, 2016 12:08am
Today should be a good up day. Probably clear 10,800 today. I will buy at open if we do not gap up too much
  • #28,189
  • Nov 22, 2016 12:25am Nov 22, 2016 12:25am
Quoting stylinex
Today should be a good up day. Probably clear 10,800 today. I will buy at open if we do not gap up too much
nasdaq goes up
actual: 4'879 (2016.10.25 H 4'921.4)
  • #28,190
  • Nov 22, 2016 12:27am Nov 22, 2016 12:27am
po dax short @ 10'780, target @ 10'620
(if so)
___
po = pending order
  • #28,191
  • Edited 12:44am Nov 22, 2016 12:34am | Edited 12:44am
my actual viewpoint
...but weekly could go further up ~10'790 & in case of an weekly outbreak (see #28'193, please), maybe > ~11'380,
...& if so then the daily will be old news.

dax, daily, 2016 november 22
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  • #28,192
  • Nov 22, 2016 12:42am Nov 22, 2016 12:42am
dax, weekly, 2016 november 22
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  • #28,193
  • Nov 22, 2016 12:45am Nov 22, 2016 12:45am
I wish you green and happy pips today!
May you do well!
FXcube
  • #28,194
  • Nov 22, 2016 12:52am Nov 22, 2016 12:52am
Quoting Forexcube
{quote} #28'186 Hi Hercs "Smaller" price movements The OCC (Overlapping Candle Concept) checks candles against each other at the same timeframe and/or at different time frames (e.g. daily, weekly, monthly). Let give you an example at weekly chart (further down). Normally I compare several candles together e.g. 1 > 4, whereat "I" is then the Indexcandle. Another subtopic All know that the market is crazy and big capital want your money and so sudden bigger price movements take regularly place (the eternal recurrence of the same, Nietzsche ),...
Hi Forexcube,
Thank you for the explanation, which I really appreciate. I will see if I can find the same as you as it is not "an ah ha moment" just yet. May I ask again once I had looked at it plse?
Continued success to you.
Hercs
  • #28,195
  • Nov 22, 2016 1:13am Nov 22, 2016 1:13am
Quoting Forexcube
{quote} nasdaq goes up actual: 4'879 (2016.10.25 H 4'921.4)
Asian Indexes did well so I reckon US Indexes will also do well. European Indexes will piggyback ride along US stock indexes as usual
  • #28,196
  • Nov 22, 2016 1:15am Nov 22, 2016 1:15am
I think it will be great to buy any pullbacks before market opens. If there is a dip when market opens I will also look to buy
  • #28,197
  • Nov 22, 2016 2:05am Nov 22, 2016 2:05am
Although daily has opened above 10.720 levels it hasn't closed yet.. therefore my "I will buy every retest attempt towards 10.650" approach is still valid.. I am waiting for a possible gap close and even a deeper correction since we also might see a deeper correction towards fib 78.6 --> 10.626 area on H1 chart..

Short and simple: I don't want to buy yet. I will wait for a gap close and retest of previous lows..

Stay Green
Focus only on what truly matters!
  • #28,198
  • Edited 5:59am Nov 22, 2016 2:50am | Edited 5:59am
DAX Long from 744
T1 +16p
SL BE/trailing

+1% from Y close is 785 zone
Prev. Week High (PWH) @ 800

Last Months the 800/825 tested but no break out above.

Opec meeting next Week Wed. They talked up the oil so far. Agreement next Week productuion cut?
Too many oil countries outside the OPEC can't afford an oil cut production. Their economy could colapse.
Market believes it will happen it looks. But they believed that all the other times as well, but there came no agreement and price dropped again.
Attached Image (click to enlarge)
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Attached Image
It's better to be out wishing to be in... than to be in wishing to be out!
  • #28,199
  • Nov 22, 2016 2:59am Nov 22, 2016 2:59am
Quoting Ata-Turkoglu
Although daily has opened above 10.720 levels it hasn't closed yet.. therefore my "I will buy every retest attempt towards 10.650" approach is still valid.. I am waiting for a possible gap close and even a deeper correction since we also might see a deeper correction towards fib 78.6 --> 10.626 area on H1 chart.. Short and simple: I don't want to buy yet. I will wait for a gap close and retest of previous lows.. Stay Green
don't you think a break of 10650 on the downside would invalidate the sideways range it has been 10650-10760-10800 ?
  • #28,200
  • Edited 4:52am Nov 22, 2016 4:38am | Edited 4:52am
dax, short @ 10'760
(...by trading h1/h4 & daily overlapping candles)

dax, h1, 2016 november 22
dax, h4, 2016 november 22
dax, daily, 2016 november 22
Attached Image(s) (click to enlarge)
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