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Carpe diem: Intraday tactics for Dax and Dow

  • #28,501
  • Jan 4, 2017 7:56am Jan 4, 2017 7:56am
Quoting wbemsms
{quote} We just completed a nice fib wave If we break the low today 503 possible target for next buying opp {image}
Shorted the PT at 580 one out +10
  • #28,502
  • Jan 4, 2017 8:14am Jan 4, 2017 8:14am
Quoting wbemsms
{quote} Shorted the PT at 580 one out +10
Second +18
One left stop +10
  • #28,503
  • Jan 4, 2017 8:57am Jan 4, 2017 8:57am
Quoting wbemsms
{quote} Second +18 One left stop +10
Stop +35
  • #28,504
  • Jan 4, 2017 8:59am Jan 4, 2017 8:59am
Quoting wbemsms
{quote} Stop +35
Move stop to +30
  • #28,505
  • Jan 4, 2017 9:01am Jan 4, 2017 9:01am
Quoting wbemsms
{quote} Move stop to +30
Stopped
Will probably go.lower now lol
  • #28,506
  • Jan 5, 2017 2:24am Jan 5, 2017 2:24am
Reversal day today or the actual drop time...?
  • #28,507
  • Jan 5, 2017 4:02am Jan 5, 2017 4:02am
This PA, volatility etc now, is boooooooriiiiiiing.... nowhere near previous Jan and the one before. Big candles in Jan 2016 and Jan 2015, some 400+ points. It was absolutelly beautifull. Now we have under 100 pts and even under 50 pts candles in late Dec.

What do we have now? Sneaky breakout above ~11,480 on low volume on first trading day. Than anemic trading BUT price is holding pretty well. Price is accepted there. So we have one big fat low volume green candle and pullback to the 50% of the move, and that level which is also yesterday low, got retested twice today. So we got good support now around 11,530. To the dowside we did not get a retest of the 11,480 -maybe we will later - and IMO only if DAX breaks down that with good volume and conviction we could get decent downide movement. Otherwise, we could just ping-pong in a range and go sideways in accumulation and than go higher. Seems that US wants to go to the big round numbers again after first rejection, i.e. DJIA to the 20,000 and NQ to the 5,000.

So, until we break somewhere, I will stick to the fade trades (giving bulls an edge), and leave continuation type trades aside for now.
Hope is dangerous in this game.
  • #28,508
  • Jan 5, 2017 7:28am Jan 5, 2017 7:28am
Quoting StrayDog
This PA, volatility etc now, is boooooooriiiiiiing.... nowhere near previous Jan and the one before. Big candles in Jan 2016 and Jan 2015, some 400+ points. It was absolutelly beautifull. Now we have under 100 pts and even under 50 pts candles in late Dec. What do we have now? Sneaky breakout above ~11,480 on low volume on first trading day. Than anemic trading BUT price is holding pretty well. Price is accepted there. So we have one big fat low volume green candle and pullback to the 50% of the move, and that level which is also yesterday low,...
good assessment
"Bulls make money, bears make money, pigs get slaughtered"
  • #28,509
  • Jan 5, 2017 11:39am Jan 5, 2017 11:39am
Quoting StrayDog
This PA, volatility etc now, is boooooooriiiiiiing.... nowhere near previous Jan and the one before. Big candles in Jan 2016 and Jan 2015, some 400+ points. It was absolutelly beautifull. Now we have under 100 pts and even under 50 pts candles in late Dec. What do we have now? Sneaky breakout above ~11,480 on low volume on first trading day. Than anemic trading BUT price is holding pretty well. Price is accepted there. So we have one big fat low volume green candle and pullback to the 50% of the move, and that level which is also yesterday low,...

You do realise that if candles are smaller you can just trade larger and if the candles are larger, you can trade smaller, all relative...
@pawpaw1000 on Twitter
  • #28,510
  • Edited 12:42pm Jan 5, 2017 12:12pm | Edited 12:42pm
DAX is not tradable. Maybe some scalping only here and there. Very sideway range.

US markets do better. Dont pay atention to the DAX until we brake out this range.
If the DAX goes South, this could be the target.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: FDXM 03-17 (10 Range) 2017_01_05.png Size: 50 KB
Click to Enlarge Name: FDXM 03-17 (30 Min) 5-1-2017.jpg Size: 86 KB
It's better to be out wishing to be in... than to be in wishing to be out!
  • #28,511
  • Edited 12:48pm Jan 5, 2017 12:14pm | Edited 12:48pm
US markets show better moves then DAX
Attached Image(s) (click to enlarge)
Click to Enlarge Name: ES 03-17 (5 Range) 2017_01_05.png Size: 69 KB
Click to Enlarge Name: YM 03-17 (10 Range) 2017_01_05.png Size: 73 KB
Click to Enlarge Name: NQ 03-17 (25 Range) 2017_01_05.png Size: 98 KB
Click to Enlarge Name: YM 03-17 (10 Range) B 2017_01_05.png Size: 129 KB
It's better to be out wishing to be in... than to be in wishing to be out!
  • #28,512
  • Edited Jan 6, 2017 1:22am Jan 5, 2017 12:20pm | Edited Jan 6, 2017 1:22am
Gold makes nice runs.

Don't waist time on the DAX now.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GC 02-17 (14 Range) 2017_01_05.png Size: 62 KB
Click to Enlarge Name: GC 02-17 (14 Range) 2017_01_06.png Size: 137 KB
It's better to be out wishing to be in... than to be in wishing to be out!
  • #28,513
  • Jan 5, 2017 12:34pm Jan 5, 2017 12:34pm
CL makes good runs.
Inventories moved the Oil nicely.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: CL 02-17 (20 Range) 2017_01_05.png Size: 79 KB
Click to Enlarge Name: CL.JPG Size: 149 KB
It's better to be out wishing to be in... than to be in wishing to be out!
  • #28,514
  • Jan 5, 2017 12:49pm Jan 5, 2017 12:49pm
Welcome back DD. Agree on your statement about Dax. Me too enjoing the Gold run!
Per aspera ad astra
  • #28,515
  • Jan 5, 2017 12:54pm Jan 5, 2017 12:54pm
Quoting jpadvisor
Welcome back DD. Agree on your statement about Dax. Me too enjoing the Gold run!
I was a few weeks very busy with installing my new Ninja 8 platform version. Great features added.
Takes a lot of time to find my way, but its worth.
It's better to be out wishing to be in... than to be in wishing to be out!
  • #28,516
  • Jan 5, 2017 1:11pm Jan 5, 2017 1:11pm
Opposed Characters?
Moving up into the highlands in the direction of last year's historical high 12'411.7 (Monthly 2015.04.01) on delivery of daily neg. divergence could force the market in a sideway movement actually. I don't know. Algorithm trading in January?...Draghi's expansive variance in the money growth? &... maybe partly with the essence of an overlapping monthly candle...? > ? >> ?
Something Cloudly,
Something Clear.
  • #28,517
  • Jan 6, 2017 11:22am Jan 6, 2017 11:22am
S&P may hit 1280 with a double top and retracement to 1200 to start an even bigger rally to 1600.
Position Trader
  • #28,518
  • Jan 6, 2017 11:51am Jan 6, 2017 11:51am
Quoting shebalik
S&P may hit 1280 with a double top and retracement to 1200 to start an even bigger rally to 1600.
#28'518

The fuse trips?...I didn't think so! ... it seems more like a "crazy friday thunderstorm asthma".
deflated....and S&P will coming back.
  • #28,519
  • Jan 6, 2017 12:10pm Jan 6, 2017 12:10pm
Dow hit 19999.63. Will it count as 20K with a little round up?
Position Trader
  • #28,520
  • Jan 7, 2017 12:46am Jan 7, 2017 12:46am
Maybe the markets will tank either after Trump takes office or when Chinese come back from Chinese New Years
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