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Carpe diem: Intraday tactics for Dax and Dow

  • #29,141
  • Feb 8, 2017 3:33am Feb 8, 2017 3:33am
Quoting Onizuka
Pressure is increasing... as always. The place need to be cleaned by big players.
Unfortunately, you are absolutely right. Need to be burned 20% - 30% accounts in leading trading companies, others will close their positions from fear on loss, must be taken also and the money from stop losses. And then there will be clear direction, in my opinion down.

Anyway, now I watch another interesting indication of the daily chart. Sma 50 will enter in bollinger tunnel, that's why lower bb 2:10 is opened, which means the price will fall below sma 50, no other way to enter in bb.

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  • #29,142
  • Feb 8, 2017 3:44am Feb 8, 2017 3:44am
Quoting jmss59
Gm Nobody sees the possibility that the price today will again test the 11600?
Yes sure it could re-test 11600 :
But personnally I will not trade upside. Simply because of Risk reward.
Down side may give around 40 or 50.
Up side is locked to give around 20.
Just how I trade.
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  • #29,143
  • Feb 8, 2017 3:45am Feb 8, 2017 3:45am
Quoting evgenia
{quote} Unfortunately, you are absolutely right. Need to be burned 20% - 30% accounts in leading trading companies, others will close their positions from fear on loss, must be taken also and the money from stop losses. And then there will be clear direction, in my opinion down. Anyway, now I watch another interesting indication of the daily chart. Sma 50 will enter in bollinger tunnel, that's why lower bb 2:10 is opened, which means the price will fall below sma 50, no other way to enter in bb. forex 886.png;2177869 {image}

LOL i doubt youre profitable with all those lines on chart LOL, looks like a Xmas tree lol!
I am what Many Dream to be but only a few can achieve, im a part of the 1%
  • #29,144
  • Feb 8, 2017 3:47am Feb 8, 2017 3:47am
seems like everybody here trades the Xmas tree strategy, doubt anybody is profitable here.
I am what Many Dream to be but only a few can achieve, im a part of the 1%
  • #29,145
  • Feb 8, 2017 3:48am Feb 8, 2017 3:48am
haha yes, I didn't clean it.
I think you get the point. I draw triangle on color to show the pressure.
I trade on 5 min charts which are cleaner.
  • #29,146
  • Feb 8, 2017 3:51am Feb 8, 2017 3:51am
Quoting jmss59
Gm Nobody sees the possibility that the price today will again test the 11600?
GM, jmss59!
Everything is possible on the market, as you know. Manipulations by brokers, banks. We are between the slaps figuratively speaking.
It's no secret that in recent years were exposed brokers and banks play in the cartel. Game of cat and mouse. One side buy and the other sell, and so keep the price in a weekly, monthly level of consolidation, not eye-catching.
Come to think no longer remained asset which is not subject to manipulation.
Current major resistance is exactly 11600, but there are and micro levels, so for today 11580 holds for now, but of course is possible test again 11600.
  • #29,147
  • Feb 8, 2017 4:01am Feb 8, 2017 4:01am
Quoting Soros
{quote} LOL i doubt youre profitable with all those lines on chart LOL, looks like a Xmas tree lol!
I show my trades, since I write in this forum. For 2 days writing here I don't have deal on loss. I'm not from yesterday in trading and have about 500 followers for the moment. I deleted my facebook trading group, but delayed my projects forexeve.com and eveshares.net, so my traders are currently in my facebook wall. But I plan to complete with the design forexeve.com soon and of course will move there.
  • #29,148
  • Feb 8, 2017 4:18am Feb 8, 2017 4:18am
Quoting Soros
seems like everybody here trades the Xmas tree strategy, doubt anybody is profitable here.
I'm happy we have somebody here now who is one of the 1% winners! So now we gone make money finally!
But a Month ago I red an article that Soros lost a few Biljon $, so maybe better change your name.
It's better to be out wishing to be in... than to be in wishing to be out!
  • #29,149
  • Feb 8, 2017 4:23am Feb 8, 2017 4:23am
Quoting Dutchy Daxy
{quote} I'm happy we have somebody here now who is one of the 1% winners! So now we gone make money finally! But a Month ago I red an article that Soros lost a few Biljon $, so maybe better change your name.
  • #29,150
  • Feb 8, 2017 4:25am Feb 8, 2017 4:25am
Only important news today is CL inventory.

Here is a CL Mar futures 240m chart
Attached Image (click to enlarge)
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CL was above $51.60-80 zone last two months, but now that zone is marginaly broken and price is testing it from bellow. Could it be a real breakdown, or just a failed one? Difficult to tell, since inventory is today, so probably just choping around untill then, but interesting place, and a good example of a ranging market.
Hope is dangerous in this game.
  • #29,151
  • Feb 8, 2017 4:34am Feb 8, 2017 4:34am
Soros buy Gold currently , I mean real Soros. I commented in the beginning of the year with a friend banker in Dubai about his expectations. He said Gold 800, indexes up. Of course I disagreed.
Market voted too much trust Trump, and therefore this unrealistic optimism. But there is a good side. In the first offshoot will be a huge drop in confidence which will lead to huge corrections.
The market is a barometer for something to happen in the future. If it does not happen we have wrong estimates and correction of initial expectations. So everything revolves around the expectations of market participants. The hard part is on what basis these expectations are formed: in-depth analysis for several years horizon or day to day.
  • #29,152
  • Feb 8, 2017 4:47am Feb 8, 2017 4:47am
Quoting evgenia
Soros buy Gold currently , I mean real Soros. I commented in the beginning of the year with a friend banker in Dubai about his expectations. He said Gold 800, indexes up. Of course I disagreed. Market voted too much trust Trump, and therefore this unrealistic optimism. But there is a good side. In the first offshoot will be a huge drop in confidence which will lead to huge corrections. The market is a barometer for something to happen in the future. If it does not happen we have wrong estimates and correction of initial expectations. So everything...
I might add Evgenia, that so far the central banks and politicians have been rolling the expectations managing to keep them high but this cannot last too long and when there is no more money to roll the unrealistic rosy expectations we will have a massive drop.
"Bulls make money, bears make money, pigs get slaughtered"
  • #29,153
  • Feb 8, 2017 4:48am Feb 8, 2017 4:48am
See you later guys. Lunchtime here in Italy. I hold my shorts DAX 11555 with expectations for at least 11340.
  • #29,154
  • Feb 8, 2017 4:50am Feb 8, 2017 4:50am
Quoting manosk
{quote} I might add Evgenia, that so far the central banks and politicians have been rolling the expectations managing to keep them high but this cannot last too long and when there is no more money to roll the unrealistic rosy expectations we will have a massive drop.
Exactly. Absolutely correct. Totally agree.
  • #29,155
  • Feb 8, 2017 7:01am Feb 8, 2017 7:01am
Quoting Dutchy Daxy
DAX Short @ 555 T1 +11p x 2 lot 1 to go Some Y single TPOs left to cover down to 525 DAX is in a wedge Needs to break out above 575 or below 525
US pulls back a little.
DAX getting close to those Y singles @ 525 again
Still Short 1 lot

FLAT +30p last lot
Y single TPOs covered/filled
It's better to be out wishing to be in... than to be in wishing to be out!
  • #29,156
  • Feb 8, 2017 7:14am Feb 8, 2017 7:14am
Still Long in the Gold @ 1238.1

On the + 0.5% Y close level now
Open in 5 Min.
It's better to be out wishing to be in... than to be in wishing to be out!
  • #29,157
  • Feb 8, 2017 7:37am Feb 8, 2017 7:37am
Here we are.
11520 is a key level.
  • #29,158
  • Feb 8, 2017 7:37am Feb 8, 2017 7:37am
Quoting Forexcube
longer term 20'000.-$ Acc. dax short @ 11'545, target @ 9'720 (5.-$ per pip) risk dax ~13'500
#29'076

delete the target.
exit @ 11'515, +30 (x5 = 150.-.$)
  • #29,159
  • Feb 8, 2017 8:04am Feb 8, 2017 8:04am
DAX Short Re entry @ 523
T1 +11p x 2lot
1 to go
Attached Image (click to enlarge)
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It's better to be out wishing to be in... than to be in wishing to be out!
  • #29,160
  • Edited 8:32am Feb 8, 2017 8:12am | Edited 8:32am
S$P Short @2285.25
T1 +1.25p
1 lot to go
FLAT +3 points last lot/Singles almost covered

Some singles (Feb 2) to cover down to 2281 zone
Lets see if we get there.

Support zone that 2284/83
Attached Image (click to enlarge)
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It's better to be out wishing to be in... than to be in wishing to be out!
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