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Carpe diem: Intraday tactics for Dax and Dow

  • #29,501
  • Edited 1:13am Feb 17, 2017 12:54am | Edited 1:13am
All 4 markets same Wedge pattern . Not much will happen before Holiday Monday I think, so scalping day.

My Fast MA channels are on the sell side of the slow ones, but there must be a real reason to let the markets dropp
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It's better to be out wishing to be in... than to be in wishing to be out!
  • #29,502
  • Feb 17, 2017 1:10am Feb 17, 2017 1:10am
expect downside 2day .. range play 714/765.. below 714 eye 680/70 area
  • #29,503
  • Feb 17, 2017 2:00am Feb 17, 2017 2:00am
GOLD short @ 1239
T1 +11.p x 2 lot
1 lot to go
It's better to be out wishing to be in... than to be in wishing to be out!
  • #29,504
  • Feb 17, 2017 2:06am Feb 17, 2017 2:06am
DAX Long
T1 +11 p
1 to go
FLAT BE last lot

First target @ 773 (Y VAH)
Next target 795/805 (+0.5%)

DAX now on top of Dev. Weekly POC 762 (and Y POC)

Y Gap to close @ 743
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It's better to be out wishing to be in... than to be in wishing to be out!
  • #29,505
  • Feb 17, 2017 2:23am Feb 17, 2017 2:23am
Quoting Dutchy Daxy
All 4 markets same Wedge pattern . Not much will happen before Holiday Monday I think, so scalping day. My Fast MA channels are on the sell side of the slow ones, but there must be a real reason to let the markets dropp {image}
Nothing will happen today. Will trade up and down a few points. Little Zig Zag at best for today.
  • #29,506
  • Feb 17, 2017 2:31am Feb 17, 2017 2:31am
DAX Short @ 747
T1 +11p
1 to go

Down targets:
715 = -0.25%
695 single TPOs/Pocket on Weekly TPO chart
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!
  • #29,507
  • Feb 17, 2017 2:46am Feb 17, 2017 2:46am
Quoting stylinex
{quote} Nothing will happen today. Will trade up and down a few points. Little Zig Zag at best for today.
No news, option expiry Friday - not much movement usually. I will sit on my hands probably and wait for price to come to range estremes, and if not - read a book.

Even if SnP stages a 30 point drop - today, on tuesday, or on some other day, it will not damage the bullish structure, and the first dip will be bought. And then we will see, if it leads to the another higher high, or to a lower high and some more two-sided market, hell maybe even a 3%+ correction . A lower high and all after that is much better for day traders.

Because this cannot run forever like this:

NQ 15m, and 200sma
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Very rarely that tops on daily charts looks like sharp peak, inverted "v" ("A" top, maybe ), but many bottoms got that "V" shape. Maybe it is finally time for some consolidation first, and a drop later. Consolidations can last for many many days also...
Hope is dangerous in this game.
  • #29,508
  • Feb 17, 2017 2:51am Feb 17, 2017 2:51am
Quoting StrayDog
..... blah, blah, blah.... the first dip will be bought. And then we will see, if it leads to the another higher high, or to a lower high and some more two-sided market...
DAX already has that lower high on Daily. Will it roll-over though? I would not be suprised at all to see it the unfilled gap at 11,667 cash, which is almost exact halfback of the recent swing. Lets say next week.
Hope is dangerous in this game.
  • #29,509
  • Feb 17, 2017 3:05am Feb 17, 2017 3:05am
Quoting Dutchy Daxy
DAX Short @ 747 T1 +11p 1 to go Down targets: 715 = -0.25% 695 single TPOs/Pocket on Weekly TPO chart {image}
There is the -0.25%
Now maybe a push to the 695 zone

FLAT +28 points
It's better to be out wishing to be in... than to be in wishing to be out!
  • #29,510
  • Feb 17, 2017 3:08am Feb 17, 2017 3:08am
Quoting StrayDog
{quote} DAX already has that lower high on Daily. Will it roll-over though? I would not be suprised at all to see it the unfilled gap at 11,667 cash, which is almost exact halfback of the recent swing. Lets say next week.
The market is very thin and longs will bail out fast if they smell trouble. 11667 is not far fetched and there is a lot of support in this area, but it might overshoot to 11642 briefly, if it falls to these levels
"Bulls make money, bears make money, pigs get slaughtered"
  • #29,511
  • Feb 17, 2017 3:32am Feb 17, 2017 3:32am
Quoting Dutchy Daxy
DAX Short @ 747 T1 +11p 1 to go Down targets: 715 = -0.25% 695 single TPOs/Pocket on Weekly TPO chart {image}
Weekly single TPOs/Pocket covered! (on the tick)
It's better to be out wishing to be in... than to be in wishing to be out!
  • #29,512
  • Edited 3:53am Feb 17, 2017 3:37am | Edited 3:53am
Dax long @11710 SL 20 TP open.
Added another @11702 SL 20.
Per aspera ad astra
  • #29,513
  • Feb 17, 2017 3:53am Feb 17, 2017 3:53am
DAX Long
T1 +11p xx 2 lot
1 lot to go
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It's better to be out wishing to be in... than to be in wishing to be out!
  • #29,514
  • Feb 17, 2017 3:56am Feb 17, 2017 3:56am
Quoting Dutchy Daxy
{quote} Weekly single TPOs/Pocket covered! (on the tick)
That is something you can't see on regular charts. The power of MP.

Can your MP software make a Volume Profile of a given period? I have seen others do that for ES on Windo Trader. For example, they set dates on some important swing, and then you can see all HVNs and LVNs of that period.
Hope is dangerous in this game.
  • #29,515
  • Feb 17, 2017 3:58am Feb 17, 2017 3:58am
Quoting StrayDog
{quote} That is something you can't see on regular charts. The power of MP. Can your MP software make a Volume Profile of a given period? I have seen others do that for ES on Windo Trader. For example, they set dates on some important swing, and then you can see all HVNs and LVNs of that period.
LVN and HVN is in the TPO program, but to be honest, I don't know what they mean.

And yes. MP can be set on a given period.
I have 3 TPO charts Daily/Weekly /Monthly but one can select other periods as well.
It's better to be out wishing to be in... than to be in wishing to be out!
  • #29,516
  • Feb 17, 2017 4:10am Feb 17, 2017 4:10am
dax, long @ 11'695 (50.-$ per pip)
  • #29,517
  • Feb 17, 2017 4:11am Feb 17, 2017 4:11am
Quoting Dutchy Daxy
{quote} LVN and HVN is in the TPO program, but to be honest, I don't know what they mean. And yes. MP can be set on a given period
Well, I have learned from US traders that HVN (High Volume Node) is level that tends to attract price, like magnet, like some level where both side is complacent, where majority of trading took place, and that this can "serve as a launching point of a strong short-term directional move". That was for example HVN at 2264, you can remember that level.

Low volume node, or LVN, on the other hand, tends to "quickly reject price in opposite direction".

I find that usefull, so when you think lets say that some swing is done, you set dates on bottom and top, and make a Volume Profile. Preparing for a pullback you can now see where are those HVNs/LVNs, so the top of fat part is HVN and LVNs are clearly visible, like in this old example, from September:
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It is a printscreen from ShadowTrader show on tastytrade network, but they don't have it anymore for some time, and they used to show Volume Profile often.
A long post in the middle of trading Got stoped at be on NQ, tried long 5290
Hope is dangerous in this game.
  • #29,518
  • Feb 17, 2017 4:14am Feb 17, 2017 4:14am
Quoting Forexcube
dax, long @ 11'695 (50.-$ per pip)
#29'517

Two hammers (not so reliable due to the fact of the smaller m5 chart)

dax, m5, 2017 february 17
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  • #29,519
  • Feb 17, 2017 4:15am Feb 17, 2017 4:15am
Quoting Forexcube
{quote} #29'517 Two hammers (not so reliable due to the fact of the smaller m5 chart) dax, m5, 2017 february 17 {image}
#29'517

exit @ 11'706, +11 (x50 = +550.-$)

dax, m5, 2017 february 17
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  • #29,520
  • Feb 17, 2017 4:19am Feb 17, 2017 4:19am
Quoting StrayDog
{quote} Well, I have learned from US traders that HVN (High Volume Node) is level that tends to attract price, like magnet, like some level where both side is complacent, where majority of trading took place, and that this can "serve as a launching point of a strong short-term directional move". That was for example HVN at 2264, you can remember that level. Low volume node, or LVN, on the other hand, tends to "quickly reject price in opposite direction". I find that usefull, so when you think lets say that some swing is done, you set dates on bottom...
Thnx Doggy!
It's better to be out wishing to be in... than to be in wishing to be out!
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