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Carpe diem: Intraday tactics for Dax and Dow

  • #29,781
  • Mar 1, 2017 3:40am Mar 1, 2017 3:40am
A trend up day so far on DAX. I used to lose good money before, trying to short these days.
American trader told me once, when market was going higher: "If you are not long, that doesn't mean you have to be short"...
One of the most devastating thing to the account, fighting a trend day. No pullback to enter, trader goes counter the move out of the frustration... a loss at the end.

IMO, if you are not in, either wait for a pullback, OR try to counter on the very last zone, when the market is exhausted.
I have noticed that ES and NQ got exhausted when the move is close to full ATR, they respect that statistic, while DAX has ATR of 115 points now, but that is 200 one day, and 70 the next and so on. So I watch for good levels on chart, rather than statistical numbers.

Addon
Thinking of going long on 11,920-935 in case of the pullback. Automatic short in case we tag Feb high, but only for a reaction to 12,000.
If none of these happens, maybe something else, but market will be here tomorrow also. US markets is out of serious sellers for quite some time, everybody is BTFD.
Hope is dangerous in this game.
  • #29,782
  • Mar 1, 2017 3:44am Mar 1, 2017 3:44am
Great One:

"If you are not long, that doesn't mean you have to be short"...

I hang that line on the wall
It's better to be out wishing to be in... than to be in wishing to be out!
  • #29,783
  • Mar 1, 2017 4:25am Mar 1, 2017 4:25am
once again...

to make plans for the holidays in autumn...?
longer term
dax, short @ 11'993 (50.-$/pip) (50-K-Acc.)
risk: 11'993 till ~14'500
targets open, ...maybe @ ~10'420, (poss. ~9'510)
Attached Image
  • #29,784
  • Edited 4:52am Mar 1, 2017 4:40am | Edited 4:52am
Don't fight the market here to go short.

US markets keep making new rec. Highs.

DAX needs to get below that Weekly POC again @ 992 to go short
Attached Image(s) (click to enlarge)
Click to Enlarge Name: FDXM 03-17 (30 Minute) 2017_03_01.png Size: 29 KB
Click to Enlarge Name: FDXM 03-17 (60 Minute) 2017_03_01.png Size: 37 KB
It's better to be out wishing to be in... than to be in wishing to be out!
  • #29,785
  • Mar 1, 2017 4:46am Mar 1, 2017 4:46am
Quoting Dutchy Daxy
Don't fight the market here to go short. US markets keep making new rec. Highs. DAX needs to get below that Weekly POC again @ 992 to go short
Yep. Look for example what NQ did. Breached ATH for a few ticks, than made just a shallow 5-6 points pullback, and now it is making new ATH.
Shallow pullback from resistance followed by breakout = Strenght.
Hope is dangerous in this game.
  • #29,786
  • Mar 1, 2017 5:20am Mar 1, 2017 5:20am
Quoting Dutchy Daxy
Don't fight the market here to go short. US markets keep making new rec. Highs. DAX needs to get below that Weekly POC again @ 992 to go short {image} {image}
I hear you - something I need to improve upon.

In mean time short.....
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: 2017-03-01 11-16-48.png Size: 120 KB
It's a dirty job but someone's gotta do it!
  • #29,787
  • Mar 1, 2017 5:41am Mar 1, 2017 5:41am
Quoting LaBoca
{quote} I hear you - something I need to improve upon. In mean time short..... {image} {image}
update
Attached Image (click to enlarge)
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It's a dirty job but someone's gotta do it!
  • #29,788
  • Mar 1, 2017 5:45am Mar 1, 2017 5:45am
Quoting LaBoca
{quote} update {image}
out....

+37
Attached Image (click to enlarge)
Click to Enlarge Name: 2017-03-01 11-43-42.png Size: 63 KB
It's a dirty job but someone's gotta do it!
  • #29,789
  • Mar 1, 2017 7:31am Mar 1, 2017 7:31am
dax, short @ 12'026 (100.-$/pip)
  • #29,790
  • Edited 7:46am Mar 1, 2017 7:34am | Edited 7:46am
Quoting Forexcube
dax, short @ 12'026 (100.-$/pip)
#29'790

exit @ 12'021, +5 (x100 = +500.-$)
...by playing on a temporary price revearsal after a bigger h1 movement

dax, h1, 2017 mars 01
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  • #29,791
  • Mar 1, 2017 7:52am Mar 1, 2017 7:52am
Only longs for me on Dax buying every retrace Till closing.
Per aspera ad astra
  • #29,792
  • Mar 1, 2017 8:19am Mar 1, 2017 8:19am
So far Gold stopped @ last Weekly POC zone 1238/Support here.

Filled up the last Week Gaps/Pocket
Attached Image (click to enlarge)
Click to Enlarge Name: GC 04-17 (30 Minute) 2017_03_01.png Size: 25 KB
It's better to be out wishing to be in... than to be in wishing to be out!
  • #29,793
  • Edited 8:56am Mar 1, 2017 8:40am | Edited 8:56am
DOW on the 21.000 now (Futures)

SnP 2400 not so far away anymore. (not today)
+1.0% @ 2387
It's better to be out wishing to be in... than to be in wishing to be out!
  • #29,794
  • Mar 1, 2017 9:28am Mar 1, 2017 9:28am
Quoting Dutchy Daxy
Don't fight the market here to go short. US markets keep making new rec. Highs. DAX needs to get below that Weekly POC again @ 992 to go short {image} {image}

US markets driven like a train without brakes.
It's better to be out wishing to be in... than to be in wishing to be out!
  • #29,795
  • Mar 1, 2017 9:41am Mar 1, 2017 9:41am
DOW Short/Counter
T1 +15 p
1 to go/SL BE
FLAT +10 p last lot.

Likely gone jump up/down during US lunch time

Poss target 21.120/+1.0 %
Attached Image (click to enlarge)
Click to Enlarge Name: YM 03-17 (15 Range) 2017_03_01.png Size: 60 KB
It's better to be out wishing to be in... than to be in wishing to be out!
  • #29,796
  • Mar 1, 2017 10:13am Mar 1, 2017 10:13am
I have 12,100 as a strong top possibility for Dax on today's run, may not get there, but if it does, I have resistance. Tomorrow could be a down day from this level.
  • #29,797
  • Mar 1, 2017 12:27pm Mar 1, 2017 12:27pm
Quoting cat
I have 12,100 as a strong top possibility for Dax on today's run, may not get there, but if it does, I have resistance. Tomorrow could be a down day from this level.
New highs being broken these days. Just close your eyes and buy all pullbacks has been the trend this year. Weekly and monthly candles are green so far for January and February
  • #29,798
  • Mar 1, 2017 12:46pm Mar 1, 2017 12:46pm
I would definitely not Short this one now. When you see big gains like this you know the ECB,FED and BOJ are behind these gains. Good gain days are usually followed by more gains. This week will most likely be a week they wish to squeeze the weekly bears. I can see them trying to squeeze everyone out which decided to short first quarter futures which expire the third week of March. From the looks of things first quarter will be strong with good gains
  • #29,799
  • Mar 2, 2017 2:26am Mar 2, 2017 2:26am
Quoting stylinex
I would definitely not Short this one now. When you see big gains like this you know the ECB,FED and BOJ are behind these gains. Good gain days are usually followed by more gains. This week will most likely be a week they wish to squeeze the weekly bears. I can see them trying to squeeze everyone out which decided to short first quarter futures which expire the third week of March. From the looks of things first quarter will be strong with good gains
This is one of the reasons I seldom go near interactive threads, because of people throwing out advice like this. My post above was in reference to a level I thought might be worth drawing attention to. As for ' I would definitely do this or definitely not that...' does anyone care what other traders would or wouldn't do, because I certainly don't. But that's just me, and that's one reason why I never post on this thread anymore, even though I trade the Dax daily. Good luck to you all.
  • #29,800
  • Edited 2:51am Mar 2, 2017 2:34am | Edited 2:51am
Quoting cat
{quote} This is one of the reasons I seldom go near interactive threads, because of people throwing out advice like this. My post above was in reference to a level I thought might be worth drawing attention to. As for ' I would definitely do this or definitely not that...' does anyone care what other traders would or wouldn't do, because I certainly don't. But that's just me, and that's one reason why I never post on this thread anymore, even though I trade the Dax daily. Good luck to you all.
That's why you started 23 threads yourself?
The idea behind this is to have one single thread where anyone here on Forex Factory can share ideas, tips, strategies, knowledge, anechdotes and experience for the benefit of others.

Your thread has ONE follower only which is yourself.
Play with your mouse on your other 23 threads and don't waist out time here.

Stylinex was and is right.
When he posted these lines there was no reason to go short.
If you went short there its only counter trading, which is very tricky after a strong up move like yesterday.
It's better to be out wishing to be in... than to be in wishing to be out!
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