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Carpe diem: Intraday tactics for Dax and Dow

  • #32,441
  • May 4, 2017 2:17am May 4, 2017 2:17am
DAX & FESX made a pop due to Y French debate with Macron as winner (acc to the press)
On rec High level.

US markets wait for tomorrow NFP.

Still short in Gold from last Week Tuesday @ 1274
For the rest no positions.
It's better to be out wishing to be in... than to be in wishing to be out!
  • #32,442
  • May 4, 2017 2:43am May 4, 2017 2:43am
Quoting F.g
DOW short now at 20.937 SL @ 20.951
SL hit already. I will reshort only at 20.932 ON STOP SL @ 20960

  • #32,443
  • Edited 4:08am May 4, 2017 3:24am | Edited 4:08am
DAX Short @ 12.615 (counter trade)
+8p 1 lot
1 to go but still to strong. SL BE
FLAT BE last lot

Up target 12.640/650 +1.0%

Single TPOs down to 575
It's better to be out wishing to be in... than to be in wishing to be out!
  • #32,444
  • May 4, 2017 4:38am May 4, 2017 4:38am
I have the impression that DAX and DOW are topping now . 5:40 Est.
  • #32,445
  • May 4, 2017 5:20am May 4, 2017 5:20am
M15, Dax Divergence for 9 bars
We err, and err, and err again, but less.
  • #32,446
  • May 4, 2017 5:53am May 4, 2017 5:53am
Quoting Dutchy Daxy
DAX Short @ 12.615 (counter trade) +8p 1 lot 1 to go but still to strong. SL BE FLAT BE last lot Up target 12.640/650 +1.0% Single TPOs down to 575
DAX and FESX (EUROSTOXX) hit the +1.0%.
Lets see if that is enough for today.
It's better to be out wishing to be in... than to be in wishing to be out!
  • #32,447
  • May 4, 2017 6:07am May 4, 2017 6:07am
Quoting Dutchy Daxy
{quote} DAX and FESX (EUROSTOXX) hit the +1.0%. Lets see if that is enough for today.
Hi Dutchy,

stupid question but the % gain/loss you let calculate from yesterdays's close (future and not kassa), right?

Thanks
"Men Who Can Both Be Right & Sit Tight Are Uncommon" ~ Jesse Livermore
  • #32,448
  • May 4, 2017 6:09am May 4, 2017 6:09am
Quoting michisuperfr
{quote} Hi Dutchy, stupid question but the % gain/loss you let calculate from yesterdays's close (uture and not kassa), right? Thanks
There are no stupid questions.

The % levels I calculate from previous day Cash (RTH) close.

So on Yesterdays Cash close time (17:30 local German time) the Future price was @ 12.530.
From that price the % levels are calculated
It's better to be out wishing to be in... than to be in wishing to be out!
  • #32,449
  • May 4, 2017 6:18am May 4, 2017 6:18am
Quoting Dutchy Daxy
{quote} There are no stupid questions. The % levels I calculate from previous day Cash (RTH) close. So on Yesterdays Cash close time (17:30 local German time) the Future price was @ 12.530. From that price the % levels are calculated
Thank you Now it makes sense to me, somehow always thought you calculate it from the futures close
"Men Who Can Both Be Right & Sit Tight Are Uncommon" ~ Jesse Livermore
  • #32,450
  • May 4, 2017 7:13am May 4, 2017 7:13am
Quoting Dutchy Daxy
{quote} There are no stupid questions. The % levels I calculate from previous day Cash (RTH) close. So on Yesterdays Cash close time (17:30 local German time) the Future price was @ 12.530. From that price the % levels are calculated
Why the RTH close and not the Futures close?
It's a dirty job but someone's gotta do it!
  • #32,451
  • May 4, 2017 7:36am May 4, 2017 7:36am
Quoting LaBoca
{quote} Why the RTH close and not the Futures close?
In the beginnig I used the ETH (Futures) closes. But these levels make no real sence.
The RTH or Cash calculated levels are much more respected.
It's better to be out wishing to be in... than to be in wishing to be out!
  • #32,452
  • May 4, 2017 7:49am May 4, 2017 7:49am
Quoting Dutchy Daxy
DAX & FESX made a pop due to Y French debate with Macron as winner (acc to the press) On rec High level. US markets wait for tomorrow NFP. Still short in Gold from last Week Tuesday @ 1274 For the rest no positions.
GOLD keeps running down.
It's better to be out wishing to be in... than to be in wishing to be out!
  • #32,453
  • Edited 8:10am May 4, 2017 7:55am | Edited 8:10am
DAX pulls back a little. Maybe down to 600. Depends on US markets now.
Single TPOs from 600 to 576

On the right side margin you see Daily RTH TPOs with RTH % levels
The DAX stopped (so far) on the +1.0% level calculated from Y RTH/Cash close (on the tick)

The left TPO buildings/ranges are ETH TPOs, so Future Opens/Closes/Highs/Lows

DAX is now on the RTH and ETH POC, which are both on the same level now @ 624
Attached Image (click to enlarge)
Click to Enlarge Name: FDXM 06-17 (20 Range) 2017_05_04.png Size: 63 KB
It's better to be out wishing to be in... than to be in wishing to be out!
  • #32,454
  • May 4, 2017 8:09am May 4, 2017 8:09am
Quoting Dutchy Daxy
DAX pulls back a little. Maybe down to 600. Depemds on US markets now. Single TPOs from 600 to 576 On the right side margin you see Daily RTH TPOs with RTH % levels The DAX stopped (so far) on the +1.0% level calculated from Y RTH/Cash close (on the tick) The left TPO buildings/ranges are ETH TPOs DAX is now on the RTH and ETH POC, which are both on the same level now @ 624 {image}
FLAT +30 points 1 lot only (FDAX)
It's better to be out wishing to be in... than to be in wishing to be out!
  • #32,455
  • May 4, 2017 8:12am May 4, 2017 8:12am
Quoting Dutchy Daxy
{quote} In the beginnig I used the ETH (Futures) closes. But these levels make no real sence. The RTH or Cash calculated levels are much more respected.
There's also the Globex close, which in my experience is the most respected.
  • #32,456
  • May 4, 2017 8:19am May 4, 2017 8:19am
Quoting medici
{quote} There's also the Globex close, which in my experience is the most respected.
Globex close for the DAX is the ETH close or Future close.

ETH Opens @ 8:00 and closes @ 22:00 German/Amsterdam time.
RTH Opens @ 9:00 and closes @ 17:30 German/Amsterdam time.

I don't pay much attention to the ETH or Globex open/close
It's better to be out wishing to be in... than to be in wishing to be out!
  • #32,457
  • Edited 9:36am May 4, 2017 8:22am | Edited 9:36am
DAX is waiting now on the POCs level @ 625 for US move.

Very often there is a pull back on US markets ahead of tomorrow Non Farm numbers and Yellen speach.
If that happens (no crystal boll) the DAX should follow in the pull back, BUT EU markets are very strong due to the expected winning of French candidate Macron. Survival party of EU.
It's better to be out wishing to be in... than to be in wishing to be out!
  • #32,458
  • May 4, 2017 8:59am May 4, 2017 8:59am
Oil made a HUGE drop since a few weeks. From $54,00 plus down to $47.00 now

Must have some down effects on DOW as well I would think.

More OPEC export then agreed.

Royal Dutch Shell made a huge profit due to higher oli prices last Q
I wonder how that will be this Q with lower oli prices.

Weekly TPO Chart
Attached Image (click to enlarge)
Click to Enlarge Name: CL 06-17 (45 Range) 2017_05_04.png Size: 77 KB
It's better to be out wishing to be in... than to be in wishing to be out!
  • #32,459
  • May 4, 2017 11:12am May 4, 2017 11:12am
SnP Short
T1 +2.5 p * 2 lot
1 to go/SL BE

FLAT +6 points last lot. Target -0.25% Y RTH close
Attached Image (click to enlarge)
Click to Enlarge Name: ES 06-17 (10 Range) 2017_05_04.png Size: 67 KB
It's better to be out wishing to be in... than to be in wishing to be out!
  • #32,460
  • May 4, 2017 11:30am May 4, 2017 11:30am
Quoting Dutchy Daxy
{quote} GOLD keeps running down.
Flat on the Gold trade.

+44 points in Mini Gold * 2 lot.

1 point $10,00
It's better to be out wishing to be in... than to be in wishing to be out!
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