5,5 Workhours from 3 am till 6 am and from 9.45 am till 11.45 am and from 3.15 pm till 3.50 pm
DAX Trades:
expecting a trend after 3.00 am - 3.10 am, 6.00 am, 9.45 am, 10.30 am - 11.00 am, 12.15 am and after 3.15 pm
after 2.45 am same as yesterday after 10.40 am: side/down move then up trend:
- 2.33 am short
- 3.24 am long
- 3.58 am long
- 4.25 am long
- 6.00 am short
- 6.17 am long
- 6.56 am long
- 8.34 am short
- 8.52 am long
- 9.42 am short
- 9.58 am long
- 10.29am short
- 11.34 am long
- 12.40 am long
- 2.42 pm long
- 3.15 pm long
Crude Oil Trades:
- 1:25 am short
- 4:33 am long
- 5:53 am short
- 6.10 am long
- 8.26 am short
- 9.09 am long
- 9.40 am short
- 9.59 am long
- 11.04 am long
- 12.26 am short
- 1.25 pm long
Morning,
ReplyDelete1) Wrote you an e-mail. Just this small question I've been wondering for some time.
2) If we'll have another down day today, then first we go up to 6230 (one of my strong levels is at that price for several days now - we stayed there at yesterday's open and the day before). And then we should reverse and come down to 6194, then 6166 and 6148. If a major sell off occurs, then 6125 is the level we should stop. Cause if that fails, then hell is loose. :-))
S&P and Crude Oil already in downtrend, could be that we sell off before the open, have a look at 6205 if that breaks we might go down hard :-) have fun trading today!
ReplyDeleteWe'll see. There's also another possiblity - first down to 6194 and then up to 6130 (6255 and 6290).
ReplyDeleteman, how come 6194? 6190-6184 was the most volume yesterday. I want to learn how you calculate your trading levels, I always take for counter trend trades the last resistance that now becomes support, or double bottoms.
ReplyDeleteand of course I look at the S&P which just hit the 1198,25 level a strong support from yesterday, but until there is now double bottom I will not exit my short :-)
ReplyDeletebtw nice 70 points uptrend last evening, like I recommended to you watch what happens after 10 am on thursday ;)
ReplyDelete:-))) I don't know... i've had this indicator for a long time and don't even remember what does it exactly use in order to calculate these levels. But will try to remember over the weekend and then will let you know. :-)
ReplyDeleteYup.. that up-trend was pretty decent. But there wasn't anywhere else to go, since 6148 held. It was either sideways or up-trend. Wish i traded that also... but I chose a bemar over money. Silly me. :-))))
ReplyDeletethx, I think i am done trading the dax for today, at least for the account that I managed and need to earn 40 points per day, anyway I think after 9.45 am we will also see a sell off in all markets, so maybe I can book some more profits there in my private account and of course crude oil gets cheaper so we have even more fun driving our BMWs on the weekend ;-)
ReplyDeleteWell done mate! :-)
ReplyDeleteGot a 3-point loss from the first short (since it didn't go to 6166 and I thought). But since 6194 didn't fail, I went long at 6199 and exited 50% at 6250, 25% in 6269 and 25% in 6255.
ReplyDeleteIt could try to hit 6290, but it's slightly riskier area above 6270 for me. Will not take a 1-hour walk on a beach and then will see what might happen next.
I hope the same thing happens than yesterday -> 100 points drop :-)
ReplyDeletebut usually fridays there is no trend after 6 am, just volatile choppy market....
btw do you still look at the camarilla pivots 6271 the high of the day so far was camarilla H3, I looked at the pivots (L3,l3, h4,h3) and the last couple of days they provided some good exit points, so i might keep an eye on those exit levels. if you use them together with volume information, they provide good stop and reverse spots...
ReplyDeleteHaven't looked camarilla pivots. They are on one of my dax charts, but haven't traded them. They always work, except when they don't. It would be awesome if L3/H3 held most of the time, but unfortunately they don't. :-)
ReplyDeletethats true for every pivot :-) without confirmation with volume you never know when the move is over...
ReplyDeleteJust out of curiosity where would you now exit the long trend? double top or above 6277?
I don't care much for double top's. Only when they are very obvious and simple. But will not usually look for them in order to enter/exit my trades. They could only work as a confirmation element for me.
ReplyDeleteIt's tricky right now. If I were long and wanted to maximize my profit, then I would exit at 6260ish. If I want to risk and go after 6290, then I might exit at 6245-6250ish.
But it's difficult. We're quite close to U.S. open and 8.30 am news. I'm not sure if the up-trend continues or not. That's why I took out my longs at 6269 and 6255. I didn't see DAX breaking 6270 right away and didn't see the extra potential 20 points worth the risk of maybe coming down 20-30 points before going up again.
But I think once we're at 6277, then we can go to 6290 right away.
strange, I made in fact more profit on the crude oil long side, so better run to the gas station to fuel up your BMW ;-) cu next week
ReplyDelete