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derekw replied May 18, 2016M1 Chart. We at support, but so close to top of down channel, I think it may be easier to collect sells on M1 resistance?
Carpe diem: Intraday tactics for Dax and Dow
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derekw replied May 18, 2016Hi. Today I see on H4 that we finally are breaking out of this long term wedge. I think I'm shorting today, and if this really breaks the wedge to the downside, then perhaps very big moves. My arrow is not for today, because this is an H4 chart ...
Carpe diem: Intraday tactics for Dax and Dow
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derekw replied May 17, 2016I think WTI tops soon at $50ish
Carpe diem: Intraday tactics for Dax and Dow
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derekw replied May 17, 2016So Sup 1 is next target for me. (was signing out when I noticed this). Sorry.
Carpe diem: Intraday tactics for Dax and Dow
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derekw replied May 17, 2016also note the health of the MA's, which I should have taking into account. trading to short TM's without looking around enough!!!
Carpe diem: Intraday tactics for Dax and Dow
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derekw replied May 17, 2016This makes great sense. Note that the channel bottom coincides with the gap up of today. I'll short rallies again in this declining market. Summary of that up channel is probably loss of $80 from nett the longs that did work, after closing the last ...
Carpe diem: Intraday tactics for Dax and Dow
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derekw replied May 17, 2016M15. I have totally reversed my idea of an upward channel and re-drew the down channel, which now widens. I closed my losing longs and opened another short. I'd rather sleep on this. Equities are short on W1, D1 and, and, so I'd rather go this way.
Carpe diem: Intraday tactics for Dax and Dow
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derekw replied May 17, 2016M15. I have longs and shorts in but my channel is incorrect, so I think I'll retire tonight to escape the over trading problem! Good Wishes!
Carpe diem: Intraday tactics for Dax and Dow
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derekw replied May 17, 2016Went Long - adjust channel slightly flatter M1
Carpe diem: Intraday tactics for Dax and Dow
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derekw replied May 17, 2016So the shorts work out ok today for me:
Carpe diem: Intraday tactics for Dax and Dow
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derekw replied May 17, 2016Yeah I saw that post, but this was the channel I saw for today. Closed all shorts as I'm not sure we'll get that pivot and the gap is closed....
Carpe diem: Intraday tactics for Dax and Dow
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derekw replied May 17, 2016My target for today is now 9870ish
Carpe diem: Intraday tactics for Dax and Dow
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derekw replied May 17, 2016I think so but possible for one last press down to Daily Pivot and today's trading channel bottom?
Carpe diem: Intraday tactics for Dax and Dow
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derekw replied May 17, 2016I had today as a short day and so did well off that down leg. I'm re-entering shorts now at about 9970, expecting a target around 9895
Carpe diem: Intraday tactics for Dax and Dow
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derekw replied May 13, 2016friggin hell this was a successful day guys. My wife and I watched the shorts go into profit from our restaurant dinner. we drank Tequilas and it was fun. Came home now and closed out for the weekend. I have 3 short losers still in which Monday will ...
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derekw replied May 13, 2016nice I just went short at 9919 SL=BE
Carpe diem: Intraday tactics for Dax and Dow
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derekw replied May 12, 2016The triangle shows that 9895 is a significant number to the GER30 - does anyone know why? Also note how today's violent price moves confirm the trend lines again?
Carpe diem: Intraday tactics for Dax and Dow