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Swing Trades DAX/DOW/NQ/GOLD

  • #12,801
  • Edited 10:45pm Aug 14, 2023 10:17pm | Edited 10:45pm
The (little) rebound in the NQ & SnP are relative small if compared with the longer time frame charts.
But the Yest. +/-1% rebound was perfect to take as a Scalp trade.

When 2 different Time Frame charts give " conflicting" info, I only do Scalp trades.
Once the longer TF Swing charts show a clear up direction again, its time to look for Swing trades as well.

But it could be the beginning of a rebound.

NQ needs to get and stay above 15.400 zone
SnP needs to get and stay above 4520/25 zone
RUSSEL still very Bearish. Needs to get and stay above 1950

DOW still very sideways. No DOW trading till it shows some form of direction/trend. Now (so far) endless trendless.
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  • #12,802
  • Aug 14, 2023 10:54pm Aug 14, 2023 10:54pm
DAX also started with a nice BO Yesterday and a re entry @ 940/950 zone
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  • #12,803
  • Edited 11:07pm Aug 14, 2023 10:57pm | Edited 11:07pm
Look and wait for opportunities on the charts and do not trade on " feelings".

Feelings do not supply good trades. They cause losses only.

If you have no time and patiance to wait, better look for an other hobby with less financial risk.
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  • #12,804
  • Edited 2:21am Aug 15, 2023 2:06am | Edited 2:21am
FDXS Long 15.963
T1 +10/12p 8 lot
2 left SL BE
Closed BE last 2 lot

Up to 16K again?
Still to sideways/Bearish
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  • #12,805
  • Aug 15, 2023 2:42am Aug 15, 2023 2:42am
This is a Market Makers game, shooting on retial ducks.

Same as Yest. Push up the markets a little (make retailers believe they found the bottom) and let it drop as a brick again/take out all the retailers SLs.

There is NO trend in the DAX, except sideways noice, created by sharks having happy meals in this zone.
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  • #12,806
  • Aug 15, 2023 2:48am Aug 15, 2023 2:48am
Quoting Dutchy Daxy
This is a Market Makers game, shooting on retial ducks. Same as Yest. Push up the markets a little (make retailers believe they found the bottom) and let it drop as a brick again/take out all the retailers SLs. There is NO trend on the DAX, except sideways noice, created by sharks having happy meals in this zone.
let's see where they decided the bottom is. I've been fooled at 15840 CASH
  • #12,807
  • Aug 15, 2023 2:53am Aug 15, 2023 2:53am
Quoting kilopip
{quote} let's see where they decided the bottom is. I've been fooled at 15840 CASH
Keep in mind that the DOW still has a GAP to close below.
If the DOW wants to complete that mission, the DAX will likely follow.
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  • #12,808
  • Aug 15, 2023 3:00am Aug 15, 2023 3:00am
MYM Short 35.197
T1 +15p 6 lot
4 left
T2 +28p 2 lot
2 left/SL BE

YM Short 35.195
Closed +20/22p 2 lot

Targets:
35.125
35.050
GAP down to 34.850
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  • #12,809
  • Aug 15, 2023 3:01am Aug 15, 2023 3:01am
FDXS short 15.850
T1 +12p 3 lot
2 left/SL BE
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  • #12,810
  • Aug 15, 2023 3:14am Aug 15, 2023 3:14am
Quoting Dutchy Daxy
{quote} Keep in mind that the DOW still has a GAP to close below. If the DOW wants to complete that mission, the DAX will likely follow. {image}
Not familiar with Dow but by the sound of it it makes sense to follow it when trading DAX (?) It looks like the gap has been there for a while . If they were going to close wouldn't that US boys job ?
  • #12,811
  • Aug 15, 2023 3:14am Aug 15, 2023 3:14am
Quoting Dutchy Daxy
MYM Short 35.197 T1 +15p 6 lot 4 left T2 +28p 2 lot 2 left/SL BE YM Short 35.195 Closed +20/22p 2 lot Targets: 35.125 35.050 GAP down to 34.850 {image}
DOW needs to break out below the 35.100/MPP zone in order to fill its GAP

With this down bar it turns more weak/bearish, but still MPP and 35K as SP zone

These moves are summer blues.
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  • #12,812
  • Edited 3:36am Aug 15, 2023 3:24am | Edited 3:36am
Quoting Dutchy Daxy
Asian markets tumbled on Monday, with the Chinese yuan nearing its lowest level since the end of June (also the year's minimum). Caution dominates European exchanges and US equity futures. China's 5-year credit default swap rate rose 5 basis points on Monday, reflecting the growing concerns in the country's financial sector, particularly the increasing risk of default for major developer Country Garden The markets remains calm as they awaits fundamental information from the Federal Reserve and the US economy. Retail sales data in the US (scheduled...
CENTRAL BANKS
Russian central bank jacks up interest rates to 12% at emergency meeting after ruble plunge.

A lot is happening at the moment.
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  • #12,813
  • Edited 3:52am Aug 15, 2023 3:27am | Edited 3:52am
Quoting kilopip
{quote} Not familiar with Dow but by the sound of it it makes sense to follow it when trading DAX (?) It looks like the gap has been there for a while . If they were going to close wouldn't that US boys job ?
The DOW GAP was made on July 18th in a wild up move.
GAPs are in general made during a fast and furious BO.
A TPO GAP is very different from a Daily GAP
From July end only sideways PA in a narrow range in the DOW.

Sentiment seems to turn into the summer blues sentiment.

No idea who is pushing markets down. Institutions/Algo's/Retailers......
There is no real trigger to let markets plunge, so sentiment is changing for whatever reason.

Monthly/Weekly TPO GAPs are filled 99% of the time.
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  • #12,814
  • Aug 15, 2023 3:44am Aug 15, 2023 3:44am
FDXM Long 3 lot 15.839
Closed +18p 3 lot @ DS1

FDXS still 2 lot running 15.842
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  • #12,815
  • Aug 15, 2023 3:46am Aug 15, 2023 3:46am
MNQ Long 4 lot 15.209
T1 +12p 3 lot
1 left SL BE

The first BO the MA channel (white bar) is 90% of the times a fake BO
The next BO is often (much) better. But with this low Vol trading its hard to teel what is good or not.
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  • #12,816
  • Aug 15, 2023 5:04am Aug 15, 2023 5:04am
More disturbing news:

FINANCE
Fitch warns it may be forced to downgrade dozens of banks, including JPMorgan Chase.

The credit rating firms relied upon by bond investors have roiled markets lately with their actions. Last week, Moody’s downgraded 10 small and midsized banks and warned that cuts could come for another 17 lenders, including larger institutions like Truist and U.S. Bank. Earlier this month, Fitch downgraded the U.S. long-term credit rating because of political dysfunction and growing debt loads,
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  • #12,817
  • Edited 5:28am Aug 15, 2023 5:15am | Edited 5:28am
MYM Short 35.192 10 lot
T1 +14/15p 2 lot
8 left
2 more closed +15p
6 lot left
T2 +35p 2 lot
4 lot left
T3 +50/52p 2 lot
2 Left/SL BE

YM short 2 lot
T1 +14p 1 lot
1 left SL BE
Closed +38p last YM lot

35.150<>050 = SP zone. MPP/WS1
Below 35.100 the 35.000 is SP zone
Below the 35K the road for the GAP close is free
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  • #12,818
  • Edited 5:36am Aug 15, 2023 5:22am | Edited 5:36am
MES Short 4483
T1 +4p 2 lot
T2 +6p 2 lot
2 left
1 lot closed +6p
1 left SL BE
Closed +5p last lot

ES 1 lot short and closed +6p

4475<>4470 likely SP zone.

Down target 4450 zone
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  • #12,819
  • Aug 15, 2023 6:19am Aug 15, 2023 6:19am
FDXM Long 15.781 2 lot
T1 +14p
1 left SL BE
Closed +17p last lot at 800 BRN zone

FDXS Long 15.775
2 lot left running for 15.850. .......maybe
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  • #12,820
  • Aug 15, 2023 7:09am Aug 15, 2023 7:09am
Quoting Dutchy Daxy
MYM Short 35.192 10 lot T1 +14/15p 2 lot 8 left 2 more closed +15p 6 lot left T2 +35p 2 lot 4 lot left T3 +50/52p 2 lot 2 Left/SL BE YM short 2 lot T1 +14p 1 lot 1 left SL BE Closed +38p last YM lot 35.150<>050 = SP zone. MPP/WS1 Below 35.100 the 35.000 is SP zone Below the 35K the road for the GAP close is free {image}
DOW stalling at 35.100 MPP/WS1 SP zone
Needs 250p drop and the job is done.

DOW 35K zone is always a little difficult to trade. Super BRN (same as 15K in NQ and 4500 in SnP and 16K in the DAX)
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