10918 stumbling block to shorts as previous cross over of 5/15 ma on the way up

Carpe diem: Intraday tactics for Dax and Dow

A clue might be found with other markets such as FTSE 100 and EU Stocks. With the former I see a ceiling of 6400 - the next touch point for a rising tramline and possibly 6380 being daily 8 ema. The latter is demonstrating a very tight h/s with ...

Carpe diem: Intraday tactics for Dax and Dow

I set this up earlier today along similar lines as before and haven't really taken any notice as I have been busy elsewhere. Not bad identifying near stops

Carpe diem: Intraday tactics for Dax and Dow

It seemed the reaction to this level was quite severe this morning as I noted when it retraced to it at 61.8 fib. I placed a new s/l here and have now quit until I see a significant change

Carpe diem: Intraday tactics for Dax and Dow

Hopefully the 50% level at 10856 is tops

Carpe diem: Intraday tactics for Dax and Dow

and the upper tramline

Carpe diem: Intraday tactics for Dax and Dow

Maybe a retrace as I said before Should have watched the black line as well

Carpe diem: Intraday tactics for Dax and Dow

In at 10819

Carpe diem: Intraday tactics for Dax and Dow

b..... I leave my desk and miss the down turn and get taken out on my s/l. Now an expensive entry

Carpe diem: Intraday tactics for Dax and Dow

I had 10830 as a consequence of .618 of the drop from 10801.7 to 10754.7. Adjusted for spread Will also review if chart breaches 200 ema. Could possibly touch a few more times before rising

Carpe diem: Intraday tactics for Dax and Dow

A couple of shorts placed at 10829 with 15 point s/l - will alter my view if DOW cash crashes through 17724

Carpe diem: Intraday tactics for Dax and Dow

In the shorting zone perhaps 10830 to 10840

Carpe diem: Intraday tactics for Dax and Dow

.. and sometimes I forget the time of day - Wall Street open hmmm

Carpe diem: Intraday tactics for Dax and Dow

If this pans out then wave 1 down has completed with an ABC retrace in the form of wave 2 up. Then wave 3 begins and looking for the end of wave 2 within this wave 3 down. This wave within a wave will signal a massive drop After adjustments could ...

Carpe diem: Intraday tactics for Dax and Dow

Down to 10774.3 then up to 10818.6

Carpe diem: Intraday tactics for Dax and Dow

Are you saying the large move down from April is an ABC correction and that we are now in the C wave down or as I postulated the other day that having completed 5 waves down the move up is now an ABC correction and that we are now in wave B down

Carpe diem: Intraday tactics for Dax and Dow

Believe now in a bear market with DAX cash having retraced earlier today to 61.8 fib of the latest high. This is also 50% retrace of the high from April

Carpe diem: Intraday tactics for Dax and Dow

Looking for a move below 17690 on DOW cash and then next target of 17613. A move above 17758 will put that on hold

Carpe diem: Intraday tactics for Dax and Dow

Entering another short if retraces to 17680 and IG will give same bet to touch 17420

Carpe diem: Intraday tactics for Dax and Dow

Hopefully caught the top at 17705. Have moved my target to 17397 before retrace. Strike whilst the iron is hot with a binary one -touch. IG is offering 100 for a 6 bet to touch 17400 on DOW daily. Has to reach this by 20.59 GMT

Carpe diem: Intraday tactics for Dax and Dow