Just to refresh my views I see the DAX as in an ABC correction having made wave 5 bottom a few points below wave 3. The A wave is complete and wave B targets are above. The DOW is now in a wave 5 down and may emulate a low close to its wave 3. ...

Carpe diem: Intraday tactics for Dax and Dow

I only have daily pivots. Today 10809 with Support (S) level 1 at 10754 and S2 at 10704.6

Carpe diem: Intraday tactics for Dax and Dow

As with DOW cash have revised my targets on DAX to 10303 & 10130

Carpe diem: Intraday tactics for Dax and Dow

Moving my target down after some realignment to 17403 and then a bounce to 17509/17517 - DOW cash

Carpe diem: Intraday tactics for Dax and Dow

Short DOW cash 17636 s/l 15 Target 17415 s/l = b/e

Carpe diem: Intraday tactics for Dax and Dow

Still on target with the 50% area providing the short term bounce

Carpe diem: Intraday tactics for Dax and Dow

Call Options on Caterpillar far outweigh puts

Carpe diem: Intraday tactics for Dax and Dow

Reached previous cross over point for longs so could have a bounce from 10753/10758

Carpe diem: Intraday tactics for Dax and Dow

Scenario for a short setting up with 5 crossing 15 sma on minute chart - RSI below 50. Wait for return to top of candle just before crossover at around 10800. However could have missed the chance

Carpe diem: Intraday tactics for Dax and Dow

On a smaller time frame

Carpe diem: Intraday tactics for Dax and Dow

Resistance!

Carpe diem: Intraday tactics for Dax and Dow

That was painful

Carpe diem: Intraday tactics for Dax and Dow

Shorts entered with 35 point s/l

Carpe diem: Intraday tactics for Dax and Dow

Going down or not

Carpe diem: Intraday tactics for Dax and Dow

With DAX down to 10422 then upto 10589 with perhaps a return to 10825 after hitting 10767

Carpe diem: Intraday tactics for Dax and Dow

Still favouring a drop to 17415 for the DOW then up to 17517

Carpe diem: Intraday tactics for Dax and Dow

Playing the range but down to 17415?

Carpe diem: Intraday tactics for Dax and Dow

But is the DAX totally Euro dependant what about the USD. That is what if it falls against say the Yen

Carpe diem: Intraday tactics for Dax and Dow

FTSE 100 returned to my previous position for a short so will try again with DAX/DOW/ FTSE

Carpe diem: Intraday tactics for Dax and Dow

Should have waited til my other targets were reached before shorting. Had FTSE 100 to short at 6462

Carpe diem: Intraday tactics for Dax and Dow