Oh well back to the drawing board

Carpe diem: Intraday tactics for Dax and Dow

Entering short 10632 DAX cash s/l 10660 Target 10448

Carpe diem: Intraday tactics for Dax and Dow

It seems that I have been wedded to the idea that the DAX and DOW perform in concert. Perhaps not. Reexamining the DAX I realise that the recent low was in fact the bottom of wave 5 whereas with the DOW wave 4 has just completed. DAX is in an ABC ...

Carpe diem: Intraday tactics for Dax and Dow

Not as yet but certainly lower than 2009 low

Carpe diem: Intraday tactics for Dax and Dow

Revised my target to 10610 before drop

Carpe diem: Intraday tactics for Dax and Dow

Moved s/l to b/e

Carpe diem: Intraday tactics for Dax and Dow

RSI gets stronger every time DAX approaches 10125 so going long with s/l 10120 (DAX cash)

Carpe diem: Intraday tactics for Dax and Dow

I wonder if my earlier stop loss at 10125 is relevant - see hourly chart above

Carpe diem: Intraday tactics for Dax and Dow

closed

Carpe diem: Intraday tactics for Dax and Dow

Did enter a short after closing my longs but dont think its got legs. Probably close at 10185 Edit: criteria for staying short is maintaining below RSI 40 for a full minute

Carpe diem: Intraday tactics for Dax and Dow

Quite a good 3 min bear candle just posted. Now looking for a further drop then return to the 5/15 crossover and RSI below 50 on the 1 minute with a s/l at 10210

Carpe diem: Intraday tactics for Dax and Dow

I tend to use the the cross over points as entry points and looking back, say in a short entry, to where they previously crossed for an exit. RSI 40 on the 1 minute chart I think is influential and tend to be more cavalier with this as opposed to ...

Carpe diem: Intraday tactics for Dax and Dow

Some years ago I found this advice. " (5 & 15), + RSI and stochastic. When slow line (MA15) goes below fast line (MA5) and RSI is above 50 the system raises a Buy signal, I check with stoch and if they are in same direction I will consider this as ...

Carpe diem: Intraday tactics for Dax and Dow

Going long but wary of the 50 ema on 1 minute chart

Carpe diem: Intraday tactics for Dax and Dow

Will try long as mentioned but when RSI above 50 Edit: or retraces above trendline and above 50 RSI on the 1 minute chart

Carpe diem: Intraday tactics for Dax and Dow

Missed the drop below but still holding as bounced off 38.2 retrace

Carpe diem: Intraday tactics for Dax and Dow

Went long just above trendline previously stated as bold but will cancel if falls below

Carpe diem: Intraday tactics for Dax and Dow

target?

Carpe diem: Intraday tactics for Dax and Dow

Being optimistic and moving short at 10129 to B/E

Carpe diem: Intraday tactics for Dax and Dow

Its the trendline in bold that might hold up any further descent

Carpe diem: Intraday tactics for Dax and Dow