Maintaining short to target unless RSI stays above 40 on the 1 minute chart

Carpe diem: Intraday tactics for Dax and Dow

DAX - in the final 5th wave up having completed 3 waves of the 5th looking at 4th down to 10075 and then either 10324 and 10576

Carpe diem: Intraday tactics for Dax and Dow

Short at monthly 8 ema 120.315

USD/JPY Discussion

Is 16567 the top for DOW? Intersection of long time rising trendline and line joining more recent peaks

Carpe diem: Intraday tactics for Dax and Dow

Correction - return to above or slightly near the previous 1 minute bar - in this instance circa 9740

Carpe diem: Intraday tactics for Dax and Dow

DAX will wait for 5 sma to cross down over 15 and then return to the cross over and RSI is below 50 on the minute chart. Also USD/JPY below 120.941 A possible short at 9716 - an earlier cross over but RSI too high

Carpe diem: Intraday tactics for Dax and Dow

DAX descent is stalling where 5 & 15 sma on the minute chart crossed over at about 9 GMT

Carpe diem: Intraday tactics for Dax and Dow

I'm monitoring the strength of the USD v JPY as a boost to DAX. If USD/JPY falls below 8ema on the monthly i.e 120.548 then indices will fall. The range for dollar strength would be 120.941 to 121.2. Any rise in the range would raise DAX

Carpe diem: Intraday tactics for Dax and Dow

Any mileage in the fact that 50% retrace of this move up is the 15 Jan 2015 low at 9586.5

Carpe diem: Intraday tactics for Dax and Dow

The pattern at end of April depicts ending of 5th wave. There then follows an ABC correction. What follows is a decline to beneath the April low or so EW theory predicts. The decline has begun but can be joined where the trendine is touched again. ...

Cable Update (GBPUSD)

No guarantees but....

Cable Update (GBPUSD)

Looking to short at either R3 - intersect lower tramline or 61.8% retrace - intersect upper tramline

Cable Update (GBPUSD)

H&S in wave 4 on both DAX & DOW having already retraced 50% from base. Is that not indicative of a massive drop once base line is breached?

Carpe diem: Intraday tactics for Dax and Dow

image The green line is the 200ma When I was having trouble posting this I took a look at the chart and noticed some variations. The chart was redrawn and now the trendline mentioned is higher with a touch point in the region of 16430

Carpe diem: Intraday tactics for Dax and Dow

A partial chart was posted on page 568 but does not show daily

Carpe diem: Intraday tactics for Dax and Dow

Can't upload as security scan is taking forever

Carpe diem: Intraday tactics for Dax and Dow

Will the long term trendline hold on DOW cash at 16410 or are we due a drop like wise will DAX

Carpe diem: Intraday tactics for Dax and Dow

Should learn better ways of predicting wave 4 tops

Carpe diem: Intraday tactics for Dax and Dow

Still confident of shorts on DAX/DOW and USD/JPY s/l 16463/10290 & 120.5

Carpe diem: Intraday tactics for Dax and Dow

I believe that the DOW has reached its top as it has once again bounced off the long term trendline (lows of 2009 and 2011) which is now acting as resistance. Unless 16380 is broken then the crash will resume taking DAX with it

Carpe diem: Intraday tactics for Dax and Dow