Just FYI - Dax closing at 9519pts, has an Average PE ratio for 2016 of 14.66.

Carpe diem: Intraday tactics for Dax and Dow

Waiting for a counter-trend long trade at 9400pts @ 61.8% Fib if we get there sometime this week.

Carpe diem: Intraday tactics for Dax and Dow

I can't see a rate hike by the Fed ahead of the UK referendum. The earliest they may rise is July, but even that, I'm a little skeptical. Currently a 2% chance of a hike in June, and a 22% chance of a hike in July. You can track it here: url US ...

Carpe diem: Intraday tactics for Dax and Dow

Yeah, its also the 20sma on Weekly TF roughly. So its good support. Needs some high pressure selling to bust through it i think.

Carpe diem: Intraday tactics for Dax and Dow

Held some long entries around this level, but closed them a bit too early. Its nice support that trend line.

Carpe diem: Intraday tactics for Dax and Dow

Take a chill pill guys. Focus on trading.

Carpe diem: Intraday tactics for Dax and Dow

I have a nice trend line that may provide support (currently) around 9822pts, it may take a day to get there though. This trend line has held since 6 May low.

Carpe diem: Intraday tactics for Dax and Dow

Yeah, it can certainly go lower, but I'm not sure I'd short here... Best thing is to "stick to your guns" though, if you see the short trade with your system/strategy then why not.

Carpe diem: Intraday tactics for Dax and Dow

Once you lose, learn from it, don't worry about fears... as fears can turn you into a ... and once your a , then well, you can lose the $$ and go . Moral of the story don't fear and learn from your failures. Learn about ...

If you haven't made it yet, what makes you think you will?

Hmm... I can see why you are triggering short trades here, but I rarely short the Dax after its been sold down heavily for the day around the time NYSE opens, as the American funds can come out buying stocks straight after their open... It may have ...

Carpe diem: Intraday tactics for Dax and Dow

Looks like weakness to downside to me... Bad data from China and Japan, and a weaker close on US markets last night may have soured the sentiment, but ECB is buying Corporate Bonds for the first time today, so I expect some sporadic buying. Let's ...

Carpe diem: Intraday tactics for Dax and Dow

Agree on the above, I also have an additional interim reversal date on Dax for possibly on 24 June 2016 (day after UK (EU) referendum).

Carpe diem: Intraday tactics for Dax and Dow

Thanks. +160 pips so far, targeting around 500-700 pips. :nerd:

AUDNZD

I had a post when I first joined FF, it showed the SP500 when the Fed initiated rate hikes the last 3-4 times... Whilst it created short-term downside shocks to the SP500 at each hike, over the longer-term the markets went higher... url

Carpe diem: Intraday tactics for Dax and Dow

Personally I don't see a rate hike in June, mainly due to the risks surrounding a possible Brexit (which, i think is unlikely) as the UK Referendum is happening after the Fed's June decision.

Carpe diem: Intraday tactics for Dax and Dow

Hmm... not sure yet, she was slightly hawkish, but then she also outlined a lot of the known risks to make it a little vague... that's her typical vagueness style i guess

Carpe diem: Intraday tactics for Dax and Dow

I took this key message from Yellen's lengthy speech: "why I expect that further gradual increases in the federal funds rate will probably be appropriate"... Let's see how the markets respond to all that stuff.

Carpe diem: Intraday tactics for Dax and Dow

Reversal correct, first target support zone hit. Chart below.

Spider's Den

Opened first Long on AUDNZD @ 1.057. Very very low leverage, and whilst the knife may be falling, we have RBA and RBNZ next week. Its in a support zone here, and yes, it could drop to 1.04 easily, maybe even 1.02, but i'll add another position if we ...

AUDNZD

video

What kind of music you hear while you trade?