And just glancing at the Daily TF on the Dax, there is a lot of historical support around 9800pts. I think we will approach this level by next week at some stage, but it will be nice and volatile so you could probably make money trading both ways ...

Carpe diem: Intraday tactics for Dax and Dow

Yeah, sorry I should've placed a post, but I took some buys just below the 20sma on Daily around 10055, i thought we were oversold then, banked them for 50. Trade safe guys, back next week for more fun!

Carpe diem: Intraday tactics for Dax and Dow

Looks like this analysis came in correct!

Spider's Den

Let me get back to the group with upcoming reversal dates... Need to analyse the charts again. Will converse with ThirtyTen as well. Thanks for the messages guys. Keep the posts going, its a good thread we have here.

Carpe diem: Intraday tactics for Dax and Dow

Pretty much spot on. Dax top on 31 May. SP500 almost double top on 30 May and 3 June DXY reversed hard this week, 31 May top. Time series, spot on. Use lower leverage, and hold trades next time +or-1 day.

Carpe diem: Intraday tactics for Dax and Dow

Very unfavourable move on EURUSD, not good for Dax... I will buy the dip, but not yet!

Carpe diem: Intraday tactics for Dax and Dow

Been there done that!

Carpe diem: Intraday tactics for Dax and Dow

Old news... this should be interesting, ECB pulling out all stops to create money supply and take away debt investments, meaning money must go somewhere - risky assets (property or stocks) or consumption. Will be keen to see what purchases the ECB ...

Carpe diem: Intraday tactics for Dax and Dow

From ECB website: As a next step, on 8 June we will start making purchases under our corporate sector purchase programme (CSPP). Moreover, starting on 22 June, we will conduct the first operation in our new series of targeted longer-term refinancing ...

Carpe diem: Intraday tactics for Dax and Dow

OPEC supply quota fails... Let's see if we have excess supply of Crude Oil as reported out of US data later today, and perhaps can drop Oil price and US Equities. Although, I think the supply/demand may have re-balanced a little of recent.

Carpe diem: Intraday tactics for Dax and Dow

I had reversal dates earmarked on 30 May (which was a public holiday, so that would've made it 31 May), or 2/3 June. Could be good to Short rallies on that market. url

Carpe diem: Intraday tactics for Dax and Dow

Expecting a bounce for a scalp trade at 50% Fib and Daily 200sma at 10130-10133, but only a scalp, as it looks like we are heading back to 9800-10000 range again.

Carpe diem: Intraday tactics for Dax and Dow

Agree 100%... I was one day off on the calc, it works with high probabilities... its great stuff.

Carpe diem: Intraday tactics for Dax and Dow

yes, agreed, and very frustrating to trade today!

Carpe diem: Intraday tactics for Dax and Dow

It could go bullish here with the Yanks online soon. I see inverted head and shoulders on lower TFs, could go up. Reversal is near I reckon though.

Carpe diem: Intraday tactics for Dax and Dow

10m and 15m 200sma has been excellent for long entries on the Dax in the last week. so watch those levels carefully.

Carpe diem: Intraday tactics for Dax and Dow

Sometimes these time series dates can be off by a date... So anything is possible today, but I think up. Today in the news Moody issued a negative outlook on China's banking system, and this is a major risk that could flare, however, this risk is ...

Carpe diem: Intraday tactics for Dax and Dow

Today opened higher than yesterday's high, so I am gunning with Longs until 2/3 June possible reversal date based on time series. Long already at 10362, but will monitor closely.

Carpe diem: Intraday tactics for Dax and Dow