I'd put my money on the bulls today... but pullbacks are most welcome

Carpe diem: Intraday tactics for Dax and Dow

Yeah, I agree... Also about 2 hours ago, we had an inverted head and shoulders forming, and then it found support on 200sma with a nice hammer as you said on top of the hour about 1 hour ago (2pm CET).

Carpe diem: Intraday tactics for Dax and Dow

I know, exactly, I went off to watch a film instead...

Carpe diem: Intraday tactics for Dax and Dow

Seems well supported today the Dax, but its a junk range to trade the last 2 hours or so. I still favour upside. I think we will get some more USD strength when CPI data comes out in 30mins, might bring some buyers in European Equities, well when ...

Carpe diem: Intraday tactics for Dax and Dow

I'm expecting strong USD CPI data... it looks like CPI is starting to lift across the globe.

Spider's Den

Bought some more at 10,030pts. Exited most for total +5 each, seems market is undecided, and a bit of risk now to trade as reported falls in some European stocks today. Trade with care today. Also seems to be some resistance north of the 50% Fib of ...

Carpe diem: Intraday tactics for Dax and Dow

Long again at 10,056 x 2. TP is 10,097pts, just below 200sma on Daily.

Carpe diem: Intraday tactics for Dax and Dow

Re-entered with some more on early profit taking at 10,020. Exited 3 at 10,050pts, Exited 3 at 10,060pts. I adjusted the TP early by mistake. Oh well, will re-enter again I think.

Carpe diem: Intraday tactics for Dax and Dow

Long Dax 10,033pts. Target is 200sma on Daily, around 10,105pts. Good luck today

Carpe diem: Intraday tactics for Dax and Dow

Exponential Dax. Broken the top of the upward trend channel that's been in play since 8 April. We have also broken above the 20sma on Weekly. So interesting moment, will the sellers come out now?

Carpe diem: Intraday tactics for Dax and Dow

We hit the 20SMA on Daily. It looks bullish with the Dax at 9838pts already before the market even opens thanks to the Asian Session and OPEC and Russia agreeing to Oil production cutbacks. Question is, will it continue going higher from here!? ...

Carpe diem: Intraday tactics for Dax and Dow

Good chance of hitting the 20sma on Daily, currently at 9810pts. However, I'm known to get them wrong.

Carpe diem: Intraday tactics for Dax and Dow

Too hip. Hipsters Inc. video

What kind of music you hear while you trade?

We hit the 7sma on Daily, and it seems we could drop again... But anything can happen with these unpredictable markets, especially with Oil up 5% today, could bring the Bulls out on Wall Street.

Carpe diem: Intraday tactics for Dax and Dow

I had a short at 9650pts, but pocketed it for 10pts. I think the market needs to decide here whether we go bullish, with a nice hammer on Daily and break the 7sma @ 9672pts, or the 7sma on Daily forms as resistance for another bigger move south.

Carpe diem: Intraday tactics for Dax and Dow

Key resistance is the 4H 20sma @ 9582pts and Daily 7sma @ 9660pts. We may climb to the first resistance level, but I do not expect the Dax to breach the second level. I do believe we will drop later in the day, in typical Friday fashion, possibly ...

Carpe diem: Intraday tactics for Dax and Dow

Spot on again. Time series really works. Big advocate.

Carpe diem: Intraday tactics for Dax and Dow

Same trend line from yesterday, holding as support for today..... Zoomed in on second image, missed the last buy, was at the pub haha

Carpe diem: Intraday tactics for Dax and Dow

Bought a stack at 9630, which was a inner trend line from yesterday. Exited +10, +10, -2, +40. But it appears I should've held longer. That was nice run up.

Carpe diem: Intraday tactics for Dax and Dow

Long one mini at 9652pts. trying my luck, may cut it early. will add positions below if we go lower.

Carpe diem: Intraday tactics for Dax and Dow