Yeah, that's why i'll take it to just below that target zone. See resistance at Weekly 20sma around 10080 area too.

Carpe diem: Intraday tactics for Dax and Dow

Long @ 9990pts. TP is @ 10,050pts.

Carpe diem: Intraday tactics for Dax and Dow

Think we are going up today. Main resistance is BRN of 10,000pts, and Weekly 20sma of 10,083pts. Key supports (Bold* is the buy zone if we get the dip): 9,977.60pts: 1H - 7 SMA 9,976.70pts: 1M - 200 SMA 9,967.90pts: 5M - 200 SMA 9,967.50pts: 1H - 20 ...

Carpe diem: Intraday tactics for Dax and Dow

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Carpe diem: Intraday tactics for Dax and Dow

I'm expecting the markets to drop on the dates of 29/30 March. Well the Dax30 at least. There are large 90 day, 120 day and 180 day counts from previous interim highs and lows all repeating on the dates above. To me this suggests a market reversal ...

Carpe diem: Intraday tactics for Dax and Dow

Belgium Nuclear Plant being evacuated... Holly crap balls.

Carpe diem: Intraday tactics for Dax and Dow

Attacks in Brussels. Possibly terrorism. Airport and Metro. Explains heavy selling.

Carpe diem: Intraday tactics for Dax and Dow

And Weekly 20sma was the spot to exit

Carpe diem: Intraday tactics for Dax and Dow

1H 200sma was the perfect entry for Longs today after XO. Its been a good entry for quite a few days in the past month.

Carpe diem: Intraday tactics for Dax and Dow

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What kind of music you hear while you trade?

Bullish start to pre-trade hour... could be a Frankfurt Fakie, but who knows, EURUSD weakening nicely.

Carpe diem: Intraday tactics for Dax and Dow

Daily TF MACD suggests we go lower today, but not really sure, as upper trend channel still intact. I'd be looking for these potential supports if we do venture down at XO: 9,872.70pts: 5M - 200 SMA 9,868.30pts: 1H - 20 SMA 9,831.50pts: 1H - 200 SMA ...

Carpe diem: Intraday tactics for Dax and Dow

Today's low of 9,747pts, was very close to the 23.6% Fib of Swing Low 8,700pts to Swing High of 10,070pts. It was also the bottom of the trend channel that I have. Let's see if it holds. Looks a bit bearish though, MACD, and beneath 7sma currently ...

Carpe diem: Intraday tactics for Dax and Dow

For those that trade US Equities, I find this is a good website to track Quarterly Earnings: url As you can see, Q4 FY2015 SP500 Corp Earnings largely beat expectations, but Q4 earnings are down 26% on the previous Q4 FY2014. Annual EPS is down ...

Carpe diem: Intraday tactics for Dax and Dow

Yes, 100% true. Always look at the price action at the time to make your trading decisions. Pre-market opinions and targets are a bit of postulation, so price action should override those pre-market judgements. Glad you got positive points. ...

Carpe diem: Intraday tactics for Dax and Dow

I'd say its delayed, but as the Fed has reduced its rate hike targets, this is positive for Equities as you effectively get lower yields on Fixed Income. So its kind of a mix bag of good news and bad news that the markets need to digest today.

Carpe diem: Intraday tactics for Dax and Dow

I bought more long entries on 200sma on 5m at 10,008pts.... Closed the losing trades with a few of the ones I opened for net trades of breakeven, then left the rest open and closed at 200sma on 1m. Not ideal trading, but still took positive pips.

Carpe diem: Intraday tactics for Dax and Dow

Yeah trade with care guys.... This USD weakness may cause some market havoc to begin with it seems.

Carpe diem: Intraday tactics for Dax and Dow

My only concern today is EURUSD looks bullish, as 2m 20sma is holding as it moves higher. This will limit the upside on the Dax.

Carpe diem: Intraday tactics for Dax and Dow

I took 20pts earlier and exited at 10064pts, and added another at 10068pts. Will be looking for entries on 20sma on 5m, and/or 200sma on 1m. If we get there.

Carpe diem: Intraday tactics for Dax and Dow