Looks like another negative start to the day. Oil at key resistance of 200sma on 5m, not sure it will make a big move today, unless the Yanks buy at NY ET 8am again. Have noticed the Dax jumping about an hour before pre-trade hour, and now makes ...

Carpe diem: Intraday tactics for Dax and Dow

Bravo Bravo! Congrats I'm cursing that I was away from my computer for only 10mins, when it spiked with the Oil price about 2 hours ago. Totally missed that move!

Carpe diem: Intraday tactics for Dax and Dow

I think we could go as far as the BRN of 9500pts, which is near the 20sma on Daily TF, and also the bottom of the current uptrend channel. Today indicated that consumer confidence is lower in the no3 economy of Japan, yesterday showed lower investor ...

Carpe diem: Intraday tactics for Dax and Dow

I think we have a down day to begin with.

Carpe diem: Intraday tactics for Dax and Dow

Cat made a good point earlier, we have ECB this week and FOMC next week, so maybe we might get some de-risking ahead of these key meetings. Just a thought.

Carpe diem: Intraday tactics for Dax and Dow

I still favour buying the dips, but I see the 200sma on 5m @ 9798pts as a big hurdle for today. We have German factory orders data on Pre-trade Hour open, so may spike, and possibly cause a frankfurt fakie. If we can clear the 9800pts, then we could ...

Carpe diem: Intraday tactics for Dax and Dow

Looks like rate hike closer than we think US. Explains initial buying on good results, mainly Algo's, then a sell down once reviewed by market participants along with the bullish move by EURUSD. SP500 near 2000pts, so will be interesting to see if ...

Carpe diem: Intraday tactics for Dax and Dow

Gold @ 1274 and now broken the down trend channel that's been in play for the last 2-3 years. Too late to buy? Looks like buy the dips.

Only Gold!

Its been well supported around the low 9700, but the way EURUSD is travelling, I think we may test that level at some point today. Any upside is capped at approximately 9892pts, which is top of trend channel.

Carpe diem: Intraday tactics for Dax and Dow

I think EURUSD is about to head north again. Oil price is holding firm around 34/bbl. Not sure how the Dax will handle that.

Carpe diem: Intraday tactics for Dax and Dow

My fav song from Broken Social Scene: video

What kind of music you hear while you trade?

If we go higher today, I'd be looking for 9868pts as the possible top, which is the top of the new upward trend channel.

Carpe diem: Intraday tactics for Dax and Dow

Hey Jupiter13, I'm based in good old Melbourne.

Carpe diem: Intraday tactics for Dax and Dow

Not often. Being based in Australia, it get's a little late for me.

Carpe diem: Intraday tactics for Dax and Dow

A pullback over the next couple of days to any of the following wouldn't surprise me: 1. Bottom of yesterday's candle @ 9607, 2. 7sma on Daily @ 9536, or 3. 20sma on Daily and bottom of trend channel @ 9341pts. I have hedged trades at the moment, ...

Carpe diem: Intraday tactics for Dax and Dow

Agreed, however, I always forget to follow up by trading the Asia session the next day after such a bullish move in European/US Equities. Sometimes these really bullish moves requires 24 hour trading. We just broke the downtrend line that has been ...

Carpe diem: Intraday tactics for Dax and Dow

Whilst the next major SMA resistance is the 200SMA on Daily TF, which is @ 10,376pts; there is a major hurdle coming up, and we are very near it. Its the current downtrend line since 1 Dec 2015, which is intersecting with inner uptrend line that has ...

Carpe diem: Intraday tactics for Dax and Dow

As for trading ranges on an intra-day level, if its a sideways day, plot a Fib from Start of Pre-trade Hour to Now from the High and Low, and you may find that the Fibs are being respected as support/resistance on the day. Sometimes this helps too ...

Carpe diem: Intraday tactics for Dax and Dow

Yes, totally understand. I often use at least two price charts of the Dax, one on 1m to help with entries and exits, and the second chart to confirm entry/exit and trends on alternating 2m and 5m TFs. Then I occasionally, I look at 1H, 4H and Daily ...

Carpe diem: Intraday tactics for Dax and Dow

Hey Jupiter, Emotions can be one of the hardest things to manage during trading. Its not been a major issue for me, but I found that whenever I traded high leverage in the past, I could make excellent money, but then I'd have one bad day, and it ...

Carpe diem: Intraday tactics for Dax and Dow