Just a couple of articles on this topic that were in Today's local news. I expect provisioning to occur soon in Australian Banking, and I personally think Oil price will remain at these levels for some time. Having looked into the cost of production ...

Carpe diem: Intraday tactics for Dax and Dow

Hey Sixer, that's a really interesting post... Can you re-post with the Y-axis showing the Points?

Carpe diem: Intraday tactics for Dax and Dow

I took an early trade on pre-trade hour once I started to see price action going higher and the next level of resistance on my charts was about 80pts away, so I aimed for 50pts and got it - 9678 to 9728. Here are some key resistance levels: ...

Carpe diem: Intraday tactics for Dax and Dow

Yes, your logic serves you correct, the only "but", is if the Energy Sector starts to incur major losses, which causes job cuts, and corporate insolvencies in that sector, along with Bad losses to Financiers, and Investors. Loss of capital can take ...

Carpe diem: Intraday tactics for Dax and Dow

Possibly not the same moves across different Indices, probably the Dax is least affected, if anything falling Oil/Gasoline/Petrol prices will probably increase the demand of cars and possibly the exports from German auto industry. However, I'd say ...

Carpe diem: Intraday tactics for Dax and Dow

You may be possibly right, Oil price seems to be hovering around USD30/bbl again today. If there is one thing to be mindful, allow a couple of days for the market to digest this information, I learnt the hard way by taking a big loss the day after ...

Carpe diem: Intraday tactics for Dax and Dow

Yep, confirmed... More Oil Supply with Iran Sanctions lifted, expect Oil price to drop early this week, and Equities to drop further. url

Carpe diem: Intraday tactics for Dax and Dow

I'm curious about this comment, as I'm not sure this is correct. Do you have any details on this? As far as I am aware the ECB's asset purchasing programme is to inject liquidity into the European Financial system through the purchase of various ...

Carpe diem: Intraday tactics for Dax and Dow

I too have noticed this two week pattern of the market going up and followed by two weeks of the market going down and vice versa, and come Monday, based on this pattern, it is expected that the markets will start to lift. I also noticed that the ...

Carpe diem: Intraday tactics for Dax and Dow

Seems as though the EUR pairs are really effecting the Dax today... I wonder what stocks are bought and sold by the Algo's in connection to movements on the EUR pairs.

Carpe diem: Intraday tactics for Dax and Dow

Took the first trade this morning for 20pts. Entered at 9730pts on the hammer on 1m, then exited at 9750pts just as it approached the 20sma on 1m, usually a good resistance point and to me, banking the trade is a lower risk as there is a chance the ...

Carpe diem: Intraday tactics for Dax and Dow

Interesting setup today. Daily TF shows an Inverted Hammer next to a double bottom, could be a bullish reversal signal, but there is a bit of resistance ahead and Asia session was down again. EUR staying flat around 1.088. Weekly TF looks a bit ...

Carpe diem: Intraday tactics for Dax and Dow

We pretty much got some support right down the bottom of the Fib around 9610-9620. Below that and its just the BRN's. Unless we get a reversal today, Daily looks a bit bearish. Then again, its almost a double bottom with 11 Jan low, so its all up ...

Carpe diem: Intraday tactics for Dax and Dow

Looks like we have a bullish EURUSD today... Just keep an eye on that, I have some resistance near at 20sma on Daily near current price, but I think its heading to 1.096 on my charts...

Carpe diem: Intraday tactics for Dax and Dow

Seems like too much resistance for now too close to the price... Going to wait for a long opportunity.

Carpe diem: Intraday tactics for Dax and Dow

Ok, looks like I missed a good opportunity to buy in after-hours this morning in Australia. Not to worry, just have to work with what we have. Could be bullish to start given Asia session closed very strongly today. Looks like the Dax uptrend was ...

Carpe diem: Intraday tactics for Dax and Dow

I think I should've bought earlier in the day here in Oz, both the ASX (@ 4866) and Dax (@ 9722). Oh well, I still think the markets will move lower considering how they moved overnight.

Carpe diem: Intraday tactics for Dax and Dow

Next support I see is the BRN @ 10k, then the 7sma on Daily for uptrend to remain intact @ 9959pts. I'm calling it a night! Good luck!

Carpe diem: Intraday tactics for Dax and Dow

Just curious, do you traders want this pre-day analysis?

Carpe diem: Intraday tactics for Dax and Dow

Back to 1H - 200SMA again. Proving hard to crack.

Carpe diem: Intraday tactics for Dax and Dow