We hit resistance right on 1H - 200SMA. Now we have resistance at 1M - 200SMA. As mentioned.

Carpe diem: Intraday tactics for Dax and Dow

And the bears have come out to play in pre-trade hour. China stock market down today.

Carpe diem: Intraday tactics for Dax and Dow

RIP Bowie. One of my Favs. video video video

What kind of music you hear while you trade?

Very strong china trade data today. EUR dropping also. We've had a bullish reversal, and I think it will continue pretty strong today. I see 10,200 on the cards today, and this counter-rally should get to at least the 50% Fib of 10,249pts. I'm ...

Carpe diem: Intraday tactics for Dax and Dow

Looks like a bullish reversal heading into counter-rally mode, breaking yesterday's high and 7sma on Daily.... Interesting. As mentioned earlier today, I'm more concerned when the Yanks go online and NYSE opens.

Carpe diem: Intraday tactics for Dax and Dow

This obviously didnt worry the European stock buyers! Broke yesterday's high, and very close to breaking the 7sma on Daily for first time since End of Dec 2015.

Carpe diem: Intraday tactics for Dax and Dow

The old Dr Copper, the base metal that gives a signal of the strength of world economic growth due to its multipurpose use in construction, electronics, cars, etc has now dropped below USD2/lb; which it hasn't done since the 2008/2009 crisis. Oil ...

Carpe diem: Intraday tactics for Dax and Dow

Was waiting for 9815, but soon as I saw EUR dropping and break on 7sma on 2m to upside, I took long entries. 2 mini's for +15, 1 for +35.

Carpe diem: Intraday tactics for Dax and Dow

Keeping an eye on EURUSD in its bullish mode at the moment. Considering a long trade at 9815, which is roughly intra-day 50% Fib + 200sma on 2M. If we get there that is.

Carpe diem: Intraday tactics for Dax and Dow

Been watching the Dax break several levels of resistance this morning... A dropping EUR helps a lot. From most recent resistance levels to earlier in the day: 4H - 20 SMA DPP 1H - 20 SMA 5M - 200 SMA Fib 76.4% 4H - 7 SMA 1M - 200 SMA 1H - 7 SMA ...

Carpe diem: Intraday tactics for Dax and Dow

Quite possible, I see an interim low coming in between 13 - 18 Jan, and then another counter rally to upside for possibly two calendar weeks. Seems to link in with your thoughts.

Carpe diem: Intraday tactics for Dax and Dow

I noticed the large wick from the hammer on pre-trade hour open 14mins ago, and bought two mini's, set the TP for 40, and 8 mins later TP was hit. 9700 may hold for the early part of the session, but if it breaks, I'll be looking for support at 9600.

Carpe diem: Intraday tactics for Dax and Dow

Very strange PA on EURUSD atm, it should be falling not rising after strong NFP... I think its causing some probs for Dax right now.

Carpe diem: Intraday tactics for Dax and Dow

Excellent call... just about spot on, only 1pt away!

Carpe diem: Intraday tactics for Dax and Dow

Just hit that puppy once I saw that NFP. 5 mini's long for +20, 1 for +30, 1 for +45.

Carpe diem: Intraday tactics for Dax and Dow

I'm looking for a solid base at 9930s if we get there, but not sure it will drop that far, unless NFP takes it there, which is 200sma on 5m, and 20sma on 1H, and 7sma on 4H. Any break of this level, means its back in downtrend and the counter-rally ...

Carpe diem: Intraday tactics for Dax and Dow

I think it should hit around 10120, as that's the 20sma on the 4H, plus a Key Fib also. Its a confluence point.

Carpe diem: Intraday tactics for Dax and Dow

Yeah, I thought we had a bullish setup today, but watching EURUSD atm, and it seems to be rising again. Limiting upside on Dax at the very moment.

Carpe diem: Intraday tactics for Dax and Dow

Noticed we had a bit of a rebound on China Equities. My pre-day checks suggest we may have resistance around 10,118pts. I took some long trades at pre-day open around 9987pts, exited two for +20, exited the last one for +30. Was expecting a slight ...

Carpe diem: Intraday tactics for Dax and Dow

video

What kind of music you hear while you trade?