Why I think the great Crash is here. SP500 is on the verge of a Crash based on the 7sma now crossing beneath the 20sma on the Monthly chart along with Bearish Divergence on MACD and RSI. These three indicators look very similar as it is now, in ...

Carpe diem: Intraday tactics for Dax and Dow

Blew my trading limits on pre-trade hour and nearly did my balls. Recovered it all in the last 2 hours. Hardcore trading. I think we may have some carnage over the next couple of days. I don't expect a solid reversal for another week.

Carpe diem: Intraday tactics for Dax and Dow

You would think that the Dax will break below the 10,000pts level, unless the Chinese Govt intervenes today and boosts their markets in the afternoon, causing other markets to rally this afternoon.

Carpe diem: Intraday tactics for Dax and Dow

Its pretty amazing these moves. I took a data dump of the Dax during March to May 2015, when the Dax was much higher. And for the days when the EURUSD was in the 1.07-1.08 range, as it is now, the average Dax price was 12,035pts. That is a whopping ...

Carpe diem: Intraday tactics for Dax and Dow

Yeah, it may be controversial too, because it involves a foreign company operating in the US, so it could be that US Govt may impose harsher penalties because its a foreign company.

Carpe diem: Intraday tactics for Dax and Dow

Yen appreciating in risk-off sentiment is classic market forces, as Yen is considered a safe-haven. Also, as the Japanese have carry-trades by borrowing heavily in Yen for little cost, and investing abroad for a net positive return. Once investments ...

Carpe diem: Intraday tactics for Dax and Dow

The other thing is, yesterday it was in the news that VW was being sued up to USD90Bn by the US Govt, and the price of VW dropped 5% yesterday, it will be interesting to see how VW can fund this, because their Mkt Cap is only EU62Bn currently, so ...

Carpe diem: Intraday tactics for Dax and Dow

Very possible. I'm expecting the JPY to appreciate quite hard in this risk-off environment, and I can see an all mighty pullback on the Nikkei.

Carpe diem: Intraday tactics for Dax and Dow

You would think that after the very average chinese economic data today from the world's no2 economy, that the 10,120pts interim low on the Dax should be taken out today.

Carpe diem: Intraday tactics for Dax and Dow

The fact that the EUR has been dropping the past couple days and so has the Dax, it gives me little confidence in the Dax over the next week or two. I think we will break lower than the 10,120 pts recent swing low. It looks like a classic Head and ...

Carpe diem: Intraday tactics for Dax and Dow

We are 5 calendar days into what appears to be a reversing market, the Dax seems to have swing cycles of approximately 15-20 days in the past several months, with the exception of September through to December 2015, which was a gradual rise. I think ...

Carpe diem: Intraday tactics for Dax and Dow

Its blown through a lot of the supports today already, and I see a lot of resistance above 10500. I see some support at 10412, which is the 61.8% Fib on the recent Swing Low to Swing High. But beneath that, its just the BRN's, and a double bottom at ...

Carpe diem: Intraday tactics for Dax and Dow

Yeah IG Markets allows early trading, but it has a large spread of 7pts before pre-trade hour, pre-trade hour drops to 2pts spread, then on XO it drops to 1pt spread. We have moved into a down trending phase now on the Dax, the swing high around the ...

Carpe diem: Intraday tactics for Dax and Dow

A few other favourites: video video video video video

What kind of music you hear while you trade?

Haha must be, loves Chuck Berry as well.

What kind of music you hear while you trade?

My Dad loves Fats Domino. His favourite.

What kind of music you hear while you trade?

New Wave and Indie Rock all the way; along with hints of classical, and world music thrown in for extra spices throughout the trading day. video video video video video video video video video

What kind of music you hear while you trade?

Soon as I saw it break 10700 after NYSE open, I hit 3 mini long trades @ 10705. As I had been waiting for this all day. It was moving a bit slow just below 10720s, so I banked 2 mini long's for +10 where the price was stalling, and left the ...

Carpe diem: Intraday tactics for Dax and Dow

10690s proving to be a bit of resistance all day. Maybe the Yanks can bust this market north on NYSE... or not. Let's see.

Carpe diem: Intraday tactics for Dax and Dow

Btw... if we can't clear 20sma today on Daily, then we are back in downtrend according to me, but not sure how deep we will go in the short term.

Carpe diem: Intraday tactics for Dax and Dow