Hey Tarantula, I would love your expert opinion on the immediate price targets for the EURUSD under the following scenario's and ahead of the US Fed Funds rate decision later tonight: 1. No rate hike, and no hint of rate hike in near future. 2. No ...

Spider's Den

PLUS - All Equities markets are up today, and Oil has rallied from below USD35/bbl only 2 days ago, to above USD38/bbl. Enough said from me. Having said all this, a break of the 7sma on Daily for me (10426pts), and its shorts on again.

Carpe diem: Intraday tactics for Dax and Dow

Certainly looking like to me that we've had the bullish reversal on the Daily chart, with a nice hammer, followed by green candles, and more importantly, a break of the 7sma on Daily, which I usually look for on lower TFs when I see the price below ...

Carpe diem: Intraday tactics for Dax and Dow

Ok I was a couple days early in my prediction... Cat - Found a Reindeer suit?

Carpe diem: Intraday tactics for Dax and Dow

Typical, I go to bed, make the prediction of the bounce and I don't trade it overnight! Hey it was 4am here, needed to get to bed at some stage. Asian markets bolted out of the gates about 12 hours ago when the oil price bounced and markets rallied ...

Carpe diem: Intraday tactics for Dax and Dow

We got very close to the 61.8% Fib of 10,118. Expecting a small bounce here, unless EUR strengthens, SP weakens and Dax tanks. This later is also a likely scenario too. Trade safe.

Carpe diem: Intraday tactics for Dax and Dow

I read this somewhere today: Hopes of a year-end rally could support the DAX. It begins on December 19 and ends on January 6 the following year. The German stock market posted an average price gain of approximately 3% in the last thirty years. ...

Carpe diem: Intraday tactics for Dax and Dow

Could be starting a bearish descent here... 200sma broken on 1m. EUR on rise.

Carpe diem: Intraday tactics for Dax and Dow

Re-entered with two other mini's around 10403 and 10378. Exited them all around 10418-10420. Having said that, should probably hit my target of around 10470. Just saw some resistance around 10420, but looks like we've cleared that now. Bummer.

Carpe diem: Intraday tactics for Dax and Dow

Yeah, I could probably see a push up to the 10470 territory this morning (61.8% Fib from Friday's swing high/low). Hoping for a dip on XO though. Have one mini long from 10368, TP 10468.

Carpe diem: Intraday tactics for Dax and Dow

Going to be really interesting to see where the price of Oil drops to, and where CAD will depreciate to. Followed by US Fed rate hikes, this pair looks like the bullish trend will continue...

USD/CAD

Gianni, Ti Kanis Re? What is your timeframe for that target? You'll be the biggest legend on FF if you hold and hit that target

Carpe diem: Intraday tactics for Dax and Dow

USD denominated debt in EMs is a wild card risk. The IMF is very concerned about this risk, especially if the USD strengthens again if US Fed hike rates. Its a double whammy making it far more expensive for EMs Debtors to repay those type of loans ...

Carpe diem: Intraday tactics for Dax and Dow

Hey D1, Do you ever consider increasing your TP when the Dax is down a lot of points like today (*300pts)? I often see +60 tick rebounds after the big dips within a 20min TF.

Carpe diem: Intraday tactics for Dax and Dow

Had a beauty to finish off the day. Long at 10381.5, Exit 10450.

Carpe diem: Intraday tactics for Dax and Dow

Bought the dip at 10439, very nice entries... Exit 3 mini's for around +30 each.

Carpe diem: Intraday tactics for Dax and Dow

I bought at 10514, once I started to see EUR starting to topple, and then banked it for +28, which was when I started to see EUR starting to rise, but I think Dax will still go higher here. It just hit 50% retracement from XO swing high / low @ ...

Carpe diem: Intraday tactics for Dax and Dow

But I'm waiting for that BRN of 10500 again for another buy attempt

Carpe diem: Intraday tactics for Dax and Dow

This is a really good point, couple that with the fact we cant break 200sma on 1m in first hour after XO, suggests we could be heading lower.

Carpe diem: Intraday tactics for Dax and Dow

SL hit

Carpe diem: Intraday tactics for Dax and Dow