Traps hit... long at 10579, SL 10, TP 50.

Carpe diem: Intraday tactics for Dax and Dow

See a potential breakout on the cards with a wedge ranging from 10578 to 10643 to begin the day with the Dax. However, EURUSD has broken back into a weak uptrend, which may limit the upside to the Dax if a break north of the wedge. A break below ...

Carpe diem: Intraday tactics for Dax and Dow

Best of Luck!

Carpe diem: Intraday tactics for Dax and Dow

Btw... look how the price action has bounced off the Fibs to perfection from XO swing high to swing low in the last two hours. Too me, that suggests the algo's are stepping in at the various Fibs when there is moderate market movement south.

Carpe diem: Intraday tactics for Dax and Dow

Yesterday I was quite bearish around this time, and just looking at the Dow and SP500 on Daily, it just looks a bit bearish, if we break 17400 and 2040 in these markets then I expect a big move south on these markets dragging the Dax. Not sure ...

Carpe diem: Intraday tactics for Dax and Dow

Looks like a break out on cards very soon!

Carpe diem: Intraday tactics for Dax and Dow

Just as we are heading into FOMC on 17 Dec, I'm expecting markets to remain a bit jittery with the occasional rally reliefs after big dips. Here is a post I noted a while back, it gives examples of the SP500 and what it did pre and post rate hikes. ...

Carpe diem: Intraday tactics for Dax and Dow

Exited 6 mini's at 10560s, +40 Exited 2 mini's at 10580s, +65 Exited 2 mini's at 10600, +85 When I saw it dip at XO, I was still confident the bulls would emerge. So I doubled up. Should go higher, but it can run out of puff. EUR is dipping which is ...

Carpe diem: Intraday tactics for Dax and Dow

I can see some potential resistance at 10588, which is 7sma on 4H, if it clears this, then it should close the gap.

Carpe diem: Intraday tactics for Dax and Dow

Today, I think we may get some temporary support at the BRN of 10,500. I'm expecting some early buyers, that may take us to the low 10,600s in the early session; but then I see more downside right through to the next FOMC around 17 Dec. Low ...

Carpe diem: Intraday tactics for Dax and Dow

Stairway to heaven = EURUSD video Cat - I want you dressed up in a reindeer outfit haha

Carpe diem: Intraday tactics for Dax and Dow

EUR new highs for the day... so which one ? image

Carpe diem: Intraday tactics for Dax and Dow

I'm expecting EURUSD to hit 1.1050. Maybe in the next day or two. But we'll see.

Carpe diem: Intraday tactics for Dax and Dow

I'm bearish on this market for the next couple of days. I'm looking for a big move south later today if the EUR continues to go higher.

Carpe diem: Intraday tactics for Dax and Dow

Today could be a rebound day, but always play with caution if the EUR is rising. We have touched the 10600-10620 region three times the last 5 days, and has been holding as support. I wouldn't be surprised if we sell down later today and test this ...

Carpe diem: Intraday tactics for Dax and Dow

EURUSD up, and Dax down... Really lacking the buyers on the Dax today. Equities are a sea of red at the moment.

Carpe diem: Intraday tactics for Dax and Dow

Keeping an eye on EUR pairs carefully here. Checking EURUSD on 4H, we see that the 20sma has not been broken, so to me its still ranging but can swing to upside as its sitting above 200sma. This may cause some early selling on the Dax today, but I ...

Carpe diem: Intraday tactics for Dax and Dow

Yassou Sakis, My next point of confluence, which I think the Dax will hit is around (i)11066 and (ii)11103; which is where the (i) 38.2% Fib meets 20sma; and the (ii) 7sma over the top meets the upward trendline. I think the Yanks later today may ...

Carpe diem: Intraday tactics for Dax and Dow

Long some mini's at 10840, then 10815, +25. Long some mini's at 10860, +15 Long some mini's at 10870, +16 and +32. Good start to the week. Look for possible resistance in the range of 10,932 (200sma on Daily) and 10,955 (50% Fib from recent swing ...

Carpe diem: Intraday tactics for Dax and Dow

My spreads are still wide (7 ticks), appears IG Markets Aust is having some problems.

Carpe diem: Intraday tactics for Dax and Dow