Out +5 when on its way down.

Carpe diem: Intraday tactics for Dax and Dow

Right behind you boss. One mini long @ 10778pts. TP 20 No SL

Carpe diem: Intraday tactics for Dax and Dow

Usually on days like this, it sits on the 200sma on 1m chart, then bounces up again. But its no certainty, we are in the middle of the squeeze zone I mentioned earlier today: url

Carpe diem: Intraday tactics for Dax and Dow

Edging closer to that squeeze... We may head into low ATR days until the squeeze is popped. Top of the squeeze is approx 11,041pts (200sma) and bottom is 10,800 (bottom of trendline).

Carpe diem: Intraday tactics for Dax and Dow

The logic is as follows: A weak EUR, makes German exports cheaper for other nations to consume German products. So manufacturing/exporting companies like VW, BMW, Daimler, Continental, Adidas, etc etc sell more products and raise their revenues / ...

Carpe diem: Intraday tactics for Dax and Dow

EUR is tanking, now 1.068 against the USD. Dax is moving strong.

Carpe diem: Intraday tactics for Dax and Dow

We are moving into a major squeeze on the Daily Chart. Where the following will intersect: 200sma, 20sma, current up trend line and long term trend line of Dax peak's. Might be a good idea to set traps above (eg Longs) and below (eg Shorts) as we ...

Carpe diem: Intraday tactics for Dax and Dow

That's a really good chart, thanks for posting.

Carpe diem: Intraday tactics for Dax and Dow

Partly true and partly not. US has a deep Bond and Treasury market, so some investors across all markets could move from Equities to US Yields (it happens with a lot of corporations that have global operations, and high net worth individuals). But, ...

Carpe diem: Intraday tactics for Dax and Dow

Thanks bro Ended up +43.5% on account - cant complain

Carpe diem: Intraday tactics for Dax and Dow

Although this is pre -VW saga (from March to May 2015), here is something to consider. This was averages of the Daily Dax High, versus the Daily Low of the EURUSD (Germany's main exporting nation): EUR/USD - Daily Low VS Avg Daily High Dax 1.04 - ...

Carpe diem: Intraday tactics for Dax and Dow

EURUSD down to 1.071; that explains enough, Dax could go higher. But we hit my second target level, which was 200sma on Daily Chart. Posted that target a week or two ago.

Carpe diem: Intraday tactics for Dax and Dow

That was superb... Came home. Bagged a nice +20. I love you my sweety pie Dax30.

Carpe diem: Intraday tactics for Dax and Dow

Out for +3 only. Dont want the risk, should've exited at 20.35 AEST when it hit 200sma. +38% on account this week. can't complain. trade safe and have a good weekend. Kali Nichta, Dobre Vecer, Auf Wiedersen, Good night!

Carpe diem: Intraday tactics for Dax and Dow

Hurry up Dax30 - I need to got out soon

Carpe diem: Intraday tactics for Dax and Dow

Trading @ dinner these days in the summer.... Need to move west! I'm still long, looks like a failed W chart pattern under 200sma on 1m. Hmmmm... i still think it will touch 200sma on 1m, might exit then or BE...

Carpe diem: Intraday tactics for Dax and Dow

Price action looking bad - i should know not to drink wine and trade on friday's!

Carpe diem: Intraday tactics for Dax and Dow

I'm with you brother 10854 Long

Carpe diem: Intraday tactics for Dax and Dow

If it breaks one of those trendlines convincingly, then yes, this market could pullback a bit... But still think its a bull market from here to next several months.

Carpe diem: Intraday tactics for Dax and Dow