BASF down about 3% today, today's major mover on the Dax - no surprises there.

Carpe diem: Intraday tactics for Dax and Dow

Yes, we probably will get a little bit of volatility over the next two weeks as we head into earnings reporting on Dax companies for Qtr3 2015.

Carpe diem: Intraday tactics for Dax and Dow

BASF Quarterly Earnings report, wouldnt be surprised if a little sell down to begin with today: url

Carpe diem: Intraday tactics for Dax and Dow

I think we've entered a bull market until remainder of this calendar year unless something drastic happens. Each bull market on the Dax has tracked along the 1x1.5 Gann Fan over the longer term; so the end of the year target range could lie anywhere ...

Carpe diem: Intraday tactics for Dax and Dow

You may be right Cat, it looks like it needs a breather after the last 24 hours (over 550 pts), and I see it gunning for the 200sma on Daily at the level you mention (11,115 on my charts). Another FX trader I know is indicating the EURUSD should get ...

Carpe diem: Intraday tactics for Dax and Dow

PBOC cut interest rates again by 25bs.... signs of weakness in china and more monetary policy stimulus. May sell down here the Dax... its gone up quickly

Carpe diem: Intraday tactics for Dax and Dow

I agree with D1. Plus I've looked at the company earnings in Q2 2015, and the vast majority of Dax companies had growing revenues due to a cheaper EUR. With Draghi in place, I expect the EUR to keep falling and Dax company revenues to keep rising.

Carpe diem: Intraday tactics for Dax and Dow

I dont like the idea of shorting this market at the moment... Why 740 exactly? Look at the 7sma being honoured, that's algo funds buying away. They'll scoop any dips in this market. The big clue today was sitting above the 200sma on the 1m, it was ...

Carpe diem: Intraday tactics for Dax and Dow

I was burnt by shorts also yesterday... Looks like its now making run for the 200sma on Daily, around 11,115pts. Maybe in a couple of days at this rate!

Carpe diem: Intraday tactics for Dax and Dow

Agreed, glad I managed to clear most of my losing hedge trades from yesterday to close to breakeven today. Will need to wait now for Yanks to go online.

Carpe diem: Intraday tactics for Dax and Dow

And Dax at its schizo best, complete turnaround.

Carpe diem: Intraday tactics for Dax and Dow

Seems to be honouring the 7sma to downside, which is a bearish start.

Carpe diem: Intraday tactics for Dax and Dow

Looks a bit bearish on 30m atm... but can turn around quickly during XO.

Carpe diem: Intraday tactics for Dax and Dow

I thought the Weekly was interesting also... 10689 is the 20sma, could be daily resistance.

Carpe diem: Intraday tactics for Dax and Dow

We had some really bullish momentum after the ECB meeting thanks to Draghi signalling the ECB may increase the QE in Dec 2015, it sent the Dax flying and EURUSD sinking. The old one-two punch. It appeared that the algo funds were buying each time ...

Carpe diem: Intraday tactics for Dax and Dow

Dax short again 10391, +20. Thanks for coming Super Mario.

Carpe diem: Intraday tactics for Dax and Dow

Hit some shorts at 10350, +30. Out in 30 secs. Thanks Draghi.

Carpe diem: Intraday tactics for Dax and Dow

Intersected with the 200sma on 1m, and she shot up again. We are also above the longer-term downward tend channel (black line). She's treading above water so to speak. I think Draghi can pump her higher today. Pardon the language.

Carpe diem: Intraday tactics for Dax and Dow

Interesting juncture. We hit the top of the downward channel yesterday around 10260. The daily cycles suggest we may have had an interim high around 20-21 Oct dates (instead of interim low), but this is no certainty. Can it break north of the long ...

Carpe diem: Intraday tactics for Dax and Dow

Very expensive mistake not to follow my own advice. Need to stick to my guns.

Carpe diem: Intraday tactics for Dax and Dow