Have no issues shorting at those levels if we get there!

Carpe diem: Intraday tactics for Dax and Dow

I may be wrong, but I don't see us going to much higher than 10200. We seemed to have tested that a couple of times the past week with no clear breakthrough. Again, I may be wrong.

Carpe diem: Intraday tactics for Dax and Dow

I think Equities are coming to an interim high in next couple of days, so it should be a good opportunity to short the UJ and AJ soon and before Equities stumble. Yen seems to appreciate when Equities fall.

USD/JPY Discussion

Ha! I set the limit to 10,177, didnt waste a tick on that open.... Lucky

Carpe diem: Intraday tactics for Dax and Dow

I agree, it seems to be caught around the 7sma and 20sma on 1m, and below the 200sma. Although, it kind of was stuck in that range yesterday during pre-trade hour, and then it went kaboom on XO. Could do the very same today I think.

Carpe diem: Intraday tactics for Dax and Dow

Good summary. I also see the top of the long term down trend channel (on higher TFs - 1H and 4h) as another resistance level around 10,370 currently.

Carpe diem: Intraday tactics for Dax and Dow

That was the most impressive XO for a long while, it looked touch and go during pre-trade hour.

Carpe diem: Intraday tactics for Dax and Dow

Haha. That made me laugh. Happy B'day Cat Jnr.

Carpe diem: Intraday tactics for Dax and Dow

NZD = the "meat" currency?! One of its key exports I understand.

NZD/USD

Watch Crude Oil prices with this pair. Attached is the inverse of this pair (CADUSD) on a chart with Oil. Oil is a major export of Canada.

USD/CAD

Very low ATR today, suspect people are waiting for US data later today...

Carpe diem: Intraday tactics for Dax and Dow

yeah, you would think 1.15 may be resistance on EURUSD... tricky setup today IMO. Might wait for a breakout before hitting a trade on Dax.

Carpe diem: Intraday tactics for Dax and Dow

Quite possible, but I think US data later today will probably be poor, causing EUR to climb higher. Not so good for Dax. Dax is sitting on 200sma support on 1H, so it could go up from here, but I think we'll get a drop sooner or later today.

Carpe diem: Intraday tactics for Dax and Dow

EURUSD in major uptrend last couple of weeks, so I expect that to put pressure on the Dax30, possibly through to the 20-21 Oct possible interim low. You could say the latest wave up in the Dax30 to April 2015 was largely due to a weakening of the ...

Carpe diem: Intraday tactics for Dax and Dow

I am expecting the Dax to grind lower to at least the 50% Fib (9746) by 20-21 Oct. If we break the 50% and 61.8% Fibs, then I dare say new lows.

Carpe diem: Intraday tactics for Dax and Dow

Looks like uptrend line and 200sma is being tested, or broken should I say...

Carpe diem: Intraday tactics for Dax and Dow

A few posts to consider, I think this pair is ready for a breakout, and if my Equities analysis is right, they are both going south (*Equities and UJ): url url

USD/JPY Discussion

Good call, been in uptrend since the morning, and well above 200sma now on 1m.

Carpe diem: Intraday tactics for Dax and Dow

Fellow Spiders, I have a post showing the strong correlation between Equities and Yen pairs. ASX200 v AJ Nikkei v UJ Sometimes it helps to look at the direction of Equities markets on higher timeframes, and then use that in your analysis for Yen ...

Spider's Den

You may be interested in this.... ASX200 v AJ Nikkei v UJ Very strong correlation last 10-15 years.

AUD/JPY