I tend to use these indicators mainly for exiting trades; MACD being a lagging indicator, and RSI being a leading indicator. I also use the 7sma, 20sma, and 200sma on 1m and other TFs to understand the price action at the time. I try to use ...

Carpe diem: Intraday tactics for Dax and Dow

1H chart, sitting on 200sma, but has failed to break 7sma on the upside. I can see this going to at least 50% Fib - 9747 by 20-21 Oct. You can see the broken up trend-line from 12 Oct. Also, the bottom of the long term down trend channel appears in ...

Carpe diem: Intraday tactics for Dax and Dow

Yeah, I saw MACD and RSI looked prime for a buy at the BRN @ 9900... Given it was way below the 200sma on 1m, looked like it may make a dash for it.

Carpe diem: Intraday tactics for Dax and Dow

Just some thoughts...

Carpe diem: Intraday tactics for Dax and Dow

Appears to be solid support around 9930 so far....

Carpe diem: Intraday tactics for Dax and Dow

7sma broken now on 1m, could search lower or range below 200sma for a period of time...

Carpe diem: Intraday tactics for Dax and Dow

Don't really follow this pair much, but looks like a breakout on Daily... Could be time for some traps.

USD/JPY Discussion

Honouring the 7sma on 1m, looks like we are heading to 9980, 200sma on 1m. If its a bearish day, it should touch 9980 and head back down again...

Carpe diem: Intraday tactics for Dax and Dow

G'day, I'm expect Equities to hit a low too in 2016....

Carpe diem: Intraday tactics for Dax and Dow

I think it is going lower my friend, but good to take profit! Green pips are better than red ones. Suggest those that trade this pair to perhaps follow my posts, as I often post views on Equities (mainly Dax30) and are often a lead indicator on this ...

AUD/JPY

As per previous posts, I still think the Dax and Equities in general are heading lower until 20-21 Oct. I think we may have run out of steam at today's 50% Fib.

Carpe diem: Intraday tactics for Dax and Dow

Hard to say, but I'm expecting Equities to create a new interim low around 20-21 Oct 2015 (mid next week). So its probably going to take around a week from today for Equities and AUDJPY to hit new lows in my view. Equities tend to move in cycles ...

AUD/JPY

I trade Dax30 daily, attached is the daily chart, I expect new lows, breaking the lows of 24 August 2015 and 29 September 2015. Check what the AUDJPY pair traded on those dates... 82 is possible in my mind.

AUD/JPY

Expecting Equities to grind lower to approximately 20-21 October. If Equities test new lows, then I think AUDJPY could breach 82. Bold statement, but can be done if Equities moves south.

AUD/JPY

Should've posted these into this thread... First was a post last week, suggesting we are about to hit an interim high on Equities and with another move lower: url Followed by another post explaining the strong correlation AUDJPY has with Equities, ...

AUD/JPY

Yes, looks like its heading south on 1H chart with a clear break to the trend line (attached). Wouldnt be surprised if we moved sideways first before heading lower again. Also, overnight the AUDJPY moved south 80 pips, refer to previous post: url ...

Carpe diem: Intraday tactics for Dax and Dow

Not sure if we have any currency traders in this thread, but when Equities break to the downside on higher TF's and look like they are on the decline, there is a strong correlation with the AUDJPY pair. Normally the AUDJPY pair will tank with it. ...

Carpe diem: Intraday tactics for Dax and Dow

url My mate suggested an interim high on 8-10 Oct, well 10 Oct was a Saturday, so technically it could've been 12 Oct as an interim high. US bank holiday, so I dont expect US buying later in the day. Current uptrend looks to be broken on 1H chart, ...

Carpe diem: Intraday tactics for Dax and Dow

Took some mini longs earlier this morning. Decided to exit at 10117 at the first red candle on 1m, which was a mistake and deviation from my strategy as it never broke the 7sma line as it soared above the 200sma, and it... continued higher. Anyway, ...

Carpe diem: Intraday tactics for Dax and Dow