I think a full retracement (100% Fib) is probably the upper limit, and its the top of the long term downward trend channel, but I'd be expecting a pullback a lot sooner and starting later today or by Tuesday at the latest... Let's see.

Carpe diem: Intraday tactics for Dax and Dow

What do you think Islander? Looks bullish again... But I expect a possibly interim top anytime bw 8-10 Oct.

Carpe diem: Intraday tactics for Dax and Dow

I think I agree with you Sixer, refer to my post earlier: url If we haven't peaked yesterday, then perhaps today or tomorrow, either way, we are moving into a downward cycle now very soon. China's markets also opened today, and no surprise it was ...

Carpe diem: Intraday tactics for Dax and Dow

Appears to have been right this morning as we dropped approx. 100pts on Open... Expecting this rally to continue until 200sma on 4H is hit (currently 9970) but should get there some time between 8-10 Oct, then we may pop down again.

Carpe diem: Intraday tactics for Dax and Dow

Looks quite bearish on 1H... Should hit DPP @ 9766 at least you would think. Having said that, I expect markets to go higher until 8-10 Oct as previous posts.

Carpe diem: Intraday tactics for Dax and Dow

Broken out of the downward megaphone and heading towards 200sma on 4H (currently 9980pts) and is now inside the original downward trend channel. As mentioned earlier, chinese bank holidays until 8 Oct, should limit any negatives news re: slow down ...

Carpe diem: Intraday tactics for Dax and Dow

Currently in a downward megaphone zone, let's see if it can break to upside and back into original longer term down trend channel.

Carpe diem: Intraday tactics for Dax and Dow

No CNY economic data this week given its Bank holidays over there in China, so I think that should lower the risks associated with a downside to Equities this week.

Carpe diem: Intraday tactics for Dax and Dow

Key dates on the cycles to watch for reversal are possible on 8-10 Oct and 20-21 Oct. Let's see.

Carpe diem: Intraday tactics for Dax and Dow

Hi Howard, Yes, they are CFDs. I use IG Markets, Germany30 Cash Index, which is a continuous price offer over 24hrs x 5days a week. EU5 per tick. I usually trade a few at the same time, but try to maintain 3% equity used on account during trades, ...

Carpe diem: Intraday tactics for Dax and Dow

Just thought I'd post a separate message here. I have been trading with mini contracts lately (EU5 per tick) and as a result I have been getting much better returns. Just like battle, you throw in a couple of soldiers early to scout (targeting a ...

Carpe diem: Intraday tactics for Dax and Dow

Thanks guys, enjoy your weekend too. Just thought I'd post my views - I'm expecting NFP to be over 200k, which may hint of a possible rate hike by Dec 2015. Not sure how the market will react to that, as it seemed to drop upon news of a rate hike ...

Carpe diem: Intraday tactics for Dax and Dow

Sorry, can never post whilst trading. Hit a couple of mini's (EU5) @ 9586 during pre-trade hour, +20 each. Hit another mini long @ 9604 during XO for 20, exit at Daily Pivot, appears to be resistance so far. Wouldnt be surprised if we finish lower ...

Carpe diem: Intraday tactics for Dax and Dow

Entered a long mini (EU5) position @ 9494pts overnight, exit +66. Yesterday there wasn't much buying, however, it continued to climb in the overnight session as it has done the past couple of days. Same image posted as yesterday, the steep downtrend ...

Carpe diem: Intraday tactics for Dax and Dow

Bottom of the downward trend channel was around 9777pts, which proved to be a bit of resistance at that level earlier today. Looks like it may track downwards until the Yanks come back online when NYSE opens.

Carpe diem: Intraday tactics for Dax and Dow

url Looks like 9768.1pts (38.2% Fib) was hit overnight and we hit the original down trend channel. The next swing high/low fib of 50% is 9910.1pts (close to 20sma on Daily), which may prove the upper resistance. Would've preferred another sweet ...

Carpe diem: Intraday tactics for Dax and Dow

Not on the Dax30, its business as usual... url Although, not sure if its a public holiday in Germany.

Carpe diem: Intraday tactics for Dax and Dow

On the cusp of breaking the sharp downtrend before the Frankfurt open (steep trend line on chart). As its just above 7sma on Daily, could we retest higher back into the original downtrend channel (around 9768.1pts, 38.2% Fib)? Any further negative ...

Carpe diem: Intraday tactics for Dax and Dow

Quite possible re: QE funds. The EURUSD also peaked for the day at approx 1.128 when the Dax hit its low on 9300, the EURUSD has been dropping since then and no surprise the Dax rallied...

Carpe diem: Intraday tactics for Dax and Dow