Market still looks in downtrend... The dax failed to break the 20sma on 4H (9537.8), almost touched it and has since popped down again.

Carpe diem: Intraday tactics for Dax and Dow

Was a good trade... I often observe buying candles on the hour, half hour, and occasionally on the 10mins - sometimes these are fake moves.

Carpe diem: Intraday tactics for Dax and Dow

Its near month end and quarter end: I think some Fund Managers buy more shares in their existing stocks to inflate the value of their holdings usually at either month end or quarter end, it gives the effect of making their fund performance look ...

Carpe diem: Intraday tactics for Dax and Dow

Long 2 mini's - 9401 (200sma 1m) and 9414, Exit 9433. +32 +18

Carpe diem: Intraday tactics for Dax and Dow

Long 1 mini - 9314, Exit 9394. +80

Carpe diem: Intraday tactics for Dax and Dow

Btw... I think today the Dax30 may move lower in line with movements on Nikkei, ASX and China50 (all down 3%). Trade with care.

Carpe diem: Intraday tactics for Dax and Dow

Just a summary of the VW issue: * A potential $US18 billion fine in the US and the cost of numerous class-action lawsuits alleging that VW's cheating reduced the value of its customers' cars. * 11 million vehicles effected worldwide across a number ...

Carpe diem: Intraday tactics for Dax and Dow

Still a good trade... Next time set the TP a couple of ticks below the 200sma on 1m. I got out way too early; only +23 on that one.

Carpe diem: Intraday tactics for Dax and Dow

Also, as its on the way down here, if the 20sma on 1m holds, then it may have another wave up...

Carpe diem: Intraday tactics for Dax and Dow

Yeah mine showed 9602.4... If the price is on its way to 200sma on 1m, I would normally set the TP for a couple of ticks below the target because it often touches it for a nano-second or very close to it and then it pops down...

Carpe diem: Intraday tactics for Dax and Dow

Should get to 200sma on 1m, around 9604...

Carpe diem: Intraday tactics for Dax and Dow

Good entry, I was long at 9537, but closed at 9560. A bit early.

Carpe diem: Intraday tactics for Dax and Dow

Clearly wrong!

Carpe diem: Intraday tactics for Dax and Dow

Seems to be hovering around 200sma on 1m, not sure if its going to break below yet...

Carpe diem: Intraday tactics for Dax and Dow

9840 target is probably 1 day to 2 days away... i think. Sorry I should've also mentioned that.

Carpe diem: Intraday tactics for Dax and Dow

We should get one on XO, in t minus 6 mins.

Carpe diem: Intraday tactics for Dax and Dow

I was long 2 mini (EU5) contracts @ 9575 out at 9633... Hope we get another dip at XO. 9840 is my target as per previous posts.

Carpe diem: Intraday tactics for Dax and Dow

Looks like the Germany30Cash quote closed at 9588 on Friday Evening/Saturday morning, right on 20sma support on 4H... Now let's see if it holds and it can move towards 50% Fib of 9840: url

Carpe diem: Intraday tactics for Dax and Dow

Pullback to around 9588 and then another rise to 9840. Let's see.

Carpe diem: Intraday tactics for Dax and Dow

9732.8 - I was closer by a fraction (9735 v 9730) ...

Carpe diem: Intraday tactics for Dax and Dow