It could be quite bearish until the Greeks get their deal across the line, personally I think we will re-visit 11,400, which should be met with some decent support as it held at the level for the majority of the start of the month of May. The brief ...

Carpe diem: Intraday tactics for Dax and Dow

11633 may be the case!

Carpe diem: Intraday tactics for Dax and Dow

Going to use fundamental nous here, lower than forecast US eco employment data could imply a delay to rate hikes and lower US bond yields, which means US Equities will be stable or rise, causing Dax to follow. Could be entirely wrong here.

Carpe diem: Intraday tactics for Dax and Dow

Agreed, but you may need to wait for a clear break of the ema lines to see if there is momentum... otherwise it may trickle down slowly.

Carpe diem: Intraday tactics for Dax and Dow

Gap down during pre-trade hour... I might wait for the flood of money during Xetra Open. I still have a bias for long positions.

Carpe diem: Intraday tactics for Dax and Dow

In the last 10 weeks, the EURUSD has breached 1.09 twice and went to at least 1.06. In both instances the Dax went beyond 12,200. Come on Daxy baby.

Carpe diem: Intraday tactics for Dax and Dow

Waiting waiting waiting.... then whoosh +255 you little ripper.

Carpe diem: Intraday tactics for Dax and Dow

I was +411. Now I'm like -400. Falling EUR, Falling Dax... Falling SP seems more important.

Carpe diem: Intraday tactics for Dax and Dow

Might get some selling on Pre-Trade or Xetra Open, but I maintain a bullish conviction for the remainder of the week, mainly due to EUR weakness.

Carpe diem: Intraday tactics for Dax and Dow

As US step one foot closer to rate hikes, we may see selling on SP500 today, which could drag the Dax lower temporarily after hours. Nonetheless, EURUSD heading lower with 1.1050 support now being taken out, this is good for the Dax.

Carpe diem: Intraday tactics for Dax and Dow

Could put the Dax in reverse after some good gains this week. Its almost summer, might be time for some shorts (on the Dax).

Spider's Den

Those with positions, just bear in mind ECB meeting minutes (in 1hr) will probably clarify accelerated bond purchasing under QE leading to EUR weakness, but also US jobs data later (2hrs) may bring volatility to EURUSD. I may wait for reactive ...

Carpe diem: Intraday tactics for Dax and Dow

Cleared trades for breakeven... Dax moving up again.

Carpe diem: Intraday tactics for Dax and Dow

Long 3 / Short 3. Hoping it drops and returns, just like Monday/Tuesday. May see some USD weakness and Dax profit taking for today. Hoping for USD strength to return (and Dax strength) on Thurs/Friday with US - Jobs, Housing Sales, and Inflation ...

Carpe diem: Intraday tactics for Dax and Dow

5 contracts for +10 each straight after US housing data released.

Carpe diem: Intraday tactics for Dax and Dow

If anything, that poor economic data may cause EURUSD to lower, and cause Dax to go or hold up....

Carpe diem: Intraday tactics for Dax and Dow

VW was given a re-rating by Deustche Bank, and a few of the manufacturer stocks responded upwards as well: url Also, QE acceleration would have lowered Bund Yields the last couple of days.

Carpe diem: Intraday tactics for Dax and Dow

Love it. Great call. Dax on the up!

Spider's Den

@ top of down trend channel. Really needs a lower EURUSD to climb out of it.

Carpe diem: Intraday tactics for Dax and Dow

That -50pip movement helped my Dax rise +140... Thanks EURUSD

Spider's Den