And then the buyers came as EURUSD dropped....

Carpe diem: Intraday tactics for Dax and Dow

I think we are still in downtrend unless EURUSD begins to retrace or show weakness. Having said that, support in 11,000-11,250 range seems solid. Also, beware of the spike on pre-trade open - as I like to call it the "Frankfurt Fake"

Carpe diem: Intraday tactics for Dax and Dow

Interesting, what is your target timeframe for 1.0950? EURUSD seems to be in strong uptrend, your target would require a complete change of trend to downside. Fundamentally, EUR should weaken with QE, but this may take a bit of time.

Spider's Den

I have 3 short positions with 3 long positions. I am to bank the shorts closer to 11,200; then double up the longs to ride back to 11,600. That's the aim, see how we go. Dax is in downtrend.

Carpe diem: Intraday tactics for Dax and Dow

Dax seems stuck in low 11600s, may move lower... EURUSD not doing it any favours. I think we've seen today's high.

Carpe diem: Intraday tactics for Dax and Dow

"Now heres a funny thing. Shares in a Canadian banknote printing firm have soared this month, amid rumours that it has a deal with Greece to produce a new currency if it left the eurozone. Shares in Vancouver-based Fortress Paper jumped from 2.30 ...

Spider's Den

EURUSD still rising. Bund Yields still rising. url I believe we will retest the recent lows of 11,160s, possibly today or in the next couple of days. If EURUSD and Bund Yields continue to rise, then it could correct deeper, but this is just my ...

Carpe diem: Intraday tactics for Dax and Dow

I see this heading back to 11,170s. What a waste on long trades today...

Carpe diem: Intraday tactics for Dax and Dow

Did the same there... 3 contracts, +10 each

Carpe diem: Intraday tactics for Dax and Dow

I'm expecting a pullback after Xetra Open to mid/high 11500s... But I may be totally wrong! I don't take short positions as I have a long bias, so I will wait.

Carpe diem: Intraday tactics for Dax and Dow

Hey Cat - What is your R2 pls? Mine is 11,580

Carpe diem: Intraday tactics for Dax and Dow

It hit my target level earlier today! Could be more downside if EUR keeps gaining against the USD.

Carpe diem: Intraday tactics for Dax and Dow

Below link shows average return per month for the last 20 years on the Dax - June and August are the worst months: url I'm still bullish on the Dax longer term - but we are experience strengthening in the EUR (or USD weakening), rising bond yields ...

Carpe diem: Intraday tactics for Dax and Dow

Expecting a pullback to 38.2% Fib and a touch on the 20x1 Gann Fan. 11,180 is my target by 13 May 2015. Anything below that and it becomes a technical correction (-10%). I'll then load up the Long positions!

Carpe diem: Intraday tactics for Dax and Dow

Lufthansa Q1 2015 results indicate EPS is ahead of Consensus Forecast. Adidas Q1 2015 results at 10am CET. However, Reuters report Attributable Net profit rose 8 percent to 221 million euros, below forecasts for 232 million but including a goodwill ...

Carpe diem: Intraday tactics for Dax and Dow

Appears so...

Carpe diem: Intraday tactics for Dax and Dow

For those interested in seeing the negative correlation effects of the EUR/USD on the Dax, please refer to the following: http://www.forexfactory.com/showthread.php?p=8238915#post8238915

Spider's Den

For those into a bit of statistics, a comparison of the last 9 weeks of trading the Dax Vs EUR/USD. EUR/USD - Daily Low / Avg Daily High - Dax 1.04 - 1.05 / 11,984.27 * Limited instances, and when in uptrend, could be higher. 1.05 - 1.06 / 12,211.53 ...

Carpe diem: Intraday tactics for Dax and Dow

As the recent FOMC statement was neutral to dovish, the strong US employment data overnight edges the US closer to a rate hike. For those interested in understanding what a rate hike has done to US Equities in the past, please refer to my earlier ...

Spider's Den

Hey Leoskie, Page 15 on the 1st attachment, and also 2nd attachment (thanks to D1) both show correlation analysis of the Dax against other markets, key things to note - Dax is positively correlated with the SP500. Dax is negatively correlated with ...

Carpe diem: Intraday tactics for Dax and Dow