Over the last 30 trading days of the Dax, which now appears to be in a sideways (holding pattern) or slight downward trend, and is responding to EUR/USD strength or weakness. No surprise there, as the US is Germany's top Net trading partner (Exports ...

Carpe diem: Intraday tactics for Dax and Dow

url "Malta’s finance minister, Edward Scicluna, has reportedly told journalists in Riga that there was a “complete breakdown” in communication between the two sides today"

Carpe diem: Intraday tactics for Dax and Dow

Same here - apologies to all... I had bearish signals early in the session then it all changed with a couple of bullish flag patterns.

Carpe diem: Intraday tactics for Dax and Dow

Now its looking bearish...

Carpe diem: Intraday tactics for Dax and Dow

Proven wrong on open! Let's see how rest of the day pans out...

Carpe diem: Intraday tactics for Dax and Dow

Howdy all, Looking bearish again despite US equities rising overnight. Thought this was an interesting observation. downtrend of the head and shoulders pattern. when does it reverse? well i need to see the EUR/USD weaken again is my tip! could be ...

Carpe diem: Intraday tactics for Dax and Dow

FYI Avg PE ratio just recalculated 16.39 @ 11,724 pts

Carpe diem: Intraday tactics for Dax and Dow

I'm looking for 11620s for Long entries... But will dabble a few longs around this range. Looks like a clear head and shoulders pattern and this could go to the downside. Greece and Ukraine again may be the catalyst.

Carpe diem: Intraday tactics for Dax and Dow

Well said. Welcome back, albeit briefly! I'm still waiting for interim target of 12653, Avg PE ratio of 17.50. Next earnings season key for new target levels. Will be looking for updates to KGV (and Mkt Cap): url

Carpe diem: Intraday tactics for Dax and Dow

Looking very likely now! Good luck... Its broken the down trend channel i have, so i think this is going upwards today... Eg Expecting +150pts today

Carpe diem: Intraday tactics for Dax and Dow

V-shape patterns are tricky, my mentor tells me to stay clear of them. Hoping for another pull-back to same levels and trade this in a sideways pattern. Its still holding in my downward trend line, but I think this will continue up and complete a ...

Carpe diem: Intraday tactics for Dax and Dow

I wouldn't be surprised if we see a Head and Shoulders pattern form, with the Dax heading towards the 17 March 2015 high (12,220), to complete the right shoulder...

Carpe diem: Intraday tactics for Dax and Dow

Unlikely I think, but hang in there... Keep an eye on EUR/USD, if it keeps dropping, the Dax should automatically climb. My hedge trading worked a treat today, banked +163.

Carpe diem: Intraday tactics for Dax and Dow

Something a mate put together, showing repeating range rises over similar time horizons....

Carpe diem: Intraday tactics for Dax and Dow

A thread I posted earlier regarding historical pullbacks in March regarding the Dax: url It may give us some further perspective of the likely depth of this pullback. ps. 10% pullback = official correction.

Carpe diem: Intraday tactics for Dax and Dow

Dax is a function of EUR/USD strength/weakness. EUR/USD has been strengthening, causing Dax weakness, but the main reason is de-risking ahead of greek re-finance talks next week. Dax hit 11,618 when the EUR/USD hit 1.10; it appears we are heading in ...

Carpe diem: Intraday tactics for Dax and Dow

If EUR/USD hits 1.10, Dax will be around 11800.... my best guess. Then I'll reload longs again.

Carpe diem: Intraday tactics for Dax and Dow

Bravo maestro

Carpe diem: Intraday tactics for Dax and Dow

I can't see this going below 11800.... I think today may be an interim low, and then a rebound to ATHs over a bit of time. Really needs EUR weakness, and the greek deal sorted next week hopefully.

Carpe diem: Intraday tactics for Dax and Dow

If this is a USD correction, then it's part of the reason for the minor correction to European Equities at present. Cheaper currency = stronger equities, and vice versa, as a general rule.

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