Expect volatility the rest of the afternoon: url

Carpe diem: Intraday tactics for Dax and Dow

The EUR/USD dived at the same time of the Dax spike - negative correlation! "The euro has fallen further against the dollar since Spiegel’s report that the ECB is making plans for a Greek exit from the euro."

Carpe diem: Intraday tactics for Dax and Dow

Mr T may have some insights on targets for EUR/USD if there is a Grexit (which, I think it'll break a new low) vs Greek deal done.

Spider's Den

try my best to flick it.... url ECB is planning for Grexit as announced. This will put some fear in those holding EUR's. Expecting a selloff.

Spider's Den

I've taken a long and short position on EUR/USD. Hoping the short position is in profit by the time of the greek deal is announcend and then i'll bank that, then ride the long position hopefully to profit.

Spider's Den

url Further to the above.... Deal could be closer than we think.

Spider's Den

DAX Projection: July 2017 - 13,434 With a few speed humps along the way, I see its velocity average at around +35pts a week. Currently tracking at around 82 points a week. My only major concerns are US correction, as it seems overdue. Never has it ...

Carpe diem: Intraday tactics for Dax and Dow

I grew up on a farm. Its official. The Dax is the Deutz Tractor. Whenever its in a bog, down in the dumps, its just pulls through: url

Carpe diem: Intraday tactics for Dax and Dow

RE: EUR pairs Here is my fundamental take on why we should get a strong lift in the EUR against most pairs once the short-term financing is sorted in Greece. EUR is trading lower at the moment on fear of a Grexit and its potentially failed ...

Spider's Den

Are we expecting sell-off later when NY opens?

Only Gold!

Wasn't expecting that much of a bounce... I had 5 short contracts which I took plenty of pips, then closed my longs as it was heading up, i was closing those for losses with a net pip position of +50. I had no idea it was going to go up so fast, ...

Carpe diem: Intraday tactics for Dax and Dow

Anyone have any idea where it may bottom?

Carpe diem: Intraday tactics for Dax and Dow

Hey T, Would you go long on EUR/USD once the short term funding is extended on Greece. Eg a reactive trade? (seems sold down on Greek deal dilemma) A Grexit, less likely IMO, would probably tip it to new lows temporarily I would think.

Spider's Den

Great post. Thanks

Carpe diem: Intraday tactics for Dax and Dow

Does it normally peak out around Germany 11am (assuming no announcements)?

Carpe diem: Intraday tactics for Dax and Dow

seems stuck around 940s i have a long and short here... waiting for breakout. any thoughts here?

Carpe diem: Intraday tactics for Dax and Dow

Hey T, In your experience, is there less demand for USD (therefore, it weakens) during US public holidays? Just curious, as USD is lower today and its public holiday there...

Spider's Den

Anyone got targets in mind? I see support at these levels: 10913.8 (23.6) - broken (temp) 10852.4 (38.2) 10802.8 (50.0)

Carpe diem: Intraday tactics for Dax and Dow

Well I am hedged long at 10953 (went a bit early), and sitting on a short at 10919. Need to figure out a time to close one trade, and make the difference with the other trade... 33pips breakeven is a lot closer than +70pips as it was earlier.

Carpe diem: Intraday tactics for Dax and Dow

This looks spot on. Thanks. I think the 10950s will hold, especially as it held up at the close of the week.

Carpe diem: Intraday tactics for Dax and Dow