Carpe diem: Intraday tactics for Dax and Dow

Hit again. OK too early (or I'm wrong! ) ...

Banking +10 @470 area (in a weird move) m5

I just think the novelty of this whole has wore off and no longer affects the market...

long 13484 if it breaks throu 13518 am gonna load up

The question is how a trader must interpret the 1° Dow Principle.
Here is Edwards and Magee.

looks a bit H/S to me on the 1hr and 15..just my opn of course

My H1 ... hard battle is on! Market seems anyway supported.
Tightening my stop.

@472 Banked +10 again and reduced exposition to the minimum going into London.

Attacking & Banking along the road.
456 scaled out. Hit & Run mode. This is just me! "Often wrong, but never in doubt!"

Bulls or Bears ... please, be careful.

Scaling out again! And banking again. Now I can enjoy the show. Stop +1

Gerundive of to bank: Banking! @450 ...
(In the meantime I'm posting some guitar music here)
Hoping that was an useful demonstration of "Trade the Price" possibilities:
calm, serene and without emotional stress.

My positions now. Ready to bank again @450. And we'll see.

Stop in place. Profits locked in. All under control.

Closed on stop @455. Ready for the next one. Bye.

Mmm - not strictly true.

Asia opened and started to slide quite heavily, then in a blink of an eye the Chinese indexes were up 1.5% (liquidity injection perhaps).

At last week’s close, the Dow slid 2% from its high off bs news and concerns raised by the Fed, ignoring the positive jobs report.

I believe that central banks are making every effort to prop up equities markets. I still think we will see Dow 30k soon.

I also believe there’s going to be a lot of volatility in the coming months and as such, it might be safer to buy when there’s blood in the streets.

The Fed addresses congress on economic risks of the Coronavirus tomorrow. Albeit this or other headlines, I will be waiting for oversold signals and bigger retracements on the 4hr and 1D from here.

News outlooks may give us choppy markets. One moment a peak is reported with potential drug solutions, the next report cites that the world is spiralling out of control, the recession is coming with flesh eating zombies. The result: market is bipolar.

We aren’t out of the woods..

Edit: Dow is back to 2% down from its high. Whipsaw..

Sold 468

Banking. Stop +1 for the remainers!

Hit.

Sold 475