Carpe diem: Intraday tactics for Dax and Dow

closed +20

the same trade in another account

1 hour trend is bearish, what's the general sentiment for today?
I mean, after this 140+ pip rallye

news greece are good in some way and the euro has rise but the dax hasn`t fall, so dax probably long for now.

A possibility

Thanks,
I'm hoping to buy bellow 1M ema200 let's see..

Buying at support and selling at resistence is fair enought with help of Stochs.

Ranging... with maybe a slight upward momentum in H1, if 11,780 holds... still think it might test 11,640 sooner rather than later

http://www.theguardian.com/business/...s-live-updates

"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"

It's a combination of 3 Stochs. the 8,3,3, - 21,10,10 and 100,10,10 ,but the green of 5M. is also the black in 15M. chart. Cheers

It's been an incredibly volatile week, with the price changing direction constantly. I know that all of us have at least once this week kicked ourselves for not taking a trade that looked perfectly good because we were thinking too much about whether it was the right thing to do. I've read just about every book there is over the years, so here is one short passage from one of the best in my opinion ' The Daily trading Coach 'by Steenbarger. This one short paragraph echoes what all the books stress over hundreds of pages, that once you've got an edge you can rely on, it is up to you to execute each trade according to your strategy, without fear or hesitation, and without an expectancy of whether the trade is going to be a winner or a loser. It is a devilishly difficult skill to master, we all know that, but it is also the key to success -

"A common mistake traders make is to try to replace catastrophic, negative thoughts with positive ones. They try repeating affirmations that they will make money and they keep talking themselves into positive expectations. What happens however, is that they are still allowing a focus on the outcome of performance to interfere with performance itself. The expert performer does not think positively or negatively about a performance as it's occurring. Rather, he is wholly absorbed in the act of performing - does a surgeon become absorbed in thoughts of the successor failure of the procedure? No, as with elite traders, their full concentration is devoted to the execution of their skills".

I didn't
it's too choppy and unpredictable as per my view

edit: posted chart

By the way, to anyone who doesn't use the 76.4% fib level, check out where the most recent support at 11,748 was found. Similarly, look at today's lowest support - again, right on the 76.4% fib level to the pip. This one, and 61.8%, are respected by the market all the time.

ps - I forget to mention today's high as well, 76.4% to the pip!

if it's rangy and choppy, try Laguerre RSi and Filter in M1, helps me....

long

I'll try thanks

closed +22. Have a nice weekend.

Trade well

enjoy the weekend

The 76.4% fib level ruled supreme today as support and resistance to the pip. The one time when it was broken, support was found on the lower Bollinger band just beneath it.

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 - Imports), and second is Britain.

---------------------------------------------------------
EUR/USD - Daily Low vs Avg Daily High Dax
1.04 - 1.05: 11,984.27 -> Note this average would be higher, but some of these instances were in the initial uptrend period of observation
1.05 - 1.06: 12,276.37
1.06 - 1.07: 12,083.64
1.07 - 1.08: 12,035.54
1.08 - 1.09: 11,981.05
1.09 - 1.10: 12,022.84

---------------------------------------------------------
EUR/USD - Daily High vs Avg Daily Low Dax
1.06 - 1.07: 11,987.81 -> Ditto as above comment.
1.07 - 1.08: 12,089.33
1.08 - 1.09: 11,855.29
1.09 - 1.10: 11,856.51
1.10 - 1.11: 11,772.53

http://uk.reuters.com/business/marke...EU&viewBy=type

Q1 FY2015 Earnings this week:

Tuesday - Daimler (representing 7.4% of Dax Mkt Cap)

Wednesday - Deutsche Bank (representing 3.5% of Dax Mkt Cap)

Thursday - BASF, Bayer, Fresenius Medical (representing a combined 17.5% of Dax Mkt Cap)

I'm not sure where/when they post the results (Eg During trading hours or before/after)? So if anyone has that info at hand, please post.

It may be an idea if someone posted results as they are released (with a simple statement "below or above expectations"), we might be able to do reactive trading on that basis.