Carpe diem: Intraday tactics for Dax and Dow

DAX, Short @ 11'550

Strong Upside today - Good News China at last - up 4.8% and US Dollar Dropping - Tried a couple of Shorts -50 for today..

SP500 short squeeze

Wish dow jones will go up, im bleeding pips right now...

But I think sudden china devaluation has a bad influence on world stock market, especially US manufacturing firms...

Quiet here today. Grabed a long at 381. Will see if we can get a bit of a retrace from here

Target of 11460.
EDIT SL at 11410 Hit so out for 28 pips

Another buy triggered with very tight stop - lets see if 11400 holds

Devaluation JUANA

The question of today's two percent devaluation of the yuan has many facets. The first of these is probably the desire to improve the competitiveness of the Middle Kingdom, especially since the Asian currencies in the last year lost value at least ten percent to the dollar, and the yuan was unchanged against the dollar.

The second element, which pushed the central bank to such a move are China's ambitions to constant local currency to reserve currency. For this, however, it is necessary that the value was determined by the market. The first element of policy changes for the yuan may be, for example. Today's decision of the central bank, which generates the risk and volatility of the yuan exchange participants.

In the medium term it can be expected that the central bank will want to weaken the Chinese currency, especially since the last 10 years, taking into account the nominal exchange rate and inflation differences between China and its major trading partners in real terms it has strengthened about 40%. This gives room for maneuver to correct this movement, then try a more market management strategy CNY.

The decision by the Chinese authorities reacted negatively Asian currencies raw materials and those that directly compete with China on trade arena. This is due firstly to the fact that the devaluation of the yuan could mean deeper economic problems of the Middle Kingdom, and also cause similar traffic within individual countries. So the market is trying to fairly quickly this measure.

#11'041

Exit @ 11'315, +235

DAX, H4, 2015 August 11
actual

Dow short 17433. SL 17453, PT 17403.
Stopped out at SL -20; with a bigger stop loss, full profit and more.

China devalue its currency for second day...USDCHN reached 6.55

My US30 long is nightmare now. Ready to stop loss and short EU and US stock...

Nice over Night Dump 11135 - would be nice to get a bounce from here and fill the gap back to 11300

Well we just hit the daily lower BB so good possibility we can get a slight rise later today or tomorrow

Chinese dragon on the rise - bubble bursts - Bank of China (PBOC) devalues the yuan after reading industrial production growth below expectations (6.0% vs. 6.7% expected)

some longs here

DAX, Daily, 2015 August 12

DAX, Long @ 11'030

long at 11018

closed +55( +29+29-1-1-1)