Carpe diem: Intraday tactics for Dax and Dow

The batttle at the lower boundary and the 50sma is intense. As deltaone puts it - crazy

long @17590 tsl -10

tsl = be atm.

out. +10

we have upside traction into the close

Taken what I got and ran

thats me done

tool a last 10 points short scalp.

so is me - nyse close...

Well done. I would have joined you but the spread is seriously widened by my broker after market close

again a nice trading day - good night!

thanks! cu tomorrow - time for a beer or two or...

Yes well done Deltaone. You and ForexCube are inspirational

Today could be a rebound day, but always play with caution if the EUR is rising. We have touched the 10600-10620 region three times the last 5 days, and has been holding as support.

I wouldn't be surprised if we sell down later today and test this level again.

Also, to add further caution to the air, US Treasuries are now pricing a 50bps rise:
http://www.cmegroup.com/trading/inte...n-to-fomc.html
http://www.bloomberg.com/markets/rat...nment-bonds/us

This later aspect is not good for Equities in the short-term.

Morning all!

I'm buying Dax this morning, looking like a pretty strong bet that we'll go north to around the 845 - 900 levels, which is the 61.8% @ 45, then the 30m 200ema + R1 @ 864, then the 76.4% above that. Then if it really rallies strongly, we have the H1 200ema @10,957. Once it finds a top, then who knows, we could come sharply down again, though not to put in a new low for the day. I've got the euro coming down as well, so that ties in nicely. I could be completely wrong, but that's my take on it anyway. Good luck.

GM,
short 10, 683 SL 10, 705
got support @ 10, 630/00 but....let's see

good morning,

long @10690,2 sl -10 tp +30

out - 24 points

sl = be now.

GM
The price should find a solid support, it seems that you found in the 38.2 fibo level (10618), however the market bias remains bearish and we could see the price find new support in the S1W 10520