Carpe diem: Intraday tactics for Dax and Dow

In that case, dude... short the fuck out of everything and duck for cover.

long @ 8872.5 aiming for +30

Those gains did not hold very long. Went up really quick and dropped just as quickly. Seems like sell the retraces is still in play

that got me: -20

trying another long here at 48 target +30

The Dow H4 is in the process of what looks like a typical base building formation, in that the low on Jan 20th was proceeded by a move back up towards its 200ema from which it was always likely to roll over, the same sort of movement can be seen on any time frame. What we have now is the price falling back to what may be support which will stop it from making new lows, though it remains to be seen whether this is what will happen. The 61.8 and 76.4% fibs are at 15,854 and 15,700 respectively , and it is either of these that I think could hold the price, which presently is just above the 61.8%. Failing these two, we have a double bottom ant 15,500, and below that, well, it could be goodbye stocks.

I expect any recovery to be temporary however, although how temporary that temporary is remains to be seen. I think the markets may well pull back a bit and waiut for the next Fed rate announcement in March, which, if it is another rate hike, will seal the markets doom and send them into freefall. Surely the Fed must know this, so one wonders just what they are thinking right now, and quite how they are going to dig themselves out of this hole they have got themselves into.

An Investment Bank emergency would be good; could ride this sucker all the way down to 1500.

I just got out but unfortunately I was unable to close at picture posted as it dropped quickly from there. Got out at 8855

Very well said, I'm just wondering how many people expect a BOJ-like stunt by Draghi in the coming weeks, if not tomorrow? Surely there's gotta be some wordgymnastics at least being spawn for release. QE4 lol, DAX back to 12000 and free money for everyone...

Best buy now is Nasdaq, bought at WS1 targetting Weekly pivot

I am out now. Do not want to get burned again. Up $6K for today. Enough for me today. Greed lead to losses

A gentleman tends not to attempt to impress others by disclosing how much he may or may not make in a given day..that is information no one is particularly interested in hearing.

NY open... 1st target +272 ticks. Have a good one!

NasDaq trade for today (H1 chart):

Morning everyone. Bulls or bears here today?

Morning, I'm a Bear, but no Position right now.

'm bearish traget @8720

My guess is that the market already priced in bad news out of Yellen so if Yellen comes out with good news then DAX is headed to 9200 today. Either we have a bull run today or a major trap set up for slaughter later on today.

Yes, I'm also waiting for Dax to go to 9200 area before going short.

New highs later this year....