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Attachments: Carpe diem: Intraday tactics for Dax and Dow
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Carpe diem: Intraday tactics for Dax and Dow

Quoting Forexcube
US30, Short @ 17'695 (10x) The longer term scenario seems more downside, IMO. US30USD, Weekly, 2016 Mai 24 {image}
#22'802

Exit @ 17'620, +75 (x10 = 750)
A4 +750.-$
200 - 400 pips (ups & downs, ...and ups & downs...) per day always possible in these days with ascending volatility.
Waiting for a counter-trend long trade at 9400pts @ 61.8% Fib if we get there sometime this week.
PO DAX, Long @ 9'410 (10x)
Quoting PariCovek
Waiting for a counter-trend long trade at 9400pts @ 61.8% Fib if we get there sometime this week.
#23'504

So am I.
My sentiments exactly! Weekly's EMA200 ~9'410
FXcube
DAX: Monthly could go till 9'180 (EMA55) and more downside (~8'760).
Let's see!
FXcube
DAX, Monthly, 2016 June 14
(rapid) recurrence
return of the theme

Longer term trades...
if the market seems in the top end third, it could be an advantage taking some shorts in the portfolio.
The lesson is clear...with some shorts in your portfolio you're often at the right side.
So why go long when the downside movements are faster and more efficient.
Take the A-Train...

https://www.youtube.com/watch?v=elq5ra9IOBw&list=RDelq5ra9IOBw
Michel Petrucciani - Take the A Train

...it's faster with A-Train
FXcube
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Just FYI -

Dax closing at 9519pts, has an Average PE ratio for 2016 of 14.66.
Quoting derekw
{quote} I know Brexit will move the markets, but I think too much is being put on it. Brexit will not change much in the end. The UK will not change as such and trade must go on.
Personally I fail to agree because of the uncertainty a Brexit would create. One of the article of the joining the EU states that following an exit the country is allowed a maximum of two years to complete the exit for example creating its own trade agreements, negotiating information exchange in the security industry etc. This two year period is a long period for investors as not many people will no what is going to happen, how will the UK shape up to be following the exit that's the problem. And yes a Brexit would have a massive affect on other countries on the EU. Germany and UK and the two main parties holding it together in recent years so with an exit would raise the question to some of how will the EU go on without our support.

Brexit I can see Dax falling (and filling a fifth wave) down on the daily to 8,500 and cable to atleast 1.33-1.35. Without a Brexit Dax rallying up above 10,000 and Cable rallying above 1.45 again.
Today was very difficult I only made about $550. I found it very uncertain. I didn't trade with any good conviction. This is typical of consolidation of price but with the problem does it continue down or does it change. My take for tomorrow is that price will go up. I think it has to take a breather tomorrow, but I think that will be the rebound and then down again. My path still remains as per the picture, (colours wrong way around! Sorry). So what I think is that there are steps to this. For the first time in a month or so I have a couple of longs in, but they make me nervous. The path for me seems down. If we don't bounce like I suggest then I'll leave those longs in. We can catch them back in 2019!
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My take on Brexit. Life will go on as normal, either way. I know the markets are going to be erratic around this, but this is not the overall market mover. Markets will continue to stall and crash because they are totally overbought in every way conceivable. They are out printed, out spoken, (by central banks), bought back, extended... the list goes on. Brexit just adds to this atmosphere.

I could write tons about my thoughts on this, but i'll spare you with brevity; to me the path right now is down.

If we talk about collecting failed shorts, well I don't think we have to wait very long....
just put in one of those collectible shorts
pending FDAX_Sept long @9.125
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One of the greatest recent trades for me was Oil. As it crashed I bought it and the lower it got the more I bought and I just kept on it with more conviction. My argument was that Oil cannot be zero. So I bought it down. I cashed in on the way up. Took nice profits at $45 and it continued up to $50. I went short Oil there, let's see how that works. I think I have to cash those in soon! It was obvious that the more price dropped the more I bought. There was no way that Oil was going to be free! It was the no-brainer trade that I've ever had.

For me now, equities are a short market. If you look at my long term DAX charts, I keep pointing to that trend line as the bottom. That line is definite. Everyone knows about this price point. Everyone Knows that if it breaks it's a market crash. If you are a German trader, there is no doubt how important this line is to you. In fact you just need to know about this line anywhere in the world that you are.

Why I stop at this line is because at this point there will be decision time; up or down. We will only be able to decided then. But for now, I think you can see this market is short?

This is my best floor plan.
Derek i think that oil is just starting to fall... My Target is 38 zone... That Will complete a perfekt inverted head and shoulder... My view... oil and us index are highly corralated... june Will be a crazy month...good trades to all🍀🍀🍀🍀
Quoting derekw
Today was very difficult I only made about $550. I found it very uncertain. I didn't trade with any good conviction. This is typical of consolidation of price but with the problem does it continue down or does it change. My take for tomorrow is that price will go up. I think it has to take a breather tomorrow, but I think that will be the rebound and then down again. My path still remains as per the picture, (colours wrong way around! Sorry). So what I think is that there are steps to this. For the first time in a month or so I have a couple of...
Looks like you are lined up with Soros on the short side. During volatility we usually see sell offs due to uncertainty so the current trend has been down for the last week. DAX and US Futures expire this week. Let's see how far off the 9800 mark From last quarter they close this week at.
A really crucial detail about the upcoming EU referendum has gone virtually unmentioned and it is probably the most crucial detail: Parliament doesn't actually have to bring Britain out of the EU if the public votes for it. That is because the result of June 23 referendum on Britain's EU membership is not legally binding. Instead, it is merely advisory, and, in theory, could be totally ignored by UK government
"It's better to be out wishing to be in... than to be in wishing to be out!
Quoting Dutchy Daxy
A really crucial detail about the upcoming EU referendum has gone virtually unmentioned and it is probably the most crucial detail: Parliament doesn't actually have to bring Britain out of the EU if the public votes for it. That is because the result of June 23 referendum on Britain's EU membership is not legally binding. Instead, it is merely advisory, and, in theory, could be totally ignored by UK government
That is interesting. Did not know that. The King and Queen rule at the end of the day Today is Wednesday and there are just two more days left this week for futures to expire for the 2nd quarter. Maybe they will want them to close at around 9700-9800. Anything close to 9800 would be close to flat for the 2nd quarter and anything under would put us in a downtrend for 2 quarters in a row.
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