Carpe diem: Intraday tactics for Dax and Dow

ES Long 2166.00

Broke Outside OR 2165 (upper level)

On 50% extension OR now. 2168.50

T1 +1 point ($50,00)
SL 2168.00 (2 points trailer locked in)

No levels above. Sky is the limit.

FLAT 2169 + 3 points trailer ($150)

Today QE ops have begin early ... to get everyone still sleeping ... XDD

On my plans ... as told some days ago ... till SP500 did not reach 2190-2218 zone ... DAX will be climbing, day after day ..

Today it seems that there is great directional conviction bullish clear, long-term investors OTS have entered since the beginning of the session. Today the market can perform a trend day session.

Today ECB Intrest/Press conf.

Y GAP Closed

They try to cover the Y POC on 10.111

I was in long at the start of pre-trade after the failed time series date yesterday (which, has been the first in a while that too). Still holding some trades, but closed most around 10190s. I will be looking to re-enter longs if we dip to 10140-150 at XO.

Today targets ... 10266.5-10307.4 upside ... 10040.1 downside ... if downside reached first ... then 10282.7-10370.1 as next Daily control zone

Lufthansa AG is down about 7%

T1 +11 x 2 lot
1 Lot to go.

SL 10.140

At the moment we are in a neutral day, there is a strong balance between buyers-sellers

They wait for ECB Press release.

Down targets:

10.110 Yesterday POC
10.090/10.075 Singles blocks (still to cover) on TPO chart from Yesterday and daily PP.

Stoploss trailer: 10.150 FLAT +13 points
T1 + 11 points x 2 Lot

Total 35 points

Short 103141
T1 +11 point x 1 lot (counter trade)

SL BE

FLAT Trailer BE +1 point (for the broker)

DAX OR: 10.192/10.117

Middle OR (50%) 10.155

OR = Opening Range first 60 minutes trading range from cash open. High & Low

Gold tries to pop a little.

Yesterday singles to cover below.
Rejection 50% OR

Covered half Y singles now.
PP below/50% extension OR 10.080 (support)

3 Lot covered +35 points x 3
1 Lot to go

SL 10.096 Yesterday POC (50 p locked in)
FLAT Trailer on 10.096 +50 points
T1 +105 points

Here is the tricky point.
We could dive again to 10.075 and even 10.055 or pop back to cover the today fresh singles up to 10.115 (which is the down level OR)

This is the same kind of pull back as happens on FOMC days!

Today fresh singles covered now up to 10.116

I regard this down move as a little technical correction to cover the Y RTH singles.
Now it's a matter of waiting for ECB press release.

T1 +11 ticks
1 lot to go.
Stoploss 1320.01 (20 ticks locked in trailer)

Price went up to the green line (single blocks on Weekly TPO chart)
See if it wants to go higher.

They try to push down again.

Re entry 10.099
T1 +11 x 4 lot
1 to go.


SL to tight I think, so little higher on 10.110

FLAT trailer +11
Total +33 points

DAX is watching what US markets will do now as well. Transition to US markets.

T1 +11 points 1 lot

1 lot to go
Stoploss BE 10.117 FLAT BE

Attachment

Re entry Long 10.116 3 lot

Now on developing today POC. Gets more value.

T1 +11 x 2 lot.
1 Lot to go.
SL BE

FLAT BE trailer
T1 +11 p x 2 lot (22 points)

Back inside OR.
Up target 50% middle OR on 10.150/55 (if we get there)
No intrest change. No suppise.
Have to wait for ECB press conf. in 45 minutes