Carpe diem: Intraday tactics for Dax and Dow

That pre market up move was a Stoploss hunt to kick out all the Y late overnight shorters. (incl. me. -20 p 1 Lot)

DAX FLAT Trailer BE

DAX OR: 10.705/10.630

Daily:
R1.5 10.720
R1 10.700
PP 10.665
S1 10.620
S1.5 10.604
S2 10.585

This week developing POC 10.660/most traded area this week

Yes ... seems like typical 'clean the ceil, clean the floor, then continue to where we go' ...

DAX right on the Weekly POC. Sideways.
I wait for a break out above 705 and below 630. (OR)

Only scalping inside the OR (OR = First 60 min. Cash Opening Range)

T1 +11 1 Lot
1 Lot to trail.

SL @ 700 (just below open)and trailing.
SL @ 710

Lets see if we can reach the pre market high R1.5 (or higher) again.

Thues/Wed. Highs test again.

Still on top of the OR.

10.740 is the Weekly high so far.
10.760 Gap to close (Dec. 30 2015)

ES is exactly on its Weekly Volume/TPO block peak.
Needs to show its direction.

SL @ 700 (just below open)and trailing.
SL @ 710
SL @ 715 FLAT Trailer +31

H1-H4 charts calls for higher highs ... but lower charts show steam-out movements ... let's see what we get before USA

YM tries to close a GAP @ 528 (July 20) GAP closed now

ES still in it's Y OR (2175/2180)

DAX is tired. Doesn't really want to break out the OR (Me too of this market)

CL recovers. Drags up the YM as well it looks

ES (S$P) doesn't want to up cross 2180
Pulls back


FLAT BE 1 lot only

Someone need to pick up the phone and let some air out of this balloon (or blow it up further)
S&P OR even smaller then Yesterday and on the same spot.
You may call that sideways.......

ES OR 2180.50/2175.00

ES needs to get above 2182.00

ES T1 +1 x2 lot.
1 lot trailing/ FLAT +2 points

YM T1 +11 x 2 Lot.
1 Lot trailing/ FLAT +38 Trailer
18.560 = 50% extension OR

YM crossing July High/18.600 is calling (R2.5)

CL (Crude Light) recovered +/- $2,00 last hours

Oil agencies forecasted that the oil price will stabelize this year, despite the oil pomps are on full capacity to pomp up oil!
That doesn't rime, but the market loves these stories.

New Buy wave.

DAX T1 +11
1 Lot trailing/FLAT BE Trailer

YM T1 +11 x 2 lot
1 Lot trailing

YM (DOW) aproching 600 (R2.5)

DAX H1, post US open



M1-M15 charts calls for 10782.6-10807.9 with extensions to 10848.9, that would be inside the H1 target zone.

Long at 18630 stop under 18600 targeting 18666 where i will flip to short for some pips. Indices must be getting close to a drop now rsi's 4 hour and down very over heated and tons of gaps all over the place.

Daily DAX view ... the move from Aug. 3 till today highs ... its a five or V wave, all the previous I, II, III and IV waves have meet all their params, and the V usually ends:

a) V wave same size as I proyected from IV ... that is 10736.96 (near todays high, but still not hitted), vertical red line on chart.
b) V wave as inverse fibo from III high to IV low 1.23% to 1.618% ... that is 10706.0 (cleared today)
c) 0.618% fibo proyection of I low to III tops, proyected over IV low ... that is 10895.7 (still pending target)



Going down to H4 and H1 ... we see still there is room to go higher, as there are incomplete structures that point up, having 10782.6-10807.9 with extensions to 10848.9 as next targets upside, maybe we could have a Friday rally tomorrow or continue the slow climbing till end of month ... I do not use time to do calcs, at it tends to distors my calcs ... I'm trying to improve on that part of my systems.

My MA lines are still Bullish.
2015 POC area is calling 10.800/900

We will wait this morning for US news today I think.

T1 +11 1 Lot
1 Lot to trail.
FLAT Trailer BE

Bounce from Y POC and PP
GAP closed.

My MA lines start to gather, so not much force/momentum in the market.
Markets like this can suddenly break out or stay in this area. Summer trading/scalping.

CNY (China) numbers lower again. Slow down world economy?
Nobody seems to worry so far.

Re entry Long. Need to cross/break Y close @ 722/725
Y High @ 740
R1 @ 762

T1 +8 Hardly moving.

FLAT Trailer -7