Carpe diem: Intraday tactics for Dax and Dow

longer term
dax, short @ 11'525 (10.-$ per pip) (25K-Acc.)
risk: dax ~ 13'500

They are tested the market...

Agree StrayDog.
Based on daily, there is formation last 3 candles, middle yesterday's candle shows the exact support at the moment 11460. Today was tested the bottom from Monday. Depends of today's bottom, which is 11480, higher than previous 11460 and on range over 11480, I expect green day tomorrow, test 11620.
By the way, I'm out from my last position long 11519 at 11530. On 5 min. sma 50 shows resistance. I'll show what I see.

some longs

I dont think you can see the big money pouring in the market throught the DAX, not because they dont pour it but because the German market is following the US. So if anything the Americans start and then the lemmings follow. Plus nowdays with HF trading it is impossible to understand who is behind and what the motives are....

Failed breakdown from balance, now ES above settlement, and screens go green... probably up to test the other end of the balance, @ 2295

dax, short @ 11'540 (20.-$ per pip)

#29'1888

exit @ 11'535, +5 (x20 = 100.-$)

Closed DAX long @11536
Open DAX Short @11532 TP 11360

Very nice trade. Very impressive.
11 540 good place to short, I agree.

At the moment the indices are following oil's jump as if this is good news. This will fade and we will resume the downside.

For my over 5 years trade experience I use only technical analysis. Of course I don't miss important political events. I said so, for pouring money, because for those years trading, corresponding with bankers, other employees in the banking sector, businessmen, employees in trade companies. I am aware that nothing is accidentally and has a purpose. Trade sector is an interesting place.

I totally agree, I am just saying that when I see DAX rising and I know that it is following S&P, it is hard for me to simply say that big money is supporting the German market, when in fact it could be that big money is coming into the US and as a consequence the German market (always followers) is also being bought. And high frequency (HF) trading works exactly like that.

For sure there is nothing accidental and most of it is manipulated. You are absolutely right.

My guess is one more push up and then a drop will be due. There has to be some sort of a drop before March futures expire but the monthly candle for January this year is green and the monthly candle for February has yet to be seen.

IMHO - stick to the charts. No offense, but markets hit the support levels and got bought. No need for interventions on support levels.
Just stick to levels on the charts, do not look too much on CNBC (best not at all) and other BS...
Some things are manipulated, and those are the ones where regulations are low, like FX, CFDs, binary options... but to manipulate SnP?
Snp - shares of the biggest 500 companies in US? Nobody can do that.

There was an interview on Bloomberg with the famous Japanese trader called "TNT"... Guy made millions in his pijamas, an urban legend in Japan. So, finally someone makes an interview with him. He was the biggest single independent trader in the history of the Tokio Stock Market. So, journalist asked him: "How did you do it?", probably expecting some bombastic response, like "Well I invented one super ultra-mega-giga-fantastic-never-miss-indicator, using the Moon fases combined with Erlanger romboids and shit, logaritmic oscilations and stuff and I just kick ass with it"... which would be good for newspapers selling. Instead of that, he got this: "Well, I buy stocks that are being bought, and sell stocks that are being sold". And he is brave, no hesitation, hit hard. In other words, a trend follower. Nothing else, a trend follower, not a fukin Wizard of Oz.

Unfortunately, yes manosk. As I answered this morning here to one trader - we are between the slaps - banks and brokers and I try to informing exactly through correspondence with people of these sectors.

We are on the starting point for today, which means doji candle - balance between buyers and sellers. But today's and yesterday's daily candles are with lower tops and bottoms, which means triangle visible on small charts.
According to triangles in elliot waves, I use plus waves - the price will continue on the same direction from which it entered in the triangle. The triangles are actually consolidation zones. Follow my thoughts:

So in this case according to simple calculations the top for tomorrow will be 11570. From here I'll go shorts, my plan for tomorrow.
Exactly before week I commented with my followers the market cycle, because recently, I/they read in the forums again for market cycle, particularly indices and DAX30 6000 - 7000.
I explained briefly :
What actually is a market cycle and when we say that such a cycle is completed?
Market cycle is completed cycle of waves 1 to 5 moving wave and A to C corrective wave, with reversal of the trend.
One such cycle is considered complete, when the price reaches the level of the point of beginning of the respective cycle.
In this case, you alone can discern, that to finish the present cycle in which is DAX, must reach the starting point of this cycle 12400.
Some people look for figures - head and shoulders, diamond, double / triple tops / bottoms ... which is not wrong. We all know that a figure is finished, when it reached the level of a starting point, even considered that must be completed with a breakthrough, that is above the starting point. Which means for DAX, over 12400.
This does not mean that the DAX will not make a correction 11000 before 12000 or 12400. There is already third floor after the US election, which means that coming correction.

This is only my view of course, according to my experience. The standard cycle is 1 - 5 and corrective A - C.

As I said in the first hour, today would be a balanced day and so it was, the price was moving within the area of value of the previous day and before the American session began to break the key area of 11529 for a very good opportunity Short
The closing of today takes place again within value area, in 11558, so in case of not exceeding the area of 11529 again with force, it is possible that we see another balanced European session, subject to the range of the value area Of today (11579-11531), Nor are there fundamentals that can affect the price throughout the day.
If you break the initial IB by the top, opportunity of lengths of about 20 pips until 11588-11596, to surpass this last resistance, new section from 30 pips to 11638. Inoperable zone between 11638-11660 to retake for Over another usable section of about 20 pips to 11696.
For against breaking the initial balance by the bottom, as well as the 11531, 70 pips of stretch in shorts. In case of strong volume, if it exceeds today's lows (11478) and yesterday (11463), we would reach the level of the 11400 initially, with possible final objectives in the area of 11380-11337.