Out just above yesterday's high.

Carpe diem: Intraday tactics for Dax and Dow

13070 was a good level

Carpe diem: Intraday tactics for Dax and Dow

Exactly. Now was this the end to the bull move - with fireworks - or the beginning of a new leg of it? Here's DJI.

Carpe diem: Intraday tactics for Dax and Dow

Out at BE, and not so well thought through. This one looks better.

Carpe diem: Intraday tactics for Dax and Dow

Short from 13017.5, hoping for SMA200.

Carpe diem: Intraday tactics for Dax and Dow

Pertinent observations These are remarkable times, and somehow I believe the central bankers will not get their way in the end.

Carpe diem: Intraday tactics for Dax and Dow

One of these imbalances - divergence between small cap and large cap. Here Russell index vs DJI.

Carpe diem: Intraday tactics for Dax and Dow

Short from 13003 and a bit, and out for 20.

Carpe diem: Intraday tactics for Dax and Dow

Not so sure that history will repeat itself. Markets have become much more sophisticated in the last 30 years. Huge retracement may not be a guarantee either, but the over-supply of money is causing imbalances. In any case, there are scientific ...

Carpe diem: Intraday tactics for Dax and Dow

European markets now rolling over without hesitation. Dow rolling over slowly after a reversal opening hour, with Thursday's high as the battle line. When that goes, it's downhill from here, and we'll get our well deserved intraday volatility back ...

Carpe diem: Intraday tactics for Dax and Dow

Unhappy about intraday volatility? We're at historical bottom levels. The charts below show weekly average ATR for a 4 hour candle for DAX and DJI. Hasn't been this low since the summer of 2014, before the start of ECBs QE programme. If one looks at ...

Carpe diem: Intraday tactics for Dax and Dow

One way of doing it: A Keltner channel, and a Bollinger channel, which together tell range from trend. A faster MA to catch reversals and fast moves. Then one needs to define setups and entry rules. There is a handful, or so, different setups to ...

Help to optimize this excellent system

That's a viable way to trade, but very far from a system. A place to learn about channel trading is Alexander Elder's Come Into My Trading Room. The stuff about channel trading starts at about page 95.

Help to optimize this excellent system

Out at 13004. Enough for today.

Carpe diem: Intraday tactics for Dax and Dow

Another red Xetra open 4 hour candle....like most of October.

Carpe diem: Intraday tactics for Dax and Dow

Please...

Carpe diem: Intraday tactics for Dax and Dow

Whereas I try to go by the charts in both directions. As to top, there are signs: - Russell 2000 and S&P 500 divergence - Dollar index bottoming out - and others Then there's the unmistakeable slowing down of momentum. And I'm short ...

Carpe diem: Intraday tactics for Dax and Dow

Whereas I saw a few strong indications of things topping out. And now, after some very juicy swings, things seems to be settling under Thursday's ominous (to me) high, with short-term charts rolling over south. Pity I didn't have time to trade this ...

Carpe diem: Intraday tactics for Dax and Dow

Closed for a dozen due to shrinking volatility. Happy weekend to all

Carpe diem: Intraday tactics for Dax and Dow

Short from above 13000. Soon third red hourly candle. No guarantees today though. Very slow.

Carpe diem: Intraday tactics for Dax and Dow