Scenario played out as expected. DJI failed to stay above yesterday's high, and looks set to close below yesterday's close. I may be wrong, but the top may just have been made today. Remember - you read it here first Meanwhile, DAX is ...

Carpe diem: Intraday tactics for Dax and Dow

DJI is forming a potential top here, turning down from Composite Index divergence. For the significance of this, see this paper: url

Carpe diem: Intraday tactics for Dax and Dow

Interesting morning. I missed the early move down due to having a workman in the house. Then long from SMA200, and now a short from 12980. Looks like it's going to be downhill until NY open. EDIT: Closed just north of 12950 when DJI stopped at 50% ...

Carpe diem: Intraday tactics for Dax and Dow

We are lived by powers we pretend to understand: They arrange our loves; it is they who direct at the end The enemy bullet, the sickness, or even our hand. wrote W.H. Auden. See url

Higher Edge within a Single Candlestick

Today's trade in a picture. Should have held until SMA200...

Carpe diem: Intraday tactics for Dax and Dow

Closed at 12935 due to low volatility.

Carpe diem: Intraday tactics for Dax and Dow

Needless to say by now, I'm on the other side - short from the Globex close with stop at BE and target around 12920.

Carpe diem: Intraday tactics for Dax and Dow

Oh, I've seen many cases of individuals contradicting that, and that amongst professionals.

Higher Edge within a Single Candlestick

Of course, but the point of my post was a different one. Did you read the linked article?

Higher Edge within a Single Candlestick

Perhaps worth noticing: For seven days in a row, the H4 candle opening at Xetra cash open has closed below its open, except for Thursday when it closed at its open. Today's candle may or may not break the pattern.

Carpe diem: Intraday tactics for Dax and Dow

Wednesday's low and SMA200@H1 around 12890 next level of support.

Carpe diem: Intraday tactics for Dax and Dow

Ka-ching.

Carpe diem: Intraday tactics for Dax and Dow

1. Overbought on the hourly 2. SMA50 pointing down with SMA20 below 3. At key level 4. DJI turning down too 5. Plus some proprietary indications.

Carpe diem: Intraday tactics for Dax and Dow

I seem to be the contrarian today too.... Short from 12978.5 with 12941 as target. It may stop around the pivot though.

Carpe diem: Intraday tactics for Dax and Dow

It's very simple - you're too stupid for words: I say, in my reply to ST, that I am not talking about Copernicus at all, yet you respond to me asking And on it goes with further morose questions, indicating that you hadn't understood a thing of what ...

Higher Edge within a Single Candlestick

You should get yourself a BarkBox.

Higher Edge within a Single Candlestick

Keep on running, mate

Higher Edge within a Single Candlestick

Very good comment ST. I don't know Copernicus at all, and can't speak for or about him, but generally speaking an over-analytical and/or over-intellectualised trading approach is the telltale sign of a fearful trader. I know so because I've been ...

Higher Edge within a Single Candlestick

Thanks. As to your question, one knows it after price has reversed, as seen from an hourly or faster chart. At least, that's how i approach ir.

Carpe diem: Intraday tactics for Dax and Dow