Recent content by Dave24898

Choppy price action and no trades so far today. Support at weekly PP.

NFP surprise to the upside...odds of Dec hike now around 75% Wait and see how the market digests it.

Are we back to bad news is good news territory? With the possibility of further QE around the world, the markets are appearing relaxed about poor inflation and production numbers. US jobs data at 1.30 GMT and I expect prices to be in a holding pattern until then, see how inflationary the data...

Results for first morning. Two trades short. First was a clear reversal and the second reversal after the break. This failed and price reserved (that upward trend support on the hourly...see above). Didn't hold either trade, so lost out in the first as it ran much further but gained in the...

DAX finding some support at Y's low and around weekly pivot. Uptrend support possible here, coupled with high volume at price area. 'Economic recovery is proceeding'...haha

All quiet before the cash open. Swiss Inflation data release at 08.15 and ECB economic bulletin at 09.00. Backdrop of lacklustre growth in Germany and deflation still gripping the eurozone. China the elephant in the room, giving the Fed good excuses not to start rate hikes. More easing from...

Opening balance

I will start trading the DAX from tomorrow. I will be using a fast 200 tick chart and daily pivot levels. The style will be based on reversal patterns, trend and range and my risk/ reward ratio will be a minimum of 1:1. I will also use an hourly and daily chart for reference. I will trade for 2/...