FTSE, DAX, DOW Trading Ideas and discussions

[tokyojoe]

morning Dentist & all, agreed, overhead has problems on higher tf on most main levels.

My focus is mainly 5 min structure for my two 3hr time windows (after all higher tf are checked).

Yesterday the 5 min stayed solid even after it's wobble, bias is always temporary.

So if the intent is up, 1 min will be used to spot potential entries & more importantly traps/carrots

same for the intention of new flow down

For me today : established higher overhead problem areas

then use 1 min & 5 min within the trade 2 trade windows, with the higher tf as potential targets, overhead problem areas can obviously be busted out, so this is taken into consideration.

For me In the moment of decision, It's all about spotting inducement traps, working out risk, i.e is the potential 20 point target bit of leg on show worth the risk of the potential 20 point space around it etc, price quotes, speed of flow, watching for possible rinse out areas.

Good luck all

 

[Dentalfloss]

well.11753 area did not hold
a small loss taken trying to short
missed the break to 11800
i had 11813 marked on the chart at the weekend.was not expecting that

 

[Dentalfloss]

made up for that with a short from 800 and scalp long for the retest
cannot complain

 

[Dentalfloss]

scalp short again from 815
that area to me is big res...but..who knows

 

[tokyojoe]

Hi Dentist can I ask you who your broker is please ?

were you offered 815 after 8.25am ?

 

[Dentalfloss]

thinking that move up to 11800 is some stop chasing

 

[itspossible]

just seen this !! you might want to be clearer about who you are aiming your guns at ??

If it's me for some reason, you need to know I don't come on here to swing my d!ck about or look to being billy big b@ll@cks , I have a few suggestions here & there to share with others & for my own record.

I rarely look at the forum at this time of the eve, but this post is BS whoever it's aimed at !!

i dont think jessies post was meant for you joe.
what do you think it means.
jessie may tell
i have a view.

 

[itspossible]

especially Dentist lately have added quality to the forum, we can have a laugh,
good luck tomorrow

i like the dentist but i would like to ask him why he has switched from the original ftse thread??

 

[tokyojoe]

this just feels like a rinse atm

I am not going to short just yet, it is going to mean a worse price possibly, but 5 min still building

If anything it may just pop

it's 8.43 & it's too high for me to buy into a pop, but I feel a short is too risky atm

 

[tokyojoe]

i dont think jessies post was meant for you joe.
what do you think it means.
jessie may tell
i have a view.

do you actually trade ??

 

[tokyojoe]

actually I'm switching off the forum for a couple of hours, sticking to my rules

good luck all

 

[myattitude]

dax 1min for the past half hour is like when you're about to sneeze then realise you dont have a sneeze after all

 

[Dentalfloss]

brain dead....durr

 

[Dentalfloss]

one of the lessons you learn with point and figure is to set aside emotions
aqua line was a triple-top breakout...something i always trade
anyway..that is the 1 min chart shows uptrend from yeterday
no sign of any recoil
dax is bullish as we said at the weekend

 

[Dentalfloss]

tick chart was really bullish aswell
double whammy

 

[Dentalfloss]

dax getting overbought

 

[Jessi_trader]

Good Morning All

DAX is changing the pattern, that means more chopping ahead....

 

[Dentalfloss]

ecb increasing QE in may and june
dax rally
eur tank
dax had a whiff of that yesterday

 

[Dentalfloss]

scalping the range for the last 60 mins

 

[Dentalfloss]

that overbought should get unwound