FTSE, DAX, DOW Trading Ideas and discussions

dow lookin overbought on 5 min data

iyjtxv.jpg
 
nice moves on cable,gbpjpy..unwind the oversold
anice inwind of overbought on dow,spx and dax
job...nearly done....lol
 
Stop sell hit at 18309. SL @ 18509.

This entry is based off weekly charts. Negative divergence with MACD since last Nov/Oct. Don't have much faith in the rally either.

Target area is around 17800s...


Will see how it pans out...



SL set to +10 @ 18299.


Will re-enter if DOW shoots above 18300s with another trailing stop limit order.
 
stopped out @ 60

I thought this had swung well into +ve territory and thought you did well to call the short.

I think as Postman said, bad news is good news and good news is GOOD news too.


Never like giving back gains. :(
 
I thought this had swung well into +ve territory and thought you did well to call the short.

I think as Postman said, bad news is good news and good news is GOOD news too.


Never like giving back gains. :(

Yeah... I had about 70 points but I work on bit longer term trade... that's why I am testing levels.....
 
Also, if I change style.. creates lots of mental problem for me.... :mad:

I start catching fish everywhere.....and eventually lose a lot ...

so I keep it slow ....:cheesy:
 
tips of the day...

whenever you see things like the stuff in the yellow circle at resistance level...there are more than 75% chance the low of that candle will be tested...
 

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I think so too.

fwiw imo - Short the DOW and go long on DAX :idea:

Should come away with +ve pips. :rolleyes:
Hi Atilla,
Good to see you.
Dax has been good today, although it is near the ITD/MC1 H 5, which when reached will spell a small pull-back.
Dax has a lot of catch up to do in relation to DOW.

Greeks scenario might be the "reason" for a temporary pull back when it comes.

Elected Athenians with their "reassuring" smiles and positive noises are only a proof that they are under Ouzo influence, far from any degree of reality, probably reading some Lenin's works, before they cut the electricity off.
Only inebriated Brussel's lot can stand such a company and make any (non)sence out of it.:LOL:
 
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