FTSE, DAX, DOW Trading Ideas and discussions

[Dentalfloss]

but...that is what we want
indecision
so...lots of volatility

 

[Dentalfloss]

dow looks in better shape
it met its target from the downside vertical count and bounced
still in neutral territory

 

[Dentalfloss]

a test of 11675 area which was res yesterday
then a decent rally
pretty predictable so far

 

[Dentalfloss]

rally to 11760 area which was supp on 5 min candle

 

[Dentalfloss]

11770-11788 is a bigger res area

 

[Dentalfloss]

scalps into/ then shorts off the 11770 res as we had it marked

 

[tokyojoe]

Morning, experimented with an arbitrage trade this morning, between 8 & 8.30am IG kept their price approx 6 or 7 points adrift of DMA, so thinking I was a cleaver bollox I bought Dax at 11726 while DMA was between approx 11730 & 11733 & rising, result 9 point loss (chicken'd out) it immediately rammed down (dma did too as it was a trap all of it's own at higher price level) then floated around for about 40 mins in a 20 point range collecting all manner of positions before it's 9.03 am grind up. I Lost the will to live staring at the grind by then.

Since then I've missed the "grind down" from 10am

If you look back on the chart, it looks all dramatic, it wasn't, it was & is a grind. Why I entered in a grind is another matter.

Basically trying to use surgical instruments is a waste of time, I have personal stuff to do today, so back in tomorrow, but in instead of a laser I'm coming back with a hammer !!

More a case of monkey see, monkey do !!

Good luck all.

 

[RadinSG]

scalps into/ then shorts off the 11770 res as we had it marked

gd call. Ive been shorting at 11770 thrice from yest and twice so far tdy. As well as buying from the 11710 and scalping off the 3, 5 min chart :cheesy:

 

[Dentalfloss]

gd call. Ive been shorting at 11770 thrice from yest and twice so far tdy. As well as buying from the 11710 and scalping off the 3, 5 min chart :cheesy:

Excellent

 

[MichaelJohnFX]

Great moves this morning guys.

A break above 11800 would probably be a long for me. For now using the 11770 area as a place to short, and 11680-11700 as a place to long. Market going to trade in these tight ranges until something comes out regarding Greece

 

[Dentalfloss]

a good chart of the dow
15 min data
we got a fake move/ the rally up from pink horizontal
then a move back down which gave us a bear trap/fake bearish signal followed by a turn and a move up
res is at 18300 area/red

 

[Dentalfloss]

that trap we were ready for...they could not fool us again...lol
was not trigger shy for that one

 

[Dentalfloss]

a breakdown below the column of "O"s with 21 and 26 in gives us a very bearish downside vertical count

 

[Dentalfloss]

china down 6.5%
not sure if that will impact

 

[MichaelJohnFX]

Muted so far. Think this will probably encourage more easing from the PBoC

 

[MichaelJohnFX]

Great moves this morning guys.

A break above 11800 would probably be a long for me. For now using the 11770 area as a place to short, and 11680-11700 as a place to long. Market going to trade in these tight ranges until something comes out regarding Greece

Nice move up. Closed @ 11750

 

[MichaelJohnFX]

Looks like we're heading to 11620 area - spot on Dentist

 

[MichaelJohnFX]

...or maybe not...

 

[Dentalfloss]

...or maybe not...

we are in the zone now

 

[Dentalfloss]

18034 area is a test of supp..not sure if it holds