FTSE, DAX, DOW Trading Ideas and discussions

[Dentalfloss]

dong..straight up to our 11575 and out
shorts in

 

[MichaelJohnFX]

And a short scalp taken from 11580 lovely.

 

[Dentalfloss]

mornin Attilla
we already have 150 in the kitty from 11575

Good morning all,

Here is 4h DAX chart with PP levels for today.

We are breaking to the upside out of our trend line and key decision time for the H&S neckline. Numbers are bullish.


We are trying to take out R1 with a view to reaching up for R2 @ 11752.

Red line is the PP @ 11335.

 

[Dentalfloss]

that tinge of bearishness in dow and spx is intensifying...very slightly

 

[MichaelJohnFX]

11560 looks like support on 1 min chart.

 

[MichaelJohnFX]

Not getting involved though. I'm happy this morning lool

 

[Dentalfloss]

back down to 11552 / a prev breakout point..nowt new

 

[Dentalfloss]

bounce off that

 

[Dentalfloss]

now the big question
the retest of 11575 approx 20 mins ago
is that the downward spiral that just started ??
or is a new upmove ??

 

[Atilla]

SPX

Previous supp trend line becoming resistance.

See spx between 2130-2120. Like to see it out of that range. Prefer the down side, but who knows???

PP @ 2122 Looking to egg to the upside.

Included chart from couple of weeks ago to show bigger picture.

Decision time but we need new input and data one way or another to take a view. No reason to be cheerful so sell the over-hyped markets fwiw imho.

 

[Atilla]

DAX will try to take out R1 @ 11606

About to breakout from 11580

 

[Dentalfloss]

now the big question
the retest of 11575 approx 20 mins ago
is that the downward spiral that just started ??
or is a new upmove ??

could have gone either way...we got the upmove...oco /long

 

[Dentalfloss]

check out 5 min
dow /spx last 90 mins ish
a possible new downmove forming

 

[Atilla]

check out 5 min
dow /spx last 90 mins ish
a possible new downmove forming

Yes it does however, I think it's a dud. Likely to bounce off 18120-18100. Opportunity to go long.

PP @ 18117 - will only switch to shorts if it falls below 18100.

 

[Atilla]

I think we are going to have these narrow sideways move until Grexit announcements are released.

I've been sticking sell limit orders in below the rises.

Expecting a big fall out and hope to catch it when it happens.

 

[Atilla]

DOW

4H chart showing PP - Levels.

Looking over bought and consolidating above PP @ 18117.

imo building base to reach up towards R1 - 18200.

 

[MichaelJohnFX]

Scalps from 11585. Dangerous territory though. Either getting ready to pump, or completely dump haha

 

[MichaelJohnFX]

This has all the makings of a bull trap haha. God help anyone long and this thing reverses.

 

[Atilla]

Scalps from 11585. Dangerous territory though. Either getting ready to pump, or completely dump haha

Too right!

 

[MichaelJohnFX]

11620 - 11630 (the perfect bull trap area). We have it marked haha. We'll see.