FTSE, DAX, DOW Trading Ideas and discussions

[MichaelJohnFX]

Come 3 o'clock we'll probably break that res area tbh

 

[Atilla]

Come 3 o'clock we'll probably break that res area tbh

PP 11045 is where will end up I reckon - give or take 50 pips.

 

[Dentalfloss]

2052 pivot area...revisit ??

 

[MichaelJohnFX]

I should really start trading the S&P haha i only do the DAX

 

[MichaelJohnFX]

any real benefit??

 

[MichaelJohnFX]

Dax consolidating in a tight range - read to dump or dump. Most likely pump

 

[Atilla]

any real benefit??

Less volatile imo.

Easy to read, but I only short the SPX.

Let it rise and short limit sell below it and then collect. Absolutely, fabo

 

[Atilla]

2052 pivot area...revisit ??

Just wondering where you get this Pivot D?

My charts show 2070.

 

[Dentalfloss]

 

[Dentalfloss]

rally to 2076 was a gift this morning
it retested a few times aswell

 

[Dentalfloss]

shouold be alot of support there

 

[MichaelJohnFX]

11070 working extremely well this morning

Nice little 135 point move off that. Had my order in @ 11075 though. Done and dusted for the day

 

[Dentalfloss]

looks to be dumpin down to our pivot

 

[Atilla]

looks to be dumpin down to our pivot

My Pivot has been well breached.

Heading to PP-S1 @ 2048.6 on chart...

 

[MichaelJohnFX]

here is your guide for the day

1 minute data over the last 24 hours
trends shown

Thanks for this Mr D. This setup worked incredibly well today

 

[MichaelJohnFX]

DAX,

Gap seemed like an over reaction and was pretty early recovered. Seeing stable euro holding 1.09 and not collapsing rallied promptly and with gusto soon after markets opened.

Merkel's conference coupled with her coalition partner showed a unified and strong response just before US markets opened. Door was also left open for Greece to continue with negotiations after their vote which was positive.

11200 and 11300 were key targets as they were previous support lines.

They failed to hold however and we are now back to market open.

I don't believe this is to do with Grexit but more China and over-heating of markets facing bubble territory imo.


Where do we go from here?

Green lines are support and resistance lines commented on in bloggs below.

I think 10800 likely to be S/R point sooner or later.

I'm not confident of the rallies but would expect another one. Will go with PP and S/R numbers but don't know what they are at the mo.

Will have to wait for sod chart tomorrow.

First chart is Daily
Second chart is pre market 15m.

Also for this as well Atilla. Really helped get my set up right for today. Particularly that second chart. Will post my areas for tomorrow later

 

[Dentalfloss]

2055 was near enough for me for a move upward

 

[Atilla]

2055 was near enough for me for a move upward

There is something about that 2055/56 area. Repeat of yesterday.

Only a matter of time before it is demolished

 

[MichaelJohnFX]

One massive smiley face from Mrs Daxy before she messes some people over

 

[MichaelJohnFX]

Massive upward movement, I think, because of the massive yes vote turnout haha. The creditors have done a great job in scare mongering the greeks