FTSE, DAX, DOW Trading Ideas and discussions

[Dentalfloss]

dax stalled at the gap
4 hour candle

ignore grid numbers in blue

 

[Dentalfloss]

pretty predictable price action today...so far !!
gap fill starts at 11350
seems to be a confluence at 11380

 

[Dentalfloss]

spx stalled at prev supp
the gap is higher in 2095 area
so..we need to get thru 2090 to go on to 2095 and the big number at 2100

ignore grid numbers in white

 

[2be]

Dax is getting ready for tomorrow morning PA
11165 an important zone for dax
Dax has not achieved 127.2 ext of it's biggest move today, bur has bounced from 38.2 Ret
If that retracement holds, bulls are happy, if not, some more downside pressure tomorrow morning, and longs above today's close at 21:00 shall be more secure.
Dax also hit ADR zone at 11255
Currently sitting in the region of that support of 38.2 Fib Ret
PA well above the zone of yesterday's close at 21:00 (US session close)

Have added P&F
The posted one is set up as Box 7 reversal 2
I also use another set up alongside that box 21 reversal 2
The blue, gray and red lines is the us close +/- 10 pips. I call it war zone
On P&F chart this war zone is not that exact as on ordinary M3 , M5 or other TF, it just served as orientation zone.
I have the other chart like H1, M30, M5 and M1 continually open on one computer and P&F on the other.

 

[Dentalfloss]

spx a quick look
downtrend got taken out/red
but
a few fakes..the latest rally/green has not been supported...could quite easily turn down

 

[Dentalfloss]

dax
could be a fake

 

[Atilla]

DAX rejected 11250... R2.

Yes expected from referendum but could be close so small step up to PP-R1 @ 11123.

In a new band imo between R1 & R2.

 

[Atilla]

spx a quick look
downtrend got taken out/red
but
a few fakes..the latest rally/green has not been supported...could quite easily turn down

I prefer the down move on SPX and oil has also fallen below 58 for the first time in some while.

Iran supply and/or market demand weakness factors showing through imo. WTI @ 57.62 Yey


SPX shorts are in. Looking for 60s again...

That PF chart looks bullish. On my charts I see LH so jury is out but 50% recovery seems possible.

 

[Dentalfloss]

spx moving down nicely
breakout point on chart posted was 2067 area
in that zone now
lets see the bounce..if any

 

[Atilla]

spx moving down nicely
breakout point on chart posted was 2067 area
in that zone now
lets see the bounce..if any

Good call D, bounced back up to 2075.

However, not much faith in the bounces at all.
WTI testing PP-S2 @ 57.15 and likely to fall further.
I have PP-S3 @ 56.37


I'm beginning to think rather than steep crash falls we are going to see market exercise a controlled retreat to 10-20% correction.

 

[Dentalfloss]

Back into 2067. And. Bounce

 

[Dentalfloss]

Another decent bounce

 

[Atilla]

Another decent bounce

Yes would like to see it in the 2084+ again.

DAX seems to be taking off from 11123 too.


Good easy day today - will have a look and post eod charts later. Need to catch the breeze

 

[2be]

Dax is on 50 fib ret of today's PA from L to H of the day (bottom left chart)

Aqua colour fibs from H of the 26 June to L 29 June 61.8 fib ret hit and reaction Red zone (double top)

White Fibs drawn from the L 29 June to H 1 Jul, Fib Ret 38.2 hit Green zone (R/S?)

11166 is dax close at 21:00 this evening
I shall be taking notice of that level tomorrow morning, basically long above it and short below it, in agreement with M1, M5 and P&F strategy for intra day trading

Two ADR levels top 11441.2, and L 10881.9 for orientation, I find them useful, though they repaint during the day when one level is hit. I like them, though it takes a bit of time to get used to them. I always look at ATR, ADR, especially during more "normal" days.

 

[Atilla]

Been out and about and fabo evening but running late with eod p&l stuff. Job's not finished until the paperwork is complete...

All three charts pretty identical and a good candle with green body has been put in. However, the range is either a LH or level to that of the inverted hammer.

What this CS pattern means - I dunno. :whistling
If anyone can explain I'd be happy to find out mi self.

Looking at all three charts - to me long term upward trend line has been broken and this is bad news. So we go sideways and downwards imo.

PP Levels are my road lanes and I'll try and adhere to it. Plan this morning worked well until market sentiment changed.

For DAX I hold the view we are likely to edge higher as market and everyone wants to see a deal. Referendum looks like a yes.

Big numbers from Uncle Sam tomorrowwww.... Ooooohhhhhh! Can't wait. Before the 4th of July so in this festive season of good will one would expect markets to rise. With the referendum on Sunday, it's going to be a brave man who holds it together. I'd sell tbh. Short the pants off it. Make sure you have protection though... :cheesy:

Catch you guys tomorrow...

 

[fxstrategist]

Ftse100

The FTSE100 seems to have found a good support, but it has not covered the gap left on sunday.

 

[Dentalfloss]

mornin all

 

[Dentalfloss]

nfp today
will spx fill the gap ?

 

[Dentalfloss]

bull test in 2090 area as pper chart posted in sweltering heat

 

[Dentalfloss]

approx 90 point gap on the dax..slightly less than 1%
11280 area to 11370 area