FTSE, DAX, DOW Trading Ideas and discussions

Russell 200 stuck at a res....dow and spx wont go far if that stays stuck
needs to pump that 1280 area
 
Good news imo as numbers positive for housing starts and new permits.

So no reason for Fed not to hike rates.

So short term Dollar > Sterling.

However, Carney indicated rate rises getting closer in the UK too and by the end of the year highly probable if markets don't tank.

Hence expect cable to fall and rally back up or maintain current levels. Will maintain long bias.


Question is who will raise rates first. I'd expect the FED to lead the market. Some analysts suggesting there is no reason for UK not to raise them first.


In summary still bullish on cable coupled with positive noises coming from EU.
 
DAX is holding PP level 11700.

You guys were right about 11650s being preliminary support.

Can't see much else happening for rest of day. Depends on what US does with their open.

Blind guess they'll take market higher and then drop it towards the end of the day.
Can't see reason to sell now? :rolleyes:


:whistling
 
Looking more and more like a dump to me... Technically that is.

Overbought and extended. Tests on the cards (n)
 
chronictrader said:
Need to learn how to do OCO - went on youtube for a tutorial and was just confused :S
Click to expand...


In summary one cancels the other.

Place two limit orders; buy/sell.

As soon as one of them is activated the other pair is cancelled.


That's it in a nut shell. On my platform it's well confusing too. CMC had a good version of it.
 
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