FTSE, DAX, DOW Trading Ideas and discussions

11980 was the breakout point. Nice marker for today, and possibly even tomorrow if it doesn't get there today. But we've got minor res @ 10950 as well
 
chronictrader said:
11980 was the breakout point. Nice marker for today, and possibly even tomorrow if it doesn't get there today. But we've got minor res @ 10950 as well
Click to expand...

I think that 10950 is significant too.

Here is my PnF chart... which is what the long DAX was based on.

Feeling riskpro...

Mr D - What do you think of my PnF long shot?
 

Attachments

  • DAX_PNF.GIF
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Atilla said:
I'm thinking RSI is positive so likely to try for 11000... Impending breakout to the upside.

Just got filled long @ 10935.8... SL @ 15
Click to expand...


Up +10 wheheeyyyy. Feels strange being long. No pun intended. :cheesy:
 
Euro coming off the highs I think PP-S3 @ 1.12270.

Likely to support possible change in DAX trend to test 11000.

Had Euro in range as 1.08-1.12. However, it may breach 1.12 now with all the new currency adjustments. Will have to take a closer look.

Cable up @ 1.56139 PP-S2.
Gold up @ 1123 just above PP-S1
WTI down @ 43.07 trying to hold on to PP-0
 
Atilla said:
I think that 10950 is significant too.

Here is my PnF chart... which is what the long DAX was based on.

Feeling riskpro...

Mr D - What do you think of my PnF long shot?
Click to expand...
looks good
however
the "x" and "O" s are squat
they have to be properly formed to maintain the aspect ratio
ie elongate them to their natural shape
are hilo or close plot ?
 
dentist007 said:
looks good
however
the "x" and "O" s are squat
they have to be properly formed to maintain the aspect ratio
ie elongate them to their natural shape
are hilo or close plot ?
Click to expand...

My charting package is not dedicated to PnF but has it. Jumps around a lot too.
I have tried changing length width etc but too much hassle. Prefer the bigger picture.

I do like the straight lines and how much easier it is to see S/R levels.

I keep one with CS and this PnF side by side on 5mins so see a nice picture of the moves...

DAX storming. Will leave Trailing SL at +10 bound to close out soon. Good run.

Catch you guys later. (y)
 

Attachments

  • DAX_PNF.GIF
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  • DAX_PNF2.GIF
    DAX_PNF2.GIF
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5 min data
i have eliminated most of the rubbish
we can see the move down at the open
then we got some long recoil columns...long columns of "X"s..great for scalpers
we then just messed around with 11060 and 10985..with lots of points in between
we were out a bit with the low...who cares...we got virtually all the action as compensation
 
34tbyvb.png


Came home to this. Trend line hit exactly on the spot - didn't trade however. Was trying to get this chart earlier in the morning but my phone just wouldn't got that far. But wow, exactly on the money.
 
dentist007 said:
Good pumping on spx and dax
Click to expand...

yep rally across the board, think people realizing that china story not that bad really and truly. covered all my trades, on sidelines until tomorrow.

looking at the german bund. has to correct if dax rallies.
 
dax daily channel formed since april
 

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