FTSE, DAX, DOW Trading Ideas and discussions

[Cigar]

the dip down just after 9am tested a pivot low back on 27 July

 

[Atilla]

I'm mixed up with the DAX. News and FA is certainly bearish. Can't see good news or good positive inputs at all.

TA 4H charts showing bullish setups for me.

The Gann line and 11200 may act as strong resistance and we may not get to 11282.

Wait and see game. Will not be taking any longs but wait for short setups on TA around R/S lines.

Thinking less is more day today. Rest day and all that.
Don't know if you guys have tried but putting on water proofs and going for walks in the rain is great fun. Thunder and lightning is a bit of a worry though.

 

[Dentalfloss]

time for tea and biscuits

 

[MichaelJohnFX]

time for tea and biscuits

Green tea and protein shake for me

 

[MichaelJohnFX]

Mornning

We've got trend and horizontal support @ 11050.
trend res in that 11140-11158 area. had that marked since yesterday.

Could get a nasty reversal from 11158 area. price consolidating on 30 mins. can't show a chart but there for all to see.

Should be a good day today. lots of bulls / bear tests

Quick scalp this morning off 11110 area res on 5 min chart.

Got that reversal from 11140 area price squeeze, instead of the 11158 area. 100+ points (not involved but got some of it). Trend is still buliish but bulls still running out of room. See 1hr, 30 mins, 15mins and 5 min chart.

 

[Atilla]

Other stuff!

Oil down (slowing global demand/increase in supply)
Gold up (on currency wars/devaluation risk)
Rate rises (counter productive to currencies & investment)
Company earnings under pressure (indeces over-valued)
Central Banks talk markets to death

Clear picture of where we are heading imo.

 

[f2calv]

Clear picture of where we are heading imo.

Another year of bullishness?

 

[Atilla]

Still thunder and lightning outside but life has never looked better.

Is it raining where you guys are?

We have 'the' International Birdman of Worthing this weekend too. Lots of fun, bands and shows on at the sea-front.

We are so lucky as Thur/Fri - thunder and lightning
Sat - bright and sunny, no clouds...
Worthing rocks!

Going to be a G8 DAY :clap::clap::clap:

 

[Atilla]

Another year of bullishness?

Haha - I hear you and agree. Another year of bull!


DAX trying to take out 11120 failed the HH test.

Addenda: Should test PP0 point first @ 11087.

If it doesn't hold then it will test 11054 before next leg up.


Still looking bullish to me...

 

[MichaelJohnFX]

Sould make a HH @ arpound 11170-80 area.

 

[Atilla]

Sould make a HH @ arpound 11170-80 area.

Yes, no retrace required so onwards and forwards.

Thinking 11200 and then 11282 now.

Bullish yes. Looking for OB areas and bulls running out of steam. Waiting, watching, listening.

 

[MichaelJohnFX]

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.

Gap still needs filling.. . Should see some resistance around areas posted earlier.

 

[MichaelJohnFX]

Mornning

We've got trend and horizontal support @ 11050.
trend res in that 11140-11158 area. had that marked since yesterday.

Could get a nasty reversal from 11158 area. price consolidating on 30 mins. can't show a chart but there for all to see.

Should be a good day today. lots of bulls / bear tests

Quick scalp this morning off 11110 area res on 5 min chart.

Right on the money.

Still stacks loads res above

 

[Local1]

hi guys, channel formed on 1/5min chart.

happy trading

 

[MichaelJohnFX]

Areas for the afternoon:

11052 - was a breakout from this morning as well as trend sup.
11170-11180

And of course watch for any price squeezes for the pumps and the dumps

 

[MichaelJohnFX]

dax wants to dump/ pump. See 5 mins.

Gonna be a good breakout play

 

[MichaelJohnFX]

dax wants to dump/ pump. See 5 mins.

Gonna be a good breakout play

Just out at 11067. Target was 10 points more but I'll take that

 

[Atilla]

Markets just got spooked. All good. Some shorts on SPX scalped.

Here is a PnF effort on DAX.

PP0 @ 11087 failed to hold. Looks like 11150 has acted as major R.

Waiting for US open. Expecting a bounce up. Looking to scalp some more shorts as I'm not convinced of any bounces about why we are even having them.

All bull... :cheesy:

 

[Dentalfloss]

spx just broken an internal uptrend line
chart comin
coincides with res we had marked on dax at 11137-11152 area

spx 1 minute

 

[MichaelJohnFX]

Bad bounce, out for a small loss.