FTSE, DAX, DOW Trading Ideas and discussions

chronictrader said:
That 9438 area became res...was support on Friday. Decent movement off it. Also got an overnight Bounce from 9388. Obviously asleep lol
Click to expand...

a quick scalp off the 9438 area...two areas of importance here - 9383 and 9438 - catch the break of either - wait for the confirmation.
 
If you're looking at this purely from a technical perspective, you could argue that we started a downtrend on the 26th Feb. We're simply in a holding range, waiting for the downtrend to continue...this all depends on what TF you're looking at too.
 
We got the move down - too quick to catch it though :LOL: but move came into our 9355-9333 area we marked over the weekend. We then tested 9383 area...scalped the move down. Morning done - very good movement.
 
Can someone please explain to me why the hell europe went up yesterday? I was sitting here listening to cnbc and it was reported around 5am est that China's central bank said it will lower the amount of deposits banks hold in reserve by 0.5 percentage point so free money will just be given away.......the markets shot up. Down trend cancelled out. Europe bounces back. WTF is this? Why are these chinese making these announcements out of no where in hopes to save their **** markets. Anyone else witnessing weird **** where spontaneous news is changing direction more frequently this year? 2016........every other day is like major earnings report
 
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