FTSE, DAX, DOW Trading Ideas and discussions

[Dentalfloss]

Worked well this morning
QUOTE=dentist007;2579200]Dax into the open
Horizontal supp at 10800Res
horizontal res at 11000
but..if you look at 60 min candle..there is a downtrend line from 11304 high on 1st July at 4pm
price is now stuck at trend res
it should break this res and then pullback
in fact downtrdnd starts on 26 june at 4pm uk time

11120 prev supp...could be res if 11k breaks
latest trend is up[/QUOTE]

 

[Atilla]

Horizontal supp at 10800 kicked in. Will it hold ???

 

[Atilla]

DAX 15m charts - moving within trendlines - gravitating towards PP @ 10860-50

So far so good...

10800 support has failed.

10760 is the support level on the upward sloping green trend line.

10726 is PP-S1

 

[wysiwyg]

That's my 10m chart for the day. I also had horizontal support at 10,800 but thought we could spike down to around 10,770. 1M chart was oversold at 10765, so good to catch a 30-50 point rebound back to the centre of the band on the 10m chart.

Open 2 buys, 1 sell at middle of the band, 1 move the stop to the bottom of the band (1m chart) as it moves up.

 

[wysiwyg]

Not foolproof stopped out at 10,808 on 1, still made 70 points out of the move, maybe should have put stop slightly lower

 

[Atilla]

Waiting for US open.

See SPX got evicted from 2085. Heading back down to PP. 2067.

Bulls lacking appetite. Beware of the dark side. Neutral to negative bias.


DAX really playing PP narrowing wedge range well. Watchout for breach of trendlines to either side. :|

 

[Atilla]

Gold just fell off 1160. China factor. Risk on imo. Added to longs.

 

[Atilla]

Still in wedge... Oooohhhh... Bulls having siesta. Wakey wakey


Juncker and Tsipras comes out of talks shaking hands and rubbing backs. Hey presto, DAX flies...

Am I dreaming. Someone pinch me. :cheesy:

 

[wysiwyg]

Gold just fell off 1160. China factor. Risk on imo. Added to longs.

Will be interesting to see if copper holds 242 (29th Jan low), Oil, Gold, all falling, don't know if it's just EURUSD, or China demand issues, 2008 déjà vu?

 

[Dentalfloss]

get ready for 1000 point rally on dax

 

[Dentalfloss]

Radin...what do your wave charts predict ??

 

[Dentalfloss]

Chirro saying a failure to get above 10738 gives sub 10650
Bounce at 10643..possible

 

[RadinSG]

Radin...what do your wave charts predict ??

Sorry been busy driving on the roads in thailand. Since I last checked, we are on wave 4 and was due for a rally on the contunuation of wave 5. The markets are largely news driven now so best to. Look in to price action live

 

[Atilla]

Wow - Nice moves.

DAX managed to hold 10700. That's amazing.
Euro held 1.09.

Is this the China 1929 effect kicking in. Right we need to find out who's been dumping and report them so they can get their asses kicked.

Added another long pos to gold at 1151 which is PP-S3 on my chart.

 

[Dentalfloss]

as we said at 7.30 am
either way
...lol

thats how it looks on 30 min
could go either way

 

[Atilla]

Daily DAX - that last red candle looks awfully grizzly...

I would say 10725 - PP-S1 support has failed.

Next support or target for shorts is @ PP-S2 - 10572.

10600 zeros may act as some support but PPoints says 10572.

 

[Atilla]

Is this the late rally kicking in or a dud from the bulls ???

 

[Dentalfloss]

price needs to stay above 10743..Chirro says

 

[MichaelJohnFX]

A much clearer view over the past 3 months. Next area is 10650 area imo if trend is to continue. We had it marked a few weeks back and I also heard a few of you spouting that area as well - correct if I'm wrong If 10800 breaks and that break holds, we'll probably go to that level.

If 1000 point rally is be to believed boy I'm looking forward to that

We got decent bounce from that though.

Set up for tomorrow includes that as sup.

 

[Atilla]

If 1000 point rally is be to believed boy I'm looking forward to that

We got decent bounce from that though.

Set up for tomorrow includes that as sup.

I'm up for a 1000 point rally. Could do with another round of popping in some more short sells. :clap: