DAX and DOW thread

#1
Hi traders,

I thought id get a little thread going for this specific instrument.

Hopefully I can share calls using no indicators other than supply and demand zones with 'trend' in mind.

Previously missed
Long from 9920 (last week) and
Long from 10120 today (25/07/2016).

I will sit on the sideline for now and wait for 10120
 
#2
"Previously missed
Long from 9920 (last week) and
Long from 10120 today (25/07/2016)."


First target met for these trades @ 10340. Profit: 420pips risked 50pips.

FTSE100 returned back to BREXIT levels followed by DOW and now DAX - DAX yet to revisit its all time high like DOW - Is there enough in the tank? or we plummet based on fundamental?

Will look at next trade soon - Potentially another long from 10340 with targets 10485 but will be next week maybe.
 
#3
Peaked 10387 this morning so far but second target @ 10485 for this current momentum.

No shorter around if you look at weekly/monthly candle and last 2 days of trading left for July too.

Keep buying the DIP supports zones IMO
 
#4
Peaked 10387 this morning so far but second target @ 10485 for this current momentum.

New week....DAX almost hit second target 10485....peaking at 10473 before dumping and now currently trading 10140....that is a wooping 330+ drop. I had a sell order from 10485 so I missed the ship - Second sell order @ 10344...peaking at 10338 this morning - Missed that one too!

On sideline for now not forgetting it is the NPF week.
 
#5
Was stopped out by 2pips - Was long 10110. Stoploss 10994, lowest 10992...now trading 10250+

Target for this trade was monthly open @ 10400+

10980 to 10110 is a support zone on weekly timeframe - Buy the dip IMO but keep the stop losses tight....its all about risk reward in this game....risk reward with immense patience if you only trade a single market.
 
#6
If DAX finds support @ 10485 zone on 4hourly+ timeframes.....be warned that it will rally like a real storm by another 400-700pips.

May have to observe this one closely today/tomorrow and see if I can get on the train early.
 
#7
Was stopped out by 2pips - Was long 10110. Stoploss 10994, lowest 10992...now trading 10250+

Target for this trade was monthly open @ 10400+

10980 to 10110 is a support zone on weekly timeframe - Buy the dip IMO but keep the stop losses tight....its all about risk reward in this game....risk reward with immense patience if you only trade a single market.
If I didn't get stopped out....would have been 340pips+ with risk of 20pips - Instead I selfishly used 16pip stop loss!
 
#11
If DAX finds support @ 10485 zone on 4hourly+ timeframes.....be warned that it will rally like a real storm by another 400-700pips.

May have to observe this one closely today/tomorrow and see if I can get on the train early.
DAX Trading 10730+ and todays highest was 10805....That's almost 320pips+ on the long side.

All these indices are making higher highs lately....
 
#12
Key levels I am waiting for is

10340 on the upside and 10870 on the downside.

Highest it went was 10800 and this week, it spiked around 10385 and now trading in mid-range 10600s
 
#13
Am favouring DAX to fall 10340s during NFP so we can all go long and target 10870s.......

Why? Monthly candles are bullish and fresh new candle will potentially start on a bull run too....

Still dwelling the fact of missing going long from 9920 (Post number 1)
 
#14
Motions have changed after that steep drop on Friday......Will look at shorts starting from 10475...35pip stop loss....targets will be 10110s

It didn't rise to 10875....highest 10803......currently trading at 10350s
 
#15
Motions have changed after that steep drop on Friday......Will look at shorts starting from 10475...35pip stop loss....targets will be 10110s

It didn't rise to 10875....highest 10803......currently trading at 10350s
-25pips loss yesterday.

Quite aggressive retracement yesterday.