FTSE, DAX, DOW Trading Ideas and discussions

[Dentalfloss]

Spx moving down crom overbought
takin dax with it

 

[Atilla]

WTI came off 61.35 which was spot on R3 on my chart.

What do you see if I may be cheeky and ask Mr D?

I missed the turn.

Set limit sell at 61.80.

 

[MichaelJohnFX]

Hello Everyone,

Just landed back in the UK and feeling lagged. Been looking at the price action for Dax and tbh, it's been behaving pretty predictably. Bull trap earlier this morning then a tank...then major bounces off areas that have been marked 11,000, 11060, 10960. That's predictable to me.

 

[Dentalfloss]

still eating my cheese and pickle sandwich
looking in a few minutes

WTI came off 61.35 which was spot on R3 on my chart.

What do you see if I may be cheeky and ask Mr D?

I missed the turn.

Set limit sell at 61.80.

 

[MichaelJohnFX]

Dax possibly gearing up for a pop. Waiting for confirmation..

 

[Dentalfloss]

crude oil inventories and fomc
we got an unsupported breakout today to horizontal res
lets see if the bulls can stick with it

 

[Atilla]

still eating my cheese and pickle sandwich
looking in a few minutes

No rush, bon appetit

Still waiting for bulls to trip over themselves. :cheesy:
I could be wrong :|

61 seems to be holding so perhaps 62 is on the cards


I can also see previous turn from 61.40 which would explain 61.35 PP-R3 level today.


Thank you very much Dentist. P&F charts are growing on me.

 

[MichaelJohnFX]

Long dx 11004. Stop loss 10

 

[Atilla]

Long dx 11004. Stop loss 10

Come on 11170 PP-R1...

Looks like a good call from base 000s.

 

[MichaelJohnFX]

Long dx 11004. Stop loss 10

Stop moved to breakeven

 

[Dentalfloss]

a quick dump to our 60.63 area

 

[MichaelJohnFX]

Stop moved to breakeven

closed out lol great.

 

[Dentalfloss]

and a bounce

 

[MichaelJohnFX]

Waiting @ 11901 if it get's there. Then 11885, then 11860 - heaven forbid. 11030 was resistance. I was aiming for 11040 - 11060 to close the position - never got there ah well haha

 

[Atilla]

I have 60.84 as R2.

It's still on an uptrend.

Short term indicators pointing up.

3:30pm US Crude Inventoriies coming out...



Spx & Dow having a flutter moment too.

 

[MichaelJohnFX]

This is all dependant on news. If FOMC decide to raise rates, I'm removing all of those.

 

[MichaelJohnFX]

If we get to 11940 area we may get a bounce - diagonal support.

 

[Atilla]

This is all dependant on news. If FOMC decide to raise rates, I'm removing all of those.

Best to be stand-offish imo.

One can get big moves either way.

Sure way to burn as some would say :whistling

 

[MichaelJohnFX]

Best to be stand-offish imo.

One can get big moves either way.

Sure way to burn as some would say :whistling

100% agree hence they've all been removed.

Whenever the first rise will be, it's gonna be a catastrophe.

 

[Dentalfloss]

dax coiling