FTSE, DAX, DOW Trading Ideas and discussions

[MichaelJohnFX]

If 11100 can hold we should move to 11140 area. Or where does everyone else see as the next res?

 

[Dentalfloss]

If 11100 can hold we should move to 11140 area. Or where does everyone else see as the next res?

dax overbought on 1 min

 

[Dentalfloss]

dow 5 min data
these intense trends cannot be maintained for long periods

18090 prev breakout point

 

[counter_violent]

dow 5 min data
these intense trends cannot be maintained for long periods

18090 prev breakout point

Depends what day it is !

http://www.marketwatch.com/optionscenter/calendar

 

[Atilla]

DOW likely to pull back.

R3 is at @ 18155.

Needs to test support possibly back to 18080.

 

[Dentalfloss]

must be some big news
greek aid to be extended to year end
hence all technicals got blown out

 

[MichaelJohnFX]

And once again, this news comes an hour too late lol

 

[MichaelJohnFX]

Once again, only kicking the can down the road. Let these baffons go.

Edit: waiting for the goats aka Greece to reject such a proposal. Apparently Yanis Varoufakis is an academic in game theory :S

 

[MichaelJohnFX]

Thanks Atilla and Dentist.

Levels I'm seeing for this week (could be resistance or support - going by S / R theory) I trade off these area whether long or short, doesn't matter i.e take one example. Now the current price is 11208, I'd take a long expecting it to get to 11234 area, then I'd probably take a short, expecting it to move back down if that makes sense. If we break that 11234, then I follow it by taken a long then a short at the next res area. Always seek confirmation though! Anyway, onto areas:

11726
11632
11598
11515
11450
11420
11399
11360
11288
11234
11190
11139
11039
10997
10872
10780 - Trend support and Horizontal Support. This is a key area IMO if we get there.

Other areas we have marked:

10650
10720
10559

Areas can and will probably change depending on what the charts are doing on a min to min basis.

We even had 11190, 11234 &11288 marked as res / support haha

Wasn't at my com to take advantage of anything though. Happened so quickly and I hate putting in fills just don't know can happen tbh

 

[MichaelJohnFX]

Scalp from 11190 taken and out.

 

[Dentalfloss]

short scalp on eurusd went incredibly well
cannot understand why it tanked if they have done a deal

 

[MichaelJohnFX]

-10 from area - and out. Btw, if people don't mind me asking how many points do people generally use as their stop loss? I normally do 10 - 20 ppts

 

[MichaelJohnFX]

short scalp on eurusd went incredibly well
cannot understand why it tanked if they have done a deal

Apparently the sources are unconfirmed. But that doesn't explain why the dax is still rallying then :S

 

[Dentalfloss]

short scalp on eurusd went incredibly well
cannot understand why it tanked if they have done a deal

think 10 is too small
especially the dax
20 better...imho

 

[MichaelJohnFX]

Yh I normally use 20 tbh. Works well most of the time - apart from the odd fake but those are rare. I used 10 once or twice today and both times it worked, but would rather 20. I may want to up it to 30 but i think that's too much.

 

[Jessi_trader]

think 10 is too small
especially the dax
20 better...imho

40 is much better on DAX if you follow 5 minutes, 40 is easily achievable...

I used to have that 20 rule on FTSE worked very well....

 

[Jessi_trader]

the way I used to do is I always used to remember that road side sign "Twenty is Plenty"...

 

[Jessi_trader]

and never exceeded my limit...

 

[MichaelJohnFX]

Long taken from 11139 and out. We had it marked - check the list on page 419

 

[Jessi_trader]

DAX intraday overbought, 11020 pullback is buy....