FTSE, DAX, DOW Trading Ideas and discussions

[Dentalfloss]

dow shows the fake from last thursday very well
the unsupported breakout which got overbought as we said ..recoiled back into supp/aqua
another recoil/up and a break below 17985 makes it a bit nasty
we look hard at the bounce...if any..it should because we are in a big support area
we are in neutral territory...there are upside vertical counts...but now there is an activated downside count from last Friday

60 min data

 

[Dentalfloss]

great for traders
18060-18075 is 50% area of the downmove /Friday
any more downmove without recoil will make it very short term oversold.ie on 1 minute
news will drive it aswell

 

[Atilla]

17850 - 17750 regions look great to me.

I now have the Jeremy Du Plessis book on 21st Century P&F charts. Reading it at the mo and opening new insights looking into P&F charts.

Found this online Mr D.

http://stockcharts.com/freecharts/pnf.php?c=$indu,PWTADANRNO[PA][D][F1!3!!!2!20]

Basically, counting horizontally number of columns etc.

Sorry if it's below par but I'm on the road...

 

[MichaelJohnFX]

I Have a fill order @ 11180. Short. Let's see if this a bull trap but looks like premarket is optimistic on a deal.

 

[Jessi_trader]

Placed limit buy order in small junks between 11000 to 11040 lets see...

.

Morning all

Got that filled in.

 

[Dentalfloss]

Mornin all

 

[MichaelJohnFX]

Morning

 

[NickBk]

Morning all

 

[Jessi_trader]

Sell order set to 11195

 

[Dentalfloss]

Dow gapped up to 50 percent area of friday downmove from a big supp area...no done deal
dxy coming into supp
could go either way

 

[Dentalfloss]

great for traders
18060-18075 is 50% area of the downmove /Friday
any more downmove without recoil will make it very short term oversold.ie on 1 minute
news will drive it aswell

lets see if that holds

 

[Dentalfloss]

18090 is prev supp

 

[Dentalfloss]

dxy moved into supp
scalp shorts in
eurusd
gbpusd
gbpjpy
eurjpy
index as we said wass going either way...oco orders for those

 

[Dentalfloss]

11270 is prev supp on 4 hour
could stop there

 

[MichaelJohnFX]

All those areas broke down. Few points down already

 

[MichaelJohnFX]

Short again 11292. Stop 20. Next level if this breaks down 11360

 

[MichaelJohnFX]

And that broke down haha

 

[Dentalfloss]

And that broke down haha

dont chase it lower

 

[Dentalfloss]

premarket..price was in a tight range before each pop higher...so was going either way
trend on 1 minute was up

 

[Dentalfloss]

scalp shorts in again on fx crosses