FTSE, DAX, DOW Trading Ideas and discussions

[Dentalfloss]

in p/f methodology
gaps are where no trading took place...so they are difficult to assess for supp/res
thinking that it might take a punt at the gap

 

[Atilla]

Guten morgen,

DAX edging up. Positive noise coming from Tsipras and the markets. Holding breath for Sunday's referendum.

Chart indicates sideway move. Suspect will remain above new PP @ 11140.

PP-R1 - 11300 - could and should be attacked by the bulls. 11450 even but not confident. If yesterday is anything to go by PP-R2 @ 11450 would be a good place for sell limit orders for me.

PP-S1 @ 11000 has also become strong support imo.

 

[Dentalfloss]

its looking to pop 2080..possibly up to 2085 pre nfp
dax popped to 11215 area..prev supp on 1 min
11170 is breakout point
retrace to that area

 

[Dentalfloss]

spx
1 min data
pretty bullish

 

[Atilla]

SPX & DOW

SPX likely to head to 2100s imo. Markets feeling bullish. 2076 PP likely to be strong support. Suspect we'll test 2088 & 2098 today.

DOW showing almost identical setups to dax and spx. Once again it's all in the PP Levels for me. Strong support at PP 17730 and looking to test PP-R1 @ 17830 and then PP-R2 @ 17900s.

Expecting a sell off towards the end of the day but being 4th of July n all, markets should close higher at a guess.

 

[Dentalfloss]

spx pumpin
took the dax from 11170 area we said

 

[Dentalfloss]

dax 5 min data

 

[Dentalfloss]

down to that breakout area and a pop to retest 11215
and a short scalp from 11210
predictable so far

 

[MichaelJohnFX]

Morning

11190 was minor support this morning. Bounce taken and out at 11214. Not sure what direction this is heading in

 

[Dentalfloss]

back into our 11170 area
and a scalp long

 

[Dentalfloss]

spx pumping as we highlighted earlier

 

[Dentalfloss]

stops tightened on dax and spx

 

[Dentalfloss]

usd strong this morning

 

[Dentalfloss]

back down to our breakout area...again
no direction yet
nfp supposedly better than 230k

 

[Atilla]

USD index slightly up
Oil heading South
Gold heading South
Yields edging up
Indeces edging up whilst whole market is coming off boil
Risks on the horizon with China and EU
Euro heading down

Only a matter of time...

Sell and go away to enjoy summer hols imo.

 

[Dentalfloss]

its lovin the 11170 area

 

[MichaelJohnFX]

Lovely move off that 11170 area - thanks Dentist. First one looked like possible trend res on 1 min so got out. Didn't take the second attempt to bounce of that, but job semi done for this morning.

Looked oversold on both 1 min & 5 min data - so that for me fit all the criteria of a buy sit

 

[MichaelJohnFX]

11120 - addictive haha

 

[Dentalfloss]

11120 - addictive haha

thats the range

 

[Dentalfloss]

2085..not liked
maybe later
breakout point was 2080 area..possibly needs a retest