FTSE, DAX, DOW Trading Ideas and discussions

[Dentalfloss]

back in for apump to 11400
maybe 11420/chronic

 

[Dentalfloss]

spx pumped to that 2109 res we had marked

 

[Cigar]

looks like someone got the German figures a few minutes early

 

[Dentalfloss]

out

scalp short
from 11367
11346 /prev breakout on way up

 

[MichaelJohnFX]

Lovely move down from trend res

 

[Dentalfloss]

spx pumped to that 2109 res we had marked[/QUOTE
2109...a hummer]

 

[Dentalfloss]

Lovely move down from trend res

yay
back to test our 11303

 

[Atilla]

Morning guys...

Looks like PP-R1 @ 11382 is being rejected to me.

So a test of 11320 / 11277 is in the making before next move up.

 

[MichaelJohnFX]

11420 should cap this. Trend res at 220-235 area. In line with Atilla and Dentist areas. Bottom of that channel needs to test. See 30 mins, 1 hour and 4 hour chart.

 

[MichaelJohnFX]

Actually, scratch that. Could see past 420 who knows. Just looked at one of the indicators I use, and it's saying buy. Mmm

 

[Dentalfloss]

Actually, scratch that. Could see past 420 who knows. Just looked at one of the indicators I use, and it's saying buy. Mmm

yay
nice

 

[Dentalfloss]

hummin nicely

 

[Atilla]

This 15m DAX chart shows how one must not rely too much on any indicator and use them collaboratively with other market signals.

At about the 50% RSI level it turned back. So some scalps to be had with the CS pin bar signal but here we are now testing 11437 PP-R2. So it was a false RSI turn signal off 70 levels.

RSI looks more overbought than before so good place to take a short. Use stops and beware of breakout to the upside.

Next stop is PP-R3 @ 11542 if it does breakout to the upsdie.

 

[MichaelJohnFX]

Massive discrepancy in EURUSD & DAX again. This rally on Dax just seems a bit out of sync (could be a fake)

Indicator was not used in isolation as well. Trend res was breached,and the buy signal was confirmed.

 

[Dentalfloss]

Yrs very relaxing what about you?

good weather
good beer
what more can a guy want in life

 

[Atilla]

good weather
good beer
what more can a guy want in life

Some action.

Some errrm price action :rambo:

 

[Local1]

Massive discrepancy in EURUSD & DAX again. This rally on Dax just seems a bit out of sync (could be a fake)

Indicator was not used in isolation as well. Trend res was breached,and the buy signal was confirmed.

Wouldn't read too much into correlation of the two.

 

[Local1]

Oil getting crushed again.
Dax up, with U.S. Stocks down

 

[Atilla]

Who loves PPoints ?

Notice the dark cloud from this morning (the long red CS) around 07:45 coupled with LH earlier.

Support tried to kick in at PP levels but failed. Ending with PP-S3 support level around 2086.


Heinekens on me...

 

[Local1]

I scalped a couple of points buying dip