FTSE, DAX, DOW Trading Ideas and discussions

[Dentalfloss]

dax over the last 24 hours
a series of upmoves that failed

 

[Dentalfloss]

general picture..nowt much to see

 

[Dentalfloss]

there are plenty of horizontal supp/res areas thta i have not put on

 

[Dentalfloss]

should be a good day...there is no real direction as yet
bulls might take hold and we see 10300 act as supp
bears could take control and we see 10200 as res or even 10150 and the 10k area as res
no real guide as yet for the direction of the break from that congestion area

 

[Moneylender]

Morning all, quick visit to 10135 area, will it bounce?

 

[Dentalfloss]

spx
some areas to watch
no real sign of range expansion

 

[Dentalfloss]

Morning all, quick visit to 10135 area, will it bounce?

bears will be watching the bounce for any weakness..imho

 

[Dentalfloss]

breakdown at 8am /aqua

 

[Dentalfloss]

good movement
the good bit..it gives us a trend and a range to look at
10210 trend res/red
good start to the day

 

[Dentalfloss]

a more detailed look

10150 minor trend supp/green
lets see if it holds

 

[Dentalfloss]

good movement
the good bit..it gives us a trend and a range to look at
10210 trend res/red
good start to the day

10197 hit
as you see p/f is not precise..but we were alerted to that area
short taken from that area

 

[Moneylender]

Missed the drop, was waiting for 10200.

 

[Dentalfloss]

Missed the drop, was waiting for 10200.

different in p/f
we dont wait for the levels..we wait for the signals..
got the signal when it broke 10185

 

[Moneylender]

different in p/f
we dont wait for the levels..we wait for the signals..
got the signal when it broke 10185

Is the signal the filling of the down box or are there other
Ones?

 

[Dentalfloss]

signals

 

[Dentalfloss]

aqua"here" is the breakdown at the 10205 area
3 signals today
aqua at 8 am
mauve/long...that signal came a bit late..unsure about the change in trend/had to wait for confirmation..ie a consecutive p/f signal
as you can see..with p/f you are almost always in a trade..even in a consolidation..cos you area taking positions in the congestion ready for the breakout
levels are only a guide

 

[Dentalfloss]

Is the signal the filling of the down box or are there other
Ones?

yes..if short trade

 

[Moneylender]

yes..if short trade

Thanks for that, I will study your PF's in detail
And watch your trades. Any more questions I get
I will wait until a quiet time.

Cheers

 

[Dentalfloss]

updated chart

 

[Dentalfloss]

Thanks for that, I will study your PF's in detail
And watch your trades. Any more questions I get
I will wait until a quiet time.

Cheers

its all in the Duplessis books..i am not doing anything new or different
p/f is not time based...so gives you the clearest picture of supply and demand