FTSE, DAX, DOW Trading Ideas and discussions

[MichaelJohnFX]

Areas:

9365
9396
9560 (breakdown point)

 

[Dentalfloss]

Areas:

9365
9396
9560 (breakdown point)

dont chase it..imho
wait for market to tell you where support is coming in

 

[Dentalfloss]

dont chase it..imho
wait for market to tell you where support is coming in

9330 now seems to be an oversold area on 5 min
lets see if it gets supported

 

[Dentalfloss]

1 minute dax

 

[Dentalfloss]

price now at 9300

 

[Dentalfloss]

price now at 9300

there will be retests
retest needs an oscillator divergence...then you will see the bulls
9300 could be the bottom ??

 

[Dentalfloss]

9378 is 50% area of the latest move down

 

[Dentalfloss]

spx
on these inputs we seem to be at a major horizontal supp

 

[Dentalfloss]

1872 area
it is a close plot on 4 hour..so a little leeway
we wont really know until it tests res

 

[Dentalfloss]

if 1872 holds as supp
then ...

 

[Dentalfloss]

scalps to 1879 and 9378...9366 taken and 1878

 

[Dentalfloss]

we had 1879area marked as support last night..was res so far

 

[Dentalfloss]

scalps out of 9366 and 1878 areas

 

[Dentalfloss]

dax
areas of interest

 

[Dentalfloss]

up to 9400 as we marked on the chart
excellent movement
scalp out of that
tight stop

 

[Dentalfloss]

1883 area is horizontal res

 

[MichaelJohnFX]

9360 taken out just woken up so missed it

 

[Dentalfloss]

getting into our 1889 area
tightened stops
9452 area is horizontal res

 

[Dentalfloss]

stopped out on dax for a good run
9442 was another horizontal res area

 

[Dentalfloss]

1889 area hit..stopped out
scalp short