FTSE, DAX, DOW Trading Ideas and discussions

[Dentalfloss]

U.S. Treasury to postpone 2-year-note auction due to debt-ceiling concerns

 

[boyplunger1929]

draghi never disappoints

 

[Dentalfloss]

U.S. Treasury to postpone 2-year-note auction due to debt-ceiling concerns

that might dampen the euphoria

 

[Dentalfloss]

market needs to work off some overbought breadth indecators

 

[Dentalfloss]

short ...back into chronics 10340 area..excellent movement
stopped out for a decent run
back in for retest of 10400
stop tightened

 

[Dentalfloss]

scalp long humming nicely
tightened stop again

 

[Dentalfloss]

10434..it might stop there

 

[-Catalin-]

Hi

Regading the DAX Future - Everybody says this is a populare future to trade but the order book lokks quite thin - only approx 10 contract per point - Why is this?

I know the Mini Dax is comming up shortly, but any way

Hi Trader Mich, you are right, it looks thin but remember the FDAX contract is worth 25 eur while FESX is 10.

All the best

 

[Dentalfloss]

stopped out for an excellent run

 

[Dentalfloss]

pulled back to 10409 area which was prev high on 1 min
more rallying
10500-10521 on the cards

 

[Dentalfloss]

stop tightened

 

[Dentalfloss]

needs a print of 2044 on spx
to get us into neverland

 

[Dentalfloss]

stopped out at 10470 for an excellent run

 

[-Catalin-]

stopped out at 10470 for an excellent run

Good work as usual, I got out of my long too quick and then didnt have the conviction to buy again.

what are your thoughts on a short up here?

 

[Dentalfloss]

pulled back to 10409 area which was prev high on 1 min
more rallying
10500-10521 on the cards

10500 hit:smart:
Loving it

 

[Dentalfloss]

Good work as usual, I got out of my long too quick and then didnt have the conviction to buy again.

what are your thoughts on a short up here?

There are a couple of pivot areas10489
10460

 

[Dentalfloss]

10489... Too close
10460.. better
Scalp in and out so long as 10500 area is the top
Imho

 

[Dentalfloss]

20044 area is a real dog...Imho

Tested it...once

 

[Dentalfloss]

- Two elements of the press conference were particularly effective in lifting markets' animal spirits: a) The CPI forecasts "are based on ... full implementation of the QE programme as announced in January. They are also based on a set of assumptions about oil prices, external demand, growth in output and so on.. These conditions may change and possibly worsen (so) we have to adjust our QE programme ... or our monetary policy stance. Lower inflation ... increases the real value of debt." and b) the potential for a Deposit Rate cut as per "Whenever expectations of inflation become more and more negative we have higher and higher real rates. That's one of the reasons why we consider other non-standard monetary policy measures, one of which is the negative rate on the deposit facility. So we've seen that. We've decided a year ago that will be the lower bound ... and now we're thinking about that. We have not taken any decision on that. It was an open discussion n all the monetary policies, we have discussed some other monetary policy instruments besides this one."

- Draghi has now raised the stakes on a December policy easing so high, that a) he & the council will have to deliver, and b) whatever they decide could easily underwhelm.

- However a closer inspection of his assertions also highlights one contradiction after another, e.g.

* Euro: "The exchange rate is not a target for the ECB, never has been and is not now. But it is crucial for price stability and for growth...." so section one is an outright lie, they do want actually to drive the EUR exchange rate lower, even though history (above all the interventions of the 1980s and 1990s) shows this is totally ineffective, in fact all too often a policy which backfires.
from Marc Ostwald

 

[Dentalfloss]

10489... Too close
10460.. better
Scalp in and out so long as 10500 area is the top
Imho

scalp into the 10489
bounced at 10484
lets see what the bounce is like