FTSE, DAX, DOW Trading Ideas and discussions

[Dentalfloss]

out at retest of res a few mins ago
these are not calls..they are just chart areas i highlight
i dont want to know if it has been traded by other people

 

[Dentalfloss]

there was a scalp short from that retest of res
20 points if you took it
entry 18058 again
and a close a couple of minutes ago

 

[NickBk]

there was a scalp short from that retest of res
20 points if you took it
entry 18058 again
and a close a couple of minutes ago

Did you take the short and new entry?

 

[Dentalfloss]

Sshhh..i am not allowed to tell

 

[Dentalfloss]

However...if you go to 1 min chart
the res area was noted on this board at 4.29 pm as we said
from that time onwards..it bounced off that area at least 4 times
was on both sides right till the close on all of them
that is a secret between you and i ..lol
just tnought that big res area would not be broken on a friday afternoon
the price closed right at the top ...not sure if the bulls are salivating at that....they could be caught in a trapl

 

[Dentalfloss]

Into the open....itall looks bullish ,especially the dax
remember what we said last sunday..care with shorts
now..the question is....are the US index in a bull trap ?
could be...earnings season could disappoint and dollar strength..who knows
so...still care with shorts,,,but we could get some juicy ones with price not confirmed as a mid pattern rally or a bullish breakout
there is horizontal res at18200 area

 

[Dentalfloss]

chart of the consolidation
shows s/r and price movement really well...imho

ignore the numbers..they are dates

 

[Dentalfloss]

a better veiw

 

[Dentalfloss]

dax into the open
we either break higher..i have put on some horizontal counts at 12437 and 12477..dont know how they line up with fib expansions
and some areas where it could test the trend
lets see if the bulls have staying power
think the dow needs to break that consolidation first..imho

 

[Dentalfloss]

dow
tracking the latest uptrend that started last monday
we can see the big upmove that started on monday followed by a wide consolidation..then a breakout on friday
potential price move from horizontal count
and trend supports

according to Marc Chandler..dax seeing money flows as bonds have rubbish yields

 

[Dentalfloss]

dow over the last week

 

[Dentalfloss]

into that 12338 area we had marked and a bounce
r
retest at 12331 and then a bounce
dow off that massive re we had from friday
bull tests

 

[libbo2003]

into that 12338 area we had marked and a bounce
r
retest at 12331 and then a bounce
dow off that massive re we had from friday
bull tests

Nice call on lo of dax, missed it this morning have to check this earlier!! lol

 

[Dentalfloss]

not a call..i am not allowed to do that
i posted the chart yesterday afternoon so people knew the areas i was looking at

 

[Dentalfloss]

back into that 12338 area and the bounce
you all know by now how i trade..no need to tell

 

[Jessi_trader]

This is how DAX looks like now 12620 and then 12170 area or 12170 and then 12620....????


Don't know yet really.....

 

[myattitude]

im guessing short term is how it gets out of this area first? The range isn't very good and I've been hosed by all the chopping so far this morning.

 

[Jessi_trader]

I took my position in the red circle area and I am waiting....

 

[Jessi_trader]

It would be completely guess work to call anything now...so best thing is to wait for 12620 or buy any dips in next couple of days....

 

[Jessi_trader]

im guessing short term is how it gets out of this area first? The range isn't very good and I've been hosed by all the chopping so far this morning.

Looking into your 15 minutes chart... it clearly says up side bias and... next move should be upside rather than down side... lets see...

Market will be choppy for sure....