FTSE, DAX, DOW Trading Ideas and discussions

[Dentalfloss]

update on the dax

 

[Dentalfloss]

a good chart
price action is well defined
consolidation from 1st april then the breakout on 6th April
then the pullback column of O"s

 

[Dentalfloss]

long to 17925 taken as we had marked earlier
then a scalp short..justout
bulls in so far

 

[Dentalfloss]

dax retraced into that supp area we had marked at 12070 area and bounced
pips taken on both sides
this is a test and retest market so far

 

[Dentalfloss]

bulls in control as we said this morning
remember that 17983 we marked yesterday..still holding today
lets see what happens
took the break..was expecting 17924 area ..but got 17980 area
short from that area..just out

 

[Dentalfloss]

lol...closed too early

 

[Dentalfloss]

dax closed at test of breakout point 12030 as we said this mornintg

 

[Dentalfloss]

dax .closed too early..lol

 

[Jessi_trader]

still on holiday... bought some DAX @ 12090... will be buying today and tomorrow and selling on 24th April and 27th April.

 

[Dentalfloss]

dow into the open
chart shows last 24 hours
some pretty wild stuff..but we managed to take lots of pips.the res levels were great areas
chart is using a new technique for calculating box sizes
taken 6o standard dev of 5 min data
divide by the price
used 0.2 standard dev
and then multiplied by 100 and used the percentage box size on log
sounds complicated but quite easy
the standard dev is the volatility measure ,which is what we want
so..here it is

 

[Dentalfloss]

still on holiday... bought some DAX @ 12090... will be buying today and tomorrow and selling on 24th April and 27th April.

good you are back
was getting lonely

 

[Dentalfloss]

dax

 

[Jessi_trader]

good you are back
was getting lonely

Been looking into your chart on twitter... very helpful....

 

[Jessi_trader]

dax

12015 - 12020 seems to be good support... per my calculations DAX would be swing low today/tomorrow and swing high on 24th/27th....

will check exact when I am back....but price vs time 270 degree is mostly swing low and buying opportunity....

 

[Dentalfloss]

Been looking into your chart on twitter... very helpful....

good
i hope you made lots of points from it

 

[Jessi_trader]

good
i hope you made lots of points from it

yup....was able to capture major swings in the rising wedge in 4 hr chart (DAX):cheesy:

 

[Jessi_trader]

April is buying in America 😉

 

[2be]

April is buying in America 😉

Hi Jessi,
Welcome back!
Volatility shall increase.
Dax still in a consolidation (on Daily TF). Very common to 4th EW.
Next week shall have some sparkle.

 

[Jessi_trader]

Hi Jessi,
Welcome back!
Volatility shall increase.
Dax still in a consolidation (on Daily TF). Very common to 4th EW.
Next week shall have some sparkle.

Hey 2be, there will be break out soon....

 

[Jessi_trader]

I expect break out sooner if not by Monday....