FTSE, DAX, DOW Trading Ideas and discussions

[mxer474]

Still see more downside to 9500ish before we bounce. lol

Im with you on that one! I finally made the move from tradingview...that website chatroom is so beyond repair..as far as the crazies that come in there

 

[mxer474]

Still see more downside to 9500ish before we bounce. lol

Dow in a tight range as well im waiting for a breakout on the 4 hour

 

[MichaelJohnFX]

I would like to Welcome Mxer474 to the thread, brings lots of knowledge and banter

 

[mxer474]

I would like to Welcome Mxer474 to the thread, brings lots of knowledge and banter

Nice to be here man thx! are you entering any trades before NFP im thinkign about just going on the sidelines today

 

[MichaelJohnFX]

Nice to be here man thx! are you entering any trades before NFP im thinkign about just going on the sidelines today

No sidelines here. We get signals and collect the pips

I'm not a position trader so don't have a view, i just trade areas.

 

[MichaelJohnFX]

Areas:

9920
10040-10050
10100-10090
9815
9970

 

[MichaelJohnFX]

excellent movement from 10040-10050

 

[MichaelJohnFX]

There's a bull flag on 5 mins. looks like it wants to pop to 10101 and poss 10050

 

[MichaelJohnFX]

Lots of false signals atm.

 

[mxer474]

Lots of false signals atm.

Yep im waiting it out until a breakout occurs. Using ATR as well to measure volatility

 

[MichaelJohnFX]

Great dumping from 10090 - was all a bit too slow for me so left it. Probably going to trade after NFP.

 

[mxer474]

Great dumping from 10090 - was all a bit too slow for me so left it. Probably going to trade after NFP.

Same !

 

[mxer474]

S&P just broke supp on 5 min lets see how much further this goes

 

[MichaelJohnFX]

 

[MichaelJohnFX]

Dax still has room to sink into that 9200 area...but remember we said 9500-9600 is the trend support line. If you look left, the breakout area from Oct was 9700.

 

[MichaelJohnFX]

Few areas of interest to note. No support or resistance is being called the market can go anywhere. We are just identifying those areas as POSSIBLE support / res. Wait for the signal...

9700
9800-9820
9920-9950

 

[Dentalfloss]

Elliot guys on twitter talking of 9680 to 9710...big supp area

 

[MichaelJohnFX]

Yh seen a few Elliot guys calling those areas. Who knows. Confusion, that's what we like. Plenty of pips to be had. Week shall be volatile.

 

[MichaelJohnFX]

A rally to test 9800...will we break for 9852?!

 

[MichaelJohnFX]

9752 was the breakout. Needs to stay above that imho.