hereward the wake
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what time frame candles u use on dax, 1 hour?
3 min to trade, using 1/3 50% and 2/3 retracements
what time frame candles u use on dax, 1 hour?
3 min to trade, using 1/3 50% and 2/3 retracements
2/3 retrace at 9431.5 coming up
excellent,
FTSE should go higher currently +17
ftse down 14
what happened?
Jan jitters dax down on today's low
I think so gap closed and some over! I think we will bounce around today ... Dax has to break recent 50% retrace to trend again
Note from me... 73% long on Gold I'm looking for a shortDom today
From The Trader
Daily market outlook
06 January 2014
EUROPEAN OVERVIEW
There is scepticism among spread-bettors about the immediate outlook for equities. Around two-thirds of punters are short the S&P 500 and Dow, and around half are speculating on falls in the DAX and FTSE. Despite the weakness at the end of last week, I can’t really see good reason to join these pessimistic folks right now. To me, such selling as we’ve seen is most likely going to turn out to have been a precursor to more upside. I will not try and get in and ahead of this happening, though. I await a decent burst of selling and then I will enter.
As a footnote, the retail crowd remain fairly heavily weighted on the long side in gold. I do not like the spikiness of the upside we have seen here in recent days. More pain is in store.
Morning all.
Its gone quiet after a big flurry of activity this morning.
Dax is in a narrowing range which it will have to break out of by 11.15.
I think we go up from here.... Dax and Dow.
Heaven knows what ftse will do!
Morning all.
Its gone quiet after a big flurry of activity this morning.
Dax is in a narrowing range which it will have to break out of by 11.15.
I think we go up from here.... Dax and Dow.
Heaven knows what ftse will do!
What timeframe you are looking? what I can see is chart looking bearish, with rising wedges.
Morning all.
Its gone quiet after a big flurry of activity this morning.
Dax is in a narrowing range which it will have to break out of by 11.15.
I think we go up from here.... Dax and Dow.
Heaven knows what ftse will do!
I agree, I think DAX will test the 9477/82 resistance zone. I have just taken a long trade based on the bounce off the old resistance zone 9445/52 which looks like its holding as support.