P
postman
Dax has spent 15 minutes going down 10 points. It will now proceed to go up 10 point in 15 seconds.
ZEN archer
Experienced member
- Messages
- 1,528
- Likes
- 241
It's making a big deal out of yesterday's low - like it matters:whistling
Most likely it's going to copy dow and s&p moves
SpreadDoctor
Well-known member
- Messages
- 318
- Likes
- 59
P
postman
In English there is no word for "Veline".
In Italian there is no word for "Accountability".
In German there is no word for "Sell".
In Italian there is no word for "Accountability".
In German there is no word for "Sell".
psaTrading
Experienced member
- Messages
- 1,063
- Likes
- 53
Yesterday the SP 500 index rose to the high of the previous day and returned violently down, stopping at the 10 day Moving Average.
For the particular case of the Dax index, today, a break down from the yesterday’s Inside Candle occurred at the market opening time, allowing to foresee the continuation of the decline.
For the particular case of the Dax index, today, a break down from the yesterday’s Inside Candle occurred at the market opening time, allowing to foresee the continuation of the decline.
Looks like a pin bar forming on daily dax..top of the wick 9915..
The bottom of the wick also coincided with -23.6% fib retracement of 20jun high to 23jun low..
If the low today is A of 2nd wave then could be good for B retrace tomorrow and friday.
I will be looking for buying opportunities from 9915 to 9938 (gap close & 50% retrace of 20-25jun move) and to 9965 (61.8% retrace).
If it gets up to 9965 then I may consider also shorting it.
I hope oscar picks a down day for tomorrow.
The bottom of the wick also coincided with -23.6% fib retracement of 20jun high to 23jun low..
If the low today is A of 2nd wave then could be good for B retrace tomorrow and friday.
I will be looking for buying opportunities from 9915 to 9938 (gap close & 50% retrace of 20-25jun move) and to 9965 (61.8% retrace).
If it gets up to 9965 then I may consider also shorting it.
I hope oscar picks a down day for tomorrow.
Last edited:
SpreadDoctor
Well-known member
- Messages
- 318
- Likes
- 59
I am very sorry to be the bringer of bad news but the S&P index level doesn't move because of any moving average or candle pattern. The main scheduled risk event of this week are the numbers out at 1.30pm tomorrow. Those number are likely going to decide the price not the inside bar. Price moves largely due to:
(i) unscheduled/scheduled news events which differ from the market expectation
(ii) current order flow in the context of the liquidity in the marketplace
(iii) overall market sentiment
Sometimes an MA or inside bar will 'work' others it wont. Focussing on why price moves is necessary. GL
Last edited:
P
postman
Careful you'll put a lot of companies out of business, and burst a lot of bubbles with talk like that. Millions of £ / $ thrown away needlessly on technical analysis every week.
P
postman
I love statistics they (like charts) can prove anything. This morning NewStatesman made me laugh.
"You are more likely to be bitten by Luis Suarez (1 in 2,000) than a shark (1 in 3,700,000)"
http://www.newstatesman.com/future-...-be-bitten-luiz-suarez-1-2000-shark-1-3700000
Happy trading.
they (like charts) can prove anything. This morning NewStatesman made me laugh."You are more likely to be bitten by Luis Suarez (1 in 2,000) than a shark (1 in 3,700,000)"
http://www.newstatesman.com/future-...-be-bitten-luiz-suarez-1-2000-shark-1-3700000
Happy trading.
hereward the wake
Senior member
- Messages
- 3,154
- Likes
- 124
I love statistics
"You are more likely to be bitten by Luis Suarez (1 in 2,000) than a shark (1 in 3,700,000)"
http://www.newstatesman.com/future-...-be-bitten-luiz-suarez-1-2000-shark-1-3700000
Happy trading.
3 kinds of lies... lies, damm lies and statistics
P
postman
Just waiting to go long Dax.
Cant short it obviously, just have to wait.
Cant short it obviously, just have to wait.
P
postman
I'm in futures price 9895
P
postman
Currently down 2 but given the spread its only a matter of time.
P
postman
Fifteen wow you dont like to take chances. It is the Dax, you'd be safe with 2 or maybe 3 if your a pensioner who doesnt like risk.
P
postman
How narrow is this range on Dax. Surely its just the futures spread and no underlying movement.
hereward the wake
Senior member
- Messages
- 3,154
- Likes
- 124
from the horses mouth
Daily newsletter with technical analysis
As of Thursday, 26.06.2014, 08:24 clock
Tobbildungsgefahr comes to a head
At the German blue-chip index is translated yesterday the losses suffered by the
last days away. In the hourly chart, it is clear that the
threatening Topp education, once again a new momentum in the direction
Could generate the south, slowly taking shape. Would be completed
the double freeze it out in case of a Rutsches under the holding zone
the most recent cyclical low of 9,846 points and the highs of
May and January 9.810/790 points (see chart). The imputed
Reduction potential is slightly more than 200 points and threatens
to have striking implications on the daily chart: If there is a
Slip under the brands of around 9,800 points and thus explicitly
a case under the 38-day line (current at 9,826 points), the
Breaking the upward trend since 2011 (current at 9,819 points) and a
Closing the price gap from the end of May (lower Gapkante at 9,780
Points), then the expected medium-term prospects a blow
get. Short term, the conquest of the bears seems there yet
not endured to be, because on an hourly basis, a MACD
Exit signal. On a daily basis, the situation is no better.
Long positions should therefore be based on the marks at 9,800 points
be hedged.
DAX ® (1 hour)
Daily newsletter with technical analysis
As of Thursday, 26.06.2014, 08:24 clock
Tobbildungsgefahr comes to a head
At the German blue-chip index is translated yesterday the losses suffered by the
last days away. In the hourly chart, it is clear that the
threatening Topp education, once again a new momentum in the direction
Could generate the south, slowly taking shape. Would be completed
the double freeze it out in case of a Rutsches under the holding zone
the most recent cyclical low of 9,846 points and the highs of
May and January 9.810/790 points (see chart). The imputed
Reduction potential is slightly more than 200 points and threatens
to have striking implications on the daily chart: If there is a
Slip under the brands of around 9,800 points and thus explicitly
a case under the 38-day line (current at 9,826 points), the
Breaking the upward trend since 2011 (current at 9,819 points) and a
Closing the price gap from the end of May (lower Gapkante at 9,780
Points), then the expected medium-term prospects a blow
get. Short term, the conquest of the bears seems there yet
not endured to be, because on an hourly basis, a MACD
Exit signal. On a daily basis, the situation is no better.
Long positions should therefore be based on the marks at 9,800 points
be hedged.
DAX ® (1 hour)
Last edited:
P
postman
P
postman
Switch on the dripping tap on the Dax please.
P
postman
I have 1966 S&P cash weekly close target in the T2W comp.
I'm feeling pretty good about that number ATM.
I'm feeling pretty good about that number ATM.
