DAX and DOW thread

DOW fell from 22040s (Wednesday's out of hours market price) and now trading at 21740s which is 300pips drop.

Further downside is expect tomorrow - Friday, potentially another 200pips.

DAX short area 12140s with targets 12000
 
10pips said:
DOW fell from 22040s (Wednesday's out of hours market price) and now trading at 21740s which is 300pips drop.

Further downside is expect tomorrow - Friday, potentially another 200pips.

DAX short area 12140s with targets 12000
Click to expand...

Holding a DAX short from 12170 this morning.

On Friday it retraced back too much and peaked at 12190s.
 
Don't you think that the selling is a little over done?


Sent from my iPhone using Tapatalk Pro
 
I closed her too early this morning. I had a minor short at 12070 and closed at 11970 and it fell to 11860s.

I may sell at any retracements and see out the monthly close of candle.

Key supply zone/gap area is 12070.
 
Sharp bounce on DAX from 11860.
Expecting short 12070 and drop back there tomorrow.

Potential DOW short at 21920 to 21950 targetting 300pips drop
 
Last trade didn't play out well but now that DOW at double top record highs. I like it to stall here and then see if we can catch some pips to the downside before Xmas rally kicks in around end of November.

DOW @ 22180s
DAX @ 12540s
 
Both indices are trading near all time highs and we have 3 months remaining of the year and the yearly candle is likely to end on a bullish candle.

DOW @ 22400
DAX @ 12850

I am expecting it to drop few hundred points as it is playing range trading of 200-300pips before a final xmas leg up.
 
Hopefully you haven't taken any shorts on these indices as i attempted with tight SLs but didn't work out.

DAX 12980s
DOW 22780s

Another leg up during NFP. Shorts are being short-squeezed.

75% of IG clients are short.
 
10pips said:
Hopefully you haven't taken any shorts on these indices as i attempted with tight SLs but didn't work out.

DAX 12980s
DOW 22780s

Another leg up during NFP. Shorts are being short-squeezed.

75% of IG clients are short.
Click to expand...

DAX 13050
DOW 23140s

They are rising high like BITCOIN. Who would have thought, going long would make loads of money?
 
DAX fallen from 13095 to 12910
DOW fallen from 23170 to 23000.

Bearish intraday momentum today.
 
DOW Fib levels
High 22180 (August 2017)
Low 20365 (April 2016)

1.618 Level is at 23300. Should expect some stalling around here and trade some sort of long range until next year.

Next up level is 25100 = 1800pips away.
 
10pips said:
DOW Fib levels
High 22180 (August 2017)
Low 20365 (April 2016)

1.618 Level is at 23300. Should expect some stalling around here and trade some sort of long range until next year.

Next up level is 25100 = 1800pips away.
Click to expand...

Looks like sellers have come in slightly from 23480s and dropped to 23250s.

I'll be taking some sorts from 23480s with tight SLs.
 
Dax Trader

Hi trades,
I would like to share here my analysis and trades. I hope it helps me to be more disciplined. I am trading solely Dax. How I trade in a nutshell? I am using a ZigZag indicator to find impulsive moves, impulsive move is a move which happens just in 27% of time. I have done excessive studies on this subject. I have found that on 1MIN TF are impulsive moves from 25+ points. As soon as impulsive move forms I am waiting for a correction to enter in a direction of the continuation move. The continuation happens in about 70 % of the time. As soon as the correction gets below the mid of the move, I am out, because just 19 % of these impulsive moves gets the continuation.

I have attached screen with three possible entries from yesterday. I did not trade them, because I wasn’t at the computer.

attachment.php


HT
 
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