MichaelJohnFX
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Didn't get involved at the 11400 support level. Tend not to get involved when US market just opens.
FTSE, DAX, DOW Trading Ideas and discussions
- Thread starter Jessi_trader
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MichaelJohnFX
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Area tested, then a move up. Dax pretty much hasn't moved today haha
MichaelJohnFX
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And another test of the 11480 area...
MichaelJohnFX
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And out. That's me done for the day. Thread was relatively quiet today as well guys!
Have taken a long on FTSE @ 6966. Very bullish on that indicie
Dentalfloss
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finally getting into test res
lets see if it pops
lets see if it pops
Dentalfloss
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bulls in
30 min data
there is a stack of horizontal res though
30 min data
there is a stack of horizontal res though
Dentalfloss
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dax
5 min
the latest downtrend broke today
support held
then the rallies..job done
test of res above...lets see if that breaks
5 min
the latest downtrend broke today
support held
then the rallies..job done
test of res above...lets see if that breaks
German DAX trading at a key support level. Do we go higher from here?...
http://marketchartpattern.com/indices/german-dax-trading-at-a-key-support-level-1-june-2015/
http://marketchartpattern.com/indices/german-dax-trading-at-a-key-support-level-1-june-2015/
Dentalfloss
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mornin all
Dentalfloss
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into the open
MichaelJohnFX
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Haha Short term I'm bullish ie for the week I'm bullish.
MichaelJohnFX
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4 or 5 scalps from that 11480 area since yesterday. Working well. Expect it to breakdown soon though lol
MichaelJohnFX
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And another nice bounce from that area. Good morning so far.
I think Dax is going to pretty much consolidate between 11342-11520 (latter area identified by denitist) until some major news comes out tbh
Atilla
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MichaelJohnFX
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Atilla
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I can't help thinking the tank earlier was linked to the news at 9:00.
As long as there is free easy money with negative rates, nominal bond yields there is no other place to put money other than equities chasing yields and capital gain.
Let's see if 11350 holds.
MichaelJohnFX
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Clearly working well haha =/
MichaelJohnFX
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Biggest thing market is worried about is if Greece defaults, the risk of contagion. We saw in 2011 what that Greek woes did to markets. This IMO, is just a replay of that.
Europe cannot /won't let Greece leave the Euro though for a whole host of reasons.
The only way Greece leaving the Euro is "accidentally" - whatever that means i.e we both want to reach a deal, but I won't blink unless you blink. Game theory being tested to the max!
Dentalfloss
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as we said last week
trends in the dax
do not call the support areas..they could be anywhere
there is a downside vertical count of 11100 area...possibly all news dependent
the only way of calling support is on the retest and look at the bounce when it tests resistance..as of friday..we got a bounce at 11500 and it immediately went into a new downtrend
any downmove..then plot the res on any upswing and look at the reaction at res
then you can tell if it looks strong
it will cripple your account if you start calling support...imho
plenty of points too be had whilst decision is made..accept the volatility and carry on
